December 8, 2016 / 4:53 AM / 8 months 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 7, 2016.

COMPANY                         INSTRUMENT             RATING           AMOUNT   MOVEMENT
                                                                        (RS.MLN)
------                          ----------             ------           ------   ---------
SHORT TERM RATINGS:
-------------------
Ambica Steels Ltd               NFB WC Limit           IND A3           150      Affirmed
Apnatech Consultancy Services   Fund Based WC Limit    IND A4+          18.4     Assigned
Pvt Ltd
Apnatech Consultancy Services   NFB WC Limit           IND A4+          94.75    Assigned
Pvt Ltd
Ch.Gowri Shankar Infra Build    NFB WC Limit           IND A4+          54.5     Assigned
(I) Pvt Ltd
Indusind Bank Ltd               ST Issuer Rating       IND A1+                   Affirmed
Iot Utkal Energy Services Ltd   NFB WC Limit           IND A1+          900      Affirmed
Reliance Jio Infocomm Ltd       Bk Loan                IND A1+          100000   Assigned
Tirumala Balaji Alloys Pvt Ltd  NFB WC Limit           IND A2+          90       Affirmed

LONG TERM RATINGS:
-------------------
Ambica Steels Ltd               LT Issuer Rating       IND BBB-                  Affirmed
Ambica Steels Ltd               Fund Based WC Limit    IND BBB-         600      Affirmed
Ambica Steels Ltd               TL                     IND BBB-         130      Affirmed
Apnatech Consultancy Services   LT Issuer Rating       IND BB                    Assigned
Pvt Ltd
Apnatech Consultancy Services   Fund Based WC Limit    IND BB           18.4     Assigned
Pvt Ltd
Au Housing Finance Ltd          CP                     WD               1000     Withdrawn
Au Housing Finance Ltd          NCD                    WD               1350     Withdrawn
Bhushan Oil And Fats Pvt Ltd    LT Issuer Rating       WD                        Withdrawn
Bhushan Oil And Fats Pvt Ltd    Fund Based WC Limit    WD               150      Withdrawn
Bhushan Oil And Fats Pvt Ltd    Fund Based WC Limit    WD               150      Withdrawn
Bhushan Oil And Fats Pvt Ltd    NFB WC Limit           WD               70       Withdrawn
Bhushan Oil And Fats Pvt Ltd    TL                     WD               30       Withdrawn
Ch.Gowri Shankar Infra Build    LT Issuer Rating       IND BB                    Assigned
(I) Pvt Ltd
Ch.Gowri Shankar Infra Build    Fund Based WC Limit    IND BB           60       Assigned
(I) Pvt Ltd
Champa Devi Foods Pvt Ltd       LT Issuer Rating       WD                        Withdrawn
Champa Devi Foods Pvt Ltd       Fund Based WC Limit    WD               100      Withdrawn
Champa Devi Foods Pvt Ltd       Fund Based WC Limit    WD               100      Withdrawn
Emgee Cables And Communications LT Issuer Rating       WD                        Withdrawn
Ltd
Emgee Cables And Communications Fund Based WC Limit    WD               137      Withdrawn
Ltd
Emgee Cables And Communications Fund Based WC Limit    WD               137      Withdrawn
Ltd
Emgee Cables And Communications NFB WC Limit           WD               200      Withdrawn
Ltd
Emgee Cables And Communications TL                     WD               0.6      Withdrawn
Ltd
Iiert December 2014             Series B PTC           IND A-(SO)       13.7     Affirmed
Iiert December 2014             Series A PTC           IND AA(SO)       260.9    Affirmed
Indusind Bank Ltd               Bond                   IND AA           3080     Affirmed
Indusind Bank Ltd               LT Issuer Rating       IND AA+                   Affirmed
Indusind Bank Ltd               Bond                   IND AA+          5000     Affirmed
Indusind Bank Ltd               Bond                   IND AA+          15000    Affirmed
Indusind Bank Ltd               Bond                   WD               1150     Withdrawn
Iot Utkal Energy Services Ltd   LT Issuer Rating       IND AA                    Affirmed
Iot Utkal Energy Services Ltd   NFB WC Limit           IND AA           900      Affirmed
Ln Fields Pvt Ltd.              LT Issuer Rating       IND B                     Affirmed
Ln Fields Pvt Ltd.              Fund Based WC Limit    IND B            120      Affirmed
Reliance Jio Infocomm Ltd       LT Issuer Rating       IND AAA                   Assigned
Reliance Jio Infocomm Ltd       Bk Loan                IND AAA          100000   Assigned
Sharmanji Yarns Pvt Ltd         LT Issuer Rating       WD                        Withdrawn
Sharmanji Yarns Pvt Ltd         Fund Based WC Limit    WD               800      Withdrawn
Sharmanji Yarns Pvt Ltd         Fund Based WC Limit    WD               800      Withdrawn
Sharmanji Yarns Pvt Ltd         NFB WC Limit           WD               32.1     Withdrawn
Sharmanji Yarns Pvt Ltd         NFB WC Limit           WD               32.1     Withdrawn
Sharmanji Yarns Pvt Ltd         TL                     WD               1073     Withdrawn
Srithik Ispat (P) Ltd           LT Issuer Rating       IND D                     Affirmed
Srithik Ispat (P) Ltd           Fund Based WC Limit    IND D            180      Affirmed
Srithik Ispat (P) Ltd           NFB WC Limit           IND D            3        Affirmed
Srithik Ispat (P) Ltd           TL                     IND D            41.38    Affirmed
Tirumala Balaji Alloys Pvt Ltd  LT Issuer Rating       IND BBB+                  Affirmed
Tirumala Balaji Alloys Pvt Ltd  Fund Based WC Limit    IND BBB+         110      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;
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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