Ind-Ra assigns stable rating to Shriram Transport Finance’s NCDs
20th Nov 2020

Credit rating agency -- India Ratings and Research (Ind-Ra) has assigned ‘Provisional AAA(CE) /Stable’ rating to Shriram Transport Finance Company’s structured Non-Convertible Debentures (NCDs) proposed to be issued by the company up to Rs 40,000 million.

Shriram Transport Finance Company is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC.