Credit rating agency, CARE has reaffirmed ‘BBB (Stable)’ rating assigned to CSL Finance’s long-term bank facilities worth Rs 60 crore. The rating assigned to the long-term bank facilities of CSL Finance (CSLFL) continue to factor in its experienced promoters, comfortable capital adequacy, good asset quality, secured lending portfolio and healthy growth in operations and profitability.
The rating, however, is constrained by the company’s high exposure to real estate sector, nascent risk management systems, concentration of its loan portfolio in terms of geography and borrowers and relatively short track record of operations in lending business.
