bg-rating-rationales

Entity-Specific Rating Rationales

22 Jun 2026

Northern Arc Capital Limited: Ratings confirmed as final for PTCs backed by a pool of consumer finance loan receivables

Northern Arc Capital Limited: Ratings confirmed as final for PTCs backed by a pool of consumer finance loan receivables

19 Jun 2026

Northern Arc Capital Limited: Ratings confirmed as final for PTCs backed by a pool of consumer finance loan receivables

Northern Arc Capital Limited: Ratings confirmed as final for PTCs backed by a pool of consumer finance loan receivables

13 May 2026

Northern Arc Capital Limited: Ratings confirmed as final for PTCs backed by a pool of consumer finance loan receivables

Northern Arc Capital Limited: Ratings confirmed as final for PTCs backed by a pool of consumer finance loan receivables

27 Apr 2026

Northern Arc Capital Limited: Ratings confirmed as final for PTCs backed by a pool of consumer finance loan receivables

Northern Arc Capital Limited: Ratings confirmed as final for PTCs backed by a pool of consumer finance loan receivables

10 Mar 2026

Northern Arc Capital Limited: Provisional ratings assigned to PTCs backed by consumer finance loan receivables (originated under co-lending partnerships) issued by Rudra Securitisation Trust 7

Northern Arc Capital Limited: Provisional ratings assigned to PTCs backed by consumer finance loan receivables (originated under co-lending partnerships) issued by Rudra Securitisation Trust 7

31 Dec 2025

Northern Arc Capital Limited: Provisional ratings assigned to PTCs backed by consumer finance loan receivables (originated under co-lending partnerships) issued by Rudra Securitisation Trust 6

Northern Arc Capital Limited: Provisional ratings assigned to PTCs backed by consumer finance loan receivables (originated under co-lending partnerships) issued by Rudra Securitisation Trust 6

29 Dec 2025

Northern Arc Capital Limited: [ICRA]AA- (Stable) assigned to fresh NCDs; BLR limits enhanced

Northern Arc Capital Limited: [ICRA]AA- (Stable) assigned to fresh NCDs; BLR limits enhanced

04 Dec 2025

Northern Arc Capital Limited: Provisional ratings assigned to PTCs backed by consumer finance loan receivables (originated under co-lending partnerships) issued by Rudra Securitisation Trust V

Northern Arc Capital Limited: Provisional ratings assigned to PTCs backed by consumer finance loan receivables (originated under co-lending partnerships) issued by Rudra Securitisation Trust V

30 Sep 2025

Northern Arc Capital Limited: Provisional ratings assigned to PTCs backed by consumer finance loan receivables (originated under co-lending partnerships) issued by Rudra Securitisation Trust IV

Northern Arc Capital Limited: Provisional ratings assigned to PTCs backed by consumer finance loan receivables (originated under co-lending partnerships) issued by Rudra Securitisation Trust IV

15 Sep 2025

Northern Arc Capital Limited: [ICRA]AA- (Stable) assigned to fresh NCDs; ratings reaffirmed

Northern Arc Capital Limited: [ICRA]AA- (Stable) assigned to fresh NCDs; ratings reaffirmed