Indiabulls Housing Finance Ltd - 535789 - Announcement under Regulation 30 (LODR)-Credit Rating
This is with reference to the communication Indiabulls Housing Finance Limited [IBH] received from the rating agency CARE Ratings on February 15, 2020. The rating committee of CARE Ratings has revised the long-term rating of Indiabulls Housing Finance Limited to 'CARE AA' with Stable outlook. The rating for Perpetual Debt has been revised to 'CARE AA-' with Stable outlook. The short-term rating has been reaffirmed at 'CARE A1+'. In revising the rating CARE cited challenges faced in accessing diverse sources of funding following the situation for non-banks since September, 2018.15-02-2020