The excess spread including a provision for NPLs which is a trigger to end the Revolving period is close to zero (which is the minimum) at December 2019. However, the revolving period ends on 20 April 2020 which falls within the next reporting period.
The Dashboard covers the period from December 2018 to December 2019 and is part of GCR’s performance monitoring process and does not constitute rating action or rating reports. GCR will update the Dashboards at least on a quarterly basis
The Dashboard exhibits key performance metrics related to the TUHF Urban Finance(RF) Ltd transaction, which include credit enhancement levels, excess spread, defaults, recoveries, prepayments and covenants. Click here for rating reports.