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CRISIL ratings for Indian debt instruments-Nov 3

  Nov 3 - Below are the ratings awarded by Credit Rating Information Service of India (CRISIL)
for local debt instruments as of November 2, 2020.


COMPANY                                INSTRUMENT        RATING        AMOUNT MOVEMENT
                                                                      (RS.MLN)
------                                 ----------        ------        -----  ---------
SHORT TERM RATINGS:
-------------------
Aquanomics Systems Ltd                 LOC               CRISIL A3+    70     Reaffirmed
Cerebra Integrated Technologies Ltd    Import LOC Limit  CRISIL A4+    20     Assigned
Cerebra Integrated Technologies Ltd    BG                CRISIL A4+    30     Assigned
Coal India Ltd                         Foreign Exchange  CRISIL A1+    100    Reaffirmed
                                       Forward
Coal India Ltd                         LOC & BG^         CRISIL A1+    50750  Reaffirmed
(^ Out of this, Rs 4,790 crore is outside the consortium non-fund-based limits)
Coal India Ltd                         ST Debt           CRISIL A1+    1500   Reaffirmed
Cotton Buds Inc                        Packing Credit    CRISIL A4     45     Reaffirmed
G.D. Foods Manufacturing (India) Pvt Ltd BG              CRISIL A3     5      Reaffirmed
G.D. Foods Manufacturing (India) Pvt Ltd LOC             CRISIL A3     40     Reaffirmed
Galaxy Surfactants Ltd                 Factoring/        CRISIL A1+    850    Reaffirmed
                                       Forfaiting
Galaxy Surfactants Ltd                 LOC & BG          CRISIL A1+    2704   Reaffirmed
Goodwill Fabrics Pvt Ltd               Packing Credit    CRISIL A3     280    -
(Migrated from 'CRISIL A4+ ISSUER NOT COOPERATING)
Palathra Constructions Pvt Ltd         BG                CRISIL A4+    50     Reaffirmed
Palathra Constructions Pvt Ltd         ST Bk Fac         CRISIL A4+    100    Reaffirmed
Sai Indo Metal Resources Pvt Ltd       LOC               CRISIL A4     20     Reaffirmed
(Migrated from 'CRISIL A4 ISSUER NOT COOPERATING)
Sai Indo Metal Resources Pvt Ltd       Packing Credit in CRISIL A4     20     Reaffirmed
                                       Foreign Currency
(Migrated from 'CRISIL A4 ISSUER NOT COOPERATING)
Toyota Financial Services India Ltd    CP                CRISIL A1+    18000  Reaffirmed
Uflex Ltd                              LOC               CRISIL A1     100    -
(Removed from 'Rating Watch with Developing implications'; Rating Reaffirmed)
 


LONG TERM RATINGS:
-------------------
Aquanomics Systems Ltd                 CC                CRISIL        40     Reaffirmed
                                                         BBB/Stable
Arvind Cotsyn India Ltd                CC                CRISIL        140    Reaffirmed
                                                         BBB/Stable 
Arvind Cotsyn India Ltd                Proposed LT Bk    CRISIL        90     Reaffirmed
                                       Loan Fac          BBB/Stable 
Cerebra Integrated Technologies Ltd    Proposed FB Bk    CRISIL        220    Assigned
                                       Limits            BB+/Stable
Cerebra Integrated Technologies Ltd    CC                CRISIL        80     Assigned
                                                         BB+/Stable
Coal India Ltd                         Corporate Credit  CCR AAA/Stable  -    Reaffirmed
                                       Rating 
Coal India Ltd                         CC & WC demand loan CRISIL      1400   Reaffirmed
                                                         AAA/Stable
Coal India Ltd                         Proposed LT Bk    CRISIL        2150   Reaffirmed
                                       Loan Fac          AAA/Stable
Coal India Ltd                         Proposed WC Fac   CRISIL        41100  Assigned
                                                         AAA/Stable
Cotton Buds Inc                        LT Loan           CRISIL        7.5    -
                                                         B+/Stable
(Migrated from 'CRISIL B+/Stable ISSUER NOT COOPERATING)
Cotton Buds Inc                        Proposed LT Bk    CRISIL        47.5   Reaffirmed
                                       Loan Fac          B+/Stable
(Migrated from 'CRISIL B+/Stable ISSUER NOT COOPERATING)
G.D. Foods Manufacturing (India) Pvt Ltd CC              CRISIL        415    Reaffirmed
                                                         BBB-/Stable
G.D. Foods Manufacturing (India) Pvt Ltd Proposed LT Bk  CRISIL        102.4  Reaffirmed
                                       Loan Fac          BBB-/Stable
G.D. Foods Manufacturing (India) Pvt Ltd Rupee TL        CRISIL        162.1  Reaffirmed
                                                         BBB-/Stable
G.D. Foods Manufacturing (India) Pvt Ltd WC TL           CRISIL        105.5  Reaffirmed
                                                         BBB-/Stable
Galaxy Surfactants Ltd                 CC                CRISIL        2650   Reaffirmed
                                                         AA-/Stable
Galaxy Surfactants Ltd                 Proposed LT Bk    CRISIL        1953.9 Reaffirmed
                                       Loan Fac          AA-/Stable
Galaxy Surfactants Ltd                 TL                CRISIL        905.4  Reaffirmed
                                                         AA-/Stable
Goodwill Fabrics Pvt Ltd               TL                CRISIL        20     -
                                                         BBB-/Stable
(Migrated from 'CRISIL BB+/Stable; ISSUER NOT COOPERATING)
Khandesh College Education Society     CC                CRISIL        4      Reaffirmed
                                                         BBB-/Stable
Khandesh College Education Society     TL                CRISIL        60.1   Reaffirmed
                                                         BBB-/Stable
Palathra Constructions Pvt Ltd         CC                CRISIL        500    Reaffirmed
                                                         BB-/Stable
Sai Indo Metal Resources Pvt Ltd       Packing Credit    CRISIL        80     Reaffirmed
                                       (pre-shipment     B/Stable
                                       credit)
(Migrated from 'CRISIL B/Stable; ISSUER NOT COOPERATING)
Sai Kalyan Builders And Developers Pvt Proposed TL       CRISIL        130    Reaffirmed
Ltd                                                      B+/Stable
(Migrated from 'CRISIL B+/Stable; ISSUER NOT COOPERATING)
Sai Kalyan Builders And Developers Pvt TL                CRISIL        420    Assigned
Ltd                                                      B+/Stable
(Migrated from 'CRISIL B+/Stable; ISSUER NOT COOPERATING)

Toyota Financial Services India Ltd    CC & WC demand loan CRISIL      1000   Reaffirmed
                                                         AAA/Stable
Toyota Financial Services India Ltd    WC Loan           CRISIL        7700   Reaffirmed
                                                         AAA/Stable
Toyota Financial Services India Ltd    NCD               CRISIL        2500   Assigned
                                                         AAA/Stable
Toyota Financial Services India Ltd    NCD               CRISIL        5500   Reaffirmed
                                                         AAA/Stable
(Reduced from Rs.970 Crore)
Uflex Ltd                              Proposed FB Bk    -             2200   Withdrawn
                                       Limits
Uflex Ltd                              FB Fac            CRISIL        4000   -
                                                         A/Stable 
(Removed from 'Rating Watch with Developing implications'; Rating Reaffirmed)
Uflex Ltd                              LT Loan           CRISIL        8783.8 Reaffirmed
                                                         A/Stable 
(Removed from 'Rating Watch with Developing implications'; Rating Reaffirmed)
Uflex Ltd                              Non-FBL           CRISIL        3750   Reaffirmed
                                                         A/Stable 
(Removed from 'Rating Watch with Developing implications'; Rating Reaffirmed)
Uflex Ltd                              Proposed FB Bk    CRISIL        2928.4 Assigned
                                       Limits            A/Stable 
(Removed from 'Rating Watch with Developing implications'; Rating Reaffirmed)
Uflex Ltd                              WC Demand Loan    CRISIL        237.8  Assigned
                                                         A/Stable 
(Removed from 'Rating Watch with Developing implications'; Rating Reaffirmed)
Vasavi Thanga Maaligai                 CC                CRISIL        70     Reaffirmed
                                                         B/Stable
(Migrated from 'CRISIL 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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