SFL's established track record in the retail finance segment and its experienced management team contribute to the overall stability of the transaction. 3. Financial Performance (SFL Snapshot)
Provisional [ICRA]AAA(SO) Assigned to PTCs Issuer: Sundaram Finance Limited (SFL) Report Date: January 23, 2024 1. Executive Summary 124974
The pool's performance is sensitive to economic cycles affecting the transport sector. SFL's established track record in the retail finance
The outlook on the assigned rating is , reflecting ICRA's expectation that the pool will perform in line with historical trends for SFL-originated portfolios. Alternative Subject: Sigma-Aldrich SDS 124974 Executive Summary The pool's performance is sensitive to
The company maintains a favorable liquidity profile with a well-matched asset-liability maturity structure. 4. Risk Factors & Mitigants
ICRA Limited has assigned a provisional rating of to the Pass-Through Certificates (PTCs) issued by a Special Purpose Vehicle (SPV) created by Sundaram Finance Limited . This rating reflects the highest degree of safety regarding timely servicing of financial obligations. 2. Key Rating Drivers