October 6, 2016 / 4:56 AM / a year ago

CARE ratings for Indian debt instruments-Oct 6

Oct 6 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of October 5, 2016.

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Brahmaputra River Valley Trading Pvt. ST Bk Fac          CARE A4+       265     Reaffirmed
Ltd
Jbf Industries Ltd                    ST Bk Fac          CARE A2+       16000   Revised from
                                                                                CARE A1

Jindal Stainless Steelway Ltd         ST Bk Fac          CARE A3        900     Reaffirmed
Khaitan Chemicals & Fertilizers Ltd   ST Bk Fac          CARE A3        1547.2  Reaffirmed
Livewires Advertising Pvt Ltd         ST Bk Fac          CARE A4        52      Reaffirmed
Micro Orgo Chem                       ST Bk Fac          CARE A4        70      Assigned
Shree Doodhaganga Krishna Sahakari    ST Bk Fac          CARE A4        465.3   Reaffirmed
Sakkare Karakhane Niyamit
Tata Housing Development Co. Ltd      CP Issue           CARE A1+       4000    Assigned
Tata Housing Development Co. Ltd      CP Issue           CARE A1+       6000    Assigned
Topsun Energy Ltd                     ST Bk Fac          CARE A3        7       Revised from
                                                                                CARE A4+
Vijit International Pvt. Ltd.         ST Bk Fac          CARE A4        10      Reaffirmed
Vizag Profile Pvt Ltd                 ST Bk Fac          CARE A4+       760     Reaffirmed


LONG TERM RATINGS:
-------------------
Belstar Investment And Finance Pvt LtdLT Bk Fac          CARE A         4000    Revised from
                                                                                CARE BBB-
Belstar Investment And Finance Pvt LtdSub-ordinated Debt CARE A         100     Revised from
                                                                                CARE BB+
Bhavnagar Energy Company Ltd          LT Bk Fac          CARE BBB-      33022.4 Revised from
                                                                                CARE BBB+
Brahmaputra River Valley Trading Pvt. LT Bk Fac*         CARE BB+       100     Reaffirmed
Ltd
Equitas Finance Ltd                   Series A2 PTCs #   Provisional            Assigned
                                                         CARE A- (SO)
# - The PTCs are rated on ultimate payment of principal.
Equitas Finance Ltd                   Series A1 PTCs #   Provisional            Assigned
                                                         CARE A+ (SO)
# - The PTCs are rated on ultimate payment of principal.
Jbf Industries Ltd                    LT Bk Fac          CARE BBB+      4268.3  Revised from
                                                                                CARE A-
Jindal Stainless Steelway Ltd         LT Bk Fac          CARE BBB-      909.7   Reaffirmed
Jindal Stainless Steelway Ltd         LT Bk Fac*         CARE BBB (SO)  30.8    Reaffirmed
*backed by unconditional and irrevocable corporate guarantee provided by Nalwa Sons Investments
Limited
Khaitan Chemicals & Fertilizers Ltd   LT Bk Fac          CARE BBB-      1750.9  Reaffirmed
Livewires Advertising Pvt Ltd         LT Bk Fac          CARE BB-       7.5     Revised from
                                                                                CARE B+
Micro Orgo Chem                       LT Bk Fac          CARE B+        110     Assigned
Namra Finance Ltd                     NCD issue @        CARE BBB (SO)  333     Reaffirmed
Pondicherry Tindivanam Tollway Ltd    LT Bk Fac          CARE B         2109.4  Reaffirmed
S S Group Pvt Ltd                     NCDs               CARE BB+       1254    Reaffirmed
Shree Doodhaganga Krishna Sahakari    LT Bk Fac          CARE B         2163.4  Reaffirmed
Sakkare Karakhane Niyamit
Sidhant Creations Pvt Ltd             LT Bk Fac          CARE BB-       64.6    Assigned
Sidhant Creations Pvt Ltd             LT/ST Bk Fac       CARE BB-/CARE  150     Assigned
                                                         A4
Tata Housing Development Co. Ltd      LT / ST Bk Fac     CARE AA /CARE  10600   Assigned
                                                         A1+
Topsun Energy Ltd                     LT Bk Fac          CARE BBB-      717.2   Revised from
                                                                                CARE BB+
Tourism Finance Corporation Of India  LT Subordinated    CARE A         1000    Reaffirmed
Ltd                                   Bonds
Tourism Finance Corporation Of India Ltd LT Bk Fac       CARE A+        6815    Reaffirmed
Vijit International Pvt. Ltd.         LT Bk Fac          CARE B+        60      Reaffirmed
Vizag Profile Pvt Ltd                 LT Bk Fac          CARE BB+       400     Reaffirmed
Yash Electrical Systems               LT Bk Fac          CARE BB-       90      Assigned
Yash Electrical Systems               LT / ST Bk Fac     CARE BB-/CARE  10      Assigned
                                                         A4
--------------------------------------------------------------------------------------------
$: 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

CARE 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)

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