India Ratings and Research has affirmed IIFL Finance’s credit ratings. The agency assigned an IND AA/Stable rating to bank loan facilities amounting to Rs. 20,000 million and Non-Convertible Debentures (NCDs) amounting to Rs. 30,000 million. Additionally, ratings for bank loan facilities amounting to Rs. 30,000 million & NCDs amounting to Rs. 22,500 million, and IND AA-/Stable for Perpetual Debt were also affirmed. The detailed ratings are available on India Ratings’ website.
Affirmation of Credit Ratings
IIFL Finance has received affirmation of its credit ratings from India Ratings and Research. The agency has assigned a rating of IND AA/Stable to the company’s bank loan facilities and Non-Convertible Debentures (NCDs).
Details of the Ratings
The IND AA/Stable rating applies to bank loan facilities amounting to Rs. 20,000 million and NCDs totaling Rs. 30,000 million. Furthermore, the IND AA/Stable rating has been affirmed for bank loan facilities amounting to Rs. 30,000 million and NCDs amounting to Rs. 22,500 million. Additionally, the IND AA-/Stable rating remains in place for Perpetual Debt (Tier I) instruments amounting to Rs. 3,000 million.
Source: BSE
