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Brickwork Ratings reaffirms ‘AA-’ rating to IFCI’s NCD

31 Mar 2014 Evaluate

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.

Peers
Company Name CMP
Power Finance Corpn. 345.00
REC 310.85
NHIT 168.00
Satin Creditcare Net 229.70
IFCI 69.61
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