ICRA, a financial rating company responsible for rating debt instruments, finance companies, services, etc, had recently rated Edelweiss Financial Services with an A+ rating and had upgraded its outlook from negative to stable.
Edelweiss Finacial Service is an investment and financial services company based in Mumbai, the company had claimed that the outlook upgrade has assured of the company’s stable financials and the company’s new and strong fundamentals for trade and business along with sustained debt reduction.
The group’s well-established position in the financial services sector, its extensive knowledge of the capital market-related business, its diverse business profile with a presence in the asset reconstruction and asset management segment, and a healthy stream of fee and advisory income are all factors considered in the rating’s reaffirmation, according to ICRA.
“At Edelweiss, our continued focus has been on building resilience and strength to shield against short-term disruptions while creating long-term value through gradually scaling our businesses. The revision demonstrates our strong business fundamentals and stable financial performance. We continue to fortify our balance sheet and remain focused on our priorities of value unlocking for our shareholders. As we continue to invest in growth”. Said Rashesh Shah, chairman, of Edelweiss Group.
Hence, the company had reported a stable growth and flow of income in the financial year 2022. Also, the healthy stream of fees, and advisory income has helped in the increase in the consumer assets.