IIFL Finance Limited — Credit Ratings, 31-10-2024: Credit Rating

IIFL Finance Limited’s subsidiary, IIFL Samasta Finance Limited, has had its long-term credit rating downgraded from ACUITE AA to ACUITE AA- by Acuite Ratings & Research, although the outlook remains stable. The negative implications previously associated with the rating watch have been removed. Additionally, the short-term rating of ACUITE A1+ for the subsidiary's proposed Commercial Paper has been reaffirmed, with the negative watch also removed.