Credit rating agency, CARE has assigned ‘AA’ rating to Shriram City Union Finance’s Non-Convertible Debentures (NCD) issue worth Rs 200 crore.
The rating derives strength from the position of the company as a niche player in the rural and semi-urban market offering diversified asset-financing products, its strong resource raising ability with diversified funding base and comfortable liquidity profile, good overall asset quality notwithstanding moderation witnessed during FY13, 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.
