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Entity-Specific Rating Rationales

31 Mar 2025

Svasti Microfinance Private Limited: Provisional [ICRA]BBB+(SO) assigned to PTCs backed by microfinance loan receivables issued by Dhruv 03 2025

Svasti Microfinance Private Limited: Provisional [ICRA]BBB+(SO) assigned to PTCs backed by microfinance loan receivables issued by Dhruv 03 2025

28 Mar 2025

Svasti Microfinance Private Limited: Provisional [ICRA]A-(SO) assigned to PTCs backed by microfinance loan receivables issued by Euler March 2025

Svasti Microfinance Private Limited: Provisional [ICRA]A-(SO) assigned to PTCs backed by microfinance loan receivables issued by Euler March 2025

05 Mar 2025

Svasti Microfinance Private Limited: Provisional [ICRA]A-(SO) assigned to PTCs backed by microfinance loan receivables issued by Starfish 02 25

Svasti Microfinance Private Limited: Provisional [ICRA]A-(SO) assigned to PTCs backed by microfinance loan receivables issued by Starfish 02 25

12 Sep 2024

Svasti Microfinance Private Limited: Rating withdrawn

Svasti Microfinance Private Limited: Rating withdrawn

21 Dec 2023

Svasti Microfinance Private Limited: Long-term rating upgraded to [ICRA]BBB (Stable)

Svasti Microfinance Private Limited: Long-term rating upgraded to [ICRA]BBB (Stable)

27 Dec 2022

Svasti Microfinance Private Limited: Rating reaffirmed

Svasti Microfinance Private Limited: Rating reaffirmed

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Entity-Specific Credit Perspective Reports

04 Apr 2025

Svasti Microfinance Private Limited

Svasti Microfinance Private Limited (SF)

02 Apr 2025

Svasti Microfinance Private Limited

Svasti Microfinance Private Limited (SF)

10 Mar 2025

Svasti Microfinance Private Limited

Svasti Microfinance Private Limited (SF)

19 Jan 2024

Svasti Microfinance Private Limited

Svasti Microfinance Private Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Series A1 PTC -- -- Provisional [ICRA]BBB+(SO) --
Series A1 PTC -- -- Provisional [ICRA]A- (SO) --
Series A1 PTCs -- -- Provisional [ICRA]A- (SO) --
Non-Convertible Debentures -- -- Withdrawn --
PTC Series A2 -- -- * --
PTC Series A1 -- -- * --
PTC Series A1 -- -- * --
PTC Series A2 -- -- * --

Our Analysts

Analyst 1

Shruti Jain

Analyst 2

Sumit Pramanik

Sector Head

Abhishek Dafria
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