bg-rating-rationales

Entity-Specific Rating Rationales

05 Aug 2026

Progfin Private Limited: Rating confirmed as final for Series A1 PTC backed by invoice financing receivables to be issued by Lotus 03 2026

Progfin Private Limited: Rating confirmed as final for Series A1 PTC backed by invoice financing receivables to be issued by Lotus 03 2026

31 Jul 2026

Progfin Private Limited: Rating confirmed as final for SNs backed by invoice financing receivables to be issued by Jupiter 03 2026

Progfin Private Limited: Rating confirmed as final for SNs backed by invoice financing receivables to be issued by Jupiter 03 2026

29 Jun 2026

Progfin Private Limited: Ratings withdrawn for PTCs backed by a pool of invoice financing receivables

Progfin Private Limited: Ratings withdrawn for PTCs backed by a pool of invoice financing receivables

25 May 2026

Progfin Private Limited: Rating confirmed as final for PTCs backed by invoice financing receivables to be issued by Cerulean 01 2026

Progfin Private Limited: Rating confirmed as final for PTCs backed by invoice financing receivables to be issued by Cerulean 01 2026

25 May 2026

Progfin Private Limited: Rating confirmed as final for PTCs backed by invoice financing receivables to be issued by Tetrix 02 2026

Progfin Private Limited: Rating confirmed as final for PTCs backed by invoice financing receivables to be issued by Tetrix 02 2026

22 Apr 2026

Progfin Private Limited: Rating confirmed as final for PTCs backed by invoice financing receivables to be issued by Twix 09 2025

Progfin Private Limited: Rating confirmed as final for PTCs backed by invoice financing receivables to be issued by Twix 09 2025

31 Mar 2026

Progfin Private Limited: Provisional [ICRA]A+(SO) assigned to Series A1 SN to be issued by Jupiter 03

Progfin Private Limited: Provisional [ICRA]A+(SO) assigned to Series A1 SN to be issued by Jupiter 03

30 Mar 2026

Progfin Private Limited: Provisional [ICRA]A+(SO) assigned to Series A1 PTC to be issued by Lotus 03 2026

Progfin Private Limited: Provisional [ICRA]A+(SO) assigned to Series A1 PTC to be issued by Lotus 03 2026

23 Mar 2026

Progfin Private Limited: Rating confirmed as final for PTCs backed by invoice financing receivables to be issued by Kimi 10 2025

Progfin Private Limited: Rating confirmed as final for PTCs backed by invoice financing receivables to be issued by Kimi 10 2025

23 Mar 2026

Progfin Private Limited: Rating confirmed as final for PTCs backed by invoice financing receivables to be issued by Gabriel 09 2025

Progfin Private Limited: Rating confirmed as final for PTCs backed by invoice financing receivables to be issued by Gabriel 09 2025


bg-rating-crediet-reports

Entity-Specific Credit Perspective Reports

02 Apr 2026

Progfin Private Limited

Progfin Private Limited (SF)

02 Apr 2026

Progfin Private Limited

Progfin Private Limited (SF)

10 Mar 2026

Progfin Private Limited

Progfin Private Limited (SF)

05 Feb 2026

Progfin Private Limited

Progfin Private Limited (SF)

28 Oct 2025

Progfin Private Limited

Progfin Private Limited (SF)

28 Oct 2025

Progfin Private Limited

Progfin Private Limited (SF)

08 Oct 2025

Progfin Private Limited

Progfin Private Limited (SF)

08 Oct 2025

Progfin Private Limited

Progfin Private Limited (SF)

17 Sep 2025

Progfin Private Limited

Progfin Private Limited (Non-SF)

04 Sep 2025

Progfin Private Limited

Progfin Private Limited (SF)


Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Series A1 PTC -- -- [ICRA]A+(SO) --
Series A1 SN -- -- [ICRA]A+(SO) --
Series A1a PTCs Withdrawn -- -- --
Series A1b PTCs Withdrawn -- -- --
Series A2 PTCs Withdrawn -- -- --
Series A1 PTC [ICRA]A1+(SO) -- -- --
Series A1 PTC [ICRA]A1+(SO) -- -- --
Series A1 PTC [ICRA]A1+(SO) -- -- --
Series A1 PTC [ICRA]A1(SO) -- -- --
Series A1 PTC [ICRA]A1+(SO) -- -- --

Our Analysts

Analyst 1

Abhishek Jena

Analyst 2

Gaurav Mashalkar

Sector Head

Manushree Saggar
bg-rating-research

Most Trending Research Reports


View More

Webinars

E-Bus Ecosystem: From Policy Impulse to Market Formation

Jitin Makkar,Kinjal Shah

12 Aug 2026 04:00 PM

No Data Available

Podcast

View More

Press Releases



View More
Ask Our Industry Analyst Get in touch with our Business Representative
Please enter your name
Please enter your mobile number
Please enter your email id
Please enter your company name
Name should not be greater than 50 characters
Please choose sector
Please enter your query
Query to have atleast ten characters
Query should not be greater than 1,000 characters
Please verify you are not a Robot.