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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 Provisional 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 BBB+; Stable

6.   

CARE Ratings Limited

Non-Convertible Debentures

CARE BBB+; Stable

 

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