Emerging Credit Rating Limited (ECRL) has affirmed AAA (Pronounced as Triple A) long term credit rating and ST-1 short term credit rating to the IDLC Finance Ltd (From here on referred to as IDLCFL) based on audited financials of FY2011-2016 and other available information up to the date of rating. The outlook on the rating is Stable. The ratings are consistent with ECRL's methodology for this type of financial institutions. ECRL considered financial performance, capital base, asset composition, asset quality, earning trends, profitability, management experience and prospect of the industry while assigning the rating.
|Date of Declaration||Valid Till||Rating Action||Long Term Rating||Short Term Rating||Outlook|
|April 15, 2017||April 14, 2018||Surveillance||AAA||ST-1||Stable|
|April 15, 2016||April 14, 2017||Surveillance||AAA||ST-1||Stable|
|April 15, 2015||April 14, 2016||Surveillance||AAA||ST-1||Stable|
|May 09, 2014||May 08, 2015||Surveillance||AAA||ST-1||Stable|
|May 09, 2013||May 08, 2014||Surveillance||AAA||ST-1||Stable|
|May 09, 2012||May 08, 2013||Initial||AAA||ST-1||Stable|