Long-term debt programs of Indian firms rated by FITCH:Part III

Videocon Industries' Non Fund Based WC
A-(ind)/ 6980 Reaffirmed F1(ind) Videocon Industries'

Fungible WC A-(ind)/ 2520
Reaffirmed F1(ind) Vinayaka Missions University
National LongTerm BBB+(ind) Assigned
Vinayaka Missions University Term Loan
BBB+(ind) 1025.47 Assigned Vinayaka Missions University

Overdraft BBB+(ind) 405 Assigned
Vinayaka Missions University Non Fund Based WC
BBB+(ind) /F2(ind) 279.8 Assigned Viramgam Mahesana
Project Ltd. Secured NCD AA+(ind) 950
Withdrawn Viramgam Mahesana Project Ltd. NCD

AA-(ind) 630 Withdrawn Wanbury Ltd.

LT Loans BB+ 2852
Downgraded Wartsila India Ltd National Long
Term Rating AA-(ind) Downgraded Wartsila India Ltd

Cash credit limits AA-(ind) 50
Downgraded Wartsila India Ltd Guarantee
limits AA-(ind)/ F1+(ind) 500 Downgraded
Wanbury Ltd. Cash Credit
BB+ 410 Downgraded Water & Sanitation Pooled Fund

Series II Bond Issue AA(ind)(so) 450 Assigned
Water & Sanitation Pooled Fund Series I Bond Issue
AA(ind)(so) 304.1 Assigned West Bengal Infrastructure Dev
Fin Series 2007-08 bonds A(ind)(SO) 10000 Assigned
West Bengal Infrastructure Dev Fin Ser 2004-05/2005-06 bonds
A(ind)(SO) 10000 Assigned Whirlpool of India Limited

INR1250 Mln Secured NCR

Debenture Series-II Pgm
AAA(ind)(so) Withdrawn Wipro Ltd.

National LT rating AAA(ind) Withdrawn
Wipro Ltd. NCD
AAA(ind) Withdrawn Wockhardt Ltd

National LT Rating A(ind) Downgraded
Wockhardt Ltd LT NCD
A(ind) 2000 Downgraded Wockhardt Ltd

LTL/FB Cash Credit A(ind) 2500 Downgraded
Wockhardt Ltd. NLTR
BBB(ind)@ Downgraded Wockhardt Ltd

NLTIR D Downgraded
Wockhardt Ltd. LT NCD
BBB(ind) 2000 Downgraded Wockhardt Ltd.

LT Loans BBB(ind) 2500 Downgraded
Wockhardt Ltd. Fund Based Cash Credit
BBB(ind) 2500 Downgraded Xenitis Infotech Ltd.

NLTIR BBB(ind) Assigned
Xenitis Infotech Ltd. LT Bank Loans
BBB(ind) 90 Assigned Xenitis Infotech Limited

FBL WC BB+(ind) 1600 Downgraded
Xenitis Infotech Limited National LT
BB+(ind) Downgraded Xerox India Ltd

National Long-term rating A(ind) Assigned
Xerox India Ltd Fund and Non FB limits
A(ind)/ F1(ind) 100 Assigned Xpro India Ltd.

National Long-term Rating BBB-(ind)
Affirmed Xpro India Ltd. FBT WC

BBB-(ind)/ 308.5 Affirmed F3(ind) 308.5
Assigned XPRO India Ltd. Term Loans

BBB-(ind) 267.3 Assigned Zion Steel Ltd

FB WC bank facilities B+ (ind) 62
Assigned Zion Steel Ltd Term Loan
Facilities B+ (ind) 364 Assigned
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-----------------------------#: Rating Watch with Developing
implications @: Rating Watch with Negative Implications %:
Rating under Credit Watch wd -Rating Stands Withdrawn sp
-Rating Suspended CCPS-Cumulative Convertible Preference Share;
CPS-convertible preference shares; DDB-Deep Discount Bond;
EPBI-Exchange premium bond; FRB/FRN-Floating Rate Bond/Note;
FRD-floating rate debentures; LS-Loss Severity; MOCD-multiple
option convertible debenture; MTN-medium term notes; NCB-
non-convertible bond; NCD(SO)-Non Convertible
Debenture-(Structured Obligation); NCD-Non- Convertible
Debenture; NCRB-Non Convertible Redeemable Bonds; NM-Not
Meaningful; OCD- optionally convertible debenture;
OFCD-Optionally Fully Convertible Debenture; PCD- Partially
Convertible Debenture; PCN-partly convertible notes;
POCD-partly optional convertible debentures; PP-privately
placed; PS-Preference Shares; PTC-Pass Through Certificates;
RPS-Redeemable Preference Shares; SCPN-secured convertible
preference notes; SDO-Structured Debt Obligation; SLR-Statutory
Liquidity Ratio; SPN-secured premium notes; TB-Taxable Bond;
TFB-Tax Free Bond; TOCD-triple option convertible debentures;
LTCD-Long Term Convertible Debenture; NIR-National Issuer
Rating; NLTR-National Long Term Rating; NLTIR-National Long
Term Issuer Rating; FCIDR-Foreign Currency Issuer Default
Rating; NIFS-National Insurer Financial Strength; FBL-Fund
Based Bank Limits; WC-Working Capital.
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----------------------------- (Mumbai Rate Reporting Unit, +91
22 6636 9222, rru.data@reuters.com)