ICRA An Affiliate of Moody's

Entity-Specific Rating Rationales

06 May 2026

Toyota Financial Services India Limited : Provisional [ICRA]AAA(SO) assigned to Series A PTCs issued by Securitisation April 2026 Trust, backed by a pool of passenger vehicle loan receivables

18 Mar 2026

Toyota Financial Services India Limited: Ratings reaffirmed and rated amount enhanced; rating reaffirmed and withdrawn for matured instruments

03 Oct 2025

Toyota Financial Services India Limited: [ICRA]AAA (Stable) assigned to NCDs; ratings reaffirmed

07 Apr 2025

Toyota Financial Services India Limited: [ICRA]AAA (Stable) assigned to NCDs; ratings reaffirmed and rated amount enhanced

19 Dec 2024

Toyota Financial Services India Limited: Ratings reaffirmed; rated amount enhanced

25 Jun 2024

Toyota Financial Services India Limited: Ratings reaffirmed; rated amount enhanced

27 Dec 2023

Toyota Financial Services India Limited: Ratings reaffirmed; rated amount enhanced

01 Aug 2023

Toyota Financial Services India Limited: Ratings reaffirmed; Rated amount enhanced

Entity-Specific Credit Perspective Reports

01 Jun 2026

Toyota Financial Services India Limited

Toyota Financial Services India Limited (SF)

28 Nov 2025

Toyota Financial Services India Limited

Toyota Financial Services India Limited (Non-SF)

30 Jul 2024

Toyota Financial Services India Limited

Toyota Financial Services India Limited (Non-SF)

08 Feb 2024

Toyota Financial Services India Limited

Toyota Financial Services India Limited (Non-SF)

Ratings

Description	Short Term	Medium Term	Long Term	Issuer
Series A PTCs	--	--	Provisional [ICRA]AAA(SO)	--
Commercial Paper	[ICRA]A1+	--	--	--
NCD	--	--	[ICRA]AAA(Stable)	--
NCD	--	--	[ICRA]AAA(Stable)	--
Long-term/Short-term – Fund-based – Others	[ICRA]A1+	--	[ICRA]AAA(Stable)	--

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