Credit rating agency, Brickworks Ratings India has revised the outstanding ratings of Capital First’s existing non-convertible debentures (NCD) issues from ‘AA -’ with stable outlook to ‘AA +’ with stable outlook and the same rating has also been assigned to the company’s proposed NCD issue.
Instruments with the aforesaid rating are considered to have a high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.
Capital First, formerly Future Capital Holdings, is amongst the fastest growing financial services company in India, with presence in asset advisory, retail financial services and proprietary research.
