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Arman Financial Services’ debt ratings reaffirmed by CareEdge Ratings with outlook revised to ‘Stable’
24-Oct-26 16:50Hrs IST

Arman Financial Services Ltd announced that CARE Ratings Limited (CareEdge Ratings) has reaffirmed the rating of ‘CARE A -’ (read as CARE A Minus) for Non-Convertible Debentures facilities totaling Rs 42.00 crore (ISIN INE109C07113) and proposed Non-Convertible Debentures totaling Rs 28.89 crore; furthermore, CareEdge Ratings has revised the outlook from ‘Negative’ to ‘Stable’ concerning the aforementioned Non-Convertible Debentures facilities of Arman Financial Services Limited and its wholly-owned subsidiary, Namra Finance Limited, with no enhancements, assignments, or withdrawals reported by any other rating agencies.

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A Muthoot M George Enterprise