CARE upgrades Long-Term rating of Indiabulls Housing Finance to ‘AAA’

20 Aug 2014 Evaluate

Credit rating agency, CARE Ratings has upgraded its rating to ‘AAA’ from its earlier assigned rating of ‘AA+’ to the Long Term Debt Programme of Indiabulls Housing Finance. The credit rating agency has reaffirmed its ‘AA+’ rating to the Subordinate Debt Programme and its ‘AA’ rating to the Perpetual Debt Programme of the company.

Further, the agency has also reaffirmed its ‘AA+’ rating to the Long Term Debt Programme (for Non Convertible Debentures) of Indiabulls Infrastructure Credit, the wholly owned subsidiary companies of Indiabulls Housing Finance.

Indiabulls Housing Finance (IBHFL), wholly owned subsidiary of Indiabulls Financial Services (IBFSL), is a registered HFC by National Housing Bank (NHB). It has presence through 78 branches in 57 cities across the country.

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Company Name CMP
LIC Housing Finance 617.60
Housing & Urban Dev. 205.65
Bajaj Housing Financ 127.00
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PNB Housing Finance 852.80
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