Long-term debt programs of Indian firms rated by CARE =7

The Indian Hume Pipe Company Ltd. Fund based
A+ 600 Assigned The Indian Hume Pipe Company Ltd.

Term loan A+ 280 Assigned The
Indian Hume Pipe Company Ltd. Non fund based
A+/PR1+ 905 Assigned The South Indian Bank Ltd.

Tier II Bond A 650 Reaffirmed
Tourism Fin. Corp. of India Ltd Bonds
A 927.2 Reaffirmed Toyo Engineering Ltd.

Fund based/ A+ Assigned
Toyo Engineering Ltd. Non fund based
A+/PR1+ 2320 Assigned Trent Ltd.

NCD AA 656 Reaffirmed
Tulip IT Serv. Ltd. Bank Facility Rating
A+/PR1 2911 Assigned UAL Industries Ltd.

Term Loan BBB 276.1 Assigned UAL
Industries Ltd. FBL BBB

292.5 Assigned UAL Industries Ltd.
Non FBL BBB/PR3 230 Assigned UCO Bank

Tier II Bonds AA
11000 Reaffirmed UCO Bank
Upper Tier II Bonds

[Proposed]
AA- 3200 Assigned UCO Bank

Upper Tier II Bonds AA- 3000 Assigned UCO
Bank Perpetual Bonds AA-

1500 Reaffirmed UIC Udyog Ltd.
Bank Facilities A-/PR1 575 Assigned Union
Bank of India Tier II Bonds AA+

8000 Reaffirmed Unison Hotels Ltd.
NCD BBB+ 1150 Upgraded United
Bank of India Tier II Bonds AA

2500 Assigned United Bank of India
Tier II Bonds(Ser.II, AA 7000 Reaffirmed

III,IV,V) United Bank of
India Tier II Unsecured & Sub AA 3000

Assigned

Promissory Note(Ser.II)
United Bank of India Tier II Unsecured Sub
AA 1000 Assigned

Bond Issue(Ser.III)
United Bank of India Tier II Unsecured Sub
AA 2000 Assigned

Bond Issue(Ser.IV) United
Bank of India Upper Tier II Bonds AA-

Reaffirmed United Phosphorus Ltd.
NCD AA 800 Reaffirmed United
Western Bank Subordinated Tier II Bond B+#

862 United Western Bank Ltd. Tier II Bonds

AA+ 862 Upgraded (Now transferred to IDBI
Ltd.) Viceroy Hotels Ltd. NCD

A- 500 Assigned Vidarbha Irrigation
Development Corp. Bonds BBB+(SO) 3041.8
Upgraded Videocon Industries Ltd. NCD

AA+(SO) 1250 Reaffirmed Videocon Industries
Ltd. NCD AA+(SO) 1350
Reaffirmed Vijay Bank Tier II Bonds

AA+ Assigned Vijay Bank

Tier II Subordinated AA+ 2500
Retained

Bonds(Ser.I) Vijay Bank

Tier II Subordinated AA+
2500 Assigned

Bonds(Ser.II) Vijaya Bank

Perpetual Bonds AA
3000 Assigned Vijaya Bank Tier
II Bonds AA+ 2000 Assigned Vijaya Bank

Tier II Bonds(Ser.I & II) AA+
5000 Reaffirmed Vijaya Bank
Upper Tier II Bonds AA 3000 Reaffirmed Viraj
Profiles Ltd. Term Loan BBB+

4108.6 Assigned Viraj Profiles Ltd.
FBL BBB+ 16104.9 Assigned Viraj
Profiles Ltd. Non FBL
BBB+/PR2+ 9551.5 Assigned Welspun Gujarat Stahl Rohren Ltd

NCD A+ 3000 Reaffirmed
Welspun Gujarat Stahl Rohren Ltd. Fund based
A+ 2500 Assigned Welspun Gujarat Stahl Rohren Ltd.

Term Loan A+ 13936.9 Assigned
Welspun Gujarat Stahl Rohren Ltd. Non fund based
A+/PR1+ 42000 Assigned West Bengal Financial Corporation

Non SLR Bonds BBB+(SO) 495 Reaffirmed
West Bengal Infrastructure Dev. Bonds
A(SO) 100 Assigned West Bengal Infrastructure Dev.

Bonds(Ser.IB) A(SO) 20000 Reaffirmed
West Bengal Infrastructure Dev. Bonds(Ser.OPQRST & XYZ)
A-(SO) 19566 Reaffirmed Yes Bank Ltd.

Upper Tier II Bonds A+ 3826 Reaffirmed
Yes Bank Ltd. Perpetual Bonds
A+ 1161 Reaffirmed Yes Bank Ltd.

Tier II Bonds AA- 1900 Reaffirmed
Yes Bank Ltd. Subordinate Tier II Bonds
AA- 1070 Assigned Yes Bank Ltd.

Upper Tier II Bonds A+ 2940 Assigned Yes
Bank Ltd. Upper Tier II Bonds A+

2800 Assigned
----------------------------------------------------------------
-----------------------------#: 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; 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
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