IIFL Finance Limited has informed the Exchange regarding assignment and reaffirmation of Credit Ratings by Brickwork Ratings India Private Limited and Infomerics Valuation and Rating Limited.
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IIFL Finance received credit rating reaffirmations from two rating agencies. Brickwork Ratings maintained its AA+ rating for Rs 3,022 crore of Non-Convertible Debentures and AA/Stable for Rs 650 crore of Perpetual Debt Instruments. It also assigned AA/Stable for proposed new PDI of Rs 200 crore. Infomerics reaffirmed its A1+ rating for Rs 5,000 crore Commercial Paper programme and AA/Stable for existing PDI, while assigning AA/Stable for the proposed Rs 200 crore PDI. All ratings carry a Stable outlook, indicating no immediate concerns about the company's ability to meet debt obligations.
The reaffirmation of investment-grade ratings signals financial stability and healthy debt servicing capacity. This is positive for investors as it maintains borrower confidence and access to capital markets at favourable rates.