ICRA attributes high credit quality rating to CFHL

New Delhi, July 27 (UNI) Credit rating agency ICRA today assigned LAA+ rating to the Rs 50 crore subordinated debt of Can Fin Homes Ltd (CFHL).

Meanwhile, ICRA reaffirmed the MAA+ assigned to the Fixed Deposit Programme and LAA+(SO) assigned to the Rs 50 crore Debenture Programme of CFHL.

The LAA+(SO) rating assigned to the debenture programme of Rs 50 crore is supported by receivables from a mortgage pool of Rs 62.5 crore and credit enhanced by a cash collateral of Rs 3.5 crore along with a rating linked trigger mechanism.

UNI SBA RA RK1938