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

Mon Oct 6, 2008 11:29am IST
 
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Vinyl Chemicals                      CP                      
P1+#          80 Vimal Oil and Foods Ltd.             Letter of
Credit Limits  P4            500     Assigned Vimta Labs       
                Bank Guarantee           P1            10   
  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 Walchandnagar Industries             LoC & Bank
Guarantee     P1+           5850    Assigned Wellknown
Polyester Ltd              LOC                      P2         
  85.5    Assigned Wellknown Polyester Ltd              Bank
Guarantee           P2            70      Assigned Western
India Forgings               Bank Guarantee           P2+      
 45      Assigned Western India Forgings              
Letter Of Credit         P2+           17.5    Assigned Western
India Forgings               Buyer Credit             P2+      
 50      Assigned Whirlpool of India Ltd              
Short-Term Debt          P1+           1900    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 Wockhardt
Ltd                        PTC                      P1(SO)     
  51.2    Downgraded Wockhardt Ltd                        PTC  
                P1(SO)        500.2   Downgraded Yes Bank
Ltd.                        PTC                      P1+(SO)   
502.83  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.
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