SPANDANASpandana Sphoorty Financial Limited
Spandana Sphoorty’s rating affirmed at IND BBB+ with the outlook revised to Stable
- Credit rating
- Microfinance
Spandana Sphoorty Financial Limited has told the exchanges on 7 Oct 2026 that India Ratings and Research has revised its outlook to Stable and affirmed the rating at IND BBB+ on non-convertible debentures and bank loans. The rated debentures are 5,000 million (₹500 crore), reduced from 11,200 million, and the rated bank loans are 10,000 million (₹1,000 crore), reduced from 15,000 million. The rationale is dated 7 Oct 2026.
Inference
The rating level is unchanged and the outlook is now Stable. The rated amounts have fallen by more than half for debentures and by a third for loans, which reflects lower debt in the rated instruments.
Reference: Original filing (PDF)
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