Credit rating assigned for Rs 125 Crore NCD issuance
ARMANFIN · price
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On the reaction day the stock moved 4.1 pts more than Nifty Microcap 250 and 4.9 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Acuité Ratings has assigned ACUITE A- rating with stable outlook to Arman Financial Services for its proposed Non-Convertible Debentures worth Rs 125 crore. The rating is a fresh assignment for a new debt issuance and reflects investment grade credit quality.
Investment grade rating supports the company's plan to raise Rs 125 crore through NCDs, indicating healthy credit standing.