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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