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3 Point Analysis | Bad news for NBFCs as Edelweiss and Piramal downgrade

The real estate sector is seeing a significant fall in the economy which in turn has been affecting the NBFCs.

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Rating agency ICRA downgraded both Edelweiss Financial Services and Piramal Capital & Housing Finance on June 25, 2019. The reason for the downgrade is due to the likelihood of higher default rate in the real estate section.

It comes at a time when the NBFC sector is struggling due to the IL&FS default and the downgrades of DHLF and Reliance ADAG.

The real estate sector is seeing a downturn which has been affecting the NBFCs. The liquidity crunch of NBFCS will also tighten as mutual funds have become selective in lending.

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Sakshi Batra does a 3 Point Analysis of how bad the situation of the NBFCs are after the downgrades of Edelweiss and Piramal.
First Published on Jun 27, 2019 07:14 pm
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