Shriram Finance secures major credit upgrade following MUFG investment. Rating agencies Crisil, ICRA, and India Ratings have elevated the company's long-term credit rating to AAA with Stable outlook from AA+, recognizing the strengthened capital position after MUFG Bank's 39,618 crore investment for a 20 percent stake. The company's networth now exceeds one lakh crore, significantly improving its financial standing. Lower borrowing costs and enhanced access to funds at reduced rates position Shriram Finance for accelerated growth. The leverage ratio improves to 2.5 times, bolstering profitability prospects over the medium term. MUFG's board representation brings additional expertise in technology and compliance, strengthening governance standards across the organization.
