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Entity-Specific Rating Rationales

13 Jun 2025

SMFG India Credit Company Limited: Ratings reaffirmed

SMFG India Credit Company Limited: Ratings reaffirmed

27 Feb 2025

SMFG India Credit Company Limited: Rating upgraded for PTCs backed by personal loan securitisation transaction

SMFG India Credit Company Limited: Rating upgraded for PTCs backed by personal loan securitisation transaction

06 Aug 2024

SMFG India Credit Company Limited: [ICRA]AAA (Stable) assigned for enhanced amount; rating withdrawn for unutilised limits

SMFG India Credit Company Limited: [ICRA]AAA (Stable) assigned for enhanced amount; rating withdrawn for unutilised limits

13 Jun 2024

SMFG India Credit Company Limited: Ratings reaffirmed

SMFG India Credit Company Limited: Ratings reaffirmed

28 Feb 2024

SMFG India Credit Company Limited: Ratings reaffirmed for PTCs issued under a personal loan securitisation transaction

SMFG India Credit Company Limited: Ratings reaffirmed for PTCs issued under a personal loan securitisation transaction

13 Jun 2023

SMFG India Credit Company Limited: Ratings reaffirmed/assigned; rated amount enhanced

SMFG India Credit Company Limited: Ratings reaffirmed/assigned; rated amount enhanced

07 Feb 2023

Fullerton India Credit Company Limited: Rating confirmed as final for PTCs issued under a personal loan receivables securitisation transaction

Fullerton India Credit Company Limited: Rating confirmed as final for PTCs issued under a personal loan receivables securitisation transaction

02 Jan 2023

Fullerton India Credit Company Limited: Provisional [ICRA]AA+(SO) assigned to Series A1 PTC backed by personal loan receivables issued by PL PTC TRUST 01

Fullerton India Credit Company Limited: Provisional [ICRA]AA+(SO) assigned to Series A1 PTC backed by personal loan receivables issued by PL PTC TRUST 01

16 Dec 2022

Fullerton India Credit Company Limited: PP-MLD [ICRA]AAA (Stable) assigned; rating reaffirmed; rated amount enhanced

Fullerton India Credit Company Limited: PP-MLD [ICRA]AAA (Stable) assigned; rating reaffirmed; rated amount enhanced

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Entity-Specific Credit Perspective Reports

11 Jul 2025

SMFG India Credit Company Limited

SMFG India Credit Company Limited (Non-SF)

11 Jul 2024

SMFG India Credit Company Limited

SMFG India Credit Company Limited (Non-SF)

08 Jul 2024

SMFG India Credit Company Limited

SMFG India Credit Company Limited (SF)

02 Aug 2023

SMFG India Credit Company Limited

SMFG India Credit Company Limited (Non-SF)

11 Jan 2023

SMFG India Credit Company Limited

SMFG India Credit Company Limited (SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Subordinate Debt -- -- [ICRA]AAA(Stable) --
Non-Convertible Debenture -- -- [ICRA]AAA(Stable) --
Principal Protected Market Linked Debentures -- -- [ICRA]AAA (Stable)PP-MLD --
Series A1 PTC -- -- [ICRA]AAA(SO) --
Long Term Fund Based Bank Lines -- -- [ICRA]AAA(Stable) --
Issuer rating -- -- [ICRA]AAA(Stable) --
Short-Term Debt [ICRA]A1+ -- -- --
Commercial Paper [ICRA]A1+ -- -- --
Retail non-convertible debenture programme -- -- [ICRA]AAA(Stable) --
-- -- -- * --

Our Analysts

Analyst 1

Ajay Bathija

Analyst 2

Sandeep Sharma

Sector Head

Karthik Srinivasan
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