By Ratnam Raju Nakka

India Ratings and Research (Ind-Ra) has migrated the ‘IND A-’ rating on Mokama-Munger Highway Limited’s (MMHL) INR3,550m term loan facility (outstanding amount INR2,174m) to the suspended category. The Outlook was Stable. The rating will now appear as ‘IND A-(suspended)’ on the agency’s website.

The rating has been suspended due to lack of adequate information. Ind-Ra will no longer provide ratings or analytical coverage for MMHL.

The rating will remain in the suspended category for a period of six months and be withdrawn at the end of that period. However, in the event the issuer starts furnishing information during this six-month period, the rating could be reinstated and will be communicated through a rating action commentary.


SOLICITATION DISCLOSURES

Additional information is available at 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. 

R
atings 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. 

PARTICIPATION DISCLOSURES

The issuer did not participate in the rating process, or provide additional information, beyond the issuer’s available public disclosure.

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Analyst Names

  • Primary Analyst

    Ratnam Raju Nakka

    Associate Director
    India Ratings and Research Pvt Ltd Wockhardt Towers, 4th floor, West Wing Plot C-2, G Block. Bandra Kurla Complex Bandra (East), Mumbai 400051
    +91 22 40001742

    Committee Chairperson

    Venkataraman Rajaraman

    Senior Director and Head Infrastructure and Project Finance
    +91 44 43401702

    Media Relation

    Mihir Mukherjee

    Manager Corporate Communications and Investor Relations
    +91 22 40356121