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Rating Rationales

28 Jun 2024

Aseem Infrastructure Finance Limited: Ratings reaffirmed and rated amount enhanced for bank lines

Aseem Infrastructure Finance Limited: Ratings reaffirmed and rated amount enhanced for bank lines

28 Jun 2024

Desein Private Limited: Continues to remain under issuer Non-Cooperating category

Desein Private Limited: Continues to remain under issuer Non-Cooperating category

28 Jun 2024

Saraswati Education Society Kharghar: Continues to remain under issuer Non-Cooperating category

Saraswati Education Society Kharghar: Continues to remain under issuer Non-Cooperating category

28 Jun 2024

Nanda Chemicals Private Limited: Ratings downgraded to [ICRA]BB+ (Stable)/ [ICRA]A4+ and withdrawn

Nanda Chemicals Private Limited: Ratings downgraded to [ICRA]BB+ (Stable)/ [ICRA]A4+ and withdrawn

28 Jun 2024

Webfil Limited: Continues to remain under issuer Non-Cooperating category

Webfil Limited: Continues to remain under issuer Non-Cooperating category

28 Jun 2024

ABREL Solar Power Limited: Rating reaffirmed

ABREL Solar Power Limited: Rating reaffirmed

28 Jun 2024

Mundra Investments Private Limited: Continues to remain under issuer Non-Cooperating category

Mundra Investments Private Limited: Continues to remain under issuer Non-Cooperating category

28 Jun 2024

Dalmia Cement (Bharat) Limited: Ratings reaffirmed

Dalmia Cement (Bharat) Limited: Ratings reaffirmed

28 Jun 2024

S.A.N. Garment Manufacturing Private Limited: Ratings reaffirmed; rated amount enhanced

S.A.N. Garment Manufacturing Private Limited: Ratings reaffirmed; rated amount enhanced

28 Jun 2024

Paramount Textile Mills Private Limited: Ratings upgraded to [ICRA]BBB+ (Stable)/ [ICRA]A2

Paramount Textile Mills Private Limited: Ratings upgraded to [ICRA]BBB+ (Stable)/ [ICRA]A2


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Structured Finance Rating Rationales

28 Jun 2024

Grihum Housing Finance Limited: Ratings upgraded for PTCs and SLF issued under home loan securitisation transaction

Grihum Housing Finance Limited: Ratings upgraded for PTCs and SLF issued under home loan securitisation transaction

28 Jun 2024

Cars24 Financial Services Private Limited: Rating actions for securities issued under three used car loan securitisation transactions

Cars24 Financial Services Private Limited: Rating actions for securities issued under three used car loan securitisation transactions

28 Jun 2024

Shriram Finance Limited: Provisional [ICRA]AAA(SO) assigned to PTCs backed by vehicle and construction equipment loan receivables issued by Sansar June 2024 III Trust

Shriram Finance Limited: Provisional [ICRA]AAA(SO) assigned to PTCs backed by vehicle and construction equipment loan receivables issued by Sansar June 2024 III Trust

28 Jun 2024

Cholamandalam Investment and Finance Company Limited: Provisional [ICRA]AAA(SO) assigned to PTC Series A backed by vehicle loan receivables issued by PLATINUM TRUST JUN 2024 - TRANCHE II; Provisional [ICRA]A-(SO) assigned to second loss facility

Cholamandalam Investment and Finance Company Limited: Provisional [ICRA]AAA(SO) assigned to PTC Series A backed by vehicle loan receivables issued by PLATINUM TRUST JUN 2024 - TRANCHE II; Provisional [ICRA]A-(SO) assigned to second loss facility

28 Jun 2024

Save Microfinance Pvt. Ltd.: Rating actions on PTCs issued under a micro finance loan securitisation transaction

Save Microfinance Pvt. Ltd.: Rating actions on PTCs issued under a micro finance loan securitisation transaction

27 Jun 2024

Veritas Finance Private Limited: Provisional ratings assigned to PTCs backed by small business loan and home construction loan receivables issued by Vajra 009 Trust

Veritas Finance Private Limited: Provisional ratings assigned to PTCs backed by small business loan and home construction loan receivables issued by Vajra 009 Trust

27 Jun 2024

Keertana Finserv Private Limited: Rating confirmed as final for PTCs backed by microenterprise loan receivables issued by Coral 02 24

Keertana Finserv Private Limited: Rating confirmed as final for PTCs backed by microenterprise loan receivables issued by Coral 02 24

27 Jun 2024

Piramal Capital & Housing Finance Limited: Rating reaffirmed for securitisation notes issued under mortgage loan securitisation transaction

Piramal Capital & Housing Finance Limited: Rating reaffirmed for securitisation notes issued under mortgage loan securitisation transaction

27 Jun 2024

Clix Capital Services Private Limited: Ratings withdrawn for PTC backed by merchant loan receivables transaction

Clix Capital Services Private Limited: Ratings withdrawn for PTC backed by merchant loan receivables transaction

27 Jun 2024

Keertana Finserv Private Limited: Rating confirmed as final for SNs backed by micro enterprise loan receivables issued by Amber 04 24

Keertana Finserv Private Limited: Rating confirmed as final for SNs backed by micro enterprise loan receivables issued by Amber 04 24


Our Rating Approach & Methodologies

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

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20 Jun 2024 04:00 PM

ICRA Webinar on Thermal Generation and Power Distribution: Trends & Outlook

--By Mr. Girishkumar Kadam,Vikram V
PPT
16 May 2024 04:00 PM

ICRA Webinar on the Indian Airport Infrastructure: Trends and Outlook

--By Mr. Ashish Modani,Mr. Vinay Kumar G,Mr. Rajasekhar Reddy M
PPT
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