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Entity-Specific Rating Rationales

21 Feb 2025

Fusion Finance Limited: Rating downgraded to [ICRA]A- (Negative); rating withdrawn for Rs. 35-crore NCD programme

Fusion Finance Limited: Rating downgraded to [ICRA]A- (Negative); rating withdrawn for Rs. 35-crore NCD programme

26 Nov 2024

Fusion Finance Limited: Rating downgraded and Outlook revised to Negative

Fusion Finance Limited: Rating downgraded and Outlook revised to Negative

16 May 2024

Fusion Micro Finance Limited: Rating withdrawn for matured instruments

Fusion Micro Finance Limited: Rating withdrawn for matured instruments

12 Jan 2024

Fusion Micro Finance Limited: Rating upgraded to [ICRA]A+ (Stable); outlook revised to Stable

Fusion Micro Finance Limited: Rating upgraded to [ICRA]A+ (Stable); outlook revised to Stable

19 Jul 2023

Fusion Micro Finance Limited: Ratings reaffirmed and outlook revised to Positive; Ratings simultaneously withdrawn for Rs. 85-crore NCD and Rs. 40-crore MLD programmes; Rating assigned to Rs. 63.5-crore NCDs

Fusion Micro Finance Limited: Ratings reaffirmed and outlook revised to Positive; Ratings simultaneously withdrawn for Rs. 85-crore NCD and Rs. 40-crore MLD programmes; Rating assigned to Rs. 63.5-crore NCDs

27 Jan 2023

Fusion Micro Finance Limited: Rating reaffirmed; Ratings assigned to non- convertible debenture and market linked debenture programme and simultaneously withdrawn for Rs. 90-crore NCD programme

Fusion Micro Finance Limited: Rating reaffirmed; Ratings assigned to non- convertible debenture and market linked debenture programme and simultaneously withdrawn for Rs. 90-crore NCD programme

09 Dec 2022

Fusion Micro Finance Limited: Rating upgraded; Rating upgraded and simultaneously withdrawn for Rs. 288-crore NCD programme

Fusion Micro Finance Limited: Rating upgraded; Rating upgraded and simultaneously withdrawn for Rs. 288-crore NCD programme

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Entity-Specific Credit Perspective Reports

24 Dec 2024

Fusion Finance Limited

Fusion Finance Limited (Non-SF)

05 Feb 2024

Fusion Finance Limited

Fusion Finance Limited (Non-SF)

24 Jan 2023

Fusion Finance Limited

Fusion Finance Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Non-Convertible Debenture -- -- [ICRA]A-(Negative) --
Subordinated Debt -- -- [ICRA]A-(Negative) --
Market Linked Debenture -- -- Withdrawn --
PTC Series A1 -- -- * --
PTC Series A2 -- -- * --
PTC Series A1 -- -- * --
PTC Series A2 -- -- * --
PTC Series A1 -- -- * --
PTC Series A2 -- -- * --
PTC Series A1 -- -- * --

Our Analysts

Analyst 1

Arpit Agarwal

Analyst 2

Prateek Mittal

Sector Head

Karthik Srinivasan
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