Fitch upgrades IIFL Finance rating to BB- on improved profile
pre-market1 source ↓written by the desknot a recommendation
Fitch Ratings has upgraded IIFL Finance's long-term issuer default rating to BB- from B+ due to enhancements in its credit profile and asset quality. The agency assigned a stable outlook, reflecting improved business and risk profiles, along with a rebound in loan growth following the lifting of regulatory restrictions on gold-backed lending. 📈
This upgrade indicates a stabilisation of asset quality and credit losses, which may positively influence investor sentiment and trading activity in the NBFC sector.
Not investment advice. For informational purposes only.