Muthoot Finance Ltd ( (IN:MUTHOOTFIN) ) has issued an update.
S&P Global Ratings has upgraded Muthoot Finance Limited’s long-term issuer rating to ‘BB+/B’ with a stable outlook, reflecting the company’s excellent capital and earnings and its ability to maintain asset quality through its gold loan portfolio. This upgrade underscores the confidence of external stakeholders in Muthoot’s financial resilience and stability, as the company continues to strengthen its balance sheet, enhance operational efficiencies, and execute sustainable growth strategies.
More about Muthoot Finance Ltd
Muthoot Finance Limited is a prominent player in the gold loan market, primarily focusing on loans against gold jewelry. Despite being relatively small in the broader Indian financial sector, the company benefits from strong brand recognition and a proven track record in gold loans, allowing it to maintain a strong market position amidst increasing competition.
YTD Price Performance: 3.38%
Average Trading Volume: 9,577
Current Market Cap: 882.1B INR
See more insights into MUTHOOTFIN stock on TipRanks’ Stock Analysis page.