Fitch Ratings has upgraded IIFL Finance’s outlook to positive from stable, affirming its ‘B+’ senior secured debt rating. The agency anticipates improvements in the company’s credit profile over the next two years, including asset quality and funding diversity, following the lifting of RBI restrictions on gold loans.
Ahead of Market: 10 things that will decide stock market action on Monday
Indian equities extended losses for a fifth straight session, pressured by elevated oil prices and persistent FII outflows. Despite intraday recovery, sentiment remains weak amid