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

August 25 (Reuters) - Below are the ratings awarded by Credit
Rating Information Service of India (CRISIL) for debentures
(Part II): RATINGS BEEN ISSUED AND UPDATED TILL AUGUST 22, 2008
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------------------------------Company

Instrument Rating Amount Movement

(Rs.mln) ------
---------- ------ ------- --------- Haldia
Steels Ltd Cash Credit BB

225 Assigned Haldia Steels Ltd Term
Loans BB 356.8 Assigned Haresh
Petrochem Pvt Ltd Cash Credit Limits BBB+

80 Assigned Haryana Vidyut Prasaran Nigam Ltd
Corporate Credit Rating CCR BB+ Assigned HDFC
Asset Mgt. Co. Ltd HDFC Capital Guard-
AAA(so) Assigned

Series I(3 Yrs Plan) HDFC
Asset Mgt. Co. Ltd HDFC Capital Guard-
AAA(so) Assigned

Series I(Five-Years Plan)
HDFC Bank Ltd. PTC(Series A2)
AAA(so) 1466.85 Assigned HDFC Bank Ltd(issued by Retail
Trust Dec 2004 originated by HDFC Bk Ltd) PTC(Series A2)

AAA(so) 636.9 Withdrawn HDFC Bank Ltd.

PTC(Series A3) AAA(so) 849.08
Assigned HDFC Bank Ltd(issued by Retail Trust Dec 2004
originated by HDFC Bk Ltd) PTC(Series A3) AAA(so)

697.5 Withdrawn HDFC Bank Ltd.
PTC(Series A4) AAA(so) 78.62 Assigned HDFC
Bank Ltd(issued by Retail Trust Mar 2005 originated by HDFC Bk
Ltd) PTC(Series A4-3) AAA(so) 384.6 Withdrawn
HDFC Bank Ltd. PTC(Series A5)
AAA(so) 70.41 Assigned HDFC Bank Ltd(issued by Retail
Trust Mar 2005 originated by HDFC Bk Ltd) PTC(Series A7)

AAA(so) 471.4 Withdrawn HDFC Bank Ltd.

PTC Liquidity facility AAA(so) 48.85
Assigned HDFC Bank Ltd. PTC Second loss

BBB(so) 132.59 Assigned

credit collateral Hero
Cycles Ltd Cash Credit Limit AA

750 Assigned Hero Cycles Ltd
NCD AA 50 Reaffirmed Hero
Honda Finlease Ltd LT Bank Facility AA+

920 Reaffirmed Hero Honda Finlease Ltd
NCD AA+ 50 Reaffirmed Hero
Honda Finlease Ltd ST Bank Facility AAA

1500 Assigned Hero Honda Motors Ltd
NCD AAA 150 Reaffirmed Hero
Honda Motors Ltd Cash Credit Limit AAA

1250 Assigned Himadari Chem. & Industries Ltd
Corporate Credit Rating CCR AA- Assigned Himedia
Laboratories Term Loan BBB+

270 Assigned Himedia Laboratories Cash
Credit BBB+ 180 Assigned Himedia
Laboratories Bill Discounting (Within

Cash Credit limits)
BBB+ 70 Assigned Himedia Laboratories

Export Packing Credit -

Within Cash Credit limits
BBB+ 40 Assigned Himedia Laboratories

Export Bill Negotiation /

Discounting (Within

CashCredit limits)
BBB+ 40 Assigned Himedia Laboratories

Stand by LOC - Exports BBB+ 8 Assigned
Himedia Laboratories Stand by LOC - Domestic
BBB+ 11.4 Assigned Hindalco Industries Ltd

Rupee Term Loans AA 62000 Assigned
Hindalco Industries Ltd Cash Credit /Overdraft
AA 5500 Assigned Hindalco Industries Ltd

NCD AA 10390 Reaffirmed
Hindalco Industries Ltd NCD
AAA@ 15940 Hindustan Petroleum Corporation Ltd Term
Loans AAA 20000 Assigned Hindustan
Petroleum Corporation Ltd External Commercial

Borrowings
AAA 10000 Assigned Hindustan Petroleum Corporation
Ltd Cash Credit AAA 40000 Assigned
Hindustan Unilever Ltd Cash Credit Limit
AAA 7570 Assigned Hindustan Unilever Ltd

LT Bank Facility AAA 1580 Assigned
Hindustan Zinc Cash Credit
AAA 2000 Assigned Hindustan Zinc

Letter of Credit &

Bank Guarantee
AAA 8000 Assigned Housing Dev. Fin. Corp. Ltd

NCD AAA 250000 Assigned
Housing Dev. Fin. Corp. Ltd NCD
AAA 350000 Reaffirmed Housing Dev. Fin. Corp. Ltd

Bonds AAA 197850 Reaffirmed
Housing Dev. Fin. Corp. Ltd Subordinated Bonds
AAA 20000 Reaffirmed Housing Dev. Fin. Corp. Ltd

NCD AAA 200000 Assigned
HSBC Asset Mgt. (I) Pvt. Ltd Capital Protection
AAA(so) Assigned

Series 2(Five-Year Plan)
HSBC Asset Mgt. (I) Pvt. Ltd Capital Protection
AAA(so) Assigned

Series 1(Three-Year Plan)
HT Media Ltd NCD
AA 2500 Assigned H Vinod Kumar & Company

Term Loan BBB- 40 Assigned
Hy-Tech Engineers Term Loan Facilities
BB+ 76.6 Assigned Hy-Tech Engineers

Cash Credit Facilities BB+ 6 Assigned
IBCL Trust Series-I under IDBI BK's securitisation programme

Series A1 PTCs AA+(so) 263.67
Assigned ICICI Bank (direct assignment of new car loan
receivables) Acquirer's share AAA(so)

2877.2 Assigned ICICI Bank (direct assignment of new
Deferred Purchase car loan receivables)
Consideration AAA(so) 62600 Assigned ICICI
Bank (direct assignment of new car loan receivables

Liquid facility AAA(so) 18400 Assigned
ICICI Bank Ltd Tier I Perpetual Bonds
AAA 17000 Reaffirmed ICICI Bank Ltd

Liquid facility AAA(so) 284.4 Assigned
ICICI Bank Ltd Perpetual Tier I Bonds
AAA 7000 Assigned ICICI Bank Ltd

PTC AAA(so) 1540.1 Assigned
ICICI Bank Ltd PTC
AAA(so) 508.5 Assigned ICICI Bank Ltd

PTC(Series A3) AAA(so) 1231.2 Assigned
ICICI Bank Ltd PTC(Series A4)
AAA(so) 565.1 Assigned ICICI Bank Ltd

PTC(Series A5) AAA(so) 299 Assigned
ICICI Bank Ltd (Indian Retail ABS (IRABS) Trust Series 51)

PTC Series A1 BBB+ 811.5 Revised
ICICI Bank Ltd (Indian Retail ABS (IRABS) Trust Series 51)

PTC Series IO-A2 BBB+ 13.1 Revised
ICICI Bank Ltd (Indian Retail ABS (IRABS) Trust Series XLII)

PTC Series A2 AA-(so) 1988.5 Revised