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As on 19-Oct-2026  22:20

Satin Creditcare Network Ltd secures reaffirmed ratings and enhanced debt facility of INR 500 Crore from ICRA

Satin Creditcare Network Ltd has announced reaffirmations and an enhancement by ICRA Limited across a range of its debt instruments. ICRA reaffirmed the “[ICRA]A (Stable)/[ICRA]A1” rating for the company’s Long-term/Short-Term Fund-based facilities, assigning an enhanced amount of INR 500 Crore, alongside reaffirmations for Commercial Paper (INR 200.00), Non-convertible Debentures (INR 315.12 and INR 1,078.78), Subordinated Debt (INR 50.05 and INR 579.95), and a NCD Programme (INR 230.00), which has now been withdrawn. Additionally, ICRA reaffirmed ratings for numerous Term Loans ranging from INR 25.00 to INR 477.08, along with various Non-convertible Debentures, Subordinated Debt instruments (including amounts of INR 30.00, INR 50.05, INR 50.00, INR 75.00, INR 274.95, INR 75.00, INR 50.00, and INR 274.95), and reaffirmed a Commercial Paper of INR 200.00, with some instruments slated to be issued.