Announced Sat, 22 Aug · 16:02 IST
SHFL rating moved to IND D non-cooperating, company in default
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
India Ratings migrated Star Housing Finance NCDs (Rs 2,500 mn) and bank loans (Rs 4,500 mn) to IND D with issuer not cooperating tag after SHFL failed to join the rating review. The debenture trustee confirmed the company is presently in default. Rating had earlier fallen from IND BBB Stable to IND D in Feb 2026.
Likely market impact
Severe credit risk: company in default and not engaging with the rating agency. Major negative for bondholders and lenders.