By Tanmoy Dey

India Ratings and Research (Ind-Ra) has withdrawn The Phosphate Company Limited’s (TPCL) Long-Term Issuer Rating of ‘IND B’. The Outlook was Stable. A full list of rating actions is at the end of this commentary.

The ratings have been withdrawn due to lack of adequate information. Ind-Ra will no longer provide ratings or analytical coverage for the company.

TPCL’s ratings are as follows:

- Long-Term Issuer Rating: ‘IND B’; Outlook Stable; rating withdrawn
- INR29 million term loan: ‘IND B’; Outlook Stable; rating withdrawn

- INR180 million fund-based limits: ‘IND B’; Outlook Stable and ‘IND A4’; ratings withdrawn
- INR220 million non-fund-based limits: ‘IND A4’; rating withdrawn

KEY RATING DRIVERS




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. 

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.


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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Applicable Criteria

Analyst Names

  • Primary Analyst

    Tanmoy Dey

    Analyst
    India Ratings and Research Pvt Ltd Room No. 1201, 12th Floor Om Towers 32, Chowringhee Road Kolkata 700 071

    Media Relation

    Satish Nair

    Head - Corporate Affairs and Investor Relations
    +91 22 40001781