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Entity-Specific Rating Rationales

07 Aug 2025

Progfin Private Limited: Provisional [ICRA]A1+(SO) assigned to Series A1 PTC to be issued by Piastri 07 2025

Progfin Private Limited: Provisional [ICRA]A1+(SO) assigned to Series A1 PTC to be issued by Piastri 07 2025

06 Aug 2025

Progfin Private Limited: [ICRA]A2 assigned to commercial paper; earlier ratings reaffirmed

Progfin Private Limited: [ICRA]A2 assigned to commercial paper; earlier ratings reaffirmed

09 Jul 2025

Progfin Private Limited: Ratings reaffirmed; rated amount enhanced

Progfin Private Limited: Ratings reaffirmed; rated amount enhanced

10 Jun 2025

Progfin Private Limited: Long term rating of [ICRA]BBB+ (Stable) assigned and short term rating of [ICRA]A2 reaffirmed

Progfin Private Limited: Long term rating of [ICRA]BBB+ (Stable) assigned and short term rating of [ICRA]A2 reaffirmed

15 May 2025

Progfin Private Limited: [ICRA]A2 assigned

Progfin Private Limited: [ICRA]A2 assigned

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Entity-Specific Credit Perspective Reports

12 Aug 2025

Progfin Private Limited

Progfin Private Limited (SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Series A1 PTC Provisional [ICRA]A1+(SO) -- -- --
Commercial Paper [ICRA]A2 -- -- --
Long-term/Short- term fund-based bank facilities [ICRA]A2 -- [ICRA]BBB+(Stable) --

Our Analysts

Analyst 1

Abhishek Jena

Analyst 2

Gaurav Mashalkar

Sector Head

Manushree Sagar
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30 Jul 2025 04:00 PM

Affordable Housing Finance- Trends and Outlook

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22 Jul 2025 04:00 PM

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