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Rating Rationales

21 Nov 2024

Desai Distributors: Continues to remain under issuer non-cooperating category

Desai Distributors: Continues to remain under issuer non-cooperating category

21 Nov 2024

Jayaraj Fortune Packaging Private Limited: Continues to remain under issuer non-cooperating category

Jayaraj Fortune Packaging Private Limited: Continues to remain under issuer non-cooperating category

21 Nov 2024

Khatushyam Processors (P) Limited: Continues to remain under issuer non-cooperating category

Khatushyam Processors (P) Limited: Continues to remain under issuer non-cooperating category

21 Nov 2024

Lucknow Medical Agencies: Continues to remain under issuer non-cooperating category

Lucknow Medical Agencies: Continues to remain under issuer non-cooperating category

21 Nov 2024

Mallikarjuna Parboiled Binny Rice Mill: Continues to remain under issuer non-cooperating category

Mallikarjuna Parboiled Binny Rice Mill: Continues to remain under issuer non-cooperating category

21 Nov 2024

Manju Shree Syntex Private Limited: Continues to remain under issuer non-cooperating category

Manju Shree Syntex Private Limited: Continues to remain under issuer non-cooperating category

21 Nov 2024

Pitambara Foods: Continues to remain under issuer non-cooperating category

Pitambara Foods: Continues to remain under issuer non-cooperating category

21 Nov 2024

TCL Intermediates Private Limited: [ICRA]BBB+(Stable) withdrawn

TCL Intermediates Private Limited: [ICRA]BBB+(Stable) withdrawn

20 Nov 2024

Ganga Papers India Limited: Continues to remain under issuer non-cooperating category

Ganga Papers India Limited: Continues to remain under issuer non-cooperating category

20 Nov 2024

Gulf Ashley Motor Limited: Ratings reaffirmed

Gulf Ashley Motor Limited: Ratings reaffirmed


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Structured Finance Rating Rationales

20 Nov 2024

Cholamandalam Investment and Finance Company Limited: Ratings confirmed as final for PTCs backed by a pool of vehicle loan and construction equipment loan receivables securitisation transaction

Cholamandalam Investment and Finance Company Limited: Ratings confirmed as final for PTCs backed by a pool of vehicle loan and construction equipment loan receivables securitisation transaction

19 Nov 2024

Farmart Service Private Limited: Provisional [ICRA]A2(SO) assigned to Series A1 PTC to be issued by INVOICEX 4 TRUST

Farmart Service Private Limited: Provisional [ICRA]A2(SO) assigned to Series A1 PTC to be issued by INVOICEX 4 TRUST

18 Nov 2024

Fincare Small Finance Bank Limited: Rating upgraded for PTCs issued under microfinance loan securitisation transaction

Fincare Small Finance Bank Limited: Rating upgraded for PTCs issued under microfinance loan securitisation transaction

15 Nov 2024

Blue Jay Finlease Private Limited: Rating withdrawn for PTCs issued under two unsecured small business loan receivables securitisation transactions

Blue Jay Finlease Private Limited: Rating withdrawn for PTCs issued under two unsecured small business loan receivables securitisation transactions

15 Nov 2024

Groww Creditserv Technology Private Limited: Rating confirmed as final for PTCs backed by a pool of personal loan receivables issued by Rumble 06 2024

Groww Creditserv Technology Private Limited: Rating confirmed as final for PTCs backed by a pool of personal loan receivables issued by Rumble 06 2024

14 Nov 2024

Satin Creditcare Network Limited: Ratings withdrawn for PTCs issued under three microfinance loan securitisation transactions

Satin Creditcare Network Limited: Ratings withdrawn for PTCs issued under three microfinance loan securitisation transactions

14 Nov 2024

Satya MicroCapital Ltd.: Rating withdrawn for PTCs issued under a microfinance loan securitisation transaction

Satya MicroCapital Ltd.: Rating withdrawn for PTCs issued under a microfinance loan securitisation transaction

14 Nov 2024

Spandana Sphoorty Financial Limited: Rating withdrawn for PTCs issued under a microfinance loan securitisation transaction

Spandana Sphoorty Financial Limited: Rating withdrawn for PTCs issued under a microfinance loan securitisation transaction

14 Nov 2024

Vedika Credit Capital Ltd: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Achilles 2024

Vedika Credit Capital Ltd: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Achilles 2024

13 Nov 2024

Cars24 Financial Services Private Limited: Ratings reaffirmed for securities issued under two used car loan securitisation transactions

Cars24 Financial Services Private Limited: Ratings reaffirmed for securities issued under two used car loan securitisation transactions


Our Rating Approach & Methodologies

ICRA's Rating process starts when the issuer contacts
our business team to engage our services.

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ICRA Webinar on Indian Renewable Energy: Trends & Outlook

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16 Oct 2024 04:00 PM

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