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Entity-Specific Rating Rationales

22 Sep 2025

SBFC Finance Limited: Rating reaffirmed

SBFC Finance Limited: Rating reaffirmed

24 Sep 2024

SBFC Finance Limited: Rating upgraded to [ICRA]AA- (Stable); ratings for NCDs withdrawn

SBFC Finance Limited: Rating upgraded to [ICRA]AA- (Stable); ratings for NCDs withdrawn

29 Sep 2023

SBFC Finance Limited: Rating reaffirmed

SBFC Finance Limited: Rating reaffirmed

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Entity-Specific Credit Perspective Reports

23 Oct 2025

SBFC Finance Limited

SBFC Finance Limited (Non-SF)

30 Oct 2024

SBFC Finance Limited

SBFC Finance Limited (Non-SF)

08 Nov 2023

SBFC Finance Limited

SBFC Finance Limited (Non-SF)

14 Dec 2022

SBFC Finance Limited

SBFC Finance Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Long-term fund-based Term Loan -- -- [ICRA]AA-(Stable) --
Non-Convertible Debentures -- -- Withdrawn --
PTC Series A -- -- * --
PTC Series A -- -- * --

Our Analysts

Analyst 1

Atharva Pednekar

Analyst 2

Sandeep Sharma

Sector Head

Karthik Srinivasan
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