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Muthoot Finance Ltd (89UO)

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Monday 30 March, 2020

Muthoot Finance Ltd

Revision in Ratings by Fitch Ratings

RNS Number : 0047I
Muthoot Finance Limited
30 March 2020
 

       March 30, 2020

 

Dear Sir/Madam,

 

Sub: Revision in Ratings by Fitch Ratings

 

This is to inform you that Fitch Ratings has revised Company's Long-Term Issuer Default Rating from 'BB+' Rating Outlook Stable to 'BB' Rating Watch Negative and accordingly, ratings on the MTN programmes and foreign-currency senior debt stands revised from 'BB+' Rating Outlook Stable to 'BB' Rating Watch Negative.

 

Details of the rating change available in Fitch Ratings web site at:

 

https://www.fitchratings.com/research/structured-finance/fitch-downgrades-3-indian-nbfis-on-negative-watch-4th-on-negative-watch-27-03-2020

 

Thanking You, 

 

For Muthoot Finance Limited

 

 

 

 

Rajesh A

Company Secretary


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