Paisalo Digital Secures ‘BWR AA / Stable’ Rating for ₹1,500 Cr NCDs

Paisalo Digital Limited announced on March 16, 2026, that it has secured a ‘BWR AA / Stable’ rating from Brickwork Ratings India Private Limited for its proposed Non-Convertible Debentures (NCDs) amounting to ₹1,500 crore. This rating is in addition to the existing rating from Infomerics Analytics and Research Private Limited.

The rating from Brickwork Ratings considers several structural strengths of Paisalo’s business model and financial profile. These include an established franchise, a scalable lending model, strong capitalization, and experienced management. The company has demonstrated steady loan book growth and maintained asset quality.

The dual credit rating is intended to enhance transparency and governance standards, thereby broadening investor participation in Paisalo’s debt capital market issuances. The company focuses on inclusive lending, aiming to provide financial access to underserved entrepreneurs across India.

According to the press release, the additional rating from Brickwork Ratings highlights the strength of Paisalo’s capital position and asset quality discipline. The company believes that obtaining dual credit ratings will expand the universe of debt instruments and investor pools it can access.

Paisalo Digital Limited is a non-banking finance company (NBFC) that focuses on inclusive lending. The company aims to build a robust and sustainable lending platform to expand financial access for underserved entrepreneurs across India. It emphasizes strong governance and transparency in its operations.