UGRO CAPITAL LIMITED IS RATED ‘IND A’/STABLE BY INDIA RATINGS
This rating is applicable for UGRO Capital’s bank loan of INR 5,000 mn
Mumbai, February 24, 2023: India Ratings and Research (Ind-Ra) has rated UGRO Capital Limited’s bank
loans ‘IND A’/Stable. This rating reflects UGRO Capital's diverse product offering for MSMEs, as well as its geographic and sectoral diversification, strong analytics and usage of data science, adequate capital buffering and diversified borrowing profile.
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