124974 -

The provisional rating is based on the strength of the cash flows from the selected pool of contracts, which primarily consist of commercial vehicle or car loans.

If you are instead referring to a or an SEC Form ADV (124974) , please let me know. Report: ICRA Provisional Rating Rationale (124974)

The rating is supported by a robust credit enhancement structure, including a cash collateral and subordination of the equity piece (if applicable). 124974

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

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) The provisional rating is based on the strength

For detailed handling, storage, and first-aid instructions, refer to the official Sigma-Aldrich SDS portal .

Historically, SFL has maintained superior asset quality compared to industry peers in the non-banking financial company (NBFC) sector. ICRA Limited has assigned a provisional rating of

Provisional [ICRA]AAA(SO) Assigned to PTCs Issuer: Sundaram Finance Limited (SFL) Report Date: January 23, 2024 1. Executive Summary