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Entity-Specific Rating Rationales

24 Jul 2025

Shriram Finance Limited: Rating reaffirmed for PTCs issued under vehicle loan securitisation transaction

Shriram Finance Limited: Rating reaffirmed for PTCs issued under vehicle loan securitisation transaction

24 Jul 2025

Shriram Finance Limited: Rating reaffirmed for assignee payouts issued under a vehicle loan securitisation transaction

Shriram Finance Limited: Rating reaffirmed for assignee payouts issued under a vehicle loan securitisation transaction

18 Jul 2025

Shriram Finance Limited: Ratings confirmed as final for PTCs backed by vehicle, equipment and tractor loan receivables issued by Sansar June 2025 II Trust

Shriram Finance Limited: Ratings confirmed as final for PTCs backed by vehicle, equipment and tractor loan receivables issued by Sansar June 2025 II Trust

30 Jun 2025

Shriram Finance Limited: Provisional ratings assigned to PTCs backed by vehicle, equipment and tractor loan receivables issued by Sansar June 2025 IV Trust

Shriram Finance Limited: Provisional ratings assigned to PTCs backed by vehicle, equipment and tractor loan receivables issued by Sansar June 2025 IV Trust

23 Jun 2025

Shriram Finance Limited: Provisional ratings assigned to PTCs backed by vehicle loan receivables issued by Sansar June 2025 II Trust

Shriram Finance Limited: Provisional ratings assigned to PTCs backed by vehicle loan receivables issued by Sansar June 2025 II Trust

17 Jun 2025

Shriram Finance Limited: Rating withdrawn for PTCs issued under vehicle loan securitisation transaction

Shriram Finance Limited: Rating withdrawn for PTCs issued under vehicle loan securitisation transaction

13 Jun 2025

Shriram Finance Limited: Ratings reaffirmed for PTCs issued under two vehicle loan securitisation transactions

Shriram Finance Limited: Ratings reaffirmed for PTCs issued under two vehicle loan securitisation transactions

23 May 2025

Shriram Finance Limited: Ratings reaffirmed for PTCs issued under three vehicle loan securitisation transactions

Shriram Finance Limited: Ratings reaffirmed for PTCs issued under three vehicle loan securitisation transactions

15 May 2025

Shriram Finance Limited: Ratings confirmed as final for PTCs backed by vehicle, equipment and tractor loan receivables issued by Sansar Feb 2025 Trust

Shriram Finance Limited: Ratings confirmed as final for PTCs backed by vehicle, equipment and tractor loan receivables issued by Sansar Feb 2025 Trust

06 May 2025

Shriram Finance Limited: Ratings confirmed as final for PTCs backed by vehicle, tractor and construction equipment loan receivables issued by Sansar March 2025 Trust

Shriram Finance Limited: Ratings confirmed as final for PTCs backed by vehicle, tractor and construction equipment loan receivables issued by Sansar March 2025 Trust


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Entity-Specific Credit Perspective Reports

08 Jul 2025

Shriram Finance Limited

Shriram Finance Limited (SF)

25 Jun 2025

Shriram Finance Limited

Shriram Finance Limited (SF)

24 Mar 2025

Shriram Finance Limited

Shriram Finance Limited (SF)

04 Mar 2025

Shriram Finance Limited

Shriram Finance Limited (SF)

10 Feb 2025

Shriram Finance Limited

Shriram Finance Limited (Non-SF)

02 Jan 2025

Shriram Finance Limited

Shriram Finance Limited (SF)

09 Dec 2024

Shriram Finance Limited

Shriram Finance Limited (SF)

29 Nov 2024

Shriram Finance Limited

Shriram Finance Limited (SF)

25 Sep 2024

Shriram Finance Limited

Shriram Finance Limited (SF)

03 Jul 2024

Shriram Finance Limited

Shriram Finance Limited (SF)


Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Assignee Payouts -- -- [ICRA]AA+(SO) --
PTC Series A -- -- [ICRA]AAA(SO) --
PTC Series A1 -- -- [ICRA]AAA(SO) --
PTC Series A2 -- -- [ICRA]AAA(SO) --
Second Loss Facility -- -- [ICRA]A-(SO) --
PTC Series A1 -- -- Provisional [ICRA]AA+ (SO) --
PTC Series A2 -- -- Provisional [ICRA]A- (SO) --
PTC Series A -- -- Withdrawn --
Second Loss Facility -- -- Withdrawn --
Series A1 PTCs -- -- Withdrawn --

Our Analysts

Analyst 1

Swapnali Chavan

Analyst 2

Anubhav Agrawal

Sector Head

Manushree Sagar
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