IIFL Finance Limited has informed the Exchange about Credit Rating
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Awaiting price reaction for this filing.
Brickwork Ratings has reaffirmed the credit rating of IIFL Home Finance Limited (a material subsidiary of IIFL Finance) at 'BWR AA+' for its Non-Convertible Debentures and unsecured subordinated NCDs. Importantly, the outlook on the rating has been revised from 'Negative' to 'Stable'. This signals improved confidence in the home finance subsidiary's financial health and risk profile. The rationale for the rating action is available on Brickwork Ratings' website.
Positive for shareholders — the outlook upgrade from Negative to Stable removes a key overhang on IIFL Home Finance's borrowing costs and reflects improving credit fundamentals, which should support business growth and lower funding costs for the subsidiary.