June 14, 2017 / 4:37 AM / 6 months ago

CARE ratings for Indian debt instruments-Jun 14

    Jun 14 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of June 13, 2017.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
A. G. Shares And Securities Ltd       ST Bk Fac          CARE A4        200     Reaffirmed
Bag Poly International Pvt Ltd        ST Bk Fac          CARE A4        5       Reaffirmed
Deneb & Pollux Tours And Travels Pvt  ST Bk Fac          CARE A3        11.5    Assigned
LTD 
K N Singh Infratech Pvt Ltd           ST Bk Fac          CARE A4        32.5    Assigned
Reliance Communications InfrastructureST non fund based  CARE D         11800   Revised from
Ltd                                   Bk Fac                                    CARE A4 (SO)
Southern Power Distribution Company OfST Bk Fac          CARE A4+       11386.8 Assigned
Telangana Ltd

LONG TERM RATINGS:
-------------------
Amp Solar India Pvt Ltd               LT Bk Fac          CARE BBB-      50      Assigned
Bag Poly International Pvt Ltd        LT Bk Fac          CARE B+        234     Revised from
                                                                                CARE BB-
Bag Poly International Pvt Ltd        LT/ ST Bk Fac      CARE B+ /CARE  79.5    Revised from
                                                         A4                     CARE
                                                                                BB-/Reaffirmed
Deneb & Pollux Tours And Travels Pvt  LT Bk Fac          CARE BBB-      88.5    Assigned
Ltd
Juhi Industries Pvt Ltd               LT Bk Fac          CARE BB        2300    Reaffirmed
K N Singh Infratech Pvt Ltd           LT Bk Fac          CARE B+        31.9    Assigned
Maruti Bulk Packaging                 LT Bk Fac          CARE B         44      Assigned
Maruti Bulk Packaging                 LT/ Short - term   CARE B /CARE A452.5    Assigned
                                      Bk Fac
Mss Infracon Pvt Ltd                  LT Bk Fac          CARE B+        550     Assigned
R M Enterprise                        LT Bk Fac          CARE B+        75      Assigned
Rama Construction Company             LT Bk Fac          CARE BBB-      100     Assigned
Rama Construction Company             LT/ ST Bk Fac      CARE BBB-      1700    Assigned
                                                         /CARE A3
Reliance Big Tv Ltd                   LT/ST non fund     CARE D         900     Revised from
                                      based Bk Fac                              CARE BB (SO)
                                                                                /CARE A4
S.M Musthafa                          LT Bk Fac          CARE B         220     Assigned
Sagardeep Alloys Ltd                  LT Bk Fac          -              -       Withdrawn
Southern Power Distribution Company OfLT Bk Fac          CARE BB        7800    Assigned
Telangana Ltd
Sri Jyothi Cotton Ginners             LT Bk Fac          CARE B+        150     Assigned
Vishwanath Paper & Boards Ltd         LT Bk Fac          CARE BB        470     Assigned
--------------------------------------------------------------------------------------------
$: 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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