Outlook

ICRA's Outlook Research provides a comprehensive overview of all major sectors for the current financial year. Published annually in April, the report offers insights into sector-specific demand, leverage, and profitability dynamics, as well as the key challenges and growth drivers shaping the outlook. Additionally, the report includes a macroeconomic perspective and highlights key government policies and schemes relevant to the financial year.

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Date Sector Reports Category Price Action
01 Apr 2026 Outlook FY2027 ICRA's Outlook for FY2027
Annual Update
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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..

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Rating Rationales

Date Category Report Action
03 Jul 2026 Corporate Debt Rating SPML Infra Limited: Ratings upgraded and assigned for enhanced amount
03 Jul 2026 Corporate Debt Rating Beardsell Limited: Continues to remain under issuer non-Cooperating category
03 Jul 2026 Corporate Debt Rating Rinac India Limited: Ratings reaffirmed
03 Jul 2026 Corporate Debt Rating Synthetic Packers Private Limited: Ratings reaffirmed
03 Jul 2026 Corporate Debt Rating Amalgamated Plantations Private Limited: Ratings reaffirmed and assigned for enhanced amount
03 Jul 2026 Corporate Debt Rating Godrej Finance Limited: Rating reaffirmed; rated amount enhanced
03 Jul 2026 Corporate Debt Rating Godrej Housing Finance Limited: Rating reaffirmed; rated amount enhanced
03 Jul 2026 Structured Finance Rating Cholamandalam Investment and Finance Company Limited: Provisional [ICRA]AAA(SO) assigned to PTC Series A backed by vehicle loan receivables issued by PLATINUM TRUST Jun 2026 - TRANCHE II; Provisional [ICRA]A-(SO) assigned to second loss facility
03 Jul 2026 Structured Finance Rating Aye Finance Limited (erstwhile Aye Finance (P) Ltd.): Provisional [ICRA]AA(SO) assigned to PTC Series A1 and Provisional [ICRA]A+(SO) assigned to Series B PTCs issued by Ajanta 04 Trust 2026, backed by a pool of unsecured business loans
03 Jul 2026 Structured Finance Rating Berar Finance Limited: Provisional [ICRA]AA(SO) assigned to Series A1a PTCs and Provisional [ICRA]A-(SO) assigned to Series A1b PTCs backed by two-wheeler loan receivables issued by Polaris Trust 2026
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