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Indiabulls Housing Finance Ltd.

BSE: 535789 Sector: Financials
NSE: IBULHSGFIN ISIN Code: INE148I01020
BSE 00:00 | 24 Apr Indiabulls Housing Finance Ltd
NSE 05:30 | 01 Jan Indiabulls Housing Finance Ltd

Announcement under Regulation 30 (LODR)-Credit Rating

April 6, 2020, 3:15 pm | Source: BSE

The rating committee of ICRA has reaffirmed the long-term rating of Indiabulls Housing Finance Limited to ICRA AA [Outlook: Negative]. The short-term rating has been reaffirmed at ICRA A1+.

ICRA noted the following in reaffirming the ratings:
- Strong liquidity position and established track record in domestic mortgage finance industry
- Adequate capitalisation levels: Total Capital Adequacy ratio at 29.0% as on December 31 2019
- Comfortable asset quality in retail loan portfolio

Indiabulls Housing Finance has withdrawn its petition against ICRA from the Delhi High Court.