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.
CARE Ratings Upgrades Piramal Finance's Credit Rating to 'AA+; Stable'
