SBFC Finance Limited has announced that CARE Ratings Limited has reaffirmed its CARE A1+ rating for the company’s Commercial Paper program. This rating applies to an aggregate issue size of ₹200.00 crore. The reaffirmation reflects the company’s ongoing creditworthiness and financial stability. As per the agency’s guidelines, this rating remains valid for the tenure of the instruments upon issuance, provided they are placed by June 28, 2026.
Credit Rating Reaffirmation
On April 29, 2026, SBFC Finance Limited received confirmation from CARE Ratings Limited regarding its short-term debt instruments. The credit rating agency has officially reaffirmed the CARE A1+ rating assigned to the company’s Commercial Paper program, which carries an aggregate limit of ₹200.00 crore. This rating action serves as a validation of the company’s financial discipline and debt management capabilities.
Details of the Commercial Paper Program
The CARE A1+ rating is indicative of the highest degree of safety regarding the timely payment of financial obligations. The rating is applicable for a total volume of ₹200.00 crore with a maturity period of up to one year. The company has been advised by the rating agency to ensure the instruments are placed by June 28, 2026, failing which a revalidation of the rating will be required. Once placed, the rating will remain effective for the full tenure of the individual instruments until their final redemption.
Standard Surveillance and Compliance
As part of its standard monitoring process, CARE Ratings maintains the right to conduct periodic surveillance of the company’s credit profile. The agency will continue to monitor the debt program throughout the lifetime of the instruments to ensure adherence to financial standards. SBFC Finance Limited remains committed to providing all necessary information to the rating agency to facilitate ongoing assessments, ensuring transparency for all market participants and stakeholders.
Source: BSE
