With reference to the rating rationale Indiabulls Housing Finance [IBH] received from the rating agency ICRA, a Moody’s Investors Service Company, on September 30, 2021. Indiabulls Housing Finance has informed that the rating committee of ICRA has revised the Company’s outlook to ‘Stable’ from ‘Negative’. The long-term credit rating of Indiabulls Housing Finance has been reaffirmed at ‘ICRA AA’. ICRA noted the following in revising the rating outlook to stable: Healthy financial profile with adequate capitalization, Strengthened governance structure, Strong liquidity position, Limited slippages and healthy collections, Adequate asset quality of the retail segment and Sufficient provision to cushion any asset quality deterioration.
The above information is a part of company’s filings submitted to BSE.
