May 8, 2018 / 6:27 AM / 9 months ago

CARE ratings for Indian debt instruments-May 8

    May 8 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of May 7, 2018.

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
-------                               ----------         ------        -------  ---------
Aryan Constructions                   ST Bk Fac          CARE A4        50      Assigned
Kailash Trading Corporation           ST Bk Fac          CARE A4        63.5    Assigned
Partap Spintex Pvt Ltd                ST Bk Fac          CARE A2        9.2     Reaffirmed
Rajratan Global Wire Ltd              ST Bk Fac          -              -       Withdrawn

Ann Products And Machines Pvt Ltd     LT Bk Fac          CARE B+        97.5    Assigned
Aryan Constructions                   LT Bk Fac          CARE BB-       4.5     Assigned
Dewan Housing Finance Corporation Ltd.Proposed Public    CARE AAA       290000  Reaffirmed
                                      NonConvertible Debentures
Jm Financial Capital Ltd              CP Issue (IPO      -              -       Withdrawn
Jm Financial Products Ltd             CP Issue (IPO      -              -       Withdrawn
Jm Financial Properties And Holdings  CP (IPO financing) -              -       Withdrawn
Kailash Trading Corporation           LT Bk Fac          CARE BB-       59      Assigned
Oasis Realty                          Bk facility – LT   -              -       Withdrawn
Oasis Realty                          Bk Facility – LT   -              -       Withdrawn
                                      Withdrawn facility/TL
Partap Spintex Pvt Ltd                LT Bk Fac          CARE BBB+      770.8   Reaffirmed
Pnc Khajuraho Highways Pvt Ltd        LT Bk Fac          CARE A-        5899.3  Assigned
Rajratan Global Wire Ltd              LT Bk Fac          -              -       Withdrawn
Rajratan Global Wire Ltd              LT / ST Bk Fac     -              -       Withdrawn
Shardiya Agritech Pvt Ltd             LT Bk Fac          CARE B+        45.7    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wd -Rating Stands Withdrawn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
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