Credit Rating

This is to inform you that the rating committee of the rating agency CRISIL, a Standard & Poors company, has upgraded the long-term rating of Indiabulls Commercial Credit Limited (ICCL), and its wholly-owning parent Indiabulls Housing Finance Limited (IBHFL), to the highest rating of [CRISIL] AAA/ Stable, from its earlier assigned rating of [CRISIL] AA+/Positive. The parent IBHFL is only the second private non-bank lender on standalone strength to be rated AAA by CRISIL.

In upgrading the rating, CRISIL has factored IBHFLs continued healthy asset quality, robust capitalisation, strong profitability, healthy cover for asset-side risks, and sufficient liquidity. Further, CRISIL has noted that IBHFL is one of the largest and most profitable non-bank lenders in India.

Pdf Link: Credit Rating

Source : BSE - www.bseindia.com

Published on November 29, 2017
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