Paisalo Digital Secures Dual Ratings for Proposed Rs 1,500 Crore NCDs

Paisalo Digital, an SBI Life-backed NBFC, has enhanced its credit profile by securing a long-term BWR AA Stable rating from Brickwork Ratings India for its proposed Rs 1,500 crore non-convertible debentures, complementing its existing rating from Infomerics Analytics. The rating reflects Paisalo's established business model, strong capitalization, experienced management, steady loan book growth, and asset quality. The company's stock has shown mixed performance recently, with notable gains over the past decade but some corrections in recent years.