IIFL Finance Limited receives Fitch rating of 'B+' on $500M Senior Secured Notes
IIFL Finance · Finance
Key highlights
- Fitch Ratings assigned a final rating of 'B+' and Recovery Rating of 'RR4' to IIFL Finance's $500 million 7.60% senior secured notes due September 2029.
- The notes are secured by specified assets and receivables, subject to covenants including maintaining regulatory capital and net 90-day NPL ratio ≤ 5%.
- Fitch’s rating was confirmed after receiving final documentation; the notes are issued under RBI's external commercial borrowings framework.
Why it's rated notable: amount is ₹500 crore or more
Original filing
Announcement under Regulation 30 (LODR)-Credit Rating
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from IIFL Finance
- Acquisition / mergerMajor developmentIIFL Finance Sept 2026 results; R Venkataraman re-designation awaits members' approval
- Acquisition / mergerMajor developmentIIFL Finance Q2 PAT ₹805.01 crore; Joint MD re-designation awaits members' approval
- Credit ratingNotableIIFL Finance Limited's Credit Rating Upgraded by Fitch Ratings to 'BB-'
- Financial resultsMajor developmentIIFL Finance reports June 2026 quarter results; Amit Sharma steps down
- Fundraise / allotmentNotableIIFL Finance Limited allots USD 300 million Fixed Rate Senior Secured Notes
Other credit rating filings this fortnight
- Zeal Aqua bank loan ratings cut to IVR BB+/Negative, moved to Issuer Not Cooperating
- Juniper Green Energy Q2 FY27: total income ₹371.64 Cr, up 132%; PAT ₹53.56 Cr
- Mangalam Global: Infomerics rates loans Rs. 248.45 Crore IVR BBB/Negative, Issuer Not Cooperating
- Shree Refrigerations Limited H1 FY27 Net Profit Up 360.9%; CARE Upgrades Rating
- IDBI Bank's long-term rating placed on Watch with Developing Implications by ICRA
- Archean Chemical's Rs.1531 crore bank facilities downgraded by CRISIL to A-/Stable
Potential multibaggers · Q2 FY27
Potential multibaggers in Finance
on management's own guidance
- Strong growth2
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.