1. Home
  2. Investors
  3. Disclosures under Regulation 62 of the SEBI (LODR), 2015
  4. Credit Rating

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

  • Rating Rationale

    Banner2018-02-14_101135350.jpg

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
Date21-06-2024 Rating AgencyCARE Ratings Limited Credit Rating and OutlookCARE A+; Positive ParticularsRating re-affirmed to CARE A+ (CARE Single A Plus) with Positive outlook revised from Stable.
Date01-12-2023 Rating AgencyCARE Ratings Limited Credit Rating and OutlookCARE A+; Stable ParticularsRating upgraded to CARE A+ (CARE Single A Plus) with Stable outlook from CARE A (CARE Single A) with Stable outlook
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+; 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+; ParticularsRating agency assigned the rating of CARE A1+ (CARE Single A Plus).