Moody’s gives Baa3 rating to Hero FinCorp.

Moody’s Investors Service assigned a first-time Baa3 rating to Hero FinCorp. Ltd.

The outlook is stable.

Moody’s assumes the support of the company’s key shareholder, Hero MotoCorp Ltd., is highly likely in times of need, it said in a news release. This accounts for the rating three notches above Hero’s stand-alone assessment of Ba3.

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