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Entity-Specific Rating Rationales

10 Apr 2025

Lok Suvidha Finance Limited: Ratings confirmed as final for PTCs backed by two-wheeler and e-rickshaw loan receivables issued by Noddy 2024

Lok Suvidha Finance Limited: Ratings confirmed as final for PTCs backed by two-wheeler and e-rickshaw loan receivables issued by Noddy 2024

29 Mar 2025

Lok Suvidha Finance Limited: Provisional [ICRA]A-(SO) assigned to Series A1 PTC backed by a pool of two-wheeler and e-rickshaw loan receivables issued by Cygni 03 2025

Lok Suvidha Finance Limited: Provisional [ICRA]A-(SO) assigned to Series A1 PTC backed by a pool of two-wheeler and e-rickshaw loan receivables issued by Cygni 03 2025

30 Dec 2024

Lok Suvidha Finance Limited: Provisional [ICRA]BBB+(SO) assigned to Series A1 PTC backed by a pool of two-wheeler and e-rickshaw loan receivables issued by Noddy 2024

Lok Suvidha Finance Limited: Provisional [ICRA]BBB+(SO) assigned to Series A1 PTC backed by a pool of two-wheeler and e-rickshaw loan receivables issued by Noddy 2024

26 Dec 2024

Lok Suvidha Finance Limited: Rating reaffirmed

Lok Suvidha Finance Limited: Rating reaffirmed

08 Dec 2023

Lok Suvidha Finance Limited: Rating reaffirmed

Lok Suvidha Finance Limited: Rating reaffirmed

31 Mar 2023

Lok Suvidha Finance Limited: [ICRA]BBB- (Stable) assigned to NCDs and bank lines; rating reaffirmed

Lok Suvidha Finance Limited: [ICRA]BBB- (Stable) assigned to NCDs and bank lines; rating reaffirmed

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Entity-Specific Credit Perspective Reports

03 Apr 2025

Lok Suvidha Finance Limited

Lok Suvidha Finance Limited (SF)

23 Jan 2025

Lok Suvidha Finance Limited

Lok Suvidha Finance Limited (Non-SF)

06 Jan 2025

Lok Suvidha Finance Limited

Lok Suvidha Finance Limited (SF)

05 Jan 2024

Lok Suvidha Finance Limited

Lok Suvidha Finance Limited (Non-SF)

10 May 2023

Lok Suvidha Finance Limited

Lok Suvidha Finance Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Series A1 PTC -- -- [ICRA]BBB+(SO) --
Series A1 PTC -- -- Provisional [ICRA]A- (SO) --
Fund Based Bank Lines -- -- [ICRA]BBB-(Stable) --
Non Convertible Debenture -- -- [ICRA]BBB-(Stable) --
Issuer rating -- -- [ICRA]BBB-(Stable) --

Our Analysts

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Shruti Jain

Analyst 2

Himanshi Doshi

Sector Head

Abhishek Dafria
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