1 day ago
India Ratings Upgrades Motilal Oswal Financial Services Rating
India Ratings gave Motilal Oswal Financial Services a higher rating.
This means the agency sees the company as financially stronger.
The company has expanded beyond equity broking into wealth creation services.
Its asset management and private wealth businesses are growing.
About two-thirds of its revenue now comes regularly rather than from one-time transactions.
The company is also reporting continued profit growth across important business areas.
India Ratings noted that the group has enough capital and liquidity.
Motilal Oswal said the upgrade could help it obtain funding more easily and at lower borrowing costs.
India Ratings upgraded Motilal Oswal Financial Services’ credit rating.
The upgrade reflects growth in asset management, private wealth and recurring fee-based revenue.
Improved earnings diversification has reduced dependence on transaction-based income.
The group cited comfortable capitalisation, adequate liquidity and fungibility across entities.
Motilal Oswal Financial Services said it is now rated AA+ by India’s three leading rating agencies.
- Who
- India Ratings upgraded Motilal Oswal Financial Services, whose Group Chief Financial Officer is Shalibhadra Shah.
- What
- Motilal Oswal Financial Services received a credit-rating upgrade.
- Where
- The rating concerns Motilal Oswal Financial Services and its group entities in India.
- When
- The article does not specify when the upgrade occurred.
- Why
- The upgrade reflects stronger business diversification, growing asset management and private wealth operations, rising recurring revenue, profitability visibility, capitalisation and liquidity.
Key facts
- Rating agency
- India Ratings, also referred to as Ind-Ra
- Company
- Motilal Oswal Financial Services
- New rating position
- AA+ from all three leading rating agencies in India
- Recurring revenue
- Approximately two-thirds of revenue, according to the company
- Growth areas
- Asset management and private wealth businesses
- Financial strengths
- Comfortable capitalisation, adequate liquidity buffers and fungibility across group entities
- Potential benefit
- Greater access to diversified funding and improved borrowing-cost efficiency
Sources
Related news
MOFSL Names Four NBFC Stocks After Sector Rerating
Japan Agency Upgrades India Sovereign Rating to A-
India Regains A- Sovereign Rating After 36 Years
CRISIL Shifts IndusInd Bank Outlook to Stable as Earnings Improve
India Wins JCR Sovereign Rating Upgrade After Strong GDP Growth
Brokerages Recommend Buys Across Eleven Indian Stocks, Targeting Growth
Motilal Oswal’s Taparia Recommends Three Stocks to Buy
LCC Projects IPO Set for NSE, BSE Listing Tomorrow
Motilal Oswal Names Four Banking Stocks Amid Credit Growth
Rate-Sensitive Shares Slide as October RBI Hike Bets Rise
