ICRA An Affiliate of Moody's

Entity-Specific Rating Rationales

05 Mar 2026

Midland Microfin Limited: Provisional rating assigned to PTCs backed by microfinance loan receivables issued by MITSURI MFI FEB 2026

24 Feb 2026

Midland Microfin Limited: Provisional rating assigned to PTCs backed by microfinance loan receivables issued by Medius 01 2026

10 Feb 2026

Midland Microfin Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Eris 09 2025

04 Feb 2026

Midland Microfin Limited: Provisional rating assigned to PTCs backed by microfinance loan receivables issued by Unicorn 01 2026

07 Jan 2026

Midland Microfin Limited: Provisional rating assigned to PTCs backed by microfinance loan receivables issued by Charon 12 2025

16 Dec 2025

Midland Microfin Limited: Ratings confirmed as final for PTCs backed by microfinance loan receivables issued by Newton 08 2025

25 Nov 2025

Midland Microfin Limited: Provisional rating assigned to PTCs backed by microfinance loan receivables issued by River Rock 11 2025

03 Nov 2025

Midland Microfin Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Adhira 07 2025

29 Sep 2025

Midland Microfin Limited: Provisional rating assigned to PTCs backed by microfinance loan receivables issued by Eris 09 2025

25 Aug 2025

Midland Microfin Limited: Provisional ratings assigned to PTCs backed by microfinance loan receivables issued by Newton 08 2025

Entity-Specific Credit Perspective Reports

05 Mar 2026

Midland Microfin Limited

Midland Microfin Limited (SF)

24 Feb 2026

Midland Microfin Limited

Midland Microfin Limited (SF)

04 Feb 2026

Midland Microfin Limited

Midland Microfin Limited (SF)

07 Jan 2026

Midland Microfin Limited

Midland Microfin Limited (SF)

25 Nov 2025

Midland Microfin Limited

Midland Microfin Limited (SF)

30 Sep 2025

Midland Microfin Limited

Midland Microfin Limited (SF)

28 Aug 2025

Midland Microfin Limited

Midland Microfin Limited (SF)

29 Jul 2025

Midland Microfin Limited

Midland Microfin Limited (SF)

Ratings

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

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