India Ratings & Research has affirmed the credit ratings for SBFC Finance’s Prime Trust LAP Aug 22′ securitization notes. The Series A1 notes are affirmed at IND AA(SO)/Stable, and the Series A2 notes are affirmed at IND BBB-(SO)/Stable. This decision reflects the agency’s assessment of the underlying asset pool’s performance and the structural features of the securitization.
Credit Ratings Maintained
SBFC Finance announced that India Ratings & Research Private Limited has affirmed the ratings for its pass-through certificates (PTCs) issued under the Prime Trust LAP Aug 22′ securitization transaction. These asset-backed securities are secured by a pool of loans.
Rating Details
Specifically, the ratings affirmed are as follows:
- Series A1 securitization notes: IND AA(SO)/Stable
- Series A2 securitization notes: IND BBB-(SO)/Stable
This rating action, formalized in a letter dated October 17, 2025, reflects India Ratings’ evaluation of the structure and performance of the underlying loan pool.
Source: BSE
