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Entity-Specific Rating Rationales

24 Mar 2025

Shriram Finance Limited: Provisional ratings assigned to PTCs backed by vehicle loan receivables issued by Sansar March 2025 Trust

Shriram Finance Limited: Provisional ratings assigned to PTCs backed by vehicle loan receivables issued by Sansar March 2025 Trust

21 Mar 2025

Shriram Finance Limited: Ratings confirmed as final for PTCs backed by vehicle loan receivables issued by Sansar Dec 2024 IV Trust

Shriram Finance Limited: Ratings confirmed as final for PTCs backed by vehicle loan receivables issued by Sansar Dec 2024 IV Trust

19 Mar 2025

Shriram Finance Limited: Ratings reaffirmed for PTCs issued under six vehicle loan securitisation transactions

Shriram Finance Limited: Ratings reaffirmed for PTCs issued under six vehicle loan securitisation transactions

19 Mar 2025

Shriram Finance Limited: Ratings confirmed as final for PTCs backed by vehicle, construction equipment and tractor loan receivables issued by Sansar Aug 2024 X Trust

Shriram Finance Limited: Ratings confirmed as final for PTCs backed by vehicle, construction equipment and tractor loan receivables issued by Sansar Aug 2024 X Trust

17 Mar 2025

Shriram Finance Limited: Ratings confirmed as final for PTCs backed by vehicle and construction equipment loan receivables issued by Sansar Oct 2024 III Trust

Shriram Finance Limited: Ratings confirmed as final for PTCs backed by vehicle and construction equipment loan receivables issued by Sansar Oct 2024 III Trust

18 Feb 2025

Shriram Finance Limited: Provisional ratings assigned to PTCs backed by vehicle, construction equipment, and tractor loan receivables issued by Sansar Feb 2025 Trust

Shriram Finance Limited: Provisional ratings assigned to PTCs backed by vehicle, construction equipment, and tractor loan receivables issued by Sansar Feb 2025 Trust

24 Jan 2025

Shriram Finance Limited: Rating withdrawn for PTCs issued under vehicle loan securitisation transaction

Shriram Finance Limited: Rating withdrawn for PTCs issued under vehicle loan securitisation transaction

10 Jan 2025

Shriram Finance Limited: Rating reaffirmed

Shriram Finance Limited: Rating reaffirmed

24 Dec 2024

Shriram Finance Limited: Provisional ratings assigned to PTCs backed by vehicle, construction equipment, and two-wheeler loan receivables issued by Sansar Dec 2024 IV Trust

Shriram Finance Limited: Provisional ratings assigned to PTCs backed by vehicle, construction equipment, and two-wheeler loan receivables issued by Sansar Dec 2024 IV Trust

20 Dec 2024

Shriram Finance Limited: Update on material event

Shriram Finance Limited: Update on material event


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Entity-Specific Credit Perspective Reports

24 Mar 2025

Shriram Finance Limited

Shriram Finance Limited (SF)

10 Feb 2025

Shriram Finance Limited

Shriram Finance Limited (Non-SF)

02 Jan 2025

Shriram Finance Limited

Shriram Finance Limited (SF)

09 Dec 2024

Shriram Finance Limited

Shriram Finance Limited (SF)

29 Nov 2024

Shriram Finance Limited

Shriram Finance Limited (SF)

25 Sep 2024

Shriram Finance Limited

Shriram Finance Limited (SF)

03 Jul 2024

Shriram Finance Limited

Shriram Finance Limited (SF)

08 Apr 2024

Shriram Finance Limited

Shriram Finance Limited (SF)

28 Feb 2024

Shriram Finance Limited

Shriram Finance Limited (SF)

13 Feb 2024

Shriram Finance Limited

Shriram Finance Limited (SF)


Ratings

Description
Short Term
Medium Term
Long Term
Issuer
PTC Series A -- -- Provisional [ICRA]AA+(SO) --
Equity tranche -- -- Provisional [ICRA]A-(SO) --
Series A1 PTC -- -- [ICRA]AAA(SO) --
Series A2 PTC -- -- [ICRA]A-(SO) --
PTC Series A1 -- -- [ICRA]AAA(SO) --
PTC Series A2 -- -- [ICRA]AAA(SO) --
Second Loss Facility -- -- [ICRA]A-(SO) --
PTC Series A -- -- [ICRA]AAA(SO) --
PTC Series A -- -- [ICRA]AAA(SO) --
PTC Series A1 -- -- [ICRA]AAA(SO) --

Our Analysts

Analyst 1

Anubha Rustagi

Analyst 2

Anubhav Agrawal

Sector Head

Abhishek Dafria
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