Moody's upgrades Piramal Finance's credit ratings and outlook
Mumbai, Sept. 11 -- Piramal Finance has received credit ratings from Moody's as detailed under:
- Long-term Corporate Family Rating (CFR) and Senior Secured Debt Rating from Ba3 to Ba2;
- Senior Secured Medium-term Note Programme from (P)Ba3 to (P)Ba2; and
- The outlook has been revised from 'Positive' to 'Stable'
The rating action reflects the Company's strong business, financial, and risk profile as an Upper Layer NBFC.
Published by HT Digital Content Services with permission from Capital Market....
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