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    ALPHA TRIBE

    Spandana Sphoorty Financial Limited — Credit Ratings, 26-08-2025: Credit Rating

    26-08-2025 | 10:51 pm

    India Ratings & Research has downgraded Spandana Sphoorty Financial's NCDs (₹1,005 Cr) and Bank Loans (₹1,500 Cr) to 'IND BBB+/Negative' from 'IND A-/Negative'. The downgrade reflects continued stress on asset quality, elevated credit costs, and pressure on profitability. The outlook remains Negative.

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