CARE reaffirms MAS Financial AA- rating with stable outlook

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MASFIN · price

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Price reaction · full curve 14 horizons · vs prior close

-0.7%1-day move

₹312.00

prior close

₹310.00

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AI summary

CARE Ratings has reaffirmed MAS Financial's long-term rating of AA- with stable outlook across bank facilities of Rs 8,600 crore and multiple NCDs, and assigned AA- to a new Rs 500 crore NCD. Short-term commercial paper of Rs 250 crore reaffirmed at A1+. Two older NCDs withdrawn after full redemption. FY26 consolidated AUM grew to Rs 15,304 crore, PAT up 20% to Rs 376 crore. Asset quality slightly weaker with gross stage 3 at 2.47%.

Likely market impact

Rating reaffirmed at AA- signals steady credit quality. AUM growth, profit rise and stable outlook are supportive for shareholders.