Shriram Finance Limited has informed the Exchange about Crisil AA+/Watch Positive rating has been assigned to the Company s Fixed Deposit Programme by CRISIL Ratings Limited.
SHRIRAMFIN · price
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CRISIL Ratings has assigned a rating of 'AA+' with a 'Watch Positive' outlook to Shriram Finance's Fixed Deposit Programme. The 'AA+' grade signals high safety and strong ability of the company to honour its FD obligations on time. The 'Watch Positive' tag means CRISIL may upgrade the rating further in the near term, based on the company's improving financial profile. This is the first formal rating action from CRISIL on this FD programme as communicated to the exchange. Overall, this is a strong endorsement of the company's financial health and credibility.
Positive for existing and prospective FD investors, as their deposits are considered very safe with potential for an even higher rating soon. Likely supports better FD fundraising and is a constructive signal for the company's overall credit profile.