May 30, 2018 / 4:09 AM / 5 months ago

CARE ratings for Indian debt instruments-May 30

    May 30 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of May 29, 2018.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Bhoruka Power Corporation Ltd         ST Bk Fac          CARE A4        400     Revised from
                                                                                CARE A3
Century Textiles And Industries Ltd   CP issue           CARE A1+       22000   Reaffirmed
Housing Development Finance CorporatioST Bk Fac          CARE A1+       282728.1Reaffirmed
Ltd
(enhanced from 19,973.99 Crores)
Mahavir Global Inc- Karnal            ST Bk Fac          CARE A4        70      Assigned
Pnb Housing Finance Ltd               CP                 CARE A1+       250000  Reaffirmed
(enhanced from Rs.15000 Crores)
Sitapuram Power Ltd                   ii) ST Bk Fac      CARE A1+ (SO)  23      Assigned
Tata Motors Finance Solutions Ltd     CP                 CARE A1+       25000   Reaffirmed
(Enhanced from Rs.2,000 Crores)
Unitriveni Overseas                   ST Bk Fac          CARE A4        30      Assigned

MEDIUM TERM RATINGS:
-------------------
Bhoruka Power Corporation Ltd         Medium-term        CARE C (FD)    100     Revised from
                                      instruments                               CARE
                                                                                BBB-(FD)
LONG TERM RATINGS:
-------------------
Bhoruka Power Corporation Ltd         LT Bk Fac-CC       CARE C         80      Revised from
                                                                                CARE BBB-
Bhoruka Power Corporation Ltd         LT Bk Fac-TL       CARE D         5226.7  Revised from
                                                                                CARE BBB-
Dena Bank                             Basel III          -              -       Withdrawn
                                      Compliant
                                      Additional Tier I Perpetual Bonds
Dena Bank                             Basel III          -              -       Withdrawn
                                      Compliant
                                      Additional Tier I Perpetual Bonds
Dev Marketing                         LT Bk Fac          CARE BB        120     Assigned
H. N. Cotex Pvt Ltd                   LT Bk Fac          -              -       Withdrawn
Housing Development Finance CorporatioLT Bk Fac          CARE AAA       18722.2 Reaffirmed
Ltd
(reduced from 3,582.00 Crore)
Inox Wind Infrastructure Services Ltd LT Bk Fac –CC*     CARE A- (SO)   500     Revised from
                                                                                CARE A- (SO)
 *Backed by unconditional and irrevocable corporate guarantee provided by Inox Wind Limited   
Inox Wind Ltd                         LT Bk Fac          CARE A-        2233.3  Revised from
                                                                                CARE A-
Jyothy Laboratories Ltd               NCDs               -              -       -
Jyothy Laboratories Ltd               CP                 CARE A1+      1000     -
Karnataka Bank Ltd                    Lower Tier II      -              -       Withdrawn
                                      Bonds (ISIN
                                      INE614B09029)
Magnum Steels Ltd                     LT Bk Fac          CARE B         200     Assigned
Mahavir Global Inc- Karnal            LT Bk Fac          CARE B+        27.6    Assigned
Mangalmurti Quarry Works              LT Bk Fac          -              -       Withdrawn
Nanibala Cold Storage Pvt Ltd         LT Bk Fac          CARE B+        70      Assigned
Shree Vaishnodevi Oil Industries      LT Bk Facility     CARE B+        90      Assigned
Siri Ice Links                        LT Bk Fac          CARE BB-       100     Assigned
Sitapuram Power Ltd                   iii) LT Bk Fac     --             -       Withdrawn
Sitapuram Power Ltd                   iv) LT/ST Bk Fac   --             -       Withdrawn
Sitapuram Power Ltd                   i) LT Bk Fac       CARE AA (SO)   578.8   Assigned
Unitriveni Overseas                   LT Bk Fac          CARE BB        170     Assigned
Vivriti Carrick 002 2018-(Originator: Series APTCs       CARE BBB+ (SO) -       Assigned
Utkarsh Small Finance Bank Ltd)
--------------------------------------------------------------------------------------------
$: 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)
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