Fitch upgrades outlook on IIFL Finance to positive

Fitch upgrades outlook on IIFL Finance to positive

Mumbai: Credit rating agency Fitch Ratings has revised the outlook on IIFL Finance‘s (IIFL) long-term rating to positive from stable, and affirmed the rating on IIFL’s senior secured debt at ‘B+’. The rating agency expects the company’s credit profile to improve over the next two years, particularly its business and risk profiles, asset quality and … Read more

Icra projects GDP growth at 8.5% in FY2022

Icra projects GDP growth at 8.5% in FY2022

With decline in number of fresh COVID-19 cases and easing of restrictions, the country’s gross domestic product (GDP) will grow at 8.5 per cent in FY2021-22, according to credit rating agency Ratings. It expects the gross value added (GVA) at basic prices (at constant 2011-12 prices) to grow at 7.3 per cent in FY2022. “The … Read more