Mangal Credit and Fincorp Limited (MANCREDIT) — Announcement

· NSE 🔴 High Importance Neutral
📢 Key Event
CRISIL reaffirmed BBB/Stable rating on ₹400 crore bank loan and assigned BBB/Stable rating to ₹120 crore NCDs
🔄 What Changed
Reaffirmation of existing loan rating and assignment of new NCD rating
💡 Investor Takeaway
Investors should note the stable BBB/Stable rating signals no near-term credit deterioration risk.
⚠️ Risks
Adverse asset quality movement if 90+ dpd exceeds 4% and capitalisation weakens

Mangal Credit and Fincorp Limited announced that CRISIL has reaffirmed its BBB/Stable rating for a total bank loan facility of ₹400 crores and assigned a BBB/Stable rating to new non-convertible debentures worth ₹120 crores, reflecting stable credit outlook and no immediate rating changes.

📄 View Original Announcement (PDF)

About Mangal Credit and Fincorp Limited (MANCREDIT)

Financial Services · Finance · Listed on NSE

Market Cap: ₹350.64 Cr P/E: 28.2

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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