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Entity-Specific Rating Rationales

24 Feb 2026

Chaitanya India Fin Credit Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by NEXT GEN 2026, backed by a pool of microfinance loan receivables

Chaitanya India Fin Credit Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by NEXT GEN 2026, backed by a pool of microfinance loan receivables

03 Feb 2026

Chaitanya India Fin Credit Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by GREEN LAND 2026, backed by a pool of microfinance loan receivables

Chaitanya India Fin Credit Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by GREEN LAND 2026, backed by a pool of microfinance loan receivables

03 Dec 2025

Chaitanya India Fin Credit Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by South Pole 2025, backed by a pool of microfinance loan receivables

Chaitanya India Fin Credit Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by South Pole 2025, backed by a pool of microfinance loan receivables

03 Dec 2025

Chaitanya India Fin Credit Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by ELEVEN DOORS 2025, backed by a pool of microfinance loan receivables

Chaitanya India Fin Credit Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by ELEVEN DOORS 2025, backed by a pool of microfinance loan receivables

13 Nov 2025

Chaitanya India Fin Credit Private Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Mclaren 2025

Chaitanya India Fin Credit Private Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Mclaren 2025

24 Sep 2025

Chaitanya India Fin Credit Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Mclaren 2025, backed by a pool of microfinance loan receivables

Chaitanya India Fin Credit Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Mclaren 2025, backed by a pool of microfinance loan receivables

14 Mar 2024

Chaitanya India Fin Credit Private Limited: Rating withdrawn for PTCs backed by microfinance loan securitisation transactions

Chaitanya India Fin Credit Private Limited: Rating withdrawn for PTCs backed by microfinance loan securitisation transactions

29 Dec 2023

Chaitanya India Fin Credit Private Limited: Rating upgraded for PTCs backed by microfinance loan receivables issued by Nimbus 2022 MFI Starfox

Chaitanya India Fin Credit Private Limited: Rating upgraded for PTCs backed by microfinance loan receivables issued by Nimbus 2022 MFI Starfox

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Entity-Specific Credit Perspective Reports

02 Mar 2026

Chaitanya India Fin Credit Private Limited

Chaitanya India Fin Credit Private Limited (SF)

04 Feb 2026

Chaitanya India Fin Credit Private Limited

Chaitanya India Fin Credit Private Limited (SF)

03 Dec 2025

Chaitanya India Fin Credit Private Limited

Chaitanya India Fin Credit Private Limited (SF)

03 Dec 2025

Chaitanya India Fin Credit Private Limited

Chaitanya India Fin Credit Private Limited (SF)

29 Sep 2025

Chaitanya India Fin Credit Private Limited

Chaitanya India Fin Credit Private Limited (SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
PTC Series A1 -- -- Provisional [ICRA]AA+(SO) --
PTC Series A1 -- -- Provisional [ICRA]AA+(SO) --
PTC Series A1 -- -- Provisional [ICRA]AA+ (SO) --
PTC Series A1 -- -- Provisional [ICRA]AA+ (SO) --
PTC Series A1 -- -- [ICRA]AA+(SO) --
Series A1 PTC -- -- Withdrawn --
Term Loan -- -- Withdrawn --
Subordinated Debt -- -- Withdrawn --
Non-Convertible Debenture -- -- Withdrawn --
Market Linked Non-Convertible Debenture -- -- Withdrawn --

Our Analysts

Analyst 1

Swapnali Chavan

Analyst 2

Gaurav Mashalkar

Sector Head

Manushree Saggar
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