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Entity-Specific Rating Rationales

28 Jul 2025

Aye Finance Limited (erstwhile Aye Finance (P) Ltd.): Rating actions for PTCs issued under unsecured business loan securitisation transactions

Aye Finance Limited (erstwhile Aye Finance (P) Ltd.): Rating actions for PTCs issued under unsecured business loan securitisation transactions

22 Jul 2025

Aye Finance Limited (erstwhile Aye Finance (P) Ltd.) : Ratings confirmed as final for PTCs backed by unsecured business loan receivables issued by HITHIKA 01 TRUST 2025

Aye Finance Limited (erstwhile Aye Finance (P) Ltd.) : Ratings confirmed as final for PTCs backed by unsecured business loan receivables issued by HITHIKA 01 TRUST 2025

06 Jun 2025

Aye Finance Limited (erstwhile Aye Finance (P) Ltd.): Provisional [ICRA]AA+(SO) assigned to PTC Series A1 and Provisional [ICRA]A+(SO) assigned to Equity Tranche PTCs issued by HITHIKA 01 TRUST 2025, backed by a pool of unsecured business loans

Aye Finance Limited (erstwhile Aye Finance (P) Ltd.): Provisional [ICRA]AA+(SO) assigned to PTC Series A1 and Provisional [ICRA]A+(SO) assigned to Equity Tranche PTCs issued by HITHIKA 01 TRUST 2025, backed by a pool of unsecured business loans

30 May 2025

Aye Finance Limited (erstwhile Aye Finance (P) Ltd.) : Ratings confirmed as final for PTCs backed by unsecured business loan receivables issued by SBL Sarika 0225

Aye Finance Limited (erstwhile Aye Finance (P) Ltd.) : Ratings confirmed as final for PTCs backed by unsecured business loan receivables issued by SBL Sarika 0225

28 May 2025

Aye Finance Limited (erstwhile Aye Finance (P) Ltd.): Rating upgraded for PTCs issued under unsecured business loan securitisation transaction

Aye Finance Limited (erstwhile Aye Finance (P) Ltd.): Rating upgraded for PTCs issued under unsecured business loan securitisation transaction

19 Mar 2025

Aye Finance Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 and Provisional [ICRA]AA(SO) assigned to Equity Tranche PTCs issued by SBL Sarika 0225, backed by a pool of unsecured business loans

Aye Finance Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 and Provisional [ICRA]AA(SO) assigned to Equity Tranche PTCs issued by SBL Sarika 0225, backed by a pool of unsecured business loans

10 Mar 2025

Aye Finance Limited: Ratings confirmed as final for PTCs backed by unsecured business loan receivables issued by AJANTA 02 TRUST 2024

Aye Finance Limited: Ratings confirmed as final for PTCs backed by unsecured business loan receivables issued by AJANTA 02 TRUST 2024

31 Dec 2024

Aye Finance Limited: Provisional [ICRA]AA(SO) assigned to PTC Series A1 and Provisional [ICRA]A+(SO) assigned to Series B PTCs issued by AJANTA 02 TRUST 2024, backed by a pool of unsecured business loans

Aye Finance Limited: Provisional [ICRA]AA(SO) assigned to PTC Series A1 and Provisional [ICRA]A+(SO) assigned to Series B PTCs issued by AJANTA 02 TRUST 2024, backed by a pool of unsecured business loans

06 Dec 2024

Aye Finance (P) Ltd.: Rating reaffirmed and rated amount enhanced

Aye Finance (P) Ltd.: Rating reaffirmed and rated amount enhanced

04 Oct 2024

Aye Finance (P) Ltd.: [ICRA]A (Stable) assigned

Aye Finance (P) Ltd.: [ICRA]A (Stable) assigned