Announced Tue, 30 Jun · 15:11 IST
Moody's assigns Ba3 rating to IIFL Finance with stable outlook
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
+0.7%1-day move
₹491.60
prior close
₹508.50
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-0.3-0.3—+0.7+5.5+5.7+7.2+6.8+11.1+16.2———
Up moveDown movePending
AI summary
Moody's assigned IIFL Finance a Ba3 corporate family rating with stable outlook and a provisional (P)Ba3 rating on its existing USD 1 billion Global Medium Term Note program. Ba3 sits in the speculative grade range. Problem loans fell to 1.5 percent from 2.2 percent and net income to assets rose to 2.3 percent. Capital ratio declined to 15.6 percent from 18.4 percent. Total assets are Rs 700.1 billion.
Likely market impact
Ba3 is below investment grade, indicating higher credit risk; but stable outlook and improving asset quality limit near-term impact on the stock.