India, June 9 -- Muthoot Microfin Limited has announced that CRISIL Ratings has upgraded its long-term credit rating to CRISIL AA-/Stable from CRISIL A+/Positive, while reaffirming its commercial paper rating at CRISIL A1+.
The upgraded rating covers bank loan facilities of up to Rs 10,000 crore, while the reaffirmed A1+ rating applies to the company's Rs 300 crore commercial paper programme.
According to the company, the rating upgrade is expected to improve access to diversified funding sources at more competitive rates, supporting a further reduction in borrowing costs. Muthoot Microfin's cost of funds declined from 11.0% in FY25 to 10.3% in Q4 FY26, while the incremental cost of funds fell to 9.9%.
CRISIL cited the company's strength...