Credit rating agency – CARE has reaffirmed the long-term rating of Indiabulls Housing Finance at ‘AA’. The perpetual debt rating has been reaffirmed at ‘AA-‘. Rating outlook has been revised to negative. The short-term rating has been reaffirmed at ‘A1+’.
Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).