11-Sept-2026 17:32:47

PIRAMAL FINANCE : MOODY'S UPGRADES RATINGS TO BA2

• Moody's Ratings has upgraded Piramal Finance Limited's Long-Term Corporate Family Rating (CFR) and Senior Secured Debt Rating to 'Ba2' from 'Ba3'. • This follows S&P's upgrade to 'BB' from 'BB-' in February 2026. • Moody's cited the company's substantial reduction in legacy assets, improved capitalisation, and expectation of improving profitability. • The agency also noted the company's diversified funding profile and improving credit profile supported lower funding costs. • The company's domestic credit profile has also improved since January 2026, with CRISIL assigning an AA+/Stable rating, and ICRA and CARE Ratings upgrading the company's long-term rating to AA+/Stable.

Piramal Finance Limited

← Back to feed