Fitch rates India Infoline F1(ind)

Fitch Ratings said it assigned a national short-term rating of F1(ind) to India Infoline Ltd., and affirmed its short-term debt program rating at F1(ind) for an enhanced amount of Rs. 2 billion from Rs. 1.5 billion previously.

The rating takes into account the company's improving capitalization, ongoing diversification of income streams and strong business growth due to robust equity markets, Fitch said.

However, the cyclical nature of its primary business of retail equity broking, its nascent consumer finance and institutional equity business and smaller equity constrain its rating, the agency said.

© 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.