IFCI Ltd announced that ICRA Limited (ICRA) has reaffirmed the ratings of its debt instruments, specifically reaffirming the rating of ‘ICRA’ B+ for Fund based / Non-Fund based Bank Limits, ‘ICRA’ B+ for Long Term Bonds (including Subordinated Debt), and ‘ICRA’ A4’ for Commercial Paper; the rating action continues to be on Rating Watch with Developing Implications, and the detailed rating report can be referred to for further information.