S&P revises IIFL Finance outlook to Positive, affirms B+ rating
IIFL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.2 pts less than Nifty Smallcap 250 and 1.8 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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S&P Global Ratings has revised the outlook on IIFL Finance from Stable to Positive and affirmed its long-term issuer credit rating at B+ and short-term at B. S&P also affirmed the B+ long-term rating on the company's outstanding US dollar denominated senior secured notes. A positive outlook indicates S&P may consider an upgrade over the next 12 to 24 months if conditions continue to improve.
Positive outlook revision reflects improving credit profile; may support lower borrowing costs and boost investor confidence.