Shriram Finance Limited — Credit Ratings, 09-05-2026: Credit Rating- Revision

Shriram Finance's long-term corporate family rating was upgraded by Moody's Ratings to Baa3 from Ba1, with the outlook changing to stable from positive. This reflects a material strengthening of the credit profile due to MUFG Bank's strategic equity investment of INR 39,600 Cr (US$4.4 billion) for a 20% stake, boosting capital and market access.