Fusion Finance's debt ratings reaffirmed and assigned by ICRA

Fusion Finance Limited announced on November 27, 2025, that ICRA Limited has assigned, reaffirmed, and revised the outlook on its credit ratings for various instruments. The company’s Non-Convertible Debentures (NCDs) worth INR 145 crore had their [ICRA]A- (Stable) rating reaffirmed, with the outlook revised to Stable from Negative and subsequently withdrawn. Another set of NCDs, valued at INR 500 crore, received an [ICRA]A- (Stable) rating.

Furthermore, Fusion Finance Limited’s Subordinated Debt, totaling INR 55 crore, also had its [ICRA]A- (Stable) rating reaffirmed, with the outlook revised to Stable from Negative. These rating actions were communicated to both the National Stock Exchange of India Limited and BSE Limited.

The company stated that the rating actions are in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full details of ICRA's rating rationale are available on Fusion Finance's website.