Crisil Reaffirms Credit Ratings for IIFL Finance Ltd Across Various Debt Instruments
Crisil Ratings Limited has reaffirmed its credit ratings for IIFL Finance Limited, recognizing the company's standing across multiple debt instruments, including bank loan facilities, non-convertible debentures, and commercial papers.The ratings reaffirmation covers various financial obligations of IIFL Finance Ltd, with specific ratings assigned to different tranches of debt.
The reaffirmed ratings and corresponding amounts are detailed below:
| Instrument Type | Amount | Crisil Rating |
|---|---|---|
| Bank Loan Facilities | Rs. 11,493 Crore | AA/Stable |
| Non-Convertible Debentures | Rs. 11,398.56 Crore | PPMLD AA/Stable |
| Long Term Principal Protected Market Linked Debentures | Rs. 859 Crore | PPMLD AA/Stable |
| Perpetual Bonds | Rs. 300 Crore | AA-/Stable |
| Commercial Papers | Rs. 9000 Crore | A1+ |
This reaffirmation solidifies the credit structure of IIFL Finance Limited across its varied financing portfolio. Crisil Ratings Limited provided the ratings for these debt instruments, providing clarity on the credit standing associated with each segment of the company's financial obligations.
IIFL Stock Price Movement
As of 11:37 AM, shares of IIFL Finance Limited are slipping by 3.45% in live trading, currently priced at ₹672.40 as the market continues its session. The stock has shed ₹24.00 intra-day, amidst a volume exceeding 5.5 million shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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