Japan Credit Rating Agency awards SMFG India Credit AA- Rating, 4 Notches Above India's Sovereign Rating
Dec 06, 2024
Mumbai (Maharashtra) [India], December 6: SMFG India Credit (SMICC), a wholly-owned subsidiary of Sumitomo Mitsui Financial Group (SMFG), has been awarded an international credit rating of "AA-" with a stable outlook by the Japan Credit Rating Agency (JCR). This exceptional outcome places SMICC four notches above India's sovereign rating and only one notch below its parent financial group SMFG's own "AA" rating.
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