bg-rating-rationales

Entity-Specific Rating Rationales

16 Oct 2025

WheelsEMI Private Limited: Rating reaffirmed, and outlook revised to Negative from Stable; rating withdrawn for Rs. 22.50-crore NCD programme

WheelsEMI Private Limited: Rating reaffirmed, and outlook revised to Negative from Stable; rating withdrawn for Rs. 22.50-crore NCD programme

13 Oct 2025

WheelsEMI Private Limited: Ratings confirmed as final for PTCs backed by vehicle loan receivables issued by Cooper Trust 010

WheelsEMI Private Limited: Ratings confirmed as final for PTCs backed by vehicle loan receivables issued by Cooper Trust 010

23 Sep 2025

WheelsEMI Private Limited: Ratings confirmed as final for PTCs backed by vehicle loan receivables issued by Kepler 05 2025

WheelsEMI Private Limited: Ratings confirmed as final for PTCs backed by vehicle loan receivables issued by Kepler 05 2025

04 Sep 2025

WheelsEMI Private Limited: Provisional ratings assigned to PTCs backed by vehicle loan receivables issued by Arrakis 08 2025

WheelsEMI Private Limited: Provisional ratings assigned to PTCs backed by vehicle loan receivables issued by Arrakis 08 2025

28 Jul 2025

WheelsEMI Private Limited: Provisional ratings assigned to Series A1 PTC and equity tranche PTC backed by vehicle loan receivables issued by Cooper Trust 010

WheelsEMI Private Limited: Provisional ratings assigned to Series A1 PTC and equity tranche PTC backed by vehicle loan receivables issued by Cooper Trust 010

04 Jun 2025

WheelsEMI Private Limited: Provisional ratings assigned to PTCs and equity tranche PTC backed by vehicle loan receivables issued by Kepler 05 2025

WheelsEMI Private Limited: Provisional ratings assigned to PTCs and equity tranche PTC backed by vehicle loan receivables issued by Kepler 05 2025

15 May 2025

WheelsEMI Private Limited: Ratings confirmed as final for PTCs backed by vehicle loan receivables issued by Kalki 2024

WheelsEMI Private Limited: Ratings confirmed as final for PTCs backed by vehicle loan receivables issued by Kalki 2024

24 Feb 2025

WheelsEMI Private Limited: Rating confirmed as final for PTCs issued under a vehicle loan receivables securitisation transaction

WheelsEMI Private Limited: Rating confirmed as final for PTCs issued under a vehicle loan receivables securitisation transaction

07 Feb 2025

WheelsEMI Private Limited: Provisional [ICRA]A-(SO) assigned to Series A1 PTC and Provisional [ICRA]BBB(SO) assigned to Series A2 PTC backed by vehicle loan receivables issued by Kalki 2024

WheelsEMI Private Limited: Provisional [ICRA]A-(SO) assigned to Series A1 PTC and Provisional [ICRA]BBB(SO) assigned to Series A2 PTC backed by vehicle loan receivables issued by Kalki 2024

13 Jan 2025

WheelsEMI Private Limited: Ratings confirmed as final for PTCs issued under a vehicle loan receivables securitisation transaction

WheelsEMI Private Limited: Ratings confirmed as final for PTCs issued under a vehicle loan receivables securitisation transaction