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

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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