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Customers should not respond to any messages or call asking for the OTP to avail offers or for payment of their EMI’s.
Please ensure that you collect valid money receipts for all your payment transactions immediately OR get an SMS acknowledgment receipt on payment.
Thanking you and assuring our best services always.
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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- | Brickwork | |
| AA | AACUITE (Erstwhile SMERA) | |
| Unsecured Subordinate Tier II Bonds | AA- | CARE |
| AA | ACUITE (Erstwhile SMERA) | |
| AA- | Brickwork | |
| Perpetual Debt Instruments | A+ | CARE |
| A+ | Brickwork |