Moody’s Affirms Hero FinCorp’s Ba1 Rating, Maintains Stable Outlook Amid Improved Asset Quality

Moody’s Investors Service has affirmed Hero FinCorp’s long-term corporate family rating at Ba1, maintaining a stable outlook for the non-banking financial company. The decision reflects Moody’s confidence in Hero FinCorp’s stable financial performance and asset quality improvements over the next 12–18 months.

 

Key Highlights:

Moody’s will closely monitor the company’s ability to convert the CCPS into equity, as failure to do so could be credit negative unless offset by new equity capital. Overall, the stable outlook signals confidence in Hero FinCorp’s risk management and capital adequacy in the current economic environment.

 

Source: Business Standard, Cbonds