Poonawalla Fincorp Limited — Credit Ratings, 25-03-2025: Credit Rating- New

CARE Ratings has assigned a new rating of CARE AAA; Stable to Poonawalla Fincorp Limited’s non-convertible debentures amounting to ₹1,300 crore, indicating strong creditworthiness. Simultaneously, existing ratings on various bank facilities and debt instruments were reaffirmed, reflecting the robust support from the Cyrus Poonawalla group. The company's healthy capitalization, experienced management, and plans to scale operations and diversify product offerings provide a positive outlook. However, increasing gross non-performing assets in recent quarters pose a risk. Overall, the sentiment could remain stable as the company embarks on new growth initiatives while managing asset quality.