Shriram Finance Limited — Credit Ratings, 29-12-2025: Credit Rating- Revision

Shriram Finance's Non-Convertible Debentures (₹2,368.88 Cr) and Subordinated Debt (₹156.10 Cr) have been upgraded by CARE Ratings to 'CARE AAA; Stable' from 'CARE AA+; Stable'. Its Commercial Paper (₹7,500.00 Cr) rating was reaffirmed at 'CARE A1+'. These actions reflect the company's strong operational and financial performance in FY25 and H1FY26.