Wednesday, January 15, 2014

CARE upgrades MHFC credit rating to BBB+

CARE upgrades MHFC rating to BBB+ (revised from BBB) - for Rs 100 cr long term bank facilities - see link below for more details:

CARE rating rationale

"The rating revision takes into account substantial capital infusion in the company, growth in the portfolio and profits, and good asset quality performance with no NPAs till date."