Credit rating agency, ICRA, an associate of Moodys Investor Service, has assigned the rating of “LAA” with a stable outlook to the Non Convertible Debenture program of Indiabulls Financial Services Ltd upto an amount of Rs 4,000 crore. This rating indicates a high-credit quality rating assigned by ICRA.
CARE has also assigned “CARE AA” umbrella rating to the long term debt programme (including NCD and Bank Borrowings) aggregating to Rs 10,000 crores, to be issued by the company, from time to time.
About Indiabulls Financial Services
Indiabulls Financial Services Limited is one of India’s largest financial services companies, with a net worth of over Rs 4500 crore. IBFSL is ranked among the top private sector financial services and banking groups in terms of net worth. The company has one of the strongest balance sheets amongst peers, highest CRAR and lowest Debt/Equity ratio. The lending business of Indiabulls Finance is picking up and the loan book has seen a robust growth. The company is a major player in the mortgage business and currently, is offering home loans at around 8 per cent.
About Indiabulls Group
Indiabulls Group is one of India’s top Business houses with businesses spread over Real Estate, Infrastructure, Financial Services, Securities and Power sectors. The group companies are listed on important Indian and Overseas markets. Indiabulls has been conferred the status of a “Business Superbrand” by The Brand Council, Superbrands India.
