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Shriram Finance Limited ( (IN:SHRIRAMFIN) ) has provided an update.
Shriram Finance Limited announced that S&P Global Ratings has upgraded the company’s long-term issuer credit rating and senior secured debt rating to BBB-/Stable from BB+/Stable, and its short-term issuer credit rating to A-3 from B. The move to investment-grade territory signals an improvement in the company’s credit profile and risk perception, which could lower its funding costs, enhance market confidence, and strengthen its position among domestic and international lenders and investors.
More about Shriram Finance Limited
Shriram Finance Limited is a non-banking financial company (NBFC) headquartered in India, focused on providing a range of financing solutions. The company operates in the financial services industry, offering loans and other credit products, and its securities are listed on both the BSE and NSE, reflecting its access to capital markets and engagement with a broad base of investors.
Average Trading Volume: 493,972
Technical Sentiment Signal: Buy
Current Market Cap: 1839.9B INR
Learn more about SHRIRAMFIN stock on TipRanks’ Stock Analysis page.