Pune (Maharashtra) [India], August 26 (ANI/BusinessWire India): CARE has upgraded the rating of various long-term bank facilities/instruments of Poonawalla Fincorp Limited [PFL formerly known as Magma Fincorp Limited (MFL)], by two notches to 'CARE AA+; Stable' from 'CARE AA- (under credit watch with developing implications)' and reaffirmed the short-term rating at 'CARE A1+'.
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