NSECredit Rating- Revision3 Sept 2026 · 3 Sept 2026, 04:03 pm

Credit Rating- Revision

Indian Railway Finance Corporation Limited · IRFC

✦ AI SummaryRating Change

Indian Railway Finance Corporation Limited has informed the Exchange about revision in credit rating and outlook. The long-term issuer credit rating and outlook of the Company/IRFC has been revised to 'A-' with Stable outlook from 'A++' with Stable outlook by JCR through its email dated 03rd September, 2026.

Analysis Scores

Earnings Impact0/10
Growth Catalyst0/10
Governance Concern0/10
Regulatory Risk0/10
Balance Sheet Risk0/10
Liquidity Impact0/10
Market Sentiment5/10

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Full Announcement

Indian Railway Finance Corporation Limited has informed the Exchange about Credit Rating- Revision

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IRFC_03092026160253_Intimationofrevisionincreditrating.pdf

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EE ERE FTEiH rtlrH:6 (lTRd tTTi}TT ffl Gt]q) (di3TTto L65910DL1986G01026363) qap ckFT qS tick, fr tiat, Tire tail, `ha fro nd, rfu RE,cleft ds, * fan _ 1 1 0003 {{tm +9 1-oil-2436 i48o €-fu' ijrfe@jjjceQ|EL aqtTT¥ httos / ^rfc.co.in INDIAN RAILWAY FINANCE CORPORATION LTD. (A Goverilment of [iidici Enterpr`se) (CI\T: L65910DL 1986G01026363) Ri`gcl Of[ice lJ'G FLooi., Ec``t Tow'er, .\BCC Place, Bhisham Pitamali lylarg, Pr{iga[i Vihcir, Loithi Roc`d, t`e\\' Dc`lhi ~11()()()`. Phone: +91-011-21361J80 E-mail: info@irfc.co.in Website h[tps.//irfc.co.in/ IRFC/SE/2026-27/43 03rd september, 2026 National Stock Exchange of India Limited BSE Limited Listing department, Exchange Plaza, Listing Dept / Dept of Corporate Services, Bandra-Kurla Complex, Bandra (E) P) Towers, Dalal Street, Mumbai -400 001 i Mumbai-400 051 I Scrip Symbol: IRFC Scrip Code: 543257 Sub: Intimation of revision in credit rating and its outlook Sir/ Madam, Pursuant to regulation 30 & 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable regulations, it is hereby informed that |apan Credit Rating Agency, Ltd. (]CR) through Its email dated 03rd September, 2026 has communicated revision in the long-term issuer credit rating and outlook of the Company/IRFC to `A-I wlth Stable outlook from `888+' with Stable outlook. This is submitted for your information and record. Thanking You, For Indian Railway Finance Corporation Limited (Vijay Babulal Shirode) Company Secretary & Compliance Officer z=EEiil