June 6, 2017 / 4:17 AM / 4 months ago

CARE ratings for Indian debt instruments-Jun 6

    Jun 6 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of June 5, 2017.

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
-------                               ----------         ------        -------  ---------
Arwade Infrastructure Ltd             ST Bk Fac          CARE A4+       200     Reaffirmed
(enhanced from Rs. 10.00 crore)
Rhizome Distilleries Pvt Ltd          ST Bk Fac          CARE A4        5       Assigned
Sharu Industries Pvt Ltd              ST Bk Fac          CARE A3        120     Assigned

Spenzzer Craft Pvt Ltd                ST Bk Fac          CARE A4        10      Assigned

Anlon Healthcare Pvt Ltd              LT Bk Fac          CARE B+        115     Assigned
Anlon Healthcare Pvt Ltd              LT/ST Bk Fac       CARE B+ /CARE  30      Assigned
Arwade Infrastructure Ltd             LT Bk Fac          CARE BB+       60      Reaffirmed
Emf Microloans Pool Series X - March  Series A PTC       CARE AA(SO)    111.7   Revised from
2016 (Originator: Equitas Small Finance                                         CARE A-(SO)
Bank Ltd)
Rhizome Distilleries Pvt Ltd          LT Bk Fac          CARE BB        195     Assigned
Sakrat Texfab Pvt Ltd                 LT Bk Fac          -              -       Withdrawn
Sakrat Texfab Pvt Ltd                 LT/ST Bk Fac       -              -       Withdrawn
Sharu Industries Pvt Ltd              LT Bk Fac          CARE BBB-      160     Assigned
Southwinds Project Llp                LT Bk Fac          CARE BBB-      150     Assigned
Spenzzer Craft Pvt Ltd                LT Bk Fac          CARE B+        73.5    Assigned
Spenzzer Craft Pvt Ltd                LT/ST Bk Fac       CARE B+ /CARE  60      Assigned
The Jorehaut Group Ltd                LT Bk Fac          CARE BBB-      62.5    Assigned
The Madras Silks India Pvt Ltd        LT Bk Fac          CARE BBB+      536.6   Placed on
                                                                                credit watch
                                                                                with developing
The Madras Silks India Pvt Ltd        LT/ST Bk Fac       CARE BBB+      1620    Placed on
                                                         /CARE A3+              credit watch
                                                                                with developing
Trimurti Cotton Industries            LT Bk Fac          CARE B         69      Assigned
Usha Spincoat Pvt Ltd                 LT Bk Fac          CARE BB-       293.6   Revised from
                                                                                CARE B+
(reduced from Rs. 29.50 CR)
$: 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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