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CRISIL ratings for Indian debt instruments-Aug 31 PART-I

   Aug 31  - Below are the ratings awarded by Credit Rating Information Service of India
(CRISIL) for local debt instruments as of August 28, 2020 and August 29, 2020.(PART-I)


COMPANY                                INSTRUMENT        RATING        AMOUNT MOVEMENT
                                                                      (RS.MLN)
------                                 ----------        ------        -----  ---------
SHORT TERM RATINGS:
-------------------
B. K. Sales Corporation                Import LOC Limit  CRISIL A2     500    Reaffirmed
B. K. Sales Corporation                LOC               CRISIL A2     300    Reaffirmed
B. K. Sales Corporation                Proposed NFBL     CRISIL A2     250    Assigned
Bajaj Auto Ltd                         BG*               CRISIL A1+    7817.5 Reaffirmed
(*Interchangeable with letter of credit to the extent of Rs 290 crores)
Bajaj Auto Ltd                         Proposed NFBL     CRISIL A1+    100    Assigned
Birla Corporation Ltd                  CP                CRISIL A1+    3000   Reaffirmed
Britannia Industries Ltd               CP                CRISIL A1+    12790  Reaffirmed
Britannia Industries Ltd               BG                CRISIL A1+    320    Reaffirmed
Britannia Industries Ltd               Buyers Finance    CRISIL A1+    21     Reaffirmed
Britannia Industries Ltd               LOC@              CRISIL A1+    990    Reaffirmed
(@Interchangeable with bank guarantees)
Britannia Industries Ltd               Overdraft         CRISIL A1+    550    Reaffirmed
Britannia Industries Ltd               Proposed ST Bk    CRISIL A1+    1619   Reaffirmed
                                       Loan Fac
Centenial Surgical Suture Ltd          BG                CRISIL A3+    2.5    Reaffirmed
Centenial Surgical Suture Ltd          LOC               CRISIL A3+    40     Reaffirmed
Chromo Laboratories India Pvt Ltd      LOC               CRISIL A4+    30     Reaffirmed
Chromo Laboratories India Pvt Ltd      Packing Credit    CRISIL A4+    30     Reaffirmed
Concrete Udyog Ltd                     BG                CRISIL A4+    256.5  Reaffirmed
CRPL Infra Pvt Ltd                     BG                CRISIL A4+    7.5    Assigned
Fena Pvt Ltd                           LOC & BG          CRISIL A1     200    Reaffirmed
Gold Wood Industries                   LOC               CRISIL A4     40     Reaffirmed
IRB Infrastructure Developers Ltd      BG                CRISIL A1     12000  Reaffirmed
ITL Industries Ltd                     BG                CRISIL A3+    35     Reaffirmed
ITL Industries Ltd                     LOC               CRISIL A3+    20     Reaffirmed
Jindal Steel and Power Ltd             LOC & BG          CRISIL A3+    57880  Reaffirmed
Jindal Steel and Power Ltd             Proposed NFBL     CRISIL A3+    6620   Reaffirmed
Jindal Steel and Power Ltd             Proposed ST Bk    CRISIL A3+    5000   Reaffirmed
                                       Loan Fac
Jindal Steel and Power Ltd             ST Loan           CRISIL A3+    8000   Reaffirmed
Mahavir Die Casters Pvt Ltd            Sales Bill        CRISIL A3     780    -
                                       Discounting
Maithan Alloys Ltd                     BG                CRISIL A1+    350    Reaffirmed
Maithan Alloys Ltd                     LOC               CRISIL A1+    4040   Reaffirmed
Meenakshi Polymers Pvt Ltd             LOC               CRISIL A3+    75     Reaffirmed
Merino Industries Ltd                  Export Packing    CRISIL A1+    280    Reaffirmed
                                       Credit
Merino Industries Ltd                  LOC               CRISIL A1+    850    Reaffirmed
Merino Panel Products Ltd              LOC               CRISIL A1+    500    Reaffirmed
Navabharat Ltd                         LOC               CRISIL A2     700    Reaffirmed
Ponnore Enterprises LLP                Bill Discounting  CRISIL A4+    175    Assigned
                                       under LOC
Printography Systems India Pvt Ltd     BG                CRISIL A3     15     Assigned
Printography Systems India Pvt Ltd     Foreign LOC       CRISIL A3     5      Assigned
Ramest Paper Mill LLP                  BG                CRISIL A4     5      Assigned
RCCPL Pvt Ltd                          CP                CRISIL A1+    1000   Reaffirmed
Reliable Sponge Pvt Ltd                Non-FBL           CRISIL A2     140    Reaffirmed
Sonkamal Enterprises Pvt Ltd           BG                CRISIL A3     70     Reaffirmed
Sonkamal Enterprises Pvt Ltd           LOC               CRISIL A3     975    Reaffirmed
Sree Rayalaseema Hi-Strength Hypo Ltd  BG                CRISIL A1     100    -
Sree Rayalaseema Hi-Strength Hypo Ltd  LOC               CRISIL A1     400    -
Sree Rayalaseema Hi-Strength Hypo Ltd  Packing Credit in CRISIL A1     250    -
                                       Foreign Currency
Techno Tarp and Polymers Pvt Ltd       Export Bill       CRISIL A4+    40     Reaffirmed
                                       Purchase
                                       -Discounting
Techno Tarp and Polymers Pvt Ltd       Packing Credit in CRISIL A4+    80     Reaffirmed
                                       Foreign Currency
V Sathyamoorthy and Company            BG                CRISIL A3     550    Reaffirmed
V Sathyamoorthy and Company            Inland/Import LOC CRISIL A3     150    Assigned
Vardhman Yarns and Threads Ltd         LOC**             CRISIL A1+    255    Reaffirmed
(**Interchangeable with other non-fund-based limits)
Vensa Infrastructure Ltd               BG                CRISIL A3+    1200   Reaffirmed
Vitrag Infra Projects LLP              BG                CRISIL A4+    300    Reaffirmed
Vitrag Infra Projects LLP              Overdraft         CRISIL A4+    30     Reaffirmed
Wevin Pvt Ltd                          BG                CRISIL A4+    200    Reaffirmed
Wevin Pvt Ltd                          LOC               CRISIL A4+    20     Reaffirmed
--------------------------------------------------------------------------------------------
$: 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

CRISIL 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@refinitiv.com)
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