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

Moody’s has affirmed Shriram Finance’s Ba1 rating and revised its outlook to positive following MUFG Bank’s planned $4.4 billion investment for a 20% stake. The capital infusion is expected to strengthen SFL’s capitalisation, funding access, and profitability, positioning it among India’s highest-capitalised non-banking finance companies.