bg-rating-rationales

Entity-Specific Rating Rationales

06 Aug 2025

Satya MicroCapital Ltd.: Ratings confirmed as final for PTCs backed by a pool of microfinance receivables issued by Harbor 2025

Satya MicroCapital Ltd.: Ratings confirmed as final for PTCs backed by a pool of microfinance receivables issued by Harbor 2025

04 Jul 2025

Satya MicroCapital Ltd.: Provisional ratings assigned to PTCs backed by a pool of microfinance loan receivables

Satya MicroCapital Ltd.: Provisional ratings assigned to PTCs backed by a pool of microfinance loan receivables

19 May 2025

Satya MicroCapital Ltd.: Ratings confirmed as final for PTCs backed by a pool of microfinance and unsecured SME loan receivables issued by Vanguard 2025

Satya MicroCapital Ltd.: Ratings confirmed as final for PTCs backed by a pool of microfinance and unsecured SME loan receivables issued by Vanguard 2025

09 Apr 2025

SATYA MicroCapital Ltd.: Rating withdrawn for Rs. 78.20-crore debt programme

SATYA MicroCapital Ltd.: Rating withdrawn for Rs. 78.20-crore debt programme

04 Apr 2025

Satya MicroCapital Ltd.: Provisional assigned to PTCs backed by a pool of microfinance and unsecured SME loan receivables

Satya MicroCapital Ltd.: Provisional assigned to PTCs backed by a pool of microfinance and unsecured SME loan receivables

01 Apr 2025

SATYA MicroCapital Ltd.: Rating reaffirmed

SATYA MicroCapital Ltd.: Rating reaffirmed

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Satya MicroCapital Ltd.: Rating withdrawn for PTCs issued under a microfinance loan securitisation transaction

Satya MicroCapital Ltd.: Rating withdrawn for PTCs issued under a microfinance loan securitisation transaction

25 Jun 2024

SATYA MicroCapital Ltd.: [ICRA]BBB+ (Stable) assigned to Rs. 50-crore NCD programme

SATYA MicroCapital Ltd.: [ICRA]BBB+ (Stable) assigned to Rs. 50-crore NCD programme

17 Jun 2024

Satya MicroCapital Ltd.: Rating withdrawn for PTC backed by microfinance loan receivables securitisation transaction

Satya MicroCapital Ltd.: Rating withdrawn for PTC backed by microfinance loan receivables securitisation transaction

14 May 2024

SATYA MicroCapital Ltd.: Rating withdrawn for Rs. 25-crore NCD programme

SATYA MicroCapital Ltd.: Rating withdrawn for Rs. 25-crore NCD programme