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Entity-Specific Rating Rationales

27 Apr 2026

Five-Star Business Finance Limited: Rating reaffirmed for PTCs issued under a small business loan securitisation transaction

Five-Star Business Finance Limited: Rating reaffirmed for PTCs issued under a small business loan securitisation transaction

30 Mar 2026

Five-Star Business Finance Limited: Ratings reaffirmed for PTCs issued under small business loan securitisation transactions

Five-Star Business Finance Limited: Ratings reaffirmed for PTCs issued under small business loan securitisation transactions

26 Dec 2025

Five-Star Business Finance Limited: Rating reaffirmed for PTCs issued under small business loan securitisation transaction

Five-Star Business Finance Limited: Rating reaffirmed for PTCs issued under small business loan securitisation transaction

28 Nov 2025

Five-Star Business Finance Limited: Rating reaffirmed for PTCs issued under small business loan securitisation transaction

Five-Star Business Finance Limited: Rating reaffirmed for PTCs issued under small business loan securitisation transaction

31 Oct 2025

Five-Star Business Finance Limited: Ratings reaffirmed for PTCs issued under small business loan securitisation transactions

Five-Star Business Finance Limited: Ratings reaffirmed for PTCs issued under small business loan securitisation transactions

31 Oct 2025

Five-Star Business Finance Limited: Rating withdrawn for PTCs issued under small business loan securitisation transaction

Five-Star Business Finance Limited: Rating withdrawn for PTCs issued under small business loan securitisation transaction

27 Oct 2025

Five-Star Business Finance Limited: Rating reaffirmed for PTCs issued under small business loan securitisation transaction

Five-Star Business Finance Limited: Rating reaffirmed for PTCs issued under small business loan securitisation transaction

20 Oct 2025

Five-Star Business Finance Limited: Rating withdrawn for PTCs issued under small business loan securitisation transaction

Five-Star Business Finance Limited: Rating withdrawn for PTCs issued under small business loan securitisation transaction

14 Oct 2025

Five-Star Business Finance Limited: Rating withdrawn for PTCs issued under small business loan securitisation transaction

Five-Star Business Finance Limited: Rating withdrawn for PTCs issued under small business loan securitisation transaction

23 Sep 2025

Five-Star Business Finance Limited: Rating reaffirmed for PTCs issued under small business loan securitisation transaction

Five-Star Business Finance Limited: Rating reaffirmed for PTCs issued under small business loan securitisation transaction


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Entity-Specific Credit Perspective Reports

29 Sep 2025

Five-Star Business Finance Limited

Five-Star Business Finance Limited (Non-SF)

24 Oct 2024

Five-Star Business Finance Limited

Five-Star Business Finance Limited (SF)

26 Sep 2024

Five-Star Business Finance Limited

Five-Star Business Finance Limited (Non-SF)

11 Sep 2024

Five-Star Business Finance Limited

Five-Star Business Finance Limited (SF)

28 Aug 2024

Five-Star Business Finance Limited

Five-Star Business Finance Limited (SF)

13 Feb 2024

Five-Star Business Finance Limited

Five-Star Business Finance Limited (Non-SF)

22 Sep 2023

Five-Star Business Finance Limited

Five-Star Business Finance Limited (SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Series A PTC -- -- [ICRA]AAA(SO) --
Series A1 PTC -- -- [ICRA]AAA(SO) --
Series A1 PTC -- -- [ICRA]AAA(SO) --
Series A1 PTC -- -- [ICRA]AAA(SO) --
Series A1 PTC -- -- [ICRA]AAA(SO) --
PTC Series A -- -- [ICRA]AAA(SO) --
PTC Series A1(a) -- -- [ICRA]AA(SO) --
PTC Series A1(b) -- -- Withdrawn --
PTC Series A1 -- -- [ICRA]AA+(SO) --
PTC Series A1 -- -- [ICRA]AAA(SO) --

Our Analysts

Analyst 1

Richardson Xavier J

Analyst 2

Srinivasan Rangaswamy

Sector Head

Karthik Srinivasan
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