Ind-Ra Withdraws PTC India’s Ratings

Ind-Ra-New Delhi-24 June 2015: India Ratings and Research (Ind-Ra) has withdrawn the ‘IND A1+(suspended)’ rating on PTC India Limited’s (PTC) INR1bn short-term debt/commercial paper programme and INR5bn short-term non-fund based limits.

The rating has been withdrawn due to lack of adequate information.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

Ind-Ra
suspended PTC’s rating on 22 December 2014.

Contacts:
Primary Analyst
Vivek Jain
Associate Director
+91 11 4356 7249
India Ratings and Research Pvt Ltd
6th Floor Prakashdeep Building
7 Tolstoy Marg
Connaught Place, New Delhi 110001

Secondary Analyst
Vikash Anand
Analyst
+91 11 4356 7276

Committee Chairperson
Salil Garg
Director
+91 11 4356 7244

Media Relations: Mihir Mukherjee, Mumbai, Tel: +91 22 4035 6121, Email: mihir.mukherjee@indiaratings.co.in.

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

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.

Applicable criteria, ‘Corporate Rating Methodology’, dated 12 September 2012, are available at
www.indiaratings.co.in.

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India Ratings & Research (India Ratings) has six rating offices located at Mumbai, Delhi, Chennai, Kolkata, Bangalore and Hyderabad. India Ratings is recognised by Reserve Bank of India, Securities Exchange Board of India (SEBI) and National Housing Bank.

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