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India Ratings assigns ‘A1+’ rating to Indiabulls Housing’s CP programme

12 Sep 2014 Evaluate

Credit rating agency India Ratings & Research has assigned ‘A1+’ rating to Indiabulls Housing Finance’s (IBHFL) Rs 2000 crore commercial paper (CP) programme. The rating reflects IBHFL’s well-matched liquidity profile, strong capitalisation and robust operating profitability buffers (which enable it to absorb significant levels of credit losses). The rating also factors in the company’s entirely wholesale funding profile and unseasoned loan portfolio.

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.

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