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ICRA Ratings offers unbiased analysis backed by our in-depth analysis of various corporate and financial entities. Our deep expertise and meticulous analysis helps provide Corporate Sector Research reports to meet the requirements of banks, mutual funds, insurance companies, PEs, venture funds and other corporates.

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Date	Sector	Reports	Category	Price
16 Jun 2026	State Government Finance	Weighted average SGS cut-off eased by 4 bps to 7.67%; spread between 10-year SGS and G-sec yield widened by 8 bps to 79 bps	Thematic Report
12 Jun 2026	Economic Outlook & Macro Trends	FY2027 GDP growth set to ease below 6.5% amid elevated energy prices, sub-par monsoon	Quarterly Update	--
10 Jun 2026	Economic Outlook & Macro Trends	Consumption trends healthy in Q4 FY2026; geopolitical tensions, sub-par rains have dampened outlook for FY2027	Thematic Report
09 Jun 2026	State Government Finance	Weighted average SGS cut-off eased by 12 bps to 7.71%; spread between 10-year SGS and G-sec yield softened by 1 bp to 71 bps	Thematic Report
04 Jun 2026	State Government Finance	Frequency of tapping WMA and OD in FY2026 dipped to the lowest in five years amid sharp increase in SDF	Thematic Report
02 Jun 2026	State Government Finance	States may have to recalibrate their spending in FY2027 amid expected revenue shortfall	Thematic Report
02 Jun 2026	State Government Finance	Weighted average SGS cut-off rose by 2 bps to 7.83%; spread between 10-year SGS and G-sec yield narrowed to 72bps from 81 bps	Thematic Report
26 May 2026	State Government Finance	Weighted average SGS cut-off eased by 5 bps to 7.81%; spread of 10-year SGS over G-sec remained firm at 81bps	Thematic Report
21 May 2026	State Government Finance	States may have to recalibrate their spending in FY2027 amid expected revenue shortfall	Thematic Report
19 May 2026	State Government Finance	Weighted average SGS cut-off increased by 9 bps to 7.86% despite continued lower-than-indicated issuance	Thematic Report
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Credit Perspective Reports

ICRA's 'Credit Perspectives' provide detailed analysis on ratings assigned. These reports broadly cover the following areas: Key rating considerations..

What's latest in CPR

InCred Financial Services Limited
18 Jun 2026
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Rating Rationales

Date	Category	Report
18 Jun 2026	Structured Finance Rating	Muthoot Capital Services Limited: Ratings confirmed as final for instruments backed by two-wheeler loan receivables issued by WHITFORD 03 2026
18 Jun 2026	Structured Finance Rating	DMI Finance Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by PLUM 27-2, backed by a pool of personal loan receivables
18 Jun 2026	Structured Finance Rating	Five-Star Business Finance Limited: Rating upgraded for PTCs issued under a small business loan securitisation transaction
18 Jun 2026	Structured Finance Rating	Spandana Sphoorty Financial Limited: Ratings withdrawn for PTCs issued under two microfinance loan securitisation transactions
17 Jun 2026	Structured Finance Rating	Fusion Finance Limited: Rating confirmed as final for PTCs issued under micro finance loan receivables securitisation transaction
17 Jun 2026	Corporate Debt Rating	Zerodha Capital Private Limited: Ratings reaffirmed; enhancement in the rated amount for bank line facilities; rating withdrawn for the NCD programme
17 Jun 2026	Structured Finance Rating	Arth Padarth Factors and Finance Private Limited: Provisional [ICRA]A-(SO) assigned to Series A PTC and Provisional [ICRA]BBB-(SO) assigned to Series B PTC to be issued by REST 14
17 Jun 2026	Corporate Debt Rating	Raise Securities Private Limited: [ICRA]A+(stable)/[ICRA]A1+ assigned to bank line facilities; rating reaffirmed for commercial paper
17 Jun 2026	Corporate Debt Rating	Viyash Scientific Limited (formerly known as Sequent Scientific Limited).: Update on material event
17 Jun 2026	Corporate Debt Rating	HMC MM Auto Limited: Rating reaffirmed