Long-term debt programs of Indian firms rated by ICRA: PART I

September 1 (Reuters) - Below are the ratings awarded by
Investment Information Credit Rating Agency on long-term debt
issues, including debentures and bonds, of Indian companies.(
PART I) RATINGS BEEN ISSUED AND UPDATED TILL AUGUST 29, 2008
----------------------------------------------------------------
------------------------------Company

Instrument Rating Amount Movement

(Rs.mln) ------
---------- ------ ------- --------- Aarti
International Ltd FBL LBBB+

2320 Assigned ABN AMRO Securities (I) LTD

LAAA 4000 Assigned Action
Ispat & Power Ltd. Term Loans LBBB-

22500 Assigned ACC Ltd. LTD

LAA+ 6000 Reaffirmed Adani
Wilmar Limited Fund Based Limits LBBB

1280 Assigned Adarsh Developers
Line of Credit crLBBB 4500 Assigned Aditya
Birla Retail Limited Long Term Loan LA-

7300 Assigned Aditya Birla Retail Limited Fund
based WC Facilities LA- 1480 Assigned Afcons
Infrastructure Ltd Bank Guarantee facilities LAA

19000 Assigned Afcons Infrastructure Ltd
Term Loans LAA- 4000 Assigned Afcons
Infrastructure Ltd Working Capital limits LAA-

2500 Assigned AIG Global Asset Mgt Co (I) Pvt Ltd AIG
Short Term Fund mfAAA Assigned AIG Global
Inv. Group Mutual Fund AIG Short Term Fund mfAAA

Reaffirmed Akums Drugs and Pharmaceuticals Ltd Term
Loans LBBB+ 576.2 Assigned Akums Drugs
and Pharmaceuticals Ltd FB/Non FB WC facilities LBBB+
460 Assigned Andhra Pradesh Ind Dev. Corpn. Ltd. Bonds

LA(SO) 300 Withdrawn Anugraha Valve
Castings Ltd. FBL LBBB 30

Assigned Anugraha Valve Castings Ltd. Term loans

LBBB 242.4 Assigned Archies Ltd.

FBL LA 180
Assigned Archies Ltd. Non-FBL

LA 35 Assigned Ashok Leyland Ltd

LTD LAA 1000
Assigned Ashok Leyland Ltd FBL

LAA 6000 Assigned B. Seenaiah & Co.
Projects Ltd. LTD LA 133.3
Assigned B. Seenaiah & Co. Projects Ltd. LTD

LA 200 Reaffirmed B. Seenaiah & Co.
Projects Ltd. Term Loans LA 1880
Assigned B. Seenaiah & Co. Projects Ltd. Fund based
limits LA 600 Assigned B. Seenaiah & Co.
Projects Ltd. Non-fund based limits LA 1145
Assigned Bajaj Auto Fin. Ltd. NCD

LAA+# 5000 Bajaj Auto Fin. Ltd.
NCD LAA+# 875 Bajaj Auto Fin.
Ltd. NCD LAA+#
2500 Bajaj Auto Fin. Ltd. NCD

LAA+# 2625 Bajaj Motors Ltd. Long
Term Loans LA 150 Assigned Bajaj Motors
Ltd. Cash Credit Facilities LA
150 Assigned Balrampur Chini Mills Ltd. LTD

LA+ 8410 Assigned Balrampur Chini
Mills Ltd. FBL LA+
6200 Assigned Balrampur Chini Mills Ltd. NCD

LA+ 300 Reaffirmed Bank lines of
Adani Power Ltd Term Loans - LT scale LBBB
8116 Assigned Bank lines of Adani Power Ltd Non FBL -
LT scale LBBB 2860 Assigned Bank of America -
loan sec prgm Series A - IO PTCs LAAA(SO)
102.98 Assigned Bank of America - loan sec prgm Series A
- PO PTCs LAAA(SO) 650 Assigned Bank of America
- loan sec prgm Series B - IO PTCs LAAA(SO)
15.84 Assigned Bank of America - loan sec prgm Series B
- PO PTCs LAAA(SO) 100 Assigned Bank of Baroda

Lower Tier II Bond LAAA
10000 Assigned Bank of Baroda
Subordinated Bond LAAA 30090 Reaffirmed Bank
of Baroda Subordinated Bond LAAA

27000 Reaffirmed Bank of India
Lower Tier II bonds LAA+ Assigned Bank of
India Perpetual Bonds LAA

6580 Assigned Bank of India Upper
Tier II Bonds LAA 13370 Assigned Bank of
Rajasthan Lower Tier II bonds LA-

500 Assigned Bank of Rajasthan Tier
II bonds LA- 1200 Reaffirmed Bank of
Rajasthan Upper Tier II Bonds LBBB+

620 Reaffirmed Bata India Ltd.
Bank Lines of Credit LAA- 1150 Assigned Bharat
Bijlee Ltd. LT Bank Limits LAA

Assigned Bharat Earth Movers Ltd.
Issuer rating IrAAA Assigned Bharat
Electronics Ltd FBL LAAA

2000 Assigned Bharat Forge Ltd. Fund
Based Bank Limits LAA 7000 Assigned Bharat Forge
Ltd. Term Loans LAA
900 Assigned Bharat Sanchar Nigam Ltd. LTD

LAAA Reaffirmed Bharat Seats
Ltd LT Loans LA-
28 Assigned Bharat Seats Ltd Cash
credit facilities LA- 60 Assigned Bharti
Airtel Ltd. FBL LAAA

25000 Assigned Bharti Airtel Ltd. NCD

LAAA 500 Reaffirmed BHW Home
Finance Ltd. NCD LAA+

1250 Upgraded BHW Home Finance Ltd. NCD

LAA+ Reaffirmed BHW Home
Finance Ltd. NCD LAA+

2500 Assigned BHW Home Finance Ltd. LT
Bank Limit LAA+ 12320 Assigned BHW Home
Finance Ltd. NCD LAA+

2000 Assigned BHW Home Finance Ltd.
Subordinate Debt Program LAA+ 50 Assigned BHW
Home Finance Ltd. NCD LAA+

370 Assigned BHW Home Finance Ltd.
LT Bk Limits Program LAA+ 123.2 Assigned Bihar
Tubes Ltd. Fund Based Limits LA-

880 Assigned Birla Sunlife Mutual fund
Birla Cash Plus Fund mfA1+ Reaffirmed Birla
Sunlife Mutual fund Birla Floating Rate-ST mfAAA

Reaffirmed Birla Sunlife Mutual fund
Birla Floating Rate-LT mfAAA Reaffirmed BOB
Housing Fin. Ltd. NCD LAA+%

200 Bongaigaon Refinery & Petrochem FBL

LAA 4750 Assigned C.Mahendra Exports
Ltd. Long Term Loans LBBB 431.8
Assigned C.Mahendra Exports Ltd. Fund Based
Limits LBBB 1300 Assigned Cadila
Pharmaceuticals Ltd FBL-working capital LA-

1200 Assigned Cadila Pharmaceuticals Ltd BG

LA- 70 Assigned Cadila
Pharmaceuticals Ltd Term Loans LA-

3400 Assigned Canara Bank
Infrastructure Bonds LAAA 10000 Reaffirmed
Canara Bank Lower Tier II Bond
LAAA 30130 Reaffirmed Canara Bank

Lower Tier II Bonds LAAA 7000 Reaffirmed
Canara Bank Lower Tier II bonds
LAAA 4000 Reaffirmed Canara Bank

Subordinate Bonds LAAA 5750 Assigned
Canara Robeco Asset Mgt Co Ltd Canara Robeco Monthly

Interval Scheme
mfA1+ Assigned Canbank Inv. Management Serv.
Ltd. Can Liquidplus Scheme mfAAA Assigned
Canara Robeco Liquid Fund Credit Risk Rating
mfA1+ Reaffirmed Canara Robeco Liquid Fund

Credit Risk Rating mfA1+ Reaffirmed