Brickwork Ratings has reaffirmed ‘AA-’ rating to IFCI’s NCDs .The outlook for rating has been revised from ‘Positive’ to ‘Stable’.
IFCI was established with an intention to provide long-term finance needs of the industrial sector. It got listed in the year 1993 changed its status from statutory corporation to a company. It founded and developed various institutions namely ICRA for credit assessment rating, Tourism Finance Corporation of India (TFCI) for promotion of the hospitality industry, among others.