Sammaan Capital receives Moody's B1 upgrade amid Avenir deal
after close1 source ↓written by the desknot a recommendation
Sammaan Capital's long-term corporate family rating has been upgraded to B1 from B2 by Moody's, reflecting a positive outlook. This upgrade follows SEBI's approval for a preferential share issue to Avenir Investment RSC Ltd, expected to enhance the NBFC's capital base significantly. The upgrade indicates improved creditworthiness, potentially leading to better borrowing terms and supporting growth plans.
Not investment advice. For informational purposes only.