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Entity-Specific Rating Rationales

17 Dec 2024

Pahal Financial Services Pvt. Ltd.: Rating reaffirmed and outlook revised to Negative; Rating withdrawn for Rs. 40-crore NCD programme

Pahal Financial Services Pvt. Ltd.: Rating reaffirmed and outlook revised to Negative; Rating withdrawn for Rs. 40-crore NCD programme

28 Mar 2024

Pahal Financial Services Pvt. Ltd.: Rating reaffirmed and assigned for Rs. 40 crore NCD programme

Pahal Financial Services Pvt. Ltd.: Rating reaffirmed and assigned for Rs. 40 crore NCD programme

08 Mar 2024

Pahal Financial Services Pvt. Ltd.: Rating reaffirmed

Pahal Financial Services Pvt. Ltd.: Rating reaffirmed

27 Apr 2023

Pahal Financial Services Pvt. Ltd.: Ratings withdrawn for PTCs backed by microfinance loan receivables securitisation transaction

Pahal Financial Services Pvt. Ltd.: Ratings withdrawn for PTCs backed by microfinance loan receivables securitisation transaction

10 Mar 2023

Pahal Financial Services Pvt. Ltd.: Rating reaffirmed

Pahal Financial Services Pvt. Ltd.: Rating reaffirmed

03 Jun 2022

Pahal Financial Services Pvt. Ltd.: Ratings upgraded for PTCs issued under microloan securitisation transaction

Pahal Financial Services Pvt. Ltd.: Ratings upgraded for PTCs issued under microloan securitisation transaction

03 Jun 2022

Pahal Financial Services Pvt. Ltd.: Rating withdrawn for PTC issued under a pool of micro loan receivables

Pahal Financial Services Pvt. Ltd.: Rating withdrawn for PTC issued under a pool of micro loan receivables

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Entity-Specific Credit Perspective Reports

16 Jan 2025

Pahal Financial Services Pvt. Ltd.

Pahal Financial Services Pvt. Ltd. (Non-SF)

18 Apr 2024

Pahal Financial Services Pvt. Ltd.

Pahal Financial Services Pvt. Ltd. (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Non Convertible Debentures -- -- [ICRA]BBB-(Negative) --
Fund based Term Loan -- -- [ICRA]BBB-(Negative) --
PTC Series A1 -- -- Withdrawn --
PTC Series A2 -- -- Withdrawn --
PTC Series A1 -- -- * --
PTC Series A1 -- -- * --
PTC Series A2 -- -- * --
PTC Series A1 -- -- * --
PTC Series A2 -- -- * --
PTC Series A -- -- * --

Our Analysts

Analyst 1

Arpit Agarwal

Analyst 2

Prateek Mittal

Sector Head

Karthik Srinivasan
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