Shriram Finance announced that its credit ratings have been upgraded by CARE Ratings. The ratings for Non-Convertible Debentures and Subordinated Debt were upgraded to CARE AAA; Stable from CARE AA+; Stable. Furthermore, the CARE A1+ rating for the Company’s Commercial Paper has been reaffirmed. These rating actions reflect the company’s solid financial performance and stability.
Credit Rating Upgrade
Shriram Finance has received an upgrade in its credit ratings from CARE Ratings. The announcement was made on December 29, 2025, following a review of the company’s operational and financial performance.
Details of the Rating Actions
The specific rating actions include:
- Upgrade of the credit ratings assigned to the Company’s Non-Convertible Debentures and Subordinated Debt to “CARE AAA; Stable” from “CARE AA+; Stable”.
- Reaffirmation of the “CARE A1+” rating for the Company’s Commercial Paper.
Rationale Behind the Upgrade
The upgrade and reaffirmation of ratings are based on CARE Ratings’ assessment of Shriram Finance’s operational and financial performance for the fiscal year FY25 (Audited) and H1FY26 (Unaudited). The ratings agency considered recent developments and their potential impact on the company’s credit profile.
Implications for Shriram Finance
The improved credit ratings are expected to enhance investor confidence and could lead to more favorable terms for future debt issuances. The CARE AAA; Stable rating indicates a high degree of safety regarding timely servicing of financial obligations.
Source: BSE
