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Entity-Specific Rating Rationales

31 Dec 2025

Shriram Finance Limited: Rating placed on Watch with Positive Implications

Shriram Finance Limited: Rating placed on Watch with Positive Implications

29 Dec 2025

Shriram Finance Limited: Provisional ratings assigned to PTCs backed by commercial vehicle, construction equipment and tractor loan receivables issued by Sansar Dec 2025 Trust

Shriram Finance Limited: Provisional ratings assigned to PTCs backed by commercial vehicle, construction equipment and tractor loan receivables issued by Sansar Dec 2025 Trust

15 Dec 2025

Shriram Finance Limited: Provisional ratings assigned to PTCs backed by commercial vehicle, passenger vehicle, construction equipment and two wheeler loan receivables issued by Sansar Nov 2025 Trust

Shriram Finance Limited: Provisional ratings assigned to PTCs backed by commercial vehicle, passenger vehicle, construction equipment and two wheeler loan receivables issued by Sansar Nov 2025 Trust

24 Nov 2025

Shriram Finance Limited: Provisional ratings assigned to PTCs backed by commercial vehicle, construction equipment and tractor loan receivables issued by Sansar October 2025 II Trust

Shriram Finance Limited: Provisional ratings assigned to PTCs backed by commercial vehicle, construction equipment and tractor loan receivables issued by Sansar October 2025 II Trust

21 Nov 2025

Shriram Finance Limited: Rating withdrawn for PTCs issued under vehicle loan securitisation transaction

Shriram Finance Limited: Rating withdrawn for PTCs issued under vehicle loan securitisation transaction

30 Oct 2025

Shriram Finance Limited: Rating withdrawn for Assignee Payouts issued under vehicle loan securitisation transaction

Shriram Finance Limited: Rating withdrawn for Assignee Payouts issued under vehicle loan securitisation transaction

17 Oct 2025

Shriram Finance Limited: Ratings reaffirmed for PTCs issued under two vehicle loan securitisation transactions

Shriram Finance Limited: Ratings reaffirmed for PTCs issued under two vehicle loan securitisation transactions

29 Sep 2025

Shriram Finance Limited: Ratings confirmed as final for PTCs backed by vehicle, construction equipment and tractor loan receivables issued by Sansar June 2025 IV Trust

Shriram Finance Limited: Ratings confirmed as final for PTCs backed by vehicle, construction equipment and tractor loan receivables issued by Sansar June 2025 IV Trust

24 Jul 2025

Shriram Finance Limited: Rating reaffirmed for PTCs issued under vehicle loan securitisation transaction

Shriram Finance Limited: Rating reaffirmed for PTCs issued under vehicle loan securitisation transaction

24 Jul 2025

Shriram Finance Limited: Rating reaffirmed for assignee payouts issued under a vehicle loan securitisation transaction

Shriram Finance Limited: Rating reaffirmed for assignee payouts issued under a vehicle loan securitisation transaction


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Entity-Specific Credit Perspective Reports

13 Jan 2026

Shriram Finance Limited

Shriram Finance Limited (SF)

18 Dec 2025

Shriram Finance Limited

Shriram Finance Limited (SF)

04 Dec 2025

Shriram Finance Limited

Shriram Finance Limited (SF)

08 Jul 2025

Shriram Finance Limited

Shriram Finance Limited (SF)

25 Jun 2025

Shriram Finance Limited

Shriram Finance Limited (SF)

24 Mar 2025

Shriram Finance Limited

Shriram Finance Limited (SF)

04 Mar 2025

Shriram Finance Limited

Shriram Finance Limited (SF)

10 Feb 2025

Shriram Finance Limited

Shriram Finance Limited (Non-SF)

02 Jan 2025

Shriram Finance Limited

Shriram Finance Limited (SF)

09 Dec 2024

Shriram Finance Limited

Shriram Finance Limited (SF)


Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Fixed Deposit -- -- [ICRA]AA+ Rating Watch with Positive Implications --
Non Convertible Debenture -- -- [ICRA]AA+ Rating Watch with Positive Implications --
Series A PTCs -- -- Provisional [ICRA]AAA(SO) --
Second Loss Facility -- -- Provisional [ICRA]A-(SO) --
Series A1 PTCs -- -- Provisional [ICRA]AAA(SO) --
Series A PTCs -- -- Provisional [ICRA]AAA (SO) --
Second Loss Facility -- -- Provisional [ICRA]A- (SO) --
PTC Series A1 -- -- Withdrawn --
Assignee Payouts -- -- Withdrawn --
Assignee Payouts -- -- Withdrawn --

Our Analysts

Analyst 1

Ritu Rita

Analyst 2

Anubhav Agrawal

Sector Head

Manushree Sagar
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