bg-rating-rationales

Entity-Specific Rating Rationales

19 Nov 2025

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Provisional rating assigned to PTC backed by loan against property (LAP) receivables issued by ARVIND 10 2025

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Provisional rating assigned to PTC backed by loan against property (LAP) receivables issued by ARVIND 10 2025

22 Sep 2025

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Rating placed on Watch with Negative Implications for PTCs issued under unsecured individual business loan receivables securitisation transaction

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Rating placed on Watch with Negative Implications for PTCs issued under unsecured individual business loan receivables securitisation transaction

22 Sep 2025

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Rating placed on Watch with Negative Implications for PTCs issued under unsecured individual business loan receivables securitisation transaction

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Rating placed on Watch with Negative Implications for PTCs issued under unsecured individual business loan receivables securitisation transaction

26 Aug 2025

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Rating downgraded to [ICRA]BBB (Negative)

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Rating downgraded to [ICRA]BBB (Negative)

11 Jun 2025

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Rating downgraded to [ICRA]BBB+ (Negative)

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Rating downgraded to [ICRA]BBB+ (Negative)

26 May 2025

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Rating confirmed as final for PTCs backed by a pool of unsecured individual business loan receivables issued by Bravlo 2025

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Rating confirmed as final for PTCs backed by a pool of unsecured individual business loan receivables issued by Bravlo 2025

31 Mar 2025

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Provisional [ICRA]A-(SO) assigned to PTC Series A1 issued by Bravlo 2025, backed by a pool of unsecured individual business loans

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Provisional [ICRA]A-(SO) assigned to PTC Series A1 issued by Bravlo 2025, backed by a pool of unsecured individual business loans

18 Feb 2025

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Rating confirmed as final for PTCs backed by a pool of unsecured individual business loan receivables issued by Sunrise 2024

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Rating confirmed as final for PTCs backed by a pool of unsecured individual business loan receivables issued by Sunrise 2024

03 Feb 2025

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Rating downgraded to [ICRA]A- (Negative)

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Rating downgraded to [ICRA]A- (Negative)

31 Dec 2024

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Provisional [ICRA]A-(SO) assigned to PTC Series A1 issued by Sunrise 2024, backed by a pool of unsecured individual business loans

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Provisional [ICRA]A-(SO) assigned to PTC Series A1 issued by Sunrise 2024, backed by a pool of unsecured individual business loans