Muthoot Finance Rating Upgraded by Moody's to Ba1, ECL Finance Appoints New MD
2025-04-02
Business Standard
In a significant development, Moody's Ratings has upgraded the long-term corporate family rating of gold financier Muthoot Finance Ltd from Ba2 to Ba1, citing a stable outlook. This upgrade is a testament to the company's strong financial performance and robust business model. Meanwhile, ECL Finance has announced the appointment of Ajay Khurana as its new Managing Director, marking a new chapter in the company's growth journey. With this upgrade, Muthoot Finance is poised to attract more investors and expand its operations, driven by its commitment to excellence and customer satisfaction in the financial services sector, including gold loans and other financial products.
