RATING RATIONALE
13Jan2025
Trident Educational Trust
Brickwork Ratings reaffirms the ratings for the Bank Loan Facilities of Rs. 6.03 Crs. of Trident Educational Trust based on best available information, as the issuer did not cooperate.
Particulars| Facilities** | Amount (Rs.Crs.) | Tenure | Rating# | ||
|---|---|---|---|---|---|
| Previous | Present | Previous (28 Dec 2023) |
Present | ||
| Fund Based | 6.03 | 6.03 | Long Term |
BWR D
Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed |
BWR D
Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed |
| Grand Total | 6.03 | 6.03 | (Rupees Six Crores and Three lakhs Only) | ||
**Details of Bank Loan facilities,consolidation or instruments are provided in Annexure
*Issuer did not cooperate; based on best available information.
LIMITATIONS OF THE RATING
<p>Information availability risk is a key factor in the assessment of credit risk as generally, non-cooperation by the rated entities to provide required information for a review of the assigned rating may also be accompanied by financial stress. Users of the credit rating should therefore take into account possible deterioration in the credit quality of the rated entity arising from its non-transparency withholding of information required for a review of the rating.</p>
Please refer to the following link for the previous detailed rationale that captures the Key Financials Drivers and their Description, Liquidity Position. Rating Sensitivities, Key Financial Indicators. View Previous Document
Not Applicable
RATING HISTORY FOR THE PREVIOUS THREE YEARS (including withdrawal and suspended)| Facilities | Current Rating (2025) | 2024 | 2023 | 2022 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Type | Tenure | Amount (Rs.Crs.) |
Rating | Date | Rating | Date | Rating | Date | Rating |
| Fund Based | LT | 6.03 |
BWR D
(Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed) |
NA |
NA
|
28Dec2023 |
BWR D
(Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed) |
10Nov2022 |
BWR D
(ISSUER NOT COOPERATING* /Reaffirmation) |
| Grand Total | 6.03 | (Rupees Six Crores and Three lakhs Only) | |||||||
- General Criteria
- Approach to Financial Ratios
- Default Recognition and Default Curing Period
- What Constitutes Non-Cooperation
- Education Sector
| Analytical Contacts | |
|---|---|
|
Priyanka S Ratings Analyst priyanka.s@brickworkratings.com |
Ambarish HN Senior Manager - Ratings ambarish.hn@brickworkratings.com |
| 1-860-425-2742 | media@brickworkratings.com | |
| SL.No. | Name of the Bank/Lender | Type Of Facilities | Long Term(Rs.Crs.) | Short Term(Rs.Crs.) | Total(Rs.Crs.) | Complexity of the Instrument |
|---|---|---|---|---|---|---|
| 1 | Punjab National Bank | Term Loan | 6.03 | _ | 6.03 | Simple## |
| Total | 6.03 | 0.00 | 6.03 | |||
| TOTAL (Rupees Six Crores and Three lakhs Only) | ||||||
##value
value
value
The Rating Rationale is sent to you for the sole purpose of dissemination through your print, digital or electronic media. While it may be used by you acknowledging credit to BWR, please do not change the wordings in the rationale to avoid conveying a meaning different from what was intended by BWR. BWR alone has the sole right of sharing (both direct and indirect) its rationales for consideration or otherwise through any print or electronic or digital media.
About Brickwork RatingsBrickwork Ratings (BWR), a Securities and Exchange Board of India [SEBI] registered Credit Rating Agency and accredited by Reserve Bank of India [RBI], offers credit ratings of Bank Loan, Non- convertible / convertible / partially convertible debentures and other capital market instruments and bonds, Commercial Paper, perpetual bonds, asset-backed and mortgage-backed securities, partial guarantees and other structured / credit enhanced debt instruments, Security Receipts, Securitization Products, Municipal Bonds, etc. BWR has rated over 11,560 medium and large corporates and financial institutions’ instruments. BWR has also rated NGOs, Educational Institutions, Hospitals, Real Estate Developers, Urban Local Bodies and Municipal Corporations. BWR has Canara Bank, a leading public sector bank, as one of the promoters and strategic partner.
Disclaimervalue