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

19-Oct-26 22:20 Hrs IST

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and INR 1,078.78), Subordinated Debt (INR 50.05 and INR 579.95), and a NCD Programme (INR 230.00), which has now been withdrawn.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.

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