Moody’s Ratings has affirmed Shriram Finance Ltd’s (SFL) Ba1 long-term corporate family rating (CFR). The outlook has been changed to positive from stable. On December 19, 2025, SFL announced that MUFG Bank, Ltd. would acquire a 20% stake in the company through a preferential allotment of shares for ₹39600 crore (about $4.4 billion). The transaction is … Read more
Subsequent to the MUFG news, CARE has upgraded Shriram’s FD credit rating to AAA Stable. This was widely expected and should help the Company in bringing down it’s cost of borrowings.
Markets regulator Securities and Exchange Board of India (SEBI) on Wednesday (July 9, 2025) proposed allowing credit ratings agencies to rate financial instruments regulated by other financial sector regulators. Any agency that expands ratings to such instruments will need to set up a new unit within six months, SEBI said in a consultation paper. SEBI, … Read more
CARE has got feedback from Gensol’s lenders that there have been delays in the servicing of term loan obligation and hence the downgrade from BB+ to D. Company had an outstanding debt of Rs 1,150 cr as at December 31, 2024. It had negative operating cash flows during FY 24. During the current year, the … Read more
Corporate India’s credit profile reported robust performance during FY24, with 312 issuers seeing credit upgrades and 114 facing downgrades during the fiscal year, rating agency India Ratings and Research said on Monday. The rating agency’s corporate downgrade-to-upgrade (D/U) ratio remained low at 0.37 for FY24, but saw some moderation from 0.26 in FY23. Defaults stood … Read more
Corporate India’s credit quality showed a sharp improvement in the second half of FY22, but high input prices and withdrawal of pandemic-related relief measures can pose pressures in the new year, rating agencies said on Friday. Crisil Ratings, which rates a large number of financial sector entities, reported an improvement in the credit ratio — … Read more