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Entity-Specific Rating Rationales

31 Mar 2026

Shriram Finance Limited: Ratings reaffirmed for PTCs issued under five vehicle loan securitisation transactions

Shriram Finance Limited: Ratings reaffirmed for PTCs issued under five vehicle loan securitisation transactions

25 Mar 2026

Shriram Finance Limited: Ratings actions for PTCs issued under three vehicle loan securitisation transactions

Shriram Finance Limited: Ratings actions for PTCs issued under three vehicle loan securitisation transactions

16 Mar 2026

Shriram Finance Limited: Ratings reaffirmed for PTCs issued under four vehicle loan securitisation transactions

Shriram Finance Limited: Ratings reaffirmed for PTCs issued under four vehicle loan securitisation transactions

16 Mar 2026

Shriram Finance Limited: Ratings confirmed as final for PTCs backed by vehicle loan receivables issued by Sansar October 2025 II Trust

Shriram Finance Limited: Ratings confirmed as final for PTCs backed by vehicle loan receivables issued by Sansar October 2025 II Trust

10 Feb 2026

Shriram Finance Limited: Ratings withdrawn for PTCs backed by a vehicle loan securitisation transaction

Shriram Finance Limited: Ratings withdrawn for PTCs backed by a vehicle loan securitisation transaction

10 Feb 2026

Shriram Finance Limited: Rating withdrawn for PTCs backed by a vehicle loan securitisation transaction

Shriram Finance Limited: Rating withdrawn for PTCs backed by a vehicle loan securitisation transaction

31 Dec 2025

Shriram Finance Limited: Rating placed on Watch with Positive Implications

Shriram Finance Limited: Rating placed on Watch with Positive Implications

29 Dec 2025

Shriram Finance Limited: Provisional ratings assigned to PTCs backed by commercial vehicle, construction equipment and tractor loan receivables issued by Sansar Dec 2025 Trust

Shriram Finance Limited: Provisional ratings assigned to PTCs backed by commercial vehicle, construction equipment and tractor loan receivables issued by Sansar Dec 2025 Trust

15 Dec 2025

Shriram Finance Limited: Provisional ratings assigned to PTCs backed by commercial vehicle, passenger vehicle, construction equipment and two wheeler loan receivables issued by Sansar Nov 2025 Trust

Shriram Finance Limited: Provisional ratings assigned to PTCs backed by commercial vehicle, passenger vehicle, construction equipment and two wheeler loan receivables issued by Sansar Nov 2025 Trust

24 Nov 2025

Shriram Finance Limited: Provisional ratings assigned to PTCs backed by commercial vehicle, construction equipment and tractor loan receivables issued by Sansar October 2025 II Trust

Shriram Finance Limited: Provisional ratings assigned to PTCs backed by commercial vehicle, construction equipment and tractor loan receivables issued by Sansar October 2025 II Trust


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Entity-Specific Credit Perspective Reports

29 Jan 2026

Shriram Finance Limited

Shriram Finance Limited (Non-SF)

13 Jan 2026

Shriram Finance Limited

Shriram Finance Limited (SF)

18 Dec 2025

Shriram Finance Limited

Shriram Finance Limited (SF)

04 Dec 2025

Shriram Finance Limited

Shriram Finance Limited (SF)

08 Jul 2025

Shriram Finance Limited

Shriram Finance Limited (SF)

25 Jun 2025

Shriram Finance Limited

Shriram Finance Limited (SF)

24 Mar 2025

Shriram Finance Limited

Shriram Finance Limited (SF)

04 Mar 2025

Shriram Finance Limited

Shriram Finance Limited (SF)

10 Feb 2025

Shriram Finance Limited

Shriram Finance Limited (Non-SF)

02 Jan 2025

Shriram Finance Limited

Shriram Finance Limited (SF)


Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Equity tranche -- -- [ICRA]A-(SO) --
Second Loss Facility -- -- [ICRA]A-(SO) --
PTC Series A1 -- -- [ICRA]AAA(SO) --
Series A2 PTC -- -- [ICRA]A-(SO) --
Series A1 PTC -- -- [ICRA]AAA(SO) --
PTC Series A -- -- [ICRA]AAA(SO) --
PTC Series A -- -- [ICRA]AAA(SO) --
Second Loss Facility -- -- [ICRA]A-(SO) --
PTC Series A2 -- -- [ICRA]AAA(SO) --
PTC Series A2 -- -- [ICRA]AAA(SO) --

Our Analysts

Analyst 1

Arpit Agarwal

Analyst 2

Prateek Agarwal

Sector Head

Karthik Srinivasan
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