Fitch upgrades IIFL Finance rating to BB- on credit profile improvement
after close1 source ↓written by the desknot a recommendation
Fitch Ratings has upgraded IIFL Finance Ltd's long-term issuer default rating to BB- from B+ due to enhancements in its credit profile and asset quality. The stable outlook reflects improved business and risk profiles, alongside a rebound in loan growth following the lifting of regulatory restrictions on its gold-backed lending business in September 2024. This upgrade signals positive momentum for the NBFC sector.
Not investment advice. For informational purposes only.