Credit rating agency, CARE has reaffirmed ‘BB+’ rating to Arman Financial Services’ long-term bank facilities worth Rs 74.52 crore. The company has received the said rating on the back of its established track record along-with experienced and professional management, diversified operations in two segments viz. Asset backed finance & Microfinance and comfortable capital adequacy levels.
Arman Financial Services is engaged in the business of asset-backed vehicle financing (mainly two wheelers & three wheelers). It entered into the Joint Liability Group (JLG) microfinance business in 2009. The company has a database of 20,000 clients with proven credit worthiness which is advantageous for a personal loan or a repeat vehicle loan.
