Structured Finance

ICRA's Structured Finance Report offers a pool-wise summary of the performance of all ICRA-rated ABS and MBS transactions over a specific period. Investors rely on these reports to assess the quality of a financial institution's asset pool, aiding them in making informed investment decisions. Additionally, the annual Market Update Report covers the securitisation volumes, their distribution across various classes, types of investors active in this space, split of securitisation market, trends in PTC yields and details on rating movement of ICRA rated transactions.

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Regular Research

Special Comments

Date	Reports	Category	Price
27 Oct 2025	H1 FY2026: Securitisation volumes continue to grow; NBFCs expected to remain key originators	Thematic Report
17 Sep 2025	Tighter pool selection and structural enhancements support MFI pool performance amidst challenging environment	Thematic Report
17 Jul 2025	Q1 FY2026: Securitisation volumes rise led by participation by NBFCs	Thematic Report
30 Jun 2025	Report on Performance until March 2025	Half-yearly Update	--
27 Jun 2025	Report on MBS Pool Performance till March 2025	Half-yearly Update	--
20 Jun 2025	Securitisation volumes reach all-time high of Rs. 2.35 lakh crore for FY2025; expected to cross Rs. 2.50 lakh crore in FY2026	Annual Update	--
28 Apr 2025	FY2025 annual securitisation volumes reach all-time high	Thematic Report
13 Mar 2025	Decline in collection efficiency for unsecured asset classes visible in ICRA-rated securitised pools	Thematic Report
05 Mar 2025	Securitisation by medium and small NBFCs continues to find limited investor appetite	Thematic Report
04 Mar 2025	SDI issuances by non-financial sector entities continue to scale though the market size remains limited	Thematic Report
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Credit Perspective Reports

ICRA's 'Credit Perspectives' provide detailed analysis on ratings assigned. These reports broadly cover the following areas: Key rating considerations..

What's latest in CPR

Apeejay Surrendra Park Hotels Limited
31 Oct 2025
Oriental Aromatics Limited
31 Oct 2025
Dalmia Cement (Bharat) Limited
31 Oct 2025
Deepak Industries Limited
31 Oct 2025
Ashiana Housing Limited
31 Oct 2025

Rating Rationales

Name	Email	Phone
31 Oct 2025	HT Media Limited: Rating reaffirmed
31 Oct 2025	SRJ Peety Steels Private Limited: Long-term rating reaffirmed; short-term rating reaffirmed and withdrawn
31 Oct 2025	United Breweries Limited: Ratings reaffirmed for bank facilities; reaffirmed and withdrawn for commercial paper
31 Oct 2025	Hindustan Media Ventures Limited: Rating reaffirmed
31 Oct 2025	Studio 18 Media Private Limited: Rating withdrawn
31 Oct 2025	NCML Finance Private Limited: Moved to Non-Cooperating category
31 Oct 2025	Economic And Entrepreneurship Development Foundation: Rating downgraded
31 Oct 2025	Qatar National Bank (Q.P.S.C), India Branch: Rating reaffirmed
31 Oct 2025	International Travel House Limited: Ratings reaffirmed
31 Oct 2025	Transport Corporation of India Limited: Rating reaffirmed for bank facilities; commercial paper rating reaffirmed and withdrawn