Credit Rating
EXECUTIVE SUMMARY
SURVEILLANCE RATING
OF
IIDFC PLC.
|
Declaration Date |
15.02.2023 |
13.01.2022 |
|
Long Term Entity Rating |
A+ (Single A Plus) |
AA (Double A) |
|
Short Term Entity Rating |
ST-2 |
ST-1 |
|
Outlook |
Developing |
Developing |
|
Expiry Date |
14.02.2024 |
10.02.2023 |
RATING BASIS
Ratings are based on last five years' Audited Financial Statements up to December 31, 2021 along with the other relevant Quantitative as well as Qualitative information provided by the Client up to the Date of Rating Declaration. NCR has followed Financial Institutions (Bank/NBFI) Rating Methodology as published on its website: www.ncrbd.com.
RATING DEFINITION
A+ (Single A Plus) rating in the long term indicates Very Good Credit Quality.
ST-2 rating in the short term indicates Above Average Ability to Meet Short-term financial commitments.
DEFINITION OF OUTLOOK
Developing indicates that the ratings may be raised, lowered or remain unchanged depending on changes in the performance indicators.