ICRA An Affiliate of Moody's

Entity-Specific Rating Rationales

13 Feb 2026

SMFG India Credit Company Limited: Rating withdrawn for PTCs backed by personal loan receivables by PL PTC Trust 01

27 Nov 2025

SMFG India Credit Company Limited: Ratings reaffirmed; assigned for enhanced amount and withdrawn for matured instruments

13 Jun 2025

SMFG India Credit Company Limited: Ratings reaffirmed

27 Feb 2025

SMFG India Credit Company Limited: Rating upgraded for PTCs backed by personal loan securitisation transaction

06 Aug 2024

SMFG India Credit Company Limited: [ICRA]AAA (Stable) assigned for enhanced amount; rating withdrawn for unutilised limits

13 Jun 2024

SMFG India Credit Company Limited: Ratings reaffirmed

28 Feb 2024

SMFG India Credit Company Limited: Ratings reaffirmed for PTCs issued under a personal loan securitisation transaction

13 Jun 2023

SMFG India Credit Company Limited: Ratings reaffirmed/assigned; rated amount enhanced

11 Jul 2025

SMFG India Credit Company Limited

SMFG India Credit Company Limited (Non-SF)

11 Jul 2024

SMFG India Credit Company Limited

SMFG India Credit Company Limited (Non-SF)

08 Jul 2024

SMFG India Credit Company Limited

SMFG India Credit Company Limited (SF)

02 Aug 2023

SMFG India Credit Company Limited

SMFG India Credit Company Limited (Non-SF)

Ratings

Description	Short Term	Medium Term	Long Term	Issuer
Series A1 PTC	--	--	Withdrawn	--
Subordinate Debt	--	--	[ICRA]AAA(Stable)	--
Long Term Fund Based Bank Lines	--	--	[ICRA]AAA(Stable)	--
Non-Convertible Debenture	--	--	[ICRA]AAA(Stable)	--
Commercial Paper	[ICRA]A1+	--	--	--
Principal Protected Market Linked Debentures	--	--	[ICRA]AAA (Stable)PP-MLD	--
Retail non-convertible debenture programme	--	--	[ICRA]AAA(Stable)	--
Issuer rating	--	--	[ICRA]AAA(Stable)	--
Short-Term Debt	[ICRA]A1+	--	--	--
--	--	--	*	--

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