Paisalo Digital proposed Rs 1 500-cr NCD gets AA rating

New Delhi, Mar 18 (PTI) NBFC firm Paisalo Digital Ltd on Wednesday said its proposed Rs 1,500 crore non-convertible debenture (NCD) has received 'AA/Stable' rating from Brickwork Ratings.
    The rating agency has assigned a long-term rating of "BWR AA /Stable" for the company’s proposed Rs 1,500 crore NCD issuance, supplementing the company’s existing rating from Infomerics Analytics and Research Pvt Ltd, Paisalo Digital said in a statement.
    This dual rating reflects Paisalo’s continued commitment to transparency, strong governance standards, and broader investor participation in its debt capital market issuances, it added.
    According to Brickwork Ratings, the assigned rating factors in several structural strengths of Paisalo’s business model and financial profile, it said.
    Commenting on the development, Paisalo Digital Deputy Managing Director Santanu Agarwal said, "Obtaining dual credit ratings materially expands the universe of debt instruments and investor pools that Paisalo can access now. We remain focused on building a robust and sustainable lending platform that expands financial access for underserved entrepreneurs across India".

(This story has not been edited by THE WEEK and is auto-generated from PTI)