Rationale

 ICRA has withdrawn the rating assigned to the bank facilities of Jothi Housing and Mortgage Finance Private Limited (JHMF) at the request of the company and in accordance with ICRA’s policy on the withdrawal of credit ratings. However, ICRA does not have any information to suggest that the credit risk has changed since the time the rating was last reviewed. The key rating drivers, liquidity position, and rating sensitivities have not been captured as the related instrument has been withdrawn.