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Entity-Specific Rating Rationales

06 Oct 2025

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited): Provisional [ICRA]AAA(SO) assigned to Series A1 PTCs backed by a pool of home loan receivables issued by Star HFC Trust Sept 2025

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited): Provisional [ICRA]AAA(SO) assigned to Series A1 PTCs backed by a pool of home loan receivables issued by Star HFC Trust Sept 2025

26 Sep 2025

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited): Rating reaffirmed for PTCs issued backed by a pool of HL and LAP securitisation transaction

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited): Rating reaffirmed for PTCs issued backed by a pool of HL and LAP securitisation transaction

18 Jul 2025

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited): Rating confirmed as final for PTCs issued under a home loan receivables securitisation transaction

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited): Rating confirmed as final for PTCs issued under a home loan receivables securitisation transaction

26 May 2025

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited): Rating reaffirmed for PTCs issued under mortgage loan securitisation transactions

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited): Rating reaffirmed for PTCs issued under mortgage loan securitisation transactions

19 May 2025

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited): Rating confirmed as final for PTCs issued under a home loan receivables securitisation transaction

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited): Rating confirmed as final for PTCs issued under a home loan receivables securitisation transaction

31 Mar 2025

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited): Provisional [ICRA]AAA(SO) assigned to Series A1 PTCs backed by a pool of home loan receivables

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited): Provisional [ICRA]AAA(SO) assigned to Series A1 PTCs backed by a pool of home loan receivables

20 Feb 2025

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited): Rating confirmed as final for PTCs issued under a home loan receivables securitisation transaction

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited): Rating confirmed as final for PTCs issued under a home loan receivables securitisation transaction

14 Feb 2025

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited): Provisional [ICRA]AAA(SO) assigned to Series A1 PTCs backed by a pool of home loan receivables

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited): Provisional [ICRA]AAA(SO) assigned to Series A1 PTCs backed by a pool of home loan receivables

31 Dec 2024

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited): Rating reaffirmed for PTCs/SNs issued under mortgage loan securitisation transactions

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited): Rating reaffirmed for PTCs/SNs issued under mortgage loan securitisation transactions

01 Oct 2024

Indostar Home Finance Private Limited: Provisional [ICRA]AAA(SO) assigned to Series A1 PTCs backed by a pool of home loan receivables

Indostar Home Finance Private Limited: Provisional [ICRA]AAA(SO) assigned to Series A1 PTCs backed by a pool of home loan receivables


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Entity-Specific Credit Perspective Reports

14 Oct 2025

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited)

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited) (SF)

02 Apr 2025

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited)

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited) (SF)

14 Feb 2025

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited)

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited) (SF)

14 Oct 2024

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited)

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited) (SF)

30 Jun 2023

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited)

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited) (SF)

29 Mar 2023

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited)

Niwas Housing Finance Private Limited (erstwhile Indostar Home Finance Private Limited) (SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Series A1 PTCs -- -- Provisional [ICRA]AAA(SO) --
Series A1 PTCs -- -- [ICRA]AAA(SO) --
Series A1 PTCs -- -- [ICRA]AAA(SO) --
Series A PTCs -- -- [ICRA]AAA(SO) --
Series A1 PTC -- -- [ICRA]AAA(SO) --
Series A1 PTCs -- -- [ICRA]AAA(SO) --
Series A1 PTCs -- -- [ICRA]AAA(SO) --
PTC Series A -- -- [ICRA]AAA(SO) --
SN Series A -- -- [ICRA]AAA(SO) --
Commercial Paper Withdrawn -- -- --

Our Analysts

Analyst 1

Ritu Rita

Analyst 2

Himanshi Doshi

Sector Head

Manushree Sagar
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