Five-Star Business Finance Limited has informed the Exchange about Reaffirmation of Credit Rating.
FIVESTAR · price
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CARE Ratings has reaffirmed Five-Star Business Finance's long-term bank facilities rating at CARE AA- (high safety, very low credit risk). The outlook has been upgraded from Stable to Positive, reflecting improved expectations on the company's credit profile. Total rated bank facilities stand at Rs. 500 crore, reduced from the earlier Rs. 1,847 crore, across term loans and fund-based limits from banks like SBI, HDFC, Axis, and others. The review was based on the company's FY25 audited operational and financial performance.
This is a positive signal for shareholders — a higher outlook suggests CARE Ratings sees improving financial strength and lower default risk, which could support the company's borrowing costs and lender confidence going forward.