IIFL Finance Limited — Updates, 16-12-2025: Press Release

S&P upgraded IIFL Finance's outlook to 'Positive' from 'Stable' on strong gold loan market share recovery, affirming 'B+/B' ratings. Gold loan AUM grew 2.2x. Expect very strong capitalization, improved return on assets (2.3-2.6%), and lower credit costs (peaked at 3.5%, seen dropping to 2.2-2.3%).