January 11, 2017 / 5:32 AM / 7 months ago

India Ratings for Indian debt instruments - Jan 11

Jan 11 (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 10, 2017.

COMPANY                         INSTRUMENT                  RATING       AMOUNT   MOVEMENT
                                                                         (RS.MLN)
------                          ----------                  ------       ------   ---------
SHORT TERM RATINGS:
-------------------
 Electroteknica Switchgears Pvt Non-FB limits          IND A4           50       Affirmed
Ltd
Capacite Engineering Pvt Ltd    FB CC Fac              IND A2+(SO)      67.5     Assigned
Capacite Engineering Pvt Ltd    Non-FB Fac             IND A2+(SO)      70       Assigned
Ch.Gowri Shankar Infra Build    Non-FB WC facility     IND A4+          5.5      Assigned
(I) Pvt Ltd
Chetan Overseas (Delhi) Pvt Ltd FB WC                  IND A4+          200      Affirmed
(increased from INR180.00)
Chetan Overseas (Delhi) Pvt Ltd Non-FB limits          IND A4+          120      Affirmed
Fratelli Wines Pvt Ltd          FB WC                  IND A4           131.2    Assigned
Fratelli Wines Pvt Ltd          Non-FB WC              IND A4           36       Assigned
Fratelli Wines Pvt Ltd          #Proposed FB WC        IND A4           99.2     Assigned
Hpcl-Mittal Energy Ltd          FB WC                  IND A1+          54000    Affirmed
Hpcl-Mittal Energy Ltd          FB WC (outside         IND A1+          21000    Affirmed
                                consortium)
Hpcl-Mittal Energy Ltd          Non-FB WC              IND A1+          82000    Affirmed
Riya Impex                      Non-FB WC limit        IND A4           180      Affirmed
Rs Development And              FB WC                  IND A3           250      Assigned
Constructions India Pvt Ltd
Rs Development And              Non-FB WC              IND A3           400      Assigned
Constructions India Pvt Ltd
S.B. Equipments                 Non-FB WC limits       IND A4+          40       Assigned

LONG TERM RATINGS:
-------------------
Electroteknica Switchgears Pvt  FB limits              IND B+           15       Upgraded from
Ltd                                                                              B-
Capacite Engineering Pvt Ltd    FB CC Fac              IND A-(SO)       67.5     Assigned
Chetan Overseas (Delhi) Pvt Ltd FB WC                  IND BB           200      Upgraded from
                                                                                 BB-
(increased from INR180.00)
Fratelli Wines Pvt Ltd          FB WC                  IND B+           131.2    Assigned
Fratelli Wines Pvt Ltd          TL                     IND B+           33.6     Assigned
Fratelli Wines Pvt Ltd          #Proposed FB WC        IND B+           99.2     Assigned
Gen Next Motors Ltd             FB WC limit            IND BB+          150      Affirmed
Gen Next Motors Ltd             TL                     IND BB+          70       Affirmed
Hpcl Mittal Pipelines Ltd       NCD                    IND AA           2000     Upgraded from
                                                                                 AA-
Hpcl Mittal Pipelines Ltd       NCD                    IND AA           2170     Upgraded from
                                                                                 AA-
Hpcl Mittal Pipelines Ltd       NCD                    IND AA           2170     Upgraded from
                                                                                 AA-
Hpcl Mittal Pipelines Ltd       NCD                    IND AA           2170     Upgraded from
                                                                                 AA-
Hpcl-Mittal Energy Ltd          WC Fac (outside        IND AA           21000    Upgraded from
                                consortium)                                      AA-
Hpcl-Mittal Energy Ltd          Non-FB WC              IND AA           82000    Upgraded from
                                                                                 AA-
Hpcl-Mittal Energy Ltd          FB WC                  IND AA/Positive  54000    Upgraded from
                                                                                 AA-
India Standard Loan Trust       Pass  Through          IND A(SO)        991.63   Assigned
                                Certificates
                                (PTCs)-Series A
India Standard Loan Trust       Liquidity Facility (LF)IND AAA(SO)      9.92     Assigned
India Standard Loan Trust       Second loss credit     IND BBB(SO)      34.71    Assigned
                                facility (SLCF)
Karyavattom Sports Facilities   Senior project Bk loansIND BBB+         1680     Affirmed
Ltd
Karyavattom Sports Facilities   Senior project Bk loansIND BBB+         735      Affirmed
Ltd
Riya Impex                      FB limit               IND B+           20       Affirmed
Rs Development And              Long-TL                IND BBB-         28.9     Assigned
Constructions India Pvt Ltd
Rs Development And              FB WC                  IND BBB-         250      Assigned
Constructions India Pvt Ltd
S.B. Equipments                 FB WC limits           IND BB- / IND A4+110      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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