Credit rating agency, ICRA has upgraded the rating assigned to bank facilities of Sundaram Finance. The agency has upgraded rating assigned to Non Convertible Debentures, Subordinated Debentures, Long Term Loans from Banks, Fund Based and Non-Fund Based limits to ‘AAA’ with stable outlook from ‘AA+’ with positive outlook.
Sundaram Finance, headquartered in Chennai, is a leading player in Retail Finance with presence across multiple facets of the Financial Services industry including Vehicle Finance, Home Finance, Mutual Fund, General Insurance and Financial Services Distribution.