The rating agency has given an A1+ rating, which is the highest credit-quality rating assigned to short-term debt instruments by the agency.
Instruments rated in this category carry the lowest credit risk in the short-term, a press release issued here stated.
The rating takes a note of recent proposed change in the shareholding of IFSL's parent, IL&FS Investsmart Limited, with HSBC becoming a major shareholder.
The rating-re-affirmation reflects the strong parentage of IIL in the form of HSBC, having strong business and financial profile, strategic importance for HSBC to get a foothold in Indian retail equity broking business, the release said.
The rating factors in IFSL's dependence on its parents' equity broking business, which is prone to cyclical downturns.
The rating is supported by IFSL's adequate capitalisation, comfortable liquidity, improving profitability and adequate risk management systems, the release said.
