The various credit ratings have been assigned to the Long term bank facilities and Non-convertible debentures of the Company by the credit rating agencies viz. Acuite Ratings & Research Limited and CARE Ratings Limited that depicts powerful and exceptional growth of Finova. The details of the ratings assigned to the company are as under:
Sr. No. |
Name of credit rating agency |
Type of instrument |
Rating |
1. |
Acuite Ratings & Research Limited |
Long term Bank Facilities |
Acuite A/Stable |
2. |
Acuite Ratings & Research Limited |
Non-Convertible Debentures |
Acuite A/Stable |
3. |
Acuite Ratings & Research Limited |
Non-Convertible Debentures |
Acuite A/Stable |
4. |
Acuite Ratings & Research Limited |
Principal Protected Market Linked Non-Convertible Debentures |
Acuite PP-MLD A/Stable |
5. |
CARE Ratings Limited |
Long term Bank Facilities |
CARE A-; Stable |