Fitch Ratings has affirmed India-based infrastructure finance company IDFC's Long-Term Issuer Default Rating (IDR) at 'BBB-'. The Outlook is Stable. The affirmation of the company's IDR with a Stable Outlook is driven by its stand-alone credit strength and the expectation that this is unlikely to change in the near- to medium-term even though IDFC is building its banking business after receiving an in-principle banking license in April 2014.
IDFC is the country’s leading integrated infrastructure finance player providing end to end infrastructure financing and project implementation services.
