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Entity-Specific Rating Rationales

14 Aug 2026

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Rating confirmed as final for PTCs backed by loan against property (LAP) and unsecured individual business loan (IBL) loan receivables issued by Throne Trust 2026

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Rating confirmed as final for PTCs backed by loan against property (LAP) and unsecured individual business loan (IBL) loan receivables issued by Throne Trust 2026

01 Jul 2026

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): : Provisional rating assigned to PTC backed by a pool of loan against property (LAP) and unsecured individual business loan (IBL) receivables issued by Throne Trust 2026

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): : Provisional rating assigned to PTC backed by a pool of loan against property (LAP) and unsecured individual business loan (IBL) receivables issued by Throne Trust 2026

11 Jun 2026

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Rating placed on Watch with Positive Implications

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Rating placed on Watch with Positive Implications

08 May 2026

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Rating confirmed as final for PTCs backed by loan against property (LAP) loan receivables issued by CANARY 12 2025

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Rating confirmed as final for PTCs backed by loan against property (LAP) loan receivables issued by CANARY 12 2025

21 Apr 2026

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Rating actions for PTCs issued under unsecured individual business receivables securitisation transactions

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Rating actions for PTCs issued under unsecured individual business receivables securitisation transactions

06 Feb 2026

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Rating confirmed as final for PTCs backed by Loan Against Property (LAP) loan receivables issued by ARVIND 10 2025

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Rating confirmed as final for PTCs backed by Loan Against Property (LAP) loan receivables issued by ARVIND 10 2025

05 Feb 2026

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Provisional rating assigned to PTC backed by loan against property (LAP) receivables issued by Canary 12 2025

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Provisional rating assigned to PTC backed by loan against property (LAP) receivables issued by Canary 12 2025

19 Nov 2025

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Provisional rating assigned to PTC backed by loan against property (LAP) receivables issued by ARVIND 10 2025

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Provisional rating assigned to PTC backed by loan against property (LAP) receivables issued by ARVIND 10 2025

22 Sep 2025

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Rating placed on Watch with Negative Implications for PTCs issued under unsecured individual business loan receivables securitisation transaction

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Rating placed on Watch with Negative Implications for PTCs issued under unsecured individual business loan receivables securitisation transaction

22 Sep 2025

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Rating placed on Watch with Negative Implications for PTCs issued under unsecured individual business loan receivables securitisation transaction

Criss Financial Limited (erstwhile Criss Financial Holdings Limited): Rating placed on Watch with Negative Implications for PTCs issued under unsecured individual business loan receivables securitisation transaction


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Entity-Specific Credit Perspective Reports

29 Jul 2026

Criss Financial Limited (erstwhile Criss Financial Holdings Limited)

Criss Financial Limited (erstwhile Criss Financial Holdings Limited) (Non-SF)

02 Jul 2026

Criss Financial Limited (erstwhile Criss Financial Holdings Limited)

Criss Financial Limited (erstwhile Criss Financial Holdings Limited) (SF)

05 Feb 2026

Criss Financial Limited (erstwhile Criss Financial Holdings Limited)

Criss Financial Limited (erstwhile Criss Financial Holdings Limited) (SF)

14 Jan 2026

Criss Financial Limited (erstwhile Criss Financial Holdings Limited)

Criss Financial Limited (erstwhile Criss Financial Holdings Limited) (Non-SF)

24 Nov 2025

Criss Financial Limited (erstwhile Criss Financial Holdings Limited)

Criss Financial Limited (erstwhile Criss Financial Holdings Limited) (SF)

03 Apr 2025

Criss Financial Limited (erstwhile Criss Financial Holdings Limited)

Criss Financial Limited (erstwhile Criss Financial Holdings Limited) (SF)

02 Jan 2025

Criss Financial Limited (erstwhile Criss Financial Holdings Limited)

Criss Financial Limited (erstwhile Criss Financial Holdings Limited) (SF)

13 Aug 2024

Criss Financial Limited (erstwhile Criss Financial Holdings Limited)

Criss Financial Limited (erstwhile Criss Financial Holdings Limited) (Non-SF)

15 Feb 2024

Criss Financial Limited (erstwhile Criss Financial Holdings Limited)

Criss Financial Limited (erstwhile Criss Financial Holdings Limited) (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
PTC Series A1 -- -- [ICRA]A-(SO) --
Long-term – Fund-based – Term Loan -- -- [ICRA]BBB Rating Watch with Positive Implications --
PTC Series A1 -- -- [ICRA]A+(SO) --
PTC Series A1 -- -- [ICRA]BBB+(SO) Rating Watch with Negative Implications --
PTC Series A1 -- -- [ICRA]BBB+(SO) --
PTC Series A1 -- -- [ICRA]A(SO) --
Market Linked Debenture -- -- Withdrawn --

Our Analysts

Analyst 1

Richardson Xavier J

Analyst 2

Srinivasan Rangaswamy

Sector Head

Karthik Srinivasan
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