After three consecutive sessions of losses, shares of Indiabulls Housing Finance (IBH) traded in positive territory in morning trade on October 17, jumping about 7 percent on BSE, a day after the company said CRISIL has reaffirmed its long-term and short-term ratings.

"The rating committee of CRISIL has reaffirmed the long-term rating of Indiabulls Housing Finance at “CRISIL AA+”. The short-term rating has been reaffirmed at “CRISIL A1+”. The watch resolution of negative outlook follows the announcement of RBI not approving the merger of the company with Lakshmi Vilas Bank," Indiabulls Housing said in a BSE filing on October 16.