SG Finserve Limited announced that ICRA has reaffirmed its credit ratings for various instruments of the company. The rating agency reaffirmed the [ICRA]AA(CE)/(Stable) rating for long-term fund-based/non-fund-based bank facilities totaling ₹650 crore and for proposed non-convertible debentures of ₹150 crore. Additionally, existing non-convertible debentures of ₹50 crore also had their [ICRA]AA(CE)/(Stable) rating reaffirmed. ICRA also reaffirmed the [ICRA]A1+ rating for commercial paper worth ₹200 crore. For proposed long-term fund-based/non-fund-based bank facilities of ₹300 crore, the rating was reaffirmed as Provisional [ICRA]AA(CE)/(Stable). A new assignment was made for fund-based bank facilities of ₹50 crore, rated Provisional [ICRA]AA(CE) with the outlook revised to Stable. The credit rating communications from ICRA, dated December 23, 2025, were received on December 24, 2025. The ratings reflect the company's creditworthiness and are subject to periodic surveillance by ICRA.