International credit rating agencies viz Fitch Ratings and Moody's Investors Service have today assigned the following credit ratings to India Infoline Finance Limited, a material subsidiary of IIFL Finance Ltd:
Fitch Ratings has assigned Long-Term Issuer Default Rating (IDR) of 'BB-' to India Infoline Finance Limited (IIFL). The Outlook is Stable. Fitch has also assigned a 'BB-' rating to IIFL's USD1 billion medium term note (MTN) programme.
Moody's Investors Service has assigned a first-time Ba3 corporate family rating (CFR) to India Infoline Finance Limited. Moody's has also assigned (P)Ba3 long-term foreign- and local-currency senior secured ratings to India Infoline Finance's USD1 billion Euro Medium Term Note (EMTN) program. The outlook is stable.
Shares of IIFL Finance Limited was last trading in BSE at Rs.165.1 as compared to the previous close of Rs. 169.65. The total number of shares traded during the day was 20916 in over 586 trades.
The stock hit an intraday high of Rs. 173.45 and intraday low of 162.3. The net turnover during the day was Rs. 3495082.