bg-rating-rationales

Entity-Specific Rating Rationales

08 Oct 2025

Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited): Rating reaffirmed for PTCs backed by used car loan receivables issued by Naman Trust PTC Sept 2025

Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited): Rating reaffirmed for PTCs backed by used car loan receivables issued by Naman Trust PTC Sept 2025

30 Sep 2025

Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited): Provisional [ICRA]AA+(SO) assigned to SNs backed by personal loan receivables issued by NEXA TRUST SEPT 2025

Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited): Provisional [ICRA]AA+(SO) assigned to SNs backed by personal loan receivables issued by NEXA TRUST SEPT 2025

29 Sep 2025

Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited): Provisional [ICRA]AAA(SO) assigned to PTCs backed by used car loan receivables issued by Naman Trust PTC Sept 2025

Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited): Provisional [ICRA]AAA(SO) assigned to PTCs backed by used car loan receivables issued by Naman Trust PTC Sept 2025

26 Sep 2025

Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited): [ICRA]AA (Stable) assigned to fresh NCD/retail NCD programmes; ratings reaffirmed and rated amount enhanced; rating withdrawn for matured instruments

Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited): [ICRA]AA (Stable) assigned to fresh NCD/retail NCD programmes; ratings reaffirmed and rated amount enhanced; rating withdrawn for matured instruments

05 Sep 2025

Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited): Provisional [ICRA]AA+(SO) assigned to PTCs backed by personal loan receivables issued by VED TRUST PTC JULY 2025

Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited): Provisional [ICRA]AA+(SO) assigned to PTCs backed by personal loan receivables issued by VED TRUST PTC JULY 2025

18 Aug 2025

Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited): Rating reaffirmed for securitisation notes issued under mortgage loan securitisation transaction

Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited): Rating reaffirmed for securitisation notes issued under mortgage loan securitisation transaction

21 Jul 2025

Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited): Rating reaffirmed for securitisation notes issued under mortgage loan securitisation transaction

Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited): Rating reaffirmed for securitisation notes issued under mortgage loan securitisation transaction

17 Jul 2025

Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited): Rating confirmed as final for Series A1 PTCs backed by used car loan receivables issued by Naman Trust PTC June 2025

Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited): Rating confirmed as final for Series A1 PTCs backed by used car loan receivables issued by Naman Trust PTC June 2025

27 Jun 2025

Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited): Rating reaffirmed for securitisation notes issued under mortgage loan securitisation transactions

Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited): Rating reaffirmed for securitisation notes issued under mortgage loan securitisation transactions

25 Jun 2025

Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited): Provisional [ICRA]AAA(SO) assigned to PTCs backed by used car loan receivables issued by Naman Trust PTC June 2025

Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited): Provisional [ICRA]AAA(SO) assigned to PTCs backed by used car loan receivables issued by Naman Trust PTC June 2025