Announced Thu, 9 Jul · 15:34 IST
Fitch assigns B+ rating to IIFL Finance USD 300M senior secured notes
IIFL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.8%1-day move
₹546.05
prior close
₹544.70
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.4-0.1+0.0+0.8+1.8-0.8-0.2+3.7+1.8+4.6————
Up moveDown movePending
AI summary
Fitch assigned a final B+ rating with Recovery Rating RR4 to IIFL Finance's USD 300 million 7.60% senior secured notes due July 2030, part of its USD 1.5 billion Global Medium Term Note Programme. The notes are issued under the RBI's external commercial borrowings framework. The rating matches IIFL Finance's existing B+ Long-Term IDR with a Positive outlook. Notes are secured by company assets and receivables and carry maintenance covenants including a 5% cap on net 90-day NPAs.
Likely market impact
Confirms IIFL Finance's B+ credit standing and Positive outlook, supporting its USD 300M overseas bond issuance and broader funding plans.