Please note that the ratings of these companies providing fixed deposits or secured debentures can be revised by these rating agencies and one can not stick to the fact that initially at the launch of the new NCD, it had the highest rating. So, if you are invested in a nonconvertible debenture of a fixed deposit of a company, then make sure that you keep a track on their ratings.
Have a look at the latest revised ratings.
Fitch Ratings has taken rating action on the long-term issuer default ratings of four Indian non-bank financial institutions in light of the companies' performance amid the coronavirus pandemic.
- IIFL Finance 'B+' rating maintained on rating watch negative.
- Manappuram Finance affirmed at 'BB-'; rating watch negative removed; outlook stable.
- Shriram Transport Finance affirmed at 'BB'; rating watch negative removed; outlook negative.
Get the latest daily stock tips or Bank Nifty option tips and make money like true professionals