CARE Ratings Limited has upgraded the credit rating of the Bank Facilities of Five-Star Business Finance Limited to CARE AA-; Stable and reaffirmed the rating of Commercial Paper of the Company as CARE A1+.
The Board of Directors of Five-Star Business Finance Ltd, has considered and approved the issuance of NCDs aggregating upto Rs. 5000 Crores through private placement, in one or more tranches and/or series from time to time.