IIFL Finance Limited — Credit Ratings, 03-01-2025: Credit Rating

Fitch Ratings has withdrawn the ‘B+’ rating assigned to IIFL Finance's USD 1 billion secured Medium Term Note Programme but has assigned a B+/Stable rating to the USD 1 billion Global Medium Term Note (GMTN) Programme. Additionally, the agency assigned an expected rating of ‘B+(EXP)’ and a recovery rating of ‘RR4’ to the proposed US dollar-denominated senior secured bonds under the GMTN Programme.

This credit rating action reflects IIFL Finance's financial health and is indicative of the company's ability to stabilize its debt levels amid fluctuations in revenue. The stable outlook suggests that investor sentiment may remain positive, leading to favorable borrowing costs going forward. The firm’s strategic direction will likely focus on maintaining stability while potentially exploring expansion opportunities in the fluctuating market. Overall, the adjusted ratings could enhance investor confidence and facilitate the company’s access to further financing if needed.