Hot Pursuit
Poonawalla Fincorp Ltd announced credit rating actions from CRISIL, with ratings awaiting further details from other agencies. CRISIL reaffirmed the rating of “AAA/Stable” with an enhancement from Rs.15285 Crore to Rs.19785 Crore for Total Bank Loan Facilities, alongside reaffirming the short-term rating of “A1+” for the same facilities; additionally, CRISIL assigned a rating of “AAA/Stable” to Subordinated Debt amounting to Rs.600, assigned a rating of “AAA/Stable” to Non-convertible Debentures totaling Rs.9000, reaffirmed a rating of “AAA/Stable” to Non-convertible Debentures amounting to Rs.10000, reaffirmed a rating of “AAA/Stable” to Non-convertible Debentures totaling Rs.2375, reaffirmed a rating of “AAA/Stable” to Non-convertible Debentures amounting to Rs.7750, reaffirmed a rating of “AAA/Stable” to Non-convertible Debentures amounting to Rs.6700, reaffirmed a rating of “AA+/Stable” to Perpetual Bonds totaling Rs.171.4, reaffirmed a rating of “AA+/Stable” to Perpetual Bonds amounting to Rs.16.9, reaffirmed a rating of “AA+/Stable” to Perpetual Bonds amounting to Rs.1500, reaffirmed a rating of “AAA/Stable” to Subordinated Debt amounting to Rs.1715, reaffirmed a rating of “AAA/Stable” to Subordinated Debt amounting to Rs.140, reaffirmed a rating of “A1+” to Commercial Paper totaling Rs.7500, did not assign a rating to Non-convertible Debentures amounting to Rs.575, and withdrew a rating for Perpetual Bonds amounting to Rs.4.7.
