bg-rating-rationales

Entity-Specific Rating Rationales

31 Dec 2025

Northern Arc Capital Limited: Provisional ratings assigned to PTCs backed by consumer finance loan receivables (originated under co-lending partnerships) issued by Rudra Securitisation Trust 6

Northern Arc Capital Limited: Provisional ratings assigned to PTCs backed by consumer finance loan receivables (originated under co-lending partnerships) issued by Rudra Securitisation Trust 6

29 Dec 2025

Northern Arc Capital Limited: [ICRA]AA- (Stable) assigned to fresh NCDs; BLR limits enhanced

Northern Arc Capital Limited: [ICRA]AA- (Stable) assigned to fresh NCDs; BLR limits enhanced

04 Dec 2025

Northern Arc Capital Limited: Provisional ratings assigned to PTCs backed by consumer finance loan receivables (originated under co-lending partnerships) issued by Rudra Securitisation Trust V

Northern Arc Capital Limited: Provisional ratings assigned to PTCs backed by consumer finance loan receivables (originated under co-lending partnerships) issued by Rudra Securitisation Trust V

30 Sep 2025

Northern Arc Capital Limited: Provisional ratings assigned to PTCs backed by consumer finance loan receivables (originated under co-lending partnerships) issued by Rudra Securitisation Trust IV

Northern Arc Capital Limited: Provisional ratings assigned to PTCs backed by consumer finance loan receivables (originated under co-lending partnerships) issued by Rudra Securitisation Trust IV

15 Sep 2025

Northern Arc Capital Limited: [ICRA]AA- (Stable) assigned to fresh NCDs; ratings reaffirmed

Northern Arc Capital Limited: [ICRA]AA- (Stable) assigned to fresh NCDs; ratings reaffirmed

18 Jun 2025

Northern Arc Capital Limited: Rating reaffirmed for PTCs issued under securitisation transaction by multiple originators and arranged by Northern Arc Capital Limited

Northern Arc Capital Limited: Rating reaffirmed for PTCs issued under securitisation transaction by multiple originators and arranged by Northern Arc Capital Limited

31 Mar 2025

Northern Arc Capital Limited: Ratings reaffirmed; rated amount enhanced

Northern Arc Capital Limited: Ratings reaffirmed; rated amount enhanced

19 Jul 2024

Northern Arc Capital Limited: Ratings reaffirmed; rated amount enhanced

Northern Arc Capital Limited: Ratings reaffirmed; rated amount enhanced

27 Jun 2024

Northern Arc Capital Limited: Rating reaffirmed for PTCs issued under securitisation transaction by multiple originators and arranged by Northern Arc Capital Limited

Northern Arc Capital Limited: Rating reaffirmed for PTCs issued under securitisation transaction by multiple originators and arranged by Northern Arc Capital Limited

06 Jun 2024

Northern Arc Capital Limited: [ICRA]AA- (Stable) assigned to fresh NCDs; Ratings reaffirmed

Northern Arc Capital Limited: [ICRA]AA- (Stable) assigned to fresh NCDs; Ratings reaffirmed