Manappuram Finance has informed that CRISIL has upgraded its rating on the long-term bank facility and non-convertible debentures of the Company to CRISIL AA-/Stable from CRISIL A+/Stable, while reaffirming the rating on short-term debt at CRISIL A1+. This is attributed to the improvement in business risk profile, stable operating environment and also factors in the Company’s strong earnings profile.
The above information is a part of company’s filings submitted to BSE.