Moody's Affirms Shriram Finance Ba1 Rating, Revises Outlook to Positive on MUFG Bank Investment
Published on: Jan. 10, 2026, 12:24 p.m. | Source: scanx.trade
Moody's has affirmed Shriram Finance's Ba1 rating while upgrading the outlook to positive following MUFG Bank's planned ₹396.00 billion investment for a 20% stake. The transaction, expected to close in 2026, will significantly strengthen the company's capital position with TCE/TMA ratio projected to increase from 19.00% to over 29.00%. Moody's expects improved profitability and reduced funding costs by 100 basis points over two years, while maintaining stable asset quality outlook.
