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ICRA ratings for Indian debt instruments-Nov 8
November 8, 2012 / 5:52 AM / 5 years ago

ICRA ratings for Indian debt instruments-Nov 8

Nov 8 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of November 7, 2012.

COMPANY                                 INSTRUMENT            RATING      AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------            ------      -----   ---------
SHORT TERM RATINGS:
-------------------
Amit Iron Pvt Ltd                       FBL - Channel Finance A4+    370     Assigned
Arohan Financial Services               PTC Series A1         A2+(SO)        Withdrawn
Pvt Ltd-Chloris Ifmr Capital
2012
Export Import Bank Of India             ST Debt programme     A1+    88550   Reaffirmed
Infrastructure Development              PTC Series A1         A1+(SO)        Withdrawn
Finance Co. Ltd -Frst 2011
Series I
Jaipur Rugs Company Pvt Ltd             FB Fac*               A4+    350     upgraded from
                                                                                   A4
* Fund-based facility is capped at Rs. 35 crore
Jaipur Rugs Company Pvt Ltd             Non FB Fac*           A4+    50      upgraded from
                                                                                   A4
* Fund-based facility is capped at Rs. 35 crore
Mohit Industries Ltd                    ST Fund               A4+    82.5    Reaffirmed
                                        Based/Non-Fund Based:
                                        EPC/BG
(enhanced from Rs. 2.25 crore)

MEDIUM TERM RATINGS:
-------------------
Export Import Bank Of India             Fixed Deposits        MAAA                 Reaffirmed

LONG TERM RATINGS:
-------------------
Amit Iron Pvt Ltd                       FBL - CC              BB+    100     Assigned
Axis Asset Management Co. Ltd           Axis Capital          AAAmfs         Reaffirmed
                                        Protection Oriented   (SO)
                                        Fund - Series 1
Axis Asset Management Co. Ltd           Axis Capital          AAAmfs         Reaffirmed
                                        Protection Oriented   (SO)
                                        Fund - Series 2
Axis Asset Management Co. Ltd           Axis Capital          AAAmfs         Reaffirmed
                                        Protection Oriented   (SO)
                                        Fund - Series 3
Axis Asset Management Co. Ltd           Axis Capital          AAAmfs         Reaffirmed
                                        Protection Oriented   (SO)
                                        Fund - Series 4
Ballal Developers Pvt Ltd               FB Fac -TL            B+     120     Re-affirmed
Cochin Bridge Infrastructure            TL                    A-(SO) 138.1   Revised from
Co. Ltd                                                                            A+ (SO)
Export Import Bank Of India             LT Bonds              AAA    50000   Assigned
Export Import Bank Of India             LT Bonds              AAA    199376  Reaffirmed
Export Import Bank Of India             LT Bonds              AAA    50000   Reaffirmed
Export Import Bank Of India             LT Bk Lines           AAA    30000   Reaffirmed
Fisher Sanmar Ltd                       FBL                   AA- /  300     Withdrawn
                                                              A1+
Fisher Sanmar Ltd                       NFBL                  AA- /  310     Withdrawn
                                                              A1+
Ifmr Capital Mosec Iv                   PTC Series A1         A(SO)          Withdrawn
Ifmr Capital Mosec Iv                   Subordinated          BB(SO)         Withdrawn
                                        Contribution
Mohit Industries Ltd                    LT Fund Based: CC     BB+    468     Reaffirmed
(reduced from Rs. 55.50 crore)
Mohit Industries Ltd                    LT Fund Based: TL     BB+    581.8   Reaffirmed
(reduced from Rs. 80.60 crore)
Piramal Enterprises Ltd                 NCD                   AA     3500    Assigned
Piramal Enterprises Ltd                 TL                    AA     3500    Assigned
Silkon Synthetics And Cotton            TL                    B+     70      Withdrawn
Dyeing Pvt Ltd
Silkon Synthetics And Cotton            Fund based Bk limits  B+     30      Withdrawn
Dyeing Pvt Ltd
--------------------------------------------------------------------------------------------
$: 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

ICRA 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)

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