January 6, 2017 / 6:01 AM / 8 months ago

India Ratings for Indian debt instruments - Jan 6

Jan 6 (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 5, 2017.

COMPANY                         INSTRUMENT             RATING          AMOUNT   MOVEMENT
                                                                       (RS.MLN)
------                          ----------             ------           ------   ---------
SHORT TERM RATINGS:
-------------------
Mantharagiri Textiles           Non-FB limits          IND A4           11.51    Affirmed
 (reduced from INR12.7)
Montecarlo Ltd                  Bk Fac                 IND A1           20000    Assigned*
* includes provisional facilities
Rohit Enterprises               FB WC                  IND A4+          250      Assigned
Talwandi Sabo Power Ltd         Non-FBL                IND A1+          5000     Affirmed
V. S. Metallic Pvt Ltd          FB WC                  IND A4           100      Assigned
V. S. Metallic Pvt Ltd          Non-FB WC              IND A4           100      Assigned

LONG TERM RATINGS:
-------------------
Arch Infra Properties Pvt Ltd   Long-TL                IND BB           250      Assigned
Arch Infra Properties Pvt Ltd   TL                     IND BBB          25.52    Assigned
Arch Infra Properties Pvt Ltd   FB limit               IND BBB          195      Assigned
Knits India Pvt Ltd             LT loan                IND D            366.25   Downgraded
                                                                                 from IND BB-
Knits India Pvt Ltd             FB WC                  IND D            741      Downgraded
                                                                                 from IND BB-
Knits India Pvt Ltd             Non-FB WC              IND D            20       Downgraded
                                                                                 from IND BB-
Mantharagiri Textiles           FB limits              IND B+           200      Affirmed
 (increased from INR160)
Mantharagiri Textiles           TL                     IND B+           66.65    Affirmed
(reduced from INR96.23)
Montecarlo Ltd                  Proposed NCDs (NCDs)    IND A+          2500     Assigned
Montecarlo Ltd                  Bk Fac                 IND A+           20000    Assigned*
* includes provisional facilities
Rohit Enterprises               FB WC                  IND BB-          250      Assigned
Spectrum Complex Pvt Ltd        Bk Fac                 IND BB-          183.1    Upgraded from
                                                                                 IND B+
Talwandi Sabo Power Ltd         FB limits              IND A+           2500     Affirmed
Talwandi Sabo Power Ltd         NCDs (NCDs)            WD               15000    Withdrawn
V. S. Metallic Pvt Ltd          FB WC                  IND B            100      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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