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Entity-Specific Rating Rationales

18 Aug 2025

APAC Financial Services Private Limited: Rating reaffirmed; rated amount enhanced

APAC Financial Services Private Limited: Rating reaffirmed; rated amount enhanced

28 Jun 2024

APAC Financial Services Private Limited: Rating upgraded to [ICRA]A (Stable) from [ICRA]A- (Stable); Rated amount enhanced

APAC Financial Services Private Limited: Rating upgraded to [ICRA]A (Stable) from [ICRA]A- (Stable); Rated amount enhanced

08 Sep 2023

APAC Financial Services Private Limited: Rating reaffirmed; Rated amount enhanced

APAC Financial Services Private Limited: Rating reaffirmed; Rated amount enhanced

06 Jan 2023

APAC Financial Services Private Limited: Rating reaffirmed; Rated amount enhanced

APAC Financial Services Private Limited: Rating reaffirmed; Rated amount enhanced

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Entity-Specific Credit Perspective Reports

18 Sep 2025

APAC Financial Services Private Limited

APAC Financial Services Private Limited (Non-SF)

16 Jul 2024

APAC Financial Services Private Limited

APAC Financial Services Private Limited (Non-SF)

09 Oct 2023

APAC Financial Services Private Limited

APAC Financial Services Private Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Long term – Fund based bank lines -- -- [ICRA]A(Stable) --

Our Analysts

Analyst 1

Komal M Mody

Analyst 2

Deep Inder Singh

Sector Head

Karthik Srinivasan
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Rating Rationales

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Credit Quality Trends and Performance of ICRA-Assigned Ratings in H1 FY2026

Mr. K Ravichandran,Mr. Pratik Singhania

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The Indian Pharmaceutical Industry- Industry at a Crossroads: Navigating Global Challenges and Local Opportunities

Ms. Kinjal Shah,Mr. Deepak Jotwani

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