Credit rating agency, Credit Analysis & Research (CARE) has revised the rating of non-convertible debentures (NCDs) of Future Capital Holdings (FCH) from 'A+' to 'AA-' for a limit of Rs 600 crore.
Further, the rating assigned in respect of the long-term bank facilities of the company for an amount of Rs 2,250 crore enhanced from Rs 850 crore for a maturity period of more than one year has also been revised from 'A+' to 'AA-'.
The instruments with the aforesaid ratings are considered to have a high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.
Future Capital Holdings is engaged into capital management and investing business. This non banking financial company is part of Future Group. FCH is amongst the fastest growing financial services company in India, with presence in asset advisory, retail financial services and proprietary research.
Company Name | CMP |
---|---|
Bajaj Finance | 6702.50 |
Shriram Finance | 2352.85 |
Aditya Birla Capital | 223.85 |
SBI Cards AndPayment | 692.15 |
Chola Invest & Fin. | 1238.00 |
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