MarketData
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Credit Market
22 Nov 2020
India Bulls Housing Finance – Bond markets tussle with rating agencies
India Bulls Housing Finance is a classic example of bond markets differing from rating agencies on its credit risk. Spreads are way higher than an average AA- rated bond of a housing finance company. The company has been buying back bonds from the market but still the lack of institutional liquidity is keeping the spreads high.
Arjun Parthasarathy
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