India Ratings Research Updates Ratings for P N Gadgil Jewellers and Fedbank Financial Services

India Ratings Research has upgraded P N Gadgil Jewellers' long-term rating to 'IND A' with a stable outlook, citing strong retail revenue growth, EBITDA expansion, and improved credit metrics supported by its IPO and brand strength in Maharashtra. Meanwhile, the agency affirmed Fedbank Financial Services' long-term rating at 'IND AA' with a stable outlook, highlighting its increased franchise scale, diversified funding, and stable asset quality. Both ratings reflect expectations of sustained financial performance amid monitored risks.