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News Details

Indiabulls Housing F - Announcement under Regulation 30 (LODR)-Credit Rating

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18/11/2021 21:33
This is with reference to the rating rationale of Indiabulls Housing Finance Limited IBH received from the rating agency Brickwork Ratings India Pvt. Ltd., on November 18, 2021. The rating committee of Brickwork Ratings India Pvt. Ltd. has revised the Company's outlook to 'Stable' from 'Negative'.

The long-term credit rating of Indiabulls Housing Finance Ltd has been reaffirmed at 'BWR AA+' and Perpetual Debt rating has been reaffirmed at 'BWR AA'.

Brickwork noted the following in revising the rating outlook to stable:

- Comfortable capitalization levels
- Established market position
- Strong liquidity position
- Minimal slippages and healthy collections
- Diversified resource profile

Kindly take the above information on record.