bg-rating-rationales

Entity-Specific Rating Rationales

14 Apr 2025

Varthana Finance Private Limited (erstwhile Thirumeni Finance Private Limited): Rating withdrawn for PTCs issued under a school finance receivable securitisation transaction

Varthana Finance Private Limited (erstwhile Thirumeni Finance Private Limited): Rating withdrawn for PTCs issued under a school finance receivable securitisation transaction

14 Apr 2025

Varthana Finance Private Limited (erstwhile Thirumeni Finance Private Limited): Rating withdrawn for PTCs issued under a school finance receivable securitisation transaction

Varthana Finance Private Limited (erstwhile Thirumeni Finance Private Limited): Rating withdrawn for PTCs issued under a school finance receivable securitisation transaction

26 Nov 2024

Varthana Finance Private Limited (erstwhile Thirumeni Finance Private Limited): Rating withdrawn for PTCs backed by school finance receivables securitisation transaction

Varthana Finance Private Limited (erstwhile Thirumeni Finance Private Limited): Rating withdrawn for PTCs backed by school finance receivables securitisation transaction

22 Oct 2024

Varthana Finance Private Limited (erstwhile Thirumeni Finance Private Limited): Rating upgraded for PTCs issued under a school finance receivable securitisation transaction

Varthana Finance Private Limited (erstwhile Thirumeni Finance Private Limited): Rating upgraded for PTCs issued under a school finance receivable securitisation transaction

07 Jun 2024

Varthana Finance Private Limited (erstwhile Thirumeni Finance Private Limited): Rating upgraded to [ICRA]BBB (Stable)

Varthana Finance Private Limited (erstwhile Thirumeni Finance Private Limited): Rating upgraded to [ICRA]BBB (Stable)

30 Apr 2024

Varthana Finance Private Limited (erstwhile Thirumeni Finance Private Limited): Rating reaffirmed for PTCs issued under school finance receivable securitisation transaction

Varthana Finance Private Limited (erstwhile Thirumeni Finance Private Limited): Rating reaffirmed for PTCs issued under school finance receivable securitisation transaction

18 Dec 2023

Varthana Finance Private Limited (erstwhile Thirumeni Finance Private Limited): Rating withdrawn for PTCs backed by school finance receivables securitisation transaction

Varthana Finance Private Limited (erstwhile Thirumeni Finance Private Limited): Rating withdrawn for PTCs backed by school finance receivables securitisation transaction

27 Nov 2023

Varthana Finance Private Limited (erstwhile Thirumeni Finance Private Limited): Rating upgraded for PTCs issued under school finance receivables securitisation transaction

Varthana Finance Private Limited (erstwhile Thirumeni Finance Private Limited): Rating upgraded for PTCs issued under school finance receivables securitisation transaction

30 Oct 2023

Varthana Finance Private Limited (erstwhile Thirumeni Finance Private Limited): Rating reaffirmed for PTCs issued under school finance receivable securitisation transaction

Varthana Finance Private Limited (erstwhile Thirumeni Finance Private Limited): Rating reaffirmed for PTCs issued under school finance receivable securitisation transaction

13 Sep 2023

Varthana Finance Private Limited (erstwhile Thirumeni Finance Private Limited): Rating withdrawn for PTCs backed by school finance receivables securitisation transaction

Varthana Finance Private Limited (erstwhile Thirumeni Finance Private Limited): Rating withdrawn for PTCs backed by school finance receivables securitisation transaction