ESAF SFB Tier II Bonds rating upgraded to BWR A-/Stable by Brickwork
ESAFSFB · price
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On the reaction day the stock moved 4.0 pts more than Nifty Microcap 250 and 4.1 pts more than its Other Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Brickwork Ratings upgraded ESAF Small Finance Bank Tier II Bonds (Basel III) worth Rs 20 Crore from BWR BBB+/Stable to BWR A-/Stable. The upgrade reflects improved asset quality (Net NPA down to 0.8 percent in Q1FY27 from 3.8 percent a year ago), return to profitability with Q1FY27 PAT of Rs 80 Crore, and strong capital adequacy with CRAR at 23.90 percent.
Positive for the bank: better credit profile may lower future borrowing costs and signals improved financial health to bond investors.