bg-rating-rationales

Entity-Specific Rating Rationales

02 May 2025

Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited): Rating confirmed as final for Series A1 PTCs backed by used car loan receivables issued by Naman Trust PTC 2025

Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited): Rating confirmed as final for Series A1 PTCs backed by used car loan receivables issued by Naman Trust PTC 2025

22 Apr 2025

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

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

21 Apr 2025

Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited): Rating confirmed as final for Series A1 SN backed by home loan receivables issued by Nirvana Trust Dec 2024

Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited): Rating confirmed as final for Series A1 SN backed by home loan receivables issued by Nirvana Trust Dec 2024

14 Apr 2025

Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited): Rating confirmed as final for PTCs backed by unsecured personal loan receivables issued by Ved Trust PTC Dec 2024

Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited): Rating confirmed as final for PTCs backed by unsecured personal loan receivables issued by Ved Trust PTC Dec 2024

25 Mar 2025

Piramal Capital & Housing Finance Limited: Provisional [ICRA]AAA(SO) assigned to PTCs backed by used car loan receivables issued by Naman Trust PTC 2025

Piramal Capital & Housing Finance Limited: Provisional [ICRA]AAA(SO) assigned to PTCs backed by used car loan receivables issued by Naman Trust PTC 2025

25 Feb 2025

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

31 Jan 2025

Piramal Capital & Housing Finance Limited: Ratings reaffirmed for purchaser payouts and PTCs issued under five mortgage loan securitisation transactions

Piramal Capital & Housing Finance Limited: Ratings reaffirmed for purchaser payouts and PTCs issued under five mortgage loan securitisation transactions

31 Dec 2024

Piramal Capital & Housing Finance Limited: Provisional [ICRA]AAA(SO) assigned to Series A1 SN backed by home loan receivables issued by Nirvana Trust Dec 2024

Piramal Capital & Housing Finance Limited: Provisional [ICRA]AAA(SO) assigned to Series A1 SN backed by home loan receivables issued by Nirvana Trust Dec 2024

31 Dec 2024

Piramal Capital & Housing Finance Limited: Provisional [ICRA]AA+(SO) assigned to PTCs backed by personal loan receivables issued by Ved Trust PTC Dec 2024

Piramal Capital & Housing Finance Limited: Provisional [ICRA]AA+(SO) assigned to PTCs backed by personal loan receivables issued by Ved Trust PTC Dec 2024

26 Dec 2024

Piramal Capital & Housing Finance Limited: Ratings reaffirmed; rating withdrawn for matured instruments

Piramal Capital & Housing Finance Limited: Ratings reaffirmed; rating withdrawn for matured instruments