IIFL Finance Limited has informed the Exchange about Credit Rating
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IIFL Finance Limited has announced that Brickwork Ratings (BWR) has reaffirmed its AA+/Stable rating for Non-Convertible Debentures worth Rs. 3,022.04 crores and AA/Stable for Perpetual Debt Instruments of Rs. 650 crores. BWR also assigned a new AA/Stable rating for proposed PDI worth Rs. 200 crores. Separately, Infomerics Valuation and Rating Limited reaffirmed IVR A1+ for proposed Commercial Paper Issue of Rs. 5,000 crores and IVR AA/Stable for PDI of Rs. 650 crores, while assigning IVR AA/Stable for proposed PDI of Rs. 200 crores. All ratings carry a Stable outlook, indicating no change in the company's creditworthiness.
The reaffirmation of investment-grade ratings with Stable outlook is positive for shareholders, signaling the company's ability to service its debt obligations. The stable ratings should support investor confidence and potentially keep borrowing costs manageable.