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.
