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Entity-Specific Rating Rationales

15 Jul 2025

Ashoka Belgaum Dharwad Tollway Limited: Rating continues on Watch with Developing Implications

Ashoka Belgaum Dharwad Tollway Limited: Rating continues on Watch with Developing Implications

11 Nov 2024

Ashoka Belgaum Dharwad Tollway Limited - Placed on rating watch with developing implications

Ashoka Belgaum Dharwad Tollway Limited - Placed on rating watch with developing implications

16 Jul 2024

Ashoka Belgaum Dharwad Tollway Limited: Ratings reaffirmed

Ashoka Belgaum Dharwad Tollway Limited: Ratings reaffirmed

30 May 2023

Ashoka Belgaum Dharwad Tollway Limited: Rating reaffirmed; removed from Rating Watch with Developing Implications and Stable outlook assigned

Ashoka Belgaum Dharwad Tollway Limited: Rating reaffirmed; removed from Rating Watch with Developing Implications and Stable outlook assigned

17 Apr 2023

Ashoka Belgaum Dharwad Tollway Limited: Continues on Rating watch with developing implication for existing limits; Rated amount enhanced

Ashoka Belgaum Dharwad Tollway Limited: Continues on Rating watch with developing implication for existing limits; Rated amount enhanced

17 Feb 2023

Ashoka Belgaum Dharwad Tollway Limited: Rating continues to be on Watch with Developing Implications

Ashoka Belgaum Dharwad Tollway Limited: Rating continues to be on Watch with Developing Implications

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Entity-Specific Credit Perspective Reports

07 Aug 2025

Ashoka Belgaum Dharwad Tollway Limited

Ashoka Belgaum Dharwad Tollway Limited (Non-SF)

26 Aug 2024

Ashoka Belgaum Dharwad Tollway Limited

Ashoka Belgaum Dharwad Tollway Limited (Non-SF)

03 Jul 2023

Ashoka Belgaum Dharwad Tollway Limited

Ashoka Belgaum Dharwad Tollway Limited (Non-SF)

17 Mar 2023

Ashoka Belgaum Dharwad Tollway Limited

Ashoka Belgaum Dharwad Tollway Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Term Loan -- -- [ICRA]A(CE) Rating Watch with Developing Implications --
Term Loan -- -- [ICRA]BBB Rating Watch with Developing Implications --

Our Analysts

Analyst 1

KBS Siva Krishna

Analyst 2

Vinay Kumar G

Sector Head

Ashish Modani
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