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S&P affirms ratings of Shriram Transport Finance

16 Dec 2020 Evaluate

Credit rating agency -- S&P Global Ratings (S&P) has affirmed Shriram Transport Finance Company’s long-term issuer Credit Rating at BB- and short-term issuer rating at B with Stable outlook on the long-term rating. With regard to senior secured notes issued by the Company S&P affirmed their BB- rating. S&P removed the ratings from CreditWatch.

Shriram Transport Finance Company is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC.

 

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