Muthoot Microfin Limited has informed the Exchange about Credit Rating
MUTHOOTMF · price
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Muthoot Microfin has informed the exchange that CRISIL Ratings has reaffirmed its credit ratings across all major instruments. The total long-term bank loan facilities of ₹10,000 crore retain the Crisil A+/Stable rating. Several non-convertible debenture (NCD) tranches have been reaffirmed at A+/Stable, though a few NCD limits were reduced from their original sizes (e.g., ₹200 crore to ₹158.2 crore, ₹65 crore to ₹20 crore, ₹75 crore to ₹5 crore), indicating partial prepayments or maturities. Additionally, a new Commercial Paper facility of ₹50 crore has been assigned a Crisil A1+ rating, the highest short-term rating.
Reaffirmation of the A+/Stable rating signals that CRISIL views the company's credit quality and repayment ability as unchanged, which is reassuring for shareholders and lenders. The scaling down of some NCD limits suggests active liability management, while the new A1+ commercial paper line confirms easy access to short-term funding at low cost.