TEXT-Fitch upgrades STFCL DA Program - Feb 10 - 1's SLCF

Newswire

(The following statement was released by the ratings agency) May 25 - Fitch Ratings has upgraded STFCL DA Program - Feb 10 - 1's second loss credit facility (SLCF) and affirmed the ratings of its purchaser payouts and liquidity facility. This ABS transaction is backed by loans extended by Shriram Transport Finance Company Limited ('AA(ind)'/ Stable/'F1+(ind)') for the purchase of new and used commercial vehicles and tractors. The rating actions are as listed below. INR969.8m purchaser ...

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