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Entity-Specific Rating Rationales

07 Apr 2025

Aavas Financiers Limited: Ratings reaffirmed

Aavas Financiers Limited: Ratings reaffirmed

31 Dec 2024

Aavas Financiers Limited: Rating reaffirmed for PTCs issued under home loan securitisation transaction

Aavas Financiers Limited: Rating reaffirmed for PTCs issued under home loan securitisation transaction

28 Oct 2024

Aavas Financiers Limited: Rating reaffirmed for PTCs issued under home loan securitisation transaction

Aavas Financiers Limited: Rating reaffirmed for PTCs issued under home loan securitisation transaction

25 Jun 2024

Aavas Financiers Limited: [ICRA]AA (Stable) assigned; earlier ratings reaffirmed

Aavas Financiers Limited: [ICRA]AA (Stable) assigned; earlier ratings reaffirmed

28 May 2024

Aavas Financiers Limited: Rating reaffirmed for PTCs issued under two mortgage loan securitisation transactions

Aavas Financiers Limited: Rating reaffirmed for PTCs issued under two mortgage loan securitisation transactions

08 Jan 2024

Aavas Financiers Limited: Ratings reaffirmed; rated amount enhanced

Aavas Financiers Limited: Ratings reaffirmed; rated amount enhanced

11 Dec 2023

Aavas Financiers Limited: Rating confirmed as final for PTCs issued under a mortgage loan receivables securitisation transaction

Aavas Financiers Limited: Rating confirmed as final for PTCs issued under a mortgage loan receivables securitisation transaction

16 Oct 2023

Aavas Financiers Limited: Ratings confirmed as final for PTCs issued under a mortgage loan receivables securitisation transaction

Aavas Financiers Limited: Ratings confirmed as final for PTCs issued under a mortgage loan receivables securitisation transaction

30 Aug 2023

Aavas Financiers Limited: Provisional [ICRA]AA(SO) assigned to PTCs backed by home loan receivables issued by Prime Home Loan Trust IV

Aavas Financiers Limited: Provisional [ICRA]AA(SO) assigned to PTCs backed by home loan receivables issued by Prime Home Loan Trust IV

03 Jul 2023

Aavas Financiers Limited: Provisional rating assigned to PTCs backed by home loan receivables issued by Prime Home Loan Trust III

Aavas Financiers Limited: Provisional rating assigned to PTCs backed by home loan receivables issued by Prime Home Loan Trust III


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Entity-Specific Credit Perspective Reports

31 Jan 2024

Aavas Financiers Limited

Aavas Financiers Limited (Non-SF)

12 Jul 2023

Aavas Financiers Limited

Aavas Financiers Limited (SF)

27 Jul 2022

Aavas Financiers Limited

Aavas Financiers Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Term Loan -- -- [ICRA]AA(Stable) --
Long-term bank lines – NHB Refinance -- -- [ICRA]AA(Stable) --
PTC Series A -- -- [ICRA]AA(SO) --
PTC Series A -- -- [ICRA]AA(SO) --
Non-Convertible Debenture -- -- [ICRA]AA(Stable) --
Cash Credit -- -- [ICRA]AA(Stable) --
PTC Series A -- -- [ICRA]AAA(SO) --
PTC Series A -- -- [ICRA]AAA(SO) --
Commercial Paper [ICRA]A1+ -- -- --

Our Analysts

Analyst 1

Rajat Kher

Analyst 2

Manushree Saggar

Sector Head

Karthik Srinivasan
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08 Apr 2025 04:00 PM

ICRA Webinar on the Indian Banking Sector - Regulatory easing to support credit growth in FY2026; asset quality remains monitorable

--By Mr Karthik Srinivasan,Mr Anil Gupta,Mr Sachin Sachdeva
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03 Apr 2025 04:00 PM

ICRA Webinar on Outlook FY2026

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