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Entity-Specific Rating Rationales

12 Nov 2025

Vedika Credit Capital Ltd: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Fury 2025

Vedika Credit Capital Ltd: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Fury 2025

30 Oct 2025

Vedika Credit Capital Ltd: Rating withdrawn for PTCs issued under a microfinance loan securitisation transaction

Vedika Credit Capital Ltd: Rating withdrawn for PTCs issued under a microfinance loan securitisation transaction

22 Sep 2025

Vedika Credit Capital Ltd: Rating upgraded for PTCs issued under microfinance loan securitisation transaction

Vedika Credit Capital Ltd: Rating upgraded for PTCs issued under microfinance loan securitisation transaction

01 Sep 2025

Vedika Credit Capital Ltd: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Robin 2025

Vedika Credit Capital Ltd: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Robin 2025

20 Aug 2025

Vedika Credit Capital Ltd: Rating upgraded for PTCs issued under microfinance loan securitisation transaction

Vedika Credit Capital Ltd: Rating upgraded for PTCs issued under microfinance loan securitisation transaction

25 Jul 2025

Vedika Credit Capital Ltd: Rating upgraded for PTCs issued under microfinance loan securitisation transaction

Vedika Credit Capital Ltd: Rating upgraded for PTCs issued under microfinance loan securitisation transaction

10 Jul 2025

Vedika Credit Capital Ltd: Rating withdrawn for SNs issued under a microfinance loan securitisation transaction

Vedika Credit Capital Ltd: Rating withdrawn for SNs issued under a microfinance loan securitisation transaction

30 Jun 2025

Vedika Credit Capital Ltd: Provisional [ICRA]A-(SO) assigned to PTC Series A1 backed by a pool of microfinance and individual loan receivables issued by Fury 2025

Vedika Credit Capital Ltd: Provisional [ICRA]A-(SO) assigned to PTC Series A1 backed by a pool of microfinance and individual loan receivables issued by Fury 2025

04 Jun 2025

Vedika Credit Capital Ltd: Provisional [ICRA]A-(SO) assigned to PTC Series A1 backed by a pool of microfinance loan receivables issued by Robin 2025

Vedika Credit Capital Ltd: Provisional [ICRA]A-(SO) assigned to PTC Series A1 backed by a pool of microfinance loan receivables issued by Robin 2025

16 May 2025

Vedika Credit Capital Ltd: Rating actions on PTCs issued under three micro finance loan securitisation transactions

Vedika Credit Capital Ltd: Rating actions on PTCs issued under three micro finance loan securitisation transactions


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Entity-Specific Credit Perspective Reports

01 Jul 2025

Vedika Credit Capital Ltd

Vedika Credit Capital Ltd (SF)

10 Jun 2025

Vedika Credit Capital Ltd

Vedika Credit Capital Ltd (SF)

24 Jan 2025

Vedika Credit Capital Ltd

Vedika Credit Capital Ltd (SF)

19 Sep 2024

Vedika Credit Capital Ltd

Vedika Credit Capital Ltd (SF)

03 Jun 2024

Vedika Credit Capital Ltd

Vedika Credit Capital Ltd (SF)

28 Mar 2024

Vedika Credit Capital Ltd

Vedika Credit Capital Ltd (SF)

24 Mar 2023

Vedika Credit Capital Ltd

Vedika Credit Capital Ltd (SF)

Ratings

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

Our Analysts

Analyst 1

Sheetal Nayak

Analyst 2

Sumit Pramanik

Sector Head

Manushree Sagar
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