IDFC’s IDR is driven by its standalone credit strength

Singapore/Mumbai: Fitch Ratings has today affirmed India-based IDFC Limited’s (IDFC) Long-Term Issuer Default Rating (IDR) at ‘BBB-‘ with Stable Outlook. The rating has simultaneously been withdrawn. KEY RATING DRIVERS Fitch is withdrawing IDFC Limited’s rating as the rating is no longer considered to be relevant to the agency’s coverage because the company has demerged its

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