bg-rating-rationales

Entity-Specific Rating Rationales

02 Jan 2024

Cholamandalam Investment and Finance Company Limited: Ratings reaffirmed, and outlook revised to Positive from Stable; Rated amount enhanced

Cholamandalam Investment and Finance Company Limited: Ratings reaffirmed, and outlook revised to Positive from Stable; Rated amount enhanced

29 Dec 2023

Cholamandalam Investment and Finance Company Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A backed by vehicle loan receivables issued by PLATINUM TRUST DEC 2023 – TRANCHE I

Cholamandalam Investment and Finance Company Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A backed by vehicle loan receivables issued by PLATINUM TRUST DEC 2023 – TRANCHE I

30 Nov 2023

Cholamandalam Investment and Finance Company Limited: Provisional [ICRA]AAA(SO) assigned to PTC Series A backed by vehicle loan receivables issued by PLATINUM TRUST NOV 2023 – TRANCHE II; Provisional [ICRA]A-(SO) assigned to second loss facility

Cholamandalam Investment and Finance Company Limited: Provisional [ICRA]AAA(SO) assigned to PTC Series A backed by vehicle loan receivables issued by PLATINUM TRUST NOV 2023 – TRANCHE II; Provisional [ICRA]A-(SO) assigned to second loss facility

20 Nov 2023

Cholamandalam Investment and Finance Company Limited: Ratings confirmed as final for PTCs issued under a vehicle loan receivables securitisation transaction

Cholamandalam Investment and Finance Company Limited: Ratings confirmed as final for PTCs issued under a vehicle loan receivables securitisation transaction

31 Oct 2023

Cholamandalam Investment and Finance Company Limited: Provisional [ICRA]AAA(SO) assigned to PTC Series A backed by vehicle and construction equipment loan receivables issued by PLATINUM TRUST OCT 2023 – TRANCHE I; Provisional [ICRA]A-(SO) assigned to second loss facility

Cholamandalam Investment and Finance Company Limited: Provisional [ICRA]AAA(SO) assigned to PTC Series A backed by vehicle and construction equipment loan receivables issued by PLATINUM TRUST OCT 2023 – TRANCHE I; Provisional [ICRA]A-(SO) assigned to second loss facility

16 Oct 2023

Cholamandalam Investment and Finance Company Limited: Rating withdrawn for PTCs issued under vehicle loan receivables transaction

Cholamandalam Investment and Finance Company Limited: Rating withdrawn for PTCs issued under vehicle loan receivables transaction

12 Oct 2023

Cholamandalam Investment and Finance Company Limited: Ratings confirmed as final for PTCs issued under a vehicle loan receivables securitisation transaction

Cholamandalam Investment and Finance Company Limited: Ratings confirmed as final for PTCs issued under a vehicle loan receivables securitisation transaction

18 Sep 2023

Cholamandalam Investment and Finance Company Limited: Ratings confirmed as final for PTCs issued under a vehicle loan receivables securitisation transaction

Cholamandalam Investment and Finance Company Limited: Ratings confirmed as final for PTCs issued under a vehicle loan receivables securitisation transaction

05 Sep 2023

Cholamandalam Investment and Finance Company Limited: Provisional [ICRA]AAA(SO) assigned to PTC Series A backed by vehicle loan receivables issued by PLATINUM TRUST AUG 2023 – TRANCHE II; Provisional [ICRA]A-(SO) assigned to second loss facility

Cholamandalam Investment and Finance Company Limited: Provisional [ICRA]AAA(SO) assigned to PTC Series A backed by vehicle loan receivables issued by PLATINUM TRUST AUG 2023 – TRANCHE II; Provisional [ICRA]A-(SO) assigned to second loss facility

09 Aug 2023

Cholamandalam Investment and Finance Company Limited: Ratings confirmed as final for PTCs issued under a vehicle loan receivables securitisation transaction

Cholamandalam Investment and Finance Company Limited: Ratings confirmed as final for PTCs issued under a vehicle loan receivables securitisation transaction