IFCI receives downgrade in credit ratings from Brickwork Ratings
IFCI has received revision in credit rating from Brickwork Ratings as under:
Long term debt instruments - BWR BBB-; Negative (downgraded from BWR BBB+; Negative)
Proposed NCD - BWR BBB-; Negative (downgraded from BWR BBB+; Negative)
Secured NCD - BWR BBB+; Negative (downgraded from BWR A+; Negative)
Proposed commercial paper - BWR A3+ (downgraded from BWR A2+)
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First Published: Jul 20 2021 | 6:26 PM IST