Shriram Finance Limited — Credit Ratings, 03-09-2026: Credit Rating

Shriram Finance received an [ICRA]AAA; Stable rating for its new Rs. 5,000 Cr Non-Convertible Debenture (NCD) program. ICRA also reaffirmed the existing NCDs (Rs. 2,975 Cr) and Fixed Deposit program at [ICRA]AAA; Stable. This reflects SFL's market leadership, strong capital base bolstered by a Rs. 39,618 Cr MUFG infusion, and healthy profitability.