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).