General Announcement::Credit Rating Update

Issuer & Securities

Issuer/ Manager
INDIABULLS HOUSING FINANCE LIMITED
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
16-Feb-2020 01:20:49
Status
New
Announcement Sub Title
Credit Rating Update
Announcement Reference
SG200216OTHREBOU
Submitted By (Co./ Ind. Name)
Amit Jain
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
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.

Attachments

IBH_SE_RatingUpdate_15022020.pdf
Total size =43K