CRISIL Upgrades Long-Term Credit Rating for Muthoot Microfin

CRISIL upgraded the long-term credit rating for Muthoot Microfin on November 1, 2026. This follows earlier actions by CRISIL, which had upgraded the company's long-term rating to AA-/Stable and reaffirmed its A1+ Commercial Paper rating. CareEdge Global Ratings also revised its outlook to 'Positive' while reaffirming its BBrating.

The upgrade reflects Muthoot Microfin's strong financial health, which includes achieving the highest-ever quarterly disbursements of Rs. 2,900 crore and growing its Gross Loan Portfolio by 22.0% year-over-year. The company also reported a 262.9% year-over-year growth in Profit After Tax and improved asset quality, with GNPA improving by 123 basis points year-over-year.