bg-rating-rationales

Entity-Specific Rating Rationales

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

17 Sep 2025

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

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

02 Sep 2025

Satin Creditcare Network Limited: Provisional [ICRA]AA+(SO) assigned to Series A1 PTC and Provisional [ICRA]AA(SO) assigned to Series A2 PTCs backed by microfinance loan receivables issued by Theseus 2025

Satin Creditcare Network Limited: Provisional [ICRA]AA+(SO) assigned to Series A1 PTC and Provisional [ICRA]AA(SO) assigned to Series A2 PTCs backed by microfinance loan receivables issued by Theseus 2025

14 Aug 2025

Satin Creditcare Network Limited: Ratings assigned/reaffirmed; rating simultaneously withdrawn for matured NCDs

Satin Creditcare Network Limited: Ratings assigned/reaffirmed; rating simultaneously withdrawn for matured NCDs

16 Jul 2025

Satin Creditcare Network Limited: [ICRA]A (Stable) assigned to subordinated debt; ratings reaffirmed for other instruments

Satin Creditcare Network Limited: [ICRA]A (Stable) assigned to subordinated debt; ratings reaffirmed for other instruments

10 Jul 2025

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

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

10 Jun 2025

Satin Creditcare Network Limited: Provisional [ICRA]AA+(SO) assigned to PTCs backed by microfinance loan receivables issued by Rambo 2026

Satin Creditcare Network Limited: Provisional [ICRA]AA+(SO) assigned to PTCs backed by microfinance loan receivables issued by Rambo 2026

01 May 2025

Satin Creditcare Network Limited: Rating withdrawn for PTCs issued under a microfinance loan securitisation transaction

Satin Creditcare Network Limited: Rating withdrawn for PTCs issued under a microfinance loan securitisation transaction

29 Apr 2025

Satin Creditcare Network Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Bougainvillea 2024

Satin Creditcare Network Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Bougainvillea 2024