Poonawalla Fincorp’s long-term rating upgraded to ‘AAA’ by Care Ratings
3rd Oct 2022

Credit rating agency -- Care Ratings has upgraded the long-term rating of Poonawalla Fincorp (PFL) and its subsidiary, Poonawalla Housing Finance (PHFL) to ‘AAA, Stable’. This rating is applicable for bank loan facilities, non-convertible debentures, market linked debentures and subordinated debt.

Poonawalla Fincorp (Formerly known as Magma Fincorp) is a non-deposit taking systemically important non-banking finance Company (ND-SI-NBFC), registered with the Reserve Bank of India (RBI).