India Ratings and Research (Ind-Ra) has withdrawn the rating on Ostro Mahawind Power Private Limited’s term loan as follows:
| Instrument Type | Date of Issuance | Coupon Rate (%) | Maturity Date | Size of Issue (million) | Rating | Rating Action |
| Term loan | – | – | 30 September 2020 | INR4,450 | WD | Withdrawn |
KEY RATING DRIVERS
Ind-Ra is no longer required to maintain the rating, as the loan has been paid in full.
COMPANY PROFILE
Ostro Mahawind Power was set up to implement a 60MW wind power project at Sattigeri village in Saundatti District, Karnataka, comprising 30 units of 2W wind energy converters at a hub height of 106m and rotor diameter of 114m.
RATING HISTORY
| Instrument Type | Current Rating | Historical Rating/Rating Watch | ||||
| Rating Type | Rated Limits (million) | Rating | 4 September 2020 | 12 November 2019 | 12 October 2018 | |
| Term loan | Long-term | INR4,450 | WD | IND BBB/RWN | IND BBB/RWN | IND BBB/Stable |
COMPLEXITY LEVEL OF INSTRUMENTS
For details on the complexity level of the instruments, please visit https://www.indiaratings.co.in/complexity-indicators.
SOLICITATION DISCLOSURES
Additional information is available at http://www.indiaratings.co.in. The ratings above were solicited by, or on behalf of, the issuer, and therefore, India Ratings has been compensated for the provision of the ratings.
Ratings are not a recommendation or suggestion, directly or indirectly, to you or any other person, to buy, sell, make or hold any investment, loan or security or to undertake any investment strategy with respect to any investment, loan or security or any issuer.
