SBFC Finance Ltd (SBFC) — Announcement | 23 September 2026 (2 announcements)

SBFC Finance Limited announced that CARE Ratings reaffirmed its credit ratings for bank facilities, commercial paper, and non-convertible debentures, upgrading the outlook from stable to positive while maintaining AA- ratings. The bank facilities rating was enhanced to 6,000 crore from 2,500 crore, reflecting expanded capacity. This positive revision signals improved financial standing and future growth potential for investors.

SBFC Finance disclosed that India Ratings affirmed the 'IND AA(SO)/Stable' rating for Series A1 securitised notes of Prime Trust SBL Aug 22, an asset-backed security it originated. The rating letter was received on September 22, 2026, confirming no change from the previous assessment. The transaction involves INR 376.25 million in floating-rate notes linked to ICICI MCLR, backed by micro-SME loans with 59.85 months average seasoning and 2.57% delinquency. The company highlighted strong collection efficiency (97.9%) and internal/external credit enhancement (36.99% spread plus 21.76% equity subordination), though geographical concentration in Karnataka, Telangana, and Madhya Pradesh poses sector-specific risks.