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Entity-Specific Rating Rationales

03 Mar 2025

Satin Finserv Limited: Provisional [ICRA]A(SO) assigned to Series A1 PTC and Provisional [ICRA]BBB+(SO) assigned to Series A2 PTC, backed by secured business loan receivables issued by Yoda 2025

Satin Finserv Limited: Provisional [ICRA]A(SO) assigned to Series A1 PTC and Provisional [ICRA]BBB+(SO) assigned to Series A2 PTC, backed by secured business loan receivables issued by Yoda 2025

27 Feb 2025

Satin Finserv Limited: Ratings reaffirmed for PTCs issued under secured business loans securitisation transactions

Satin Finserv Limited: Ratings reaffirmed for PTCs issued under secured business loans securitisation transactions

31 Dec 2024

Satin Finserv Limited: Provisional [ICRA]AA-(SO) assigned to Series A1(a) PTCs and Provisional [ICRA]A+(SO) assigned to Series A1(b) PTCs, backed by secured business loan receivables issued by Butterfly 12 2024

Satin Finserv Limited: Provisional [ICRA]AA-(SO) assigned to Series A1(a) PTCs and Provisional [ICRA]A+(SO) assigned to Series A1(b) PTCs, backed by secured business loan receivables issued by Butterfly 12 2024

31 Dec 2024

Satin Finserv Limited: Provisional [ICRA]A(SO) assigned to Series A1 PTC backed by secured business loan receivables issued by Bluestreak 12 2024

Satin Finserv Limited: Provisional [ICRA]A(SO) assigned to Series A1 PTC backed by secured business loan receivables issued by Bluestreak 12 2024

24 Dec 2024

Satin Finserv Limited: Rating reaffirmed

Satin Finserv Limited: Rating reaffirmed

28 Aug 2024

Satin Finserv Limited: [ICRA]A- (Stable) assigned to Rs. 60-crore NCD programme

Satin Finserv Limited: [ICRA]A- (Stable) assigned to Rs. 60-crore NCD programme

15 Apr 2024

Satin Finserv Limited: Rating confirmed as final for PTCs backed by secured business loan receivables issued by Leonard 03 2024

Satin Finserv Limited: Rating confirmed as final for PTCs backed by secured business loan receivables issued by Leonard 03 2024

31 Mar 2024

Satin Finserv Limited: Provisional [ICRA]A(SO) assigned to Series A1 PTC backed by secured business loan receivables issued by Leonard 03 2024

Satin Finserv Limited: Provisional [ICRA]A(SO) assigned to Series A1 PTC backed by secured business loan receivables issued by Leonard 03 2024

18 Mar 2024

Satin Finserv Limited: Rating confirmed as final for PTCs backed by secured business loan receivables issued by Ensata 12 2023

Satin Finserv Limited: Rating confirmed as final for PTCs backed by secured business loan receivables issued by Ensata 12 2023

08 Jan 2024

Satin Finserv Limited: [ICRA]A- (Stable) assigned to Rs. 60-crore NCD programme

Satin Finserv Limited: [ICRA]A- (Stable) assigned to Rs. 60-crore NCD programme


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Entity-Specific Credit Perspective Reports

03 Mar 2025

Satin Finserv Limited

Satin Finserv Limited (SF)

17 Jan 2025

Satin Finserv Limited

Satin Finserv Limited (Non-SF)

31 Dec 2024

Satin Finserv Limited

Satin Finserv Limited (SF)

31 Dec 2024

Satin Finserv Limited

Satin Finserv Limited (SF)

01 Apr 2024

Satin Finserv Limited

Satin Finserv Limited (SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Series A1 PTC -- -- Provisional [ICRA]A(SO) --
Series A2 PTC -- -- Provisional [ICRA]BBB+(SO) --
Series A1 PTC -- -- [ICRA]A+(SO) --
Series A1 PTC -- -- [ICRA]A(SO) --
Series A1 PTC -- -- Provisional [ICRA]A (SO) --
Series A1(a) PTCs -- -- Provisional [ICRA]AA- (SO) --
Series A1(b) PTCs -- -- Provisional [ICRA]A+ (SO) --
Non Convertible Debenture -- -- [ICRA]A-(Stable) --
Equity tranche -- -- [ICRA]BBB+(SO) --
Long-term bank facilities (others) -- -- [ICRA]A-(Stable) --

Our Analysts

Analyst 1

Sheetal Nayak

Analyst 2

Sumit Pramanik

Sector Head

Abhishek Dafria
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