January 29, 2013 / 6:27 AM / 5 years ago

India Ratings for Indian debt instruments-Jan 29

Jan 29 (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
January 28, 2013.

COMPANY                         INSTRUMENT                RATING    AMOUNT   MOVEMENT
                                                                    (RS.MLN)
------                          ----------                ------    ------   ---------
LONG TERM RATINGS:
-------------------
Varron Aluminium Pvt Ltd       LT Issuer rating            IND BB-            Assigned
Amber Enterprises India        FB WC limits                IND A-/   1530     Assigned
Pvt Ltd                                                    IND A2+ 
Amber Enterprises India        Non-FB WC limits            IND A-/   182.5    Assigned
Pvt Ltd                                                    IND A2+
Amber Enterprises India        Long-TL                     IND A-    579.5    Assigned
Pvt Ltd
Transstroy Tirupati Tiruthani  Senior project Bk loans     IND BB+   4050     Affirmed
Chennai Tollways Pvt Ltd
Vega Entertainment Pvt Ltd     LT Issuer Rating            IND BB             Assigned
Vega Entertainment Pvt Ltd     FB WC facility              IND BB    100      Assigned
Varron Industries Ltd.         FB WC limits (sublimit      IND BB+/IND 740    Assigned
                               for bill discounting        A4+ 
                               INR250m):
Varron Industries Ltd.         LT Bk loans                 IND BB+   390      Assigned
-----------------------------------------------------------------------------------------------
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 The withdrawn criteria are now available on India Ratings' website at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wd -Rating Stands Withdrawn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.

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

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