May 15, 2018 / 7:12 AM / 6 days ago

CARE ratings for Indian debt instruments-May 15

   May 15 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of May 14, 2018.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Cesc Ltd                              ST Bk Fac          CARE A1+       2500    Reaffirmed
Fedders Electric & Engineering Ltd    ST Bk Fac          CARE A4        7620    Revised from
                                                                                CARE A3
Vanamaali Infra Pvt Ltd               ST Bk Fac          CARE A4        80      Assigned
Gajra Gears Pvt Ltd                   ST Bk Fac          -              -       Withdrawn

LONG TERM RATINGS:
-------------------
Ambika Brickwell Llp                  LT Bk Fac          CARE BB-       500     Assigned
Cedar Mfi Trust 34 (Originator: Esaf  Series A PTCs      -              -       Withdrawn
Small Finance Bank Ltd) Cedar MFI 
Trust 34
Cesc Ltd                              LT Bk Fac          CARE AA        26610.7 Reaffirmed
Eshan Yarns Pvt Ltd                   LT Bk Fac          CARE BB-       120     Assigned
Fedders Electric & Engineering Ltd    LT Bk Fac          CARE BB        4600    Revised from
                                                                                CARE BBB
Gajra Gears Pvt Ltd                   LT Bk Fac          -              -       Withdrawn
Ibhfl Da Mar 12 Ii [ Originator:      Assignee Payouts   -              -       Withdrawn
Indiabulls Housing Finance Ltd ]
Punjab Rice And General Mills         LT Bk Fac          CARE BB-       60      Assigned
Shree Govindam Projects & Marketing   LT Bk Fac          CARE B+        75      Assigned
Simec Group Ltd                       Proposed LT/ ST Bk -              -       Withdrawn
                                      Fac
Sterling And Wilson Cogen Solutions   LT/Shortterm Bk FacCARE BBB-      1650    Assigned
Pvt Ltd                                                  /CARE A3
Triveni Kripa Enterprises Ltd Liability LT Bk Fac        CARE B+        200     Assigned
Partnership
Vanamaali Infra Pvt Ltd               LT Bk Fac          CARE B+        10      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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