IIFL Finance's Crisil ratings reaffirmed at AA/Stable and A1+
- Credit rating
- non-banking financial company
Reviewed byRachit TripathiBlacklitt Research
IIFL Finance (NSE: IIFL) had its credit ratings reaffirmed by Crisil Ratings Limited, which kept its long-term rating at Crisil AA/Stable for bank loan facilities and non-convertible debentures, it said in a filing on 06 Nov 2026. The short-term Crisil A1+ rating for commercial papers was also reaffirmed.
Key highlights
- Long-term rating: Crisil AA/Stable, reaffirmed
- PPMLD rating: Crisil AA/Stable, reaffirmed
- Commercial papers: Crisil A1+, reaffirmed
- Rating letter dated 06 Nov 2026
The ratings in numbers
| Item | Detail |
|---|---|
| Agency | Crisil Ratings Limited |
| Bank loan facilities and NCDs | Crisil AA/Stable, reaffirmed |
| Long Term Principal Protected Market Linked Debentures | Crisil PPMLD AA/Stable, reaffirmed |
| Commercial papers | Crisil A1+, reaffirmed |
| Rating letter date | 06 Nov 2026 |
What was reaffirmed
Crisil reaffirmed three ratings for IIFL Finance: a long-term AA/Stable rating for bank loan facilities and non-convertible debentures, AA/Stable for long-term principal protected market linked debentures, and A1+ for commercial papers. A reaffirmation keeps an existing rating unchanged rather than raising or lowering it.
The filing states that the ratings are hosted on Crisil's website, and it gives the link there. The filing is made under Regulations 30 and 51 read with Schedule III of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Context from the company's recent filings
The rating news comes after a run of capital and management filings for IIFL Finance. On 05 Nov 2026 the company reported the allotment of equity shares on exercise of ESOPs, and on 25 Oct 2026 it reported a change in directors. The latest quarter, Q2 FY27, showed consolidated total income of ₹4,248.21 crore, up 28.4% year on year, and net profit of ₹805.01 crore, up 92.6%.
The filing does not say whether the rating reaffirmation links to any of these events. A rating reaffirmation does not by itself change the rating amount or outlook, and the filing does not report any change to either.
What the rating reaffirmation means for IIFL Finance's shareholders
The reaffirmation leaves the company's existing Crisil ratings unchanged, and the filing reports no change in amount or outlook. The company's market value at the 06 Nov 2026 close was ₹26,707 crore at ₹625.75 a share.
The filing does not give the reasons Crisil gives for the reaffirmation, and it does not say whether the rating affects borrowing costs. The rating rationale is on Crisil's website, which the filing links to.
Filed with NSE on . Reference: Original filing (PDF)
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