ICRA ratings for Indian debt instruments-Nov 9

Tue Nov 9, 2010 3:17pm IST

 Nov 9 (Reuters) - Below are the ratings awarded by
Investment Information Credit Rating Agency Ltd. (ICRA) for
local debt instruments as of November 8, 2010. COMPANY         
                    INSTRUMENT            
  RATING   AMOUNT  MOVEMENT
       (RS.MLN) ------                                 
----------            
  ------   -----   --------- SHORT TERM RATINGS:
------------------- Ambuthirtha Power Pvt Ltd              
Non-FB Bank Facilities
A3      17.8    Upgraded
                from A4+ Nahar Capital and Financial
Services Ltd                            STD/CP                
A1      250     Assigned North Delhi Power Ltd              
 Non-FB Limit          
A1+     4000    Reaffirmed North Delhi Power Ltd            
   CP Programme          
A1+     2300    Reaffirmed North Delhi Power Ltd            
   PTC Series Series A1  
A1+(SO) 122.5 CLSS 7 Trust 2010 Parakh Agro Industries Ltd  
        Bank Lines (Non-FB)   
A3+     590     Assigned SMR Automotive Systems India Ltd   
 Bank Lines (Non-FB)   
A3+     590     Assigned Sri Lakshmi Narsimha Spinning Mills
 ST Loan               
A4      8.6     Assigned (India) Pvt Ltd Sri Lakshmi
Narsimha Spinning Mills     Bank Guarantee        
A4      8.5     Assigned (India) Pvt Ltd Transport
Corporation of India Ltd      CP/STD Programme      
A1+     1500    Assigned (Enhanced from Rs. 120 crore) Vijai
Infrastructure Ltd                NFB Limits            
A2+     575     Revised
                from A2 Vijai Infrastructure Ltd            
NFB Limits            
A2+     770     Reaffirmed LONG TERM RATINGS:
------------------- Ambuthirtha Power Pvt Ltd               FB
Bank Facilities/   
LBBB-   556.1   Upgraded
                                     LT Loans
                from LBB+ Juhi Alloys Ltd                   
  FB Limits             
LBB+    110     Revised
                from LBBB_ North Delhi Power Ltd            
   Term Loans Programme  
LAA-    20750   Downgraded
                from LAA North Delhi Power Ltd              
 FB Limit              
LAA-    1450    Downgraded
                from LAA North Delhi Power Ltd CLSS         
 PTC Series Series A   
LAA(SO) 1250.1 15 Trust 2011 North Delhi Power Ltd CLSS     
     PTC Series Series A   
LAA(SO) 617 2 Trust 2011 North Delhi Power Ltd CLSS         
 PTC Series Series B   
LAA(SO) 925.3 2 Trust 2011 North Delhi Power Ltd CLSS       
   PTC Series Series A2  
LAA(SO) 394.1 7 Trust 2010 North Delhi Power Ltd CLSS       
   PTC Series Series A3  
LAA(SO) 725 7 Trust 2010 North Delhi Power Ltd CLSS         
 PTC Series Series A4  
LAA(SO) 310.4 7 Trust 2010 North Delhi Power Ltd CLSS       
   PTC Series Series A   
LAA(SO) 628.4 8 Trust 2010 North Delhi Power Ltd CLSS       
   PTC Series Series B   
LAA(SO) 626.9 8 Trust 2010 Parakh Agro Industries Ltd       
   Bank Lines (Term Loan)
LBBB    680     Assigned Parakh Agro Industries Ltd         
 Bank Lines (Cash-Credit)   LBBB    1100    Assigned SMR
Automotive Systems India Ltd        Bank Lines (Term Loan)
LBBB    680     Assigned SMR Automotive Systems India Ltd   
 Bank Lines (Cash-Credit)   LBBB    1100    Assigned Soham
Mannapitlu Power Pvt Ltd          LT Loans              
LB      544     Downgraded
                from LB+ Sri Lakshmi Narsimha Spinning      
 FB Limits             
LBB-    163.8   Assigned Mills (India) Pvt Ltd Sri Lakshmi
Narsimha Spinning           Non FB Limits         
LBB-    60      Assigned Mills (India) Pvt Ltd Vijai
Infrastructure Ltd                FB And Non FB Limits  
LBBB+   2425    Revised
                from LBBB Vijai Infrastructure Ltd          
  FB And Non FB Limits  
LBBB+   230     Reaffirmed Vijayalakshmi Spintex Ltd        
   FB Limits             
LBB-    90      Assigned Vijayalakshmi Spintex Ltd          
 TL                    
LBB-    56.9    Assigned Vijayalakshmi Spintex Ltd          
 Non FB Limits         
LBB-    2.5     Assigned Vijayneha Polymers Pvt Ltd         
 FB Limits             
LBB+    163.8   Assigned Vijayneha Polymers Pvt Ltd         
 Non FB Limits         
LBB+    60      Assigned
----------------------------------------------------------------
 ----------------------------$: Rating watch with positive
implication #: Rating Watch with Developing implications @:
Rating Watch with Negative Implications %: Rating under Credit
Watch wd -Rating Stands Withdrawn sp -Rating Suspended pp
-Principal Protected pn -Principal Not Protected ICRA may apply
+ or - signs for ratings to reflect a comparative standing
within the category. BG-Bank Guarantee; CCPS-Cumulative
Convertible Preference Share; CD-Certificate of Deposit;
CLO-Collateralized Loan Obligation; CPA-Claims Paying Ability;
CP-Commercial Paper; CPS-convertible preference shares; CRPS-
Cumulative Redeemable Convertible Preference shares; DDB-Deep
Discount Bond; EPBI-Exchange premium bond; FBL-Fund Based
Limits; FRB/FRN -Floating Rate Bond/Note; ICD -Inter Corporate
Deposit; ITD-Immediate Term Debt; LOC-Letter of Credit; LT
-Long Term; LTB -Long Term Borrowing; LTD -Long Term Debt;
MOCD-multiple option convertible debenture; MTD -Medium term
Debenture; MTN-medium term notes; NCD(SO) - Non-Convertible
Debenture-(Structured Obligation); NCD-Non-convertible
Debentures; NCRB-Non Convertible Redeemable Bonds; NM-Not
Meaningful; OCD-optionally convertible debenture; OD-Over
Draft; OFCD-Optionally Fully Convertible Debenture;
PCD-Partially Convertible Debenture; PCN-partly convertible
notes; PCPS-Partly Convertible Preference Share; POCD-partly
optional; PP-privately placed; PSPC-Post Shipment & Packing
Credit; PS-Preference Shares; PTC-Pass Through Certificates;
RPS-Redeemable Preference Shares; SCPN-secured convertible
preference notes; SDO-Structured Debt Obligation; SLR-Statutory
Liquidity Ratio; SO-Structured Obligation; SPCD - Secured
Partly Convertible Debentures; SPN-secured premium notes;
STB-Short Term Bond; STD-Short Term Debentures; ST-Short Term;
Sub. Bonds-Subordinate Bonds; TB-Taxable Bond; TFB-Tax Free
Bond; TL-Term Loan; TOCD-triple option convertible debentures.
(Mumbai Rate Reporting Unit + 91 22 6636 9222, E-mail at
rru.data@reuters.com) 
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