IFCI assigns revised ratings bank facilities and other debt instruments

IFCI announced that based on recent developments including operational and financial performance of IFCI for the 9 months period ended 31 December 2014, CARE Ratings have revised the rating assigned to debt instruments of IFCI upward from 'CARE A' to 'CARE A+' for long term bank facilities and long term debt instruments, from 'CARE A1' to 'CARE A1+' for short term bank facilities and commercial paper and from 'CARE A-' to 'CARE A' for subordinate bonds.

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