India Infoline Finance receives credit ratings from Fitch and Moody's

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Capital Market
Last Updated : Jan 29 2020 | 10:31 AM IST
IIFL Finance announced that international credit rating agencies viz Fitch Ratings and Moody''s Investors Service have assigned the following credit ratings to India Infoline Finance, a material subsidiary of the Company:

1) Fitch Ratings has assigned Long-Term Issuer Default Rating (IDR) of ''BB-'' to India Infoline Finance (IIFL). The Outlook is Stable. Fitch has also assigned a ''BB-'' rating to IIFL''s USD1 billion medium-term note (MTN) programme.

2) Moody''s Investors Service has assigned a first-time Ba3 corporate family rating (CFR) to India Infoline Finance. Moody''s has also assigned (P)Ba3 long-term foreign- and local-currency senior secured ratings to India Infoline Finance''s USD1 billion Euro Medium Term Note (EMTN) program. The outlook is stable.

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First Published: Jan 29 2020 | 10:12 AM IST

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