Shriram Finance upgraded by Fitch to BBB- from BB+; removed from Rating Watch Positive
Shriram Finance · Finance
Key highlights
- Fitch upgraded Long-Term Foreign and Local Currency IDRs to BBB- from BB+ with Stable outlook, and Short-Term IDR to F3 from B, in a publication dated April 14, 2026
- Ratings removed from Rating Watch Positive after completion of MUFG Bank's agreed acquisition of a 20% stake in SFL, following regulatory approvals
- Senior secured rating upgraded to BBB- from BB+; Fitch gives a one-notch uplift from the standalone credit profile for MUFG's strategic investment
Why it's rated notable: the amount is 76% of annual revenue (50% or more)
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.
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More from Shriram Finance
- OtherNotable· Adverse for the businessShriram Finance Limited fined ₹67.90 crore penalty for AY 2009-10 tax violation
- Credit ratingNotableMoody's upgrades Shriram Finance's long-term rating to Baa3 from Ba1; outlook stable
- 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
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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.