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MAS Financial Services receives rating reaffirmations and upgrades from CARE Ratings and CareEdge Ratings

14-Oct-26 18:39 Hrs IST

MAS Financial Services Ltd announced credit rating actions from multiple agencies regarding its various instruments, including reaffirmations, upgrades, and initial ratings. CARE Ratings Limited reaffirmed the rating for Pass Through Certificates amounting to Rs 21, assigning it a CARE AAA (SO) rating, and upgraded Pass Through Certificates totaling Rs 9 to CARE A+ (SO) from CARE A(SO); CARE Ratings Limited (CareEdge Ratings) reaffirmed the Series A PTC as CARE AAA (SO) and upgraded the Equity Tranche PTC to CARE A+ (SO), both backed by receivables from micro enterprise (ME), small & medium enterprise (SME), commercial vehicle (CV), and 2-wheeler loans; CARE Ratings initially rated a Bank Loan at Rs 100 Crore with a CARE A+ (Stable) outlook, completed a review of Non-Convertible Debentures amounting to Rs 50 Crore, also rated CARE A+ (Stable), and assigned a renewal rating of CARE A1+ (Stable) to a Letter of Credit of Rs 25 Crore, while CareEdge Ratings provided opinions on bank facilities/instruments as of a specific date.

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