Shriram Transport Finance Company Limited fixed deposits rank quite higher in FD interest rates comparison, i.e. FD rates offered by the company are comparatively higher as compared to bank FD rates. Following are the credit ratings provided by CRISIL and ICRA:
|FD Rating of Shriram Transport Fixed Deposits|
|Credit Rating Agency||Rating||Outlook*|
Shriram Transport Finance Limited has a long term ICRA rating of AA (SO), thus indicating very low credit risk.
What is Outlook in credit rating?
The literal meaning of outlook is prospective or the likelihood of something happening in future. For credit rating, outlook indicates if the current rating will improve, go down or remain stable in the near to medium term (generally from 6 months to 2 years). Both, ICRA and CRISIL, provide three types of outlook, viz. Positive, Negative and Stable.
Read on to know the prevailing FD interest rates by Shriram Transport Finance Co. Ltd. along with how tax on FD is charged, features of STFC fixed deposits and more.