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JM Financial Credit Solutions Limited — Bonds & AA (ICRA) Rating

NBFC · Financial Services

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
AA (ICRA)
Most common current rating on senior bonds
10 of 11 rated · ICRA, 31 Jul 2025
Total Debt Outstanding
₹2,733 Cr
Across 18 instruments
Active Bonds
18
First Issue
7 Jun 2018
Latest Issue
3 Jul 2025
Maturity Range
2027 - 2033
Observation
18 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies

Latest events

Last 90 days · company disclosures to the exchanges and agency announcements. Not our assessment.
  • 28 Aug 2026 New rating assigned to AA CRISIL
Issuer health card 2 items to look at
  • Current ratings ICRA AA, India Ratings AA, ICRA AA-
  • Rating range Current ratings range from AA- (ICRA 30 Jun 2022) to AA (ICRA 31 Jul 2025, India Ratings 30 Jun 2023)
  • 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  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months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 28 Aug 2026
  • Payment record No payment disclosures since 17 Jul 2026
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 0 of 18 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names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility.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.

Alert me about JM Financial Credit Solutions Limited An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.
01 Issuer Overview
Sector
Financial Services
Issuer Type
NBFC
First Tracked Bond
7 Jun 2018
Start of this issuer's debt program timeline
  • 18 active bonds tracked from this issuer.
  • 18 of 18 tracked bonds with a stated security status are secured. (based on 18 bonds with a disclosed security status)
  • Most recent rating action: initial by CRISIL on 28 Aug 2026.

Operating in the Financial Services sector, JM Financial Credit Solutions Limited is classified as an NBFC. Bond coupons here span 8.50% - 10.25%, paid annually. The maturity ladder spans 2027 - 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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02 Debt Profile
Outstanding Bonds
18
Tracked by RetailBonds
Amount Tracked
₹2,733 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 15 of 18 bonds)
Avg Coupon
9.05%
Range 8.50% - 10.25%
Avg Remaining Tenure
3.1 Yrs
Nearest maturity Feb 2027
Secured
100%
18 of 18 bonds with known status
Callable
0
Of 18 bonds

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (7 bonds).

0 2027: 2 bonds, ₹400 Cr tracked, avg coupon 9.15% 2 bonds 2027 2028: 7 bonds, ₹968 Cr tracked, avg coupon 9.24% 7 bonds 2028 2029: 1 bond, ₹400 Cr tracked, avg coupon 9.75% 1 bond 2029 2030: 2 bonds, ₹250 Cr tracked, avg coupon 9.20% 2 bonds 2030 2031: 2 bonds, ₹260 Cr tracked, avg coupon 8.50% 2 bonds 2031 2032: 3 bonds, ₹425 Cr tracked, avg coupon 8.76% 3 bonds 2032 2033: 1 bond, ₹30 Cr tracked, avg coupon 8.60% 1 bond 2033

Security Type / Instrument Mix

  • NCD 18 bonds · 100% · ₹2,733 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2018: ₹268 Cr issued 2018 2019: ₹400 Cr issued 2019 2020: ₹250 Cr issued 2020 2021: ₹290 Cr issued 2021 2022: ₹425 Cr issued 2022 2023: ₹50 Cr issued 2023 2024: ₹350 Cr issued 2024 2025: ₹700 Cr issued 2025 Cumulative: ₹268 Cr Cumulative: ₹668 Cr Cumulative: ₹918 Cr Cumulative: ₹1,208 Cr Cumulative: ₹1,633 Cr Cumulative: ₹1,683 Cr Cumulative: ₹2,033 Cr Cumulative: ₹2,733 Cr

Based on 15 of 18 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03 Credit Profile
  • AA 16 bonds · 89%
  • Unrated 2 bonds · 11%
AgencyRatingOutlookBonds
ICRA AA Stable 8
India Ratings AA Stable 2
ICRA AA- Stable 1
ICRA AA NSDL record — 4
India Ratings AA NSDL record — 1

Recent Rating Actions

28 Aug 2026 · CRISIL
AA
Initial · Stable
NCD Public Issues
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE651J07986 JM Financial Credit Solutions 9.30% Feb 2027 NCD 9.30% AA (ICRA) 2027-02-15 — 2026-09-29
INE651J07937 JM Financial Credit Solutions 9.00% Jun 2027 NCD 9.00% AA (India Ratings) 2027-06-08 — —
INE651J07AB8 JM Financial Credit Solutions 8.50% May 2028 NCD 8.50% AA (ICRA) 2028-05-30 — —
INE651J07622 JM Financial Credit Solutions 9.75% Jun 2028 NCD 9.75% AA (ICRA, NSDL record 2018) 2028-06-07 — —
INE651J07630 JM Financial Credit Solutions 9.34% Jun 2028 NCD 9.34% AA (India Ratings, NSDL record 2018) 2028-06-07 — —
INE651J07994 JM Financial Credit Solutions 8.50% Jun 2028 NCD 8.50% AA (ICRA) 2028-06-13 — —
INE651J07AA0 JM Financial Credit Solutions 8.50% Jun 2028 NCD 8.50% AA (ICRA) 2028-06-28 — —
INE651J07689 JM Financial Credit Solutions 10.25% Dec 2028 NCD 10.25% AA (ICRA, NSDL record 2018) 2028-12-13 — —
INE651J07697 JM Financial Credit Solutions 9.81% Dec 2028 NCD 9.81% AA (ICRA, NSDL record 2018) 2028-12-13 — —
INE651J07721 JM Financial Credit Solutions 9.75% Jul 2029 NCD 9.75% AA (ICRA) 2029-07-18 — —
INE651J07804 JM Financial Credit Solutions 9.20% Nov 2030 NCD 9.20% AA (ICRA) 2030-11-01 — —
IN8651J07019 JM Financial Credit Solutions 9.20% Nov 2030 NCD 9.20% AA (India Ratings) 2030-11-01 — —
INE651J07838 JM Financial Credit Solutions 8.50% Jul 2031 NCD 8.50% AA (ICRA) 2031-07-18 — —
IN8651J07027 JM Financial Credit Solutions 8.50% Jul 2031 NCD 8.50% — 2031-07-18 — —
INE651J07853 JM Financial Credit Solutions 8.99% Jan 2032 NCD 8.99% AA (ICRA) 2032-01-23 — —
INE651J07861 JM Financial Credit Solutions 8.65% May 2032 NCD 8.65% AA- (ICRA) 2032-05-28 — —
IN8651J07035 JM Financial Credit Solutions 8.65% May 2032 NCD 8.65% — 2032-05-28 — —
INE651J07820 JM Financial Credit Solutions 8.60% Mar 2033 NCD 8.60% AA (ICRA, NSDL record 2021) 2033-03-25 — —
Compare (/) Compare Bonds

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.

05 Market Activity

No recorded secondary-market trades in the last 30 days.

06 Regulatory Filings
Credit Rating Rationale
07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 16 2025-07-31
Rating Actions History 1 2026-08-28
Secondary-Market Trades 2 2026-09-29
Reg52(4) Payment Disclosures 0 —

Methodology version 1.0. See full methodology for sources and limitations.

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Frequently Asked Questions
How many active bonds does JM Financial Credit Solutions Limited have?

JM Financial Credit Solutions Limited currently has 18 active bonds with coupons of 8.50% - 10.25%, maturities spanning 2027 - 2033.

What is JM Financial Credit Solutions Limited's credit rating?

The most common current rating on JM Financial Credit Solutions Limited's senior bonds is AA (ICRA). Ratings on file come from ICRA, India Ratings.

Are JM Financial Credit Solutions Limited's bonds secured?

Of the 18 bonds with a disclosed security status, 18 are secured (100%) and 0 are unsecured.

When do JM Financial Credit Solutions Limited's bonds mature?

JM Financial Credit Solutions Limited's active bonds mature between 2027 - 2033; the nearest matures in Feb 2027; the average tenure is 3.1 Yrs.

What is the average coupon on JM Financial Credit Solutions Limited's bonds?

The average coupon across JM Financial Credit Solutions Limited's 18 active bonds is 9.05%.

Disclaimer: This page aggregates publicly available data about JM Financial Credit Solutions 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.