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Research Reports

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Entity-Specific Rating Rationales

14 May 2024

SATYA MicroCapital Ltd.: Rating withdrawn for Rs. 25-crore NCD programme

SATYA MicroCapital Ltd.: Rating withdrawn for Rs. 25-crore NCD programme

02 Apr 2024

SATYA MicroCapital Ltd.: Ratings reaffirmed

SATYA MicroCapital Ltd.: Ratings reaffirmed

13 Mar 2024

Satya MicroCapital Ltd.: Ratings withdrawn for PTCs backed by microfinance loan receivables securitisation transaction

Satya MicroCapital Ltd.: Ratings withdrawn for PTCs backed by microfinance loan receivables securitisation transaction

21 Feb 2024

SATYA MicroCapital Ltd.: [ICRA]BBB+ (Stable) assigned to Rs. 50-crore NCD programme

SATYA MicroCapital Ltd.: [ICRA]BBB+ (Stable) assigned to Rs. 50-crore NCD programme

16 Feb 2024

SATYA MicroCapital Ltd.: Rating reaffirmed; Rated amount enhanced

SATYA MicroCapital Ltd.: Rating reaffirmed; Rated amount enhanced

12 Jan 2024

Satya MicroCapital Ltd.: Rating reaffirmed for PTCs issued under microfinance loan securitisation transaction

Satya MicroCapital Ltd.: Rating reaffirmed for PTCs issued under microfinance loan securitisation transaction

14 Dec 2023

SATYA MicroCapital Ltd.: [ICRA]BBB+ (Stable) assigned to Rs. 50-crore NCD programme

SATYA MicroCapital Ltd.: [ICRA]BBB+ (Stable) assigned to Rs. 50-crore NCD programme

09 Nov 2023

SATYA MicroCapital Ltd.: Ratings reaffirmed; [ICRA]BBB+ (Stable) assigned for enhanced amount

SATYA MicroCapital Ltd.: Ratings reaffirmed; [ICRA]BBB+ (Stable) assigned for enhanced amount

02 Nov 2023

Satya MicroCapital Ltd.: Ratings upgraded for PTCs issued under microfinance loan securitisation transaction

Satya MicroCapital Ltd.: Ratings upgraded for PTCs issued under microfinance loan securitisation transaction

02 Nov 2023

Satya MicroCapital Ltd.: Rating upgraded for PTC issued under microfinance loan securitisation transaction

Satya MicroCapital Ltd.: Rating upgraded for PTC issued under microfinance loan securitisation transaction


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Entity-Specific Credit Prespective Reports

29 Apr 2024

Satya MicroCapital Ltd.

Satya MicroCapital Ltd.

21 Jun 2023

Satya MicroCapital Ltd.

Satya MicroCapital Ltd.

14 Jun 2023

Satya MicroCapital Ltd.

Satya MicroCapital Ltd.

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Non-Convertible Debentures -- -- [ICRA]BBB+(Stable) --
PTC Series A1 -- -- Withdrawn --
PTC Series A2 -- -- Withdrawn --
Bank facilities (LT – Fund based) -- -- [ICRA]BBB+(Stable) --
PTC Series A1 -- -- [ICRA]A+(SO) --
PTC Series A1 -- -- [ICRA]AA(SO) --
SN Series A -- -- Withdrawn --
Tier-II Bonds Programme -- -- [ICRA]BBB+(Stable) --
Market Linked Debenture -- -- [ICRA]BBB+(Stable)PP-MLD --
Subordinated Debt -- -- [ICRA]BBB+(Stable) --

Our Analysts

Analyst 1

Jatin Arora

Analyst 2

Prateek Mittal

Sector Head

Karthik Srinivasan
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