December 5, 2016 / 4:46 AM / 8 months ago

India Ratings for Indian debt instruments - Dec 5

13 Min Read

Dec 5 (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 2, 2016.

COMPANY                         INSTRUMENT             RATING           AMOUNT   MOVEMENT
                                                                        (RS.MLN)
------                          ----------             ------           ------   ---------
SHORT TERM RATINGS:
-------------------
Globe Forex & Travels Ltd       NFB WC Limit           IND A2+          30       Affirmed
Globe Forex & Travels Ltd       NFB WC Limit           IND A2+          40       Affirmed
Gujarat Gas Ltd                 Bk Loan                IND A1+          20000    Affirmed
Gujarat Gas Ltd                 CP                     IND A1+          350      Affirmed
Gujarat Gas Ltd                 Fund/NFB WC Limit      IND A1+          12000    Affirmed
India Glycols Ltd               NFB WC Limit           IND A3+          6056     Assigned
India Glycols Ltd               Fund Based WC Limit    IND A3+          4150     Assigned
India Glycols Ltd               NFB WC Limit           IND A3+          8220     Assigned
Jindal Infrastructure           NFB WC Limit           IND A4           40       Assigned
Jindal-Prl Infrastructure       NFB WC Limit           IND A4           90       Assigned
Jumax Foam Pvt Ltd              Fund Based WC Limit    IND A4+          50       Assigned
Jumax Foam Pvt Ltd              NFB WC Limit           IND A4+          50       Assigned
Khalatkar Construction          NFB WC Limit           IND A4+          135      Assigned
Prateek Alloys Pvt Ltd          NFB WC Limit           IND A4           120      Affirmed
Pre Unique (I) Pvt Ltd          Fund Based WC Limit    IND A4           10       Assigned
Pre Unique (I) Pvt Ltd          NFB WC Limit           IND A4           100      Assigned
Rural Electrification           CP                     IND A1+          50000    Affirmed
Corporation Ltd
Rural Electrification           CP                     IND A1+          20000    Affirmed
Corporation Ltd
Shape Engineering Company Pvt   Fund Based WC Limit    IND A4           105      Assigned
Ltd
Shape Engineering Company Pvt   NFB WC Limit           IND A4           5.8      Assigned
Ltd
Yogesh Chaudhry                 Fund Based WC Limit    IND A4+          50       Assigned
Yogesh Chaudhry                 NFB WC Limit           IND A4+          70       Assigned

LONG TERM RATINGS:
-------------------
Bscpl Aurang Tollway Ltd        Bk Loan                IND B+           8560     RWN
Educomp Solutions Ltd           LT Issuer Rating       WD                        Withdrawn
Educomp Solutions Ltd           Debentures             WD               200      Withdrawn
Educomp Solutions Ltd           Fund Based WC Limit    WD               800      Withdrawn
Educomp Solutions Ltd           Fund Based WC Limit    WD               800      Withdrawn
Educomp Solutions Ltd           NFB WC Limit           WD               3270     Withdrawn
Educomp Solutions Ltd           NFB WC Limit           WD               3270     Withdrawn
Educomp Solutions Ltd           TL                     WD               2640     Withdrawn
Globe Forex & Travels Ltd       LT Issuer Rating       IND A-                    Affirmed
Globe Forex & Travels Ltd       Fund Based WC Limit    IND A-           150      Affirmed
Globe Forex & Travels Ltd       Fund Based WC Limit    IND A-           80       Affirmed
Green Infra Wind Power          Bk Loan                IND BBB          6290     Assigned
Generation Ltd
Green Infra Wind Power          CC                     IND BBB          300      Assigned
Generation Ltd
Green Infra Wind Power          LOC                    IND BBB          2500     Assigned
Generation Ltd
Gujarat Gas Ltd                 LT Issuer Rating       IND AA                    Affirmed
Gujarat Gas Ltd                 Bk Loan                IND AA           20000    Affirmed
Gujarat Gas Ltd                 Fund/NFB WC Limit      IND AA           12000    Affirmed
Gvns Tollway Pvt Ltd            Bk Loan                IND BB           360      RWN
Gvr Ajmer Nagaur Tollway Pvt LtdBk Loan                IND BB           3187.5   RWN
Gvr Nagaur Bikaner Tollway Pvt  Bk Loan                IND BB           3150     RWN
Ltd
Hkr Roadways Ltd                Bk Loan                IND B            15250    RWN
India Glycols Ltd               LT Issuer Rating       IND BBB                   Assigned
India Glycols Ltd               Bk Loan                IND BBB          1443     Assigned
India Glycols Ltd               Fund Based WC Limit    IND BBB          4150     Assigned
India Grid Trust                LT Senior Debt         IND AAA                   Assigned
Indore Dewas Tollways Ltd       Bk Loan                IND B            4500     RWN
Indore Dewas Tollways Ltd       Bk Loan                IND B            1761.3   RWN
Jalandhar Amritsar Tollways Ltd Bk Loan                IND B-           2118.6   RWN
Jindal Infrastructure           LT Issuer Rating       IND B+                    Assigned
Jindal Infrastructure           Fund Based WC Limit    IND B+           50       Assigned
Jindal-Prl Infrastructure       LT Issuer Rating       IND B+                    Assigned
Jindal-Prl Infrastructure       Fund Based WC Limit    IND B+           30       Assigned
Jumax Foam Pvt Ltd              LT Issuer Rating       IND BB+                   Assigned
Jumax Foam Pvt Ltd              Fund Based WC Limit    IND BB+          50       Assigned
Khalatkar Construction          LT Issuer Rating       IND BB                    Assigned
Khalatkar Construction          Fund Based WC Limit    IND BB           27.5     Assigned
Khalatkar Construction          TL                     IND BB           27.6     Assigned
Prateek Alloys Pvt Ltd          LT Issuer Rating       IND B+                    Affirmed
Prateek Alloys Pvt Ltd          Fund Based WC Limit    IND B+           100      Affirmed
Pre Unique (I) Pvt Ltd          LT Issuer Rating       IND B-                    Assigned
Pre Unique (I) Pvt Ltd          Fund Based WC Limit    IND B-           10       Assigned
Raipur Development Authority    Bk Loan                IND BBB+         880      Affirmed
Raipur Development Authority    Bk Loan                IND BBB+         3814     Affirmed
Ricoh India Ltd                 LT Issuer Rating       IND BBB-                  RWP
Ricoh India Ltd                 NCD                    IND BBB-         2000     RWP
Ricoh India Ltd                 CP                     WD               3000     Withdrawn
Rural Electrification           LT Issuer Rating       IND AAA                   Affirmed
Corporation Ltd
Rural Electrification           Debenture              IND AAA          150000   Affirmed
Corporation Ltd
Rural Electrification           Debenture              IND AAA          230030   Affirmed
Corporation Ltd
Rural Electrification           Debenture              IND AAA          301280   Affirmed
Corporation Ltd
Rural Electrification           Debenture              IND AAA          252670   Affirmed
Corporation Ltd
Rural Electrification           Debenture              IND AAA          155520   Affirmed
Corporation Ltd
Rural Electrification           Debenture              IND AAA          130940   Affirmed
Corporation Ltd
Rural Electrification           Debenture              IND AAA          101700   Affirmed
Corporation Ltd
Rural Electrification           Debenture              IND AAA          58494    Affirmed
Corporation Ltd
Rural Electrification           Debenture              IND AAA          36462    Affirmed
Corporation Ltd
Rural Electrification           Debenture              IND AAA          15680    Affirmed
Corporation Ltd
Rural Electrification           Debenture              IND AAA          3150     Affirmed
Corporation Ltd
Rural Electrification           CP                     WD               150000   Withdrawn
Corporation Ltd
Rural Electrification           CP                     WD               6000     Withdrawn
Corporation Ltd
Rural Electrification           Debenture              WD               110000   Withdrawn
Corporation Ltd
Rural Electrification           Debenture              WD               84000    Withdrawn
Corporation Ltd
Rural Electrification           Debenture              WD               8500     Withdrawn
Corporation Ltd
Rural Electrification           Debenture              WD               10000    Withdrawn
Corporation Ltd
Rural Electrification           ST Debt                WD               30000    Withdrawn
Corporation Ltd
Rural Electrification           ST Debt                WD               25000    Withdrawn
Corporation Ltd
Rural Electrification           ST Debt                WD               75000    Withdrawn
Corporation Ltd
Rural Electrification           ST Debt                WD               50000    Withdrawn
Corporation Ltd
Rural Electrification           ST Debt                WD               25000    Withdrawn
Corporation Ltd
Rural Electrification           ST Debt                WD               25000    Withdrawn
Corporation Ltd
Rural Electrification           ST Debt                WD               50000    Withdrawn
Corporation Ltd
Rural Electrification           ST Debt                WD               50000    Withdrawn
Corporation Ltd
Shape Engineering Company Pvt   LT Issuer Rating       IND B                     Assigned
Ltd
Shape Engineering Company Pvt   Fund Based WC Limit    IND B            105      Assigned
Ltd
Surendra Steels Pvt Ltd         LT Issuer Rating       IND BB+                   Assigned
Surendra Steels Pvt Ltd         Fund Based WC Limit    IND BB+          410      Assigned
Surendra Steels Pvt Ltd         TL                     IND BB+          36.1     Assigned
Uttarakhand Uthan Samiti        Fund Based WC Limit    WD               204.5    Withdrawn
Uttarakhand Uthan Samiti        TL                     WD               75.5     Withdrawn
Yogesh Chaudhry                 LT Issuer Rating       IND BB-                   Assigned
Yogesh Chaudhry                 Fund Based WC Limit    IND BB-          50       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; 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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