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SFL's outstanding ratings reaffirmed

CHENNAI: The rating agency Credit Rating and Information Services of India has reaffirmed the FAA+ rating for the fixed deposit programme and the P1+ rating for the Rs. 300 crore short-term debt programme of Sundaram Finance (SFL). The ratings continued to reflect the consistently improving and strong asset quality of the company's core retail finance business of commercial vehicle financing, its good market position in the commercial vehicle finance segment in the face of increasing competition as well as its diversified business profile, the rating agency has stated in a release. — Our Bureau

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