Credit rating agency, CARE has reaffirmed the assigned ‘A1+’ rating to STD programme of Shriram City Union Finance (SCUFL) for Rs 375.00 crore. Instruments with this rating would have strong capacity for timely payment of short-term debt obligations and carry lowest credit risk.
The rating factors in SCUFL’s position as a niche player in the semi urban and rural areas, the company’s strong business model reflected through its high collection efficiency and good asset quality. SCUFL’s ability to maintain asset quality and its ability to raise capital going forward so as to sustain future growth of the business would remain the key rating sensitivities.
Shriram City Union Finance, part of Chennai-based Shriram group, has a comprehensive range of financing two wheelers, three wheelers, four wheeler finance, personal loans and loan against gold. With over 1000 business outlets across the country, the company enjoys a high credit rating.
Company Name | CMP |
---|---|
Bajaj Finance | 6773.05 |
Shriram Finance | 2487.00 |
Aditya Birla Capital | 234.05 |
SBI Cards AndPayment | 754.80 |
Chola Invest & Fin. | 1172.30 |
View more.. |