UGRO Capital Receives CareEdge B+/Stable Rating for USD 50 Million External Commercial Borrowing
Published on: Jan. 30, 2026, 11:34 a.m. | Source: scanx.trade
CareEdge Global has assigned a 'CareEdge B+/Stable' rating to UGRO Capital's USD 50 million External Commercial Borrowing, reflecting strong business fundamentals with Rs 12,226 crore AUM and 70% secured portfolio. While the company demonstrates robust diversification and exceptional growth, moderate asset quality metrics and elevated operating costs have kept profitability subdued at 1.9% ROA for FY25.
