Credit Rating- Revision

Aye Finance Limited has received an upgrade in its credit ratings from India Ratings and Research (Ind-Ra). The long-term debt instruments and issuer rating were upgraded to 'IND A+/Stable' from 'IND A/Stable', while commercial papers were upgraded to 'IND A1+' from 'IND A1'. This upgrade reflects improved capitalisation from a recent IPO, a strengthened secured loan mix, enhanced profitability buffers, and a more diversified funding profile. The ratings also acknowledge the company's focus on expanding its mortgage product portfolio.