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Entity-Specific Rating Rationales

16 Jun 2023

Varthana Finance Private Limited (erstwhile Thirumeni Finance Private Limited): Rating reaffirmed

Varthana Finance Private Limited (erstwhile Thirumeni Finance Private Limited): Rating reaffirmed

27 Apr 2023

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

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

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Varthana Finance Private Limited (erstwhile Thirumeni Finance Private Limited): Rating withdrawn for PTCs backed by school finance receivables securitisation transaction

Varthana Finance Private Limited (erstwhile Thirumeni Finance Private Limited): Rating withdrawn for PTCs backed by school finance receivables securitisation transaction

19 Dec 2022

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

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

30 Nov 2022

Varthana Finance Private Limited (erstwhile Thirumeni Finance Private Limited): Rating confirmed as final for PTCs backed by school finance loan receivables issued by Shiksha 07 2022

Varthana Finance Private Limited (erstwhile Thirumeni Finance Private Limited): Rating confirmed as final for PTCs backed by school finance loan receivables issued by Shiksha 07 2022

11 Nov 2022

Varthana Finance Private Limited (erstwhile Thirumeni Finance Private Limited): Rating withdrawn for PTCs backed by school finance loan receivables transaction

Varthana Finance Private Limited (erstwhile Thirumeni Finance Private Limited): Rating withdrawn for PTCs backed by school finance loan receivables transaction

13 Oct 2022

Varthana Finance Private Limited (erstwhile Thirumeni Finance Private Limited): Rating confirmed as final for PTCs backed by school finance loan receivables issued by Patshala 05 2022

Varthana Finance Private Limited (erstwhile Thirumeni Finance Private Limited): Rating confirmed as final for PTCs backed by school finance loan receivables issued by Patshala 05 2022

03 Oct 2022

Varthana Finance Private Limited (erstwhile Thirumeni Finance Private Limited): Provisional [ICRA]A-(SO) assigned to PTC Series A1 backed by school finance loans issued by Shiksha 07 2022

Varthana Finance Private Limited (erstwhile Thirumeni Finance Private Limited): Provisional [ICRA]A-(SO) assigned to PTC Series A1 backed by school finance loans issued by Shiksha 07 2022

20 Sep 2022

Varthana Finance Private Limited (erstwhile Thirumeni Finance Private Limited): Ratings downgraded; outlook revised to Stable

Varthana Finance Private Limited (erstwhile Thirumeni Finance Private Limited): Ratings downgraded; outlook revised to Stable

28 Jul 2022

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

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