Moody’s Investor Service has updated the long-term corporate family rating (CFR) of IRB Infrastructure Developers Limited. The rating of Ba1 remains unchanged. The rating assigned to its USD senior secured notes due 2032 is also unchanged at Ba2. The outlook is stable.
Moody’s Rating Update
IRB Infrastructure Developers Limited has received an update from Moody’s Investor Service regarding its credit ratings. The update pertains to the company’s long-term corporate family rating (CFR) and the rating of its USD senior secured notes.
Rating Details
The long-term corporate family rating (CFR) has been maintained at Ba1. Furthermore, the instrument rating assigned to the company’s USD senior secured notes due in 2032 remains at Ba2. According to the announcement, the outlook remains stable.
For more detailed information on the rationale behind these ratings, refer to Moody’s official communication.
Source: BSE
