Credit rating agency ICRA has revised the outlook on the outstanding rating of ‘A+’ on the Long Term Debt and Bank Borrowings of Manappuram Finance from ‘Negative’ to ‘Stable’.
Manappuram Finance is a non-deposit taking NBFC and having a strong presence in South India in states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh and had 2,908 branches across India at the end of FY’12.