Japan Credit Rating Agency awards SMFG India Credit AA- Rating, 4 Notches Above India's Sovereign Rating

Business and Finance Business and Finance

Fri, December 6, 2024

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Japan Credit Rating Agency awards SMFG India Cred .. Rating, 4 Notches Above India's Sovereign Rating

Japan Credit Rating Agency awards SMFG India Credit AA- Rating, 4 Notches Above India's Sovereign Rating

^{Published on 2024-12-06 08:31:10 - Business Standard}

SMFG India Credit (SMICC), a wholly-owned subsidiary of Sumitomo Mitsui Financial Group (SMFG), has been awarded an international credit rating of "AA-" with a stable outlook by the Japan Credit Rating Agency (JCR).

The Japan Credit Rating Agency (JCR) has awarded SMFG India Credit with an 'AA' rating, which is four notches above India's sovereign rating. This rating reflects SMFG India Credit's robust financial health, characterized by its strong capital base, profitability, and asset quality. The company, a subsidiary of Sumitomo Mitsui Financial Group (SMFG), benefits from its parent's extensive global network and expertise, enhancing its operational capabilities and market presence in India. The rating also acknowledges SMFG India Credit's strategic importance to SMFG's global operations and its potential for growth in the Indian market. This high rating is expected to bolster SMFG India Credit's competitive edge in attracting business and expanding its operations within India.

Read the Full Business Standard Article at:
[ https://www.business-standard.com/content/press-releases-ani/japan-credit-rating-agency-awards-smfg-india-credit-aa-rating-4-notches-above-india-s-sovereign-rating-124120600818_1.html ]

N@N

Japan Credit Rating Agency awards SMFG India Credit AA- Rating, 4 Notches Above India's Sovereign Rating