Indiabulls housing finance cracks 10% on Moody’s rating downgrade
Shares of Indiabulls Housing Finance (IBH) cracked nearly 10% to Rs 498 in the early BSE trade this Friday morning. This happened after global rating agency Moody’s downgraded the mortgage lender’s long-term corporate family rating to Ba2 from Ba1 while changing its outlook to negative from stable. By ‘negative’ outlook means that the ratings are not going… Read More: Indiabulls housing finance cracks 10% on Moody’s rating downgrade »