IFCI gets revision in credit ratings

From Brickwork Ratings

IFCI announced that Brickwork Ratings, has revised the ratings of debt instruments of IFCI as under -

Long Term Debt Instruments from 'BWR A+' to 'BWR A-', and Secured NCDs from 'BWR AA+ (SO)' to 'BWR AA- (SO)', The outlook for Long Term Debt Instruments has been revised from 'Negative' to 'Stable' while maintaining 'Stable' outlook for Secured NCDs.

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