Credit rating agency, CRISIL, a Standard and Poor’s Company, has upgraded its rating on the long-term debt instruments and bank facilities of Indiabulls Housing Finance (IBHFL) and its wholly owned subsidiary Indiabulls Infrastructure Credit (IICL) to ‘AA+/Stable’ from ‘AA/Stable’.
Indiabulls Housing Finance (IBHFL), wholly owned subsidiary of Indiabulls Financial Services (IBFSL), is a registered HFC by National Housing Bank (NHB). It has presence through 78 branches in 57 cities across the country.