Icra cuts long-term debt rating of Piramal Capital, Edelweiss firms by a notch2 min read . Updated: 27 Jun 2019, 01:18 AM IST
- The move, in the middle of a liquidity crunch at NBFCs, could raise the cost of money for the two lenders
- The latest downgrades follow a spate of rating revisions in the NBFC sector, stoking fears of a liquidity crisis
Mumbai: Credit rating agency Icra Ltd on Wednesday cut the long-term debt rating of Piramal Capital and Housing Finance Ltd and Edelweiss group companies by a notch, citing risks from loans to the real estate sector and difficulty in raising funds.
Select your Category