Credit rating agency, CARE has reaffirmed ‘A+’ rating to PTC India Financial Services’ Non Convertible Debentures (NCDs) worth Rs 300 crore. The company has received the said rating on the back of its moderate liquidity position, good asset quality, diversified funding profile and maturing loan book with higher proportion of commissioned projects.
PTC India Financial Services continues to maintain a strong focus on growing its loan book, backed by emphasis on renewable energy and diversification across the energy value chain. The company maintains a diversified borrowing mix and is adequately funded to scale up its lending activity and achieve sustained growth. The current equity investment exit will further aid headroom for growth.
Company Name | CMP |
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Bajaj Finance | 7293.90 |
Shriram Finance | 2430.10 |
Aditya Birla Capital | 229.60 |
SBI Cards AndPayment | 758.15 |
Chola Invest & Fin. | 1151.95 |
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