bg-rating-rationales

Entity-Specific Rating Rationales

18 Jun 2026

Spandana Sphoorty Financial Limited: Ratings withdrawn for PTCs issued under two microfinance loan securitisation transactions

Spandana Sphoorty Financial Limited: Ratings withdrawn for PTCs issued under two microfinance loan securitisation transactions

11 Jun 2026

Spandana Sphoorty Financial Limited: Rating reaffirmed; outlook revised to Stable from Negative

Spandana Sphoorty Financial Limited: Rating reaffirmed; outlook revised to Stable from Negative

04 Jun 2026

Spandana Sphoorty Financial Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Noblesse Trust 2026

Spandana Sphoorty Financial Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Noblesse Trust 2026

25 May 2026

Spandana Sphoorty Financial Limited: Rating withdrawn for PTCs issued under a microfinance loan securitisation transaction

Spandana Sphoorty Financial Limited: Rating withdrawn for PTCs issued under a microfinance loan securitisation transaction

15 May 2026

Spandana Sphoorty Financial Limited: Ratings confirmed as final for PTCs backed by microfinance loan receivables issued by Scarlet 12 2025

Spandana Sphoorty Financial Limited: Ratings confirmed as final for PTCs backed by microfinance loan receivables issued by Scarlet 12 2025

07 May 2026

Spandana Sphoorty Financial Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Vega 03 2026

Spandana Sphoorty Financial Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Vega 03 2026

04 May 2026

Spandana Sphoorty Financial Limited: Provisional [ICRA]A(SO) assigned to PTC Series A1 issued by Noblesse Trust 2026, backed by a pool of microfinance loans

Spandana Sphoorty Financial Limited: Provisional [ICRA]A(SO) assigned to PTC Series A1 issued by Noblesse Trust 2026, backed by a pool of microfinance loans

24 Apr 2026

Spandana Sphoorty Financial Limited: Rating reaffirmed; assigned for fresh NCDs

Spandana Sphoorty Financial Limited: Rating reaffirmed; assigned for fresh NCDs

20 Apr 2026

Spandana Sphoorty Financial Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Kaveri 03 2025

Spandana Sphoorty Financial Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Kaveri 03 2025

10 Apr 2026

Spandana Sphoorty Financial Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Aster 12 2025

Spandana Sphoorty Financial Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Aster 12 2025