Brickwork Ratings India Private Limited Assigns 'BWR AA / Stable' to Proposed NCDs of Paisalo Digital Ltd

Paisalo Digital Limited, a leading non-banking finance company (NBFC) focused on inclusive lending, has strengthened its credit profile by obtaining an additional external credit rating from Brickwork Ratings India Private Limited for its proposed Non-Convertible Debentures (NCDs). The rating agency has assigned a long-term rating of "BWR AA / Stable" for the Company's proposed ₹1,500 crore NCD issuance, supplementing the Company's existing rating from Infomerics Analytics and Research Private Limited.

This dual rating reflects Paisalo's continued commitment to transparency, strong governance standards, and broader investor participation in its debt capital market issuances.

According to Brickwork Ratings, the assigned rating factors in several structural strengths of Paisalo's business model and financial profile:

- Established franchise and scalable lending model
- Strong capitalization and experienced management
- Steady loan book growth and asset quality

Commenting on the development, Santanu Agarwal, Deputy Managing Director, Paisalo Digital Limited, said: "Receiving an additional rating from Brickwork Ratings India Private Limited alongside our existing rating from Infomerics Analytics and Research Private Limited highlights the strength of Paisalo's capital position, asset quality discipline and scalable lending model. Obtaining dual credit ratings materially expands the universe of debt instruments and investor pools that Paisalo can access now. We remain focused on building a robust and sustainable lending platform that expands financial access for underserved entrepreneurs across India."

Source : Equity Bulls

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PaisaloDigital NBFC NCDs RatingUpdate