IIFL Finance Ltd updates on ratings

CRISIL Ratings, the credit rating agency, has revised its rating outlook on the long-term debt instruments and bank facilities of IIFL Finance Ltd to 'Stable' from 'Negative' and reaffirmed the long term rating at 'CRISIL AA/CRISIL PPMLD AAr' as well as the short term rating at 'CRISIL A1+'.

CRISIL has revised its rating outlook to 'Stable' from 'Negative' on the long-term debt instruments and bank facilities of IIFL Home Finance Limited (“IHFL”) a wholly owned subsidiary of the Company and reaffirmed the long term rating at 'CRISIL AA/CRISIL PP-MLD AAr' as well as the short term rating at 'CRISIL A1+'.

Shares of IIFL Finance Limited was last trading in BSE at Rs.295.05 as compared to the previous close of Rs. 281. The total number of shares traded during the day was 14517 in over 623 trades.

The stock hit an intraday high of Rs. 295.05 and intraday low of 282.85. The net turnover during the day was Rs. 4193266.

Source : Equity Bulls

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