Ratings agency Crisil has downgraded long-term debt instruments and bank facilities of Indiabulls Housing Finance over challenges faced by the lender in finding diversified funding sources.
Crisil lowered ratings on the long-term debt instruments and bank facilities to 'CRISIL AA' from 'CRISIL AA+' and revised the outlook on the long-term ratings to 'Stable' from 'Negative'.