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)
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