Acuité Reaffirms 'ACUITE A-' Rating; Outlook Revised from Stable to Positive

Acuité Ratings has reaffirmed the long-term rating of 'ACUITE A-' on the bank facilities and Non-Convertible Debentures of the company and its wholly-owned subsidiary Namra Finance Limited.

Thu 1 Oct 2026

Long-term Rating

ACUITE A-

Rating Action

Reaffirmed

Outlook Revision

Revised from 'Stable' to 'Positive'

Rating Agency

Acuité Ratings & Research Limited

Press Release Date

September 30, 2026

What was announced

The company informed the exchanges that Acuité Ratings & Research Limited, through its press release dated September 30, 2026, has reaffirmed the long-term rating of 'ACUITE A-' (read as ACUITE A Minus) on the bank facilities and Non-Convertible Debentures of Arman Financial Services and its wholly-owned subsidiary, Namra Finance Limited.

Acuité has also revised the outlook on these facilities from 'Stable' to 'Positive'.

What this means in simple terms

• A credit rating is an independent agency's opinion on how likely a borrower is to repay its debt on time.
• "Reaffirmed" means the rating level is unchanged from before.
• The outlook signals the likely direction of the rating over the medium term. A move from Stable to Positive indicates the agency sees a possibility of an upgrade if performance trends continue.

Why it matters for a lender-focused business

Arman Financial Services is a lending business, so its own cost of borrowing and access to bank lines and debenture investors are influenced by how rating agencies view it. Both the parent and the wholly-owned subsidiary Namra Finance Limited are covered by this rating action.

Nature of the disclosure

This is an intimation made under Regulation 30, Regulation 51 and Regulation 55 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, which cover disclosure of material events including credit rating actions by companies with listed debt.

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