Monday, March 17, 2025 | 01:21 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

IL&FS' loans, debentures lose 'AAA' rating status on elevated debt level

ICRA said the revisions take into account the company's elevated debt levels owing to the funding commitments towards group ventures

IL&FS, Infrastructure Leasing and Financial Services, Mumbai
Premium

A logo of IL&FS (Infrastructure Leasing and Financial Services) is seen on a building at its headquarters in Mumbai. Photo: Reuters

Abhijit Lele Mumbai
Infrastructure Leasing & Financial Services Limited (IL&FS) has lost the "AAA" rating for its non-convertible debentures (NCDs) and loans on elevated debt levels for the funding commitments towards group ventures.  

Ratings agency ICRA has cut the long-term rating for IL&FS instruments (NCDs and terms loans) to "AA+". It, however, reaffirmed the "A1+" rating for commercial papers. 

Both the ratings have been placed under 'watch with developing implications'. 

In its statement, ICRA said the revisions take into account the company's elevated debt levels owing to the funding commitments towards group ventures.    

While IL&FS has recognised opportunistic asset monetisation as a key strategic

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in