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Entity-Specific Rating Rationales

22 Sep 2025

Veritas Finance Limited: Rating reaffirmed for PTCs issued under a small business loan and home construction loan securitisation transaction

Veritas Finance Limited: Rating reaffirmed for PTCs issued under a small business loan and home construction loan securitisation transaction

22 Aug 2025

Veritas Finance Limited: Rating reaffirmed for PTCs issued under a small business loan and home construction loan securitisation transaction

Veritas Finance Limited: Rating reaffirmed for PTCs issued under a small business loan and home construction loan securitisation transaction

22 Aug 2025

Veritas Finance Limited: Rating reaffirmed for PTCs issued under a small business loan and home construction loan securitisation transaction

Veritas Finance Limited: Rating reaffirmed for PTCs issued under a small business loan and home construction loan securitisation transaction

18 Jul 2025

Veritas Finance Limited: Rating action for PTCs issued under small business loan and home construction loan securitisation transactions

Veritas Finance Limited: Rating action for PTCs issued under small business loan and home construction loan securitisation transactions

18 Jul 2025

Veritas Finance Limited: Rating action for PTCs issued under small business loan and home construction loan securitisation transaction

Veritas Finance Limited: Rating action for PTCs issued under small business loan and home construction loan securitisation transaction

18 Mar 2025

Veritas Finance Limited: Rating actions for PTCs issued under small business loan and home construction loan securitisation transactions

Veritas Finance Limited: Rating actions for PTCs issued under small business loan and home construction loan securitisation transactions

24 Dec 2024

Veritas Finance Limited: Rating reaffirmed for PTCs issued under small business loan and home construction loan securitisation transaction

Veritas Finance Limited: Rating reaffirmed for PTCs issued under small business loan and home construction loan securitisation transaction

29 Nov 2024

Veritas Finance Limited: Rating confirmed as final for PTCs backed by small business loan and home construction loan receivables issued by Vajra 013 Trust

Veritas Finance Limited: Rating confirmed as final for PTCs backed by small business loan and home construction loan receivables issued by Vajra 013 Trust

10 Oct 2024

Veritas Finance Private Limited: Provisional [ICRA]AA+(SO) assigned to PTCs backed by small business loan and home construction loan receivables issued by Vajra 013 Trust

Veritas Finance Private Limited: Provisional [ICRA]AA+(SO) assigned to PTCs backed by small business loan and home construction loan receivables issued by Vajra 013 Trust

25 Sep 2024

Veritas Finance Private Limited: Rating upgraded for PTCs issued under small business loan and home construction loan securitisation transaction

Veritas Finance Private Limited: Rating upgraded for PTCs issued under small business loan and home construction loan securitisation transaction


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Entity-Specific Credit Perspective Reports

10 Oct 2024

Veritas Finance Limited

Veritas Finance Limited (SF)

12 Aug 2024

Veritas Finance Limited

Veritas Finance Limited (SF)

28 Jun 2024

Veritas Finance Limited

Veritas Finance Limited (SF)

27 Jun 2024

Veritas Finance Limited

Veritas Finance Limited (SF)

25 Mar 2024

Veritas Finance Limited

Veritas Finance Limited (SF)

22 Mar 2024

Veritas Finance Limited

Veritas Finance Limited (SF)

22 Mar 2024

Veritas Finance Limited

Veritas Finance Limited (SF)

28 Feb 2024

Veritas Finance Limited

Veritas Finance Limited (SF)

30 Nov 2023

Veritas Finance Limited

Veritas Finance Limited (SF)

18 Sep 2023

Veritas Finance Limited

Veritas Finance Limited (SF)


Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Series A1 PTC -- -- [ICRA]AAA(SO) --
Series A1 PTC -- -- [ICRA]AAA(SO) --
Series A2 PTC -- -- [ICRA]AAA(SO) --
Series A1 PTC -- -- [ICRA]AAA(SO) --
Series A1 PTC -- -- [ICRA]AAA(SO) --
Series A1 PTC -- -- [ICRA]AAA(SO) --
Series A2 PTC -- -- [ICRA]AA+(SO) --
Series A1 PTC -- -- [ICRA]AAA(SO) --
Series A2 PTC -- -- [ICRA]AA+(SO) --
Series A1 PTC -- -- [ICRA]AAA(SO) --

Our Analysts

Analyst 1

Ekta Baheti

Analyst 2

Sumit Pramanik

Sector Head

Abhishek Dafria
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