IIFL Finance outlook upgraded to positive by S&P
pre-market1 source ↓written by the desknot a recommendation
IIFL Finance Ltd. received a positive outlook upgrade from Standard and Poor’s, reflecting its strengthening market share in gold loans. This follows the lifting of a central bank embargo on new gold loan disbursements. S&P expects credit costs to peak this fiscal year, with a projected RAC ratio decline to 18-19% over the next two years.
Not investment advice. For informational purposes only.