bg-rating-rationales

Entity-Specific Rating Rationales

07 May 2025

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

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

17 Apr 2025

Satin Finserv Limited: Rating confirmed as final for PTCs backed by secured business loan receivables issued by Butterfly 12 2024

Satin Finserv Limited: Rating confirmed as final for PTCs backed by secured business loan receivables issued by Butterfly 12 2024

17 Apr 2025

Satin Finserv Limited: Rating confirmed as final for PTCs backed by secured business loan receivables issued by Bluestreak 12 2024

Satin Finserv Limited: Rating confirmed as final for PTCs backed by secured business loan receivables issued by Bluestreak 12 2024

27 Mar 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 Lunify 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 Lunify 2025

03 Mar 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 Yoda 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 Yoda 2025

27 Feb 2025

Satin Finserv Limited: Ratings reaffirmed for PTCs issued under secured business loans securitisation transactions

Satin Finserv Limited: Ratings reaffirmed for PTCs issued under secured business loans securitisation transactions

31 Dec 2024

Satin Finserv Limited: Provisional [ICRA]AA-(SO) assigned to Series A1(a) PTCs and Provisional [ICRA]A+(SO) assigned to Series A1(b) PTCs, backed by secured business loan receivables issued by Butterfly 12 2024

Satin Finserv Limited: Provisional [ICRA]AA-(SO) assigned to Series A1(a) PTCs and Provisional [ICRA]A+(SO) assigned to Series A1(b) PTCs, backed by secured business loan receivables issued by Butterfly 12 2024

31 Dec 2024

Satin Finserv Limited: Provisional [ICRA]A(SO) assigned to Series A1 PTC backed by secured business loan receivables issued by Bluestreak 12 2024

Satin Finserv Limited: Provisional [ICRA]A(SO) assigned to Series A1 PTC backed by secured business loan receivables issued by Bluestreak 12 2024

24 Dec 2024

Satin Finserv Limited: Rating reaffirmed

Satin Finserv Limited: Rating reaffirmed

28 Aug 2024

Satin Finserv Limited: [ICRA]A- (Stable) assigned to Rs. 60-crore NCD programme

Satin Finserv Limited: [ICRA]A- (Stable) assigned to Rs. 60-crore NCD programme