DHFL’s Imminent Default – I: A Rapidly Unravelling Crisis
Abhinandan 15 May 2019
Dewan Housing Finance Limited (DHFL) is in focus again due to continuous downgrade by rating agencies. The latest is from CARE which downgraded DHFL to BBB- on 14th May and CRISIL which has downgraded the ST rating to A4+ on 11th May. This rating by CRISIL signifies very high credit risk and very high probability of default. 
 
DHFL had highest possible rating (AAA / A1+) until...
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