Moody's upgrades Piramal Finance rating to Ba2 from Ba3; outlook stable
PIRAMALFIN · price
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Moody's upgraded Piramal Finance's long-term corporate family rating and senior secured debt rating to Ba2 from Ba3, and revised outlook from Positive to Stable. Upgrade reflects sharp drop in stressed assets to 4.7 percent in June 2026 from 11.3 percent in March 2025, ROA rising to 1.7 percent annualized, strong capitalization after recent equity and warrants raise, and expected profitability improvement over two years.
Higher rating lowers borrowing costs and signals improving asset quality, positive for the stock. Outlook shift from Positive to Stable is mildly cautious.