Credit rating agency -- Brickwork rating has assigned short-term rating of A1 plus to Indiabulls Housing Finance, signifying adequate degree of safety and low credit risk. The rating agency has also reaffirmed the long-term rating at ‘AA+, suggesting high degree of safety and very low credit risk. It has also assigned short term rating at 'A1+. The long term rating has been reaffirmed at 'AA+'.
The long term rating reaffirmation was on account of long-term liquidity position of the company, comfortable capitalisation, established market positions as one of the largest housing finance companies among others.
Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).
