Rating agencies, Fitch Ratings and S&P Global Ratings, revised Shriram Transport Finance Company Limited's (STFC) credit rating. Fitch Ratings affirmed STFC’s long-term issuer default rating (IDR) at 'BB+’ with 'stable outlook' and S&P Global Ratings has affirmed 'BB+/B' issuer credit ratings on the company and 'BB+' long-term issue rating on its senior secured notes, also revising the outlook to 'negative' from 'stable' on the basis of weaker economic condition