ICRA reviews credit rating for Rs. 1,550 crore NCD programme of GIC Housing Finance Limited

The Rating Committee of ICRA, after due consideration of the latest development in GIC Housing Finance Limited, has retained the rating of non-convertible debenture (NCD) programme at [ICRA]AA (pronounced as [ICRA] double A). The Outlook on the long-term rating is Stable. Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

Shares of GIC Housing Finance Ltd. was last trading in BSE at Rs. 141.7 as compared to the previous close of Rs. 142.6. The total number of shares traded during the day was 21805 in over 682 trades.

The stock hit an intraday high of Rs. 143.05 and intraday low of 140.25. The net turnover during the day was Rs. 3089700.

Source : Equity Bulls

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