FilingReader Intelligence

Muthoot Microfin’s $ bonds rated BB-/stable by CareEdge Global

October 23, 2025 at 02:39 PM UTCBy FilingReader AI

Muthoot Microfin Limited (MML) has received a 'CareEdge BB-/Stable' rating for its $15 million External Commercial Borrowing (ECB) and proposed $35 million ECB from CareEdge Global. This rating reflects MML's established position as a leading microfinance company in India, with its AUM growing at a CAGR of approximately 25% over the past four years through fiscal 2025 to 12,253 crore as of June 30, 2025.

The rating is supported by MML's comfortable capitalization, diversified resource profile, and experienced management. Despite challenges such as rising delinquencies in H2FY25, MML reported a net profit of 6 crore for the quarter ended June 2025, indicating an improvement from a loss of 401 crore in the last quarter of fiscal 2025.

However, the rating is partly offset by credit risk associated with the weak borrower profile and the unsecured asset class, leading to a Gross Non-Performing Asset (GNPA) ratio of 4.8% as of March 31, 2025. MML maintains a healthy Capital Adequacy Ratio (CAR) of 27.9% as of June 30, 2025.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:MUTHOOTMFBombay Stock Exchange

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