Paisalo Digital Limited has strengthened its credit profile by securing an additional external rating for its proposed Non-Convertible Debentures (NCDs), with Brickwork Ratings India Private Limited assigning a long-term rating of ‘BWR AA / Stable’ for the company’s planned Rs 1,500 crore issuance.
The latest rating complements Paisalo’s existing assessment from Infomerics Analytics and Research Private Limited, marking a dual credit rating that reflects the company’s continued focus on transparency, governance, and wider investor participation in debt capital markets.
According to Brickwork Ratings, the rating is supported by several key strengths in Paisalo’s business model and financial performance, including its established franchise, scalable lending operations, strong capitalisation, experienced management team, and stable loan book growth with consistent asset quality.
The dual rating is expected to enhance Paisalo’s ability to access a broader pool of investors and diversify its funding sources, while reinforcing confidence among stakeholders in its financial stability and long-term growth strategy.
Santanu Agarwal, Deputy Managing Director, Paisalo Digital Limited, said the additional rating underscores the company’s strong capital position and disciplined approach to asset quality. He noted that dual credit ratings expand the universe of debt instruments and investor participation, supporting Paisalo’s goal of building a sustainable lending platform.
Paisalo Digital continues to focus on inclusive lending, aiming to expand financial access for underserved entrepreneurs across India while maintaining prudent risk management and scalable growth.
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