SBFC Finance Limited has announced the final credit rating for its Horizon Trust LAP June 2026 Securitised Notes. India Ratings and Research Private Limited has assigned a rating of IND AA+(SO)/Stable to the Series A1 Securitised Notes. This upgrade reflects a positive assessment of the underlying assets and the structure of the securitization transaction, offering investors enhanced confidence in the security’s credit quality.
Credit Rating Finalized for Securitised Notes
SBFC Finance Limited has officially disclosed the final credit rating for the Securitised Notes issued under the Horizon Trust LAP June 2026 transaction. The announcement confirms a rating of IND AA+(SO)/Stable for the Series A1 Securitised Notes, as assigned by India Ratings and Research Private Limited. This rating is crucial for investors, providing an independent assessment of the creditworthiness of these asset-backed securities.
Rating Details and Issuance Information
The Horizon Trust LAP June 2026 is an asset-backed securities transaction. The Series A1 Securitised Notes, which are part of this issuance, have received the final rating from India Ratings. The rating letter, received on August 26, 2026, solidifies the credit assessment following the finalization of the transaction documentation. The size of the issue is INR 2,176.02 million, with a maturity date of August 20, 2040. The coupon rate is benchmarked to ICICI 6M MCLR, payable monthly.
Importance of the Rating
The IND AA+(SO)/Stable rating signifies a high degree of safety concerning timely payments from the securitized pool of assets. The ‘Stable’ outlook indicates that the rating is unlikely to change in the near to medium term, provided the underlying assumptions and credit quality remain consistent. This information is vital for potential investors to evaluate the risk-return profile of these instruments.
Source: BSE
