IIFL Finance Credit Ratings Reaffirmed and Assigned by Brickwork Ratings
Brickwork Ratings reaffirms 'BWR AA+/Stable' for IIFL Finance's NCDs worth ₹1,022.04 crore and assigns 'BWR AA+/Stable' to new NCDs of ₹2,000 crore.
The credit rating reaffirmation and assignment can positively influence investor confidence and borrowing costs for the company.
The reaffirmation and assignment of credit ratings indicate a positive assessment of the company's financial stability and creditworthiness.
* Brickwork Ratings India Pvt. Ltd. has reaffirmed the BWR AA+/Stable rating for Non-Convertible Debentures (NCDs) amounting to ₹1,022.04 crore of IIFL Finance Limited. * The rating agency has also reaffirmed BWR AA/Stable for Perpetual Debt Instrument. * BWR has assigned a rating of BWR AA+/Stable to NCDs issued to the public amounting to ₹2,000 crore.
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IIFL Finance Limited filed this with the NSE as a statutory disclosure, categorised under credit ratings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by IIFL Finance Limited. Read the original for the full detail.