Latest Breaking News On - Uot the financial services business has been identified to be of strategic importance for cyrus poonawalla group current rating upgrade by care aaa triplea reaffirms strength organization and its leadership along with operational excellence this is an important milestone in our journey towards becominga leader isa testimony commitment buildinga strong institution quot commenting on - Page 1 : comparemela.com
Pune (Maharashtra) [India], October 1 (ANI/BusinessWire India): Care Ratings Ltd (Care) has upgraded the long-term rating of Poonawalla Fincorp Limited (PFL) and its subsidiary, Poonawalla Housing Finance Limited (PHFL) to "CARE AAA (Triple A), Stable". This rating is applicable for bank loan facilities, non-convertible debentures, market-linked debentures and subordinated debt. Adar Poonawalla, Chairman, PFL stated, "The financial services business has been identified to be of strategic importance for Cyrus Poonawalla Group. The current rating upgrade by CARE to AAA (Triple A) reaffirms the strength of the organization and its leadership along with the financial and operational excellence. This is an important milestone in our journey towards becoming a leader in financial services and is a testimony of our commitment towards building a strong institution." Commenting on the upgrade, Abhay Bhutada, MD, PFL, said, "This upgrade reflects our relentless focus on