September 1, 2017 / 4:20 AM / in 3 months

CARE ratings for Indian debt instruments-Sep 1

    Sep 1 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of August 31, 2017.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Ahw Steels Pvt Ltd                    ST Bk Fac          CARE A3        50      Reaffirmed
Choice Equity Broking Pvt Ltd         ST Bk Fac          CARE A4+       400     Reaffirmed
Kkalpana Industries (India) Ltd       ST Bk Fac          CARE A2        5450    Revised from
                                                                                CARE A2+
(enhanced from 420.00CRS)
Patel Construction (Biaora) Pvt Ltd   ST Bk Fac          CARE A4        45      Assigned
R.R. Ornaments Pvt Ltd                ST Bk Fac          CARE A4        6       Reaffirmed

MEDIUM TERM RATINGS:
-------------------
Dewan Housing Finance Corporation Ltd.Fixed Deposit      CARE AAA (FD)  10000   Reaffirmed
                                      programme
(enhanced from 8000CRS)
LONG TERM RATINGS:
-------------------
Ahw Steels Pvt Ltd                    LT Bk Fac          CARE BBB-      750     Reaffirmed
Atharv Intertrade Pvt Ltd             LT Bk Fac          CARE BB-       100     Assigned
Choice Equity Broking Pvt Ltd         LT Bk Fac          CARE BB+       500     Revised from
                                                                                CARE BB+
Hibza Foods Pvt Ltd                   LT Bk Fac          CARE B+        154.5   Assigned
Kkalpana Industries (India) Ltd       LT Bk Fac          CARE BBB+      3420    Revised from
                                                                                CARE A-
(reduced from 370.31CRS)
Man Realty Ltd                        LT Bk Fac          CARE BBB- (SO) 2500    Revised from
                                                                                CARE BBB (SO)
Issuer not cooperating
Oasis Epc Solutions Ltd               LT Bk Fac          CARE BB+       45      Assigned
Oasis Epc Solutions Ltd               LT Bk Fac/ ST Bk   CARE BB+ /CARE 105     Assigned
                                      Fac                A4+
Patel Construction (Biaora) Pvt Ltd   LT Bk Fac          CARE B+        40      Assigned
R.R. Ornaments Pvt Ltd                LT Bk Fac          CARE BB-       66.6    Revised from
                                                                                CARE B+
Shiv Marine Industries Pvt Ltd        LT/ Short- term Bk CARE B+ /CARE  70      Reaffirmed
                                      Fac                A4
The Gold Fort                         LT Bk Fac          CARE BB-       70      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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