Indiabulls Housing Finance says CRISIL has upgraded outlook to stable

Agency affirms company's long-term credit rating of "AA" and short term of "A1+"

Rating agency CRISIL has upgraded its outlook for Indiabulls Housing Finance Ltd from “negative” to “stable”. It affirmed the company’s long-term credit rating of “AA” and short term of “A1+”.

The housing finance company in a filing with BSE said it got CRISIL's communication on March 31. The revision in rating factors in fund raising, comfortable asset quality in retail segments and lower than expected rise in non-performing asset (NPA) levels.

There has been regularisation of collection efficiency to levels before Covid-19. Capitalisation is strong with healthy cover for asset-side risks. The liquidity position also remains strong, the company said.

CRISIL had, on