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  4. Credit Rating

Veritas Finance Private Limited currently has Long Term Credit Rating of A (Stable) from CARE Ratings Limited signifying adequate safety as given in the rating rationale available below:

  • Rating Rationale

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History of credit ratings for non-convertible debentures and long-term bank facilities since inception of the company:

Date Rating Agency Credit Rating and Outlook Particulars
Date27-05-2022 Rating AgencyCARE Ratings Limited Credit Rating and OutlookCARE A; Stable ParticularsRating upgraded to CARE A (CARE Single A) with Stable outlook from CARE A- (CARE Single A minus) with Stable outlook
Date01-07-2020 Rating AgencyCARE Ratings Limited Credit Rating and OutlookCARE A-; Stable ParticularsRating upgraded to CARE A- (CARE Single A minus) with outlook Stable from CARE BBB+ (CARE Triple B plus) with Stable outlook
Date31-12-2018 Rating AgencyCARE Ratings Limited Credit Rating and OutlookCARE BBB+; Stable ParticularsRating upgraded to CARE BBB+ (CARE Triple B plus) with Stable outlook from CARE BBB (CARE Triple B) with Stable outlook.
Date31-05-2018 Rating AgencyCARE Ratings Limited Credit Rating and OutlookCARE BBB; Stable ParticularsRating upgraded to CARE BBB (CARE Triple B) with Stable outlook from CARE BBB- (CARE Triple B minus) with Stable outlook.
Date04-10-2017 Rating AgencyCARE Ratings Limited Credit Rating and OutlookCARE BBB-; Stable ParticularsRating agency assigned the rating of CARE BBB- (CARE Triple B minus) with Stable outlook.

History of credit ratings for short-term bank facilities since inception of the company:

Date Rating Agency Credit Rating and Outlook Particulars
Date21-10-2022 Rating AgencyCARE Ratings Limited Credit Rating and OutlookCARE A1+; Stable ParticularsRating agency assigned the rating of CARE A1+ (CARE Single A Plus).

History of credit ratings for commercial papers since inception of the company:

Date Rating Agency Credit Rating and Outlook Particulars
Date26-10-2022 Rating AgencyCARE Ratings Limited Credit Rating and OutlookCARE A1+; Stable ParticularsRating agency assigned the rating of CARE A1+ (CARE Single A Plus).