bg-rating-rationales

Entity-Specific Rating Rationales

04 Mar 2026

NeoGrowth Credit Private Limited: Provisional [ICRA]A-(SO) assigned to Series A PTC backed by MSME business loan receivables issued by Nebula Trust February 2026

NeoGrowth Credit Private Limited: Provisional [ICRA]A-(SO) assigned to Series A PTC backed by MSME business loan receivables issued by Nebula Trust February 2026

23 Dec 2025

NeoGrowth Credit Private Limited: Rating withdrawn for PTCs issued under a MSME business loan receivables

NeoGrowth Credit Private Limited: Rating withdrawn for PTCs issued under a MSME business loan receivables

05 Dec 2025

NeoGrowth Credit Private Limited: Provisional [ICRA]A-(SO) assigned to Series A1 PTC backed by MSME business loan receivables issued by Saturn 2025

NeoGrowth Credit Private Limited: Provisional [ICRA]A-(SO) assigned to Series A1 PTC backed by MSME business loan receivables issued by Saturn 2025

05 Dec 2025

NeoGrowth Credit Private Limited: Ratings withdrawn for PTCs issued under two MSME business loan receivables

NeoGrowth Credit Private Limited: Ratings withdrawn for PTCs issued under two MSME business loan receivables

20 Nov 2025

NeoGrowth Credit Private Limited: Rating reaffirmed for Series A1 PTC issued under MSME business loan securitisation transaction

NeoGrowth Credit Private Limited: Rating reaffirmed for Series A1 PTC issued under MSME business loan securitisation transaction

17 Nov 2025

NeoGrowth Credit Private Limited: Ratings downgraded to [ICRA]BBB(Negative) and [ICRA]A3+

NeoGrowth Credit Private Limited: Ratings downgraded to [ICRA]BBB(Negative) and [ICRA]A3+

24 Oct 2025

NeoGrowth Credit Private Limited: Rating reaffirmed for Series A1 PTC issued under MSME business loan securitisation transaction

NeoGrowth Credit Private Limited: Rating reaffirmed for Series A1 PTC issued under MSME business loan securitisation transaction

22 Sep 2025

NeoGrowth Credit Private Limited: Rating upgraded for PTCs issued under a MSME business loan securitisation transaction

NeoGrowth Credit Private Limited: Rating upgraded for PTCs issued under a MSME business loan securitisation transaction

11 Sep 2025

NeoGrowth Credit Private Limited: Ratings withdrawn for PTCs issued under two MSME business loan receivables

NeoGrowth Credit Private Limited: Ratings withdrawn for PTCs issued under two MSME business loan receivables

02 Sep 2025

NeoGrowth Credit Private Limited: Ratings reaffirmed and outlook revised to Negative

NeoGrowth Credit Private Limited: Ratings reaffirmed and outlook revised to Negative