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Entity-Specific Rating Rationales

24 Dec 2024

ECL Finance Limited: Ratings reaffirmed, Removed from Rating Watch with Negative Implications, and Stable outlook assigned on long term ratings; rated amount reduced

ECL Finance Limited: Ratings reaffirmed, Removed from Rating Watch with Negative Implications, and Stable outlook assigned on long term ratings; rated amount reduced

06 Jun 2024

ECL Finance Limited: Update on material event

ECL Finance Limited: Update on material event

09 May 2024

ECL Finance Limited: Ratings withdrawn for matured instruments

ECL Finance Limited: Ratings withdrawn for matured instruments

16 Apr 2024

ECL Finance Limited: Rating withdrawn for PTCs backed by unsecured business loan receivables securitisation transaction

ECL Finance Limited: Rating withdrawn for PTCs backed by unsecured business loan receivables securitisation transaction

28 Dec 2023

ECL Finance Limited: Placed on rating watch with negative implications

ECL Finance Limited: Placed on rating watch with negative implications

24 Nov 2023

ECL Finance Limited: Rating actions for PTCs backed by unsecured business loan receivables securitisation transactions

ECL Finance Limited: Rating actions for PTCs backed by unsecured business loan receivables securitisation transactions

22 Jun 2023

ECL Finance Limited: Ratings reaffirmed

ECL Finance Limited: Ratings reaffirmed

31 Jan 2023

ECL Finance Limited: Rating actions for PTCs backed by unsecured business loan receivables securitisation transaction

ECL Finance Limited: Rating actions for PTCs backed by unsecured business loan receivables securitisation transaction

10 Nov 2022

ECL Finance Limited: Rating confirmed as final for securities backed by unsecured business loan receivables securitisation transaction

ECL Finance Limited: Rating confirmed as final for securities backed by unsecured business loan receivables securitisation transaction

10 Aug 2022

ECL Finance Limited: Rating upgraded to [ICRA]AAA(SO) for PTC Series A1 issued under unsecured business loan receivables securitisation transaction

ECL Finance Limited: Rating upgraded to [ICRA]AAA(SO) for PTC Series A1 issued under unsecured business loan receivables securitisation transaction


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Entity-Specific Credit Perspective Reports

21 Jan 2025

ECL Finance Limited

ECL Finance Limited (Non-SF)

03 Aug 2023

ECL Finance Limited

ECL Finance Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Subordinated Debt -- -- [ICRA]A+(Stable) --
Long-term / Short-term Fund-based Bank Lines [ICRA]A1 -- [ICRA]A+(Stable) --
Non-Convertible Debenture -- -- [ICRA]A+(Stable) --
Retail Non-Convertible Debenture -- -- [ICRA]A+(Stable) --
Principal Protected Market Linked Debenture Programme (Unsecured and Subordinated) -- -- Withdrawn --
Series A1 PTC -- -- Withdrawn --
PTC Series A1 -- -- Withdrawn --
PTC Series A1 -- -- Withdrawn --
PTC Series A1 -- -- Withdrawn --
Non-Convertible Debenture programme -- -- * --

Our Analysts

Analyst 1

Subhrajyoti Mohapatra

Analyst 2

Deep Inder Singh

Sector Head

Karthik Srinivasan
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