MoneyWorks4Me

Fitch Ratings affirms Muthoot Finance's Long Term Issuer Default ratings

23 Sep 2020 Evaluate

Credit rating agency -- Fitch Ratings has affirmed Muthoot Finance's ‘BB’ Long Term Issuer Default Ratings. Fitch Ratings has removed the Rating Watch Negative on the Issuer Default Rating and revised the Outlook to Stable. 

Muthoot Finance is a non-banking financial company (NBFC), which is engaged in providing loan (financing) against collateral of gold jewelry. The company offers gold loans, foreign inward money transfer services, foreign exchange services, insurance broking etc.

Peers