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Entity-Specific Rating Rationales

28 Nov 2025

Bhanix Finance and Investment Limited: Rating downgraded to [ICRA]BBB-(Negative)

Bhanix Finance and Investment Limited: Rating downgraded to [ICRA]BBB-(Negative)

28 Mar 2025

Bhanix Finance and Investment Limited: Ratings withdrawn

Bhanix Finance and Investment Limited: Ratings withdrawn

12 Dec 2024

Bhanix Finance and Investment Limited: Ratings withdrawn for long-term market linked debentures

Bhanix Finance and Investment Limited: Ratings withdrawn for long-term market linked debentures

29 Nov 2024

Bhanix Finance and Investment Limited: Ratings reaffirmed; Outlook revised to Negative from Stable

Bhanix Finance and Investment Limited: Ratings reaffirmed; Outlook revised to Negative from Stable

20 Nov 2023

Bhanix Finance and Investment Limited: Ratings reaffirmed

Bhanix Finance and Investment Limited: Ratings reaffirmed

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Entity-Specific Credit Perspective Reports

30 Dec 2025

Bhanix Finance and Investment Limited

Bhanix Finance and Investment Limited (Non-SF)

21 Jan 2025

Bhanix Finance and Investment Limited

Bhanix Finance and Investment Limited (Non-SF)

15 Dec 2023

Bhanix Finance and Investment Limited

Bhanix Finance and Investment Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Non Convertible Debenture -- -- [ICRA]BBB-(Negative) --
Fund Based -- -- [ICRA]BBB-(Negative) --
Commercial Paper Withdrawn -- -- --
Market Linked Debentures -- -- Withdrawn --

Our Analysts

Analyst 1

Atharva Pednekar

Analyst 2

Sandeep Sharma

Sector Head

Karthik Srinivasan
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