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Last Updated On: 09-04-2011

What rating has Standard and Poor (S&P) assigned to IRFC? How does this compare with its ratings on other Indian public finance institutions?

IRFC’s rating is capped at the country’s sovereign foreign currency rating of ’BB/Positive’. The rating is based on its symbiotic relationship with the Indian government’s MoR and its favourable lease agreements with the MoR, which provide it liquidity support and protect its profitability.


Company     Standard & poor’s rating


IDBI                 BB/State

PFC                   BB/Positi