CARE upgrades Shriram Finance's credit rating to AAA

Shriram Finance, a big non-bank lender in India, got its credit rating upgraded to the highest level, AAA, by CARE Ratings.

This means the company is seen as very safe for lending.

The upgrade comes after the company showed strong financial performance.

Additionally, a big Japanese bank, MUFG, is investing a huge amount of money, about $4.4 billion, to buy a 20% stake in Shriram Finance.

This is the largest foreign investment in India's financial sector.

The company's stock has been doing well recently, rising by 16% over six sessions.

Shriram Finance mainly helps people finance commercial vehicles, tractors, and passenger cars.