India Ratings upgraded Aye Finance’s NCDs, commercial papers and bank loan facilities to IND A+ (Stable) and IND A1+ (Stable). The upgrade reflects improved capitalisation post IPO.
Aye Finance’s NCDs, CPs and bank loans totalling ₹2,646.31 Crore were upgraded to IND A+/Stable and IND A1+. The rating reflects improved capital after a ₹710 Crore IPO.