S&P upgrades IIFL Finance's outlook to positive on gold loans
after close1 source ↓written by the desknot a recommendation
Credit rating agency S&P Global Ratings has revised IIFL Finance's outlook to positive from stable, affirming its B+/B ratings. This change reflects the company's recovering market share in gold loans following the lifting of a central bank embargo. S&P expects IIFL to maintain strong capitalization and lower credit costs in the coming year.
Not investment advice. For informational purposes only.