India, April 3 -- Moody's Ratings has upgraded Muthoot Finance Limited's long-term issuer rating from 'Ba2' to 'Ba1' with a stable outlook.
In its announcement, Moody's highlighted Muthoot's strong credit profile, backed by its leadership in India's gold financing sector and a consistent track record of operational excellence. The company's robust risk management and underwriting standards have enabled steady loan growth and stable asset quality despite competition from banks and other financial institutions.
Muthoot Finance remains the most profitable among Moody's rated Indian finance companies, with a net income to average managed assets ratio of 4.9% as of December 2024. Its high net interest margin and low credit costs have contribut...