IIFL Finance Limited announced the assignment and reaffirmation of several key credit ratings by CRISIL Ratings Limited on March 25, 2026. CRISIL assigned a rating of CRISIL AA/Stable for fresh Non-Convertible Debentures (NCDs) worth ₹2,000 Crore. Furthermore, existing facilities, including Bank Loans (₹9,500 Crore) and outstanding NCDs (₹10,531.53 Crore), were reaffirmed at CRISIL AA/Stable.
CRISIL Rating Update for IIFL Finance
On March 25, 2026, IIFL Finance Limited disclosed the outcomes of the recent review conducted by CRISIL Ratings Limited concerning the company’s various debt instruments and facilities. This disclosure was made pursuant to the applicable listing regulations.
New Rating Assignment (NCDs)
CRISIL has assigned a credit rating for new debt instruments being issued by the Company:
- Non-Convertible Debentures (NCDs): Assigned a rating of CRISIL AA/Stable for an amount totaling Rs. 2,000 Crore.
Rating Reaffirmations Across Facilities
The existing credit ratings for several major outstanding facilities have been reaffirmed at the following levels:
- Bank Loan Facilities: Reaffirmed at CRISIL AA/Stable for facilities amounting to Rs. 9,500 Crore.
- Existing NCDs: Reaffirmed at CRISIL AA/Stable for an aggregate amount of Rs. 10,531.53 Crore.
- Long Term Principal Protected Market Linked Debentures (PPMLD): Reaffirmed at CRISIL AA/Stable.
- Perpetual Bonds: Reaffirmed at CRISIL AA-/Stable.
- Commercial Paper (CP): Reaffirmed at CRISIL A1+.
Compliance and Disclosure
The detailed ratings report from CRISIL for IIFL Finance Limited, dated March 2024/2026, is hosted on the rating agency’s website for public access. The Company Secretary and Compliance Officer, Samrat Sanyal (ACS-13863), authorized the submission of this important update from Mumbai.
Source: BSE
