Shriram Finance Limited — Credit Ratings, 10-04-2026: Credit Rating- Revision

India Ratings & Research upgraded Shriram Finance's long-term debt instruments, including NCDs and bank loans, to 'IND AAA/Stable' from 'IND AA+/Positive'. This upgrade reflects a significant INR 39,618 Cr equity infusion from MUFG Bank, which strengthened SFL's capital, financial flexibility, and funding. Short-term ratings were affirmed.