REG - Muthoot Finance Ltd - Revision in Ratings by Fitch Ratings

Muthoot FinanceAnnouncement

30/03/2020 07:01

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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