India Ratings Maintains UP Sarila Urja’s Project Term Loan in Non-Cooperating Category

0
81

India Ratings and Research (Ind-Ra) has maintained UP Sarila Urja Private Limited’s project term loan rating in the non-cooperating category. The issuer did not participate in the surveillance exercise despite continuous requests and follow-ups by the agency. Therefore, investors and other users are advised to take appropriate caution while using the rating. The rating will continue to appear as ‘IND B-(ISSUER NOT COOPERATING)’/ Negative on the agency’s website. The detailed rating action is as follows:

Instrument TypeDate of IssuanceCoupon Rate (%)Maturity DateSize of Issue (million)Rating/OutlookRating Action
Project term loan31 December 2035INR2,000IND B-(ISSUER NOT COOPERATING)/NegativeMaintained in non-cooperating category

Note: ISSUER NOT COOPERATING: The ratings were last reviewed on 27 August 2019. Ind-Ra is unable to provide an update, as the agency does not have adequate information to review the ratings.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.