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CARE Ratings has reaffirmed Five-Star Business Finance Limited’s long-term bank facility rating at CARE AA- and upgraded the outlook from Stable to Positive. This reflects significant operational and financial improvements in FY25, alongside a reduced debt level of ₹497 Cr from ₹1,847 Cr. The positive outlook indicates better credit quality and stronger liquidity, likely resulting in lower borrowing costs and increased investor confidence. This rating stance enhances the company’s ability to access funding with favorable terms, signaling a robust financial position going forward.