Reuters logo
India Ratings for Indian debt instruments – Feb 14
February 14, 2017 / 6:12 AM / 8 months ago

India Ratings for Indian debt instruments – Feb 14

    Feb 14 (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
February 13, 2017.

COMPANY                         INSTRUMENT              RATING        AMOUNT   MOVEMENT
                                                                     (RS.MLN)
------                          ----------             ------        ------   ---------
SHORT TERM RATINGS:
-------------------
B.N. Industries                 Non-FB limits          IND A4           30       Affirmed
Hdpl Infrastructures            Non-FB limits          IND A2           1500     Assigned
Hdpl Infrastructures            Proposed non-FB limits*Provisional IND  500      Assigned
                                                       A2
* The ratings are provisional and shall be confirmed upon the sanction and execution of loan
documents for the proposed facilities by HDPL to the satisfaction of Ind-Ra.
Rain Cements                    Non-FB limits          IND A2+          400      Affirmed
Rain Cii Carbon (Vizag)         Non-FB limits          IND A1           100      Affirmed
Rain Industries                 Non-FB limits          IND A2+          230      Affirmed

LONG TERM RATINGS:
-------------------
B.N. Industries                 FB limits              IND B+ / IND A4  65       Affirmed
Centurywells Roofing            FB WC facility         IND BBB+         100      Assigned
Disha Microfin                  Bk loans               IND A-           2360     Assigned
Disha Microfin                  Unallocated Bk loans   IND A-           640      Assigned
Hdpl Infrastructures            FB limits              IND BBB+/ IND A2 350      Assigned
Hdpl Infrastructures            Proposed FB limits*    Provisional IND  150      Assigned
                                                       BBB+/
                                                       Provisional IND A2
* The ratings are provisional and shall be confirmed upon the sanction and execution of loan
documents for the proposed facilities by HDPL to the satisfaction of Ind-Ra.
Jai Kumar Arun Kumar            Long-TL                IND BB           0.52     Assigned
Jai Kumar Arun Kumar            FB limit               IND BB / IND A4+ 87       Assigned
Manjeet Fibers                  TL                     IND BB+          81.1     Affirmed
Manjeet Fibers                  FB limits              IND BB+ / IND A4+380      Affirmed
Manjeet Fibers                  Proposed-FB limits*    Provisional IND  120      Affirmed
                                                       BB+
 * The above rating is provisional and shall be confirmed upon the sanction and execution of
loan documents for the above facilities by MFPL to the satisfaction of Ind-Ra.
Rain Cements                    FB limits              IND A-           100      Affirmed
Rain Cii Carbon (Vizag)         FB WC limits           IND A/ IND A1    3550     Affirmed
Rain Cii Carbon (Vizag)         FB WC limits           IND A/ IND A1    -        Affirmed
Rain Industries                 External commercial    IND A-           -        Affirmed
                                borrowings
Speciality Silica               TL                     IND BB-          23.4     Assigned
Speciality Silica               TL                     IND BB-          1.61     Assigned
Speciality Silica               FB WC                  IND BB-/A4+      47.5     Assigned
Speciality Silica               Proposed FB WC*        Provisional IND  30       Assigned
                                                       BB- /
                                                       Provisional IND A4+
* The above rating is provisional and shall be confirmed upon the sanction and execution of the
loan documents for the above facilities by SSPL to the satisfaction of Ind-Ra.
-----------------------------------------------------------------------------------------------
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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below