IIFL Finance Limited has announced the reaffirmation of its credit ratings by CRISIL Ratings Limited. The ratings cover various debt instruments, including Bank Loan Facilities, Non-Convertible Debentures, Long Term Principal Protected Market Linked Debentures, Perpetual Bonds, and Commercial Papers. The company has received a ‘Stable’ outlook for most of its ratings, reflecting its consistent financial performance and market position.
CRISIL Reaffirms Ratings for IIFL Finance
IIFL Finance Limited has received a significant endorsement from CRISIL Ratings Limited, with the agency reaffirming the company’s credit ratings across its various debt instruments. This reaffirmation signifies continued confidence in IIFL Finance’s financial stability and creditworthiness.
Key Ratings and Outlook
CRISIL has reaffirmed the following ratings for IIFL Finance:
- Crisil AA/Stable for Bank Loan Facilities amounting to Rs. 11,493 Crore and Non-Convertible Debentures amounting to Rs. 11,398.56 Crore.
- Crisil PPMLD AA/Stable for Long Term Principal Protected Market Linked Debentures amounting to Rs. 859 Crore.
- Crisil AA-/Stable for Perpetual Bonds amounting to Rs. 300 Crore.
- Crisil A1+ for Commercial Papers amounting to Rs. 9000 Crore.
The ‘Stable’ outlook on most of these ratings indicates CRISIL’s expectation of sustained financial performance and adherence to its commitments by IIFL Finance.
Available on CRISIL Website
The detailed ratings and associated reports by CRISIL for IIFL Finance are accessible on the agency’s official website at the following URL: CRISIL Ratings Link.
Source: BSE
