bg-rating-rationales

Entity-Specific Rating Rationales

23 Mar 2026

Spandana Sphoorty Financial Limited: Rating upgraded for PTCs issued under microfinance loan receivables securitisation transaction

Spandana Sphoorty Financial Limited: Rating upgraded for PTCs issued under microfinance loan receivables securitisation transaction

23 Mar 2026

Spandana Sphoorty Financial Limited: Provisional ratings assigned to PTCs backed by a pool of microfinance loan receivables

Spandana Sphoorty Financial Limited: Provisional ratings assigned to PTCs backed by a pool of microfinance loan receivables

16 Feb 2026

Spandana Sphoorty Financial Limited: Rating reaffirmed for PTCs issued under microfinance loan receivables securitisation transaction

Spandana Sphoorty Financial Limited: Rating reaffirmed for PTCs issued under microfinance loan receivables securitisation transaction

19 Jan 2026

Spandana Sphoorty Financial Limited: Rating reaffirmed for PTCs issued under microfinance loan receivables securitisation transaction

Spandana Sphoorty Financial Limited: Rating reaffirmed for PTCs issued under microfinance loan receivables securitisation transaction

19 Jan 2026

Spandana Sphoorty Financial Limited: Rating reaffirmed for PTCs issued under microfinance loan receivables securitisation transaction

Spandana Sphoorty Financial Limited: Rating reaffirmed for PTCs issued under microfinance loan receivables securitisation transaction

02 Jan 2026

Spandana Sphoorty Financial Limited: Provisional [ICRA]AA-(SO) assigned to PTC Series A issued by Coral 12 2025, backed by a pool of microfinance loans

Spandana Sphoorty Financial Limited: Provisional [ICRA]AA-(SO) assigned to PTC Series A issued by Coral 12 2025, backed by a pool of microfinance loans

02 Jan 2026

Spandana Sphoorty Financial Limited: Provisional [ICRA]AA-(SO) assigned to PTC Series A1 issued by Kaveri 03 2025, backed by a pool of microfinance loans

Spandana Sphoorty Financial Limited: Provisional [ICRA]AA-(SO) assigned to PTC Series A1 issued by Kaveri 03 2025, backed by a pool of microfinance loans

30 Dec 2025

Spandana Sphoorty Financial Limited: Provisional [ICRA]A+(SO) assigned to PTC Series A1 issued by Aster 12 2025, backed by a pool of microfinance loans

Spandana Sphoorty Financial Limited: Provisional [ICRA]A+(SO) assigned to PTC Series A1 issued by Aster 12 2025, backed by a pool of microfinance loans

24 Dec 2025

Spandana Sphoorty Financial Limited: Provisional [ICRA]AA-(SO) assigned to PTC Series A1 issued by Falcon 12 2025, backed by a pool of microfinance loans

Spandana Sphoorty Financial Limited: Provisional [ICRA]AA-(SO) assigned to PTC Series A1 issued by Falcon 12 2025, backed by a pool of microfinance loans

05 Nov 2025

Spandana Sphoorty Financial Limited: Ratings confirmed as final for PTCs backed by microfinance loan receivables issued by Pueblo 09 2025

Spandana Sphoorty Financial Limited: Ratings confirmed as final for PTCs backed by microfinance loan receivables issued by Pueblo 09 2025