June 17, 2019 / 7:28 AM / a month ago

CRISIL ratings for Indian debt instruments-Jun 17

    Jun 17 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of June 14, 2019.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Agni Vasthraa                           BG                 CRISIL A4      17.6    Reaffirmed
Aurangabad Electricals Ltd              Bill Discounting*  CRISIL A1      550     Upgraded from
                                                                                  A2+
(Removed from Rating Watch with Positive Implications)/* Interchangeable with Export Bill
Discounting to the extent of Rs.10 crore
Aurangabad Electricals Ltd              Bill Discounting   CRISIL A1      200     Upgraded from
                                                                                  A2+
(Removed from Rating Watch with Positive Implications)
Aurangabad Electricals Ltd              LOC & BG^          CRISIL A1      100     Upgraded from
                                                                                  A2+
(Removed from Rating Watch with Positive Implications)/^Interchangeable with LC/BG to the extent
of Rs. 10 crore
Aurangabad Electricals Ltd              LOC & BG           CRISIL A1      300     Upgraded from
                                                                                  A2+
(Removed from Rating Watch with Positive Implications)
Aurangabad Electricals Ltd              LOC & BG**         CRISIL A1      100     Upgraded from
                                                                                  A2+
(Removed from Rating Watch with Positive Implications)/** Interchangeability from FB to NFB
limits enhanced from existing Rs 4 Cr to Rs.6 Cr.
Claymine Microns LLP                    BG                 CRISIL D       11.9    Downgraded
                                                                                  from CRISIL A4
D.P.M.K. Fertilizers Pvt Ltd            BG                 CRISIL A4+     0.5     Upgraded from
                                                                                  CRISIL A4
Dhruv Industries Ltd                    LOC                CRISIL A4+     212.5   Assigned
Dhruv Industries Ltd                    Packing Credit     CRISIL A4+     90      Assigned
Diamond Construction Company - Kaithal  BG                 CRISIL A3      240     Upgraded from
                                                                                  CRISIL A4+
G3S Builders Pvt Ltd                    Overdraft          CRISIL A4      120     Reaffirmed
(ISSUER NOT COOPERATING)
H. K. Timbers Pvt Ltd                   LOC                CRISIL A4      87.5    -
(ISSUER NOT COOPERATING)
Hardware Trading Corporation            LOC                CRISIL A4      135     -
(ISSUER NOT COOPERATING)
Harisun Ceramic Pvt Ltd                 BG                 CRISIL A4      12.5    -
(ISSUER NOT COOPERATING)
Hinduja Leyland Finance Ltd             CP                 CRISIL A1+     12500   Assigned
Hitech Cellphone Pvt Ltd                LOC                CRISIL A4      100     Revised from
                                                                                  CRISIL A4+
(ISSUER NOT COOPERATING)
Hitech Print Systems Ltd                LOC & BG           CRISIL A4      45      -
(ISSUER NOT COOPERATING)
IAP Company Pvt Ltd                     BG                 CRISIL A4      22.5    Revised from
                                                                                  CRISIL A4+
(ISSUER NOT COOPERATING)
IAP Company Pvt Ltd                     Standby Line of    CRISIL A4      10      Revised from
                                        Credit                                    CRISIL A4+
(ISSUER NOT COOPERATING)
Indian Infrabuilt Pvt Ltd               BG                 CRISIL A4      55      Revised from
                                                                                  CRISIL A4+
Jindal Spinning Mills Ltd               Packing Credit     CRISIL A4      54      -
(ISSUER NOT COOPERATING)
Navdip Forge Pvt Ltd                    Overdraft          CRISIL A4      15      Assigned
Nichrome India Ltd                      BG                 CRISIL A3      30      Reaffirmed
Ramkrishna Cotspin Pvt Ltd              BG                 CRISIL A4      37.5    -
(ISSUER NOT COOPERATING)
Relcom Technology Pvt Ltd               LOC                CRISIL A4+     20      -
(ISSUER NOT COOPERATING)
Resonance Paper Mill Pvt Ltd            BG                 CRISIL A4+     10      Upgraded from
                                                                                  CRISIL A4
Sara Sae Pvt Ltd                        LOC & BG           CRISIL A4      250     -
Revised from 'CRISIL A4+ ISSUER NOT COOPERATING'* to 'CRISIL D' and Simultaneously Revised to
'CRISIL A4')
Sara Sae Pvt Ltd                        Packing Credit     CRISIL A4      130.9   -
Revised from 'CRISIL A4+ ISSUER NOT COOPERATING'* to 'CRISIL D' and Simultaneously Revised to
'CRISIL A4')
Shree Gurukrupa Construction Company    BG                 CRISIL A4+     75      Assigned
SSG Techno Services Pvt Ltd             Letter Of GuaranteeCRISIL A4      16      Reaffirmed
(Revised from 'CRISIL A4' to 'CRISIL D' and Simultaneously Upgraded to 'CRISIL A4')
State Bank of India                     CD Programme       CRISIL A1+     135000  Reaffirmed  
State Bank of India                     CD Programme*      CRISIL A1+             Reaffirmed  
*Transferred from State Bank of Bikaner and Jaipur, State Bank of Travancore, State Bank of
Patiala, State Bank of Hyderabad and State Bank of Mysore to State Bank of India (SBI) on their
amalgamation with SBI with effect from April 01, 2017.
S.P.K. and Co.                          ST Loan            -              300     Withdrawn
Titagarh Wagons Ltd                     LOC & BG           CRISIL A3+     6000    Downgraded
                                                                                  from CRISIL A2
Triveni Electroplast Pvt Ltd            BG                 CRISIL A4+     65      -
(ISSUER NOT COOPERATING)
Victoria Foods Pvt Ltd                  Proposed LOC       CRISIL A3+     290     Assigned
Victoria Foods Pvt Ltd                  Inland/Import LOC  CRISIL A3+     250     Assigned
Victoria Foods Pvt Ltd                  Proposed LOC & BG  CRISIL A3+     300     Assigned



MEDIUM TERM RATINGS:
-------------------
State Bank of India                     FD Programme#      FAAA/Stable    240000  Reaffirmed 
#The rating pertains only to State Bank of Indore's (SBoI's) fixed deposit programme, rated by
CRISIL, which has been transferred to SBI following the merger of SBoI with SBI.


LONG TERM RATINGS:
-------------------
Agni Vasthraa                           CC                 CRISIL B       40      Reaffirmed
Agni Vasthraa                           LT Loan            CRISIL B       1.6     Reaffirmed
Agni Vasthraa                           Proposed LT Bk     CRISIL B       10.8    Reaffirmed
                                        Loan Fac
AJ Gold And Silver Refinery             Secured Overdraft  CRISIL B       100     Assigned
                                        Fac
AJ Gold And Silver Refinery             CC                 CRISIL B       120     Assigned
AJ Gold And Silver Refinery             Foreign LOC        CRISIL B       150     Assigned
Allied India Iron and Steels Pvt Ltd    CC                 CRISIL B-      105     Reaffirmed
Amar Singh Chawal Wala                  Rating             -              -       -
(CRISIL is yet to receive adequate information)
Amrita Bhargava Education Society       Rating             -              -       -
(CRISIL is yet to receive adequate information)
Angika Development Society              TL                 CRISIL BB+     144     Reaffirmed
Aravali Minerals and Chemicals          Rating             -              -       -
Industries Pvt Ltd
(CRISIL is yet to receive adequate information)
Asian Concretes and Cements Pvt Ltd     Rating             -              -       -
(CRISIL is yet to receive adequate information)
Aurangabad Electricals Ltd              LT Loan            CRISIL A+      868.3   Upgraded from
                                                                                  A-
(Removed from Rating Watch with Positive Implications)
Aurangabad Electricals Ltd              Proposed LT Bk     CRISIL A+      161.7   Upgraded from
                                        Loan Fac                                  A-
(Removed from Rating Watch with Positive Implications)
Bhalla International                    Rating             -              -       -
(CRISIL is yet to receive adequate information)
Claymine Microns LLP                    CC                 CRISIL D       40      Downgraded
                                                                                  from CRISIL B+
Claymine Microns LLP                    Proposed LT Bk     CRISIL D       10.1    Downgraded
                                        Loan Fac                                  from CRISIL B+
Claymine Microns LLP                    Proposed TL        CRISIL D       138     Downgraded
                                                                                  from CRISIL B+
D.P.M.K. Fertilizers Pvt Ltd            CC                 CRISIL BB-     11.5    Upgraded from
                                                                                  CRISIL B+
Deepak Fasteners Ltd                    Rating             -              -       -
(CRISIL is yet to receive adequate information)
Dhruv Industries Ltd                    CC                 CRISIL BB+     60      Assigned
Dhruv Industries Ltd                    Proposed LT Bk     CRISIL BB+     37.5    Assigned
                                        Loan Fac
Diamond Construction Company - Kaithal  CC                 CRISIL BBB-    50      Upgraded from
                                                                                  CRISIL BB+
Esprit Stones Pvt Ltd                   Rating             -              -       -
(CRISIL is yet to receive adequate information)
Florida Electrical Industries Ltd       Rating             -              -       -
(CRISIL is yet to receive adequate information)
G R R Industries Pvt Ltd                CC                 CRISIL B       80      -
(ISSUER NOT COOPERATING)
G R R Industries Pvt Ltd                Proposed FB Bk     CRISIL B       10      -
                                        Limits
(ISSUER NOT COOPERATING)
Galaxy Real Estate Developers and       Loan Against       CRISIL B-      53      -
Builders Pvt Ltd                        Property
(ISSUER NOT COOPERATING)
Galaxy Real Estate Developers and       Mortgage Loan Fac  CRISIL B-      65      -
Builders Pvt Ltd
(ISSUER NOT COOPERATING)
Galaxy Real Estate Developers and       Proposed LT Bk     CRISIL B-      82      -
Builders Pvt Ltd                        Loan Fac
(ISSUER NOT COOPERATING)
Greenwood Poultries                     CC                 CRISIL B+      13      -
(ISSUER NOT COOPERATING)
Greenwood Poultries                     LT Loan            CRISIL B+      69.7    -
(ISSUER NOT COOPERATING)
H. K. Timbers Pvt Ltd                   CC                 CRISIL B       60      -
(ISSUER NOT COOPERATING)
H. Sherul and Co.                       Foreign Bill       CRISIL D       185     Reaffirmed
                                        Discounting
H. Sherul and Co.                       Packing Credit in  CRISIL D       215     Reaffirmed
                                        Foreign Currency
H. Sherul and Co.                       Pre Shipment CreditCRISIL D       100     Reaffirmed
H. Sherul and Co.                       Proposed ST Bk     CRISIL D       250     Reaffirmed
                                        Loan Fac
Hardware Trading Corporation            CC                 CRISIL B-      25      -
(ISSUER NOT COOPERATING)
Hare Krishna Industries                 CC                 CRISIL B+      40      Reaffirmed
Hare Krishna Industries                 TL                 CRISIL B+      32.5    Reaffirmed
Harisun Ceramic Pvt Ltd                 CC                 CRISIL B       30      -
(ISSUER NOT COOPERATING)
Harisun Ceramic Pvt Ltd                 TL                 CRISIL B       50      -
(ISSUER NOT COOPERATING)
Herodex Power Systems Pvt Ltd           BG                 CRISIL D       145     -
(ISSUER NOT COOPERATING)
Herodex Power Systems Pvt Ltd           CC                 CRISIL D       190     -
(ISSUER NOT COOPERATING)
Herodex Power Systems Pvt Ltd           LOC                CRISIL D       50      -
(ISSUER NOT COOPERATING)
Herodex Power Systems Pvt Ltd           Proposed LT Bk     CRISIL D       104.2   -
                                        Loan Fac
(ISSUER NOT COOPERATING)
Hindok Exports Ltd                      CC                 CRISIL B+      75      -
(ISSUER NOT COOPERATING)
Hindok Exports Ltd                      LT Loan            CRISIL B+      25      -
(ISSUER NOT COOPERATING)
Hinduja Leyland Finance Ltd             LT Bk Fac          CRISIL AA-     5000    Reaffirmed
Hinduja Leyland Finance Ltd             Proposed LT Bk     CRISIL AA-     15000   Assigned
                                        Loan Fac
Hinduja Leyland Finance Ltd             Subordinated Debt  CRISIL AA-     2000    Assigned
Hinduja Leyland Finance Ltd             NCD                CRISIL AA-     5000    Assigned
Hindustan Newsprint Ltd                 BG                 CRISIL D       50      -
(ISSUER NOT COOPERATING)
Hindustan Newsprint Ltd                 CC                 CRISIL D       1100    -
(ISSUER NOT COOPERATING)
Hindustan Newsprint Ltd                 LOC                CRISIL D       450     -
(ISSUER NOT COOPERATING)
Hitech Cellphone Pvt Ltd                CC                 CRISIL B+      100     Revised from
                                                                                  CRISIL BB
(ISSUER NOT COOPERATING)
Hitech Print Systems Ltd                CC                 CRISIL B       100     -
(ISSUER NOT COOPERATING)
Hitech Print Systems Ltd                Proposed FB Bk     CRISIL B       38      -
                                        Limits
(ISSUER NOT COOPERATING)
Hitech Print Systems Ltd                TL                 CRISIL B       27      -
(ISSUER NOT COOPERATING)
IAP Company Pvt Ltd                     CC                 CRISIL B+      60      Revised from
                                                                                  CRISIL BB+
(ISSUER NOT COOPERATING)
IAP Company Pvt Ltd                     Proposed LT Bk     CRISIL B+      69.2    Revised from
                                        Loan Fac                                  CRISIL BB+
(ISSUER NOT COOPERATING)
IAP Company Pvt Ltd                     TL                 CRISIL B+      88.3    Revised from
                                                                                  CRISIL BB+
(ISSUER NOT COOPERATING)
Immacule Lifesciences Pvt Ltd           Rating             -              -       -
(CRISIL is yet to receive adequate information)
Indian Infrabuilt Pvt Ltd               Overdraft          CRISIL B+      85      Revised from
                                                                                  CRISIL BB
Industrial Handling                     CC                 CRISIL B+      26.7    -
(ISSUER NOT COOPERATING)
Industrial Handling                     TL                 CRISIL B+      28.3    -
(ISSUER NOT COOPERATING)
Institute of Management Studies Society Rating             -              -       -
(CRISIL is yet to receive adequate information)
Intensiv-Filter Himenviro Pvt Ltd       Rating             -              -       -
(CRISIL is yet to receive adequate information)
International Mega Food Park Ltd        Rupee TL           CRISIL D       749     -
(ISSUER NOT COOPERATING)
International Mega Food Park Ltd        TL                 CRISIL D       140.3   -
(ISSUER NOT COOPERATING)
Invention India (Exports) Pvt Ltd       Foreign Bill       CRISIL D       60      -
                                        Discounting
(ISSUER NOT COOPERATING)
Invention India (Exports) Pvt Ltd       LOC                CRISIL D       10      -
(ISSUER NOT COOPERATING)
Invention India (Exports) Pvt Ltd       Packing Credit     CRISIL D       25      -
(ISSUER NOT COOPERATING)
Invention India (Exports) Pvt Ltd       Proposed LT Bk     CRISIL D       13.5    -
                                        Loan Fac
(ISSUER NOT COOPERATING)
Jindal Spinning Mills Ltd               CC                 CRISIL B+      1       -
(ISSUER NOT COOPERATING)
Jindal Spinning Mills Ltd               Foreign Bill       CRISIL B+      50      -
                                        Purchase
(ISSUER NOT COOPERATING)
M&M Fasteners India                     LT Loan            CRISIL BB-     50      Reaffirmed
M&M Fasteners India                     Open CC            CRISIL BB-     32.5    Reaffirmed
M&M Fasteners India                     Proposed LT Bk     CRISIL BB-     17.5    Reaffirmed
                                        Loan Fac
Mahaveer Trading Company                Rating             -              -       -
(CRISIL is yet to receive adequate information)
Mangal Trading Company                  Rating             -              -       -
(CRISIL is yet to receive adequate information)
Mars Envirotech Ltd                     Rating             -              -       -
(CRISIL is yet to receive adequate information)
Navdip Forge Pvt Ltd                    Proposed LT Bk     CRISIL B+      65      Assigned
                                        Loan Fac
Nichrome India Ltd                      CC                 CRISIL BBB-    60      Reaffirmed
Nichrome India Ltd                      Proposed WC Fac    CRISIL BBB-    20      Reaffirmed
Oxygen Business Park Pvt Ltd            Drop Line          -              4200    Withdrawn
                                        Overdraft Fac
Oxygen Business Park Pvt Ltd            TL                 CRISIL AA      2000    Upgraded from
                                                                                  CRISIL A
Pranav Organics                         Proposed LT Bk     CRISIL B-      50      Assigned
                                        Loan Fac
Proform Interiors Pvt Ltd               CC                 CRISIL BB      125     Upgraded from
                                                                                  CRISIL BB-
Proform Interiors Pvt Ltd               Proposed LT Bk     CRISIL BB      5       Upgraded from
                                        Loan Fac                                  CRISIL BB-
Rai Fertilizer Center                   CC                 CRISIL BB      138.5   Reaffirmed
Rai Fertilizer Center                   Proposed CC Limit  CRISIL BB      11.5    Assigned
Raj Chopra & Company Pvt Ltd            TL                 CRISIL BBB+    580     Reaffirmed
Ramawtar Agrawal Road constructions Pvt Proposed BG        CRISIL B+      150     Revised from
Ltd                                                                               CRISIL BB+
(ISSUER NOT COOPERATING)
Ramkrishna Cotspin Pvt Ltd              CC                 CRISIL B+      75      -
(ISSUER NOT COOPERATING)
Ramkrishna Cotspin Pvt Ltd              LT Loan            CRISIL B+      610     -
(ISSUER NOT COOPERATING)
Ramkrishna Cotspin Pvt Ltd              Proposed LT Bk     CRISIL B+      7.5     -
                                        Loan Fac
(ISSUER NOT COOPERATING)
Reach Logistics Pvt Ltd                 CC                 CRISIL B+      50      Revised from
                                                                                  CRISIL BB-
(ISSUER NOT COOPERATING)
Reach Logistics Pvt Ltd                 Proposed LT Bk     CRISIL B+      10      Revised from
                                        Loan Fac                                  CRISIL BB-
(ISSUER NOT COOPERATING)
Relcom Technology Pvt Ltd               CC                 CRISIL BB-     100     -
(ISSUER NOT COOPERATING)
Relcom Technology Pvt Ltd               LT Loan            CRISIL BB-     30      -
(ISSUER NOT COOPERATING)
Resonance Paper Mill Pvt Ltd            CC                 CRISIL BB-     70      Upgraded from
                                                                                  CRISIL B+
Resonance Paper Mill Pvt Ltd            Proposed LT Bk     CRISIL BB-     18.5    Upgraded from
                                        Loan Fac                                  CRISIL B+
Resonance Paper Mill Pvt Ltd            TL                 CRISIL BB-     41.5    Upgraded from
                                                                                  CRISIL B+
Rose Marbles Ltd                        Rating             -              -       -
(CRISIL is yet to receive adequate information)
S.P.K. and Co.                          BG                 -              900     Withdrawn
S.P.K. and Co.                          Overdraft          -              800     Withdrawn
Sara Sae Pvt Ltd                        Bill Purc - Disc   CRISIL B       130.8   -
                                        Fac
(Revised from 'CRISIL BB+/Negative ISSUER NOT COOPERATING'* to 'CRISIL D' and
Simultaneously Revised to 'CRISIL B/Stable')
Sara Sae Pvt Ltd                        CC                 CRISIL B       130.9   -
(Revised from 'CRISIL BB+/Negative ISSUER NOT COOPERATING'* to 'CRISIL D' and
Simultaneously Revised to 'CRISIL B/Stable')
Sara Sae Pvt Ltd                        Proposed LT Bk     CRISIL B       392.4   -
                                        Loan Fac
(Revised from 'CRISIL BB+/Negative ISSUER NOT COOPERATING'* to 'CRISIL D' and
Simultaneously Revised to 'CRISIL B/Stable')
Satyam Fresh Food And Feeds Pvt Ltd     Rating             -              -       -
(CRISIL is yet to receive adequate information)
Satyam Plastfab Pvt Ltd                 Proposed LT Bk     CRISIL BB      100     Assigned
                                        Loan Fac
Satyam Plastfab Pvt Ltd                 CC                 CRISIL BB      30      Assigned
Satyam Plastfab Pvt Ltd                 Proposed CC Limit  CRISIL BB      50      Assigned
Shree Gurukrupa Construction Company    Proposed BG        CRISIL BB-     7       Assigned
Shree Gurukrupa Construction Company    CC                 CRISIL BB-     18      Assigned
Shree Sita Edibles Ltd                  Rating             -              -       -
(CRISIL is yet to receive adequate information)
Shree Sita Refiners Pvt Ltd             Rating             -              -       -
(CRISIL is yet to receive adequate information)
Shreyas Shipping and Logistics Ltd      CC                 CRISIL A-      520     Reaffirmed
Shreyas Shipping and Logistics Ltd      Foreign Currency TLCRISIL A-      2232.6  Reaffirmed
Shreyas Shipping and Logistics Ltd      Line of Credit     CRISIL A-      300     Reaffirmed
Shreyas Shipping and Logistics Ltd      Proposed LT Bk     CRISIL A-      1107.4  Reaffirmed
                                        Loan Fac
Shrim Industries Pvt Ltd                TL                 CRISIL D       105.5   Downgraded
                                                                                  from CRISIL B
(ISSUER NOT COOPERATING)
SSG Techno Services Pvt Ltd             CC                 CRISIL B       50      -
(Revised from 'CRISIL B/Stable' to 'CRISIL D' and Simultaneously Upgraded to 'CRISIL B/Stable')
State Bank of India                     Tier-I Bond Issue  CRISIL AA+     171000  Reaffirmed
State Bank of India                     Tier-II Bond Issue CRISIL AAA     50000   Assigned
                                        (Under Basel III)
State Bank of India                     Tier-II Bond Issue CRISIL AAA     50000   Reaffirmed
                                        (Under Basel III)
State Bank of India                     Tier-II Bond Issue CRISIL AAA     20000   Reaffirmed
                                        (Under Basel III)
State Bank of India                     Tier-II Bond Issue CRISIL AAA     36100   Reaffirmed
                                        (Under Basel III)*
*Transferred from State Bank of Bikaner and Jaipur, State Bank of Travancore, State Bank of
Patiala, State Bank of Hyderabad and State Bank of Mysore to State Bank of India (SBI) on their
amalgamation with SBI with effect from April 01, 2017.
State Bank of India                     Lower Tier-II      CRISIL AAA     212500  Reaffirmed
                                        Bonds
State Bank of India                     Lower Tier-II BondsCRISIL AAA     12500   Reaffirmed
State Bank of India                     Lower Tier-II BondsCRISIL AAA     205000  Reaffirmed
State Bank of India                     Lower Tier-II BondsCRISIL AAA     53400   Reaffirmed
State Bank of India                     Tier-I Perpetual   CRISIL AAA     31650   Reaffirmed
                                        Bonds
State Bank of India                     Tier-I Perpetual   CRISIL AAA     15450   Reaffirmed
                                        Bonds
Titagarh Wagons Ltd                     CC                 CRISIL BBB     1400    Downgraded
                                                                                  from CRISIL
                                                                                  BBB+
Triveni Electroplast Pvt Ltd            CC                 CRISIL BB      110     -
(ISSUER NOT COOPERATING)
Triveni Electroplast Pvt Ltd            LT Loan            CRISIL BB      50.5    -
(ISSUER NOT COOPERATING)
Triveni Electroplast Pvt Ltd            Proposed CC Limit  CRISIL BB      4.5     -
(ISSUER NOT COOPERATING)
V L Raka Jewellers Pvt Ltd              CC                 CRISIL B+      60      -
(ISSUER NOT COOPERATING)
V L Raka Jewellers Pvt Ltd              Proposed CC Limit  CRISIL B+      30      -
(ISSUER NOT COOPERATING)
Victoria Foods Pvt Ltd                  WC TL              CRISIL BBB     12      Assigned
Victoria Foods Pvt Ltd                  LT Loan            CRISIL BBB     35.1    Assigned
Victoria Foods Pvt Ltd                  CC                 CRISIL BBB     180     Assigned
Victoria Foods Pvt Ltd                  Proposed LT Bk     CRISIL BBB     132.9   Assigned
                                        Loan Fac
Victoria Foods Pvt Ltd                  Proposed CC Limit  CRISIL BBB     360     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

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@thomsonreuters.com)
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