Crisil ups ratings of three MFIs

Crisil ups ratings of three MFIs

Crisil has upgraded the ratings of micro-finance companies Equitas and Ujjivan following positive developments in the crisis-hit sector. It also revised its outlook on Janalakshmi Financial Services to positive.

“With investor and lender confidence, we believe entities such as Equitas, Ujjivan and Janalakshmi will meet their revised business plans. Their combined assets under management are expected to nearly double from December 2011 levels to Rs 3,000 crore by March 2013,” Crisil said.