Cracking the CP Market: How We Secured the A3+ Rating Needed for a ₹30 Cr Commercial Paper Issuance

The FinMen FinTech Bridge Rating agencies often struggle to evaluate modern fintechs that combine broking, PMS, and tax solutions under one roof. When agencies see "complexity," they often assign a lower rating by default—which can kill a Commercial Paper (CP) mandate before it even begins. At FinMen Advisors, we act as your technical translator. We simplify your dashboards, walk analysts through your digital risk management, and turn "business complexity" into "investment-grade clarity."

Finance Industry Case Study

Helped a fintech startup with broking and PMS services secure the A3+ rating needed for ₹30 Cr CP issuance, overcoming limited market exposure and initial rating hurdles. This unlocked vital short-term funding, fuelling MTM book growth and enhancing financial strength and market agility.

About Company A fintech company engaged in offering a diverse range of digital financial services and products through its group companies, including broking, portfolio management services (PMS), and tax filing solutions.

Problem Despite having a term sheet in place, the company faced challenges in raising Commercial Papers (CPs) due to limited market exposure and a low credit rating. The minimum required rating for issuing CPs was A3, which the company did not meet, creating a significant hurdle in accessing short-term funding.

Solution FinMen Advisors addressed the challenge by offering innovative insights to the rating agency, enabling a deeper and clearer understanding of the fintech’s complex business model. They simplified key metrics, guided the rating agency through complex processes, and provided walkthroughs of the company’s dashboards to ensure clarity. This structured approach helped the agency fully recognize the company’s strengths and growth potential.

Impact FinMen Advisors' intervention led to an upgrade to an A3+ rating, enabling successful CP issuance and unlocking vital short-term funding. This enhanced rating facilitated the growth of the company's MTM book, strengthening its financial position and market competitiveness.

Why Tech-Driven Finance Firms Partner with FinMen Advisors

Accessing capital market instruments requires more than a term sheet—it requires a credit rating that speaks the language of institutional investors:

• Simplifying Complex Ecosystems: We break down multi-entity group structures and diverse service lines (Broking, PMS, Tax) into a unified, transparent credit story.

• Direct Dashboard Advocacy: We don't just send PDFs. We walk rating analysts through your proprietary technology and risk-management dashboards to prove operational rigor.

• Unlocking CP Markets: We understand the technical thresholds of the capital markets. We focus specifically on hitting the "A3 and above" benchmarks required for Commercial Paper issuance.

• Fueling MTM & Book Growth: By lowering the cost of short-term funding, we provide the fuel needed to scale your Margin Trade Funding (MTF) and MTM books, directly driving profitability.

Is your current rating blocking your access to the Commercial Paper market? Don’t let "limited exposure" stop a ₹30 Cr issuance. Let FinMen Advisors provide the structured approach and technical walkthroughs needed to secure your A3+ rating.

Connect with FinMen Advisors today. Let’s turn your fintech complexity into capital market success.