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Shriram Finance Limited ( (IN:SHRIRAMFIN) ) just unveiled an announcement.
CRISIL Ratings has upgraded Shriram Finance Limited’s long-term rating on bank loan facilities, fixed deposits, non-convertible debentures, subordinated debt and principal protected market-linked debentures to ‘CRISIL AAA/CRISIL PPMLD AAA/Stable’ from ‘CRISIL AA+’, and removed the earlier watch with positive implications while reaffirming the ‘CRISIL A1+’ short-term rating. On the company’s request, CRISIL also withdrew ratings on certain debentures and subordinated debt that have been fully redeemed, a move that underscores the company’s improved credit profile and may support lower borrowing costs and stronger positioning in India’s debt capital markets.
More about Shriram Finance Limited
Shriram Finance Limited is a non-banking financial company in India focused on retail and wholesale lending, including bank loan facilities, fixed deposits, debentures and other credit instruments. The company operates across multiple funding channels in the domestic credit markets, making external ratings critical for its cost of capital and access to diversified sources of funds.
Average Trading Volume: 333,542
Technical Sentiment Signal: Buy
Current Market Cap: 1925.9B INR
For an in-depth examination of SHRIRAMFIN stock, go to TipRanks’ Overview page.