The rating committee of CARE has reaffirmed the long-term rating of Indiabulls Housing Finance Limited at “CARE AA”. The perpetual debt rating has been reaffirmed at “CARE AA-“. Rating outlook has been revised to negative. The short-term rating has been reaffirmed at “CARE A1+”.
CARE noted the following in reaffirming the ratings and revising the outlook:
- Strong liquidity position
- Established track record as one of the largest HFCs and experienced management
- Comfortable capitalization levels: Total Capital Adequacy ratio at 29.0% as on December 31, 2019
