November 1, 2019 / 9:16 AM / 4 months ago

CRISIL ratings for Indian debt instruments-Nov 1

    Nov 1 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of October 31, 2019.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
A B Sugars Ltd                          LOC & BG           CRISIL A3+     200
Continues on Rating Watch with Developing Implications 
Aditya Birla Fashion and Retail Ltd     CP                 CRISIL A1+     12500   Reaffirmed
Aditya Motocorp Pvt Ltd                 Inventory Funding  CRISIL A4+     55      Assigned
                                        Fac
Amar Shoe and Leather Wear              Foreign Exchange   CRISIL A4+     15      Migrated
(Issuer Not Cooperating)
Amara Raja Infra Pvt Ltd                BG                 CRISIL A2      600     Reaffirmed
Amara Raja Infra Pvt Ltd                LOC                CRISIL A2      75      Reaffirmed
Astral Poly Technik Ltd                 CP                 CRISIL A1+     500     Reaffirmed
Astral Poly Technik Ltd                 BG                 CRISIL A1+     15      Reaffirmed
Astral Poly Technik Ltd                 LOC                CRISIL A1+     100     Reaffirmed
Astron International Pvt Ltd            LOC                CRISIL A3      250     Reaffirmed
Axolo Ceramic Pvt Ltd                   BG                 CRISIL A3      10      Reaffirmed
Axolo Ceramic Pvt Ltd                   LOC                CRISIL A3      20      Reaffirmed
Bodal Chemicals Ltd                     CP                 CRISIL A1+     100     Reaffirmed
Bodal Chemicals Ltd                     LOC                CRISIL A1+     320     Reaffirmed
Bonageri Lifescience Ltd                Proposed LOC       CRISIL A4      120     Assigned
Central Investigation and Security      BG                 CRISIL A3+     110     Reaffirmed
Services Ltd
Comfia Industries Pvt Ltd               LOC                CRISIL A3      65      Reaffirmed
Compact Builders Road Construction Pvt  Proposed BG        CRISIL A4      40      Assigned
Ltd
Continental Milkose India Ltd           BG                 CRISIL A4+     230     Assigned;
                                                                                  Suspension
                                                                                  Revoked
Danish Pvt Ltd                          Loan Equivalent    CRISIL A3      10      Assigned
                                        Risk Limits
Danish Pvt Ltd                          LOC                CRISIL A3      80      Assigned
Danish Pvt Ltd                          BG*                CRISIL A3      305     Assigned
*Interchangeable with Letter of credit limit to the extent of Rs 5.50 crore 
Danish Pvt Ltd                          Bill Discounting   CRISIL A3      50      Assigned
                                        under LOC
Deki Electronics Ltd                    BG                 CRISIL A3+     1       Reaffirmed
Deki Electronics Ltd                    Foreign LOC        CRISIL A3+     12.5    Reaffirmed
Devi Engineering And Constructions Pvt  BG                 CRISIL A4+     300     Withdrawn
Ltd
(Issuer Not Cooperating)
Devi Engineering And Constructions Pvt  LOC                CRISIL A4+     20      Withdrawn
Ltd
(Issuer Not Cooperating)
Durga Charitable Society                BG                 CRISIL A2      10      Reaffirmed
Elgi Ultra Industries Ltd               BG                 CRISIL         15
                                                           A2/Watch
                                                           Negative
(Placed on Rating Watch with Negative implications)
Elgi Ultra Industries Ltd               LOC                CRISIL         50
                                                           A2/Watch
                                                           Negative
(Placed on Rating Watch with Negative implications)
Gandharva Infrastructure And Projects   BG                 CRISIL A4+     60      Reaffirmed
Ltd
Geojit Financial Services Ltd           BG                 CRISIL A1      1670    Reaffirmed
Godrej Consumer Products Ltd            CP Programme       CRISIL A1+     7500    Reaffirmed
Gunjan Enterprises - Lucknow            Proposed ST Bk     CRISIL A4      25      Assigned
                                        Loan Fac
Haq Steels Pvt Ltd                      BG                 CRISIL A3+     60      Assigned
Hester Diagnostics Pvt Ltd              BG                 CRISIL A4+     10      Reaffirmed
Hilltop Hirise Pvt Ltd                  BG                 CRISIL A3      315     Assigned;
                                                                                  Suspension
                                                                                  Revoked
Hilltop Hirise Pvt Ltd                  Proposed BG        CRISIL A3      185     Assigned;
                                                                                  Suspension
                                                                                  Revoked
Himatsingka Seide Ltd                   BG                 CRISIL A1      55      Reaffirmed
Himatsingka Seide Ltd                   LOC                CRISIL A1      2390    Reaffirmed
Himatsingka Seide Ltd                   Packing Credit#    CRISIL A1      9160    Reaffirmed
#Interchangeable with bills discounting 
Himatsingka Seide Ltd                   Post Shipment      CRISIL A1      250     Reaffirmed
                                        Credit#
#Interchangeable with bills discounting 
Imperial Hospital and Research Centre   BG                 CRISIL A1+     50      Assigned
Ltd
J C Fasteners Ltd                       LOC                CRISIL A4+     10      Assigned
Jama Corporation Pvt Ltd                Letter Of GuaranteeCRISIL A3      4.5     Reaffirmed
Jama Corporation Pvt Ltd                Packing Credit     CRISIL A3      305     Reaffirmed
Jayem Warehousing Pvt Ltd               BG                 CRISIL A3      3       Assigned
Jubilant Life Sciences Ltd              CP Programme       CRISIL A1+     4000    Reaffirmed
K B Contract Pvt Ltd                    LOC & BG           CRISIL A4      30      Reaffirmed
K R Rubberite Pvt Ltd                   CC & WC demand loanCRISIL A3      250     Reassigned
Kokal Interior Contracts Pvt Ltd        BG                 CRISIL A2      200     Reaffirmed
Kores India Ltd                         BG                 CRISIL A3+     400     Reaffirmed
Kores India Ltd                         LOC                CRISIL A3+     350     Reaffirmed
Leben Laboratories Pvt Ltd              LOC                CRISIL A3      21.5    Reaffirmed
Lucas Indian Service Ltd                CP                 CRISIL A1+     50      Reaffirmed
Lucas Indian Service Ltd                BG#                CRISIL A1+     100     Reaffirmed
# Interchangeable with letter of credit of up to Rs 5 crore
Lucas Indian Service Ltd                Bill Discounting   CRISIL A1+     580     Reaffirmed
Lucas Indian Service Ltd                LOC^               CRISIL A1+     50      Reaffirmed
^ Interchangeable with bank guarantee
Mansukh Securities and Finance Ltd      BG                 CRISIL A3      1262    Reaffirmed
Mansukh Securities and Finance Ltd      Proposed BG        CRISIL A3      9.5     Reaffirmed
Matrix Therapeutics Pvt Ltd             BG                 CRISIL A4+     23.5    Migrated from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Matrix Therapeutics Pvt Ltd             Bill Discounting   CRISIL A4+     20      Migrated from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Neogen Chemicals Ltd                    LOC                CRISIL A2      55      Reaffirmed
Panna Textile Industries Pvt Ltd        Export Bill        CRISIL A4      35      Reaffirmed
                                        Purchase
                                        -Discounting
Panna Textile Industries Pvt Ltd        LOC                CRISIL A4      15      Reaffirmed
Panna Textile Industries Pvt Ltd        Packing Credit     CRISIL A4      30      Reaffirmed
Pataka Industries Pvt Ltd               BG                 CRISIL A2+     50      Reaffirmed
Pragati Electrocom Pvt Ltd              BG                 CRISIL A4+     90      Assigned
Prince Academy Of Higher Education      Overdraft          CRISIL A3      80      Reaffirmed
Quantas Glass And Ceramic Pvt Ltd       BG                 CRISIL A3      11.4    Reaffirmed
Quantas Glass And Ceramic Pvt Ltd       LOC                CRISIL A3      20      Reaffirmed
Rajdeep Publicity Pvt Ltd               BG                 CRISIL A4      79.7    Reaffirmed
Ramani Timber Mart                      LOC                CRISIL A4      90      Assigned
Ranjitsingh Saluja                      BG                 CRISIL A4+     26.6    Reaffirmed
Resinova Chemie Ltd                     LOC                CRISIL A1      532     Reaffirmed
Rex Polyextrusion Pvt Ltd               BG                 CRISIL A1      170     Withdrawn
S. R. S. Park                           BG                 CRISIL A4+     6.5     Assigned
Sahyadri Farmers Producer Co. Ltd       Foreign Exchange   CRISIL A2      80      Upgraded from
                                        Forward                                   CRISIL A3+
Sahyadri Farmers Producer Co. Ltd       Packing Credit in  CRISIL A2      290     Upgraded from
                                        Foreign Currency                          CRISIL A3+
Shree Krishna Timber Co Pvt Ltd         LOC                CRISIL A4+     50      Downgraded
                                                                                  from CRISIL
                                                                                  A3
Shree Krishna Timber Co Pvt Ltd         Non-FBL            CRISIL A4+     6.4     Downgraded
                                                                                  from CRISIL
                                                                                  A3
Shree Shakti Ceramics - Mehsana         BG                 CRISIL A3      10      Reaffirmed
Shree Shakti Ceramics - Mehsana         LOC                CRISIL A3      20      Reaffirmed
Shree Venkateshwara Infrastructure Pvt  BG                 CRISIL A4      40      Reaffirmed
Ltd
Shree Venkateshwara Infrastructure Pvt  Proposed BG        CRISIL A4      15      Reaffirmed
Ltd
Shreenath Ceramics Industries           BG                 CRISIL A3      18.5    Reaffirmed
Shreenath Ceramics Industries           LOC                CRISIL A3      50      Reaffirmed
Shyam Metalics and Energy Ltd           BG                 CRISIL A1      180
Shyam Metalics and Energy Ltd           LOC                CRISIL A1      2840
Shyam Sel and Power Ltd                 BG                 CRISIL A1      250     Reaffirmed
                                                                                  and Withdrawn
Shyam Sel and Power Ltd                 LOC                CRISIL A1      2900    Reaffirmed
                                                                                  and Withdrawn
Shyam Sel and Power Ltd                 CP                 CRISIL A1      150     Reaffirmed
                                                                                  and Withdrawn
Silvertoss Industries Pvt Ltd           LOC                CRISIL A4+     322.5   Downgraded
                                                                                  from CRISIL
                                                                                  A3
SkipperSeil Ltd                         BG                 CRISIL A4+     793.6   Assigned;
                                                                                  Susupension
                                                                                  Revoked
SkipperSeil Ltd                         Packing Credit     CRISIL A4+     117.2   Assigned;
                                                                                  Susupension
                                                                                  Revoked
Sre Venkatachalapathy Textiles          LOC                CRISIL A4+     25      Assigned
Sree Rani Sati Overseas Pvt Ltd         Proposed NFBL      CRISIL A4      272     Migrated from
                                                                                  CRISIL A4
(Issuer Not Cooperating)
Sunil Garg and Co                       BG                 CRISIL A4+     90      Migrated
(Issuer Not Cooperating)
Sunrise Glass Industries Pvt Ltd        BG                 CRISIL A3      30      Reaffirmed
Sunrise Glass Industries Pvt Ltd        LOC                CRISIL A3      100     Reaffirmed
Sunrise Silichem Industries Pvt Ltd     BG                 CRISIL A3      10      Reaffirmed
Sunrise Silichem Industries Pvt Ltd     LOC                CRISIL A3      40      Reaffirmed
Superking Glass and Ceramic Pvt Ltd     LOC                CRISIL A3      10      Reaffirmed
TRG Industries Pvt Ltd                  BG*                CRISIL A4+     90      Reassigned
* Interchangeability of Rs. 9 crore from Bank Guarantee limit to Secured Overdraft Facility
limit
Victor Forgings                         Post Shipment      CRISIL A4+     55      Reaffirmed
                                        Credit
Victor Forgings                         Pre Shipment Fac   CRISIL A4+     40      Reaffirmed
Wahid Sandhar Sugars Ltd                BG                 CRISIL A4+     10      Migrated from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Wave Industries Pvt Ltd                 BG                 CRISIL A4+     250
Continues on Rating Watch with Negative Implications
Wave Industries Pvt Ltd                 LOC                CRISIL A4+     250
Continues on Rating Watch with Negative Implications
Welsuit Glass and Ceramics Pvt Ltd      BG                 CRISIL A3      50      Reaffirmed
Welsuit Glass and Ceramics Pvt Ltd      LOC                CRISIL A3      150     Reaffirmed
Yokogawa India Ltd                      LOC & BG           CRISIL A1+     2890    Reaffirmed
Yug Infrastructures Pvt Ltd             BG                 CRISIL A4      100     Reaffirmed
Zip Industries Ltd                      Inland/Import LOC  CRISIL A4+     25      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Zirconia Cera Tech Glazes               BG                 CRISIL A3      15      Reaffirmed
Zirconia Cera Tech Glazes               LOC                CRISIL A3      15      Reaffirmed
MEDIUM TERM RATINGS:
-------------------
Deki Electronics Ltd                    FD                 FA-/Stable     60      Reaffirmed
Kores India Ltd                         FD                 FA-/ Negative  185     Reaffirmed
Outlook revised from Stable

LONG TERM RATINGS:
-------------------
A B Sugars Ltd                          CC                 CRISIL BBB     1100
Continues on Rating Watch with Developing Implications 
A B Sugars Ltd                          TL                 CRISIL BBB     200
Continues on Rating Watch with Developing Implications 
ACME Jaipur Solar Power Pvt Ltd         LT Bk Fac          CRISIL         9100    Reaffirmed
                                                           BBB/Positive           and Withdrawn
ACME Mahbubnagar Solar Energy Pvt Ltd   LT Bk Fac          CRISIL         1550    Reaffirmed
                                                           A-/Stable              and Withdrawn
Acme Yamunanagar Solar Power Pvt Ltd    LT Bk Fac          CRISIL         1090    Reaffirmed
                                                           A-/Stable              and Withdrawn
Aditya Birla Fashion and Retail Ltd     NCD                CRISIL         5000    Assigned
                                                           AA/Stable
Aditya Birla Fashion and Retail Ltd     NCD                CRISIL         3000    Reaffirmed
                                                           AA/Stable
Aditya Birla Fashion and Retail Ltd     NCD                CRISIL         4000    Reaffirmed
                                                           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         1811    Reaffirmed
                                        Loan Fac           AA/Stable
Aditya Birla Fashion and Retail Ltd     WC Demand Loan     CRISIL         2000    Reaffirmed
                                                           AA/Stable
Aditya Motocorp Pvt Ltd                 CC                 CRISIL         60      Assigned
                                                           BB-/Stable
Aditya Motocorp Pvt Ltd                 TL                 CRISIL         35      Assigned
                                                           BB-/Stable
AGR Automobiles Pvt Ltd                 CC                 CRISIL         40      Reaffirmed
                                                           BBB-/Stable
AGR Automobiles Pvt Ltd                 Inventory Funding  CRISIL         160     Reaffirmed
                                        Fac                BBB-/Stable
Ajeet Seeds Pvt Ltd                     CC                 CRISIL         300     Downgraded
                                                           A-/Stable              from CRISIL
                                                                                  A/Stable
Alliance Dental Care Ltd                Overdraft          CRISIL         100     Reaffirmed
                                                           A/Stable
Alliance Dental Care Ltd                Proposed LT Bk     CRISIL         175     Reaffirmed
                                        Loan Fac           A/Stable
Alliance Dental Care Ltd                Rupee TL           CRISIL         225     Reaffirmed
                                                           A/Stable
Amar Shoe and Leather Wear              Cash TL            CRISIL         1.5     Migrated
                                                           BB+/Stable
(Issuer Not Cooperating)
Amar Shoe and Leather Wear              Export Packing     CRISIL         55      Migrated
                                        Credit             BB+/Stable
(Issuer Not Cooperating)
Amar Shoe and Leather Wear              Proposed FB Bk     CRISIL         18.5    Migrated
                                        Limits             BB+/Stable
(Issuer Not Cooperating)
Amara Raja Infra Pvt Ltd                CC                 CRISIL         125     Reaffirmed
                                                           BBB+/Negative
(Outlook revised from Stable)
Apollo Health and Lifestyle Ltd         CC                 CRISIL         100     Reaffirmed
                                                           A/Stable
Apollo Health and Lifestyle Ltd         Overdraft          CRISIL         200     Reaffirmed
                                                           A/Stable
Apollo Health and Lifestyle Ltd         Proposed LT Bk     CRISIL         700     Reaffirmed
                                        Loan Fac           A/Stable
Apollo Health and Lifestyle Ltd         TL                 CRISIL         510     Reaffirmed
                                                           A/Stable
Apollo Health and Lifestyle Ltd         TL^                CRISIL         410     Reaffirmed
                                                           A/Stable^Rs 41 crore is
interchangeable with letter of credit sight, letter of credit usance sight, and letter of
undertaking for buyer's credit. 
Apollo Specialty Hospitals Pvt Ltd      CC/ Overdraft Fac  CRISIL         50      Reaffirmed
                                                           BBB+/Stable
Apollo Specialty Hospitals Pvt Ltd      Non-FBL            CRISIL         200     Reaffirmed
                                                           BBB+/Stable
Apollo Specialty Hospitals Pvt Ltd      Proposed LT Bk     CRISIL         125     Reaffirmed
                                        Loan Fac           BBB+/Stable
Apollo Specialty Hospitals Pvt Ltd      TL                 CRISIL         1625    Reaffirmed
                                                           BBB+/Stable
Armaan Hospital                         CC                 CRISIL BB      5.5     Reaffirmed
Armaan Hospital                         LT Loan            CRISIL BB      74.5    Reaffirmed
Ashirvad Pipes Pvt Ltd                  CC*                CRISIL         650     Reaffirmed
                                                           AA-/Positive
Outlook revised from Stable/*Fully interchangeable with line of credit; foreign currency
non-resident (B) loan, export packing credit/packing credit in foreign currency (EPC/PCFC),
inland bills purchased/discounted, foreign bills purchased/discounted/post-shipment credit in
foreign currency of Rs 7 crore; and buyer's credit of Rs 30 crore
Ashirvad Pipes Pvt Ltd                  WC Demand Loan     CRISIL         4067.2  Reaffirmed
                                                           AA-/Positive
(Outlook revised from Stable)
Astral Poly Technik Ltd                 CC                 CRISIL         2150    Reaffirmed
                                                           AA-/Positive
Outlook revised from Stable
Astral Poly Technik Ltd                 External           CRISIL         274.7   Reaffirmed
                                        Commercial         AA-/Positive
                                        Borrowings
(Outlook revised from Stable)
Astral Poly Technik Ltd                 Proposed LT Bk     CRISIL         310.3   Reaffirmed
                                        Loan Fac           AA-/Positive
(Outlook revised from Stable)
Astral Poly Technik Ltd                 TL                 CRISIL         950     Reaffirmed
                                                           AA-/Positive
(Outlook revised from Stable)
Astron International Pvt Ltd            CC                 CRISIL         150     Reaffirmed
                                                           BBB-/Stable
Astron International Pvt Ltd            Proposed LT Bk     CRISIL         130     Reaffirmed
                                        Loan Fac           BBB-/Stable
Astron Zinc Industries                  CC                 CRISIL         35      Withdrawn
                                                           BBB-/Stable
Astron Zinc Industries                  LOC & BG           CRISIL         10.4    Withdrawn
                                                           BBB-/Stable
Astron Zinc Industries                  TL                 CRISIL         15      Withdrawn
                                                           BBB-/Stable
AVA Chemicals Pvt Ltd                   WC Fac             CRISIL         100     Assigned
                                                           BBB-/Stable
Axolo Ceramic Pvt Ltd                   CC                 CRISIL         35      Reaffirmed
                                                           BBB-/Stable
Axolo Ceramic Pvt Ltd                   Proposed LT Bk     CRISIL         15      Reaffirmed
                                        Loan Fac           BBB-/Stable
Axolo Ceramic Pvt Ltd                   TL                 CRISIL         10      Reaffirmed
                                                           BBB-/Stable
Blackwood Developers Pvt Ltd            TL                 CRISIL         1100    Reaffirmed
                                                           BBB/Stable
Bodal Chemicals Ltd                     CC                 CRISIL         1750    Reaffirmed
                                                           A+/Stable
Bodal Chemicals Ltd                     Proposed LT Bk     CRISIL         500     Reaffirmed
                                        Loan Fac           A+/Stable
Bonageri Lifescience Ltd                Proposed CC Limit  CRISIL         80      Assigned
                                                           B+/Stable
Central Investigation and Security      CC                 CRISIL         80      Reaffirmed
Services Ltd                                               BBB/Stable
(Outlook revised from Positive)
Comfia Industries Pvt Ltd               CC                 CRISIL         80      Reaffirmed
                                                           BBB-/Stable
Compact Builders Road Construction Pvt  Proposed LT Bk     CRISIL         110     Assigned
Ltd                                     Loan Fac           B+/Stable
Continental Milkose India Ltd           CC                 CRISIL         345     Assigned;
                                                           BB/Stable              Suspension
                                                                                  Revoked
Danish Pvt Ltd                          CC                 CRISIL         145     Assigned
                                                           BBB-/Stable
Deki Electronics Ltd                    CC                 CRISIL         160     Reaffirmed
                                                           BBB/Stable
Deki Electronics Ltd                    Proposed FB Bk     CRISIL         49.5    Reaffirmed
                                        Limits             BBB/Stable
Deki Electronics Ltd                    TL                 CRISIL         47      Reaffirmed
                                                           BBB/Stable
Devbhumi Realtors Pvt Ltd               CC                 CRISIL         9000    Reassigned
                                                           A/Stable               from CRISIL
                                                                                  A(CE)/Stable
Devbhumi Realtors Pvt Ltd               Drop Line          CRISIL         2600    Reassigned
                                        Overdraft Fac      A/Stable               from CRISIL
                                                                                  A(CE)/Stable
Devbhumi Realtors Pvt Ltd               TL                 CRISIL         7150    Reassigned
                                                           A/Stable               from CRISIL
                                                                                  A(CE)/Stable
Devi Engineering And Constructions Pvt  CC & WC demand loanCRISIL         90      Withdrawn
Ltd                                                        BB+/Stable
(Issuer Not Cooperating)
Devi Engineering And Constructions Pvt  LT Loan            CRISIL         130     Withdrawn
Ltd                                                        BB+/Stable
(Issuer Not Cooperating)
Durga Charitable Society                Proposed LT Bk     CRISIL         299.5   Reaffirmed
                                        Loan Fac           BBB+/Stable
Durga Charitable Society                Secured Overdraft  CRISIL         213     Reaffirmed
                                        Fac                BBB+/Stable
Elgi Ultra Industries Ltd               CC                 CRISIL         145
                                                           BBB+/Watch
                                                           Negative
(Placed on Rating Watch with Negative implications)
Elgi Ultra Industries Ltd               LT Loan            CRISIL         157.5
                                                           BBB+/Watch
                                                           Negative
(Placed on Rating Watch with Negative implications)
Essar International                     TL                 CRISIL         81      Assigned
                                                           B/Stable
Essar International                     CC                 CRISIL         40      Assigned
                                                           B/Stable
Essar International                     Proposed LT Bk     CRISIL         4       Assigned
                                        Loan Fac           B/Stable
Eswar Print N Pack Pvt Ltd              CC                 CRISIL         55      Assigned
                                                           BB-/Stable
Exotic Realtors & Developers            Proposed LT Bk     CRISIL BB-     2       Reaffirmed
                                        Loan Fac
Exotic Realtors & Developers            Rupee TL           CRISIL BB-     10      Reaffirmed
Exotic Realtors & Developers            TL                 CRISIL BB-     73      Reaffirmed
Gaia Properties and Infrastructure      Proposed LT Bk     CRISIL         30      Assigned
India Pvt Ltd                           Loan Fac           B+/Stable
Gaia Properties and Infrastructure      LT Loan            CRISIL         45      Assigned
India Pvt Ltd                                              B+/Stable
Gaia Properties and Infrastructure      Overdraft          CRISIL         25      Assigned
India Pvt Ltd                                              B+/Stable
Gandharva Infrastructure And Projects   Overdraft          CRISIL         50      Reaffirmed
Ltd                                                        BB-/Stable
Gunjan Enterprises - Lucknow            Proposed LT Bk     CRISIL B+      22.8    Assigned
                                        Loan Fac
Gunjan Enterprises - Lucknow            CC                 CRISIL B+      40      Assigned
Gunjan Enterprises - Lucknow            Loan Against       CRISIL B+      12.2    Assigned
                                        Property
Haq Steels and Metaliks Ltd             CC                 CRISIL         100     Assigned;
                                                           BBB/Stable             Suspension
                                                                                  Revoked
Haq Steels Pvt Ltd                      TL                 CRISIL         103.8   Assigned
                                                           BBB/Stable
Haq Steels Pvt Ltd                      CC                 CRISIL         260     Assigned
                                                           BBB/Stable
Hester Diagnostics Pvt Ltd              CC                 CRISIL         55      Reaffirmed
                                                           BB+/Stable
Hester Diagnostics Pvt Ltd              Proposed LT Bk     CRISIL         10      Reaffirmed
                                        Loan Fac           BB+/Stable
Hilltop Hirise Pvt Ltd                  CC                 CRISIL         125     Assigned;
                                                           BBB-/Stable            Suspension
                                                                                  Revoked 
Hilltop Hirise Pvt Ltd                  Proposed CC Limit  CRISIL         12.1    Assigned;
                                                           BBB-/Stable            Suspension
                                                                                  Revoked 
Himatsingka Seide Ltd                   Proposed WC Fac    CRISIL         850     Reaffirmed
                                                           A/Negative
Himatsingka Seide Ltd                   TL                 CRISIL         15136.7 Reaffirmed
                                                           A/Negative
IIFL ROBUST CV TRUST NOV 2018           Series A PTCs      CRISIL AAA (SO)-
(Originator: India Infoline Finance
Ltd)
(Revised to Rating Watch with Developing Implications from Rating Watch with Negative
Implications)
Imperial Hospital and Research Centre   CC                 CRISIL         140     Reaffirmed
Ltd                                                        AA-/Stable
Imperial Hospital and Research Centre   TL                 CRISIL         1040    Reaffirmed
Ltd                                                        AA-/Stable
Imperial Hospital and Research Centre   Proposed LT Bk     CRISIL         20      Reaffirmed
Ltd                                     Loan Fac           AA-/Stable
J C Fasteners Ltd                       Proposed LT Bk     CRISIL         30      Assigned
                                        Loan Fac           BB-/Stable
J C Fasteners Ltd                       CC                 CRISIL         40      Assigned
                                                           BB-/Stable
Jama Corporation Pvt Ltd                Bill Discounting   CRISIL         350     Reaffirmed
                                                           BBB-/Negative
(Outlook revised from Stable)
Jama Corporation Pvt Ltd                CC                 CRISIL         100     Reaffirmed
                                                           BBB-/Negative
(Outlook revised from Stable)
Jama Corporation Pvt Ltd                Rupee TL           CRISIL         85      Reaffirmed
                                                           BBB-/Negative
(Outlook revised from Stable)
Jayem Warehousing Pvt Ltd               Proposed CC Limit  CRISIL         12      Assigned
                                                           BBB-/Stable
Jayem Warehousing Pvt Ltd               CC                 CRISIL         105     Assigned
                                                           BBB-/Stable
Jubilant Life Sciences Ltd              NCD                CRISIL AA      3500
(Placed On Rating Watch with Developing Implication)
K B Contract Pvt Ltd                    CC                 CRISIL         40      Reaffirmed
                                                           B+/Stable
K R Rubberite Pvt Ltd                   CC                 CRISIL         150     Migrated from
                                                           BBB-/Stable            CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
K R Rubberite Pvt Ltd                   TL                 CRISIL         200     Migrated from
                                                           BBB-/Stable            CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Kalyan Sarees                           CC                 CRISIL         420     Migrated
                                                           BB-/Stable
(Issuer Not Cooperating)
Kalyan Sarees                           Proposed LT Bk     CRISIL         10      Migrated
                                        Loan Fac           BB-/Stable
(Issuer Not Cooperating)
Kokal Interior Contracts Pvt Ltd        CC                 CRISIL         12.5    Reaffirmed
                                                           BBB/Stable
Kokal Interior Contracts Pvt Ltd        Proposed WC Fac    CRISIL         37.5    Reaffirmed
                                                           BBB/Stable
Kores India Ltd                         CC & WC demand     CRISIL         740     Reaffirmed
                                        loan*              BBB/Negative
(Outlook revised from Stable)*Includes overdraft facility
Kores India Ltd                         Loan Against       CRISIL         213.1   Reaffirmed
                                        Property           BBB/Negative
(Outlook revised from Stable)
Kores India Ltd                         Proposed TL        CRISIL         7       Reaffirmed
                                                           BBB/Negative
(Outlook revised from Stable)
Kores India Ltd                         TL                 CRISIL         278.1   Reaffirmed
                                                           BBB/Negative
(Outlook revised from Stable)
Krishika Farms Pvt Ltd                  CC                 CRISIL         60      Upgraded from
                                                           BB/Stable              CRISIL
                                                                                  BB-/Stable
Krishika Farms Pvt Ltd                  Proposed LT Bk     CRISIL         60      Upgraded from
                                        Loan Fac           BB/Stable              CRISIL
                                                                                  BB-/Stable
Latin Paper Industries LLP              BG                 CRISIL         5.6     Withdrawn
                                                           B/Stable
(Issuer Not Cooperating)
Latin Paper Industries LLP              CC                 CRISIL         40      Withdrawn
                                                           B/Stable
(Issuer Not Cooperating)
Latin Paper Industries LLP              TL                 CRISIL         74.4    Withdrawn
                                                           B/Stable
(Issuer Not Cooperating)
Leben Laboratories Pvt Ltd              Packing Credit     CRISIL         120     Reaffirmed
                                                           BBB-/Stable
Lilasons Alco Bev Pvt Ltd               CC                 CRISIL         170     Reaffirmed
                                                           B+/Stable
Lilasons Alco Bev Pvt Ltd               LT Loan            CRISIL         160     Reaffirmed
                                                           B+/Stable
Lucas Indian Service Ltd                NCD                CRISIL         250     Reaffirmed
                                                           AA/Stable
Lucas Indian Service Ltd                CC*                CRISIL         250     Reaffirmed
                                                           AA/Stable
* Interchangeable with working capital demand loan of up to Rs 3 crore
M. R. Education Trust                   CC                 CRISIL         20      Assigned
                                                           B/Stable
M. R. Education Trust                   TL                 CRISIL         105     Assigned
                                                           B/Stable
Mansukh Securities and Finance Ltd      Overdraft          CRISIL         128.5   Reaffirmed
                                                           BBB-/Stable
Matrix Therapeutics Pvt Ltd             Proposed LT Bk     CRISIL         6.5     Migrated from
                                        Loan Fac           BB/Stable              CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Matrix Therapeutics Pvt Ltd             CC                 CRISIL         50      Migrated from
                                                           BB/Stable              CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Modern Agro Mills                       CC                 CRISIL         90      Reaffirmed
                                                           BB-/Stable
N. Desai Papers Pvt Ltd                 WC Fac             CRISIL         120     Assigned
                                                           BB+/Stable
Navadiya Impex                          CC                 CRISIL         99      Reaffirmed
                                                           BB-/Stable
Navadiya Impex                          Proposed LT Bk     CRISIL         1       Reaffirmed
                                        Loan Fac           BB-/Stable
Neogen Chemicals Ltd                    CC                 CRISIL         1025    Reaffirmed
                                                           BBB+/Positive
(Outlook revised from Stable)
Neogen Chemicals Ltd                    Proposed WC Fac    CRISIL         250     Reaffirmed
                                                           BBB+/Positive
(Outlook revised from Stable)
Neogen Chemicals Ltd                    TL                 CRISIL         920     Reaffirmed
                                                           BBB+/Positive
(Outlook revised from Stable)
Numero Uno Clothing Ltd                 CC                 CRISIL         550     Downgraded
                                                           BBB-/Negative          from CRISIL
                                                                                  BBB/Negative
Panna Textile Industries Pvt Ltd        Proposed LT Bk     CRISIL         50      Reaffirmed
                                        Loan Fac           B+/Stable
Pataka Industries Pvt Ltd               CC                 CRISIL         300     Reaffirmed
                                                           A-/Stable
Pataka Industries Pvt Ltd               LT Loan            CRISIL         250     Reaffirmed
                                                           A-/Stable
Pragati Electrocom Pvt Ltd              CC                 CRISIL         100     Assigned
                                                           BB+/Stable
Pragati Electrocom Pvt Ltd              TL                 CRISIL         15      Assigned
                                                           BB+/Stable
Premier Carworld Pvt Ltd                CC                 CRISIL         375     Reaffirmed
                                                           BB-/Stable
Prince Academy Of Higher Education      Proposed Overdraft CRISIL         100     Reaffirmed
                                        Fac                BBB-/Stable
Progressive Infotech Pvt Ltd            CC                 CRISIL         34      Assigned
                                                           BBB-/Stable
Quantas Glass And Ceramic Pvt Ltd       CC                 CRISIL         55      Reaffirmed
                                                           BBB-/Stable
Quantas Glass And Ceramic Pvt Ltd       Proposed LT Bk     CRISIL         22.4    Reaffirmed
                                        Loan Fac           BBB-/Stable
Quantas Glass And Ceramic Pvt Ltd       TL                 CRISIL         5       Reaffirmed
                                                           BBB-/Stable
Rajdeep Publicity Pvt Ltd               CC                 CRISIL         30      Downgraded
                                                           B/Stable               from CRISIL
                                                                                  B+/Stable
Rajdeep Publicity Pvt Ltd               Rupee TL           CRISIL         67.5    Downgraded
                                                           B/Stable               from CRISIL
                                                                                  B+/Stable
Ramani Timber Mart                      CC                 CRISIL         20      Assigned
                                                           B+/Stable
Ranjitsingh Saluja                      CC                 CRISIL         45      Reaffirmed
                                                           BB-/Stable
Ranjitsingh Saluja                      Proposed LT Bk     CRISIL         8.4     Reaffirmed
                                        Loan Fac           BB-/Stable
Resinova Chemie Ltd                     CC                 CRISIL         100     Reaffirmed
                                                           A+/Positive
(Outlook revised from Stable)
Resinova Chemie Ltd                     TL                 CRISIL         68      Reaffirmed
                                                           A+/Positive
(Outlook revised from Stable)
Rex Polyextrusion Pvt Ltd               Bill Discounting   CRISIL         44.5    Withdrawn
                                                           A/Positive
Rex Polyextrusion Pvt Ltd               CC                 CRISIL         450     Withdrawn
                                                           A/Positive
Rex Polyextrusion Pvt Ltd               LT Loan            CRISIL         355.5   Withdrawn
                                                           A/Positive
Rishab Textiles                         CC                 CRISIL         59.5    Assigned
                                                           BB-/Stable
S P Iron Pvt Ltd                        Bill Discounting   CRISIL         50      Reaffirmed
                                                           B+/Stable
S P Iron Pvt Ltd                        CC                 CRISIL         100     Reaffirmed
                                                           B+/Stable
S. A. Plywood Industry Pvt Ltd          CC                 CRISIL D       135     Withdrawn
(Issuer Not Cooperating)
S. A. Plywood Industry Pvt Ltd          LT Loan            CRISIL D       21.6    Withdrawn
(Issuer Not Cooperating)
S. A. Plywood Industry Pvt Ltd          Proposed CC Limit  CRISIL D       15      Withdrawn
(Issuer Not Cooperating)
S. A. Plywood Industry Pvt Ltd          Proposed FB Bk     CRISIL D       15.9    Withdrawn
                                        Limits
(Issuer Not Cooperating)
S. A. Plywood Industry Pvt Ltd          Proposed NFBL      CRISIL D       2.5     Withdrawn
(Issuer Not Cooperating)
S. R. S. Park                           Proposed LT Bk     CRISIL         20.5    Assigned
                                        Loan Fac           BB/Stable
S. R. S. Park                           LT Loan            CRISIL         23      Assigned
                                                           BB/Stable
S. S. B. Engineers Pvt Ltd              CC                 CRISIL         75      Assigned
                                                           BB/Stable
S. S. B. Engineers Pvt Ltd              TL                 CRISIL         80      Assigned
                                                           BB/Stable
Sahyadri Farmers Producer Co. Ltd       Rupee TL           CRISIL         310     Upgraded from
                                                           BBB+/Stable            CRISIL
                                                                                  BBB/Positive
Sahyadri Farmers Producer Co. Ltd       WC Fac             CRISIL         20      Upgraded from
                                                           BBB+/Stable            CRISIL
                                                                                  BBB/Positive
Sanmaan Rice Mills                      CC                 CRISIL         130     Assigned
                                                           B-/Stable
Sanmaan Rice Mills                      TL                 CRISIL         60      Assigned
                                                           B-/Stable
Satyay Technocast Pvt Ltd               CC                 CRISIL         25      Migrated from
                                                           BB+/Stable             CRISIL BB+
                                                                                  /Stable
(Issuer Not Cooperating)
Satyay Technocast Pvt Ltd               LT Loan            CRISIL         20      Migrated from
                                                           BB+/Stable             CRISIL BB+
                                                                                  /Stable
(Issuer Not Cooperating)
Satyay Technocast Pvt Ltd               Proposed LT Bk     CRISIL         25      Migrated from
                                        Loan Fac           BB+/Stable             CRISIL BB+
                                                                                  /Stable
(Issuer Not Cooperating)
Shalimar Cold Storage                   LT Loan            CRISIL         100     Assigned
                                                           B/Stable
Shre International                      TL                 CRISIL         20.1    Assigned
                                                           BB-/Stable
Shre International                      CC                 CRISIL         62      Assigned
                                                           BB-/Stable
Shre International                      Proposed LT Bk     CRISIL         37.9    Assigned
                                        Loan Fac           BB-/Stable
Shree Kalka Fibers Pvt Ltd              CC                 CRISIL         80      Reaffirmed
                                                           BB-/Stable
Shree Kalka Fibers Pvt Ltd              Proposed LT Bk     CRISIL         15      Reaffirmed
                                        Loan Fac           BB-/Stable
Shree Krishna Timber Co Pvt Ltd         CC                 CRISIL         70      Downgraded
                                                           BB/Negative            from CRISIL
                                                                                  BBB-/Stable
Shree Shakti Ceramics - Mehsana         CC                 CRISIL BBB-    50      Reaffirmed
Shree Shakti Ceramics - Mehsana         Proposed LT Bk     CRISIL BBB-    10      Reaffirmed
                                        Loan Fac
Shree Venkateshwara Infrastructure Pvt  CC                 CRISIL         35      Reaffirmed
Ltd                                                        B+/Stable
Shreenath Ceramics Industries           CC                 CRISIL         170     Reaffirmed
                                                           BBB-/Stable
Shyam Metalics and Energy Ltd           CC                 CRISIL         2500
                                                           A/Positive
Shyam Metalics and Energy Ltd           Non-FBL            CRISIL         300
                                                           A/Positive
Shyam Metalics and Energy Ltd           Proposed LT Bk     CRISIL         111
                                        Loan Fac           A/Positive
Shyam Metalics and Energy Ltd           TL                 CRISIL         99
                                                           A/Positive
Shyam Metalics and Energy Ltd           TL*                CRISIL         99
                                                           A/Positive
* INR equivalent of USD 2.22 million 
Shyam Metalics and Energy Ltd           TL#                CRISIL         112.5
                                                           A/Positive
# INR equivalent of USD 2.500 million    
Shyam Sel and Power Ltd                 CC                 CRISIL         2500    Reaffirmed
                                                           A/Positive             and Withdrawn
Shyam Sel and Power Ltd                 Proposed WC Fac    CRISIL         2764.5  Reaffirmed
                                                           A/Positive             and Withdrawn
Shyam Sel and Power Ltd                 TL#                CRISIL         411.6   Reaffirmed
                                                           A/Positive             and Withdrawn
#INR equivalent of USD 8.40 million
Shyam Sel and Power Ltd                 TL*                CRISIL         321.6   Reaffirmed
                                                           A/Positive             and Withdrawn
*INR equivalent of USD 6.5625 million
Silvertoss Industries Pvt Ltd           CC                 CRISIL         257.5   Downgraded
                                                           BB/Negative            from CRISIL
                                                                                  BBB-/Stable
Siva Sankara Paper Mills                CC                 CRISIL         126.8   Assigned
                                                           BB-/Stable
Siva Sankara Paper Mills                TL                 CRISIL         11      Assigned
                                                           BB-/Stable
SkipperSeil Ltd                         LT Loan            CRISIL         100     Assigned;
                                                           BB/Stable              Susupension
                                                                                  Revoked
SkipperSeil Ltd                         Proposed LT Bk     CRISIL         43.6    Assigned;
                                        Loan Fac           BB/Stable              Susupension
                                                                                  Revoked
SkipperSeil Ltd                         CC                 CRISIL         225.6   Assigned;
                                                           BB/Stable              Susupension
                                                                                  Revoked
Sre Venkatachalapathy Textiles          Proposed LT Bk     CRISIL         55      Assigned
                                        Loan Fac           BB-/Stable
Sre Venkatachalapathy Textiles          CC                 CRISIL         40      Assigned
                                                           BB-/Stable
Sree Rani Sati Overseas Pvt Ltd         CC                 CRISIL         118     Migrated from
                                                           B+/Stable              CRISIL
                                                                                  B/Stable
(Issuer Not Cooperating)
Sri Dhanalaxmi Agro Industries          CC                 CRISIL         130     Assigned
                                                           B+/Stable
Sri Dhanalaxmi Agro Industries          TL                 CRISIL         16      Assigned
                                                           B+/Stable
Sri Swami Chitrath Rice Mills           CC                 CRISIL         260     Withdrawn
                                                           BB-/Stable
(Issuer Not Cooperating)
Sunil Garg and Co                       CC                 CRISIL         110     Migrated
                                                           BB-/Stable
(Issuer Not Cooperating)
Sunrise Glass Industries Pvt Ltd        CC                 CRISIL         210     Reaffirmed
                                                           BBB-/Stable
Sunrise Glass Industries Pvt Ltd        Proposed LT Bk     CRISIL         10      Reaffirmed
                                        Loan Fac           BBB-/Stable
Sunrise Glass Industries Pvt Ltd        TL                 CRISIL         120     Reaffirmed
                                                           BBB-/Stable
Sunrise Silichem Industries Pvt Ltd     CC                 CRISIL         150     Reaffirmed
                                                           BBB-/Stable
Sunrise Silichem Industries Pvt Ltd     TL                 CRISIL         320     Reaffirmed
                                                           BBB-/Stable
Superking Glass and Ceramic Pvt Ltd     CC                 CRISIL         50      Reaffirmed
                                                           BBB-/Stable
Superking Glass and Ceramic Pvt Ltd     TL                 CRISIL         40      Reaffirmed
                                                           BBB-/Stable
Susheel Engineers                       Overdraft          CRISIL D       65      Assigned
Symbiosis Properties And                Proposed LT Bk     CRISIL         500     Assigned
Infrastructures India Pvt Ltd           Loan Fac           B+/Stable
The Incoda                              CC                 CRISIL         80      Assigned
                                                           BB+/Stable
The Incoda                              LT Loan            CRISIL         45      Assigned
                                                           BB+/Stable
The Incoda                              Proposed LT Bk     CRISIL         5       Assigned
                                        Loan Fac           BB+/Stable
TRG Industries Pvt Ltd                  Secured Overdraft  CRISIL         60      Reaffirmed
                                        Fac                BB/Stable
Ujwal Enterprises (India) Pvt Ltd       CC                 CRISIL         60      Migrated from
                                                           BB+/Stable             CRISIL BB+
                                                                                  /Stable
(Issuer Not Cooperating)
Ujwal Enterprises (India) Pvt Ltd       TL                 CRISIL         50      Migrated from
                                                           BB+/Stable             CRISIL BB+
                                                                                  /Stable
(Issuer Not Cooperating)
Uppal-Chadha Hi-Tech Developers Pvt Ltd Corporate Loan     CRISIL BBB-    1500
(Continues on Rating Watch with Negative Implications)
Uppal-Chadha Hi-Tech Developers Pvt Ltd Drop Line          CRISIL BBB-    450
                                        Overdraft Fac
(Continues on Rating Watch with Negative Implications)
Uppal-Chadha Hi-Tech Developers Pvt Ltd Proposed LT Bk     CRISIL BBB-    1450
                                        Loan Fac
(Continues on Rating Watch with Negative Implications)
Uppal-Chadha Hi-Tech Developers Pvt Ltd TL                 CRISIL BBB-    3600
(Continues on Rating Watch with Negative Implications)
Vamona Developers Pvt Ltd               Lease Rental       CRISIL         6500    Upgraded from
                                        Discounting Loan*  A/Stable               CRISIL
                                                                                  A-/Stable
*Includes sublimit of overdraft facility of Rs 165 crore
Vega Aviation Products Pvt Ltd          CC                 CRISIL         15      Assigned
                                                           BB+/Stable
Vega Aviation Products Pvt Ltd          Proposed LT Bk     CRISIL         85      Assigned
                                        Loan Fac           BB+/Stable
Victor Forgings                         LT Loan            CRISIL         5       Upgraded from
                                                           BB+/Stable             CRISIL
                                                                                  BB/Stable
Victor Forgings                         TL                 CRISIL         40      Upgraded from
                                                           BB+/Stable             CRISIL
                                                                                  BB/Stable
VNR Seeds Pvt Ltd                       CC                 CRISIL         750     Reaffirmed
                                                           BBB+/Stable
VNR Seeds Pvt Ltd                       Proposed LT Bk     CRISIL         31.4    Reaffirmed
                                        Loan Fac           BBB+/Stable
VNR Seeds Pvt Ltd                       TL                 CRISIL         68.6    Reaffirmed
                                                           BBB+/Stable
Wahid Sandhar Sugars Ltd                CC                 CRISIL         400     Migrated from
                                                           BB/Stable              CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Wahid Sandhar Sugars Ltd                Proposed FB Bk     CRISIL         17.4    Migrated from
                                        Limits             BB/Stable              CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Wahid Sandhar Sugars Ltd                TL                 CRISIL         532.6   Migrated from
                                                           BB/Stable              CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Wave Industries Pvt Ltd                 CC                 CRISIL BB      2750
Continues on Rating Watch with Negative Implications
Wave Industries Pvt Ltd                 Proposed CC Limit  CRISIL BB      250
Continues on Rating Watch with Negative Implications
Wave Industries Pvt Ltd                 Proposed TL        CRISIL BB      1200
Continues on Rating Watch with Negative Implications
Wave Industries Pvt Ltd                 TL                 CRISIL BB      300
(Continues on Rating Watch with Negative Implications)
Wave One Pvt Ltd                        Rupee TL           CRISIL BB+     2750
(Continues on Rating Watch with Negative Implications)
Welsuit Glass and Ceramics Pvt Ltd      CC                 CRISIL         300     Reaffirmed
                                                           BBB-/Stable
Welsuit Glass and Ceramics Pvt Ltd      Proposed LT Bk     CRISIL         26.7    Reaffirmed
                                        Loan Fac           BBB-/Stable
Yokogawa India Ltd                      CC                 CRISIL         100     Reaffirmed
                                                           AA-/Stable
Yug Infrastructures Pvt Ltd             CC                 CRISIL         20      Downgraded
                                                           B-/Stable              from CRISIL
                                                                                  B+
                                                                                 /Stable
Yug Infrastructures Pvt Ltd             Proposed LT Bk     CRISIL         30      Downgraded
                                        Loan Fac           B-/Stable              from CRISIL
                                                                                  B+/Stable
Zip Industries Ltd                      CC                 CRISIL         75      Assigned;
                                                           BB/Stable              Suspension
                                                                                  Revoked
Zirconia Cera Tech Glazes               CC                 CRISIL         70      Reaffirmed
                                                           BBB-/Stable
--------------------------------------------------------------------------------------------
$: 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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