Financial Daily
from THE HINDU group of publications
Tuesday, September 19, 2000
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Financial Daily from THE HINDU group of publications Tuesday, September 19, 2000 |
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HDFC bond assigned `AAA'
MUMBAI: The Rs 1,500-crore bond programme of the Housing Development Finance Corporation (HDFC), has been assigned a `AAA' rating by the rating agency Crisil.
According to a Crisil press release, this rating is based on HDFC's track record in the housing finance business and its strong market position.
Other factors that influenced the rating were HDFC's superior asset quality and favourable financial risk profile with comfortable capital adequacy and highly diversified resource mix, the release said. -- Our Bureau
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