India Ratings & Research (Ind-Ra) has affirmed Aditya Birla Finance (ABFL) long-term issuer rating at 'AA+' with a stable outlook and its Short-Term Issuer Rating at 'A1+'. The agency has also affirmed ABFL's Rs 25 billion senior debt (NCDs) and Rs 6 billion lower tier 2 subordinate debt at Long-Term 'AA+' with a stable outlook.

The ratings reflect the credit strength of Aditya Birla Nuvo (ABNL)-ABFL's parent (shareholding 99.99%)-and its ability to provide timely financial support to ABFL, both ongoing and during any crisis, without impacting its own credit profile. ABFL has emerged as a growth driver for ABNL's financial services business vertical which is a high focus segment for the Aditya Birla group.