S&P Global Ratings has revised the credit rating outlook for IIFL Finance Limited from Stable to Positive. The rating agency has affirmed the ‘B+’ long-term and ‘B’ short-term issuer credit ratings of IIFL Finance. The ‘B+’ long-term foreign currency issue rating on the company’s outstanding U.S. dollar-denominated senior secured notes has also been affirmed. The rating by S&P is available on its website.
S&P Global Revises Outlook
IIFL Finance has received notification from S&P Global Ratings regarding a revision of its credit rating outlook. The revision moves the outlook from Stable to a more favorable Positive, reflecting S&P’s assessment of the company’s improved financial position and outlook.
Affirmed Credit Ratings
In addition to the outlook revision, S&P Global has affirmed several key credit ratings for IIFL Finance. These include:
- Long-term issuer credit rating: ‘B+’
- Short-term issuer credit rating: ‘B’
- Long-term foreign currency issue rating: ‘B+’ (on outstanding U.S. dollar-denominated senior secured notes)
Further Information
Detailed information supporting this rating action is available on S&P Global’s official website. The company encourages investors and stakeholders to consult the ratings agency website for a comprehensive understanding of the rationale behind this revision.
Source: BSE