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Entity-Specific Rating Rationales

02 Feb 2026

Cholamandalam Investment and Finance Company Limited: Provisional [ICRA]AAA(SO) assigned to Series A1(a) PTCs and Series A1(b) PTCs backed by vehicle loan receivables issued by Platinum Trust Dec 2025 – Tranche III; Provisional [ICRA]A-(SO) assigned to second loss facility

Cholamandalam Investment and Finance Company Limited: Provisional [ICRA]AAA(SO) assigned to Series A1(a) PTCs and Series A1(b) PTCs backed by vehicle loan receivables issued by Platinum Trust Dec 2025 – Tranche III; Provisional [ICRA]A-(SO) assigned to second loss facility

30 Jan 2026

Cholamandalam Investment and Finance Company Limited: Ratings confirmed as final for PTCs backed by a pool of vehicle loan receivables

Cholamandalam Investment and Finance Company Limited: Ratings confirmed as final for PTCs backed by a pool of vehicle loan receivables

27 Jan 2026

Cholamandalam Investment and Finance Company Limited: Rating reaffirmed for PTCs and SLF issued under vehicle loan securitisation transaction

Cholamandalam Investment and Finance Company Limited: Rating reaffirmed for PTCs and SLF issued under vehicle loan securitisation transaction

27 Jan 2026

Cholamandalam Investment and Finance Company Limited: Ratings reaffirmed for PTCs and SLF issued under vehicle loan securitisation transaction

Cholamandalam Investment and Finance Company Limited: Ratings reaffirmed for PTCs and SLF issued under vehicle loan securitisation transaction

15 Jan 2026

Cholamandalam Investment and Finance Company Limited: Ratings withdrawn for PTCs issued under vehicle loan receivables transactions

Cholamandalam Investment and Finance Company Limited: Ratings withdrawn for PTCs issued under vehicle loan receivables transactions

31 Dec 2025

Cholamandalam Investment and Finance Company Limited: Provisional [ICRA]AAA(SO) assigned to PTC Series A backed by vehicle loan receivables issued by PLATINUM TRUST DEC 2025 - TRANCHE IV; Provisional [ICRA]A-(SO) assigned to second loss facility

Cholamandalam Investment and Finance Company Limited: Provisional [ICRA]AAA(SO) assigned to PTC Series A backed by vehicle loan receivables issued by PLATINUM TRUST DEC 2025 - TRANCHE IV; Provisional [ICRA]A-(SO) assigned to second loss facility

26 Dec 2025

Cholamandalam Investment and Finance Company Limited: Provisional [ICRA]AAA(SO) assigned to PTC Series A backed by vehicle loan receivables issued by PLATINUM TRUST DEC 2025 – TRANCHE I; Provisional [ICRA]A-(SO) assigned to second loss facility

Cholamandalam Investment and Finance Company Limited: Provisional [ICRA]AAA(SO) assigned to PTC Series A backed by vehicle loan receivables issued by PLATINUM TRUST DEC 2025 – TRANCHE I; Provisional [ICRA]A-(SO) assigned to second loss facility

22 Dec 2025

Cholamandalam Investment and Finance Company Limited: Rating confirmed as final for PTCs backed by a pool of vehicle loan receivables

Cholamandalam Investment and Finance Company Limited: Rating confirmed as final for PTCs backed by a pool of vehicle loan receivables

17 Dec 2025

Cholamandalam Investment and Finance Company Limited: Ratings withdrawn for PTCs issued under vehicle loan receivables transaction

Cholamandalam Investment and Finance Company Limited: Ratings withdrawn for PTCs issued under vehicle loan receivables transaction

28 Nov 2025

Cholamandalam Investment and Finance Company Limited: Ratings reaffirmed; rated amount enhanced

Cholamandalam Investment and Finance Company Limited: Ratings reaffirmed; rated amount enhanced


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Entity-Specific Credit Perspective Reports

06 Feb 2026

Cholamandalam Investment and Finance Company Limited

Cholamandalam Investment and Finance Company Limited (SF)

12 Jan 2026

Cholamandalam Investment and Finance Company Limited

Cholamandalam Investment and Finance Company Limited (SF)

08 Jan 2026

Cholamandalam Investment and Finance Company Limited

Cholamandalam Investment and Finance Company Limited (SF)

08 Dec 2025

Cholamandalam Investment and Finance Company Limited

Cholamandalam Investment and Finance Company Limited (SF)

11 Nov 2025

Cholamandalam Investment and Finance Company Limited

Cholamandalam Investment and Finance Company Limited (Non-SF)

13 Oct 2025

Cholamandalam Investment and Finance Company Limited

Cholamandalam Investment and Finance Company Limited (SF)

23 Sep 2025

Cholamandalam Investment and Finance Company Limited

Cholamandalam Investment and Finance Company Limited (SF)

11 Aug 2025

Cholamandalam Investment and Finance Company Limited

Cholamandalam Investment and Finance Company Limited (SF)

03 Jul 2025

Cholamandalam Investment and Finance Company Limited

Cholamandalam Investment and Finance Company Limited (SF)

02 Jun 2025

Cholamandalam Investment and Finance Company Limited

Cholamandalam Investment and Finance Company Limited (SF)


Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Series A1(a) PTCs -- -- Provisional [ICRA]AAA(SO) --
Series A1(b) PTCs -- -- Provisional [ICRA]AAA(SO) --
Second Loss Facility -- -- Provisional [ICRA]A-(SO) --
PTC Series A -- -- [ICRA]AAA(SO) --
Second Loss Facility -- -- [ICRA]A-(SO) --
PTC Series A -- -- [ICRA]AAA(SO) --
PTC Series A -- -- [ICRA]AAA(SO) --
PTC Series A -- -- Withdrawn --
Second Loss Facility -- -- Withdrawn --
PTC Series A -- -- Withdrawn --

Our Analysts

Analyst 1

Vishal Oza

Analyst 2

Sumit Pramanik

Sector Head

Manushree Sagar
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