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 ICRA. The rating committee of ICRA has reaffirmed the long-term rating of Indiabulls Housing Finance Limited at 'ICRA AA+'. Short-term rating has been reaffirmed at 'ICRA A1+'. ICRA cited the following in reaffirming the ratings and resolving the rating watch: Established track in domestic mortgage finance industry as one of the three largest Housing Finance Companies Comfortable capitalization levels: Capital adequacy ratio of 27.81% against regulatory requirement of 12%, providing adequate cushion for growth The available flexibility to securitize a part of the loan portfolio, which provides the company an avenue for raising funds, in addition to shoring up Return on Equity [RoE] Strong liquidity position to cover next 12 months' debt repayment For further details, refer attached PDF file.14-10-2019