CARE downgrades credit ratings of Spandana Sphoorty Financial
Spandana Sphoorty Financial announced that CARE Ratings has downgraded rating has downgraded rating to CARE A- (Stable), for existing instruments of the Company.
Long term rating (Rs 800 crore) - CARE A- (Stable); downgraded from
CARE A Negative
Non convertible debentures (Rs 500 crore) - CARE A- (Stable); downgraded from CARE A Negative
Non convertible debentures (Rs 200 crore) - CARE A- (Stable); downgraded from CARE A Negative
Commercial paper (Rs 100 crore) - CARE A2+; downgraded from CARE A1
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First Published: Jun 12 2025 | 4:46 PM IST