Shriram Finance Limited — Credit Ratings, 31-12-2025: Credit Rating- Revision

ICRA Limited has placed Shriram Finance's [ICRA]AA+ ratings for Fixed Deposit and Non-Convertible Debenture Programmes on 'Watch with Positive Implications'. This outlook change stems from a proposed Rs. 39,618 Cr equity infusion by MUFG Bank. The deal is set to significantly strengthen Shriram Finance's capital, credit profile, and funding costs, boosting growth potential.