ICRA reaffirms rating of IIFL Finance Limited

ICRA Limited ("ICRA"), the credit rating agency, has reaffirmed the rating assigned to the short term debt programmes at "[ICRA] A1+" and the rating of "[ICRA]AA (with change in outlook from Negative to Stable) / PPMLD[ICRA]AA (with change in outlook from Negative to Stable)" to the long term debt programmes of IIFL Finance Limited ("IIFL").

ICRA has reaffirmed the rating assigned to the short term debt programmes at "[ICRA] A1+" and the rating of "[ICRA]AA (with change in outlook from Negative to Stable) / PP-MLD[ICRA]AA (with change in outlook from Negative to Stable)" to the long term debt programmes of IIFL Home Finance Limited ("IHFL") a wholly owned subsidiary of the Company.

Further we also hereby inform you that ICRA has upgraded the rating assigned to the short term debt programmes at "[ICRA] A1+" (upgraded from "[ICRA] A1") and the rating at "[ICRA]A+ (outlook Stable) (upgraded from "[ICRA]A") to the long term debt programmes of IIFL Samasta Finance Limited ("ISFL") a subsidiary of the Company.

Shares of IIFL Finance Limited was last trading in BSE at Rs. 289.20 as compared to the previous close of Rs. 291.25. The total number of shares traded during the day was 32673 in over 741 trades.

The stock hit an intraday high of Rs. 293.90 and intraday low of 285.40. The net turnover during the day was Rs. 9451276.00.

Source : Equity Bulls

Keywords

IIFLFinance INE530B01024 IIFL FinancialServices RatingUpdate OutlookChange