ICRA assigns A1+ rating to Capri Global Capital's CP programme
pre-market1 source ↓written by the desknot a recommendation
- Capri Global Capital's
- ₹1,500 crore Commercial Paper programme
- in Q1 net
- 102% YoY increase
- net profit
- ₹353 crore
ICRA has assigned an A1+ rating to Capri Global Capital's ₹1,500 crore Commercial Paper programme. This rating indicates a very strong degree of safety regarding timely payment of financial obligations, reflecting the company's diversified lending across sectors like gold, housing, and MSME finance. The rating is based on the consolidated performance of the CGCL Group, which reported a 102% YoY increase in Q1 net profit to ₹353 crore.
This rating may enhance investor confidence and liquidity for CGCL's financial instruments, potentially impacting trading volumes positively.
Not investment advice. For informational purposes only.