Indiabulls Housing Finance receives revision in credit ratings

From ICRA

Feb 21, 2020 10:02 IST capital market

Indiabulls Housing Finance announced that ICRA has revised the long-term rating of the company to ?ICRA AA? with Stable outlook. The short-term rating has been reaffirmed at ?ICRA A1+?.

In revising the rating ICRA cited challenges faced by the company in mobilizing long term resources following the situation for non-banks since September, 2018, and the resulting weakening of its market position as a leading financier to the housing sector on an incremental disbursement basis.

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