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Entity-Specific Rating Rationales

31 Mar 2026

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Naruto 2026, backed by a pool of microfinance loan receivables

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Naruto 2026, backed by a pool of microfinance loan receivables

23 Mar 2026

Svatantra Microfin Private Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Agastya Nov-25

Svatantra Microfin Private Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Agastya Nov-25

23 Mar 2026

Svatantra Microfin Private Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Abhimanyu Nov-25

Svatantra Microfin Private Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Abhimanyu Nov-25

25 Feb 2026

Svatantra Microfin Private Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Vakratunda Sep-25

Svatantra Microfin Private Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Vakratunda Sep-25

16 Feb 2026

Svatantra Microfin Private Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by MAHADEV Aug-2025

Svatantra Microfin Private Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by MAHADEV Aug-2025

02 Feb 2026

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Sarvaatmah, backed by a pool of microfinance loan receivables

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Sarvaatmah, backed by a pool of microfinance loan receivables

03 Dec 2025

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Agastya Nov-25, backed by a pool of microfinance loan receivables

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Agastya Nov-25, backed by a pool of microfinance loan receivables

03 Dec 2025

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A issued by Abhimanyu Nov-25, backed by a pool of microfinance loan receivables

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A issued by Abhimanyu Nov-25, backed by a pool of microfinance loan receivables

27 Oct 2025

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Raghunandan Oct-25, backed by a pool of microfinance loan receivables

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Raghunandan Oct-25, backed by a pool of microfinance loan receivables

23 Sep 2025

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Vakratunda Sep-25, backed by a pool of microfinance loan receivables

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Vakratunda Sep-25, backed by a pool of microfinance loan receivables