ICRA elevates Credit Rating of SV Credit line


SVCLIndependent investment information and credit rating agency and by Moody’s partner company ICRA Limited (ICRA) has elevated SV Credit line Limited (SVCL) rating from BB+ (Stable) to BBB- (Stable).

As per the credit rating agency, the outlook on the long-term rating is stable. SVCL is a Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI) that was incorporated in 2008.

The rating upgrade factors in enhanced capitalisation of the company supported by investment by promoters and external investors, experienced senior management team and good track record.

ICRA reports SVCL will continue to benefit from the extensive experience of senior management. The outlook may be revised to positive if substantial growth in revenue and profitability and an improved capitalisation strengthens the financial risk profile.

SVCL has 226 branches spread across 9 states of India which includes Uttar Pradesh, Madhya Pradesh, Rajasthan, Bihar, Haryana, Chhattisgarh, Uttarakhand, Punjab and Jharkhand.

"Exciting news! Elets Banking & Finance Post is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.