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Magma Fincorp credit ratings
Magma Fincorp has the following Credit Ratings –
| Instrument | Rating | Rating Agency |
|---|---|---|
| Rating Under Basel Guidelines | ||
| Fund Based & Non Fund Based from Banks | AA- | CARE |
| AA- | ICRA | |
| AA- | India Ratings | |
| Short Term Debt (Commercial Paper) | A1+ | CARE/CRISIL |
| Secured Redeemable Long Term Bond/Note | AA- | CARE |
| AA- | ICRA | |
| AA- | India Ratings | |
| Unsecured Subordinate Tier II Bonds | AA- | CARE |
| AA | SMERA | |
| AA | Brickwork | |
| Perpetual Debt Instruments | A+ | CARE |
| AA- | Brickwork |
Magma ITL Finance Ltd
| Instrument | Rating | Rating Agency |
|---|---|---|
| Long Term Bank facilities | A+ (SO) | CARE |
| A+ | ICRA | |
| Short Term Debt (Commercial Paper) | A1 | CARE |