This is with reference to the communication Indiabulls Housing Finance Limited [IBH] received from the rating agency CARE Ratings on February 15, 2020. The rating committee of CARE Ratings has revised the long-term rating of Indiabulls Housing Finance Limited to CARE AA with Stable outlook. The rating for Perpetual Debt has been revised to CARE AA- with Stable outlook. The short-term rating has been reaffirmed at CARE A1+ .
In revising the rating CARE cited challenges faced in accessing diverse sources of funding following the situation for non-banks since September, 2018.
SGX - Singapore Exchange Limited published this content on 16 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 February 2020 00:06:07 UTC