Moody’s lifts IIFL Finance

Moody's Investors Service said it upgraded IIFL Finance Ltd.’s long-term corporate family rating to B1 from B2, foreign currency senior secured debt rating to B1 from B2, and foreign and local currency senior secured medium-term note program ratings to (P)B1 from (P)B2.

The agency said the upgrades are driven by strong momentum from the company's asset-light model that has improved its profitability, capital and funding.

The outlook remains stable.

© 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.