Shriram Finance Ltd.

Shriram Transport Finance Company has informed that Fitch Ratings has revised the Outlook on the Company's Long-Term Foreign and Local-Currency Issuer Default Ratings (IDR) to Stable from Negative, and has affirmed the ratings at 'BB'. This is in compliance with Regulation 30 and other applicable Regulations of the Listing Regulations. The Fitch Rating actions are attached.

The above information is a part of company’s filings submitted to BSE.