Shriram Finance Ltd.

Credit rating agency, CARE has assigned ‘AA+’ rating to Shriram Transport Finance Co’s proposed Secured / Unsecured Non Convertible Debenture (NCD) issue for an aggregate amount of Rs 1,000 crore with maturity between 2-7 years. Instruments with this rating are considered to offer high safety for timely servicing of debt obligations. Such instruments carry very low credit risk.

The rating factors in the company’s dominant position and almost three decades of experience in the pre-owned commercial vehicle (CV) financing segment, its overall healthy profitability parameters, its strong resource raising capabilities and its proactive and experienced management team.

Shriram Equipment Finance Company provides hire purchase/loan financing for equipment, primarily construction equipment.