Credit rating agency, Brickwork Ratings India has assigned ‘AA-’ rating with stable outlook to Future Capital Holdings (FCH) proposed unsecured subordinated non-convertible debentures (NCD) issue.
Further, the rating agency has revised the assigned rating in respect of the NCD issues of the company for Rs 300 crore with green shoe option of Rs 150 crore and Rs 250 crore from ‘A+’ to ‘AA-’ with stable outlook.
Future Capital Holdings is engaged into capital management and investing business. This non banking financial company is part of Future Group. FCH is amongst the fastest growing financial services company in India, with presence in asset advisory, retail financial services and proprietary research.
