Credit rating agency, CRISIL has reaffirmed AA/Stable rating to Indiabulls Housing Finance’s (IBHFL) long term bank facilities. The rating agency has also reaffirmed A1+ rating to the company’s short term bank facilities.
The company has received the said rating re-affirmation on the back of robust net worth, growing presence in the mortgage finance space, and comfortable earnings profile.
Indiabulls Finance Company is a Non-Deposit taking NBFC, registered with and regulated by RBI. IBHFL, along with its subsidiary IICL, will continue to focus on asset classes such as mortgages, commercial credit and commercial vehicle loans.
