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Entity-Specific Rating Rationales

29 May 2026

Niwas Housing Finance Limited: Ratings reaffirmed for PTCs backed by HL and LAP receivables securitisation transaction

Niwas Housing Finance Limited: Ratings reaffirmed for PTCs backed by HL and LAP receivables securitisation transaction

26 Feb 2026

Niwas Housing Finance Private Limited: Ratings reaffirmed for PTCs issued backed by a pool of HL and LAP securitisation transaction

Niwas Housing Finance Private Limited: Ratings reaffirmed for PTCs issued backed by a pool of HL and LAP securitisation transaction

05 Feb 2026

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited): Rating confirmed as final for Series A1 PTCs backed by home loan receivables issued by STAR HFC Trust Sep 2025

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited): Rating confirmed as final for Series A1 PTCs backed by home loan receivables issued by STAR HFC Trust Sep 2025

15 Dec 2025

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited): Rating reaffirmed for SNs issued backed by a pool of HL and LAP securitisation transaction

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited): Rating reaffirmed for SNs issued backed by a pool of HL and LAP securitisation transaction

14 Nov 2025

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited): Rating reaffirmed for PTCs issued under mortgage loan securitisation transaction

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited): Rating reaffirmed for PTCs issued under mortgage loan securitisation transaction

06 Oct 2025

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited): Provisional [ICRA]AAA(SO) assigned to Series A1 PTCs backed by a pool of home loan receivables issued by Star HFC Trust Sept 2025

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited): Provisional [ICRA]AAA(SO) assigned to Series A1 PTCs backed by a pool of home loan receivables issued by Star HFC Trust Sept 2025

26 Sep 2025

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited): Rating reaffirmed for PTCs issued backed by a pool of HL and LAP securitisation transaction

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited): Rating reaffirmed for PTCs issued backed by a pool of HL and LAP securitisation transaction

18 Jul 2025

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited): Rating confirmed as final for PTCs issued under a home loan receivables securitisation transaction

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited): Rating confirmed as final for PTCs issued under a home loan receivables securitisation transaction

26 May 2025

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited): Rating reaffirmed for PTCs issued under mortgage loan securitisation transactions

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited): Rating reaffirmed for PTCs issued under mortgage loan securitisation transactions

19 May 2025

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited): Rating confirmed as final for PTCs issued under a home loan receivables securitisation transaction

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited): Rating confirmed as final for PTCs issued under a home loan receivables securitisation transaction


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Entity-Specific Credit Perspective Reports

14 Oct 2025

NIWAS HOUSING FINANCE LIMITED

NIWAS HOUSING FINANCE LIMITED (SF)

02 Apr 2025

NIWAS HOUSING FINANCE LIMITED

NIWAS HOUSING FINANCE LIMITED (SF)

14 Feb 2025

NIWAS HOUSING FINANCE LIMITED

NIWAS HOUSING FINANCE LIMITED (SF)

14 Oct 2024

NIWAS HOUSING FINANCE LIMITED

NIWAS HOUSING FINANCE LIMITED (SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Series A1 PTCs -- -- [ICRA]AAA(SO) --
Series A PTCs -- -- [ICRA]AAA(SO) --
Series A1 PTCs -- -- [ICRA]AAA(SO) --
Series A1 PTC -- -- [ICRA]AAA(SO) --
Series A1 PTCs -- -- [ICRA]AAA(SO) --
Series A1 PTCs -- -- [ICRA]AAA(SO) --
SN Series A -- -- [ICRA]AAA(SO) --
PTC Series A -- -- [ICRA]AAA(SO) --
Series A1 PTCs -- -- [ICRA]AAA(SO) --
Commercial Paper Withdrawn -- -- --

Our Analysts

Analyst 1

Ritu Rita

Analyst 2

Himanshi Doshi

Sector Head

Manushree Sagar
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