Moody’s affirms Shriram Finance’s Ba1 rating, outlook revised to positive after MUFG Bank investment

Moodys has affirmed Shriram Finances Ba1 rating and revised its outlook to positive following MUFG Banks planned $4.4 billion investment for a 20% stake. The capital infusion is expected to strengthen SFLs capitalisation, funding access, and profitability, positioning it among Indias highest-capitalised non-banking finance companies.