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CARE Ratings assigns ‘A3’ rating to Religare Enterprises’ arm

27 Dec 2021 Evaluate

Credit rating agency -- CARE Ratings has assigned ‘A3’ rating to Religare Enterprises’ wholly owned subsidiary -- Religare Broking (RBL) for its short term bank facilities of upto Rs 350 crore. RBL already has the existing credit rating of ‘A4@’ - ‘on watch with negative implications’ from ICRA.

Religare Enterprises is one of India’s leading diversified financial services groups. It offers an integrated suite of financial services including asset management, life and health insurance, lending, broking, investment banking, and wealth management.

Peers
Company Name CMP
Bajaj Finserv 1731.20
TVS Holdings 11594.10
Cholamandalam Fin. 1377.45
Altius Telecom Infra 172.50
Kama Holdings 2235.75
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