Long-term debt programs of Indian firms rated by CRISIL:Part III

Securitisation Trust August I 2006) PTC(Series A1-2)
AAA(so) 543.9 Assigned Tata Motors Ltd (issued by BHPC
Auto Securitization Trust December 2003 originated by Tata
Motors Ltd) PTC(Series A2) AAA(so) 1138.5
Withdrawn Tata Motors Ltd. (BHPC Auto Securitisation Trust
August I 2006) PTC(Series A2) AAA(so) 990.6
Assigned Tata Motors Ltd (issued by BHPC Auto Securitization
Trust Dec-II 2003 originated by Tata Motors Ltd.)
PTC(Series A2) AAA(so) 329.3 Withdrawn Tata
Motors Ltd (issued by Auto Securitisation Trust June 2004
originated by Tata Motors Ltd) PTC(Series A2)
AAA(so) 277.5 Withdrawn Tata Motors Ltd. (BHPC Auto
Securitisation Trust August I 2006) PTC(Series A3)
AAA(so) 447.3 Assigned Tata Motors Ltd (issued by BHPC
Auto Securitization Trust Dec-II 2003 originated by Tata Motors
Ltd.) PTC(Series A3) AAA(so) 321.7
Withdrawn Tata Motors Ltd (issued by BHPC Auto Securitization
Trust Dec-II 2003 originated by Tata Motors Ltd.)
PTC(Series A4) AAA(so) 325.1 Withdrawn Tata
Power Co. Ltd Cash Credit/Working

Capital Demand Loan
AA 12750 Assigned Tata Power Co. Ltd

NCD AA 10000 Assigned
Tata Power Co. Ltd NCD
AA 7700 Withdrawn Tata Power Co. Ltd

NCD AA 7300 Reaffirmed
Tata Power Co. Ltd Over Draft/Working

Capital Demand Loan
AA 200 Assigned Tata Power Co. Ltd

NCD AA 5000 Downgraded
Tata Sons Ltd NCD
AAA 2500 Assigned Tata Sons Ltd

NCD AAA 10000 Assigned
Tata Sons Ltd NCD
AAA 11500 Reaffirmed Tata Sons Ltd

NCD AAA 15000 Assigned
Tata Sons Ltd NCD
AAA 20680 Reaffirmed Tata Sons Ltd

NCD AAA 25680 Reaffirmed
Tata Sons Ltd NCD
AAA 38500 Reaffirmed Tata Sons Ltd

NCD AAA 40680 Reaffirmed
Tata Sons Ltd NCD
AAA 42000 Reaffirmed Tata Sons Ltd

NCD AAA 52000 Reaffirmee
Tata Sons Ltd NCD
AAA 5000 Assigned Tata Sons Ltd

NCD AAA 57000 Reaffirmed
Tata Sons Ltd NCD
AAA 3000 Reaffirmed Tata Steel Ltd

NCD AA+ 8150 Revised
Tata Sons Ltd NCD
AAA 65000 Reaffirmed Tata Sons Ltd

Term Loan AAA 10400 Reaffirmed
Tata Sons Ltd Overdraft Facility
AAA 500 Reaffirmed Tata Teleservices Ltd

Term Loan A 73810 Reaffirmed
Tata Teleservices Ltd Cash Credit A

3400 Reaffirmed Tata Toyo Radiator

Long Term Loans AA- 430 Assigned
Tata Toyo Radiator Cash Credit
AA- 300 Assigned Tata Visteon Automotive

Term Loan Facilities BBB- 425 Assigned
Tata Visteon Automotive Cash Credit Limit
BBB- 40 Assigned Tata Yazaki Autocomp

Long Term Loans BBB+ 510 Assigned
Tata Yazaki Autocomp Cash Credit
BBB+ 270 Assigned TD Power Systems Ltd

Cash Credit Limits A+ 75 Assigned TD
Power Systems Ltd Long Term Loan A+

192 Assigned Techno Electric & Engineering
Cash Credit Limits AA- 159.5 Assigned Techno
Electric & Engineering Export Packing Credit AA-

35 Assigned Techno Electric & Engineering O/D
Limits AA- 5 Assigned Technocraft
Industries Cash Credit A+
10 Assigned Technocraft Industries Term Loan

A+ 480 Assigned Technocraft
Industries Cash Cr./Exp Packing Cr.

/Foreign Bill Discounting
A+ 40 Assigned Telsa Transformers

Cash Credit BB+ 40 Assigned
Telsa Transformers Term Loan
BB+ 18.5 Assigned Teracom

Cash Credit Limit A- 937.6 Assigned
Teracom Term Loan
A- 140 Assigned Teracom

Long Term Bank Facility A- 562.5 Assigned
Tessitura Monti India Pvt Ltd Term Loan
A- 962.9 Assigned Tessitura Monti India Pvt Ltd

Cash Credit A- 150 Assigned
Dhampur Sugar Mills Ltd NCD
BBB+ 290 Withdrawn Madras Aluminium Company Ltd

CC/WC Demand Loan/LOC AA-% 400 Reaffirmed
Thomas Cook (India) Ltd Proposed LT Facilities
AA- 68 Assigned Thomas Cook (India) Ltd

Cash Credit-Book Debt AA- 1582 Assigned
Tinplate Co. of India Ltd NCD
AAA(so)# 500 Time Technoplast Cash
Credit AA- 1000 Assigned
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----------------------------#: Rating Watch with Developing
implications @: Rating Watch with Negative Implications %:
Rating under Credit Watch wd -Rating Stands Withdrawn sp
-Rating Suspended CCPS-Cumulative Convertible Preference Share;
CPS-convertible preference shares; DDB-Deep Discount Bond;
EPBI-Exchange premium bond; FRB/FRN-Floating Rate Bond/Note;
FRD-floating rate debentures; MOCD-multiple option convertible
debenture; MTN-medium term notes; NCB- non-convertible bond;
NCD(SO)-Non Convertible Debenture-(Structured Obligation);
NCD-Non- Convertible Debenture; 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; POCD-partly optional convertible debentures;
PP-privately placed; PS-Preference Shares; PTC-Pass Through
Certificates; RPS-Redeemable Preference Shares; SCPN-secured
convertible preference notes; SDO-Structured Debt Obligation;
SLR-Statutory Liquidity Ratio; SPN-secured premium notes;
TB-Taxable Bond; TFB-Tax Free Bond; TOCD-triple option
convertible debentures CRISIL may apply + or - signs for
ratings from AA to C to reflect a comparative standing within
the category.
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