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Rating Rationales

11 Oct 2024

Besmak Components Private Limited: [ICRA]BBB(Stable)/[ICRA]A3+ assigned

Besmak Components Private Limited: [ICRA]BBB(Stable)/[ICRA]A3+ assigned

11 Oct 2024

Mad Studios Private Limited: Ratings Withdrawn

Mad Studios Private Limited: Ratings Withdrawn

10 Oct 2024

A.G. Industries (Bawal) Pvt Ltd - Update on material event

A.G. Industries (Bawal) Pvt Ltd - Update on material event

10 Oct 2024

Ajay Steels Private Limited: Ratings reaffirmed

Ajay Steels Private Limited: Ratings reaffirmed

10 Oct 2024

Al-Rkayan Apparels & Exports Private Limited: Continues to remain under issuer Non-Cooperating category, Rating downgraded based on best available information

Al-Rkayan Apparels & Exports Private Limited: Continues to remain under issuer Non-Cooperating category, Rating downgraded based on best available information

10 Oct 2024

AmberPR Technoplast India Private Limited: Placed on rating watch with developing implications

AmberPR Technoplast India Private Limited: Placed on rating watch with developing implications

10 Oct 2024

API Ispat and Powertech Private Limited: Ratings reaffirmed

API Ispat and Powertech Private Limited: Ratings reaffirmed

10 Oct 2024

Century Plyboards (India) Ltd: Change in limits

Century Plyboards (India) Ltd: Change in limits

10 Oct 2024

Ozone Homes Private Limited : Continues to remain under issuer Non-Cooperating category

Ozone Homes Private Limited : Continues to remain under issuer Non-Cooperating category

10 Oct 2024

Real Ispat & Power Limited: Ratings reaffirmed

Real Ispat & Power Limited: Ratings reaffirmed


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Structured Finance Rating Rationales

10 Oct 2024

Clix Capital Services Private Limited: Rating withdrawn for PTC backed by business loan receivables transaction

Clix Capital Services Private Limited: Rating withdrawn for PTC backed by business loan receivables transaction

10 Oct 2024

DMI Finance Private Limited: Ratings confirmed as final for PTCs backed by a pool of personal and consumer loan receivables issued by APRIUM 25-1

DMI Finance Private Limited: Ratings confirmed as final for PTCs backed by a pool of personal and consumer loan receivables issued by APRIUM 25-1

10 Oct 2024

Veritas Finance Private Limited: Provisional [ICRA]AA+(SO) assigned to PTCs backed by small business loan and home construction loan receivables issued by Vajra 013 Trust

Veritas Finance Private Limited: Provisional [ICRA]AA+(SO) assigned to PTCs backed by small business loan and home construction loan receivables issued by Vajra 013 Trust

09 Oct 2024

Cholamandalam Investment and Finance Company Limited: Ratings confirmed as final for PTCs issued under a vehicle loan and construction equipment loan receivables securitisation transaction

Cholamandalam Investment and Finance Company Limited: Ratings confirmed as final for PTCs issued under a vehicle loan and construction equipment loan receivables securitisation transaction

09 Oct 2024

Cholamandalam Investment and Finance Company Limited: Ratings confirmed as final for PTCs issued under a vehicle loan and construction equipment loan receivables securitisation transaction

Cholamandalam Investment and Finance Company Limited: Ratings confirmed as final for PTCs issued under a vehicle loan and construction equipment loan receivables securitisation transaction

09 Oct 2024

Shriram Finance Limited: Rating confirmed as final for PTCs backed by vehicle and construction equipment loan receivables issued by Sansar June 2024 III Trust

Shriram Finance Limited: Rating confirmed as final for PTCs backed by vehicle and construction equipment loan receivables issued by Sansar June 2024 III Trust

08 Oct 2024

Berar Finance Limited: Provisional [ICRA]A+(SO) assigned to Series A1 PTC and Provisional [ICRA]BBB+(SO) assigned to Equity Tranche PTC backed by two-wheeler loan receivables issued by Trisul 09 2024

Berar Finance Limited: Provisional [ICRA]A+(SO) assigned to Series A1 PTC and Provisional [ICRA]BBB+(SO) assigned to Equity Tranche PTC backed by two-wheeler loan receivables issued by Trisul 09 2024

08 Oct 2024

NeoGrowth Credit Private Limited: Rating confirmed as final for PTCs backed by MSME business loan receivables issued by Vayu Trust June 2024

NeoGrowth Credit Private Limited: Rating confirmed as final for PTCs backed by MSME business loan receivables issued by Vayu Trust June 2024

07 Oct 2024

DMI Finance Private Limited: Rating confirmed as final for PTCs backed by personal loan receivables issued by PLUM 25-7

DMI Finance Private Limited: Rating confirmed as final for PTCs backed by personal loan receivables issued by PLUM 25-7

07 Oct 2024

Share Microfin Limited: Provisional [ICRA]A(SO) assigned to Series A1 PTCs backed by microfinance loan receivables issued by Sensei 09 2024

Share Microfin Limited: Provisional [ICRA]A(SO) assigned to Series A1 PTCs backed by microfinance loan receivables issued by Sensei 09 2024


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