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Entity-Specific Rating Rationales

19 Dec 2024

Berar Finance Limited: Provisional [ICRA]A-(SO) assigned to Series A1 PTC backed by two-wheeler loan receivables issued by Duchess 2024

Berar Finance Limited: Provisional [ICRA]A-(SO) assigned to Series A1 PTC backed by two-wheeler loan receivables issued by Duchess 2024

28 Nov 2024

Berar Finance Limited: Ratings reaffirmed and ratings withdrawn for matured instruments

Berar Finance Limited: Ratings reaffirmed and ratings withdrawn for matured instruments

25 Oct 2024

Berar Finance Limited: Ratings confirmed as final for PTCs backed by two-wheeler loan receivables issued by Hulk 2024

Berar Finance Limited: Ratings confirmed as final for PTCs backed by two-wheeler loan receivables issued by Hulk 2024

08 Oct 2024

Berar Finance Limited: Provisional [ICRA]A+(SO) assigned to Series A1 PTC and Provisional [ICRA]BBB+(SO) assigned to Equity Tranche PTC backed by two-wheeler loan receivables issued by Trisul 09 2024

Berar Finance Limited: Provisional [ICRA]A+(SO) assigned to Series A1 PTC and Provisional [ICRA]BBB+(SO) assigned to Equity Tranche PTC backed by two-wheeler loan receivables issued by Trisul 09 2024

29 Jul 2024

Berar Finance Limited: Provisional [ICRA]A-(SO) assigned to Series A1 PTC backed by two-wheeler loan receivables issued by Hulk 2024

Berar Finance Limited: Provisional [ICRA]A-(SO) assigned to Series A1 PTC backed by two-wheeler loan receivables issued by Hulk 2024

22 Dec 2023

Berar Finance Limited: Ratings confirmed as final for PTCs backed by two-wheeler loan receivables issued by Knight 09 2023

Berar Finance Limited: Ratings confirmed as final for PTCs backed by two-wheeler loan receivables issued by Knight 09 2023

07 Dec 2023

Berar Finance Limited: Ratings reaffirmed; Rating withdrawn for fixed deposit and non-convertible debentures

Berar Finance Limited: Ratings reaffirmed; Rating withdrawn for fixed deposit and non-convertible debentures

18 Oct 2023

Berar Finance Limited: Ratings withdrawn for PTCs backed by two wheeler loan receivables securitisation transaction

Berar Finance Limited: Ratings withdrawn for PTCs backed by two wheeler loan receivables securitisation transaction

06 Oct 2023

Berar Finance Limited: Provisional [ICRA]A-(SO) assigned to Series A1 PTC backed by two-wheeler loan receivables issued by Knight 09 2023

Berar Finance Limited: Provisional [ICRA]A-(SO) assigned to Series A1 PTC backed by two-wheeler loan receivables issued by Knight 09 2023

02 May 2023

Berar Finance Limited: Rating reaffirmed, removed from non-cooperation and withdrawn for bank lines

Berar Finance Limited: Rating reaffirmed, removed from non-cooperation and withdrawn for bank lines


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Entity-Specific Credit Perspective Reports

19 Dec 2024

Berar Finance Limited

Berar Finance Limited (SF)

08 Oct 2024

Berar Finance Limited

Berar Finance Limited (SF)

06 Aug 2024

Berar Finance Limited

Berar Finance Limited (SF)

06 Oct 2023

Berar Finance Limited

Berar Finance Limited (SF)

19 May 2023

Berar Finance Limited

Berar Finance Limited (Non-SF)

12 Jan 2022

Berar Finance Limited

Berar Finance Limited (SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Series A1 PTC -- -- Provisional [ICRA]A- (SO) --
Non-Convertible Debentures -- -- [ICRA]BBB(Stable) --
Principal protected non-convertible market linked debentures -- -- Withdrawn --
Series A1 PTC -- -- [ICRA]A-(SO) --
Series A1 PTC -- -- Provisional [ICRA]A+ (SO) --
Equity Tranche PTC -- -- Provisional [ICRA]BBB+ (SO) --
Series A1 PTC -- -- [ICRA]A-(SO) --
Fixed Deposit -- -- Withdrawn --
PTC Series A -- -- Withdrawn --
Term Loan -- -- Withdrawn --

Our Analysts

Analyst 1

Vishal Oza

Analyst 2

Himanshi Doshi

Sector Head

Abhishek Dafria
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