January 3, 2017 / 8:58 AM / 7 months ago

CRISIL ratings for Indian debt instruments-Jan 3

4 Min Read

Jan 3 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of January 2, 2017.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Gulf Petrochem FZC                      Bill Discounting   CRISIL A2+     703.46  Reaffirmed
Gulf Petrochem FZC                      LOC                CRISIL A2+     3224.22 Reaffirmed
Gulf Petrochem FZC                      Proposed LOC       CRISIL A2+     2000    Reaffirmed

MEDIUM TERM RATINGS:
-------------------
Tata Sons Ltd                           FD Programme       FAAA                   Reaffirmed 

LONG TERM RATINGS:
-------------------
Tata Sons Ltd                           CP                 CRISIL A1+     26250   Reaffirmed 
Gulf Petrochem FZC                      Overdraft          CRISIL A-      66.55   Reaffirmed
Gulf Petrochem FZC                      Proposed LT Bk     CRISIL A-      783.77  Assigned
                                        Loan Fac
Tata Sons Ltd                           Overdraft          CRISIL AAA     50      Reaffirmed
Tata Sons Ltd                           NCDs Issue         CRISIL AAA     8650    Assigned 
Tata Sons Ltd                           NCDs               CRISIL AAA     180850  Reaffirmed

--------------------------------------------------------------------------------------------
$: 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wd -Rating Stands Withdrawn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

CRISIL 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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