CARE Ratings Upgrades Piramal Finance's Credit Rating to 'AA+; Stable'
CARE Ratings Limited has upgraded Piramal Finance Limited's credit rating to 'CARE AA+; Stable' from 'CARE AA; Stable' across multiple financial instruments. The upgrade covers long-term bank facilities worth ₹24,000.00 crore and long-term/short-term facilities of ₹4,500.00 crore. The rating agency has also reaffirmed commercial paper ratings at 'CARE A1+' for instruments worth ₹11,000.00 crore. This rating action reflects the company's strong business and financial profile as an Upper Layer NBFC, based on performance for FY25 and 9MFY26.
