December 8, 2014 / 5:33 AM / 3 years ago

India Ratings for Indian debt instruments - Dec 8

Dec 8 (Reuters) - Below are the ratings awarded by India Ratings and Research Private Ltd
(India Ratings), formerly known as Fitch Ratings India for local debt instruments as of
December 5, 2014.

COMPANY                         INSTRUMENT                  RATING       AMOUNT   MOVEMENT
                                                                         (RS.MLN)
------                          ----------                  ------       ------   ---------
SHORT TERM RATINGS:
-------------------
Abhiram Infra Projects Pvt Ltd  Non-FB WC limits           IND A4+      1110     Downgraded
                                                                                 from IND A3
Abhiram Infra Projects Pvt Ltd  Non-FB WC limits           IND A4+      170      Reduced from
                                                                                 INR 1,390.0 m
Religare Housing Development    CP                         IND A1+      2000     Assigned
Finance Corporation Ltd.
Religare Housing Development    ST Bk Loans                IND A1+      2000     Assigned
Finance Corporation Ltd.

LONG TERM RATINGS:
-------------------
Abhiram Infra Projects Pvt Ltd  FB WC limits               IND BB+/ A4+ 240
Downgraded Long-Term from IND BBB- and Short-Term from IND A3
Abhiram Infra Projects Pvt Ltd  FB WC limits               IND BB+/ A4+ 60       Assigned
IDFC Ltd                        LT bonds                   IND AAA      180000   Assigned
IIERT October 2014              Series B PTCs              IND A (SO)   114.5    Assigned
IIERT October 2014              Series A PTCs              IND AA (SO)  2176.2   Assigned
Lite Bite Travel Foods Pvt Ltd  TL                         IND A (SO)   240      Assigned
Mulpuri Aqua Processors Pvt Ltd Proposed long-TL           IND B(exp)   200      Assigned
Mulpuri Aqua Processors Pvt Ltd Proposed FB WC limits      IND B(exp)   85       Assigned
                                                           /A4(exp)
Religare Finvest Ltd            LT Loans                   IND AA-      100000   Assigned
Religare Finvest Ltd            LT Debentures              IND AA-      15000    Assigned
Religare Housing Development    LT Loans                   IND AA-      10000    Assigned
Finance Corporation Ltd.
STFCL CV Trust Sep 2013         Second loss credit         IND A (SO)   591.7    Affirmed
                                facility 
STFCL CV Trust Sep 2013         Series A PTCs              IND AAA (SO) 3438.4   Affirmed

-----------------------------------------------------------------------------------------------
Note:- All Indian National-scale ratings previously assigned by Fitch have been transferred to
India Ratings & Research Private Ltd (India Ratings), which is a wholly owned subsidiary of the
Fitch Group. The withdrawn criteria are now available on India Ratings' website at
www.indiaratings.co.in

$: 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

INDIA RATINGS 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 RWN- Rating
Watch Negative.

(Mumbai Rate Reporting Unit + 91 22 6180 7222 / 3317 7222, E-mail at
rru.data@thomsonreuters.com)

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