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Entity-Specific Rating Rationales

03 Jul 2026

Berar Finance Limited: Provisional [ICRA]AA(SO) assigned to Series A1a PTCs and Provisional [ICRA]A-(SO) assigned to Series A1b PTCs backed by two-wheeler loan receivables issued by Polaris Trust 2026

Berar Finance Limited: Provisional [ICRA]AA(SO) assigned to Series A1a PTCs and Provisional [ICRA]A-(SO) assigned to Series A1b PTCs backed by two-wheeler loan receivables issued by Polaris Trust 2026

09 Jun 2026

Berar Finance Limited: Ratings withdrawn for PTCs issued under two-wheeler loan securitisation transactions

Berar Finance Limited: Ratings withdrawn for PTCs issued under two-wheeler loan securitisation transactions

28 May 2026

Berar Finance Limited: Provisional [ICRA]A+(SO) assigned to Series A1 PTC backed by two-wheeler loan receivables issued by Arjun 05 2026

Berar Finance Limited: Provisional [ICRA]A+(SO) assigned to Series A1 PTC backed by two-wheeler loan receivables issued by Arjun 05 2026

28 Apr 2026

Berar Finance Limited: Rating upgraded for PTCs issued under two-wheeler loan receivables securitisation transaction

Berar Finance Limited: Rating upgraded for PTCs issued under two-wheeler loan receivables securitisation transaction

24 Mar 2026

Berar Finance Limited: Rating reaffirmed for PTCs issued under two-wheeler loan receivables securitisation transaction

Berar Finance Limited: Rating reaffirmed for PTCs issued under two-wheeler loan receivables securitisation transaction

14 Jan 2026

Berar Finance Limited: Rating confirmed as final for PTCs backed by two-wheeler loan receivables issued by DRIFT 08 2025

Berar Finance Limited: Rating confirmed as final for PTCs backed by two-wheeler loan receivables issued by DRIFT 08 2025

26 Nov 2025

Berar Finance Limited: Ratings upgraded for PTCs issued under two-wheeler loan receivables securitisation transaction

Berar Finance Limited: Ratings upgraded for PTCs issued under two-wheeler loan receivables securitisation transaction

18 Nov 2025

Berar Finance Limited: Rating confirmed as final for PTCs backed by two-wheeler loan receivables issued by Akaay 08 2025

Berar Finance Limited: Rating confirmed as final for PTCs backed by two-wheeler loan receivables issued by Akaay 08 2025

14 Oct 2025

Berar Finance Limited: Rating withdrawn

Berar Finance Limited: Rating withdrawn

01 Oct 2025

Berar Finance Limited: Rating reaffirmed for PTCs issued under two-wheeler loan securitisation transaction

Berar Finance Limited: Rating reaffirmed for PTCs issued under two-wheeler loan securitisation transaction