bg-rating-rationales

Entity-Specific Rating Rationales

26 Feb 2026

Satin Finserv Ltd: Rating withdrawn for PTCs issued under a secured business loan receivables securitisation transaction

Satin Finserv Ltd: Rating withdrawn for PTCs issued under a secured business loan receivables securitisation transaction

31 Dec 2025

Satin Finserv Limited: Provisional [ICRA]A(SO) assigned to Series A1 PTC and Provisional [ICRA]BBB+(SO) assigned to Equity Tranche backed by secured business loan receivables issued by Marigold 12 2025

Satin Finserv Limited: Provisional [ICRA]A(SO) assigned to Series A1 PTC and Provisional [ICRA]BBB+(SO) assigned to Equity Tranche backed by secured business loan receivables issued by Marigold 12 2025

26 Dec 2025

Satin Finserv Limited: Rating assigned/reaffirmed

Satin Finserv Limited: Rating assigned/reaffirmed

12 Dec 2025

Satin Finserv Limited: Provisional [ICRA]A(SO) assigned to Series A1 PTC and Provisional [ICRA]BBB+(SO) assigned to Series A2 PTC backed by secured business loan receivables issued by Uranus 2025

Satin Finserv Limited: Provisional [ICRA]A(SO) assigned to Series A1 PTC and Provisional [ICRA]BBB+(SO) assigned to Series A2 PTC backed by secured business loan receivables issued by Uranus 2025

08 Dec 2025

Satin Finserv Limited: Ratings withdrawn for PTCs issued under a secured business loan receivables securitisation transaction

Satin Finserv Limited: Ratings withdrawn for PTCs issued under a secured business loan receivables securitisation transaction

30 Oct 2025

Satin Finserv Limited: Rating confirmed as final for PTCs backed by secured business loan receivables issued by Bournville 06 2025

Satin Finserv Limited: Rating confirmed as final for PTCs backed by secured business loan receivables issued by Bournville 06 2025

25 Sep 2025

Satin Finserv Limited: Rating assigned/reaffirmed; rating reaffirmed and simultaneously withdrawn for matured NCDs

Satin Finserv Limited: Rating assigned/reaffirmed; rating reaffirmed and simultaneously withdrawn for matured NCDs

01 Sep 2025

Satin Finserv Limited: Rating confirmed as final for PTCs backed by secured business loan receivables issued by Horizon 2025

Satin Finserv Limited: Rating confirmed as final for PTCs backed by secured business loan receivables issued by Horizon 2025

03 Jul 2025

Satin Finserv Limited: Provisional [ICRA]A(SO) assigned to Series A1 PTC and Provisional [ICRA]BBB+(SO) assigned to Equity Tranche backed by secured business loan receivables issued by Bournville 06 2025

Satin Finserv Limited: Provisional [ICRA]A(SO) assigned to Series A1 PTC and Provisional [ICRA]BBB+(SO) assigned to Equity Tranche backed by secured business loan receivables issued by Bournville 06 2025

05 Jun 2025

Satin Finserv Limited: Provisional [ICRA]A(SO) assigned to Series A1 PTC and Provisional [ICRA]BBB+(SO) assigned to Series A2 PTC, backed by secured business loan receivables issued by Horizon 2025

Satin Finserv Limited: Provisional [ICRA]A(SO) assigned to Series A1 PTC and Provisional [ICRA]BBB+(SO) assigned to Series A2 PTC, backed by secured business loan receivables issued by Horizon 2025