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ICRA reaffirms rating assigned to Magma Fincorp’s Bank Facilities

19 Apr 2018 Evaluate

The credit rating agency, ICRA has reaffirmed ‘AA-/Stable’ rating assigned to Magma Fincorp’s Secured Redeemable Bonds and Bank Facilities.

Magma Fincorp is a non-deposit taking NBFC registered with the Reserve Bank of India (RBI) as an asset finance company. It started operations two decades back and is now listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Peers
Company Name CMP
Bajaj Finance 1034.20
Shriram Finance 1047.75
Aditya Birla Capital 394.85
Tata Capital 361.60
Chola Invest & Fin. 1830.05
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