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Poonawalla Fincorp’s long-term rating upgraded to ‘AAA’ by Care Ratings

03 Oct 2022 Evaluate

Credit rating agency -- Care Ratings has upgraded the long-term rating of Poonawalla Fincorp (PFL) and its subsidiary, Poonawalla Housing Finance (PHFL) to ‘AAA, Stable’. This rating is applicable for bank loan facilities, non-convertible debentures, market linked debentures and subordinated debt.

Poonawalla Fincorp (Formerly known as Magma Fincorp) is a non-deposit taking systemically important non-banking finance Company (ND-SI-NBFC), registered with the Reserve Bank of India (RBI).

Peers
Company Name CMP
Bajaj Finance 1034.20
Shriram Finance 1047.75
Aditya Birla Capital 394.85
Tata Capital 361.60
Chola Invest & Fin. 1830.05
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