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Indiabulls Hsg

14th-Oct-2019 22:40Source: BSE

Indiabulls Housing Finance - Announcement under Regulation 30 (LODR)-Credit Rating

This is with reference to the communication Indiabulls Housing Finance Limited [IBH] received from the rating agency ICRA. The rating committee of ICRA has reaffirmed the long-term rating of Indiabulls Housing Finance Limited at ''ICRA AA+''. Short-term rating has been reaffirmed at ''ICRA A1+''.

ICRA cited the following in reaffirming the ratings and resolving the rating watch:

Established track in domestic mortgage finance industry as one of the three largest Housing Finance Companies
Comfortable capitalization levels: Capital adequacy ratio of 27.81% against regulatory requirement of 12%, providing adequate cushion for growth
The available flexibility to securitize a part of the loan portfolio, which provides the company an avenue for raising funds, in addition to shoring up Return on Equity [RoE]
Strong liquidity position to cover next 12 months'' debt repayment

For further details, refer attached PDF file.

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