Short-term debt programs of Indian firms rated by FITCH:Part I

Indian Corp Loan Sec Trust 08-Sr 36 Series A7 PTC
F1+(ind)(SO) 679.6 Assigned Indian Corp Loan Sec Trust 08-Sr
36 Series A8 PTC F1+(ind)(SO) 52 Assigned
Indian Corp Loan Sec Trust 08-Sr 36 Series A9 PTC
F1+(ind)(SO) 449.4 Assigned Indian Corp Loan Sec Trust 08-Sr
36 Series A10 PTC F1+(ind)(SO) 231.7 Assigned
Indian Corp Loan Sec Trust 08-Sr 36 Series A11 PTC
F1+(ind)(SO) 1775.4 Assigned Indian Corp Loan Sec Trust 08-Sr
36 Series A1 PTC F1+(ind)(SO) 445.4 Assigned
Indian Corp Loan Sec Trust 08-Sr 36 Series A2 PTC
F1+(ind)(SO) 561.2 Assigned India Infoline Ltd

NSTR F1(ind) Reaffirmed
India Infoline Ltd STD
F1(ind) 1000 Reaffirmed Indian Infrastructure
Equipment Receivable Trust July 2009 PTC

F1+(ind)(SO) 2373.49 Assigned Indian Infrastructure
Equipment PTC Class A1 F1(ind)(SO) 2373.49
Assigned India Glycols Ltd Non-FB WC Banking
Lines F1(ind) 1000 Assigned India Glycols Ltd

FB WC Banking Lines F1(ind)/ A(ind) 2250

Assigned India Glycol Limited Non FBT

'F2(ind)' 1000 Downgraded Indian Corp Loan Sec
Trust 2008 IIA Series A PTCs F1+(ind)(SO)
Assigned Indian Loans Receivable Trust Dec08 PTC Series T1 &
T2 F1+(ind)(SO) Assigned Indian Railway Fin.
Corp. NSTIR F1+(ind)
Reaffirmed India's Value Industries Ltd (Value) Non-Fund Based
Limit F2+(ind) 647.6 Assigned Indias Spice
Communications Ltd Non-Fund Based Facility F2(ind)
650 Assigned Indias Spice Communications Ltd Bank
Facilities F1(ind)(SO) 7200 Assigned Indo Power
Projects Ltd ST Fund Based Limits F4(ind)
710 Assigned F3(ind) Indo Arya Central Transport Ltd
Non Fund based Limits F3(ind) 20 Assigned
Industrial Dev. Bank of India Ltd ST FC Rating
F3 Reaffirmed Infomedia India Ltd

ST Debt Programme F1(ind)@ 250 Reaffirmed
IOC Loan Sec Trust Sr 69.
F1+(ind)(SO) Assigned IOT Infrastructure & Energy Serv
Ltd ST Bank Loans F1+(ind) 500 Affirmed IOT
Infrastructure & Energy Serv Ltd LOC
F1+(ind) 500 Affirmed IOT Infrastructure & Energy Serv
Ltd STD/CP F1+(ind) 300 Affirmed IOT
Infrastructure & Energy Serv Ltd LOC
F1+(ind) 500 Affirmed Infrastructure & Project Ltd

CP F1+(ind) 3000 Affirmed
Infrastructure & Project Ltd ST WCFB limits
F1+(ind) 5600 Affirmed Infrastructure & Project Ltd

ST WC-NFB Limits F1+(ind) 2800 Affirmed
IRFC Loan Sec Trust Sr 70 -
F1+(ind)(SO) Assigned ISMT Ltd

Working Cap Demand Loan F1(ind) Assigned
ISMT Ltd Non FBL
F1(ind) 4100 Assigned ISTD Loan Trust

PTC Series A1 F1+(ind)(so) Assigned
ITBL Loan Trust Series A PTCs
F1(ind)(SO) Assigned ITD Cementation India Ltd

CP F2+(ind) 1000 Downgraded
IVRCL Infrastructure Project Ltd. LT NFBL
F1+(ind) 9400 Reaffirmed IVRCL Infrastructure Project
Ltd. CP F1+(ind) 1500
Reaffirmed
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