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Magma Fincorp credit ratings

Magma Fincorp has the following Credit Ratings –

Instrument Rating Rating Agency
Rating Under Basel Guidelines
Fund Based & Non Fund Based from Banks AA- CARE
AA- ICRA
AA- India Ratings
Short Term Debt (Commercial Paper) A1+ CARE/CRISIL
Secured Redeemable Long Term Bond/Note AA- CARE
AA- ICRA
AA- India Ratings
Unsecured Subordinate Tier II Bonds AA- CARE
AA SMERA
AA Brickwork
Perpetual Debt Instruments A+ CARE
AA- Brickwork