New Delhi: Rating agency ICRA today assigned the highest credit quality (A1+) to the Rs 3,000 crore short-term debt programme of Infrastructure Development Finance Company Ltd (IDFC).

The debt programme has been enhanced from Rs 2,000 crore to the existing level, ICRA said in a release.

The rating factors in the strength of the company's promoter institutions, besides its strong capitalisation. However, it is also constrained by the risks inherent in the infrastructure lending business.

IDFC, promoted by the Government of India, is a key financing institution to facilitate infrastructure development in the country.

Source : PTI