bg-rating-rationales

Entity-Specific Rating Rationales

17 Jul 2026

Spandana Sphoorty Financial Limited: Ratings reaffirmed for PTCs issued under two microfinance loan receivables securitisation transactions

Spandana Sphoorty Financial Limited: Ratings reaffirmed for PTCs issued under two microfinance loan receivables securitisation transactions

14 Jul 2026

Spandana Sphoorty Financial Limited: Rating reaffirmed for PTCs issued under microfinance loan receivables securitisation transaction

Spandana Sphoorty Financial Limited: Rating reaffirmed for PTCs issued under microfinance loan receivables securitisation transaction

03 Jul 2026

Spandana Sphoorty Financial Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1(a) and Provisional [ICRA]AA(SO) assigned to PTC Series A1(b) issued by Olive 05 2026, backed by a pool of microfinance loans

Spandana Sphoorty Financial Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1(a) and Provisional [ICRA]AA(SO) assigned to PTC Series A1(b) issued by Olive 05 2026, backed by a pool of microfinance loans

29 Jun 2026

Spandana Sphoorty Financial Limited: Provisional [ICRA]AA(SO) assigned to PTC Series A1 issued by Procyon 06 2026, backed by a pool of microfinance loans

Spandana Sphoorty Financial Limited: Provisional [ICRA]AA(SO) assigned to PTC Series A1 issued by Procyon 06 2026, backed by a pool of microfinance loans

18 Jun 2026

Spandana Sphoorty Financial Limited: Ratings withdrawn for PTCs issued under two microfinance loan securitisation transactions

Spandana Sphoorty Financial Limited: Ratings withdrawn for PTCs issued under two microfinance loan securitisation transactions

11 Jun 2026

Spandana Sphoorty Financial Limited: Rating reaffirmed; outlook revised to Stable from Negative

Spandana Sphoorty Financial Limited: Rating reaffirmed; outlook revised to Stable from Negative

04 Jun 2026

Spandana Sphoorty Financial Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Noblesse Trust 2026

Spandana Sphoorty Financial Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Noblesse Trust 2026

25 May 2026

Spandana Sphoorty Financial Limited: Rating withdrawn for PTCs issued under a microfinance loan securitisation transaction

Spandana Sphoorty Financial Limited: Rating withdrawn for PTCs issued under a microfinance loan securitisation transaction

15 May 2026

Spandana Sphoorty Financial Limited: Ratings confirmed as final for PTCs backed by microfinance loan receivables issued by Scarlet 12 2025

Spandana Sphoorty Financial Limited: Ratings confirmed as final for PTCs backed by microfinance loan receivables issued by Scarlet 12 2025

07 May 2026

Spandana Sphoorty Financial Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Vega 03 2026

Spandana Sphoorty Financial Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Vega 03 2026