Mangal Credit and Fincorp Limited — Credit Ratings, 02-02-2026: Credit Rating

Crisil has reaffirmed its 'BBB/Stable' rating for Mangal Credit & Fincorp's Rs 400 Cr bank loans and Rs 50 Cr Non-Convertible Debentures (NCDs), also assigning 'BBB/Stable' to new Rs 50 Cr NCDs. The outlook remains Stable. Key factors supporting the ratings are comfortable capital, healthy profitability, and diversified funding. Moderate scale and average asset quality are noted as monitorable.