June 5, 2019 / 1:17 PM / 19 days ago

ICRA downgrades DHFL's commercial paper programme

BENGALURU, June 5 (Reuters) - Rating agency ICRA Ltd on Wednesday downgraded home loan lender Dewan Housing Finance Corp Ltd’s (DHFL) 8.50 billion rupees ($122.70 million) commercial paper programme to D.

ICRA removed here the programme from "Watch with Negative Implications" as DHFL's liquidity worsened, it said in a note. ($1 = 69.2740 Indian rupees) (Reporting by Chandini Monnappa in Bengaluru; Editing by Subhranshu Sahu)

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