Moody’s assigns IIFL Finance B1

Moody’s Investors Service said it assigned a B1 corporate family rating to IIFL Finance Ltd. The rating is under review for downgrade.

At the same time, Moody’s withdrew India Infoline Finance Ltd.’s B1 CFR.

The rating action follows the merger of India Infoline Finance with its immediate holding company IIFL Finance.

Moody’s transferred the B1 senior secured debt rating to IIFL Finance from India Infoline Finance. The senior secured debt rating also remains under review for downgrade.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.