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Entity-Specific Rating Rationales

31 Dec 2024

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Provisional [ICRA]A-(SO) assigned to PTC Series A1 issued by Sunrise 2024, backed by a pool of unsecured individual business loans

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Provisional [ICRA]A-(SO) assigned to PTC Series A1 issued by Sunrise 2024, backed by a pool of unsecured individual business loans

05 Dec 2024

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Rating reaffirmed; Outlook revised to Negative

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Rating reaffirmed; Outlook revised to Negative

18 Oct 2024

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): MLDs withdrawn

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): MLDs withdrawn

15 Jul 2024

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Ratings upgraded and rated amount enhanced; outlook revised to Stable

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Ratings upgraded and rated amount enhanced; outlook revised to Stable

15 Jan 2024

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Ratings upgraded; outlook revised to Positive

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Ratings upgraded; outlook revised to Positive

21 Aug 2023

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Ratings upgraded with change in outlook to [ICRA]BBB+ (Stable) and PP-MLD[ICRA]BBB+ (Stable)

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Ratings upgraded with change in outlook to [ICRA]BBB+ (Stable) and PP-MLD[ICRA]BBB+ (Stable)

01 Mar 2023

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Ratings reaffirmed; Outlook revised to Positive

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Ratings reaffirmed; Outlook revised to Positive

04 Oct 2022

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Ratings reaffirmed; Removed from Watch with Developing Implications

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Ratings reaffirmed; Removed from Watch with Developing Implications

17 Jun 2022

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Ratings continues to remain on rating under watch with developing implications

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Ratings continues to remain on rating under watch with developing implications

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Entity-Specific Credit Perspective Reports

02 Jan 2025

Criss Financial Limited (erstwhile Criss Financial Holdings Limited)

Criss Financial Limited (erstwhile Criss Financial Holdings Limited) (SF)

13 Aug 2024

Criss Financial Limited (erstwhile Criss Financial Holdings Limited)

Criss Financial Limited (erstwhile Criss Financial Holdings Limited) (Non-SF)

15 Feb 2024

Criss Financial Limited (erstwhile Criss Financial Holdings Limited)

Criss Financial Limited (erstwhile Criss Financial Holdings Limited) (Non-SF)

15 Sep 2022

Criss Financial Limited (erstwhile Criss Financial Holdings Limited)

Criss Financial Limited (erstwhile Criss Financial Holdings Limited) (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
PTC Series A1 -- -- Provisional [ICRA]A- (SO) --
Term Loan -- -- [ICRA]A(Negative) --
Market Linked Debenture -- -- Withdrawn --

Our Analysts

Analyst 1

Vishal Oza

Analyst 2

Gaurav Mashalkar

Sector Head

Abhishek Dafria
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