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CRISIL Ratings Limited (A subsidiary of CRISIL Limited, an S&P Global company)

Company Factsheet

Click here to view Sebi Industry Classification Structure

Our recommendations

IndoStar Capital Finance Limited

Basic Industry : Non Banking Financial Company (NBFC) | Rating Outstanding as on April 17, 2024

Instrument Category
Long Term
Ratings
CRISIL AA-
Outlook
Negative as of February 12, 2024
View Instrument

Rs. 1148.71 Crore Term Loan
Rs. 1225 Crore Non Convertible Debentures
Rs. 300 Crore Non Convertible Debentures
Rs. 300 Crore Non Convertible Debentures
Rs. 500 Crore Non Convertible Debentures
Rs. 500 Crore Non Convertible Debentures
Rs. 500 Crore Non Convertible Debentures
Rs. 562.5 Crore Cash Credit & Working Capital Demand Loan
Rs. 6288.79 Crore Proposed Long Term Bank Loan Facility

Instrument Category
Short Term
Ratings
CRISIL A1+
Outlook
View Instrument

Rs. 2000 Crore Commercial Paper

Rating Rationale

IndoStar Capital Finance Limited:Update on IndoStar Capital Finance Limited as on 12-FEB-2024

Past rating rationales

Interested in a detailed credit rating report @ ₹5000?

Structured Finance

PR Date
30-NOV-23
Transaction
Ithaca CV Trust Jun 2022
Tranche Name
PTCs
Amount
Rs.876.98 Crore under
Ratings
CRISIL AAA (SO)
Archives
View

PR Date
30-NOV-23
Transaction
STAR PCG CV SERIES I OCT 19
Tranche Name
Acquirer's Payouts
Amount
Rs.148.26 Crore under
Ratings
CRISIL AAA (SO) Equivalent
Archives
View

PR Date
20-MAR-24
Transaction
Solitaire CV Trust Dec 2023
Tranche Name
Series A Security Note
Amount
Rs.235.33 Crore under
Ratings
CRISIL AAA (SO)
Archives
View

PR Date
01-DEC-22
Transaction
Star CV Trust June 2019
Tranche Name
Series A PTCs
Amount
Rs.82.42 Crore under
Ratings
Withdrawn
Archives
View

PR Date
01-DEC-22
Transaction
Star CV Trust May 2019
Tranche Name
Series A PTCs
Amount
Rs.157.71 Crore under
Ratings
Withdrawn
Archives
View

PR Date
01-DEC-22
Transaction
Star CV Trust September 2019
Tranche Name
Series A PTCs
Amount
Rs.132.28 Crore under
Ratings
Withdrawn
Archives
View

PR Date
21-MAR-24
Transaction
Sun CV Trust Dec 2023
Tranche Name
Series A1 PTCs
Amount
Rs.193.82 Crore under
Ratings
CRISIL AAA (SO)
Archives
View

Benchmark Report

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crisilratingdesk@crisil.com
For analytical queries, please email us at:
ratingsinvestordesk@crisil.com
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crisilratingdesk@crisil.com