ECap Equities Ltd., a wholly owned subsidiary of Edelweiss Financial Services Limited, has been assigned a long-term credit rating of ‘AA-/Stable’. This rating was granted by Infomerics Valuation and Rating Limited for ECap Equities’ proposed Non-convertible Debentures program of Rs. 100 crores. The rating reflects a consolidated view of Edelweiss Financial Services and its subsidiaries, considering their close operational, financial, and managerial linkages.
ECap Equities Secures Strong Credit Rating
Edelweiss Financial Services Limited has announced that its wholly owned subsidiary, ECap Equities Ltd., has received a significant long-term credit rating. Infomerics Valuation and Rating Limited assigned the rating of ‘AA-/Stable’ to ECap Equities Ltd. This rating pertains to the subsidiary’s proposed Non-convertible Debentures (NCDs) program, which aims to raise Rs. 100 crores.
Consolidated Financial Strength
The credit rating is based on a comprehensive assessment of Edelweiss Financial Services Limited (EFSL) and its entire group of subsidiaries. The evaluation emphasizes the strong operational, financial, and managerial interdependencies that exist between EFSL and its subsidiaries, contributing to the overall stability and creditworthiness of ECap Equities Ltd.
Source: BSE
