ICRA An Affiliate of Moody's

Entity-Specific Rating Rationales

18 Sep 2025

SK Finance Limited: [ICRA]AA- (Stable) assigned; rating reaffirmed

08 Apr 2025

SK Finance Limited: [ICRA]AA- (Stable) assigned; rating reaffirmed

08 Jan 2025

SK Finance Limited: [ICRA]AA- (Stable) assigned; earlier rating reaffirmed

23 Dec 2024

SK Finance Limited: [ICRA]AA- (Stable) assigned; earlier rating reaffirmed

08 Aug 2024

SK Finance Limited (erstwhile Ess Kay Fincorp Limited): [ICRA]AA- (Stable) assigned; rating reaffirmed

12 Apr 2024

SK Finance Limited (erstwhile Ess Kay Fincorp Limited): [ICRA]AA- (Stable) assigned

18 Mar 2024

SK Finance Limited (erstwhile Ess Kay Fincorp Limited): Ratings reaffirmed and rating withdrawn for matured instrument; [ICRA]AA- (Stable) assigned

20 Dec 2023

SK Finance Limited (erstwhile Ess Kay Fincorp Limited) : Ratings withdrawn for assignee payouts issued under tractor loan securitisation transaction

21 Sep 2023

SK Finance Limited (erstwhile Ess Kay Fincorp Limited): Ratings upgraded; outlook revised to Stable from Positive

27 Apr 2023

SK Finance Limited (erstwhile Ess Kay Fincorp Limited): Rating withdrawn for MLDs and NCD

14 Oct 2025

SK Finance Limited

SK Finance Limited (Non-SF)

24 Jan 2025

SK Finance Limited

SK Finance Limited (Non-SF)

23 Oct 2023

SK Finance Limited

SK Finance Limited (Non-SF)

17 Apr 2023

SK Finance Limited

SK Finance Limited (Non-SF)

Ratings

Description	Short Term	Medium Term	Long Term	Issuer
Non-Convertible Debentures	--	--	[ICRA]AA-(Stable)	--
Market Linked Debentures	--	--	Withdrawn	--
Assignee Payouts	--	--	Withdrawn	--
Principal Protected Market Linked Debenture	--	--	Withdrawn	--
Term Loan	--	--	Withdrawn	--
Non-Convertible Debentures	--	--	Withdrawn	--
PTC Series A1	--	--	*	--
PTC Series A2	--	--	*	--
PTC Series A3	--	--	*	--
Northern Arc 2019 Fury PTC Series A1	--	--	*	--

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