Brickwork assigns 'AA' rating to Magma Fincorp`s NCD issue

Brickwork Ratings has assigned "BWR AA" for unsecured subordinated NCD issue of Rs 60 crores and reaffirmed the other outstanding ratings of Magma Fincorp Limited. As per the rating agency the performance of the company would be stable over the next year.

February 29, 2012 / 17:41 IST

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Brickwork Ratings has assigned "BWR AA" for unsecured subordinated NCD issue of Rs 60 crores and reaffirmed the other outstanding ratings of Magma Fincorp Limited. As per the rating agency the performance of the company would be stable over the next year.

The ratings

first published: Feb 29, 2012 05:37 pm

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