bg-rating-rationales

Entity-Specific Rating Rationales

10 Mar 2026

Satin Creditcare Network Limited: [ICRA]A (Stable) assigned/ratings reaffirmed; rating simultaneously withdrawn for matured NCDs

Satin Creditcare Network Limited: [ICRA]A (Stable) assigned/ratings reaffirmed; rating simultaneously withdrawn for matured NCDs

24 Feb 2026

Satin Creditcare Network Limited: Rating reaffirmed for PTCs issued under a microfinance loan receivables securitisation transaction

Satin Creditcare Network Limited: Rating reaffirmed for PTCs issued under a microfinance loan receivables securitisation transaction

02 Feb 2026

Satin Creditcare Network Limited: Provisional [ICRA]AA+(SO) assigned to PTCs backed by microfinance loan receivables issued by ROVER 2023

Satin Creditcare Network Limited: Provisional [ICRA]AA+(SO) assigned to PTCs backed by microfinance loan receivables issued by ROVER 2023

22 Jan 2026

Satin Creditcare Network Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Phantom 2026

Satin Creditcare Network Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Phantom 2026

31 Dec 2025

Satin Creditcare Network Limited: Provisional [ICRA]AA+(SO) assigned to Series A1 PTC and Provisional [ICRA]AA(SO) assigned to Series A2 PTC backed by microfinance loan receivables issued by Slovakia 2023

Satin Creditcare Network Limited: Provisional [ICRA]AA+(SO) assigned to Series A1 PTC and Provisional [ICRA]AA(SO) assigned to Series A2 PTC backed by microfinance loan receivables issued by Slovakia 2023

30 Dec 2025

Satin Creditcare Network Limited: Provisional [ICRA]AA-(SO) assigned to Series A1 PTCs backed by microfinance loan receivables issued by SATLUJ 2023

Satin Creditcare Network Limited: Provisional [ICRA]AA-(SO) assigned to Series A1 PTCs backed by microfinance loan receivables issued by SATLUJ 2023

24 Dec 2025

Satin Creditcare Network Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Trumpet 2023

Satin Creditcare Network Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Trumpet 2023

18 Dec 2025

Satin Creditcare Network Limited: Ratings confirmed as final for PTCs backed by microfinance loan receivables issued by Theseus 2025

Satin Creditcare Network Limited: Ratings confirmed as final for PTCs backed by microfinance loan receivables issued by Theseus 2025

03 Oct 2025

Satin Creditcare Network Limited: Provisional [ICRA]AA+(SO) assigned to Series A1 PTC backed by microfinance loan receivables issued by Phantom 2026

Satin Creditcare Network Limited: Provisional [ICRA]AA+(SO) assigned to Series A1 PTC backed by microfinance loan receivables issued by Phantom 2026

25 Sep 2025

Satin Creditcare Network Limited: Provisional [ICRA]AA+(SO) assigned to Series A1 PTC backed by microfinance loan receivables issued by Trumpet 2023

Satin Creditcare Network Limited: Provisional [ICRA]AA+(SO) assigned to Series A1 PTC backed by microfinance loan receivables issued by Trumpet 2023