CareEdge reaffirms BB- rating; outlook revised to Positive
MUTHOOTMF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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CareEdge Global reaffirmed Muthoot Microfin's foreign currency rating at CareEdge BB- and revised the outlook to Positive from Stable for the USD 15 million external borrowing and proposed USD 35 million borrowing. Gross bad loans fell to 3.7% in June 2026 from 4.9% a year earlier; Q1FY27 profit was Rs 0.81 billion and capital adequacy was 24.9%.
Positive outlook and improving asset quality support lender confidence, but the unchanged sub-investment-grade rating and macro risks may keep funding costs high.