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Moody’s downgrades IIFL Finance’s secured debt rating and changes outlook to stable
[ad_1] Moody’s downgraded the corporate family (CFR) rating of IIFL Finance Ltd and guaranteed debt from “B1†to “B2†due to the prospect of deteriorating asset quality and profitability due to ‘an increase in payment defaults and payment defaults. The rating outlook has changed from the rating under review to stable. Today’s rating action concludes …