SBFC Finance announced that the rating as follows has been affirmed by India Ratings & Research Private Limited for pass-through certificates (PTCs) issued by Prime Trust LAP Aug 22 [SPV under ABS transaction] originated by SBFC Finance backed by a pool of asset-backed securities.
Issuing Company Instrument
Rating Rating action Prime Trust LAP Aug 22
Series A1 securitisation notes IND AA(SO)/ Stable Affirmed Prime Trust LAP Aug 22
Series A2 securitisation notes IND BBB- (SO)/ Stable Affirmed
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