Poonawalla Fincorp announced that CARE has upgrade its ratings and outlook on the company's debt instruments as under:
Long term bank facilities (Rs 9655.65 crore) - CARE AA+; Stable (revised from CARE AA- and removed from credit watch with developing implications)
Short term bank facilities (Rs 1100 crore) - CARE A1+ (assigned)
Long/ short term bank facilities (Rs 344.35 crore) - CARE AA+; Stable / CARE A1+ (Revised from CARE AA-/ CARE A1+ and removed from credit watch with developing implications)
Secured NCDs (Rs 280 crore) and Proposed secured NCDs (Rs 3061.60 crore) - CARE AA+; Stable (revised from CARE AA- and removed from credit watch with developing implications)
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
