The Hindu Business Line : ICRA rates IIFCL debt

ICRA has assigned an `LAAA (SO)' rating to the Rs 500 crore debt programme of India Infrastructure Finance Company Ltd (IIFCL). This triple A (Structured Obligation) rating is the highest credit-quality rating assigned by ICRA.A release issued by ICRA said that the rating was based on an unconditional and irrevocable guarantee issued by the Government ensuring that all repayment obligations would be met in a timely manner.

The rating also takes into account the strategic importance of IIFCL as a key institution to facilitate infrastructure development in the country and its sovereign ownership.

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