Credit rating agency, CARE has assigned AA rating to Shriram City Union Finance’s Non-Convertible Debentures (NCD) programme worth Rs 500 crore.
The company has received the said rating on the back of the company’s strong resource raising ability with diversified funding base and comfortable liquidity profile, good overall asset quality, healthy profitability indicators and experienced management.
Shriram City Union Finance has presence in the following business segments - loan Against Gold (LAG), Small Business Finance Loans (SBF), Auto Loans, 2-Wheeler loans, Personal Loans and Consumer Durables Loans.
