SMFG India Credit (SMICC), a leading non-banking financial company and a wholly-owned subsidiary of Sumitomo Mitsui Financial Group (SMFG), has been assigned a Long-Term Foreign Currency Issuer Rating of ‘CareEdge A/Stable’ by CareEdge Global. This rating stands two notches above India’s sovereign rating, underscoring SMICC’s strong creditworthiness and the high level of confidence reposed in the company’s financial and operational framework. The rating is driven by strong credit profile of the parent company SMFG and its 100% ownership in SMICC. While SMICC’s operations are exclusively focused on the Indian market,…
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