IIFL Finance Limited has had its credit ratings reaffirmed and assigned by Brickwork Ratings India Private Limited (BWR). The agency affirmed the BWR AA+/Stable rating for Non-Convertible Debentures amounting to ₹3,022.04 crore and BWR AA/Stable for Perpetual Debt Instruments valued at ₹850 crore. Additionally, BWR has assigned a BWR AA/Stable rating for proposed Perpetual Debt Instruments worth ₹300 crore.
Brickwork Ratings Reaffirms and Assigns Key Credit Ratings for IIFL Finance
IIFL Finance Limited announced today that Brickwork Ratings India Private Limited (BWR), a prominent credit rating agency, has reaffirmed its existing credit ratings and assigned new ratings for several of the company’s debt instruments. These ratings reflect BWR’s assessment of IIFL Finance’s financial stability and its ability to meet its debt obligations.
Rating Details
The following ratings have been confirmed by BWR:
- BWR AA+/Stable has been reaffirmed for Non-Convertible Debentures (NCDs) totaling ₹3,022.04 crore. This rating indicates a high degree of safety regarding timely servicing of financial obligations.
- BWR AA/Stable has been reaffirmed for Perpetual Debt Instruments (PDIs) amounting to ₹850 crore.
- BWR AA/Stable has been assigned for Proposed Perpetual Debt Instruments (PDIs) valued at ₹300 crore.
These affirmations and assignments are made in accordance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The detailed rating rationale is available on Brickwork Ratings’ website.
Source: BSE
