Digital lending platform Kissht, operated by Onemi Technologies, announced that its NBFC arm Si Creva Capital Services has received a credit rating upgrade from Crisil. The long-term rating improved to A-/Stable from BBB+/Stable, while the short-term rating rose to A1 from A2+, reflecting strong growth momentum and healthy capital position.
IPO-bound Kissht has achieved a significant milestone as Crisil Ratings upgraded Si Creva Capital Services, its NBFC subsidiary. The upgrade underscores the company’s robust business momentum, expanding assets under management, and strengthened capital base.
The long-term rating was raised to A-/Stable, while the short-term rating improved to A1, signaling enhanced financial credibility. Crisil also upgraded ratings on Si Creva’s non-convertible debentures, further boosting investor confidence.
This development comes as Kissht prepares for its public listing, with analysts noting that improved ratings will likely support fundraising efforts and market positioning. The upgrade highlights Kissht’s digital-first lending model and commitment to responsible growth in India’s evolving fintech sector.
Major Takeaways
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Crisil upgraded Si Creva Capital Services’ long-term rating to A-/Stable
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Short-term rating improved to A1 from A2+
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Ratings on non-convertible debentures also upgraded
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Reflects strong growth momentum and healthy capital position
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Supports Kissht’s upcoming IPO plans and investor confidence
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Highlights strength of Kissht’s digital-first lending model
Conclusion
The Crisil rating upgrade marks a pivotal step for Kissht as it heads toward its IPO. By strengthening financial credibility and showcasing sustainable growth, Kissht is positioning itself as a leading player in India’s digital lending ecosystem, ready to attract investors and expand its market presence.
Sources: Business Standard, Rediff Moneynews, Devdiscourse