Credit rating agency, CARE has assigned ‘AA’ rating to Edelweiss Financial Services' proposed long term debt issue of Rs 50 crore. Instruments with this rating are considered to have high degree of safety regarding the timely servicing of financial obligations and carry very low credit risk.
The company has always focused on creating a strong and liquid balance sheet that enables deployment of capital for launching and scaling up new businesses. The company’s total balance sheet size as on March 31, 2013 was Rs 14,528 crore. The company’s total borrowings as on March 31, 2013 were Rs 11,533 crore and has a net debt gearing of 2.8 times.
Edelweiss Financial Services is India’s leading diversified financial services company. It is engaged in the business of investment banking, brokerage services, asset management and financing.
