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Entity-Specific Rating Rationales

10 Aug 2023

Shriram Finance Limited (erstwhile Shriram Transport Finance Company Limited): Ratings confirmed as final for PTCs backed by vehicle loan receivables issued by Sansar Trust June 2023

Shriram Finance Limited (erstwhile Shriram Transport Finance Company Limited): Ratings confirmed as final for PTCs backed by vehicle loan receivables issued by Sansar Trust June 2023

26 Jul 2023

Shriram Finance Limited (erstwhile Shriram Transport Finance Company Limited): Provisional ratings assigned to PTCs backed by vehicle loan receivables issued by Sansar Trust June 2023 V and second loss facility

Shriram Finance Limited (erstwhile Shriram Transport Finance Company Limited): Provisional ratings assigned to PTCs backed by vehicle loan receivables issued by Sansar Trust June 2023 V and second loss facility

21 Jul 2023

Shriram Finance Limited (erstwhile Shriram Transport Finance Company Limited): Rating reaffirmed for assignee payouts issued under two vehicle loan securitisation transactions

Shriram Finance Limited (erstwhile Shriram Transport Finance Company Limited): Rating reaffirmed for assignee payouts issued under two vehicle loan securitisation transactions

21 Jul 2023

Shriram Finance Limited (erstwhile Shriram Transport Finance Company Limited): Ratings reaffirmed/upgraded for PTCs and second loss facility issued under two vehicle loan securitisation transactions

Shriram Finance Limited (erstwhile Shriram Transport Finance Company Limited): Ratings reaffirmed/upgraded for PTCs and second loss facility issued under two vehicle loan securitisation transactions

29 Jun 2023

Shriram Finance Limited (erstwhile Shriram Transport Finance Company Limited): Provisional [ICRA]AA+(SO) assigned to Series A1 PTCs and Provisional [ICRA]A-(SO) assigned to Series A2 PTCs backed by vehicle loan receivables issued by Sansar Trust June 2023

Shriram Finance Limited (erstwhile Shriram Transport Finance Company Limited): Provisional [ICRA]AA+(SO) assigned to Series A1 PTCs and Provisional [ICRA]A-(SO) assigned to Series A2 PTCs backed by vehicle loan receivables issued by Sansar Trust June 2023

05 Jun 2023

Shriram Finance Limited (erstwhile Shriram Transport Finance Company Limited): Provisional ratings assigned to PTCs backed by vehicle loan receivables issued by Sansar Trust May 2023 III and second loss facility

Shriram Finance Limited (erstwhile Shriram Transport Finance Company Limited): Provisional ratings assigned to PTCs backed by vehicle loan receivables issued by Sansar Trust May 2023 III and second loss facility

16 May 2023

Shriram Finance Limited (erstwhile Shriram Transport Finance Company Limited): Ratings confirmed as final for PTCs and second loss facility backed by vehicle loan receivables issued by Sansar Trust March 2023

Shriram Finance Limited (erstwhile Shriram Transport Finance Company Limited): Ratings confirmed as final for PTCs and second loss facility backed by vehicle loan receivables issued by Sansar Trust March 2023

16 May 2023

Shriram Finance Limited (erstwhile Shriram Transport Finance Company Limited): Ratings confirmed as final for PTCs and second loss facility backed by vehicle loan receivables issued by Sansar Trust March 2023 VII

Shriram Finance Limited (erstwhile Shriram Transport Finance Company Limited): Ratings confirmed as final for PTCs and second loss facility backed by vehicle loan receivables issued by Sansar Trust March 2023 VII

16 May 2023

Shriram Finance Limited (erstwhile Shriram Transport Finance Company Limited): Rating withdrawn for PTCs issued under vehicle loan securitisation transaction

Shriram Finance Limited (erstwhile Shriram Transport Finance Company Limited): Rating withdrawn for PTCs issued under vehicle loan securitisation transaction

31 Mar 2023

Shriram Finance Limited (erstwhile Shriram Transport Finance Company Limited): Provisional [ICRA]AAA(SO) assigned to PTCs backed by vehicle loan receivables issued by Sansar Trust March 2023 VII

Shriram Finance Limited (erstwhile Shriram Transport Finance Company Limited): Provisional [ICRA]AAA(SO) assigned to PTCs backed by vehicle loan receivables issued by Sansar Trust March 2023 VII