ICRA Limited · Manba Finance Limited: Ratings withdrawn/upgraded for PTCs issued under two-wheeler loan securitisation transactionsICRA Limited · discovered

Agency source

17 Sept 20

ICRA Limited · Manba Finance Limited: Rating withdrawn for PTCs issued under a two wheeler loan securitisation transactionICRA Limited · discovered

Agency source

03 Sept 20

CARE Ratings Limited rating actionCARE Ratings Limited · discovered

Agency source

22 Jun 20

CARE Ratings Limited rating actionCARE Ratings Limited · discovered

Agency source

24 Mar 20

CARE Ratings Limited rating actionCARE Ratings Limited · discovered

Agency source

31 Jan 20

ICRA Limited · Manba Finance Limited: Ratings upgraded for PTCs issued under two-wheeler loan securitisation transactionICRA Limited · discovered

Agency source

28 Nov 19

ICRA Limited · Manba Finance Limited: ICRA confirms ratings for pass through certificates (PTCs) issued two-wheeler loan securitisation transaction â Northern ARC 2019 2W GaladrielICRA Limited · discovered

Agency source

03 Oct 19

ICRA Limited · Manba Finance Limited: Provisional [ICRA]A(SO)/Provisional [ICRA]BBB+(SO) ratings assigned to PTCs issued under two-wheeler loan securitisation transaction â Northern ARC 2019 2W GaladrielICRA Limited · discovered

Agency source

05 Apr 19

CARE Ratings Limited rating actionCARE Ratings Limited · discovered

Agency source

20 Feb 19

ICRA Limited · Manba Finance Limited: Ratings confirmed for pass through certificates (PTCs) issued by Northern ARC 2019 CV Bloom, as finalICRA Limited · discovered

Agency source

30 Jan 19

ICRA Limited · Manba Finance Limited: ICRA assigns provisional ratings to pass through certificates (PTCs) issued under a two wheeler loan securitisation transaction Northern ARC 2019 CV BloomICRA Limited · discovered

Agency source

05 Jun 18

CARE Ratings Limited rating actionCARE Ratings Limited · discovered

Agency source

06 Apr 18

CARE Ratings Limited rating actionCARE Ratings Limited · discovered

Agency source

27 Jan 17

CARE Ratings Limited rating actionCARE Ratings Limited · discovered

Agency source

25 Apr 16

CARE Ratings Limited · CARE reaffirms the rating assigned to the long term bank facilities of Manba Finance LtdCARE Ratings Limited · discovered

Agency source

12 May 15

CARE Ratings Limited · CARE revises rating assigned to the bank facilities of Manba Finance Ltd.CARE Ratings Limited · discovered

Agency source

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: 6
Annual reports: 0
Financial results: 0
Presentations: 0
Call documents: 0
Coverage checks: 0/0
Open gaps: 0

Ticker research deskMANBA dossier context attached

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