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Muthoot Finance’s Credit Rating Upgraded by Fitch

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Muthoot Finance’s Credit Rating Upgraded by Fitch

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Muthoot Finance Ltd ( (IN:MUTHOOTFIN) ) has shared an announcement.

Fitch Ratings has upgraded Muthoot Finance Limited’s issuer credit rating from ‘BB’ to ‘BB+’ with a stable outlook. This revision reflects positively on the company’s financial stability and could enhance its reputation in the financial markets, potentially leading to improved stakeholder confidence and better access to capital.

More about Muthoot Finance Ltd

Muthoot Finance Ltd is a prominent financial services company in India, specializing in gold financing. It primarily offers loans secured against gold jewelry, catering to individuals and businesses seeking quick access to funds. The company operates extensively across India, focusing on leveraging its strong brand presence and extensive branch network to maintain its leadership in the gold loan market.

Average Trading Volume: 30,781

Technical Sentiment Signal: Buy

Current Market Cap: 1073.2B INR

For an in-depth examination of MUTHOOTFIN stock, go to TipRanks’ Overview page.

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