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ICRA revises outlook on Long Term Debt and Bank Borrowings of Manappuram Finance

22 Jan 2014 Evaluate

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.

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