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CARE assigns rating to Edelweiss Financial Services’ NCD

17 Jan 2014 Evaluate

Credit rating agency, CARE has assigned ‘AA’ rating to Edelweiss Financial Services’ Non-Convertible Debentures worth Rs 100.00 crore. The rating factors in the diversified business profile of EFSL (consolidated basis), strong loan portfolio growth with good asset quality, strong capitalisation and comfortable liquidity profile. The rating also takes into account the well-qualified and experienced management team, established institutional equity broking business and good retail distribution network.

Edelweiss Financial Services (EFSL) 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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