Aye Finance Ltd announced rating actions from ICRA Limited and CRISIL, with ICRA upgrading its ratings on Non-Convertible Debentures amounting to Rs 400, Bank Loan Facilities amounting to Rs 650, and Long-term bank facilities amounting to Rs 650 from [ICRA] A (Stable) to [ICRA] A+ (Stable), alongside an assignment of [ICRA] A+ (Stable) to a Non-convertible debenture of Rs 400 to be issued; ICRA also withdrew the rating of [ICRA] BBB+ (Positive) previously assigned to Non-convertible Debentures of Rs 400.00, while CRISIL initially assigned a rating of BBB+ to Non-convertible Debentures, noting that the rating is specific to instrument terms. The company’s equity base includes Rs 710 crore planned for a February 2026 IPO, Rs 250 crore raised in FY2025, and Rs 310 crore raised in FY2024, supporting Assets Under Management (AUM) of Rs 7,044 crore as on March 31, 2026, and Rs 7,597 crore as on September 30, 2026, alongside a Net Worth of approximately Rs 2,695 crore as of September 30, 2026.