Shriram Finance has received upgraded credit ratings from CARE Ratings. The ratings for Non-Convertible Debentures and Subordinated Debt have been elevated to CARE AAA; Stable from CARE AA+; Stable. Furthermore, the CARE A1+ rating for the company’s Commercial Paper has been reaffirmed. These ratings reflect the company’s strong financial standing and stable outlook.
Credit Rating Upgrade
Shriram Finance announced that CARE Ratings Limited has upgraded the credit ratings assigned to the company’s debt instruments. The letters from CARE Ratings were received on December 29, 2025.
Details of the Rating Actions
The credit ratings for the following instruments have been upgraded:
- Non-Convertible Debentures and Subordinated Debt: Upgraded to CARE AAA; Stable from CARE AA+; Stable
- Commercial Paper: Rating reaffirmed at CARE A1+
The upgrade reflects CARE Ratings’ assessment of Shriram Finance’s improved credit profile. The rating of CARE AAA; Stable is the highest rating that CARE assigns. CARE Ratings noted that the upgrade is due to recent operational and financial performance of the company for FY25 and H1FY26.
Source: BSE
