Credit rating agency, CRISIL has upgraded the rating for the long term instruments of Equitas Holdings’ subsidiaries - Equitas Micro Finance and Equitas Housing Finance to ‘A/Stable’ from ‘A-/Stable’. Further, the company’s subsidiary -- Equitas Finance has been reaffirmed the rating of ‘A1’ for the short term debt instruments.
Equitas Holdings’ main business is microfinance. The company also offers other services such as housing finance, vehicle finance, loans against property and business loans to small and medium enterprises.