August 21, 2012 / 6:02 AM / 5 years ago

ICRA ratings for Indian debt instruments-Aug 21

Aug 21 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of August 17 & 18, 2012.

COMPANY                                 INSTRUMENT            RATING      AMOUNT  MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----   ---------
SHORT TERM RATINGS:
-------------------
Beml Ltd                                Non-FB Fac - LC       A1+    5500    Reaffirmed
Enem Nostrum Remedies Pvt Ltd           Non-FBL               A4     2.5     Reaffirmed
Gabriel India Ltd                       ST, non fund based    A1     275     Suspended
                                        LOC and BG Fac
India Factoring And Finance             ST Bk Lines           A1     6000    Reaffirmed
Solutions Pvt Ltd
Indian Gem & Jewellery                  Non-FBL - BG          A4     20*     Reaffirmed
Imperial Pvt Ltd
*Bank Guarantee is the sublimit of Cash Credit. Total Limit not to exceed Rs 35.00 crore
Suzlon Energy Ltd                       ST credit Fac         D      -       Revised from
                                                                                   A4

LONG TERM RATINGS:
-------------------
Beml Ltd                                FB Fac                AA-    8000    Revised from
                                                                                   AA+
Beml Ltd                                Non-FB Fac - BG       AA-    12000   Revised from
                                                                                   AA+
Beml Ltd                                NCD                   AA-    3000    Revised from
                                                                                   AA+
Csj Infrastructure Pvt Ltd              TL                    BBB    9900    Reaffirmed
Enem Nostrum Remedies Pvt Ltd           FBL                   B      146     Upgraded from
                                                                                   C
Enem Nostrum Remedies Pvt Ltd           Untied/unallocated    B /    50.6    Assigned
                                        Limits                A4
Gabriel India Ltd                       LT loans & working    A      1126.2  Suspended
                                        capital Fac
Hpcl-Mittal Energy Ltd                  LT bond programme     AA-    15000   Assigned
Indian Gem & Jewellery                  FBL - CC              BB     350     Reaffirmed
Imperial Pvt Ltd
(enhanced from Rs. 29.00 earlier)
Nifty Labs Pvt Ltd                      FBL                   B      182.9   Revised from
                                                                                   D
Enhanced from Rs. 15.29 crore
Nifty Labs Pvt Ltd                      NFBL                  B      84.5    Revised from
                                                                                   D
Enhanced from Rs. 6.36 crore
Nifty Labs Pvt Ltd                      Unallocated           B      11.4    Revised from
                                                                                   D
Revised from Rs. 6.23 crore
S. S. Brothers                          FBL                   BB-    180     Suspended
Shree Shivsagar Sugar & Agro            TL                    D      400     Downgraded
Products Ltd                                                                       from BB
Shree Shivsagar Sugar & Agro            FBL                   D      80      Downgraded
Products Ltd                                                                       from BB
Suzlon Energy Ltd                       LT credit Fac         D      -       Revised from
                                                                                   BB
--------------------------------------------------------------------------------------------
$: 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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