Moody's Investors Service ("Moody's") has today downgraded Indiabulls Housing Finance Limited's (IBH) long term corporate family rating to Ba2 from Ba1.
Moody's has also downgraded the company's foreign-currency senior secured rating to Ba2 from Ba1, foreign- and local- currency senior secured MTN program ratings to (P)Ba2 from (P)Ba1.
Moody's has changed the outlook to negative from stable.
Shares of Indiabulls Housing Finance Ltd was last trading in BSE at Rs.536.55 as compared to the previous close of Rs. 551.1. The total number of shares traded during the day was 1356387 in over 24292 trades.
The stock hit an intraday high of Rs. 572 and intraday low of 530. The net turnover during the day was Rs. 744923211.