October 30, 2019 / 8:53 AM / 14 days ago

CARE ratings for Indian debt instruments-Oct 30

    Oct 30 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of October 29, 2019.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
LONG TERM RATINGS:
------------------
Elite Motors Pvt Ltd                  LT Bk Fac          CARE B         73.9
Issuer not Cooperating                                   /Stable
Northern Arc 2019 Cl Rigi Originator  Series A1 PTCs     -              -       Withdrawn
Ashish Securities Pvt Ltd- Northern Arc
2019 Cl Rigi
Northern Arc 2019 Cl Rigi Originator  Series A2 PTCs     -              -       Withdrawn
Ashish Securities Pvt Ltd- Northern Arc
2019 Cl Rigi
Northern Arc 2019 Csl Lamos OriginatorSeries A1 PTCs     -              -       Withdrawn
Si Creva Capital Services Pvt Ltd-
Northern Arc 2019 Csl Lamos
Northern Arc 2019 Csl Lamos OriginatorSeries A2 PTCs     -              -       Withdrawn
Si Creva Capital Services Pvt Ltd-
Northern Arc 2019 Csl Lamos
Om Sugars Ltd                         LT Bk Fac          CARE D         282.7
Issuer not Cooperating
Shiraguppi Sugar Works Ltd            LT Bk Fac          CARE D         1961.6
Issuer not Cooperating
Shiraguppi Sugar Works Ltd            ST Bk Fac          CARE D         3.7
Issuer not Cooperating
Star Pcg Sme Series I Oct 19          Assignee Payouts   CARE AA (SO)   2841.9
(Originator Indostar Capital Finance Ltd)
Provisional Credit Opinion Equivalent to CARE AA (SO)
Suresh Angadi Education Foundation    LT Bk Fac          CARE D         340.2
Issuer not Cooperating
Vasmo Agro Nutri Product Pvt Ltd      LT Bk Fac          CARE D         400
Issuer Not cooperating; Based on best available information

--------------------------------------------------------------------------------------------
$: 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wd -Rating Stands Withdrawn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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