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Entity-Specific Rating Rationales

11 Sep 2025

NeoGrowth Credit Private Limited: Ratings withdrawn for PTCs issued under two MSME business loan receivables

NeoGrowth Credit Private Limited: Ratings withdrawn for PTCs issued under two MSME business loan receivables

02 Sep 2025

NeoGrowth Credit Private Limited: Ratings reaffirmed and outlook revised to Negative

NeoGrowth Credit Private Limited: Ratings reaffirmed and outlook revised to Negative

01 Aug 2025

NeoGrowth Credit Private Limited: Ratings withdrawn for PTCs issued under two MSME business loan receivables

NeoGrowth Credit Private Limited: Ratings withdrawn for PTCs issued under two MSME business loan receivables

21 Jul 2025

NeoGrowth Credit Private Limited: Rating confirmed as final for PTCs backed by MSME business loan receivables issued by Nabh Trust December 2024

NeoGrowth Credit Private Limited: Rating confirmed as final for PTCs backed by MSME business loan receivables issued by Nabh Trust December 2024

23 Jun 2025

NeoGrowth Credit Private Limited: Rating withdrawn for PTCs issued under MSME business loan receivables

NeoGrowth Credit Private Limited: Rating withdrawn for PTCs issued under MSME business loan receivables

23 Jun 2025

NeoGrowth Credit Private Limited: Rating action on PTCs issued under two MSME business loans securitisation transactions

NeoGrowth Credit Private Limited: Rating action on PTCs issued under two MSME business loans securitisation transactions

19 May 2025

NeoGrowth Credit Private Limited: Rating actions for PTCs/SNs issued under two MSME business loan securitisation transactions

NeoGrowth Credit Private Limited: Rating actions for PTCs/SNs issued under two MSME business loan securitisation transactions

19 May 2025

NeoGrowth Credit Private Limited: Ratings withdrawn for PTCs/SNs issued under MSME business loan receivables

NeoGrowth Credit Private Limited: Ratings withdrawn for PTCs/SNs issued under MSME business loan receivables

12 May 2025

NeoGrowth Credit Private Limited: Rating confirmed as final for PTCs backed by MSME business loan receivables issued by Scorpio Trust April 2025

NeoGrowth Credit Private Limited: Rating confirmed as final for PTCs backed by MSME business loan receivables issued by Scorpio Trust April 2025

05 May 2025

NeoGrowth Credit Private Limited: Provisional [ICRA]A(SO) assigned to Series A1 PTC backed by MSME business loan receivables issued by Scorpio Trust April 2025

NeoGrowth Credit Private Limited: Provisional [ICRA]A(SO) assigned to Series A1 PTC backed by MSME business loan receivables issued by Scorpio Trust April 2025


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Entity-Specific Credit Perspective Reports

05 May 2025

NeoGrowth Credit Private Limited

NeoGrowth Credit Private Limited (SF)

04 Mar 2025

NeoGrowth Credit Private Limited

NeoGrowth Credit Private Limited (SF)

14 Jan 2025

NeoGrowth Credit Private Limited

NeoGrowth Credit Private Limited (Non-SF)

31 Dec 2024

NeoGrowth Credit Private Limited

NeoGrowth Credit Private Limited (SF)

31 Dec 2024

NeoGrowth Credit Private Limited

NeoGrowth Credit Private Limited (SF)

02 Dec 2024

NeoGrowth Credit Private Limited

NeoGrowth Credit Private Limited (SF)

02 Dec 2024

NeoGrowth Credit Private Limited

NeoGrowth Credit Private Limited (SF)

09 Oct 2024

NeoGrowth Credit Private Limited

NeoGrowth Credit Private Limited (SF)

30 Jun 2024

NeoGrowth Credit Private Limited

NeoGrowth Credit Private Limited (SF)

07 Jun 2024

NeoGrowth Credit Private Limited

NeoGrowth Credit Private Limited (SF)


Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Series A PTC -- -- Withdrawn --
Series A1 SN -- -- Withdrawn --
Non-Convertible Debentures -- -- [ICRA]BBB+(Negative) --
Long term – Fund based bank lines -- -- [ICRA]BBB+(Negative) --
Series A1 PTC -- -- Withdrawn --
PTC Series A1 -- -- Withdrawn --
Series A1 PTC -- -- [ICRA]A(SO) --
Series A1 PTC -- -- [ICRA]A+(SO) --
Series A1 PTC -- -- Withdrawn --
Series A1 SN -- -- Withdrawn --

Our Analysts

Analyst 1

Tina Parekh

Analyst 2

Sumit Pramanik

Sector Head

Manushree Sagar
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