With this upgrade, IBHFL enters into the league of a select few financial services companies that enjoys AAA on both senior-debt and subordinate-debt.
Indiabulls Housing Finance Limited (IBHFL), India’s 2nd largest private housing finance company announced that reputed rating agency CARE has upgraded the company’s sub debt rating to AAA. This places IBHFL in a select list of financial services companies in India who have achieved a AAA rating for not only their senior debt but also their Tier 2 capital. This upgrade will allow IBHFL to further enhance shareholder value by maximising RoE in the long run.
Proud of yet another milestone achieved, Mr. Gagan Banga, Vice Chairman and Managing Director commented, “While IBHFL is comfortably placed on capitalization levels, the upgrade of subordinate debt rating will help us raise tier-II capital at fine rates and enable very efficient utilization of equity capital. This rating validates the hard work put in by the entire team here. We hope to continue working hard and providing greater value to all our stakeholders”
About Indiabulls Housing Finance
IBHFL is India’s 2nd largest Housing Finance Company by profits and net worth in the private sector. IBHFL has a balance sheet size of Rs. 71,199.2 crore and a network of 222 branches with over 5,200 employees. It provides quick, convenient and competitively priced home loans in the affordable housing segment. IBHFL enjoys a AAA long-term rating. For further information, please visit https://www.indiabullshomeloans.com/