May 19, 2020 / 8:26 AM / 17 days ago

CRISIL ratings for Indian debt instruments-May 19

   May 19  - Below are the ratings awarded by Credit Rating Information Service of India
(CRISIL) for local debt instruments as of May 18, 2020.


COMPANY                                INSTRUMENT        RATING        AMOUNT MOVEMENT
                                                                      (RS.MLN)
------                                 ----------        ------        -----  ---------
SHORT TERM RATINGS:
-------------------
Aditya Birla Fashion and Retail Ltd    CP                CRISIL A1+    20000  Reaffirmed
Atur India Pvt Ltd                     BG                CRISIL A4+    45.2   Assigned
Champaran Cold Storage Pvt Ltd         Overdraft         CRISIL A4     11.1   Reaffirmed
Deepak Timber Store                    Foreign LOC       CRISIL A4+    120    Reaffirmed
G. Eshwar Reddy and Sons               BG                CRISIL A4+    60     Reaffirmed
Gujarat Pipavav Port Ltd               BG                CRISIL A1+    600    Reaffirmed
Gujarat Pipavav Port Ltd               Proposed BG       CRISIL A1+    319.5  Reaffirmed
Jakson Ltd                             ST Loan           CRISIL A1     900    Assigned
Jakson Ltd                             LOC               CRISIL A1     500    Assigned
Jakson Ltd                             BG                CRISIL A1     1800   Assigned
Masina Alloys Pvt Ltd                  BG                CRISIL A4+    11     Reaffirmed
Nava Nirman Fabrication Pvt Ltd        BG                CRISIL A4+    50     Reaffirmed
Pudumjee Paper Products Ltd            LOC & BG          CRISIL A2+    1600   Reaffirmed
S. B . Construction                    BG                CRISIL A4+    74     Reaffirmed
Samay Project Services Pvt Ltd         BG                CRISIL A4     62.5   Reaffirmed
(Issuer Not Cooperating)
Sarbamangala Agro Products Pvt Ltd     BG                CRISIL A4+    2.5    -
(Assigned; Suspension Revoked)
Sarika Industries Pvt Ltd              LOC Bill          CRISIL A4+    10     Reaffirmed
                                       Discounting
Satkartar Electricals And Electronics  Proposed BG       CRISIL A4     80     -
Pvt Ltd
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Silver Spring Spinners India Pvt Ltd   BG                CRISIL A4     1.5    Reaffirmed
(Issuer Not Cooperating)
Silver Spring Spinners India Pvt Ltd   LOC               CRISIL A4     10.5   Reaffirmed
(Issuer Not Cooperating)
SN Jyoti Associates Pvt Ltd            BG                CRISIL A4     120    Reaffirmed
(Issuer Not Cooperating)
Sri Sai Appa BioCare                   BG                CRISIL A4     20     Reaffirmed
(Issuer Not Cooperating)
Steel Providers                        BG                CRISIL A4     15     Reaffirmed
(Issuer Not Cooperating)
Sundale Packers                        LOC               CRISIL A4     50     Reaffirmed
(Issuer Not Cooperating)
Vedanga Solar Energy Pvt Ltd           Foreign Exchange  CRISIL A4     0.5    -
                                       Forward
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Veerabhadra Minerals Pvt Ltd           BG                CRISIL A4     0.8    Reaffirmed
(Issuer Not Cooperating)
Veerabhadra Minerals Pvt Ltd           Packing Credit    CRISIL A4     20     Reaffirmed
(Issuer Not Cooperating)
Venkateshwara Industries               LOC               CRISIL A4     6.9    -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Verve Humancare Laboratories           BG                CRISIL A4     41     -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Vikas Sales Supplies                   BG                CRISIL A4     22.5   Reaffirmed
(Issuer Not Cooperating)
Vishnu Carriers Pvt Ltd                BG                CRISIL A4     30     -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Vivada Corporation Ltd                 BG                CRISIL A4     15     -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Vivada Corporation Ltd                 Overdraft         CRISIL A4     6      -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
VPR Constructions-Hyderabad            BG                CRISIL A4     35     -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
VPR Constructions-Hyderabad            LOC               CRISIL A4     5      -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Wide Angle Packaging System Pvt Ltd    BG                CRISIL A4     3      Reaffirmed
(Issuer Not Cooperating)

MEDIUM TERM RATINGS:
-------------------
Pudumjee Paper Products Ltd            FD                FA/Stable     500    Reaffirmed

LONG TERM RATINGS:
-------------------
Aditya Birla Fashion and Retail Ltd    NCD               CRISIL        4000   Withdrawn
                                                         AA/Stable
Aditya Birla Fashion and Retail Ltd    CC                CRISIL        8410   Reaffirmed
                                                         AA/Stable
Aditya Birla Fashion and Retail Ltd    LT Loan           CRISIL        279    Reaffirmed
                                                         AA/Stable
Aditya Birla Fashion and Retail Ltd    Proposed LT Bk    CRISIL        14311  Reaffirmed
                                       Loan Fac          AA/Stable
Aditya Birla Fashion and Retail Ltd    WC Demand Loan    CRISIL        2000   Reaffirmed
                                                         AA/Stable
Aditya Birla Fashion and Retail Ltd    NCD               CRISIL        4000   Assigned
                                                         AA/Stable
Aditya Birla Fashion and Retail Ltd    NCD               CRISIL        5000   Reaffirmed
                                                         AA/Stable
Aditya Birla Fashion and Retail Ltd    NCD               CRISIL        3000   Reaffirmed
                                                         AA/Stable
Atur India Pvt Ltd                     CC                CRISIL        42.5   Assigned
                                                         BB+/Stable
Champaran Cold Storage Pvt Ltd         Proposed LT Bk    CRISIL B/Stable 22.2 -
                                       Loan Fac
(Upgraded from CRISIL B-/Stable)
Champaran Cold Storage Pvt Ltd         TL                CRISIL B/Stable 66.7 -
(Upgraded from CRISIL B-/Stable)
Deepak Timber Store                    CC                CRISIL        25     Reaffirmed
                                                         BB/Stable
G. Eshwar Reddy and Sons               Proposed LT Bk    CRISIL        20     Reaffirmed
                                       Loan Fac          BB-/Stable
G. Eshwar Reddy and Sons               Secured Overdraft CRISIL        100    Reaffirmed
                                       Fac               BB-/Stable
Gujarat Pipavav Port Ltd               Proposed LT Bk    CRISIL        11825  Reaffirmed
                                       Loan Fac          AA-/Stable
Hemraj Rice Products Pvt Ltd           CC                CRISIL        115    Reaffirmed
                                                         BB/Stable
Jakson Ltd                             WC Fac            CRISIL        1500   Assigned
                                                         A+/Stable
Jakson Ltd                             CC                CRISIL        300    Assigned
                                                         A+/Stable
Masina Alloys Pvt Ltd                  CC                CRISIL        70     -
                                                         BB-/Stable
(Downgraded from CRISIL BB/Stable)
Masina Alloys Pvt Ltd                  LT Loan           CRISIL        10     -
                                                         BB-/Stable
(Downgraded from CRISIL BB/Stable)
Nava Nirman Fabrication Pvt Ltd        CC                CRISIL        140    Reaffirmed
                                                         BB+/Stable
Nava Nirman Fabrication Pvt Ltd        LT Loan           CRISIL        53     Reaffirmed
                                                         BB+/Stable
Nava Nirman Fabrication Pvt Ltd        Proposed CC Limit CRISIL        32     Reaffirmed
                                                         BB+/Stable
Pudumjee Paper Products Ltd            CC                CRISIL        400    Reaffirmed
                                                         A-/Stable
Pudumjee Paper Products Ltd            Proposed TL       CRISIL        500    Reaffirmed
                                                         A-/Stable
S. B . Construction                    Proposed LT Bk    CRISIL        11     -
                                       Loan Fac          BB-/Stable
(Downgraded from CRISIL BB/Stable)
Sai Machine Tools Pvt Ltd              CC                CRISIL        50     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Sai Smaran Foods Ltd                   CC                CRISIL        400    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB+/Stable)
Samay Project Services Pvt Ltd         CC                CRISIL        6      Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Samay Project Services Pvt Ltd         Proposed LT Bk    CRISIL        16.5   Reaffirmed
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Sanchary Marine Products & Transporters CC               CRISIL B/Stable 50   Reaffirmed
Pvt Ltd
(Issuer Not Cooperating)
Sanchary Marine Products & Transporters TL               CRISIL B/Stable 80   Reaffirmed
Pvt Ltd
(Issuer Not Cooperating)
Sanei Motors Pvt Ltd                   CC                CRISIL        30     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB+/Stable)
Sanei Motors Pvt Ltd                   Electronic Dealer CRISIL        140    -
                                       Financing         B+/Stable
                                       Scheme(e-DFS)
(ISSUER NOT COOPERATING; Revised from CRISIL BB+/Stable)
Sanklecha Constructions Pvt Ltd        Drop Line         CRISIL D      200    Reaffirmed
                                       Overdraft Fac
(Issuer Not Cooperating)
Saras Plastics Pvt Ltd                 CC                CRISIL        28     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Saras Plastics Pvt Ltd                 LT Loan           CRISIL        46.2   Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Sarbamangala Agro Products Pvt Ltd     CC                CRISIL        38     -
                                                         BB-/Stable
(Assigned; Suspension Revoked)
Sarbamangala Agro Products Pvt Ltd     Proposed LT Bk    CRISIL        29.5   -
                                       Loan Fac          BB-/Stable
(Assigned; Suspension Revoked)
Sarika Industries Pvt Ltd              CC                CRISIL        110    Reaffirmed
                                                         BB-/Stable
Sarika Industries Pvt Ltd              WC TL             CRISIL        10     Reaffirmed
                                                         BB-/Stable
Satkartar Electricals And Electronics  Proposed Overdraft CRISIL       35     -
Pvt Ltd                                Fac               B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Saurava Towers Pvt Ltd                 Proposed TL       CRISIL        100    Reaffirmed
                                                         B-/Stable
(Issuer Not Cooperating)
Shamrock Chemie Pvt Ltd                CC                CRISIL D      120    Reaffirmed
(Issuer Not Cooperating)
Shamrock Chemie Pvt Ltd                LOC               CRISIL D      30     Reaffirmed
(Issuer Not Cooperating)
Shamrock Chemie Pvt Ltd                Proposed LT Bk    CRISIL D      200    Reaffirmed
                                       Loan Fac
(Issuer Not Cooperating)
Shree Mahaveerji Polyfab Pvt Ltd       CC                CRISIL        40     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Shree Mahaveerji Polyfab Pvt Ltd       LT Loan           CRISIL        90     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Shree Mahaveerji Polyfab Pvt Ltd       Proposed LT Bk    CRISIL        20     -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Shri Nallapulliamman Hi-tech Modern    CC                CRISIL        100    -
Rice Mill                                                B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Shri Ram Cold Storage and Chilling     TL                CRISIL        41.1   Assigned
Plants                                                   B/Stable
Shri Ram Cold Storage and Chilling     CC                CRISIL        19.7   Assigned
Plants                                                   B/Stable
Shri Ram Cold Storage and Chilling     Proposed LT Bk    CRISIL        3.6    Assigned
Plants                                 Loan Fac          B/Stable
Silver Spring Spinners India Pvt Ltd   CC                CRISIL        67.5   Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Silver Spring Spinners India Pvt Ltd   Proposed LT Bk    CRISIL        20.5   Reaffirmed
                                       Loan Fac          B/Stable
(Issuer Not Cooperating)
Silver Spring Spinners India Pvt Ltd   Rupee TL          CRISIL        25     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
SN Jyoti Associates Pvt Ltd            CC                CRISIL        100    Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
SN Jyoti Associates Pvt Ltd            TL                CRISIL        10     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Sri Maharudra Rice Industries          CC                CRISIL        49.5   -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
Sri Maharudra Rice Industries          LT Loan           CRISIL        11.7   -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
Sri Sai Appa BioCare                   CC                CRISIL        20     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Sri Sai Appa BioCare                   Proposed CC Limit CRISIL        10     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Sri Sai Appa BioCare                   Proposed LT Bk    CRISIL        60     Reaffirmed
                                       Loan Fac          B/Stable
(Issuer Not Cooperating)
Sri Satyalakshmi Rice Mill             CC                CRISIL        70     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Sri Satyalakshmi Rice Mill             Proposed LT Bk    CRISIL        40     Reaffirmed
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Sri Seshasai Spinning Mills Pvt Ltd    CC                CRISIL        130    Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Sri Seshasai Spinning Mills Pvt Ltd    LT Loan           CRISIL        66.8   Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Sri Seshasai Spinning Mills Pvt Ltd    Proposed FB Bk    CRISIL        3.2    Reaffirmed
                                       Limits            B+/Stable
(Issuer Not Cooperating)
Steel Providers                        CC                CRISIL        50     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Steel Providers                        Proposed CC Limit CRISIL        35     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Sundale Packers                        CC                CRISIL        5      Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Sundale Packers                        Proposed LT Bk    CRISIL        87.2   Reaffirmed
                                       Loan Fac          B/Stable
(Issuer Not Cooperating)
Sundale Packers                        TL                CRISIL        7.8    Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Sundaram Mahadeo Autoworld Pvt Ltd     CC                CRISIL        15     -
                                                         B/Stable
(Downgraded from CRISIL B+/Stable)
Sundaram Mahadeo Autoworld Pvt Ltd     Electronic Dealer CRISIL        40     -
                                       Financing         B/Stable
                                       Scheme(e-DFS)
(Downgraded from CRISIL B+/Stable)
Sundaram Mahadeo Autoworld Pvt Ltd     TL                CRISIL        15     -
                                                         B/Stable
(Downgraded from CRISIL B+/Stable)
Tarapur Transformers Ltd               BG                CRISIL D      130    Reaffirmed
(Issuer Not Cooperating)
Tarapur Transformers Ltd               CC                CRISIL D      120    Reaffirmed
(Issuer Not Cooperating)
Tarapur Transformers Ltd               LOC               CRISIL D      50     Reaffirmed
(Issuer Not Cooperating)
Tarapur Transformers Ltd               Proposed LT Bk    CRISIL D      142.5  Reaffirmed
                                       Loan Fac
(Issuer Not Cooperating)
Tarapur Transformers Ltd               Rupee TL          CRISIL D      50     Reaffirmed
(Issuer Not Cooperating)
V. J. Automobiles Pvt Ltd              CC                CRISIL        70     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB+/Stable)
V. J. Automobiles Pvt Ltd              LT Loan           CRISIL        20     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB+/Stable)
V. J. Automobiles Pvt Ltd              Proposed LT Bk    CRISIL        10     -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB+/Stable)
Vaibhav Ispat Pvt Ltd                  CC                CRISIL        75     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Vaishnodevi Oil Seeds Processing       CC                CRISIL        85     -
Industries                                               B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Vaishnodevi Oil Seeds Processing       Proposed LT Bk    CRISIL        15     -
Industries                             Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Vardhman Rice Exports Pvt Ltd          CC                CRISIL        100    Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Vardhman Rice Exports Pvt Ltd          TL                CRISIL        28.3   Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Vardhman Rice Exports Pvt Ltd          Warehouse Receipts CRISIL       21.7   Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Varun Industries - Bikaner             CC                CRISIL        60     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Varun Industries - Bikaner             Proposed LT Bk    CRISIL        6.7    Reaffirmed
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Varun Industries - Bikaner             TL                CRISIL        3.3    Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Varun Industries - Bikaner             Warehouse Receipts CRISIL       130    Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Vedanga Solar Energy Pvt Ltd           LT Loan           CRISIL        144.5  -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
Veekas Pipes Pvt Ltd                   Overdraft         CRISIL        100    Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Veerabhadra Minerals Pvt Ltd           CC                CRISIL        8      Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Veerabhadra Minerals Pvt Ltd           Foreign Bill      CRISIL        10     Reaffirmed
                                       Discounting       B+/Stable
(Issuer Not Cooperating)
Veerabhadra Minerals Pvt Ltd           Foreign LOC       CRISIL        15     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Veerabhadra Minerals Pvt Ltd           LT Loan           CRISIL        16.2   Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Venkata Bhagyalakshmi Raw and Boiled   CC                CRISIL        50     -
Rice Mill                                                B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Venkata Bhagyalakshmi Raw and Boiled   LT Loan           CRISIL        50     -
Rice Mill                                                B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Venkateshwara Industries               CC                CRISIL        54     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Venkateshwara Industries               LT Loan           CRISIL        15.2   -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Venkateshwara Industries               Proposed LT Bk    CRISIL        23.9   -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Verve Humancare Laboratories           CC                CRISIL        15     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Verve Humancare Laboratories           Proposed LT Bk    CRISIL        19.7   -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Verve Humancare Laboratories           Rupee TL          CRISIL        14.3   -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Vignesh Dall Industries                CC                CRISIL        57.5   -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
Vikas Sales Supplies                   CC                CRISIL        35     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
VIN Auto                               CC                CRISIL D      50     Reaffirmed
(Issuer Not Cooperating)
VIN Auto                               Channel Financing CRISIL D      50     Reaffirmed
(Issuer Not Cooperating)
VIN Auto                               Proposed LT Bk    CRISIL D      23.5   Reaffirmed
                                       Loan Fac
(Issuer Not Cooperating)
VIN Auto                               TL                CRISIL D      26.5   Reaffirmed
(Issuer Not Cooperating)
Vishnu Carriers Pvt Ltd                CC                CRISIL        90     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Vishnu Vidyuth India Ltd               CC                CRISIL D      40     Reaffirmed
(Issuer Not Cooperating)
Vishnu Vidyuth India Ltd               TL                CRISIL D      260    Reaffirmed
(Issuer Not Cooperating)
Vivada Corporation Ltd                 CC                CRISIL        36.5   -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB+/Stable)
Vivada Corporation Ltd                 LT Loan           CRISIL        55.9   -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB+/Stable)
Vivada Corporation Ltd                 Proposed LT Bk    CRISIL        1.6    -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB+/Stable)
VPR Constructions-Hyderabad            CC                CRISIL        15     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
VPR Constructions-Hyderabad            Proposed LT Bk    CRISIL        45     -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Wide Angle Packaging System Pvt Ltd    CC                CRISIL        40     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Wide Angle Packaging System Pvt Ltd    Proposed TL       CRISIL        25     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Wide Angle Packaging System Pvt Ltd    TL                CRISIL        32     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
--------------------------------------------------------------------------------------------
$: 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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