Shriram Finance Limited — Credit Ratings, 17-02-2026: Credit Rating- New

India Ratings & Research affirmed Shriram Finance's 'IND AA+' rating but revised its long-term debt outlook to Positive from Stable. This reflects MUFG Bank's announced 20% stake acquisition, bringing a substantial ₹40,000 Cr equity infusion. This move significantly strengthens SFL's capital, enabling portfolio expansion, better funding costs, and improved customer targeting across key instruments like NCDs and bank loans.