Aavas Financiers Limited — Credit Ratings, 01-07-2026: Credit Rating

CARE Ratings placed Aavas Financiers' long-term bank facilities and NCDs at CARE AA on 'Rating Watch with Developing Implications', shifting from a 'Positive' outlook. This action stems from multiple senior leadership changes, including recent CEO, CFO, and CRO resignations. CARE will monitor business growth stability. The rating still accounts for healthy profitability, asset quality, and strong liquidity.