CRISIL reaffirms Ujjivan SFB's credit rating for certificate of deposits programme

23 Feb 2022 , 11:56 AM

Ujjivan Small Finance Bank Ltd., in its regulatory filing today, informed the exchanges and investors that the credit rating company CRISIL Ltd. has reaffirmed the credit rating of its Certificate of Deposits Programme worth Rs2500 crore.

The credit rating agency has assigned a CRISIL A1+ rating to the Rs. 2,500 Crore Certificate of Deposits Programme of the Bank. Instruments with this rating are considered to have a very strong degree of safety regarding timely payment of financial obligations.

Instruments with this rating are considered to have the lowest credit risk.

Ujjivan SFB’s stock was trading 1.47% or 25 paise higher in today’s trade at Rs17.20, as compared to its previous closing price of Rs16.95. It touched day’s high of Rs17.25 so far.