Crisil downgrades Fusion Finance’s debt

Crisil Ratings downgraded Fusion Finance's long-term bank loan facility of Rs 8,000 crore to 'A' and placed it under rating watch, while also lowering the rating on its Rs 50 crore commercial paper to 'A1'.

By ET Bureau | Nov 28, 2024, 07.35 AM IST

Crisil Ratings has downgraded the credit rating on microfinance lender Fusion Finance's long-term bank loan facility of Rs 8,000 crore to ‘A’ from ‘A+/ negative’ and placed it under rating watch with developing implications. It also downgraded the rating on the Rs 50 crore commercial paper to ‘A1’ from ‘A1+’.

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