India Ratings & Research has upgraded the credit rating of Care Health Insurance, a subsidiary of Religare Enterprises, to IND AA-/ Stable. The rating upgrade reflects the improved financial outlook and stability of Care Health Insurance. Detailed information can be accessed at https://www.indiaratings.co.in/pressrelease/81268.
Credit Rating Upgrade
Religare Enterprises announced that India Ratings & Research Private Limited (Ind-Ra) has upgraded the credit rating of its subsidiary, Care Health Insurance Limited, to IND AA-/ Stable. This upgrade indicates a positive assessment of Care Health Insurance’s financial stability and performance.
Details of the Rating
The upgrade to IND AA-/ Stable reflects India Ratings & Research’s assessment of Care Health Insurance’s improved financial position. Further details regarding the rationale behind the rating upgrade are available in the official press release from India Ratings & Research, accessible at: https://www.indiaratings.co.in/pressrelease/81268.
Source: BSE
