Fitch Upgrades IIFL Finance to 'BB-'; Outlook Stable
Fitch Ratings has upgraded IIFL Finance's long-term issuer default rating to 'BB-' due to improved asset quality and a pivot toward secured lending. The company's gold-backed loan business has seen a rebound following the removal of regulatory restrictions.
MUMBAI, India , Aug. 18, 2026 /PRNewswire/ -- IIFL Finance Limited, which is one of India's leading non-banking financial companies today said that Fitch Ratings has upgraded IIFL Finance (IIFL) Long-Term Issuer Default Rating (IDR) to 'BB-' from 'B+'. The Outlook is Stable. Fitch has also upgraded the senior secured debt and global medium-note programme (GMTN) ratings to 'BB-' from 'B+'.
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