Central Finance's management has displayed conservatism and the company's asset quality, solvency and capital position compares well with peers.
At the same time, the rating takes into consideration the somewhat limited product and revenue diversity of Central Finance.
With a franchise network of 33 branches, Central Finance core business lies in financing motor vehicles. The firm also gives operating leases and provides fleet management services to corporate customers.
Portfolio growth, which has grown at an annual average of 21 percent for the past three-years, is expected to remain robust going forward.
Central Finance has also ventured into importing and selling vehicles, to complement their financing business.
The firm also undertakes real estate development on a selective basis.
Looking ahead, the compa