 "Asset quality of Indiabulls Housing Fin, IIFL Finance vulnerable: Moody's")
Asset quality at non-bank lenders IIFL Finance and Indiabulls Housing Finance is "vulnerable" due to the economic contraction, global ratings agency Moody's Investors Service said on Monday.
The agency said Muthoot Finance the third non-bank finance company it rates is better positioned because of its focus on the gold loans business.
Loan collections have shown an improvement for all the three NBFCs despite the six-month loan repayments moratorium ending in August on a pick-up in economic activity, but "asset quality at IIFL Finance and Indiabulls is vulnerable to economic contraction", it added.
Till now, various types of
The agency said Muthoot Finance the third non-bank finance company it rates is better positioned because of its focus on the gold loans business.
Loan collections have shown an improvement for all the three NBFCs despite the six-month loan repayments moratorium ending in August on a pick-up in economic activity, but "asset quality at IIFL Finance and Indiabulls is vulnerable to economic contraction", it added.
Till now, various types of
