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Moody’s Downgrades Indiabulls Housing Finance’s Ratings, Changes Outlook To Negative

Moody’s downgraded three credit ratings it had assigned to Indiabulls Housing Finance and changed outlook to negative from stable.

Advait Rao Palepu
If the proposed merger with Lakshmi Vilas Bank gets regulatory approval, Moody’s could change its ratings outlook for Indiabulls Housing Finance back to “stable”. (Photographer: Dhiraj Singh/Bloomberg)

Moody’s downgraded its rating for Indiabulls Housing Finance Ltd. on the back of renewed pressure on the cost and availability of funds for the housing finance company. It also changed its outlook on the housing financier from “stable” to “negative”.

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