May 30, 2017 / 4:46 AM / 4 months ago

CARE ratings for Indian debt instruments-May 30

    May 30 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of May 29, 2017.

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Ashok Constructions                   ST Bk Fac          CARE A4        20      Issuer not
                                                                                cooperating
Atc Telecom Infrastructure Pvt Ltd    ST Bk Fac          CARE A1+       5800    Revised from
                                                                                CARE A1

(enhanced from 290 CR)
Chenniappa Yarn Spinners Pvt Ltd      ST Bk Fac          CARE A4+       70.6    Issuer not
                                                                                cooperating
Disha Microfin Ltd                    ST instruments- CP CARE A2+       750     Assigned
Focus Shares & Securities Pvt. Ltd.   ST Bk Fac          CARE A4        600     Reaffirmed
(Enhanced from Rs.34 crore)
Maithan Ispat Ltd                     ST Bk Fac          CARE A4(SO)    1314.8  Reaffirmed
Pruthvi Adithya Infratech Pvt Ltd     ST Bk Fac          CARE A4        10      Assigned
Reliance Communications InfrastructureST non fund based  CARE A4 (SO)   11800   Revised from
Ltd                                   Bk Fac                                    CARE A2+(SO)

LONG TERM RATINGS:
-------------------
Agroh Diu Link Highways Pvt Ltd       LT Bk Fac          CARE BBB(SO)   2491.5  Assigned
Ahmedabad Maliya Tollway Ltd (ErstwhilLT Bk Fac          CARE BBB+      11114.2 Revised from
L&T Ahmedabad Maliya Tollway Ltd)                                               CARE BBB
Ashok Constructions                   LT Bk Fac          CARE B+        50      Issuer not
                                                                                cooperating
Atc Telecom Infrastructure Pvt Ltd    LT Bk Fac          CARE AA-       26855.1 Revised from
                                                                                CARE A
(reduced from 5445.84 CR)
Banswara Biomass Energy Pvt Ltd       LT Bk Fac          CARE BB-       78.6    Assigned
Chenniappa Yarn Spinners Pvt Ltd      LT Bk Fac          CARE BB+       268.6   Issuer not
                                                                                cooperating
Greenko Solar Energy Pvt Ltd          NCD^               CARE A+(SO)    1500    -
^Backed by unconditional and irrevocable corporate guarantee of Greenko Energies Private Limited
(GEPL; rated CARE A+; Stable/CARE A1+ )
Maithan Ispat Ltd                     LT Bk Fac          CARE BB-(SO)   6519.5  Revised from
                                                                                CARE B(SO)
Micro Precession Pvt Ltd              LT Bk Fac          CARE BB        72.1    Assigned
Pnb Housing Finance Ltd               LT Bonds/NCD^      CARE AAA       65010   Reaffirmed
(enhanced from 6000 CR)
Pnb Housing Finance Ltd               LT Tier-II Bonds/  CARE AAA       4990    Reaffirmed
                                      Subordinated Debt^
(Reduced from 1000 CR) ^ Rs. 501 crore being reduced from Subordinate Debt/Tier-II Bonds and
transferred to Long term Bonds/Non-Convertible Debentures.
Pnb Housing Finance Ltd               LT Bonds/NCD       CARE AAA       40000   Reaffirmed
Pruthvi Adithya Infratech Pvt Ltd     LT Bk Fac          CARE BB        130     Assigned
Ramen Deka                            LT Bk Fac          CARE B+        65      Assigned
Reliance Big Tv Ltd                   LT/ST non fund     CARE BB(SO)    900     Revised from
                                      based Bk Fac       /CARE A4 (SO)          CARE A-(SO) /
                                                                                CARE A2+(SO)
S.D. Corporation Pvt Ltd              LT – NCD^          CARE AA+(SO)   3000    Final Rating
^ credit enhancement in the form of an unconditional, irrevocable and revolving DSRA Guarantee
provided by Shapoorji Pallonji and Company Private Ltd (SPCPL, rated CARE AA+, Stable)
Shiv Sundar And Company               LT Bk Fac          CARE B         136.9   Reaffirmed
Shri Jagannath Educational, Health AndLT Bk Fac          CARE D         142.9   Issuer not
Charitable Trust                                                                cooperating
Tata Power Renewable Energy Ltd       LT Instruments –   CARE AA(SO)    5000    Assigned
                                      NCDs%
% Credit enhancement in the form of an unconditional and irrevocable corporate guarantee from
The Tata Power Company Limited.
Venus Trust June 2015 (Originator:    Series A PTC       CARE AAA(SO)   310     Revised from
HDB Financial Services Ltd)                                                     CARE AA(SO)
Venus Trust March 2015 (Originator:   Series A PTC       CARE AAA(SO)   147.3   Revised from
HDB Financial Services Ltd)                                                     CARE A(SO)
--------------------------------------------------------------------------------------------
$: 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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