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Entity-Specific Rating Rationales

30 Apr 2026

Aye Finance Limited (erstwhile Aye Finance (P) Ltd.): Ratings confirmed as final for PTCs backed by unsecured business loan receivables issued by SBL Lavanya 1225

Aye Finance Limited (erstwhile Aye Finance (P) Ltd.): Ratings confirmed as final for PTCs backed by unsecured business loan receivables issued by SBL Lavanya 1225

20 Apr 2026

Aye Finance Limited (erstwhile Aye Finance (P) Ltd.): Rating withdrawn for PTCs issued under an unsecured business loan securitisation transaction

Aye Finance Limited (erstwhile Aye Finance (P) Ltd.): Rating withdrawn for PTCs issued under an unsecured business loan securitisation transaction

30 Mar 2026

Aye Finance Limited (erstwhile Aye Finance (P) Ltd.): Ratings reaffirmed for PTCs issued under unsecured business loan securitisation transaction

Aye Finance Limited (erstwhile Aye Finance (P) Ltd.): Ratings reaffirmed for PTCs issued under unsecured business loan securitisation transaction

23 Mar 2026

Aye Finance Limited (erstwhile Aye Finance (P) Ltd.): Ratings reaffirmed for PTCs issued under unsecured business loan securitisation transaction

Aye Finance Limited (erstwhile Aye Finance (P) Ltd.): Ratings reaffirmed for PTCs issued under unsecured business loan securitisation transaction

23 Mar 2026

Aye Finance Limited (erstwhile Aye Finance (P) Ltd.): Ratings confirmed as final for PTCs backed by unsecured business loan receivables issued by AJANTA 03 TRUST 2025

Aye Finance Limited (erstwhile Aye Finance (P) Ltd.): Ratings confirmed as final for PTCs backed by unsecured business loan receivables issued by AJANTA 03 TRUST 2025

30 Dec 2025

Aye Finance Limited (erstwhile Aye Finance (P) Ltd.): Provisional [ICRA]AA+(SO) assigned to PTC Series A1 and Provisional [ICRA]A(SO) assigned to Equity Tranche PTCs issued by SBL Lavanya 1225, backed by a pool of unsecured business loans

Aye Finance Limited (erstwhile Aye Finance (P) Ltd.): Provisional [ICRA]AA+(SO) assigned to PTC Series A1 and Provisional [ICRA]A(SO) assigned to Equity Tranche PTCs issued by SBL Lavanya 1225, backed by a pool of unsecured business loans

12 Nov 2025

Aye Finance Limited (erstwhile Aye Finance (P) Ltd.): [ICRA]A (Stable) assigned to Rs. 400-crore NCD programme; rating reaffirmed and rated amount enhanced

Aye Finance Limited (erstwhile Aye Finance (P) Ltd.): [ICRA]A (Stable) assigned to Rs. 400-crore NCD programme; rating reaffirmed and rated amount enhanced

12 Nov 2025

Aye Finance Limited (erstwhile Aye Finance (P) Ltd.): Provisional [ICRA]AA(SO) assigned to PTC Series A1 and Provisional [ICRA]A+(SO) assigned to Series B PTCs issued by AJANTA 03 TRUST 2025, backed by a pool of unsecured business loans

Aye Finance Limited (erstwhile Aye Finance (P) Ltd.): Provisional [ICRA]AA(SO) assigned to PTC Series A1 and Provisional [ICRA]A+(SO) assigned to Series B PTCs issued by AJANTA 03 TRUST 2025, backed by a pool of unsecured business loans

29 Sep 2025

Aye Finance Limited (erstwhile Aye Finance (P) Ltd.): Ratings reaffirmed for PTCs issued under unsecured business loan securitisation transaction

Aye Finance Limited (erstwhile Aye Finance (P) Ltd.): Ratings reaffirmed for PTCs issued under unsecured business loan securitisation transaction

28 Jul 2025

Aye Finance Limited (erstwhile Aye Finance (P) Ltd.): Rating actions for PTCs issued under unsecured business loan securitisation transactions

Aye Finance Limited (erstwhile Aye Finance (P) Ltd.): Rating actions for PTCs issued under unsecured business loan securitisation transactions