Jana Holdings faces credit downgrade amid debt repayment issues
pre-market1 source ↓written by the desknot a recommendation
- debt repayments
- ₹4,200 cr
- The downgrade affects
- ₹363 cr
- in non-convertible debentures
- ₹1,468 cr
Jana Holdings Ltd, parent of Jana Small Finance Bank, has been downgraded to ‘IND D’ by India Ratings after failing to meet debt repayments of ₹4,200 cr. The downgrade affects ₹363 cr and ₹1,468 cr in non-convertible debentures held mainly by TPG. This rating change reflects a significant risk for investors and may impact market sentiment.
Not investment advice. For informational purposes only.