SBFC Finance Limited has disclosed an affirmation of credit ratings for the Pass-Through Certificates (PTCs) issued under the Prime Trust LAP Dec 22′ trust. The rating agency, India Ratings and Research Pvt Ltd, affirmed the Senior tranche PTCs at IND AA(SO) and the Equity tranche PTCs at IND BBB-(SO), both with a Stable outlook. This disclosure was made on February 19, 2026, confirming stability for these instruments backed by Loan Against Property receivables.
Credit Rating Disclosure for PTCs
In compliance with ongoing disclosure requirements, SBFC Finance Limited has provided details regarding the credit ratings assigned to its Pass-Through Certificates (PTCs). These PTCs are backed by Loan Against Property (LAP) receivables that were originated by SBFC Finance Limited and securitized through the Prime Trust LAP Dec 22′ trust.
Rating Details Confirmed
The ratings were provided by India Ratings and Research Pvt Ltd. The key ratings confirmed on February 18, 2026, are summarized below:
Senior Tranche PTCs
- Instrument: Senior tranche PTCs
- Credit Rating: IND AA(SO)
- Rating Action: Affirmed
Equity Tranche PTCs
- Instrument: Equity tranche PTCs
- Credit Rating: IND BBB -(SO)
- Rating Action: Affirmed
Both tranches were confirmed with a Stable outlook, indicating no immediate expectation of a change in the assigned ratings.
Dissemination of Information
The official press release detailing these rating actions was received by the Company on February 18, 2026, at 3:29 PM (IST). This information has been concurrently uploaded to the investor relations section of the Company’s official website for public access.
Source: BSE
