India Ratings upgrades Muthoottu Mini Financiers debts instruments Ratings ...Middle East

KOCHI, India, Aug. 31, 2021 /PRNewswire/ -- Followed by the Care Ratings, India Ratings & Research has upgraded the ratings of NCD and bank loans of Muthoottu Mini Financiers' to BBB+ Stable. Stable asset quality despite Pandemic led challenges, improved profitability backed by better operational efficiency, ample liquidity, adequate capital buffers and long track record in the gold lending sector leveraged the progress. Muthoottu Mini has upgraded its ratings twice during this fiscal despite the adversities of Covid-19.

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