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Entity-Specific Rating Rationales

26 Nov 2024

Ugro Capital Limited: Rating withdrawn for PTCs backed by a pool of MSME loan receivables

Ugro Capital Limited: Rating withdrawn for PTCs backed by a pool of MSME loan receivables

19 Sep 2024

Ugro Capital Limited: Rating withdrawn for PTCs backed by a pool of MSME loan receivables

Ugro Capital Limited: Rating withdrawn for PTCs backed by a pool of MSME loan receivables

31 Jul 2024

Ugro Capital Limited: Rating withdrawn for PTCs backed by a pool of MSME loan receivables

Ugro Capital Limited: Rating withdrawn for PTCs backed by a pool of MSME loan receivables

27 Mar 2024

Ugro Capital Limited: Ratings reaffirmed for PTCs backed by unsecured MSME loan receivables issued by Bear 08 2022

Ugro Capital Limited: Ratings reaffirmed for PTCs backed by unsecured MSME loan receivables issued by Bear 08 2022

30 Jan 2024

Ugro Capital Limited: Ratings upgraded for two PTCs issued under MSME loan receivables securitisation transactions

Ugro Capital Limited: Ratings upgraded for two PTCs issued under MSME loan receivables securitisation transactions

22 Dec 2023

Ugro Capital Limited: Rating upgraded for PTCs issued under MSME loan receivables securitisation transaction

Ugro Capital Limited: Rating upgraded for PTCs issued under MSME loan receivables securitisation transaction

25 Apr 2023

Ugro Capital Limited: Rating withdrawn for PTCs under securitisation transaction issued by Zoey 01 2023, backed by MSME loan receivables

Ugro Capital Limited: Rating withdrawn for PTCs under securitisation transaction issued by Zoey 01 2023, backed by MSME loan receivables

09 Mar 2023

Ugro Capital Limited: Rating confirmed as final for PTCs backed by unsecured business loan receivables (originated under co-lending partnerships) issued by Bear 08 2022

Ugro Capital Limited: Rating confirmed as final for PTCs backed by unsecured business loan receivables (originated under co-lending partnerships) issued by Bear 08 2022

02 Mar 2023

Ugro Capital Limited: Provisional [ICRA]AA-(SO) assigned to Series A1 PTC backed by MSME loan receivables issued by Zoey 01 2023

Ugro Capital Limited: Provisional [ICRA]AA-(SO) assigned to Series A1 PTC backed by MSME loan receivables issued by Zoey 01 2023

24 Jan 2023

Ugro Capital Limited: Rating confirmed as final for PTCs backed by unsecured business loan receivables issued by Lotus Sept 2022

Ugro Capital Limited: Rating confirmed as final for PTCs backed by unsecured business loan receivables issued by Lotus Sept 2022


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Entity-Specific Credit Perspective Reports

21 Oct 2024

Ugro Capital Limited

Ugro Capital Limited (SF)

15 Mar 2023

Ugro Capital Limited

Ugro Capital Limited (SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
PTC Series A1 -- -- Withdrawn --
PTC Series A1 -- -- Withdrawn --
PTC Series A2 -- -- Withdrawn --
PTC Series A1 -- -- Withdrawn --
PTC Series A1 -- -- [ICRA]AA+(SO) --
Series A1 PTC -- -- Withdrawn --

Our Analysts

Analyst 1

Samratsingh Hazari

Analyst 2

Sumit Pramanik

Sector Head

Abhishek Dafria
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