Shriram Finance Limited has informed the Exchange about Credit Rating
SHRIRAMFIN · price
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Moody's has affirmed Shriram Finance's Ba1 long-term corporate family rating and revised its outlook from stable to positive. The upgrade in outlook follows the announcement that MUFG Bank plans to acquire a 20% stake in Shriram Finance through a preferential share allotment worth about INR 396 billion (around $4.4 billion), expected to close in 2026. Post-transaction, the company's capital ratio (TCE/TMA) is expected to rise sharply to above 29% from around 19% as of March 2025, and funding costs are likely to decline by about 100 basis points over the next two years. Moody's also expects debt maturity coverage to improve to over 90% from 31%. Shriram Finance had consolidated assets of INR 2.99 trillion as of September 30, 2025, and is among the largest rated NBFCs in India.
Positive for shareholders — the outlook upgrade signals that a further rating upgrade is possible, reflecting stronger capital, lower funding costs, and a high-profile global partner (MUFG Bank) coming on board. This typically lifts investor confidence and can support lower borrowing costs for the company.