Mumbai, May 30 -- The rating on the long-term bank loan facilities and non convertible debentures has been reaffirmed at 'Crisil A+/Stable'.

Crisil Ratings stated that the ratings continue to factor in expectation of continued support from the parent, Muthoot Fincorp (MFL). It also takes into consideration MML's adequate capital position and its diversified resource profile.

These strengths are partially offset by geographical concentration in the loan portfolio, moderate asset quality and susceptibility of the microfinance sector to regulatory and legislative changes.

MML's portfolio quality has been affected in line with several issues faced by the sector over the last 3-4 quarters. However, overall asset quality (in terms of collect...