Rating26 Oct 2026, 10:22 am
Muthoot Microfin gets 'Positive' Outlook from CareEdge Global
AI Summary
Muthoot Microfin Limited (MML) has received a 'Positive' outlook from CareEdge Global Ratings, upgrading from 'Stable', for its USD 50 million external commercial borrowings. This reflects improvements in asset quality and operating performance. The agency also reaffirmed the company's long-term foreign currency rating at 'CareEdge BB-'. This follows a similar upgrade by CRISIL Ratings in June 2026. MML reported a 22% year-on-year increase in Assets Under Management (AUM) to ₹15,323 crore as of September 30, 2026. Quarterly disbursements grew 28% YoY to ₹2,900 crore, with collection efficiency improving to 98.11%. Gross non-performing assets declined to 3.7% as of June 30, 2026.
Key Highlights
- CareEdge Global upgrades MML outlook to 'Positive' from 'Stable'.
- Rating reflects improved asset quality and operating performance.
- AUM grew 22% YoY to ₹15,323 crore as of Sept 30, 2026.
- Collection efficiency improved to 98.11% in Q2 FY27.
- Gross NPAs reduced to 3.7% as of June 30, 2026.
Price Impact
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