From ICRA
Indiabulls Housing Finance announced that ICRA has revised the long-term rating of the company to ICRA AA with Stable outlook. The short-term rating has been reaffirmed at ICRA A1+.In revising the rating ICRA cited challenges faced by the company in mobilizing long term resources following the situation for non-banks since September, 2018, and the resulting weakening of its market position as a leading financier to the housing sector on an incremental disbursement basis.
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