Poonawalla Fincorp receives upgrade in credit ratings from Brickwork Ratings

Poonawalla Fincorp announced that Brickwork Ratings India has upgraded its ratings and outlook on the company's instruments as under:

Secured NCDs (Rs 201.41 crore) - BWR AA+/ Stable (upgraded from BWR AA-/ Credit watch with developing implications)

Subordinated NCDs (Rs 230 crore) - BWR AA+/Stable (upgraded from BWR AA-/Credit watch with developing implications)

Perpetual Debt Instrument (Rs 72.10 crore) - BWR AA/Stable (upgraded from BWR AA-/Credit watch with developing implications)

Powered by Capital Market - Live News