DHFL maintains CARE AA8217; rating

MUMBAI, OCT 2: Dewan Housing Finance Coporation Ltd8217;s fixed deposit, cumulative redeemable preference share and non-convertible debenture programme have been rated CARE AA8217; by rating agency CARE.

These ratings have been retained as a result of the improved performance of the company on various financial fronts like its asset liability management, reduction in its cost of funds and a marked improvement in its collection efficiency mechanism.

According to DHFL executive director Kapil Wadhawan, quot;the sluggish market conditions in 1998-99 has resulted in the marginal increase in the disbursement figure.