May 9, 2017 / 4:43 AM / 4 months ago

CRISIL ratings for Indian debt instruments-May 9

    May 9 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of May 8, 2017.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Ahammed Kutty Haji M                    BG                 CRISIL A4      9       Assigned
Ananya Wood Pvt Ltd                     Foreign LOC        CRISIL A3      140     Reaffirmed
Ananya Wood Pvt Ltd                     LOC                CRISIL A3      40      Reaffirmed
Ananya Wood Pvt Ltd                     Proposed ST Bk     CRISIL A3      5       Assigned
                                        Loan Fac
Axis Bank Ltd                           CDs                CRISIL A1+     500000  Reaffirmed
Bee Path Castings Pvt Ltd               LOC                CRISIL A4+     9       Reaffirmed
BNP Paribas Global Securities           BG                 CRISIL A1+     10      Assigned
Operations Pvt Ltd
Deluxe Petrochem Pvt Ltd                LOC                CRISIL A4+     70      Reaffirmed
Deluxe Sales Corporation                LOC                CRISIL A4+     92.5    Reaffirmed
ECap Equities Ltd                       Term Debt          CRISIL A1+     7500    Reaffirmed
                                        (Including ST NCD)
ECL Finance Ltd                         ST Debt Issue*     CRISIL A1+     40000   Assigned
*Assigned for initial/ follow-on public offer financing on episodic basis.
ECL Finance Ltd                         ST Debt Issue*     CRISIL A1+     20000   Reaffirmed
*Assigned for initial/ follow-on public offer financing on episodic basis.
ECL Finance Ltd                         ST Debt Issue*     CRISIL A1+     30000   Reaffirmed
*Assigned for initial/ follow-on public offer financing on episodic basis.
ECL Finance Ltd                         ST Debt Issue*     CRISIL A1+     35000   Reaffirmed
*Assigned for initial/ follow-on public offer financing on episodic basis.
ECL Finance Ltd                         ST Debt (Including CRISIL A1+     36000   Reaffirmed
                                        ST NCD)
ECL Finance Ltd                         ST Principal       CRISIL PP- MLD 12000   Reaffirmed
                                        Protected Market   A1+r
                                        Linked Debentures
Edelweiss Commodities Services Ltd      ST Bk Fac          CRISIL A1+     600     Reaffirmed
Edelweiss Commodities Services Ltd      Standby LOC        CRISIL A1+     1520    Reaffirmed
Edelweiss Commodities Services Ltd      ST Debt Issue*     CRISIL A1+     60000   Assigned
*Assigned for initial/ follow-on public offer financing on episodic basis.
Edelweiss Commodities Services Ltd      ST Debt Issue*     CRISIL A1+     30000   Reaffirmed
*Assigned for initial/ follow-on public offer financing on episodic basis.
Edelweiss Commodities Services Ltd      ST Debt Issue*     CRISIL A1+     30000   Reaffirmed
*Assigned for initial/ follow-on public offer financing on episodic basis.
Edelweiss Commodities Services Ltd      ST Debt Issue*     CRISIL A1+     30000   Reaffirmed
*Assigned for initial/ follow-on public offer financing on episodic basis.
Edelweiss Commodities Services Ltd      ST Debt (Including CRISIL A1+     70000   Reaffirmed
                                        ST NCD)
Edelweiss Finance and Investments Ltd   ST Debt Issue*     CRISIL A1+     10000   Assigned
*Assigned for initial/ follow-on public offer financing on episodic basis
Edelweiss Finance and Investments Ltd   ST Debt            CRISIL A1+     5000    Reaffirmed
Edelweiss Finance and Investments Ltd   ST Principal       CRISIL PP- MLD 715     Reaffirmed 
                                        Protected Market   A1+r
                                        Linked Debentures 
Edelweiss Financial Services Ltd        ST Debt Issue*     CRISIL A1+     50000   Assigned
*Assigned for initial public offering/ open offer financing on episodic basis
Edelweiss Financial Services Ltd        ST Debt Issue*     CRISIL A1+     20000   Reaffirmed
*Assigned for initial public offering/ open offer financing on episodic basis
Edelweiss Financial Services Ltd        ST Debt Issue*     CRISIL A1+     35000   Reaffirmed
*Assigned for initial public offering/ open offer financing on episodic basis
Edelweiss Financial Services Ltd        ST Debt Issue*     CRISIL A1+     20000   Reaffirmed
*Assigned for initial public offering/ open offer financing on episodic basis
Edelweiss Financial Services Ltd        ST Debt            CRISIL A1+     63500   Reaffirmed
Grobest Feeds Corporation(India) Pvt    Buyer`s Credit     CRISIL A2      470     Reaffirmed
Ltd
IndoStar Capital Finance Ltd            ST Debt Programme  CRISIL A1+     15000   Reaffirmed
                                        (Including CP)
Enhanced from Rs.1250 Crore
Kotak Mahindra Prime Ltd                Proposed ST Bk     CRISIL A1+     29850   Reaffirmed
                                        Loan Fac
Kotak Mahindra Prime Ltd                ST Loan            CRISIL A1+     150     Reaffirmed
Kotak Mahindra Prime Ltd                ST Debt Issue^     CRISIL A1+     30000   Assigned
^Assigned for initial/ follow-on public offer financing on episodic basis
Kotak Mahindra Prime Ltd                ST Debt Issue^     CRISIL A1+     20000   Reaffirmed
^Assigned for initial/ follow-on public offer financing on episodic basis
Kotak Mahindra Prime Ltd                ST Debt            CRISIL A1+     60000   Reaffirmed
MOC Dies and Moulds                     BG                 CRISIL A4+     5       Reaffirmed
MOC Dies and Moulds                     LOC                CRISIL A4+     20      Reaffirmed
Rajgaria Timber Pvt Ltd                 Foreign LOC        CRISIL A3      180     Reaffirmed
Rajgaria Timber Pvt Ltd                 LOC                CRISIL A3      40      Reaffirmed
Sai Balaji Paraboiled Rice Mill         LOC                CRISIL A4      2.5     Reaffirmed
Shalina Laboratories Pvt Ltd            Export Packing     CRISIL A3      180     Upgraded from
                                        Credit & Export                           CRISIL A4+
                                        Bills Negotiation/ Foreign Bill discounting
Shalina Laboratories Pvt Ltd            LOC & BG           CRISIL A3      120     Upgraded from
                                                                                  CRISIL A4+
Trident Ltd                             LOC                CRISIL A1      3500    Reaffirmed

LONG TERM RATINGS:
-------------------
Ahammed Kutty Haji M                    Proposed WC Fac    CRISIL B       5       Assigned
Ahammed Kutty Haji M                    CC                 CRISIL B       70      Assigned
Ananya Wood Pvt Ltd                     CC                 CRISIL BBB-    260     Reaffirmed
Axis Bank Ltd                           Tier I Bonds       CRISIL AA+     35000   Upgraded from
                                        (Under Basel III)                         CRISIL AA
Axis Bank Ltd                           Infrastructure     CRISIL AAA     50000   Reaffirmed
                                        Bonds
Axis Bank Ltd                           Infrastructure     CRISIL AAA     32050   Reaffirmed
                                        Bonds
Axis Bank Ltd                           Infrastructure     CRISIL AAA     60000   Reaffirmed
                                        Bonds
Axis Bank Ltd                           Tier II Bonds      CRISIL AAA     25000   Reaffirmed
                                        (Under Basel III)
Axis Bank Ltd                           Tier II Bonds      CRISIL AAA     20000   Reaffirmed
                                        (Under Basel III)
Axis Bank Ltd                           Tier II Bonds      CRISIL AAA     8500    Reaffirmed
                                        (Under Basel III)
Bee Path Castings Pvt Ltd               CC                 CRISIL BB      46      Upgraded from
                                                                                  CRISIL BB-
Bee Path Castings Pvt Ltd               LT Loan            CRISIL BB      17      Upgraded from
                                                                                  CRISIL BB-
Bee Path Castings Pvt Ltd               Proposed LT Bk     CRISIL BB      18      Upgraded from
                                        Loan Fac                                  CRISIL BB-
Benedetto Kitchens Pvt Ltd              TL                 CRISIL B+      27.5    Assigned
Benedetto Kitchens Pvt Ltd              CC*                CRISIL B+      50      Assigned
*Includes the sublimit for ODBD of Rs.3.50 Cr
Benedetto Kitchens Pvt Ltd              Proposed LT Bk     CRISIL B+      27.5    Assigned
                                        Loan Fac
BNP Paribas Global Securities           TL                 CRISIL AAA     578.1   Assigned
Operations Pvt Ltd
BNP Paribas Global Securities           Proposed LT Bk     CRISIL AAA     251.9   Assigned
Operations Pvt Ltd                      Loan Fac
BNP Paribas Global Securities           CC*                CRISIL AAA     400     Assigned
Operations Pvt Ltd
*includes sublimit of Export Packing Credit/Export Post Shipment Credit of Rs.40.00 crore
Chittaranjan Multipurpose Heemghar Pvt  CC                 CRISIL B       60      Reaffirmed
Ltd
Chittaranjan Multipurpose Heemghar Pvt  TL                 CRISIL B       80      Assigned
Ltd
Classique Associates                    Proposed Rupee TL  CRISIL A+      600     Reaffirmed
Watch Developing
Deluxe Petrochem Pvt Ltd                CC                 CRISIL BB-     30      Reaffirmed
Deluxe Petrochem Pvt Ltd                Proposed LT Bk     CRISIL BB-     5       Reaffirmed
                                        Loan Fac
Deluxe Sales Corporation                CC                 CRISIL BB-     32.5    Reaffirmed
ECL Finance Ltd                         CC                 CRISIL AA      20800   Reaffirmed
ECL Finance Ltd                         LT Bk Fac          CRISIL AA      46477.8 Reaffirmed
ECL Finance Ltd                         Proposed LT Bk     CRISIL AA      25022.2 Reaffirmed
                                        Loan Fac**
ECL Finance Ltd                         NCD                CRISIL AA      20000   Reaffirmed
ECL Finance Ltd                         NCD                CRISIL AA      12000   Reaffirmed
ECL Finance Ltd                         NCDs               CRISIL AA      9300    Reaffirmed
ECL Finance Ltd                         Subordinated Debt  CRISIL AA      2000    Reaffirmed
ECL Finance Ltd                         LT Principal       CRISIL PP- MLD 5000    Reaffirmed
                                        Protected Market   AAr
                                        Linked Debentures
ECL Finance Ltd                         Principal          CRISIL PP- MLD 11900   Reaffirmed
                                        Protected Equity   AAr
                                        Linked Debentures
ECL Finance Ltd                         Principal-         CRISIL PP- MLD 350     Reaffirmed
                                        Protected          AAr
                                        Commodity-Linked Debentures
Edelweiss Commodities Services Ltd      LT Bk Fac          CRISIL AA      3250    Reaffirmed
Edelweiss Commodities Services Ltd      Overdraft          CRISIL AA      7000    Reaffirmed
Edelweiss Commodities Services Ltd      Proposed LT Bk     CRISIL AA      5000    Reaffirmed
                                        Loan Fac **
**Interchangeable with short term bank facilities
Edelweiss Commodities Services Ltd      NCD                CRISIL AA      10000   Reaffirmed
Edelweiss Commodities Services Ltd      NCD                CRISIL AA      10000   Reaffirmed
Edelweiss Commodities Services Ltd      NCD                CRISIL AA      10000   Reaffirmed
Edelweiss Commodities Services Ltd      PS                 CRISIL AA      1050    Reaffirmed
Edelweiss Finance and Investments Ltd   Proposed LT Bk     CRISIL AA      5000    Reaffirmed
                                        Loan Fac^
^Interchangeable between short term and long term
Edelweiss Finance and Investments Ltd   NCD                CRISIL AA      5000    Reaffirmed 
Edelweiss Finance and Investments Ltd   NCD                CRISIL AA      100     Reaffirmed
Edelweiss Finance and Investments Ltd   PS                 CRISIL AA      1050    Reaffirmed
Grobest Feeds Corporation(India) Pvt    CC                 CRISIL BBB+    559.8   Reaffirmed
Ltd
Grobest Feeds Corporation(India) Pvt    Proposed LT Bk     CRISIL BBB+    30      Reaffirmed
Ltd                                     Loan Fac
Grobest Feeds Corporation(India) Pvt    TL                 CRISIL BBB+    12.2    Assigned
Ltd
Hiranandani Constructions Pvt Ltd       Rupee TL           CRISIL A+      500     Reaffirmed
Watch Developing
I Four Exporters                        Proposed LT Bk     CRISIL B+      15      Assigned
                                        Loan Fac
I Four Exporters                        CC                 CRISIL B+      25      Assigned
I Four Exporters                        Proposed CC Limit  CRISIL B+      60      Assigned
Indian Bank                             Tier- I Bonds      CRISIL AA+     10000   Upgraded from
                                        (Under Basel III)                         CRISIL
                                                                                  AA/Stable'
Indian Bank                             Tier- II Bonds     CRISIL AAA     10000   Reaffirmed
                                        (Under Basel III)
Indian Bank                             Upper Tier- II     CRISIL AAA     5000    Reaffirmed
                                        Bonds (Under Basel
                                        II)
Indian Bank                             Lower Tier- II     CRISIL AAA     5000    Reaffirmed
                                        Bonds (Under Basel
                                        II)
Jaika Automobiles and Finance Pvt Ltd   CC                 CRISIL BB+     240     Reaffirmed
Jaika Automobiles and Finance Pvt Ltd   Channel Financing  CRISIL BB+     450     Reaffirmed
Jaika Automobiles and Finance Pvt Ltd   TL                 CRISIL BB+     123     Reaffirmed
Kotak Mahindra Prime Ltd                CC & WC demand loanCRISIL AAA     38500   Reaffirmed
Kotak Mahindra Prime Ltd                LT Loan            CRISIL AAA     2710    Reaffirmed
Kotak Mahindra Prime Ltd                Proposed LT Bk     CRISIL AAA     28790   Reaffirmed
                                        Loan Fac
Kotak Mahindra Prime Ltd                NCD                CRISIL AAA     154895  Reaffirmed
(Reduced from 17012.8 Crore)
Kotak Mahindra Prime Ltd                Subordinated Debt  CRISIL AAA     7911    Reaffirmed
Kotak Mahindra Prime Ltd                Nifty Linked       CRISIL PP- MLD 3291    Reaffirmed 
                                        Debentures         AAAr
Manyata Promoters Pvt Ltd               Lease Rental       CRISIL A(SO)   1975    Upgraded from
                                        Discounting Loan                          CRISIL A-(SO)
MOC Dies and Moulds                     CC                 CRISIL BB      70      Upgraded from
                                                                                  CRISIL BB-
MOC Dies and Moulds                     Proposed LT Bk     CRISIL BB      8       Upgraded from
                                        Loan Fac                                  CRISIL BB-
MOC Dies and Moulds                     TL                 CRISIL BB      97      Upgraded from
                                                                                  CRISIL BB-
Nakkheeran Publications                 CC                 CRISIL B       40      Reaffirmed
Nakkheeran Publications                 LT Loan            CRISIL B       80      Reaffirmed
Nakkheeran Publications                 Proposed LT Bk     CRISIL B       130     Assigned
                                        Loan Fac
Rajgaria Timber Pvt Ltd                 CC                 CRISIL BBB-    290     Reaffirmed
Rajgaria Timber Pvt Ltd                 Proposed LT Bk     CRISIL BBB-    130     Assigned
                                        Loan Fac
Roma Builders Pvt Ltd                   Proposed LT Bk     CRISIL A+      2000    Reaffirmed
                                        Loan Fac
Developing Implications
Roma Builders Pvt Ltd                   Rupee TL           CRISIL A+      5500    Reaffirmed
Developing Implications
Sahyadri Healthcare and Diagnostics Pvt Proposed LT Bk     CRISIL B+      48.5    Reaffirmed
Ltd                                     Loan Fac
Sahyadri Healthcare and Diagnostics Pvt TL                 CRISIL B+      77      Reaffirmed
Ltd
Sai Balaji Paraboiled Rice Mill         CC                 CRISIL B-      22.6    Downgraded
                                                                                  from CRISIL B
Sai Balaji Paraboiled Rice Mill         TL                 CRISIL B-      27.5    Downgraded
                                                                                  from CRISIL B
Shalina Laboratories Pvt Ltd            Export Packing     CRISIL BBB-    220     Upgraded from
                                        Credit & Export                           CRISIL BB+
                                        Bills Negotiation/ Foreign Bill discounting
Singh Natural Resource Pvt Ltd          CC                 CRISIL B+      60      Reaffirmed
Singh Natural Resource Pvt Ltd          Proposed LT Bk     CRISIL B+      40      Reaffirmed
                                        Loan Fac
Sri Guru Raghavendr Agro Foods          CC                 CRISIL BB-     140     Assigned
The Kerala Khadi and Village Industries CC                 CRISIL BB-     90      Reaffirmed
Association
Trident Ltd                             CC                 CRISIL A+      12000   Upgraded from
                                                                                  CRISIL A
Trident Ltd                             Foreign Currency TLCRISIL A+      2135.7  Upgraded from
                                                                                  CRISIL A
Trident Ltd                             LT Loan            CRISIL A+      21212.8 Upgraded from
                                                                                  CRISIL A

--------------------------------------------------------------------------------------------
$: 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)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below