Arman Financial Services’ debt ratings reaffirmed by CareEdge Ratings with outlook revised to ‘Stable’

Arman Financial Services Ltd announced that CARE Ratings Limited (CareEdge Ratings) has reaffirmed the rating of ‘CARE A -’ (read as CARE A Minus) for Non-Convertible Debentures facilities totaling Rs 42.00 crore (ISIN INE109C07113) and proposed Non-Convertible Debentures totaling Rs 28.89 crore; furthermore, CareEdge Ratings has revised the outlook from ‘Negative’ to ‘Stable’ concerning the aforementioned Non-Convertible Debentures facilities of Arman Financial Services Limited and its wholly-owned subsidiary, Namra Finance Limited, with no enhancements, assignments, or withdrawals reported by any other rating agencies.