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Entity-Specific Rating Rationales

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

22 Jul 2025

Aye Finance Limited (erstwhile Aye Finance (P) Ltd.) : Ratings confirmed as final for PTCs backed by unsecured business loan receivables issued by HITHIKA 01 TRUST 2025

Aye Finance Limited (erstwhile Aye Finance (P) Ltd.) : Ratings confirmed as final for PTCs backed by unsecured business loan receivables issued by HITHIKA 01 TRUST 2025

06 Jun 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 HITHIKA 01 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 Equity Tranche PTCs issued by HITHIKA 01 TRUST 2025, backed by a pool of unsecured business loans

30 May 2025

Aye Finance Limited (erstwhile Aye Finance (P) Ltd.) : Ratings confirmed as final for PTCs backed by unsecured business loan receivables issued by SBL Sarika 0225

Aye Finance Limited (erstwhile Aye Finance (P) Ltd.) : Ratings confirmed as final for PTCs backed by unsecured business loan receivables issued by SBL Sarika 0225

28 May 2025

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

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

19 Mar 2025

Aye Finance Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 and Provisional [ICRA]AA(SO) assigned to Equity Tranche PTCs issued by SBL Sarika 0225, backed by a pool of unsecured business loans

Aye Finance Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 and Provisional [ICRA]AA(SO) assigned to Equity Tranche PTCs issued by SBL Sarika 0225, backed by a pool of unsecured business loans