bg-rating-rationales

Entity-Specific Rating Rationales

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

01 Sep 2025

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by MAHADEV Aug-2025, backed by a pool of microfinance loan receivables

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by MAHADEV Aug-2025, backed by a pool of microfinance loan receivables

28 Aug 2025

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

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

06 Jun 2025

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

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