Company dossier

Fusion Finance

NSE:FUSION · ISIN INE139R01012

Close: ₹205.6
Daily change: N/A
Evidence state: Building

Fusion Finance

Ratings & risks

Credit signals

Rating-action history

Agency evidence

17 Jul 26

ICRA Limited · Fusion Finance Limited: Rating confirmed as final for PTCs issued under micro finance loan receivables securitisation transactionICRA Limited · PDF preserved by IndiaTicker

18 Jun 26

ICRA Limited · Fusion Finance Limited: Rating confirmed as final for PTCs issued under micro finance loan receivables securitisation transactionICRA Limited · PDF preserved by IndiaTicker

07 Apr 26

CARE Ratings Limited rating actionCARE Ratings Limited · PDF preserved by IndiaTicker

31 Mar 26

ICRA Limited · Fusion Finance Limited: Provisional [ICRA]AA+(SO) assigned to Series A1 PTC backed by MFI loan receivables issued by White Rose 03 2026ICRA Limited · PDF preserved by IndiaTicker

31 Mar 26

ICRA Limited · Fusion Finance Limited: Provisional [ICRA]AA+(SO) assigned to Series A1 PTCs backed by MFI loan receivables issued by Supernova 03 2026ICRA Limited · PDF preserved by IndiaTicker

16 Dec 25

CARE Ratings Limited rating actionCARE Ratings Limited · PDF preserved by IndiaTicker

27 Nov 25

ICRA Limited · Fusion Finance Limited: Rating reaffirmed and outlook revised to Stable from Negative; [ICRA]A- (Stable) assigned to Rs. 500-crore NCD programme and withdrawn for Rs. 145-crore NCD programmeICRA Limited · PDF preserved by IndiaTicker

17 Mar 25

CARE Ratings Limited rating actionCARE Ratings Limited · PDF preserved by IndiaTicker

21 Feb 25

ICRA Limited · Fusion Finance Limited: Rating downgraded to [ICRA]A- (Negative); rating withdrawn for Rs. 35-crore NCD programmeICRA Limited · discovered

26 Nov 24

ICRA Limited · Fusion Finance Limited: Rating downgraded and Outlook revised to NegativeICRA Limited · discovered

26 Nov 24

CARE Ratings Limited rating actionCARE Ratings Limited · discovered

04 Oct 24

CARE Ratings Limited rating actionCARE Ratings Limited · discovered

16 May 24

ICRA Limited · Fusion Micro Finance Limited: Rating withdrawn for matured instrumentsICRA Limited · discovered

17 Apr 24

CARE Ratings Limited · Fusion Micro Finance LimitedCARE Ratings Limited · discovered

12 Jan 24

ICRA Limited · Fusion Micro Finance Limited: Rating upgraded to [ICRA]A+ (Stable); outlook revised to StableICRA Limited · discovered

27 Dec 23

CARE Ratings Limited · Fusion Micro Finance LimitedCARE Ratings Limited · discovered

19 Jul 23

ICRA Limited · Fusion Micro Finance Limited: Ratings reaffirmed and outlook revised to Positive; Ratings simultaneously withdrawn for Rs. 85-crore NCD and Rs. 40-crore MLD programmes; Rating assigned to Rs. 63.5-crore NCDsICRA Limited · discovered

27 Jan 23

ICRA Limited · Fusion Micro Finance Limited: Rating reaffirmed; Ratings assigned to non- convertible debenture and market linked debenture programme and simultaneously withdrawn for Rs. 90-crore NCD programmeICRA Limited · discovered

28 Dec 22

CARE Ratings Limited · Fusion Micro Finance LimitedCARE Ratings Limited · discovered

09 Dec 22

ICRA Limited · Fusion Micro Finance Limited: Rating upgraded; Rating upgraded and simultaneously withdrawn for Rs. 288-crore NCD programmeICRA Limited · discovered

26 Apr 22

ICRA Limited · Fusion Micro Finance Limited: Rating assignedICRA Limited · discovered

07 Apr 22

ICRA Limited · Fusion Micro Finance Limited: Rating reaffirmedICRA Limited · discovered

21 Jan 22

CARE Ratings Limited · Fusion Micro Finance LimitedCARE Ratings Limited · discovered

21 Sept 21

ICRA Limited · Fusion Micro Finance Limited: Rating reaffirmed; withdrawn for Rs. 81-crore NCD programmeICRA Limited · discovered

03 Sept 21

CARE Ratings Limited · Fusion Micro Finance Limited (Formerly known as Fusion Microfinance Private Limited)CARE Ratings Limited · discovered

25 Jan 21

CARE Ratings Limited · Fusion Microfinance Private LimitedCARE Ratings Limited · discovered

08 Jan 21

ICRA Limited · Fusion Microfinance (Pvt.) Ltd.: Ratings withdrawn for PTCs issued under two microfinance loan securitisation transactionsICRA Limited · discovered

14 Dec 20

ICRA Limited · Fusion Microfinance (Pvt.) Ltd.: [ICRA]A-(Stable) assignedICRA Limited · discovered

11 Nov 20

ICRA Limited · Fusion Microfinance (Pvt.) Ltd.: [ICRA]A-(Stable) assignedICRA Limited · discovered

22 Oct 20

ICRA Limited · Fusion Microfinance (Pvt.) Ltd.: Ratings withdrawn for PTCs issued under two microfinance loan securitisation transactionsICRA Limited · discovered

05 Oct 20

ICRA Limited · Fusion Microfinance (Pvt.) Ltd.: [ICRA]A-(Stable) assignedICRA Limited · discovered

24 Aug 20

ICRA Limited · Fusion Microfinance (Pvt.) Ltd.: [ICRA]A-(Stable) withdrawn for Rs. 31.00-crore NCDICRA Limited · discovered

22 May 20

ICRA Limited · Fusion Microfinance (Pvt.) Ltd.: ICRA withdraws rating for PTCs issued under two micro loan securitization transactionsICRA Limited · discovered

11 May 20

ICRA Limited · Fusion Microfinance (Pvt.) Ltd.: [ICRA]A-(Stable) assigned to Rs. 300.00-crore NCD; Rating withdrawn for Rs. 129.00-crore NCD; Rating reaffirmed for Rs. 414.50-crore NCD ProgrammeICRA Limited · discovered

07 May 20

CARE Ratings Limited · Fusion Microfinance Private LimitedCARE Ratings Limited · discovered

24 Apr 20

ICRA Limited · Fusion Microfinance (Pvt.) Ltd.: ICRA withdraws rating for PTCs issued under one micro loan securitization transactionICRA Limited · discovered

13 Apr 20

ICRA Limited · Fusion Microfinance (Pvt.) Ltd.: ICRA withdraws rating for PTCs issued under two micro loan securitization transactionsICRA Limited · discovered

16 Mar 20

ICRA Limited · Fusion Microfinance (Pvt.) Ltd.: Ratings upgraded for PTCs issued under 5 micro loan securitisation transactionsICRA Limited · discovered

12 Feb 20

ICRA Limited · Fusion Microfinance (Pvt.) Ltd.: Ratings confirmed for pass through certificates (PTCs) issued under a micro loan receivables securitisation transaction, as finalICRA Limited · discovered

23 Jan 20

CARE Ratings Limited · Fusion Microfinance Private LimitedCARE Ratings Limited · discovered

Risk research framework

Questions to test against evidence

Analyst review

Operating deterioration

Track sector-specific operating metrics and reconcile them across reporting periods.

High

Funding and liquidity

Review debt maturity, repricing, liquidity and rating commentary where relevant.

High

Execution versus guidance

Compare management statements with subsequent reported delivery.

Medium

Governance and key-person change

Connect management transitions, related parties and auditor observations.

Medium

Coverage

Canonical documents: 11
Annual reports: 3
Financial results: 0
Presentations: 0
Call documents: 0
Coverage checks: 0/0
Open gaps: 0

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