from CRISIL
Indiabulls Housing Finance announced that CRISIL has upgraded the long-term rating of Indiabulls Housing Finance (IBHFL), and its wholly owned subsidiary Indiabulls Commercial Credit (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+.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
