Spandana Sphoorty Financial Limited — Credit Ratings, 03-07-2026: Credit Rating

Care Ratings Limited has reaffirmed Spandana Sphoorty's long-term bank facilities and Non-convertible Debentures at CARE BBB+ (Stable) and Commercial Paper at CARE A2. The stable outlook reflects adequate capitalisation, experienced management, and improving asset quality. The company aims for operational scale-up and profitability improvement after past losses.