MOFSL gets long-term rating upgrade to IND AA+/Stable from India Ratings
MOTILALOFS · price
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On the reaction day the stock moved 1.6 pts less than Nifty Midcap 150 and 1.5 pts less than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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India Ratings upgraded MOFSL's long-term credit rating to IND AA+/Stable from IND AA/Positive. Upgrade covers NCDs of Rs 271.6 cr and Rs 727 cr, and bank loan facilities of Rs 400 cr. Commercial papers of Rs 11,750 cr affirmed at IND A1+. Subsidiary Motilal Oswal Home Finance also upgraded. Rationale cites growing AUM, rising recurring fee income, strong capitalisation, and diversified business across broking, wealth, asset management, and housing finance.
Positive signal. Stronger business profile and earnings stability. May lower borrowing costs and boost investor confidence.