Do More With Reuters
Partner Services

Short-term debt programs of Indian firms rated by CRISIL:Part II

Mon Jun 16, 2008 12:25pm IST
 
Email | Print | | Single Page
[-] Text [+]
Trimex Sands Pvt Ltd                 Bank Guarantee          
P3+           270     Assigned Tube Investments of India Ltd   
 Letter of Credit Limit   P1+           1100    Assigned
Tube Investments of India Ltd        STD                     
P1+           1000    Reaffirmed Tube Products Incorporate     
   Bank Guarantee           P2            150     Assigned
Tube Products Incorporate            Bills Purchase          
P2            50      Assigned Tube Products Incorporate       
 Letter of Credit         P2            350     Assigned TV
Today Network Ltd                 CP                       P1+ 
      150     Reaffirmed UCO Bank                           
 CD                       P1+           70000   Reaffirmed
UltraTech Cement Ltd                 STD                     
P1+           1000    Reaffirmed UltraTech Cement Ltd          
   LOC                      P1+           6000    Reaffirmed
UltraTech Cement Ltd                 BG                      
P1+           1500    Reaffirmed UltraTech Cement Ltd          
   Other Non Fund           P1+                   Assigned
                                  -Based Limits Unity
Infraprojects Ltd              STD                      P2+    
   500     Downgraded USV Ltd                             
Letter of Credit         P1+           75      Assigned USV Ltd
                          Bank Guarantee           P1+      
 20      Assigned USV Ltd                              CP   
                P1+           400     Reaffirmed UTI Bank   
                      CD                       P1+          
60000   Assigned Vardhman Acrylics Ltd                Letter of
Credit         P1+           250     Assigned Vardhman Acrylics
Ltd                Bank Guarantee           P1+           50   
  Assigned Vardhman Acrylics Ltd                Letter of
Credit         P1+           250     Assigned Vardhman Acrylics
Ltd                Bank Guarantee           P1+           50   
  Assigned Vardhman Textiles Ltd                Packing Credit 
      P1+           1367    Assigned Vardhman Textiles Ltd  
          Foreign Bill Purchase    P1+           773    
Assigned Vardhman Textiles Ltd                Letters of Credit
    P1+           600     Assigned Vardhman Textiles Ltd    
        Bank Guarantee           P1+           255    
Assigned Vardhman Textiles Ltd                STD              
    P1+           800     Reaffirmed Vardhman Yarn and
Threads Ltd.       LOC                      P1+           90   
  Assigned Videsh Sanchar Nigam Ltd             STD            
      P1+           2500    Enhanced Vijai Electricals Ltd  
          Letter of Credit         P1            4099   
Assigned Vijai Electricals Ltd                Bank Guarantee   
    P1            8599    Assigned Vijaya Bank              
        CD                       P1+           10000  
Assigned Vijayeswari Textiles Ltd             Packing Credit &
Bills
                                  Discounting facility    
P3            802.5   Assigned Vijayeswari Textiles Ltd        
 LOC facility             P3            120     Assigned
Vinar Systems Pvt Ltd                BG                      
P2+           300     Assigned Vinar Systems Pvt Ltd           
 LOC                      P2+           50      Assigned
Vinyl Chemicals                      CP                      
P1+#          80 Vimal Oil and Foods Ltd.             Letter of
Credit Limits  P4            500     Assigned Viraj Impex
Private Ltd              Letter of Credit         P2           
880     Assigned Viva Highways Private Ltd            BG       
            P1            12      Assigned VMT Spinning Co.
Ltd                 Packing Credit           P1+           60  
Assigned VMT Spinning Co. Ltd                 Foreign Bill
Negotiation P1+           40      Assigned VMT Spinning Co. Ltd
             Letter of Credit         P1+           25     
Assigned VMT Spinning Co. Ltd                 Bank Guarantee   
    P1+           25      Assigned Wellknown Polyester Ltd  
        Letter of Credit         P2            85.5   
Assigned Wellknown Polyester Ltd              Bank Guarantee   
    P2            70      Assigned Witmans Industries       
        LOC                      P4            60     
Assigned Witmans Industries                   BG               
    P4            1       Assigned Witmans Industries       
        Line of Credit           P4            9      
Assigned Wockhardt Ltd                        CP               
    P1+           750     Reaffirmed Yes Bank Ltd.          
          PTC                      P1+(SO)       502.83 
Assigned Yes Bank Ltd. (Indian Corporate Loan Securitisation
Trust-Series XIII)    PTCs                     P1+(SO)      
502.83  Assigned Yes Bank Ltd (Indian Corporate Loan
Securitisation Trust-Series XVII)    PTCs                    
P1+(SO)       501.4   Assigned Yes Bank Ltd (Certificates
issued by Indian Corporate Loan Securitisation Trust
Series-XIX)                    PTCs                     P1+(SO)
   501.34  Assigned YES BANK Ltd                        
Series A PTC             P1+(so)       501.77  Assigned Zuari
Industries Ltd                 ST Loan                  P1     
   3000    Assigned Zuari Industries Ltd                 LOC
                  P1            3500    Assigned
----------------------------------------------------------------
 -----------------------------#: Rating Watch with Developing
implications @: Rating Watch with Negative Implications %:
Rating under Credit Watch wd -Rating Stands Withdrawn sp
-Rating Suspended NCD-Non-convertible Debentures; CP-Commercial
Paper; CD-Certificate of Deposit; CCPS-Cumulative Convertible
Preference Shares; CLO-Collateralized Loan Obligation; DDB-Deep
Discount Bond; OFCD-Optionally Fully Convertible Debenture;
PCPS- Partly Convertible Preference Share; PTC-Pass Through
Certificates; PSPC-Post Shipment & Packing Credit;
SO-Structured Obligation; STB-Short Term Bond; STD-Short Term
Debentures; BG-Bank Guarantee; PSPC-Post Shipment & Packing
Credit LOC: Letter of Credit. P1: very strong; P2: strong; P3:
adequate. CRISIL may apply + sign for rating from P1 to P3 to
reflect a comparative higher standing within the category.
----------------------------------------------------------------
 ----------------------------- 

Russian Finance Minister Alexey Kudrin poses with his G20 colleagues and central bank leaders during the family photo at the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland. REUTERS/POOL New
Pledge to support economies

G20 financial leaders pledged to prepare strategies to end emergency support for their economies, but to keep the aid flowing until recovery was assured.  Full Article | Related Story 

special coverage

Photo
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.  Full Coverage 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

SHOWCASE

Sanjay Sinha
Balancing Act

In India, it is a tough choice between growth, managing inflation and financial stability.  Full Article 

 
Nipun Mehta
Road to Recovery

There needs to be an acceptable balance created between education and healthcare and infrastructure spend, says Nipun Mehta of SG Private Banking.   Full Article 

 
Robot Asimo

Snapshots of Honda Motor's humanoid robot Asimo  Slideshow 

 
Marketing Strategy
Marketing Strategy

Companies are now using direct marketing methods to sell their products.  Full Article 

 
Exit Plans
Exit Plans

Factbox - Stimulus exit plans for Asia-Pacific's big 5 economies  Full Article