Usha Financial Services Limited — Credit Ratings, 12-12-2025: Credit Rating- Revision

Infomerics Valuation and Rating Ltd. downgraded UFSL's Long Term Bank Facilities (Term Loan) from IVR BBB/Stable to IVR BBB-/Stable, with a Stable outlook. This action is due to continued weak asset quality, a concentrated portfolio, and diversification into vulnerable unsecured loans. Experienced management and comfortable capitalisation remain key strengths for the company.