Credit rating agency, CRISIL has assigned its ‘A1+’ rating to the Rs 3,000 crore short-term debt issue of Edelweiss Financial Services. The rating agency has reaffirmed its rating on the company’s short term debt at ‘A1+’.
The Edelweiss group has strong capitalisation, as indicated by its large net worth of Rs 3,000 crore (including minority interest) as on March 31, 2013. Thus, the group can withstand uncertainties in the financial markets.
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.
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