September 17, 2012 / 6:08 AM / 5 years ago

FITCH ratings for Indian debt instruments-Sep 17

Sep 17 (Reuters) - Below are the ratings awarded by Fitch Ratings India Private Ltd. (fitch)
for local debt instruments as of September 13 & 14, 2012.

COMPANY                       INSTRUMENT             RATING                AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                        ----------             ------                ------   ---------
SHORT TERM RATINGS:
-------------------
Kail Ltds                     non-FB limits          IND A2                 2250  Assigned
Shahi Exports Pvt Ltd         FB WC limits           IND A2+                5200  Assigned
Value Industries Ltd          non-FB limits          IND A2+                2875  Assigned
Videocon Industries Ltds      CP                     IND A1                 4500  Assigned
   
LONG TERM RATINGS:
-------------------  
Alankit Health Care Ltds      FB WC credit limits    IND BBB-/IND A3        6.75  Suspended
Alankit Health Care Ltds      non-FB WC credit       IND BBB-/IND A3          64  Suspended
                              limits
Alankit Life Care Ltds        FB WC credit limits    IND BB-nm /             100  Withdrawn
                                                     IND A4+nm
Kail Ltds                     FB limits              IND BBB                2000  Assigned
Kail Ltds                     LT Bk loans            IND BBB              4794.7  Assigned
Shahi Exports Pvt Ltd         TL                     IND A-                 4350  Assigned
Shetron Ltds                  TL                     IND D                 539.7 Downgraded from
                                                                                  IND BBnm
enhanced from INR524.9m
Shetron Ltds                  FB WC limits           IND D / IND D         237.5 Downgraded from
                                                                                  IND BBnm /IND
                                                                                  A4+nm
Shetron Ltds                  non-FB limits          IND D / IND D           350 Downgraded from
                                                                                  IND BBnm / IND
                                                                                  A4+nm
Techno Electronics Ltds       TL                     IND A-(SO)             1695  Assigned
Techno Electronics Ltds       non-FB limits          IND A-(SO) /            850  Assigned
                                                     IND A1(SO)
Techno Electronics Ltds       FB limits              IND A-(SO)             1250  Assigned
                                                     /IND A1(SO)
Value Industries Ltd          FB limits              IND BBB+               2250  Assigned
Value Industries Ltd          LT Bk loans            IND BBB+             1940.8  Assigned
Videocon Industries Ltds      long-TL                IND A-                44308  Assigned
Videocon Industries Ltds      FB WC limits           IND A / IND A1         6980  Assigned
Videocon Industries Ltds      fungible WC            IND A / IND A1         2520  Assigned
--------------------------------------------------------------------------------------------
$: 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
nm -Non Monitored
FITCH 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