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First Russian publicly listed firm in India gets global issuer rating from CareEdge
Business
Published on 26 April 2026
CareEdge awards a B minus rating in India
PJSC MGKL, Russia’s first publicly listed resale operator, has received a CareEdge B minus stable global long-term issuer rating from CareEdge Global IFSC Limited. The development makes MGKL the first Russian company to secure a global-scale issuer rating in India, signaling growing cross-border capital market assessment by Indian rating providers.
- PJSC MGKL becomes the first Russian firm rated in India
- CareEdge Global IFSC assigns CareEdge B minus stable
- Rating is global long-term issuer coverage
- Marks a new milestone for Russian-listed entities
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times