Credit rating agency, India Ratings and Research (Ind-Ra) has upgraded the Long-Term Issuer Rating of Aditya Birla Finance (ABFL), a wholly owned subsidiary of Aditya Birla Capital to ‘AAA’ from ‘AA+’ with a Stable Outlook and affirmed the Short-Term Issuer Rating at ‘A1+’.
The credit rating agency has upgraded the Long-Term Issuer Rating of Aditya Birla Housing Finance (ABHFL), a wholly owned subsidiary of the company to ‘AAA’ from ‘AA+’ with a Stable Outlook and affirmed its Short-Term Issuer Rating at ‘A1+’.
Aditya Birla Capital is one of the largest financial services players in India.