Manappuram Finance gets ratings revision for NCDs

From Brickwork Rating India

Manappuram Finance announced that the credit rating agency Brickwork Rating India has revised the credit rating for the Non Convertible debentures (NCDs) of the Company from BWR A+ (Outlook Stable) to BWR AA- (Outlook Stable). The Instrument with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit Risk.

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