26-Oct-2026 10:20:23
MUTHOOT MICROFIN : CAREDGE GLOBAL RAISES OUTLOOK TO POSITIVE FOR $50 MN ECBS, REAFFIRMS BB-
• CareEdge Global Ratings raised outlook on Muthoot Microfin to Positive from Stable; reaffirmed long-term foreign currency rating at CareEdge BB- • Rating relates to USD 50 million ECBs, comprising USD 15 million existing borrowings including its GIFT City listed ECB and USD 35 million proposed borrowings • Follows CRISIL Ratings' June 2026 upgrade of long-term bank loan facilities and NCDs to Crisil AA-/Stable from Crisil A+/Positive • Q2 FY27 provisional AUM at ₹15,323 Cr, up 22% (YOY); quarterly disbursements up 28% (YOY) at ₹2,900 Cr; collection efficiency up 477 bps to 98.11% • Gross NPA declined to 3.7% as of June 30, 2026 from 4.8% as of March 31, 2025; credit costs fell to 3.0% in FY26 from 7.5% in FY25 • Cost of funds down 20 bps (QOQ) to 9.93%; JLG and non-JLG mix at 69:31 v 83:17 as of March 31, 2026; parent Muthoot Fincorp holds 50.2%
Muthoot Microfin Limited
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