Moody's elevates Muthoot Finance's outlook to stable
Fri, Dec 11, 2020 5:47 PM

Moody's elevates Muthoot Finance's outlook to stable

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Moody's Investors Service upgraded gold loan lender Muthoot Finance Limited's rating to Ba2 and its outlook to stable from negative. Moody's expects Muthoot's financial performance to remain stable over the next 12-18 months, supported by its leading franchise and track record of providing loans against gold jewelry, superior profitability and strong capitalization.

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