Shriram Finance Ltd.

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.