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Entity-Specific Rating Rationales

12 Mar 2025

Protium Finance Limited: Rating confirmed as final for PTCs issued under a secured MSME (LAP) loan receivables securitisation transaction

Protium Finance Limited: Rating confirmed as final for PTCs issued under a secured MSME (LAP) loan receivables securitisation transaction

17 Jan 2025

Protium Finance Limited: Rating upgraded for PTCs issued under secured MSME (LAP) loan receivables securitisation transaction

Protium Finance Limited: Rating upgraded for PTCs issued under secured MSME (LAP) loan receivables securitisation transaction

19 Dec 2024

Protium Finance Limited: Rating upgraded for SNs issued under secured MSME (LAP) and machinery loan receivables securitisation transaction

Protium Finance Limited: Rating upgraded for SNs issued under secured MSME (LAP) and machinery loan receivables securitisation transaction

27 Nov 2024

Protium Finance Limited: Rating upgraded for PTCs issued under secured MSME (LAP) loan receivables securitisation transactions

Protium Finance Limited: Rating upgraded for PTCs issued under secured MSME (LAP) loan receivables securitisation transactions

07 Nov 2024

Protium Finance Limited: Provisional [ICRA]AA+(SO) assigned to Series A PTCs backed by secured MSME (LAP) loan receivables issued by Turiya LAP 241001

Protium Finance Limited: Provisional [ICRA]AA+(SO) assigned to Series A PTCs backed by secured MSME (LAP) loan receivables issued by Turiya LAP 241001

14 Mar 2024

Protium Finance Limited: [ICRA]AA+(SO) confirmed as final for PTCs backed by secured MSME loan (LAP) receivables issued by Turiya LAP - 2401

Protium Finance Limited: [ICRA]AA+(SO) confirmed as final for PTCs backed by secured MSME loan (LAP) receivables issued by Turiya LAP - 2401

23 Jan 2024

Protium Finance Limited: [ICRA]AA(SO) confirmed as final for SNs backed by secured MSME loan (LAP) and machinery loan receivables issued by Turiya BL – 2310

Protium Finance Limited: [ICRA]AA(SO) confirmed as final for SNs backed by secured MSME loan (LAP) and machinery loan receivables issued by Turiya BL – 2310

19 Jan 2024

Protium Finance Limited: Provisional [ICRA]AA+(SO) assigned to PTCs backed by secured MSME loan (LAP) receivables issued by Turiya LAP – 2401

Protium Finance Limited: Provisional [ICRA]AA+(SO) assigned to PTCs backed by secured MSME loan (LAP) receivables issued by Turiya LAP – 2401

20 Dec 2023

Protium Finance Limited: [ICRA]AA+(SO) confirmed as final for PTCs backed by secured MSME loan (LAP) receivables issued by Turiya LAP - 230802

Protium Finance Limited: [ICRA]AA+(SO) confirmed as final for PTCs backed by secured MSME loan (LAP) receivables issued by Turiya LAP - 230802

20 Nov 2023

Protium Finance Limited: [ICRA]AA+(SO) confirmed as final for PTCs backed by secured MSME loan (LAP) receivables issued by Turiya LAP - 230701

Protium Finance Limited: [ICRA]AA+(SO) confirmed as final for PTCs backed by secured MSME loan (LAP) receivables issued by Turiya LAP - 230701


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Entity-Specific Credit Perspective Reports

15 Nov 2024

Protium Finance Limited

Protium Finance Limited (SF)

29 Jan 2024

Protium Finance Limited

Protium Finance Limited (SF)

08 Sep 2023

Protium Finance Limited

Protium Finance Limited (SF)

23 Aug 2023

Protium Finance Limited

Protium Finance Limited (SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Series A PTCs -- -- [ICRA]AA+(SO) --
Series A1 PTCs -- -- [ICRA]AAA(SO) --
Series A1 SNs -- -- [ICRA]AA+(SO) --
Series A PTC -- -- [ICRA]AAA(SO) --
Series A1 PTC -- -- [ICRA]AAA(SO) --

Our Analysts

Analyst 1

Samratsingh Hazari

Analyst 2

Himanshi Doshi

Sector Head

Abhishek Dafria
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