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Entity-Specific Rating Rationales

31 Mar 2025

Muthoot Microfin Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by 2025 MFI Mckinley, backed by a pool of microfinance loan receivables

Muthoot Microfin Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by 2025 MFI Mckinley, backed by a pool of microfinance loan receivables

31 Mar 2025

Muthoot Microfin Limited: Provisional [ICRA]AA-(SO) assigned to PTC Series A1 issued by Mario Trust 2024, backed by a pool of microfinance loan receivables

Muthoot Microfin Limited: Provisional [ICRA]AA-(SO) assigned to PTC Series A1 issued by Mario Trust 2024, backed by a pool of microfinance loan receivables

31 Jan 2025

Muthoot Microfin Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by 2024 MFI Alborz

Muthoot Microfin Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by 2024 MFI Alborz

16 Dec 2024

Muthoot Microfin Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Victory 2024

Muthoot Microfin Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Victory 2024

02 Dec 2024

Muthoot Microfin Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by 2024 MFI Alborz, backed by a pool of microfinance loan receivables

Muthoot Microfin Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by 2024 MFI Alborz, backed by a pool of microfinance loan receivables

25 Nov 2024

Muthoot Microfin Limited: Provisional [ICRA]AA(SO) assigned to PTC Series A1 issued by Victory 2024, backed by a pool of microfinance loan receivables

Muthoot Microfin Limited: Provisional [ICRA]AA(SO) assigned to PTC Series A1 issued by Victory 2024, backed by a pool of microfinance loan receivables

18 Jan 2024

Muthoot Microfin Limited: Ratings withdrawn for PTCs issued under microfinance loan receivables transactions

Muthoot Microfin Limited: Ratings withdrawn for PTCs issued under microfinance loan receivables transactions

29 Dec 2023

Muthoot Microfin Limited: Ratings withdrawn for PTCs issued under microfinance loan receivables transactions

Muthoot Microfin Limited: Ratings withdrawn for PTCs issued under microfinance loan receivables transactions

22 Sep 2023

Muthoot Microfin Limited: Ratings upgraded for PTCs issued under four microfinance loan securitisation transactions

Muthoot Microfin Limited: Ratings upgraded for PTCs issued under four microfinance loan securitisation transactions

13 Sep 2023

Muthoot Microfin Limited: Rating withdrawn for PTCs issued under microfinance loan receivables transaction

Muthoot Microfin Limited: Rating withdrawn for PTCs issued under microfinance loan receivables transaction


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Entity-Specific Credit Perspective Reports

03 Apr 2025

Muthoot Microfin Limited

Muthoot Microfin Limited (SF)

03 Apr 2025

Muthoot Microfin Limited

Muthoot Microfin Limited (SF)

02 Dec 2024

Muthoot Microfin Limited

Muthoot Microfin Limited (SF)

25 Nov 2024

Muthoot Microfin Limited

Muthoot Microfin Limited (SF)

17 Aug 2022

Muthoot Microfin Limited

Muthoot Microfin Limited (SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
PTC Series A1 -- -- Provisional [ICRA]AA- (SO) --
PTC Series A1 -- -- Provisional [ICRA]AA+(SO) --
PTC Series A1 -- -- [ICRA]AA+(SO) --
PTC Series A1 -- -- [ICRA]AA(SO) --
PTC Series A1 -- -- Withdrawn --
PTC Series A1 -- -- Withdrawn --
PTC Series A1 -- -- Withdrawn --
PTC Series A1 -- -- Withdrawn --
PTC Series A1 -- -- Withdrawn --
PTC Series A1 -- -- Withdrawn --

Our Analysts

Analyst 1

Abhishek Jena

Analyst 2

Gaurav Mashalkar

Sector Head

Abhishek Dafria
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