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Entity-Specific Rating Rationales

28 Mar 2025

PTC India Financial Services Limited: Ratings reaffirmed; outlook revised to Stable from Negative

PTC India Financial Services Limited: Ratings reaffirmed; outlook revised to Stable from Negative

14 Jun 2024

PTC India Financial Services Limited: Ratings downgraded to [ICRA]A- (Negative)/ [ICRA]A2+

PTC India Financial Services Limited: Ratings downgraded to [ICRA]A- (Negative)/ [ICRA]A2+

21 Dec 2023

PTC India Financial Services Limited: Ratings reaffirmed

PTC India Financial Services Limited: Ratings reaffirmed

30 Jun 2023

PTC India Financial Services Limited: Update on material event

PTC India Financial Services Limited: Update on material event

22 Dec 2022

PTC India Financial Services Limited: Long-term ratings reaffirmed and Negative outlook assigned; short term ratings downgraded; removed from rating watch with negative implications

PTC India Financial Services Limited: Long-term ratings reaffirmed and Negative outlook assigned; short term ratings downgraded; removed from rating watch with negative implications

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Entity-Specific Credit Perspective Reports

08 May 2025

PTC India Financial Services Limited

PTC India Financial Services Limited (Non-SF)

05 Jul 2024

PTC India Financial Services Limited

PTC India Financial Services Limited (Non-SF)

22 Jan 2024

PTC India Financial Services Limited

PTC India Financial Services Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Fund Based - Term Loan -- -- [ICRA]A-(Stable) --
Non-Convertible Debentures -- -- [ICRA]A-(Stable) --
Commercial Paper Withdrawn -- -- --
Long term unallocated bank facilities -- -- Withdrawn --
Short term fund-based [ICRA]A2+ -- -- --

Our Analysts

Analyst 1

Ajay Bathija

Analyst 2

Sandeep Sharma

Sector Head

Karthik Srinivasan
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