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Entity-Specific Rating Rationales

08 Mar 2024

Arohan Financial Services Limited: Provisional [ICRA]A+(SO) assigned to Series A1 PTC backed by microfinance loan receivables issued by Aavishkaar February 2024 Trust I

Arohan Financial Services Limited: Provisional [ICRA]A+(SO) assigned to Series A1 PTC backed by microfinance loan receivables issued by Aavishkaar February 2024 Trust I

26 Feb 2024

Arohan Financial Services Limited: Ratings upgraded for PTCs backed by microfinance loan receivables

Arohan Financial Services Limited: Ratings upgraded for PTCs backed by microfinance loan receivables

10 Jan 2024

Arohan Financial Services Limited: Ratings upgraded; outlook revised to Stable; Ratings simultaneously withdrawn for Rs. 50-crore NCD and Rs. 25-crore subordinated debt

Arohan Financial Services Limited: Ratings upgraded; outlook revised to Stable; Ratings simultaneously withdrawn for Rs. 50-crore NCD and Rs. 25-crore subordinated debt

14 Dec 2023

Arohan Financial Services Limited: Ratings withdrawn for PTCs issued under microfinance loan securitization transaction

Arohan Financial Services Limited: Ratings withdrawn for PTCs issued under microfinance loan securitization transaction

09 Nov 2023

Arohan Financial Services Limited: Ratings reaffirmed; rating amount enhanced

Arohan Financial Services Limited: Ratings reaffirmed; rating amount enhanced

16 Oct 2023

Arohan Financial Services Limited: Rating withdrawn for PTCs issued under microfinance loan securitisation transaction

Arohan Financial Services Limited: Rating withdrawn for PTCs issued under microfinance loan securitisation transaction

28 Sep 2023

Arohan Financial Services Limited: Ratings withdrawn for PTCs issued under two microfinance loan securitisation transactions

Arohan Financial Services Limited: Ratings withdrawn for PTCs issued under two microfinance loan securitisation transactions

11 Sep 2023

Arohan Financial Services Limited: Ratings withdrawn for PTCs issued under microfinance loan securitization transaction

Arohan Financial Services Limited: Ratings withdrawn for PTCs issued under microfinance loan securitization transaction

21 Aug 2023

Arohan Financial Services Limited: Ratings upgraded for PTCs backed by microfinance loan receivables

Arohan Financial Services Limited: Ratings upgraded for PTCs backed by microfinance loan receivables

14 Aug 2023

Arohan Financial Services Limited: Ratings assigned/reaffirmed; outlook revised to Positive from Stable; Ratings simultaneously withdrawn for Rs. 25-crore NCD

Arohan Financial Services Limited: Ratings assigned/reaffirmed; outlook revised to Positive from Stable; Ratings simultaneously withdrawn for Rs. 25-crore NCD