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Entity-Specific Rating Rationales

09 Dec 2025

Master Capital Services Ltd: Rating reaffirmed and assigned for Non-convertible debentures

Master Capital Services Ltd: Rating reaffirmed and assigned for Non-convertible debentures

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28 Aug 2025

Master Capital Services Ltd: Rating reaffirmed

Master Capital Services Ltd: Rating reaffirmed

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25 Sep 2024

Master Capital Services Ltd: Rating reaffirmed

Master Capital Services Ltd: Rating reaffirmed

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25 Jul 2023

Master Capital Services Ltd: Rating reaffirmed

Master Capital Services Ltd: Rating reaffirmed

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Entity-Specific Credit Perspective Reports

07 Oct 2025

Master Capital Services Ltd

Master Capital Services Ltd (Non-SF)

14 Oct 2024

Master Capital Services Ltd

Master Capital Services Ltd (Non-SF)

22 Aug 2023

Master Capital Services Ltd

Master Capital Services Ltd (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Non-Convertible Debentures -- -- [ICRA]A-(Stable) --
Short-term Non-Fund Based Bank Lines [ICRA]A2+ -- -- --

Our Analysts

Analyst 1

Niharika Tomar

Analyst 2

Deep Inder Singh

Sector Head

Karthik Srinivasan
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