bg-rating-rationales

Entity-Specific Rating Rationales

27 Feb 2024

Cholamandalam Investment and Finance Company Limited: Ratings reaffirmed for PTCs and SLFs issued under three vehicle loan securitisation transactions

Cholamandalam Investment and Finance Company Limited: Ratings reaffirmed for PTCs and SLFs issued under three vehicle loan securitisation transactions

31 Jan 2024

Cholamandalam Investment and Finance Company Limited: Provisional [ICRA]AAA(SO) assigned to PTC Series A backed by vehicle and construction equipment loan receivables issued by PLATINUM TRUST JAN 2024 – TRANCHE II; Provisional [ICRA]A-(SO) assigned to second loss facility

Cholamandalam Investment and Finance Company Limited: Provisional [ICRA]AAA(SO) assigned to PTC Series A backed by vehicle and construction equipment loan receivables issued by PLATINUM TRUST JAN 2024 – TRANCHE II; Provisional [ICRA]A-(SO) assigned to second loss facility

29 Jan 2024

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

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

29 Jan 2024

Cholamandalam Investment and Finance Company Limited: Provisional [ICRA]AAA(SO) assigned to PTC Series A backed by vehicle loan receivables issued by PLATINUM TRUST JAN 2024 – TRANCHE I; Provisional [ICRA]A-(SO) assigned to second loss facility

Cholamandalam Investment and Finance Company Limited: Provisional [ICRA]AAA(SO) assigned to PTC Series A backed by vehicle loan receivables issued by PLATINUM TRUST JAN 2024 – TRANCHE I; Provisional [ICRA]A-(SO) assigned to second loss facility

18 Jan 2024

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

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

02 Jan 2024

Cholamandalam Investment and Finance Company Limited: Ratings reaffirmed, and outlook revised to Positive from Stable; Rated amount enhanced

Cholamandalam Investment and Finance Company Limited: Ratings reaffirmed, and outlook revised to Positive from Stable; Rated amount enhanced

29 Dec 2023

Cholamandalam Investment and Finance Company Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A backed by vehicle loan receivables issued by PLATINUM TRUST DEC 2023 – TRANCHE I

Cholamandalam Investment and Finance Company Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A backed by vehicle loan receivables issued by PLATINUM TRUST DEC 2023 – TRANCHE I

30 Nov 2023

Cholamandalam Investment and Finance Company Limited: Provisional [ICRA]AAA(SO) assigned to PTC Series A backed by vehicle loan receivables issued by PLATINUM TRUST NOV 2023 – TRANCHE II; Provisional [ICRA]A-(SO) assigned to second loss facility

Cholamandalam Investment and Finance Company Limited: Provisional [ICRA]AAA(SO) assigned to PTC Series A backed by vehicle loan receivables issued by PLATINUM TRUST NOV 2023 – TRANCHE II; Provisional [ICRA]A-(SO) assigned to second loss facility

20 Nov 2023

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

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

31 Oct 2023

Cholamandalam Investment and Finance Company Limited: Provisional [ICRA]AAA(SO) assigned to PTC Series A backed by vehicle and construction equipment loan receivables issued by PLATINUM TRUST OCT 2023 – TRANCHE I; Provisional [ICRA]A-(SO) assigned to second loss facility

Cholamandalam Investment and Finance Company Limited: Provisional [ICRA]AAA(SO) assigned to PTC Series A backed by vehicle and construction equipment loan receivables issued by PLATINUM TRUST OCT 2023 – TRANCHE I; Provisional [ICRA]A-(SO) assigned to second loss facility