NEW DELHI : Sachin Bansal-led Navi group's credit finance firm, Chaitanya, on Wednesday said Crisil has given a stable (A-) rating for its bank borrowings of up to ₹500 crore.
This rating has come at a time when the industry is reeling under lockdown, mandated to curb the deadly coronavirus, Chaitanya said in a release.
Chaitanya's ratings have also been upgraded to BBB (stable) /A2 by ICRA for financial instruments amounting to ₹358 crore. As per ICRA, the stable outlook factors in the comfortable capital and liquidity profile of the group, which would support its medium-term growth plans, it said.
Chaitanya CEO Anand Rao said, "The rating upgrade Chaitanya has got in these challenging times, reflects our strong capital position post