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…

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S&P upgrades its outlook on three Adani Group companies

S&P upgrades its outlook on three Adani Group companies

Mumbai: S&P Global Ratings has revised its outlook on three Adani Group entities-Adani Electricity Mumbai. (AEML), Adani Ports and Special Economic Zone (APSEZ), and Adani Green Energy Restricted Group 2-on the back of sustained operational strength and continued access to funding despite regulatory overhangs. Following its latest review, the agency affirmed the credit ratings of…

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