ICRA An Affiliate of Moody's

Entity-Specific Rating Rationales

26 Nov 2025

Vistaar Financial Services Pvt Ltd: Rating upgraded for SNs issued under small business loans securitisation transaction

20 Aug 2025

Vistaar Financial Services Pvt Ltd: Ratings reaffirmed

30 Dec 2024

Vistaar Financial Services Pvt Ltd: Ratings reaffirmed; rated amount enhanced

28 Nov 2024

Vistaar Financial Services Pvt Ltd: Rating withdrawn for assignee payouts issued under small business mortgage loan receivables transaction

25 Nov 2024

Vistaar Financial Services Pvt Ltd: Rating reaffirmed for SNs issued under small business loans securitisation transaction

20 Aug 2024

Vistaar Financial Services Pvt Ltd: Ratings withdrawn for PTCs issued under small business loan receivables transaction

20 Mar 2024

Vistaar Financial Services Pvt Ltd: Ratings reaffirmed; rated amount enhanced

07 Feb 2024

Vistaar Financial Services Pvt Ltd: Ratings upgraded to [ICRA]A+ (Stable)/[ICRA]A1+ and outlook revised to Stable; rated amount enhanced

27 Nov 2023

Vistaar Financial Services Pvt Ltd: Rating upgraded for assignee payouts issued under small business mortgage loan receivables transaction

27 Nov 2023

Vistaar Financial Services Pvt Ltd: Rating reaffirmed for SNs issued under small business mortgage loan receivables transaction

25 Sep 2025

Vistaar Financial Services Pvt Ltd

Vistaar Financial Services Pvt Ltd (Non-SF)

27 Jan 2025

Vistaar Financial Services Pvt Ltd

Vistaar Financial Services Pvt Ltd (Non-SF)

29 Aug 2023

Vistaar Financial Services Pvt Ltd

Vistaar Financial Services Pvt Ltd (Non-SF)

Ratings

Description	Short Term	Medium Term	Long Term	Issuer
SN Series A1	--	--	[ICRA]AAA(SO)	--
Term Loan	--	--	[ICRA]A+(Stable)	--
Assignee Payouts	--	--	Withdrawn	--
PTC Series A1	--	--	Withdrawn	--
PTC Series A2	--	--	Withdrawn	--
Non-Convertible Debenture	--	--	[ICRA]A+(Stable)	--
Fund-based-Overdraft	[ICRA]A1+	--	--	--
Assignee Payouts	--	--	Withdrawn	--
PTC Series A1	--	--	Withdrawn	--
Assignee Payouts	--	--	Withdrawn	--

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