Indiabulls Housing Finance has informed that the rating committee of ICRA has reaffirmed the long-term rating of the company at 'ICRA AA+'. Short-term rating has been reaffirmed at 'ICRA A1+'. The rating committee of ICRA cited the following in reaffirming the ratings and resolving the rating watch: Established track in domestic mortgage finance industry as one of the three largest Housing Finance Companies; Comfortable capitalization levels: Capital adequacy ratio of 27.81% against regulatory requirement of 12%, providing adequate cushion for growth; The available flexibility to securitize a part of the loan portfolio, which provides the company an avenue for raising funds, in addition to shoring up Return on Equity [RoE]; Strong liquidity position to cover next 12 months debt repayment. Further details enclosed.
The above information is a part of company’s filings submitted to BSE.
