IIFL Finance Ltd announced that Acuite Ratings downgraded the credit rating of its material subsidiary, IIFL Samasta Finance Ltd, from ACUITE AA to ACUITE AA- for Rs. 3000 Crore Non-Convertible Debentures, while reaffirming the short-term rating of ACUITE A1+ for Rs. 50 Crore Commercial Paper, with a stable outlook.