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India Ratings for Indian debt instruments - Oct 20
October 20, 2015 / 5:28 AM / 2 years ago

India Ratings for Indian debt instruments - Oct 20

Oct 20 (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
October 19, 2015.

COMPANY                         INSTRUMENT                 RATING       AMOUNT   MOVEMENT
                                                                       (RS.MLN)
------                          ----------                 ------       ------   ---------
SHORT TERM RATINGS:
-------------------
Jai India Weaving Mills Pvt     Non-FB Fac                 IND A3       50.3     Assigned
Ltd
Shree Kankeshwari Agro Pvt      Proposed non-FB            IND A4+      8.5      Provisional
Ltd                             facility
Sri Power Generation (I) Pvt    Non-FB limit               IND A4+      31.5     Affirmed
Ltd
Wockhardt Ltd                   CP (CP)/ST debt            IND A1+      500      Assigned
                                programme

LONG TERM RATINGS:
-------------------
Indosolar Ltd                   Long-TL                    IND D        2750     Withdrawn
                                                           (suspended)
IVR Hotels And Resorts Ltd      TL                         IND D        450      Downgraded 
                                                                                 from IND B+
IVRCL Ltd                       consortium FB limits       IND D        16800    Downgraded 
                                                                                 from IND B+
IVRCL Ltd                       Long-TL                    IND D        19460    Downgraded from
                                                                                 from IND B+
IVRCL Ltd                       NCDs                       IND D        2000     Downgraded from
                                                                                 from IND B+
IVRCL Ltd                       Consortium non-FBL         IND D        48500    Downgraded 
                                                                                 from IND
                                                                                 B+/ IND A4
Jai India Weaving Mills Pvt     Long-TL                    IND BBB-     315      Assigned
Ltd
Jai India Weaving Mills Pvt     FB Fac                     IND BBB-/    182.5    Assigned
Ltd                                                        IND A3
Jai India Weaving Mills Pvt     FB Fac                     IND BBB-/    80       Provisional
Ltd                                                        IND A3
Nawa Engineers And              FB WC limits               IND D        250      Migrated from
Consultants Pvt Ltd                                        (suspended)           IND D
Nawa Engineers And              Stand-by line of           IND D        30       Migrated from 
Consultants Pvt Ltd             credit                     (suspended)           IND D  
Nawa Engineers And              TL limits                  IND D        73.8     Migrated from
Consultants Pvt Ltd                                        (suspended)           IND D
Nawa Engineers And              Non-FB WC limits           IND D        160      Migrated from 
Consultants Pvt Ltd                                        (suspended)           IND D
PES Engineers Pvt Ltd           TL                         IND A-       2        Provisional
(reduced from INR6.5m)
PES Engineers Pvt Ltd           FB WC limits               IND A-/      351.5    Affirmed/ 
                                                           IND A1                Upgraded
                                                                                 from IND A2+
(increased from INR318m)
PES Engineers Pvt Ltd           Non-FBL                    IND A-/      4221.5   Affirmed/ 
                                                           IND A1                Upgraded
                                                                                 from IND A2+
(increased from INR4,017m)
PES Engineers Pvt Ltd           FB WC limits               IND A-/      16.5     Provisional
                                                           IND A1
PES Engineers Pvt Ltd           Non-FBL                    IND A-/      55       Provisional
                                                           IND A1
Shree Kankeshwari Agro Pvt      Proposed FB Fac            IND BB+      200      Provisional
Ltd
Shree Kankeshwari Agro Pvt      Proposed long-TL           IND BB+      75       Provisional
Ltd
Shree Kankeshwari Agro Pvt      FB Fac                     IND BB+      150      Assigned
Ltd
Sri Power Generation (I) Pvt    Long-TL                    IND BB       51       Affirmed
Ltd
(reduced from INR70.1m)
-----------------------------------------------------------------------------------------------
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;
RWN- Rating Watch Evolve.

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

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