Shriram City Union Finance receives ratings action from ICRA

Shriram City Union Finance announced that ICRA has placed the Company's rating on non-convertible debentures and Market Linked Debentures (MLD) on Watch with Positive implications. The instrument-wise rating actions are given below:

Non convertible debenture programme (Rs 525 crore) - ICRA AA%; Rating placed on watch with positive implications

Fixed deposit programme (Rs 7500 crore) - MAA+ (Stable); outstanding

Commercial paper (Rs 3000 crore) - ICRA A1+; outstanding

Market linked debentures (MLD) (Rs 200 crore) - PP-MLD[ICRA]AA%; Rating placed on watch with positive implications

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