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Entity-Specific Rating Rationales

16 Feb 2024

SATYA MicroCapital Ltd.: Rating reaffirmed; Rated amount enhanced

SATYA MicroCapital Ltd.: Rating reaffirmed; Rated amount enhanced

12 Jan 2024

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

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

14 Dec 2023

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

09 Nov 2023

SATYA MicroCapital Ltd.: Ratings reaffirmed; [ICRA]BBB+ (Stable) assigned for enhanced amount

SATYA MicroCapital Ltd.: Ratings reaffirmed; [ICRA]BBB+ (Stable) assigned for enhanced amount

02 Nov 2023

Satya MicroCapital Ltd.: Ratings upgraded for PTCs issued under microfinance loan securitisation transaction

Satya MicroCapital Ltd.: Ratings upgraded for PTCs issued under microfinance loan securitisation transaction

02 Nov 2023

Satya MicroCapital Ltd.: Rating upgraded for PTC issued under microfinance loan securitisation transaction

Satya MicroCapital Ltd.: Rating upgraded for PTC issued under microfinance loan securitisation transaction

14 Sep 2023

Satya MicroCapital Ltd.: Rating withdrawn for SNs backed by microfinance loan receivables securitisation transaction

Satya MicroCapital Ltd.: Rating withdrawn for SNs backed by microfinance loan receivables securitisation transaction

08 Aug 2023

Satya MicroCapital Ltd.: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Nile 05 2023

Satya MicroCapital Ltd.: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Nile 05 2023

14 Jun 2023

Satya MicroCapital Ltd.: Provisional [ICRA]A+(SO) assigned to PTC Series A1 issued by Nile 05 2023, backed by a pool of microfinance loan receivables

Satya MicroCapital Ltd.: Provisional [ICRA]A+(SO) assigned to PTC Series A1 issued by Nile 05 2023, backed by a pool of microfinance loan receivables

25 May 2023

Satya MicroCapital Ltd.: Ratings upgraded to [ICRA]BBB+ (Stable)/PP-MLD [ICRA]BBB+ (Stable); Rated amount enhanced; Rating upgraded and withdrawn for Rs. 49.96-crore NCD programme

Satya MicroCapital Ltd.: Ratings upgraded to [ICRA]BBB+ (Stable)/PP-MLD [ICRA]BBB+ (Stable); Rated amount enhanced; Rating upgraded and withdrawn for Rs. 49.96-crore NCD programme