IIFL Finance Receives Credit Rating Reaffirmation from ICRA and New Assignment from CRISIL
IIFL Finance Limited received credit rating updates from ICRA Limited and CRISIL Ratings Limited on February 12, 2026. ICRA reaffirmed [ICRA]AA (Negative) ratings for NCDs, Subordinated Debt Programme, and Long-Term Bank Lines, with [ICRA]A1+ for Commercial Paper. CRISIL assigned AA/Stable to Rs.2,000 crore NCDs and reaffirmed various ratings including CRISIL AA/Stable for Bank Loan Facilities. IIFL Home Finance Limited, the company's material subsidiary, also received rating reaffirmations from ICRA across multiple debt instruments.

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IIFL Finance Limited has received comprehensive credit rating updates from two prominent rating agencies, ICRA Limited and CRISIL Ratings Limited, as disclosed in a regulatory filing dated February 12, 2026.
ICRA Rating Reaffirmations
ICRA Limited has reaffirmed its credit ratings for IIFL Finance Limited across multiple debt instruments. The rating agency maintained its assessment with specific ratings for different financial products.
| Instrument Type | Rating |
|---|---|
| Non-Convertible Debentures | [ICRA]AA (Negative) |
| Subordinated Debt Programme | [ICRA]AA (Negative) |
| Long-Term Bank Lines | [ICRA]AA (Negative) |
| Commercial Paper Programme | [ICRA]A1+ |
CRISIL Rating Actions
CRISIL Ratings Limited took multiple rating actions for IIFL Finance Limited, including both new assignments and reaffirmations. The agency assigned a fresh rating to NCDs worth Rs.2,000 crore while maintaining its outlook on existing instruments.
| Instrument | Rating Action | Rating |
|---|---|---|
| NCDs (Rs.2,000 Crore) | Assigned | AA/Stable |
| Bank Loan Facilities & NCDs | Reaffirmed | CRISIL AA/Stable |
| Long Term Principal Protected Market Linked Debentures | Reaffirmed | CRISIL PPMLD AA/Stable |
| Perpetual Bonds | Reaffirmed | CRISIL AA-/Stable |
| Commercial Paper | Reaffirmed | CRISIL A1+ |
Subsidiary Rating Updates
ICRA also updated ratings for IIFL Home Finance Limited, a material subsidiary of IIFL Finance Limited. The subsidiary received comprehensive rating reaffirmations across its debt portfolio.
| IIFL Home Finance Instrument | Rating |
|---|---|
| NCDs Programme | [ICRA]AA (Negative) |
| Subordinated Debt Programme | [ICRA]AA (Negative) |
| Long-term Bank Lines | [ICRA]AA (Negative) |
| LT – Market linked Debenture | PP-MLD[ICRA]AA (Negative) |
| Commercial Paper Programme | [ICRA]A1+ |
Regulatory Compliance
The company disclosed these rating updates in compliance with Regulations 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The rating reports are available on the respective agencies' websites for detailed analysis and rationale.
The rating agencies have published detailed rationale reports on their websites, providing comprehensive analysis of the rating decisions for both IIFL Finance Limited and its subsidiary IIFL Home Finance Limited.
Historical Stock Returns for IIFL Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.49% | +1.13% | -19.45% | +16.20% | +52.06% | +129.51% |


































