BHW Birla Home gets highest debt rating
By Our Banking Bureau | 30 Dec 2004
New Delhi: BHW Birla Home Finance said it has been assigned Crisil's highest safety rating `P1+' for its Rs30-crore short-term debt programme.
"The rating of BHW Birla Home Finance Ltd certainly reflects the benefits of 100 per cent ownership by BHW Holdings AG. It is also based on BHW Birla's good capital adequacy and the expectation of an improvement in its resource profile and inherent asset quality," a statement from the company said.
The statement added BHW AG, the holding company of BHW Group, provides strong support to the company in the areas of management, technological inputs, capital and funding.
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