DHFL reacts to rating downgrades, defends group companies

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DHFL reacts to rating downgrades, defends group companies

Feb 04, 2019 15:40 IST

The Dewan Housing management today reacted to rating downgrades saying the voluntary action comes as a surprise .They also said rating agencies should not take decisions based on price action. DHFL reiterated that they deny allegations mentioned by the news site Cobrapost. All commitments to creditors have been honoured and none of the group companies are categorised as shell companies by the government.

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