Infomerics Valuation and Rating Limited has reaffirmed IIFL Finance’s credit ratings. A rating of IVR A1+ has been assigned for Proposed Commercial Paper Issue amounting to Rs. 5,000 crores. The rating agency also reaffirmed its rating of IVR AA/Stable for Perpetual Debt Instrument amounting to Rs. 500 crore. The ratings reflect the creditworthiness of IIFL Finance.
Credit Rating Update
IIFL Finance has received an update on its credit ratings from Infomerics Valuation and Rating Limited. This announcement concerns both commercial paper and perpetual debt instruments issued by the company.
Key Rating Details
The credit rating agency, Infomerics, has assigned a rating of IVR A1+ for the Proposed Commercial Paper Issue. The total value of the Commercial Paper Issue amounts to Rs. 5,000 crores. This rating indicates a strong degree of safety regarding timely payment of financial obligations.
Perpetual Debt Instrument Rating
In addition to the Commercial Paper, Infomerics has reaffirmed its rating of IVR AA/Stable for IIFL Finance’s Perpetual Debt Instrument. This instrument has a total value of Rs. 500 crore. The ‘Stable’ outlook suggests that the rating is not expected to change in the near term. This rating reaffirmation highlights the stability and creditworthiness of the company’s long-term debt.
Official Website Information
Further details regarding the rating by Infomerics for IIFL Finance are available on the company’s website.
Source: BSE