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CARE ratings for Indian debt instruments-May 30
May 30, 2012 / 5:57 AM / 5 years 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, 2012.	
	
COMPANY                             INSTRUMENT          RATING         AMOUNT      MOVEMENT	
                                                                      (RS.MLN)	
-------                             ----------          ------         -------     ---------	
SHORT TERM RATINGS:	
-------------------	
Akshar Impex Pvt. Ltd.              ST Bk Fac           CARE A4         1380       Assigned	
Enn Enn Corp Ltd                    ST Bk Fac           CARE A3         120        Assigned	
Karthik Alloys Ltd                  ST Bk Fac           CARE A4         69.6       Assigned	
Techno Shares & Stocks Ltd          ST Bk Fac           CARE A3         398        Assigned	
	
LONG TERM RATINGS:	
-------------------	
Enn Enn Corp Ltd                    LT Bk Fac           CARE BBB-       2506.6     Assigned	
Franklin Templeton Asset Management Templeton India     CARE AAAmfs                Assigned	
(India) Pvt Ltd                     Low Duration Fund	
Jayka Jansahayak Trust              LT Bk Fac           CARE BB-        90         Assigned	
Karthik Alloys Ltd                  LT Bk Fac           CARE B          178.5      Assigned	
Sharda Ma Enterprises Pvt Ltd       LT Bk Fac           CARE BBB-       640        Assigned	
Shree Stambh Colonizers             LT Bk Fac           CARE BB         150        Assigned	
	
--------------------------------------------------------------------------------------------	
$: 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wd -Rating Stands Withdrawn	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, E-mail at rru.data@reuters.com)

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