Incred Financial Services Limited — Bonds & AA- (CRISIL) Rating
NBFC · Financial Services
Verify this issuer →- Current ratings CRISIL AA-, ICRA AA-, ICRA AA
- Rating range Current ratings range from A (CRISIL 31 Aug 2021) to AA+ (CRISIL 31 Dec 2025)
- Rating direction, 12 months 0 upgrades, 0 downgrades
- Watch / negative outlook None in 12 months
- Issuer not cooperating No such actions in 12 months
- Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months
- Newest agency rating Dated 1 Oct 2026
- Payment record No payment disclosures since 17 Jul 2026
- Defaults on record No bond marked defaulted
- Traded in the last 30 days 12 of 39 active bonds had an exchange trade
- Exchange filings, 90 days 0 filings on NSE/BSE
A checklist of published facts, not a rating or a view on credit quality. Ratings are the agencies' own; payment record covers NSE disclosures since 17 Jul 2026; "late" means paid more than 3 days after the due date (next-working-day payments are allowed). Rating range covers every current rating on the issuer's active bonds, with each agency's rating date. Rating actions count only when the agency's heading names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility. Rating age uses the newest rating date on file and is flagged when older than 12 months. See methodology.
- 39 active bonds tracked from this issuer.
- 37 of 37 tracked bonds with a stated security status are secured. (based on 37 bonds with a disclosed security status)
- Most recent rating action: reaffirm by CRISIL on 1 Oct 2026.
Operating in the Financial Services sector, Incred Financial Services Limited is classified as an NBFC. Bond coupons here span 8.60% - 10.95%, paid quarterly. The maturity ladder spans 2026 - 2033.
Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.
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Maturity Profile
Active bonds maturing, by year. Bar height relative to the tallest year (13 bonds).
Security Type / Instrument Mix
- NCD 39 bonds · 100% · ₹4,129 Cr tracked
Funding Evolution
Based on 33 of 39 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.
- AA 30 bonds · 77%
- A 3 bonds · 8%
- Unrated 6 bonds · 15%
| Agency | Rating | Outlook | Bonds |
|---|---|---|---|
| CRISIL | AA- | Stable | 11 |
| ICRA | AA- | — | 6 |
| ICRA | AA- | Stable | 5 |
| CRISIL | AA- | — | 3 |
| CRISIL | A | Stable | 1 |
| CRISIL | AA+ | Stable | 1 |
| ICRA | AA | — | 1 |
| ICRA | AA | Stable | 1 |
| India Ratings | AA- | Stable | 1 |
| CRISIL | A+ | — | 2 |
| CRISIL | AA- | — | 1 |
Rating History (Trend)
Recent Rating Actions
YTM is the market yield from the latest BSE/NSE trade. It shows “—” when that trade is over 30 days old, the bond is under 30 days from maturity, it is a market-linked debenture, or the price failed our checks (hover the dash for the reason). A coupon is never shown as a yield.
Last 30 days, across all outstanding bonds from this issuer.
| Dataset | Count | Freshness |
|---|---|---|
| Credit Ratings (current) | 33 | 2026-09-30 |
| Rating Actions History | 5 | 2026-10-01 |
| Secondary-Market Trades | 384 | 2026-11-06 |
| Reg52(4) Payment Disclosures | 0 | — |
Methodology version 1.0. See full methodology for sources and limitations.
Related Issuers
All issuers →How many active bonds does Incred Financial Services Limited have?
Incred Financial Services Limited currently has 39 active bonds with coupons of 8.60% - 10.95%, maturities spanning 2026 - 2033.
What is Incred Financial Services Limited's credit rating?
The most common current rating on Incred Financial Services Limited's senior bonds is AA- (CRISIL). Ratings on file come from CRISIL, ICRA, India Ratings.
Are Incred Financial Services Limited's bonds secured?
Of the 37 bonds with a disclosed security status, 37 are secured (100%) and 0 are unsecured.
When do Incred Financial Services Limited's bonds mature?
Incred Financial Services Limited's active bonds mature between 2026 - 2033; the nearest matures in Nov 2026; the average tenure is 1.7 Yrs.
What is the average coupon on Incred Financial Services Limited's bonds?
The average coupon across Incred Financial Services Limited's 39 active bonds is 9.31%.
Disclaimer: This page aggregates publicly available data about Incred Financial Services Limited for informational purposes only. Ratings shown are the opinion of the issuing rating agency and are not buy/sell recommendations. RetailBonds.in does not issue its own ratings or investment advice. Verify all data against the issuer’s offer document before transacting.