June 1, 2017 / 3:54 AM / 2 months ago

CARE ratings for Indian debt instruments-Jun 1

6 Min Read

    Jun 1 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of May 31, 2017.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Acme Odisha Solar Power Pvt Ltd       ST Bk Fac#         CARE A2+ (SO)  120     Assigned
# backed by unconditional and irrevocable co-obligor undertaking provided by ACME Raipur Solar
Power Private Limited
Acme Raipur Solar Power Pvt Ltd       ST Bk Fac#         CARE A2+ (SO)  110     Assigned
# backed by unconditional & irrevocable co-obligor undertaking provided by ACME Odisha Solar
Power Private Limited

Chakri Fisheries Pvt Ltd              ST Bk Fac          CARE A4        122.5   Assigned
Global Energy Food Industries Pvt Ltd ST Bk Fac          CARE A4        20      Reaffirmed
Rajdeep Energies Pvt Ltd              ST Bk Fac          CARE A4        10      Assigned
Trust Investment Advisors Pvt. Ltd.   CP                 CARE A1+       1500    Assigned

LONG TERM RATINGS:
-------------------
Acme Odisha Solar Power Pvt Ltd       LT Bk Fac#         CARE A- (SO)   1750    Assigned
# backed by unconditional and irrevocable co-obligor undertaking provided by ACME Raipur Solar
Power Private Limited
Acme Raipur Solar Power Pvt Ltd       LT Bk Fac#         CARE A- (SO)   1600    Assigned
# backed by unconditional & irrevocable co-obligor undertaking provided by ACME Odisha Solar
Power Private Limited
Chakri Fisheries Pvt Ltd              LT Bk Fac          CARE B+        12      Assigned
Glitter Wires And Conductors Pvt Ltd  LT Bk Fac          --             10      Withdrawn
Glitter Wires And Conductors Pvt Ltd  ST Bk Fac          --             70      Withdrawn
Global Energy Food Industries Pvt Ltd LT Bk Fac          CARE BB-       270     Reaffirmed
Hinduja National Power Corporation LtdLT Bk Fac – TL - I CARE A-        49380   Assigned
Hinduja National Power Corporation LtdLT Bk Fac – TL - IICARE A-        14970   Assigned
Hinduja National Power Corporation LtdLT Bk Fac – CC     CARE A-        12900   Assigned
Kalani Marketing Pvt Ltd              Bk Fac- FB LT/ST-  CARE BB/ A4    337.5   Assigned
                                      CC
Olive Bar & Kitchen Pvt Ltd           LT Bk Fac          CARE BBB-      118.1   Reaffirmed
enhanced from 4.47 CR
Rajdeep Energies Pvt Ltd              LT Bk Fac          CARE BB-       40      Assigned
Shree Rani Sati Overseas Pvt Ltd      LT Bk Fac          CARE B+        120     Assigned
Sunglow Realmart Pvt Ltd              LT Bk Fac          --                     Withdrawn
Trust Investment Advisors Pvt. Ltd.   NCD                CARE A         1500    Assigned
Trust Investment Advisors Pvt. Ltd.   LT Bk Fac- Working CARE A         5000    Assigned
                                      Capital Demand Loan

--------------------------------------------------------------------------------------------
$: 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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