Housing Finance Companies Extend Slide As Moody’s Sees More Pain – Shares of housing finance companies continued their losing streak on Friday.
Rating agency Moody’s Investors Service in a report said that the liquidity tightness could lead to sharply higher financing costs or even difficulty in rolling over liabilities for NBFCs as they rely heavily on market borrowing to fund asset growth.
Indiabulls Housing Finance declined as much as 10.6 percent to Rs 705.20 while PNB Housing Finance declined close to 7.5 percent to Rs 800 per share.
