Credit rating agency, CARE has reaffirmed A+ rating to long term bank facilities worth Rs 11,425 crore of IFCI. The rating agency has also reaffirmed A1+ rating to short term bank facilities worth Rs 400 crore of the company.
The company has received the said rating reaffirmation on the back of its adequate capitalization, comfortable liquidity position, and moderate earnings and financial risk profile.
IFCI is engaged in providing corporate loans and project-specific loans to corporate. In addition, IFCI also invests in companies through equity, preference shares and debt instruments.
