June 20, 2013 / 5:48 AM / 4 years ago

CARE ratings for Indian debt instruments-Jun 20

Jun 20 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of June 19, 2013.

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Commercial Motors (Dehradun) Pvt Ltd  ST Bk Fac          CARE A4        30      Assigned
Indian Phosphate Ltd                  ST Bk Fac          CARE A4        90      Assigned
Patel Brass Works Pvt Ltd             ST Bk Fac          CARE A3        70      Assigned
Subra International Pvt Ltd           ST Bk Fac          CARE A4        65      Assigned

Trans Damodar Coal Mining Pvt Ltd     ST Bk Fac          CARE A4+       350     Assigned
(Tdcmpl)                              (Non-fund Based)

LONG TERM RATINGS:
-------------------
Commercial Motors (Dehradun) Pvt Ltd  LT Bk Fac          CARE B-        5.2     Assigned
G & S Associates                      LT Bk Fac          CARE B+        150     Assigned
Gmr Pochanpalli Expressways Ltd       NCD (NCD)*         CARE AA (SO)   5652.6  Removed from
                                                                                'Credit Watch
*backed by securitization of the future NHAI annuity receivables
Indian Phosphate Ltd                  LT Bk Fac          CARE BB        292.5   Assigned
Karvy Data Management Services Ltd    LT Bk Fac          CARE BBB       836     Assigned
Patel Brass Works Pvt Ltd             LT Bk Fac          CARE BBB       50      Assigned
Subra International Pvt Ltd           LT Bk Fac          CARE B+        15      Assigned
Trans Damodar Coal Mining Pvt Ltd     LT Bk Fac (TL)     CARE BB+       434.1   Assigned
(Tdcmpl)
Trans Damodar Coal Mining Pvt Ltd     LT Bk Fac (FB)     CARE BB+       250     Assigned
(Tdcmpl)
--------------------------------------------------------------------------------------------
$: 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wd -Rating Stands Withdrawn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

CARE 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.

(Mumbai Rate Reporting Unit + 91 22 6180 7222/3317 7222, E-mail at rru.data@thomsonreuters.com)

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