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Entity-Specific Rating Rationales

04 Jun 2026

Muthoot Fincorp Limited: Rating confirmed as final for PTCs backed unsecured QR code based merchant loan receivables issued by Delta 2026

Muthoot Fincorp Limited: Rating confirmed as final for PTCs backed unsecured QR code based merchant loan receivables issued by Delta 2026

02 Jun 2026

Muthoot Fincorp Limited: Provisional rating assigned to PTCs backed by loan against property (LAP) receivables issued by Ganymede 2026

Muthoot Fincorp Limited: Provisional rating assigned to PTCs backed by loan against property (LAP) receivables issued by Ganymede 2026

28 May 2026

Muthoot Fincorp Limited: Rating confirmed as final for PTCs backed unsecured small business loan receivables issued by Vector 2026

Muthoot Fincorp Limited: Rating confirmed as final for PTCs backed unsecured small business loan receivables issued by Vector 2026

28 May 2026

Muthoot Fincorp Limited: Rating confirmed as final for PTCs backed loan against property (LAP) receivables issued by Lambda 2026

Muthoot Fincorp Limited: Rating confirmed as final for PTCs backed loan against property (LAP) receivables issued by Lambda 2026

25 May 2026

Muthoot Fincorp Limited: Rating confirmed as final for PTCs backed by loan against property (LAP) receivables issued by Matrix 2026

Muthoot Fincorp Limited: Rating confirmed as final for PTCs backed by loan against property (LAP) receivables issued by Matrix 2026

25 May 2026

Muthoot Fincorp Limited: Rating confirmed as final for PTCs backed by unsecured business loan receivables issued by Vector 2.0

Muthoot Fincorp Limited: Rating confirmed as final for PTCs backed by unsecured business loan receivables issued by Vector 2.0

25 May 2026

Muthoot Fincorp Limited: Rating confirmed as final for PTCs backed by unsecured business loan receivables issued by Delta 2.0

Muthoot Fincorp Limited: Rating confirmed as final for PTCs backed by unsecured business loan receivables issued by Delta 2.0

05 May 2026

Muthoot Fincorp Limited: Rating confirmed as final for PTCs backed by loan against property receivables issued by Impulse 2025

Muthoot Fincorp Limited: Rating confirmed as final for PTCs backed by loan against property receivables issued by Impulse 2025

05 May 2026

Muthoot Fincorp Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Vector 2.0, backed by a pool of unsecured small business loans

Muthoot Fincorp Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Vector 2.0, backed by a pool of unsecured small business loans

05 May 2026

Muthoot Fincorp Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Delta 2.0, backed by a pool of unsecured QR code based merchant loans

Muthoot Fincorp Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Delta 2.0, backed by a pool of unsecured QR code based merchant loans


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Entity-Specific Credit Perspective Reports

02 Jun 2026

Muthoot Fincorp Limited

Muthoot Fincorp Limited (SF)

06 May 2026

Muthoot Fincorp Limited

Muthoot Fincorp Limited (SF)

06 May 2026

Muthoot Fincorp Limited

Muthoot Fincorp Limited (SF)

02 Apr 2026

Muthoot Fincorp Limited

Muthoot Fincorp Limited (SF)

02 Apr 2026

Muthoot Fincorp Limited

Muthoot Fincorp Limited (SF)

16 Mar 2026

Muthoot Fincorp Limited

Muthoot Fincorp Limited (SF)

10 Mar 2026

Muthoot Fincorp Limited

Muthoot Fincorp Limited (SF)

02 Mar 2026

Muthoot Fincorp Limited

Muthoot Fincorp Limited (SF)

07 Jan 2026

Muthoot Fincorp Limited

Muthoot Fincorp Limited (SF)

07 Jan 2026

Muthoot Fincorp Limited

Muthoot Fincorp Limited (SF)

Ratings

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

Our Analysts

Analyst 1

Pratik Vora

Analyst 2

Gaurav Mashalkar

Sector Head

Manushree Saggar
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