CRISIL ratings for Indian debt instruments-Feb 15

Fri Feb 15, 2013 12:59pm IST

Feb 15 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of February 14, 2013.


COMPANY                                 INSTRUMENT            RATING       AMOUNT  MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------       -----   ---------
SHORT TERM RATINGS:
-------------------
Aakriti Constructions and               BG                    CRISIL A4+   85      Reaffirmed
Developments Ltd
Able Group Trading Contractors          BG                    CRISIL A4    15      Assigned
Avtar and Company                       BG                    CRISIL A4+   25      Assigned
Eastern Piling and Construction Pvt     BG                    CRISIL A4    50      Reaffirmed
Ltd
Inyati Footwears Ltd                    LOC                   CRISIL A3+   15      Reaffirmed
Joharilal Agarwala Sales Pvt Ltd        BG                    CRISIL A4+   50      Suspended
KLJ Poly Alloys                         BG                    CRISIL A1    10      Placed on
                                                              Notice of            Notice of
                                                              Withdrawal           Withdrawal 
KLJ Poly Alloys                         LOC                   CRISIL A1            Placed on
                                                              Notice of            Notice of
                                                              Withdrawal           Withdrawal 
KPIT Cummins Infosystems Ltd            BG                    CRISIL A1+   20      Assigned
Kumaragiri Spinners Ltd                 BG                    CRISIL A4    7       Upgraded
                                                                                   from
                                                                                   CRISIL D
Ludhiana Beverages Pvt Ltd              BG                    CRISIL A1    2.5     Reaffirmed
Ludhiana Beverages Pvt Ltd              LOC                   CRISIL A1    2.5     Reaffirmed
Lanco Amarkantak Power Ltd              LOC                   CRISIL D     340     Downgraded
                                                                                   from
                                                                                   CRISIL A4+
Lanco Amarkantak Power Ltd              BG                    CRISIL D     340     Downgraded
                                                                                   from
                                                                                   CRISIL A4+
Lanco Amarkantak Power Ltd              BG*                   CRISIL D     680     Downgraded
                                                                                   from
                                                                                   CRISIL A4+
*Fungible with letter of credit
Magnum Clothing Pvt Ltd                 Bill Purchase -       CRISIL A4    100     Reaffirmed
                                        Discounting Fac
Magnum Clothing Pvt Ltd                 LOC                   CRISIL A4    30      Reaffirmed
Magnum Clothing Pvt Ltd                 Packing Credit        CRISIL A4    30      Reaffirmed
Magnum Clothing Pvt Ltd                 Post Shipment         CRISIL A4    5       Reaffirmed
                                        Credit*
* Advance against Duty Drawback
Manpho Exports                          LOC                   CRISIL A4    5       Reaffirmed
Mastek Ltd                              LOC                   CRISIL A1    100**   Notice of
                                                                                   Notice of
                                                                                   Withdrawal
**Interchangeable with bank guarantee
Mayfair Hotels & Resorts Ltd            BG                    CRISIL A4+   10      Reaffirmed
Model Tanners (India) Pvt Ltd           LOC                   CRISIL A3+   66      Reaffirmed
Neuland Laboratories Ltd                BG                    CRISIL A4    10      Upgraded
                                                                                   from
                                                                                   CRISIL D
Neuland Laboratories Ltd                Bill Discounting      CRISIL A4    100     Upgraded
                                                                                   from
                                                                                   CRISIL D
Needs Sri Sai Traders Pvt Ltd           BG                    CRISIL D     30      Downgraded
                                                                                   from
                                                                                   CRISIL A4+
Needs Sri Sai Traders Pvt Ltd           LOC                   CRISIL D     30      Downgraded
                                                                                   from
                                                                                   CRISIL
A4+Pearl Global Industries Ltd             LOC                   CRISIL A3    1250    Assigned
Pearl Global Industries Ltd             Bill Discounting      CRISIL A3    520     Assigned
Pearl Global Industries Ltd             Export Packing        CRISIL A3    630     Assigned
                                        Credit
Phoenix Foils Pvt Ltd                   LOC                   CRISIL A4+   90      Assigned
Phoenix Foils Pvt Ltd                   Proposed LOC          CRISIL A4+   40      Assigned
Prasam Exports                          Packing Credit        CRISIL A4+   25      Assigned
PSR Elecon Pvt Ltd                      BG                    CRISIL A4+   70      Reaffirmed
Radharaman Plywood Industries Pvt       BG                    CRISIL A4+   2       Reaffirmed
Ltd
Radharaman Plywood Industries Pvt       Foreign LOC           CRISIL A4+   40      Reaffirmed
Ltd
Radhika Exports                         Bill Purchase -       CRISIL A4+   100     Reaffirmed
                                        Discounting Fac
Radhika Exports                         Packing Credit        CRISIL A4+   75.0*   Reaffirmed
*Fully interchangeable with bills discounting facility
Rama Phosphates Ltd                     LOC                   CRISIL A3    220     Upgraded
                                                                                   from
                                                                                   CRISIL A4+
Rasi Nutri Foods                        BG                    CRISIL A3+   30      Downgraded
                                                                                   from
                                                                                   CRISIL A2
Shashi Timber & Plywood Industries      BG                    CRISIL A4+   1       Reaffirmed
Pvt Ltd
Shashi Timber & Plywood Industries      Foreign LOC           CRISIL A4+   25      Reaffirmed
Pvt Ltd
Sri Vela Smelters Pvt Ltd               LOC                   CRISIL A4+   140     Reaffirmed
Style N Supply Pvt Ltd                  BG                    CRISIL A4    5       Reaffirmed
Techno Electric & Engg Co Ltd           BG@                   CRISIL A1+   1600    Assigned
@ Rs.600 Million interchangeable with Rs.100 Million of Letter of Credit and
 Rs.50 Million of Overdraft limit
Techno Electric & Engg Co Ltd           Bill Discounting$     CRISIL A1+   15      Assigned
$ Interchangeable with Letter of Credit
Techno Electric & Engg Co Ltd           LOC & BG              CRISIL A1+   5383.5  Assigned
Techno Electric & Engg Co Ltd           ST Loan#              CRISIL A1+   250     Assigned
# Rs.50 Million interchangeable with Letter of Credit, Bank Guarantee
Techser Power Solutions Pvt Ltd         BG                    CRISIL A3    35      Reaffirmed
Techser Power Solutions Pvt Ltd         LOC                   CRISIL A3    30      Reaffirmed
Tirupati Plywood Industries             BG                    CRISIL A4+   3       Reaffirmed
Tirupati Plywood Industries             Foreign LOC           CRISIL A4+   45      Reaffirmed
TSS Projects and Industries Pvt Ltd     Export Packing        CRISIL A4    230     Suspended
                                        Credit*
* Also Foreign Bill Discounting facility available
TSS Projects and Industries Pvt Ltd     Foreign LOC**         CRISIL A4    80      Suspended

**Also Indian Letter of Credit facility available
Vallabh Fabriks Ltd                     LOC*                  CRISIL A4+   2.5     Reaffirmed
* Bank Guarantee limit of Rs.2 Million is a sub-limit of Letter of Credit limit.
Versatile Mobile Distributors Pvt       BG                    CRISIL A4    20      Assigned
Ltd


LONG TERM RATINGS:
-------------------
Aakriti Constructions and               CC                    CRISIL BB-   440     Downgraded
Developments Ltd                                                                   from
                                                                                   CRISIL BB-
Able Group Trading Contractors          CC                    CRISIL B     55      Assigned
Avtar and Company                       Secured Overdraft     CRISIL BB+   29.1    Assigned
                                        Fac
Avtar and Company                       Proposed Long -       CRISIL BB+   15.9    Assigned
                                        Term Bk Loan Fac
Avtar and Company                       CC                    CRISIL BB+   30      Assigned
Chhavan Engineering Works               Overdraft Fac         CRISIL B     55      Assigned
Chhavan Engineering Works               Proposed LT Bk        CRISIL B     32.5    Assigned
                                        Loan Fac
Eastern Piling and Construction Pvt     CC                    CRISIL B+    50      Reaffirmed
Ltd
Godavari Edible Bran Oil Ltd            CC                    CRISIL B+    200     Suspended
Godavari Edible Bran Oil Ltd            LT Loan               CRISIL B+    72      Suspended
Grameen Financial Services Pvt Ltd      Series A1 PTCsß       CRISIL A+(SO)100     Upgraded
-Arktos IFMR Capital 2012                                                          from CRISIL
                                                                                   AA-(SO)
ßSeries A1 PTCs are entitled to receive interest on fortnightly basis.
There is an expected schedule for principal repayments for Series A1 PTCs; however,
the structure allows for principal payments to be made by maturity date of the PTCs
(ultimate payment structure).
Grameen Financial Services Pvt Ltd      Series A2 PTCsß       CRISIL A+(SO)10.9    Upgraded
-Arktos IFMR Capital 2012                                                          from CRISIL
                                                                                   AA-(SO)
ßSeries A1 PTCs are entitled to receive interest on fortnightly basis.
There is an expected schedule for principal repayments for Series A1 PTCs; 
however, the structure allows for principal payments to be made by maturity date 
of the PTCs (ultimate payment structure).
Grameen Financial Services Pvt Ltd      Senior Assignee       CRISIL AAA(SO)199.3$ Upgraded
-Chiron IFMR Capital 2012               Payouts@                                   from CRISIL
                                                                                   AA+(SO)
$Additionally, Rs.67.8 million and Rs.55.9 million in the form of subordination 
of cash flows, expected to be collected over and above the scheduled payouts
promised to the Senior Assignee payouts and Junior Assignee payouts,
respectively, also provide credit support to the same.
@ The Senior Assignee is entitled to receive interest on a fortnightly basis.
There is an expected schedule for principal repayments for the Senior Assignee 
payouts and Junior Assignee payouts; however, the structure allows for principal 
payments to be made by the legal final maturity date
of the payouts (ultimate payment structure)
Grameen Financial Services Pvt Ltd      Junior Assignee       CRISIL AAA(SO)11.9    Upgraded
-Chiron IFMR Capital 2012               Payouts@                                    from  
                                                                                    CRISIL
                                                                                    AA+(SO)
@The Senior Assignee is entitled to receive
interest on a fortnightly basis. There is an expected schedule for principal 
repayments for the Senior Assignee payouts and Junior Assignee payouts;
however, the structure allows for principal payments to be made by the 
legal final maturity date of the payouts (ultimate payment structure)
Grameen Financial Services Pvt Ltd      Series A1 PTCsß       CRISIL AAA(SO)158.6  Upgraded
-Gaia IFMR Capital 2012                                                            from CRISIL
                                                                                   AA(SO)
ßSeries A1 PTCs are entitled to receive interest on fortnightly basis. 
There is an expected schedule for principal repayments for Series A1 PTCs; 
however, the structure allows for principal payments to be made by maturity 
date of the PTCs (ultimate payment structure). 
Grameen Financial Services Pvt Ltd      Series A1 PTCsß       CRISIL AAA(SO)29.7   Upgraded
-Gaia IFMR Capital 2012                                                            from CRISIL
                                                                                   AA(SO)
ßSeries A1 PTCs are entitled to receive interest on fortnightly basis. 
There is an expected schedule for principal repayments for Series A1 PTCs;
however, the structure allows for principal payments to be made by maturity 
date of the PTCs (ultimate payment structure).*Additionally, Rs.68.5 million 
and Rs.38.7 million in the form of subordination of cash flows, expected to be 
collected over and above the scheduled payouts promised to the Series A1 PTCs
 and Series A2 PTCs, respectively, also provide credit support to the same.
Indiabulls Income Fund                  Indiabulls Income     CRISIL AAAmfs-       Assigned
                                        Fund
Inyati Footwears Ltd                    Bill Discounting      CRISIL BBB   60      Reaffirmed
Inyati Footwears Ltd                    Export Packing        CRISIL BBB   30      Reaffirmed
                                        Credit
Inyati Footwears Ltd                    Proposed LT Bk        CRISIL BBB   30      Reaffirmed
                                        Loan Fac
Joharilal Agarwala Sales Pvt Ltd        CC                    CRISIL BB+   160     Suspended
Kerala Cars Pvt Ltd                     CC                    CRISIL BB+   30      Assigned
Kerala Cars Pvt Ltd                     Inventory Funding     CRISIL BB+   229.8   Assigned
                                        Fac
Kerala Cars Pvt Ltd                     LT Loan               CRISIL BB+   21.7    Assigned
KLJ Poly Alloys                         CC                    CRISIL A     70      Placed on
                                                                                   Notice of
                                                                                   Withdrawal 
KPIT Cummins Infosystems Ltd            CC                    CRISIL AA-   2234.5  Assigned
KPIT Cummins Infosystems Ltd            TL                    CRISIL AA-   1095.5  Assigned
Kumaragiri Spinners Ltd                 CC                    CRISIL B     90      Upgraded
                                                                                   from
                                                                                   CRISIL D
Kumaragiri Spinners Ltd                 LT Loan               CRISIL B     143.6   Upgraded
                                                                                   from
                                                                                   CRISIL D
Ludhiana Beverages Pvt Ltd              CC                    CRISIL A     270*    Reaffirmed
*includes standby line of credit of Rs.20 million
Ludhiana Beverages Pvt Ltd              TL                    CRISIL A     100     Reaffirmed
Magnum Clothing Pvt Ltd                 LT Loan               CRISIL B-    6       Reaffirmed
Magnum Clothing Pvt Ltd                 Proposed LT Bk        CRISIL B-    2.2     Reaffirmed
                                        Loan Fac
Manappuram Finance Ltd                  CC & WC demand loan   CRISIL A+    8000    Reaffirmed
Manappuram Finance Ltd                  Proposed LT Bk        CRISIL A+    1150    Reaffirmed
                                        Loan Fac
Manappuram Finance Ltd                  TL                    CRISIL A+    150     Reaffirmed
Manappuram Finance Ltd                  WC Demand Loan        CRISIL A+    700     Reaffirmed
Manpho Exports                          CC                    CRISIL B-    40      Reaffirmed
Manpho Exports                          Proposed LT Bk        CRISIL B-    20      Reaffirmed
                                        Loan Fac
Mastek Ltd                              CC                    CRISIL A+    40      Notice of
                                                                                   Withdrawal
Mastek Ltd                              CC                    CRISIL A+    60*     Withdrawal
*Interchangeable with Letter of credit and Bank guarantee up to Rs. 60.0 million
Mayfair Hotels & Resorts (Sikkim)       CC                    CRISIL BB    4.4     Downgraded
Pvt Ltd                                                                            from
                                                                                   CRISIL BB+
Mayfair Hotels & Resorts (Sikkim)       Proposed LT Bk        CRISIL BB    10      Downgraded
Pvt Ltd                                 Loan Fac                                   from
                                                                                   CRISIL BB+
Mayfair Hotels & Resorts (Sikkim)       TL                    CRISIL BB    595     Downgraded
Pvt Ltd                                                                            from
                                                                                   CRISIL BB+
Mayfair Hotels & Resorts Ltd            CC                    CRISIL BB    30      Downgraded
                                                                                   from
                                                                                   CRISIL BB+
Mayfair Hotels & Resorts Ltd            TL                    CRISIL BB    960     Downgraded
                                                                                   from
                                                                                   CRISIL BB+
Model Echoes Pvt Ltd                    Foreign Bill          CRISIL BBB   37.5    Reaffirmed
                                        Discounting
Model Echoes Pvt Ltd                    Packing Credit        CRISIL BBB   17.5    Reaffirmed
Model Echoes Pvt Ltd                    Proposed LT Bk        CRISIL BBB   15      Reaffirmed
                                        Loan Fac
Neuland Laboratories Ltd                CC                    CRISIL B+    900     Upgraded
                                                                                   from
                                                                                   CRISIL D
Neuland Laboratories Ltd                Proposed LT Bk        CRISIL B+    986.5   Upgraded
                                        Loan Fac                                   from
                                                                                   CRISIL D
Neuland Laboratories Ltd                TL                    CRISIL B+    603.5   Upgraded
                                                                                   from
                                                                                   CRISIL D
Phoenix Foils Pvt Ltd                   CC                    CRISIL BB-   75      Assigned
Phoenix Foils Pvt Ltd                   Proposed CC           CRISIL BB-   15      Assigned
Phoenix Foils Pvt Ltd                   LT Loan               CRISIL BB-   5.6     Assigned
Phoenix Foils Pvt Ltd                   Proposed LT Loan      CRISIL BB-   49      Assigned
Pioneer Spinning and Weaving Mills      CC                    CRISIL B+    60      Reaffirmed
Ltd
Pioneer Spinning and Weaving Mills      LT Loan               CRISIL B+    20      Reaffirmed
Ltd
Prasam Exports                          Proposed LT Bk        CRISIL BB-   95      Assigned
                                        Loan Fac
Prasam Exports                          CC                    CRISIL BB-   30      Assigned
PSR Elecon Pvt Ltd                      CC                    CRISIL BB-   30      Reaffirmed
Radharaman Plywood Industries Pvt       CC                    CRISIL BB-   20      Reaffirmed
Ltd
Revashankar Gems Ltd                    Packing Credit        CRISIL BB+   171.5   Suspended
Revashankar Gems Ltd                    Post Shipment         CRISIL BB+   278.5   Suspended
                                        Credit
Shashi Timber & Plywood Industries      CC                    CRISIL BB-   20      Reaffirmed
Pvt Ltd
Shashi Timber & Plywood Industries      Proposed LT Bk        CRISIL BB-   4       Reaffirmed
Pvt Ltd                                 Loan Fac
Sri Vela Smelters Pvt Ltd               CC                    CRISIL BB-   270     Reaffirmed
Sri Vela Smelters Pvt Ltd               LT Loan               CRISIL BB-   12.5    Reaffirmed
Style N Supply Pvt Ltd                  CC                    CRISIL B     85      Reaffirmed
Surinder Sat Agro Foods                 CC                    CRISIL B     60      Reaffirmed
Techno Electric & Engg Co Ltd           CC**                  CRISIL AA-   895     Assigned
** Rs.5 Million interchangeable with WCDL, Short Term Loan and FCNRB Loan and Export Credit
Techno Electric & Engg Co Ltd           Overdraft Fac         CRISIL AA-   5       Assigned
Techno Electric & Engg Co Ltd           Proposed LT Bk        CRISIL AA-   611.5   Assigned
                                        Loan Fac
Techno Electric & Engg Co Ltd           WC Demand Loan^       CRISIL AA-   400     Assigned
^ Fully interchangeable with Letter of Credit, Buyer's Credit and
 Rs. 200 million interchangeable with Bank Guarantee
Techno Electric & Engg Co Ltd           WC Demand Loan        CRISIL AA-   200     Assigned
Tirupati Plywood Industries             CC                    CRISIL BB-   40      Reaffirmed
TSS Projects and Industries Pvt Ltd     CC                    CRISIL B     20      Suspended
Vallabh Fabriks Ltd                     CC                    CRISIL BB+   30      Reaffirmed
Vallabh Fabriks Ltd                     Proposed LT Bk        CRISIL BB+   33.5    Reaffirmed
                                        Loan Fac
Vallabh Fabriks Ltd                     TL                    CRISIL BB+   24      Reaffirmed
Versatile Mobile Distributors Pvt       CC                    CRISIL B+    50      Assigned
Ltd
Yash Automotive Pvt Ltd                 CC                    CRISIL B+    180     Downgraded
                                                                                   from
                                                                                   CRISIL BB-
Yash Automotive Pvt Ltd                 Proposed CC Limit     CRISIL B+    5.7     Downgraded
                                                                                   from
                                                                                   CRISIL BB-
Yash Automotive Pvt Ltd                 TL                    CRISIL B+    14.3    Downgraded
                                                                                   from
                                                                                   CRISIL BB-
                                        CC                    CRISIL BBB   150     Downgraded
                                                                                   from
                                                                                   CRISIL 
                                                                                   BBB+
Model Tanners (India) Pvt Ltd           Foreign Bill          CRISIL BBB   250     Reaffirmed
                                        Discounting
Model Tanners (India) Pvt Ltd           Packing Credit        CRISIL BBB   250     Reaffirmed
Model Tanners (India) Pvt Ltd           Proposed LT Bk        CRISIL BBB   264     Reaffirmed
                                        Loan Fac
Rama Phosphates Ltd                     CC                    CRISIL BBB-  500     Upgraded
                                                                                   from
                                                                                   CRISIL BB
Rama Phosphates Ltd                     TL                    CRISIL BBB-  10      Upgraded
                                                                                   from
                                                                                   CRISIL BB
Techser Power Solutions Pvt Ltd         CC                    CRISIL BBB-  80      Reaffirmed
Techser Power Solutions Pvt Ltd         TL                    CRISIL BBB-  5.4     Reaffirmed
Techser Power Solutions Pvt Ltd         Proposed LT Bk        CRISIL BBB-  9.6     Reaffirmed
                                        Loan Fac
A. U. Housing Finance Ltd               CC                    CRISIL BBB+  120     Reaffirmed
A. U. Housing Finance Ltd               TL                    CRISIL BBB+  1030    Reaffirmed
A. U. Housing Finance Ltd               Proposed LT Bk        CRISIL BBB+  600     Reaffirmed
                                        Loan Fac
Ayush Hospital & Trauma Care Pvt Ltd    TL                    CRISIL D     94.5    Reaffirmed
Shri Raghu Nath Rai Memorial            Overdraft Fac         CRISIL D     40      Downgraded
Educational & Charitable Trust                                                     from
                                                                                   CRISIL B-
Shri Raghu Nath Rai Memorial            TL                    CRISIL D     410.9   Downgraded
Educational & Charitable Trust                                                     from
                                                                                   CRISIL B-
Needs Sri Sai Traders Pvt Ltd           CC                    CRISIL D     260     Downgraded
                                                                                   from
                                                                                   CRISIL BB-
JSR Developers Pvt Ltd                  TL                    CRISIL D     90      Assigned
V & V Pharma Industries                 CC                    CRISIL D     10      Assigned
V & V Pharma Industries                 Export Packing        CRISIL D     15      Assigned
                                        Credit
V & V Pharma Industries                 LT Loan               CRISIL D     71.4    Assigned
Ankur Barter Pvt Ltd                    BG                    CRISIL D     30      Suspended
Ankur Barter Pvt Ltd                    CC                    CRISIL D     20      Suspended
Ankur Barter Pvt Ltd                    Proposed LT Bk        CRISIL D     150     Suspended
                                        Loan Fac
Lanco Amarkantak Power Ltd              LT Loan               CRISIL D     79047   Downgraded
                                                                                   from
                                                                                   CRISIL BB
Lanco Amarkantak Power Ltd              CC                    CRISIL D     830     Downgraded
                                                                                   from
                                                                                   CRISIL BB
Lanco Amarkantak Power Ltd              CC                    CRISIL D     830     Downgraded
                                                                                   from
                                                                                   CRISIL BB
Lanco Amarkantak Power Ltd              Proposed LT Bk        CRISIL D     6       Downgraded
                                        Loan Fac                                   from
                                                                                   CRISIL BB
Aglar Power Ltd                         BG                    CRISIL D     15      Suspended
Aglar Power Ltd                         LT Loan               CRISIL D     151.4   Suspended
Aglar Power Ltd                         Proposed-TL           CRISIL D     193.6   Suspended
Milico International Ltd                CC                    CRISIL D     20      Suspended
Milico International Ltd                LOC                   CRISIL D     30      Suspended
Milico International Ltd                Rupee TL              CRISIL D     60      Suspended
Mascot Impex (P) Ltd                    CC                    CRISIL D     40      Suspended
Mascot Impex (P) Ltd                    LOC                   CRISIL D     60      Suspended
Mascot Impex (P) Ltd                    Line of Credit        CRISIL D     8       Suspended
Mascot Impex (P) Ltd                    Proposed LT Bk        CRISIL D     42      Suspended
                                        Loan Fac
Saha & Sarkar Saw Mill (P) Ltd          CC                    CRISIL D     60      Suspended
Saha & Sarkar Saw Mill (P) Ltd          LOC                   CRISIL D     104.5   Suspended
Saha & Sarkar Saw Mill (P) Ltd          Line of Credit        CRISIL D     15      Suspended
Saha & Sarkar Saw Mill (P) Ltd          Proposed LT Bk        CRISIL D     70.5    Suspended
                                        Loan Fac
Birendra Chandra Saha                   CC                    CRISIL D     60      Suspended
Birendra Chandra Saha                   LOC                   CRISIL D     104.5   Suspended
Birendra Chandra Saha                   Line of Credit        CRISIL D     15      Suspended
Birendra Chandra Saha                   Proposed LT Bk        CRISIL D     70.5    Suspended
                                        Loan Fac
--------------------------------------------------------------------------------------------
$: 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

CRISIL may apply + or - signs for ratings to reflect a comparative standing within the category.

BG-Bank Guarantee; CC-Cash Credit; 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 6180 7222 / 3317 7222 , E-mail at
rru.data@thomsonreuters.com)
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Diplomacy

REUTERS SHOWCASE

Maruti Results

Maruti Results

Maruti Suzuki says profits helped by sentiment, not growth.  Full Article 

Tracking the Monsoon

Tracking the Monsoon

Monsoon turns patchy after revival.  Full Article 

ICICI Profit Up

ICICI Profit Up

ICICI Bank Q1 net profit up 17 percent, beats estimates.  Full Article 

Pharma Sector

Pharma Sector

FDA raises concern over drug production process at Cadila  Full Article 

Coal India

Coal India

Some Coal India mines may be run by foreign firms - minister  Full Article 

Fuel Prices

Fuel Prices

IOC to cut petrol prices by 1.5 pct from Friday  Read 

Economic Pulse

Economic Pulse

India's infrastructure output growth hits 9-month high in June  Full Article | Related Story 

Joint Bid

Joint Bid

ONGC, Oil India bid $1.5 bln for stake in Murphy Oil's Malaysia assets - sources  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage