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India Ratings revises long-term rating of Religare Enterprises to ‘AA-’

13 Nov 2013 Evaluate

Credit rating agency, India Ratings & Research has revised the long term rating of Religare Enterprises from ‘AA-‘with negative outlook to ‘AA-‘with stable outlook for its outstanding credit facility of Rs 722 crore.

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.

Peers
Company Name CMP
Bajaj Finserv 1771.00
TVS Holdings 12493.90
Cholamandalam Fin. 1433.10
Altius Telecom Infra 175.00
Kama Holdings 2204.55
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