IIFL Finance faces downgrade risk on gold loan ban
Thu, Sep 19, 2024 12:52 PM

IIFL Finance faces downgrade risk on gold loan ban

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Indian shadow lender IIFL Finance Ltd is facing a threat of credit rating downgrade as early as this week, as a months-long regulatory ban on its gold loan business remains unresolved, according to people familiar with the matter. A local rating agency has informed the company about a possible rating change from AA to AA-, said the people, who asked not to be identified as the information.

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