Paisalo Digital Limited has informed the Exchange about Credit Rating- Additional New Credit Rating
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Paisalo Digital Limited has obtained a new credit rating from Brickwork Ratings India Private Limited for its proposed Non-Convertible Debentures (NCDs). The rating assigned is BWR AA with a Stable outlook for NCDs aggregating to Rs. 1,500 crores. This is an additional rating, as the company already has existing ratings from Infomerics Analytics and Research. Obtaining a second rating typically indicates the company is preparing to raise fresh debt through NCDs, likely to diversify its funding sources or expand its borrowing program.
The BWR AA/Stable rating signals strong creditworthiness and low default risk, which is favorable for shareholders as it means the company can raise debt at competitive rates. The large proposed NCD size of Rs. 1,500 crores suggests significant future borrowing, which could fund business growth but also increase the company's debt obligations.