ICRA An Affiliate of Moody's

Entity-Specific Rating Rationales

25 Feb 2026

India Shelter Finance Corporation Limited: Rating actions for PTCs issued under two mortgage loan securitisation transactions

25 Nov 2025

India Shelter Finance Corporation Limited: [ICRA]AA- (Stable) assigned to Rs. 180-crore NCD programme; rating reaffirmed

30 Jun 2025

India Shelter Finance Corporation Limited: Rating reaffirmed and assigned to enhanced amount; rating withdrawn for Rs. 30-crore NCD programme

27 Feb 2025

India Shelter Finance Corporation Limited: Ratings reaffirmed for PTCs issued under two mortgage loan securitisation transactions

23 Aug 2024

India Shelter Finance Corporation Limited: Rating upgraded; outlook revised to Stable

22 Jul 2024

India Shelter Finance Corporation Limited: Ratings reaffirmed for PTCs issued under mortgage loan securitisation transaction

08 May 2024

India Shelter Finance Corporation Limited: Rating withdrawn for redeemed instrument

29 Feb 2024

India Shelter Finance Corporation Limited: Rating reaffirmed; Outlook revised to Positive from Stable

09 Feb 2024

India Shelter Finance Corporation Limited: Ratings reaffirmed for PTCs issued under mortgage loan securitisation transaction

17 Jan 2024

India Shelter Finance Corporation Limited: PP-MLD [ICRA]AAA(CE) (Stable) rating withdrawn

20 Sep 2024

India Shelter Finance Corporation Limited

India Shelter Finance Corporation Limited (Non-SF)

31 Mar 2024

India Shelter Finance Corporation Limited

India Shelter Finance Corporation Limited (Non-SF)

Ratings

Description	Short Term	Medium Term	Long Term	Issuer
PTC Series A1	--	--	[ICRA]AAA(SO)	--
PTC Series A1	--	--	[ICRA]AA+(SO)	--
PTC Series A2	--	--	[ICRA]AA-(SO)	--
PTC Series A2	--	--	[ICRA]AA-(SO)	--
Non-Convertible Debentures	--	--	[ICRA]AA-(Stable)	--
Fund based Term Loan	--	--	[ICRA]AA-(Stable)	--
Principal Protected Market Linked Debentures	--	--	Withdrawn	--
Non-Convertible Debentures	--	--	Withdrawn	--
PTC Series A2	--	--	Withdrawn	--
PTC Series A3	--	--	Withdrawn	--

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