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23 September, 2019 23:59 IST
ICRA upgrades credit rating of SV Credit line
Source: IRIS | 18 Sep, 2018, 03.41PM
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SV Credit line (SVCL) has received an upgradation in rating by ICRA, a Moody's Partner company, from BB+ (Stable) to BBB- (Stable). The outlook on the long-term rating is stable. SVCL is a Non-Banking Financial Company - Micro Finance Institution (NBFC-MFI) that was incorporated in 2008.

The rating upgrade factors in enhanced capitalization of the company supported by investment by promoters and external investors, experienced senior management team and good track record.

ICRA believes SVCL will continue to benefit from the extensive experience of senior management. The outlook may be revised to positive if substantial growth in revenue and profitability and an improved capitalization strengthens the financial risk profile.

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