bg-rating-rationales

Entity-Specific Rating Rationales

28 Jul 2026

NeoGrowth Credit Private Limited: Rating reaffirmed for PTCs issued under MSME business loan securitisation transaction

NeoGrowth Credit Private Limited: Rating reaffirmed for PTCs issued under MSME business loan securitisation transaction

20 Jul 2026

NeoGrowth Credit Private Limited: Rating confirmed as final for PTCs issued under an unsecured MSME business loan securitisation transaction

NeoGrowth Credit Private Limited: Rating confirmed as final for PTCs issued under an unsecured MSME business loan securitisation transaction

25 May 2026

NeoGrowth Credit Private Limited: Rating reaffirmed for PTCs issued under a MSME business loan securitisation transaction

NeoGrowth Credit Private Limited: Rating reaffirmed for PTCs issued under a MSME business loan securitisation transaction

05 May 2026

NeoGrowth Credit Private Limited: Provisional [ICRA]A(SO) assigned to Series A1 PTCs backed by MSME business loan receivables issued by Neptune Trust 2 April 2026

NeoGrowth Credit Private Limited: Provisional [ICRA]A(SO) assigned to Series A1 PTCs backed by MSME business loan receivables issued by Neptune Trust 2 April 2026

20 Apr 2026

NeoGrowth Credit Private Limited: Rating confirmed as final for PTCs issued under an unsecured MSME business loan securitisation transaction

NeoGrowth Credit Private Limited: Rating confirmed as final for PTCs issued under an unsecured MSME business loan securitisation transaction

31 Mar 2026

NeoGrowth Credit Private Limited: Provisional [ICRA]A+(SO) assigned to Series A1 PTC and Provisional [ICRA]A(SO) assigned to Series B PTC backed by MSME business loan receivables issued by Avni Trust March 2026

NeoGrowth Credit Private Limited: Provisional [ICRA]A+(SO) assigned to Series A1 PTC and Provisional [ICRA]A(SO) assigned to Series B PTC backed by MSME business loan receivables issued by Avni Trust March 2026

31 Mar 2026

NeoGrowth Credit Private Limited: Provisional [ICRA]A(SO) assigned to Series A PTC backed by MSME business loan receivables issued by Pingala 03 2026

NeoGrowth Credit Private Limited: Provisional [ICRA]A(SO) assigned to Series A PTC backed by MSME business loan receivables issued by Pingala 03 2026

31 Mar 2026

NeoGrowth Credit Private Limited: Rating withdrawn for PTCs backed by MSME loan securitisation transactions

NeoGrowth Credit Private Limited: Rating withdrawn for PTCs backed by MSME loan securitisation transactions

24 Mar 2026

NeoGrowth Credit Private Limited: Rating reaffirmed for PTCs issued under a MSME business loan securitisation transaction

NeoGrowth Credit Private Limited: Rating reaffirmed for PTCs issued under a MSME business loan securitisation transaction

16 Mar 2026

NeoGrowth Credit Private Limited: Provisional [ICRA]A(SO) assigned to Series A PTC backed by MSME business loan receivables issued by Neptune Trust March 2026

NeoGrowth Credit Private Limited: Provisional [ICRA]A(SO) assigned to Series A PTC backed by MSME business loan receivables issued by Neptune Trust March 2026


bg-rating-crediet-reports

Entity-Specific Credit Perspective Reports

08 May 2026

NeoGrowth Credit Private Limited

NeoGrowth Credit Private Limited (SF)

02 Apr 2026

NeoGrowth Credit Private Limited

NeoGrowth Credit Private Limited (SF)

31 Mar 2026

NeoGrowth Credit Private Limited

NeoGrowth Credit Private Limited (SF)

16 Mar 2026

NeoGrowth Credit Private Limited

NeoGrowth Credit Private Limited (SF)

06 Mar 2026

NeoGrowth Credit Private Limited

NeoGrowth Credit Private Limited (SF)

10 Dec 2025

NeoGrowth Credit Private Limited

NeoGrowth Credit Private Limited (SF)

26 Sep 2025

NeoGrowth Credit Private Limited

NeoGrowth Credit Private Limited (Non-SF)

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)


Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Series A1 PTC -- -- [ICRA]A(SO) --
Series A PTC -- -- [ICRA]A-(SO) --
Series A1 PTC -- -- [ICRA]A(SO) --
Series A1 PTC -- -- Provisional [ICRA]A(SO) --
Series A1 PTC -- -- [ICRA]A-(SO) --
Series A1 PTC -- -- Withdrawn --
PTC Series A1 -- -- Withdrawn --
Series A1 PTC -- -- Withdrawn --
Series A1 PTC -- -- Provisional [ICRA]A(SO) --
Series A1 PTC -- -- Provisional [ICRA]A+(SO) --

Our Analysts

Analyst 1

Tina Parekh

Analyst 2

Sumit Pramanik

Sector Head

Manushree Saggar
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