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The latest update is out from Poonawalla Fincorp Limited ( (IN:POONAWALLA) ).
Poonawalla Fincorp Limited has disclosed that CRISIL Ratings has reaffirmed its top-tier long-term rating at CRISIL AAA/Stable and short-term rating at CRISIL A1+ for various debt instruments, including substantial non-convertible debentures, subordinated debt and commercial paper. CRISIL has also assigned and reaffirmed AA+/Stable ratings to the company’s perpetual bonds, underscoring strong creditworthiness that should help sustain competitive borrowing costs and reinforce investor confidence in its funding profile.
More about Poonawalla Fincorp Limited
Poonawalla Fincorp Limited is a non-banking financial company operating in India, focused on retail and small business lending through instruments such as term loans, non-convertible debentures, subordinated debt and commercial paper. The company raises funds in domestic capital markets and relies on external credit ratings to support its borrowing costs and access to long-term and short-term financing.
Average Trading Volume: 96,732
Technical Sentiment Signal: Hold
Current Market Cap: 325.6B INR
For an in-depth examination of POONAWALLA stock, go to TipRanks’ Overview page.