Crisil upgrades long-term debt rating of Muthoot Finance to AA positive ...Middle East

Crisil Ratings has upgraded its ratings on long-term debt facilities of Muthoot Finance to AA positive with a stable outlook from AA.The upgrade is driven by Muthoot Finance's demonstrated ability to profitably scale up its core gold loan business while maintaining its strong financial risk profile.The rating rationale said established track record and brand name in gold financing industry, strong capitalisation and profitability among the best in industry which is expected to remain healthy are the strengths of Muthoot Finance.The change from AA to AA positive signifies reaching the highest standing in the category and the rating is just one level below AAA rating, which is the highest rati

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