Mangal Credit and Fincorp Limited — Credit Ratings, 16-06-2026: Credit Rating

Crisil has reaffirmed the rating for Mangal Credit & Fincorp's Bank Loan Facilities of ₹400 Cr and NCDs of ₹100 Cr at 'Crisil BBB/Stable'. Additionally, Crisil assigned a 'Crisil BBB/Stable' rating to new NCDs worth ₹120 Cr. The 'Stable' outlook reflects comfortable capitalisation and ability to raise funds, supported by improved asset quality.