Credit Bulletin
August 22, 2024 | Mumbai
Update on Sundaram Finance Limited
 
Note: None of the Directors on CRISIL Ratings Limited’s Board are members of rating committee and thus do not participate in discussion or assignment of any ratings. The Board of Directors also does not discuss any ratings at its meetings.
This Credit Bulletin is published solely to update the bank-wise facility details in line with RBI requirement. For other sections please refer to the previous Rating Rationale May 22, 2024.

Click Here to access the previous Rating Rationale

 

Annexure - Details of Bank Lenders & Facilities
Facility Amount (Rs.Crore) Name of Lender Rating
Proposed Long Term Bank Loan Facility 387.7 Not Applicable CRISIL AAA/Stable
Term Loan 250 The Karnataka Bank Limited CRISIL AAA/Stable
Term Loan 2612.5 HDFC Bank Limited CRISIL AAA/Stable
Term Loan 749.8 State Bank of India CRISIL AAA/Stable
Criteria Details
Links to related criteria
CRISILs Bank Loan Ratings - process, scale and default recognition
Rating Criteria for Finance Companies
CRISILs criteria for rating fixed deposit programmes
Rating criteria for hybrid debt instruments of NBFCs/HFCs
CRISILs Criteria for rating short term debt
CRISILs Criteria for Consolidation

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