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Entity-Specific Rating Rationales

22 Jan 2025

Spandana Sphoorty Financial Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Tapti 12 2024

Spandana Sphoorty Financial Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Tapti 12 2024

13 Jan 2025

Spandana Sphoorty Financial Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Celerity 09 2024

Spandana Sphoorty Financial Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Celerity 09 2024

03 Jan 2025

Spandana Sphoorty Financial Limited: Rating withdrawn for PTCs issued under a microfinance loan securitisation transaction

Spandana Sphoorty Financial Limited: Rating withdrawn for PTCs issued under a microfinance loan securitisation transaction

03 Jan 2025

Spandana Sphoorty Financial Limited: Provisional [ICRA]AA(SO) assigned to PTC Series A1 issued by Tapti 12 2024, backed by a pool of microfinance loans

Spandana Sphoorty Financial Limited: Provisional [ICRA]AA(SO) assigned to PTC Series A1 issued by Tapti 12 2024, backed by a pool of microfinance loans

30 Dec 2024

Spandana Sphoorty Financial Limited: Ratings withdrawn for PTCs issued under a microfinance loan securitisation transaction

Spandana Sphoorty Financial Limited: Ratings withdrawn for PTCs issued under a microfinance loan securitisation transaction

23 Dec 2024

Spandana Sphoorty Financial Limited: Rating reaffirmed for PTCs issued under microfinance loan securitisation transaction

Spandana Sphoorty Financial Limited: Rating reaffirmed for PTCs issued under microfinance loan securitisation transaction

05 Dec 2024

Spandana Sphoorty Financial Limited: Rating reaffirmed; Outlook revised to Negative

Spandana Sphoorty Financial Limited: Rating reaffirmed; Outlook revised to Negative

02 Dec 2024

Spandana Sphoorty Financial Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Celerity 09 2024, backed by a pool of microfinance loans

Spandana Sphoorty Financial Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Celerity 09 2024, backed by a pool of microfinance loans

14 Nov 2024

Spandana Sphoorty Financial Limited: Rating withdrawn for PTCs issued under a microfinance loan securitisation transaction

Spandana Sphoorty Financial Limited: Rating withdrawn for PTCs issued under a microfinance loan securitisation transaction

18 Oct 2024

Spandana Sphoorty Financial Limited: Rated amount enhanced; Ratings reaffirmed

Spandana Sphoorty Financial Limited: Rated amount enhanced; Ratings reaffirmed


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Entity-Specific Credit Perspective Reports

03 Jan 2025

Spandana Sphoorty Financial Limited

Spandana Sphoorty Financial Limited (SF)

03 Dec 2024

Spandana Sphoorty Financial Limited

Spandana Sphoorty Financial Limited (SF)

09 Sep 2024

Spandana Sphoorty Financial Limited

Spandana Sphoorty Financial Limited (SF)

16 Aug 2024

Spandana Sphoorty Financial Limited

Spandana Sphoorty Financial Limited (Non-SF)

15 Feb 2024

Spandana Sphoorty Financial Limited

Spandana Sphoorty Financial Limited (Non-SF)

08 Jun 2023

Spandana Sphoorty Financial Limited

Spandana Sphoorty Financial Limited (SF)

23 May 2023

Spandana Sphoorty Financial Limited

Spandana Sphoorty Financial Limited (SF)

04 May 2023

Spandana Sphoorty Financial Limited

Spandana Sphoorty Financial Limited (SF)

04 Nov 2022

Spandana Sphoorty Financial Limited

Spandana Sphoorty Financial Limited (SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
PTC Series A1 -- -- [ICRA]AA(SO) --
PTC Series A1 -- -- [ICRA]AA+(SO) --
PTC Series A1 -- -- Withdrawn --
PTC Series A1 -- -- Withdrawn --
PTC Series A2 -- -- Withdrawn --
PTC Series A1 -- -- [ICRA]AA-(SO) --
Term Loan -- -- [ICRA]A+(Negative) --
Non-Convertible Debentures -- -- [ICRA]A+(Negative) --
PTC Series A1 -- -- Withdrawn --
PTC Series A1(a) -- -- Withdrawn --

Our Analysts

Analyst 1

Vishal Oza

Analyst 2

Gaurav Mashalkar

Sector Head

Abhishek Dafria
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ICRA Webinar on Key Takeaways from the FY2026 Union Budget
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23 Jan 2025 04:00 PM

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