DHFL/CSD/2019‐20/1530
Date :June 5, 2019

The Manager The Manager
Listing Department Listing Department
The BSE Limited. National Stock Exchange of India Limited,
Phiroze Jeejeebhoy Towers, ‘Exchange Plaza’, C‐1, Block G,
Dalal Street, Fort, Bandra‐ Kurla Complex,
Mumbai‐ 400 001. Bandra (East), Mumbai‐ 400 051.
Stock Code : 511072 Stock Code : DHFL

Dear Sir/Madam,

Sub: Intimation in respect of Credit Ratings under the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 ["SEBI Listing Regulations"]

We wish to inform you that ICRA Limited (ICRA), CRISIL Limited (CRISIL), CARE Ratings Ltd. (CARE) and
Brickwork Ratings (Brickwork) have communicated their credit ratings, as per the details mentioned
herein under:

Facilities/Instru Amount Present Ratings Previous Reason Rating
ments Rated Rating mentioned by Agency
the Rating
Agency


Commercial Rs. 850 (ICRA) D (ICRA) A4 Delay in meeting ICRA
Papers Crore (pronounced as (pronounced scheduled debt
ICRA D) as ICRA A obligation.
four)
Commercial Rs. 850 CRISIL D CRISIL A4+ Delay in debt CRISIL
Papers Crore (Rating watch servicing by the
with Negative Company on some
implications) of its Non‐
Convertible
Debentures
(NCDs) (not rated
by CRISIL)
Fixed Deposit 8,940 CARE D (FD) CARE BBB‐ Recent instance of CARE
Programme (reduced [Single D (Fixed (FD) [Triple B delay in servicing
from 20,000) Deposit)] Minus (Fixed of obligations with
Deposit)] respect to some of
(credit watch the non‐
with negative convertible
implications) debentures by the
Non‐Convertible Rs. CARE D CARE BBB‐ Company
Debentures 17,655.12 (Single D) (Triple B
Crore Minus)
(credit watch
with negative
implications)

 
  
Subordinated Rs. 2,205 CARE D CARE BBB‐ CARE
Debt crore (Single D) (Triple B
Minus) (credit
watch with
negative
implications)
Perpetual Debt Rs. 1,300 CARE D (Single CARE BB+
Crore D) (Double B
Plus) (credit
watch with
negative
implications)
Non‐Convertible Rs. 29,000 CARE D (Single CARE BBB‐
Debentures Crore D) (Triple B
(Public Issue) Minus) (credit
watch with
negative
implications)
Non‐convertible Rs. 750 CARE D (RPS) CARE BBB‐
Redeemable Crore [Single D (RPS) [Triple
Cumulative (Redeemable B Minus
Preference share Preference (Redeemable
Shares)] Preference
Shares)]
(credit watch
with negative
implications)
Long term Bank Rs. CARE D (Single CARE BBB‐
Facilities 42,713.80 D) (Triple B
Crore Minus) (credit
watch with
negative
implications)
Secured NCD Rs. 15000 BWR D BWR BBB+ The Company has Brickwork
(Public Issue) crore ‘Downgraded’ (Pronounced not yet announced
as BWR Triple induction of a
strategic investor
B Plus) (Credit
which is critical to
Watch with restore lenders
Negative and investor
Implications) confidence

Secured NCD Rs. 5100 BWR D BWR BBB+ On account
crore ‘Downgraded’ (Pronounced of delay in
Secured NCD Rs 6900 as BWR Triple payment of
Crore B Plus) (Credit interest due
Secured NCD Rs. 14000 Watch with
(Public Issue) crore Negative
Subordinated NCD Rs. 2250 Implications)
crore

 
  
IPDI Rs. 1300 BWR D BWR BBB Brickwork
crore ‘Downgraded’ (Pronounced
as BWR Triple
B) (Credit
Watch with
Negative
Implications)
Fixed Deposit Rs. 12000 BWR FD BWR FBBB+
Crore ‘Downgraded’ (Pronounced
as BWR F
Triple B Plus)
(Credit Watch
with Negative
Implications)

We request you to kindly take the same on record.

Thanking you,

Yours faithfully,
For Dewan Housing Finance Corporation Ltd.

Kapil Wadhawan
Chairman and Managing Director
DIN: 00028528