Muthoot Finance Receives Rating Boost: Moody's Upgrades to Ba1, ECL Finance Appoints New MD
2025-04-02
Business Standard
In a significant development, Moody's Ratings has upgraded the long-term corporate family rating of Muthoot Finance Ltd, a leading gold financier, from Ba2 to Ba1, citing a stable outlook. This upgrade reflects the company's improved financial health and stability. Meanwhile, ECL Finance has announced the appointment of Ajay Khurana as its new Managing Director, marking a new chapter in the company's growth journey. With this upgrade, Muthoot Finance is poised to attract more investors, driven by its strong credit rating and financial performance, including corporate finance and gold loans.
