Moody's upgrades Shriram Finance's long-term rating to Baa3 from Ba1; outlook stable
Shriram Finance · Finance
Key highlights
- Moody's upgraded Shriram Finance Limited's corporate family rating from Ba1 to Baa3 on May 8, 2026, with outlook changed to stable from positive
- MUFG Bank acquired a 20% stake through an equity infusion of INR 396 billion (approximately US$4.4 billion) in April 2026
- On a pro forma basis, the tangible common equity to tangible managed assets ratio is approximately 29%, up from around 20% as of March 2026
Why it's rated notable: Moody's rating upgrade to Baa3 from Ba1 with stable outlook is a positive rating action with no amount stated for the rating itself, so the level stays at medium.
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Announcement under Regulation 30 (LODR)-Credit Rating
Read the filing on BSE (PDF) →Companies guiding to strong growth
Ranked by management's own guidance on revenue and margins — not by us.
Aerospace & Defense
Sign up free to see all 6 →
See full rankingsRank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
More from Shriram Finance
- OtherNotable· Adverse for the businessShriram Finance Limited fined ₹67.90 crore penalty for AY 2009-10 tax violation
- Credit ratingNotableShriram Finance upgraded by Fitch to BBB- from BB+; removed from Rating Watch Positive
- Acquisition / mergerNotableMitsubishi UFJ Financial Group acquires 20.11% stake in Shriram Finance Ltd
- Fundraise / allotmentNotableShriram Finance gets listing approval for 47.11 crore shares issued to MUFG Bank
- Credit ratingMajor developmentShriram Finance Ltd upgraded to IND AAA by India Ratings on April 10, 2026
Other credit rating filings this fortnight
- Zeal Aqua bank loan ratings cut to IVR BB+/Negative, moved to Issuer Not Cooperating
- Juniper Green Energy Q2 FY27: total income ₹371.64 Cr, up 132%; PAT ₹53.56 Cr
- Mangalam Global: Infomerics rates loans Rs. 248.45 Crore IVR BBB/Negative, Issuer Not Cooperating
- Shree Refrigerations Limited H1 FY27 Net Profit Up 360.9%; CARE Upgrades Rating
- IDBI Bank's long-term rating placed on Watch with Developing Implications by ICRA
- Archean Chemical's Rs.1531 crore bank facilities downgraded by CRISIL to A-/Stable
Potential multibaggers · Q2 FY27
Potential multibaggers in Finance
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
Portfolio builder
Build your portfolio
from the top-ranked stocks
- 1. Pick 3–15 stocks
- 2. Choose large, mid or small cap and your sectors
- 3. Get a portfolio built from the rankings
Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.