Aavas Financiers Limited announced the assignment of a Provisional [ICRA]AAA(SO) rating by ICRA Limited for the Series A1 Pass-Through Certificates (PTCs). These PTCs are backed by a pool of home loan receivables originated by Aavas. The total principal amount involved in this specific securitization transaction is Rs. 495.61 crore. The rating action, classified as ‘Provisional Assigned,’ signifies the highest degree of safety regarding timely servicing of financial obligations.
Rating Announcement for Securitization Transaction
Aavas Financiers Limited has officially informed the stock exchanges regarding a provisional credit rating assigned to certificates being issued under its securitisation programme. The rating was assigned by ICRA Limited for the Pass-Through Certificates (PTCs) structured under the Prime Home Loan Trust V.
Key Details of the Rated Instrument
The transaction involves a pool of home loan receivables originated by Aavas Financiers Limited. The detailed breakdown of the assignment is as follows:
Instrument: Series A1 PTCs
Principal Amount: Rs. 495.61 crore
Rating Assigned: Provisional [ICRA]AAA(SO)
This rating signifies that the instruments are considered to have the highest degree of safety regarding timely servicing of financial obligations, placing them in the category carrying the lowest credit risk.
Effective Date of Information
The official date and time of occurrence of this event, as recorded, was March 20, 2026, at 01:39 P.M.
Rating Conditions and Acceptance
ICRA specified that this provisional rating is subject to the fulfillment of all structural conditions, review of transaction documentation, and confirmation of the PTC yield. The rating letter explicitly states that the publicity material using this rating must refer to it as “Provisional [ICRA]AAA(SO)” for the Series A1 PTCs.
The company, represented by Saurabh Sharma, Company Secretary and Compliance Officer, has requested the exchanges to take this information on record.
Source: BSE
