img



Thank you!
We have received your details.
Our Customer Care Executive
shall contact you shortly!



Working hours: 9:00AM to 6:00PM IST (Mon-Sat).

News Updates

29

Nov
2017

CRISIL upgrades Indiabulls Housing Finance’s long-term rating to “[CRISIL] AAA/ Stable” from “[CRISIL] AA+/Positive”

CRISIL, a Standard & Poor’s company, has upgraded the long-term rating of Indiabulls Housing Finance Limited (IBHFL), and its wholly owned subsidiary Indiabulls Commercial Credit Limited (ICCL), to the highest rating of “[CRISIL] AAA/ Stable”, from its earlier assigned rating of “[CRISIL] AA+/Positive”. IBHFL is only the second private non-bank lender on standalone strength to be rated AAA by CRISIL.

In upgrading the rating, CRISIL has factored IBHFL’s continued healthy asset quality, robust capitalisation, strong profitability, healthy cover for asset-side risks, and sufficient liquidity. Further, CRISIL has noted that IBHFL is one of the largest and most profitable non-bank lenders in India. With this rating upgrade all of the four leading rating agencies in India rate IBHFL at the highest long-term rating of AAA and the highest short-term rating of A1+.