Zodiac Matches That Make The Best Couples
Poonawala Housing Finance, once an AAA-rated financial institution, has faced a significant downgrade in its credit rating by Care Ratings. The downgrade, which saw the company’s rating plummet from AAA to AA-, has raised several questions about the credibility of rating agencies, the involvement of the Poonawala family, and the transparency of the ownership transition.
The recent downgrade of Poonawala Housing Finance’s credit rating by three notches has undoubtedly sent shockwaves through the financial industry. The company’s creditworthiness, which was once considered the highest level of safety and reliability, is now seen as having a slightly higher risk of default.
Speaking of, Poonawala Housing Finance has undergone a significant change in ownership, with the Poonawala family reportedly selling the company to Texas Pacific Group (TPG), a global private equity firm.
The downgrade has ignited debates over the assessment criteria employed by rating agencies, specifically Care Ratings in this case. Many industry experts and investors are questioning whether the downgrade was primarily based on the performance of Poonawala Housing Finance as a business entity or if it factored in the change in ownership.
There are speculations regarding the involvement of personal guarantees from the Poonawala family in relation to the loans taken by the now-sold Poonawala Housing Finance. This raises the question of whether the personal financial standing of the Poonawalas played a role in the downgrade decision. If personal guarantees were indeed provided, it might indicate a higher level of risk tied to the company’s loans.
The downgrade of Poonawala Housing Finance’s credit rating also exposes a potential gap in transparency between companies, rating agencies, and investors. The lack of clarity surrounding the rationale for the downgrade can shake investor confidence and even fuel skepticism about the rating agency’s motives.
Drinking coconut water daily for a month can significantly improve hydration, digestion, and overall health.
The METAPLASIA 2025 Sports Fest at the New Chandigarh campus witnessed thrilling competitions in cricket,…
Indian Railways achieved record freight and revenue in 2025, surpassing the US in cargo transport…
German traveler Alex Welder praised the metro systems in Delhi and Agra, calling them 'better…
Indian CEOs are confident, focusing on emerging technologies and M&As for growth, according to the…
In a major boost to economic ties, trade between India and the UAE surged 14.76%…