India Ratings & Research (Ind-Ra) has assigned Indiabulls Housing Finance (IBHFL) Rs 20 billion commercial paper (CP) programme a rating of 'A1+'. 
 
The rating reflects IBHFL's well-matched liquidity profile, strong capitalisation and robust operating profitability buffers, and Ind-Ra's expectation that they will be maintained.

The liquidity profile exhibits well-matched asset and liability tenors, with no cumulative negative asset and liability mismatches across the short-term buckets. As a policy, IBHFL maintains adequate liquidity in the form of cash and equivalents, liquid investments and unused bank lines at all times to cover the next six months' targeted disbursals and debt repayments.