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Entity-Specific Rating Rationales

17 Oct 2025

Nissan Renault Financial Services India Private Limited: Rating reaffirmed for PTCs issued under new car loan securitisation transaction

Nissan Renault Financial Services India Private Limited: Rating reaffirmed for PTCs issued under new car loan securitisation transaction

13 Aug 2025

Nissan Renault Financial Services India Private Limited: Rating reaffirmed for PTCs issued under new car loan securitisation transaction

Nissan Renault Financial Services India Private Limited: Rating reaffirmed for PTCs issued under new car loan securitisation transaction

19 Jun 2025

Nissan Renault Financial Services India Private Limited: Ratings downgraded to [ICRA]A (Negative)/[ICRA]A1; outlook revised to Negative

Nissan Renault Financial Services India Private Limited: Ratings downgraded to [ICRA]A (Negative)/[ICRA]A1; outlook revised to Negative

04 Mar 2025

Nissan Renault Financial Services India Private Limited: Long-term rating downgraded to [ICRA]A+ (Stable), Short-term rating reaffirmed [ICRA]A1+

Nissan Renault Financial Services India Private Limited: Long-term rating downgraded to [ICRA]A+ (Stable), Short-term rating reaffirmed [ICRA]A1+

14 Oct 2024

Nissan Renault Financial Services India Private Limited: Rating reaffirmed for PTCs issued under new car loan securitisation transaction

Nissan Renault Financial Services India Private Limited: Rating reaffirmed for PTCs issued under new car loan securitisation transaction

06 Sep 2024

Nissan Renault Financial Services India Private Limited: Ratings reaffirmed and assigned for enhanced bank facilities

Nissan Renault Financial Services India Private Limited: Ratings reaffirmed and assigned for enhanced bank facilities

31 May 2024

Nissan Renault Financial Services India Private Limited: Rating reaffirmed for PTCs issued under new car loan securitisation transaction

Nissan Renault Financial Services India Private Limited: Rating reaffirmed for PTCs issued under new car loan securitisation transaction

24 Nov 2023

Nissan Renault Financial Services India Private Limited: [ICRA]AA- (Stable) assigned to bank facilities; Ratings reaffirmed and Commercial paper limit reduced

Nissan Renault Financial Services India Private Limited: [ICRA]AA- (Stable) assigned to bank facilities; Ratings reaffirmed and Commercial paper limit reduced

15 Sep 2023

Nissan Renault Financial Services India Private Limited: Ratings reaffirmed

Nissan Renault Financial Services India Private Limited: Ratings reaffirmed

18 May 2023

Nissan Renault Financial Services India Private Limited: Rating confirmed as final for PTC Series A backed by new car loan receivables issued by Magnite Trust 1

Nissan Renault Financial Services India Private Limited: Rating confirmed as final for PTC Series A backed by new car loan receivables issued by Magnite Trust 1


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Entity-Specific Credit Perspective Reports

30 Sep 2024

Nissan Renault Financial Services India Private Limited

Nissan Renault Financial Services India Private Limited (Non-SF)

06 Oct 2023

Nissan Renault Financial Services India Private Limited

Nissan Renault Financial Services India Private Limited (Non-SF)

04 Apr 2023

Nissan Renault Financial Services India Private Limited

Nissan Renault Financial Services India Private Limited (SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
PTC Series A -- -- [ICRA]AAA(SO) --
Term Loan -- -- [ICRA]A(Negative) --
Commercial Paper [ICRA]A1 -- -- --
Non-Convertible Debentures -- -- [ICRA]A(Negative) --

Our Analysts

Analyst 1

Shaik Abdul Saleem

Analyst 2

Srinivasan Rangaswamy

Sector Head

Karthik Srinivasan
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