India Ratings Withdraws Ostro Mahawind Power’s Term Loan Rating

0
98

India Ratings and Research (Ind-Ra) has withdrawn the rating on Ostro Mahawind Power Private Limited’s term loan as follows: 

Instrument TypeDate of IssuanceCoupon Rate (%)Maturity DateSize of Issue (million)RatingRating Action
Term loan30 September 2020INR4,450WDWithdrawn

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 TypeCurrent RatingHistorical Rating/Rating Watch
Rating TypeRated Limits (million)Rating4 September 202012 November 201912 October 2018
Term loanLong-termINR4,450WDIND BBB/RWNIND BBB/RWNIND 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.

Leave a Reply

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