Credit rating agency CARE Ratings has revised its outlook on Repco Home Finance's liabilities to 'stable' from 'negative'. The rating on Rs 9,465 crore of liabilities has been revised to ‘AA-‘ from ‘AA’.
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The key rationale behind this revision is comfortable capitalization, healthy profitability, and adequate liquidity in the balance sheet.
To get more details, CNBC-TV18 spoke to Yashpal Gupta, MD & CEO of Repco Home Finance.