December 15, 2016 / 6:29 AM / 8 months ago

India Ratings for Indian debt instruments - Dec 15

Dec 15 (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 14, 2016.

COMPANY                         INSTRUMENT             RATING           AMOUNT   MOVEMENT
                                                                        (RS.MLN)
------                          ----------             ------           ------   ---------
SHORT TERM RATINGS:
-------------------
Gsk Infrastructures             Fund Based WC Limit    IND A4+          10       Assigned
Gsk Infrastructures             NFB WC Limit           IND A4+          60       Assigned
Primacy Industries Ltd          Fund Based WC Limit    IND A3+          1000     Upgraded from
                                                                                 IND A3
Primacy Industries Ltd          NFB WC Limit           IND A3+          200      Upgraded from
                                                                                 IND A3
S.A.Aanandan Spinning Mills Pvt Fund Based WC Limit    IND A4+          450      Assigned
Ltd
S.A.Aanandan Spinning Mills Pvt NFB WC Limit           IND A4+          67       Assigned
Ltd
The Mohan Goldwater Breweries   Fund Based WC Limit    IND A4+          50       Assigned
Ltd
Trident Chemphar Ltd            Fund Based WC Limit    IND A2+          80       Affirmed
Trident Chemphar Ltd            NFB WC Limit           IND A2+          200      Affirmed
Trident Chemphar Ltd            NFB WC Limit           IND A2+          3420     Affirmed

LONG TERM RATINGS:
-------------------
Abhijeet Ferrotech Ltd          LT Issuer Rating       WD                        Withdrawn
Abhijeet Ferrotech Ltd          Fund Based WC Limit    WD               702      Withdrawn
Abhijeet Ferrotech Ltd          NFB WC Limit           WD               1178.1   Withdrawn
Abhijeet Ferrotech Ltd          TL                     WD               6807.5   Withdrawn
Gsk Infrastructures             LT Issuer Rating       IND BB                    Assigned
Gsk Infrastructures             Fund Based WC Limit    IND BB           10       Assigned
Jubilant Offshore Drilling Pvt  LT Issuer Rating       WD                        Withdrawn
Ltd
Jubilant Offshore Drilling Pvt  Bk Loan                WD               13400    Withdrawn
Ltd
Kvm Steels Pvt Ltd              LT Issuer Rating       WD                        Withdrawn
Kvm Steels Pvt Ltd              Fund Based WC Limit    WD               100      Withdrawn
Kvm Steels Pvt Ltd              Fund Based WC Limit    WD               100      Withdrawn
Lakshmi Gold Khazaanaa Pvt Ltd  LT Issuer Rating       WD                        Withdrawn
Lakshmi Gold Khazaanaa Pvt Ltd  Fund Based WC Limit    WD               1735     Withdrawn
Lakshmi Gold Khazaanaa Pvt Ltd  Fund Based WC Limit    WD               1735     Withdrawn
Lakshmi Gold Khazaanaa Pvt Ltd  TL                     WD               303      Withdrawn
Magma Fincorp Ltd               Bk Loan                IND AA-          2000     Assigned
Magma Fincorp Ltd               Bk Loan                IND AA-          1000     Assigned
Magma Fincorp Ltd               NCD                    IND AA-          2500     Assigned
Primacy Industries Ltd          LT Issuer Rating       IND BBB                   Upgraded from
                                                                                 IND BBB-
Primacy Industries Ltd          Fund Based WC Limit    IND BBB          1000     Upgraded from
                                                                                 IND BBB-
Primacy Industries Ltd          TL                     IND BBB          0.14     Upgraded from
                                                                                 IND BBB-
Ridley Ifmr Capital 2016        Series A1 PTC          IND A-(SO)       958.43   Assigned
Ridley Ifmr Capital 2016        Series A2 PTC          IND B+(SO)       132.19   Assigned
S.A.Aanandan Spinning Mills Pvt LT Issuer Rating       IND BB                    Assigned
Ltd
S.A.Aanandan Spinning Mills Pvt Fund Based WC Limit    IND BB           450      Assigned
Ltd
S.A.Aanandan Spinning Mills Pvt TL                     IND BB           113.7    Assigned
Ltd
The Mohan Goldwater Breweries   LT Issuer Rating       IND BB                    Assigned
Ltd
The Mohan Goldwater Breweries   Fund Based WC Limit    IND BB           50       Assigned
Ltd
The Mohan Goldwater Breweries   TL                     IND BB           730      Assigned
Ltd
Trident Chemphar Ltd            LT Issuer Rating       IND A-                    Affirmed
Trident Chemphar Ltd            Fund Based WC Limit    IND A-           80       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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