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CRISIL ratings for Indian debt instruments-Nov 4

   Nov 4 - Below are the ratings awarded by Credit Rating Information Service of India (CRISIL)
for local debt instruments as of November 3, 2020.


COMPANY                                INSTRUMENT        RATING        AMOUNT MOVEMENT
                                                                      (RS.MLN)
------                                 ----------        ------        -----  ---------
SHORT TERM RATINGS:
-------------------
A.P.I. Civilcon Pvt Ltd                BG                CRISIL A3     1250   Reaffirmed
Hariomkar Food Products Pvt Ltd        LOC               CRISIL A1+    30     Reaffirmed
Himalayan Infracorp Pvt Ltd            BG                CRISIL A3     95     Assigned
K.P. Abraham                           BG                CRISIL A4     20     Reaffirmed
Khanna Hotels Pvt Ltd                  BG                CRISIL A3+    3      -
(Downgraded from 'CRISIL A2')
Mahua Bharatpur Expressways Ltd        CDs Programme     CRISIL A1+    375000 Withdrawn
Pacifica (India) Projects Pvt Ltd      Proposed BG       CRISIL A4     174.7  Assigned
Pandian Textile Mills Pvt Ltd          BG                CRISIL A2     2      Reaffirmed
Prakash Ferrous Industries Pvt Ltd     BG                CRISIL A3+    10     -
(Migrated from 'CRISIL A4+ ISSUER NOT COOPERATING')
Prakash Ferrous Industries Pvt Ltd     Import LOC Limit  CRISIL A3+    36     -
(Migrated from 'CRISIL A4+ ISSUER NOT COOPERATING')
Prakash Ferrous Industries Pvt Ltd     LOC               CRISIL A3+    274    -
(Migrated from 'CRISIL A4+ ISSUER NOT COOPERATING')
Prasad and Company (Project Works) Ltd BG*               CRISIL A4     2100   Reaffirmed
(*Includes Rs 30 crore interchangeable with letter of credit)
Prasad and Company (Project Works) Ltd BG                CRISIL A4     1237.6 Reaffirmed
Sakthi Steel Industries Ltd            LOC               CRISIL A4+    200    Reaffirmed
(Migrated from 'CRISIL A4+ ISSUER NOT COOPERATING')
SAMKRG Pistons and Rings Ltd           BG                CRISIL A2+    0.5    Reaffirmed
SAMKRG Pistons and Rings Ltd           LOC               CRISIL A2+    60     Reaffirmed
State Bank of India                    CP                CRISIL A1+    15000  Reaffirmed
(Enhanced from Rs.1000 Crore)
TKV Marketing India Pvt Ltd            Post Shipment     CRISIL A4+    92.5   Reaffirmed
                                       Credit
 

MEDIUM TERM RATINGS:
-------------------
State Bank of India                    FD Programme      FAAA/Stable   -      Reaffirmed

 
LONG TERM RATINGS:
-------------------
TSA Process Equipments Pvt Ltd         BG                CRISIL A3     67     Reaffirmed
(Continues on 'Rating Watch with Developing Implications')
A. K. Enterprises - Biharsharif        CC                CRISIL        50     Reaffirmed
                                                         BB-/Stable
A.P.I. Civilcon Pvt Ltd                CC                CRISIL        200    Reaffirmed
                                                         BBB-/Stable
Accurate Weldarc Pvt Ltd               WC TL             CRISIL        11     Assigned
                                                         BB-/Stable
Accurate Weldarc Pvt Ltd               CC                CRISIL        77.5   Assigned
                                                         BB-/Stable
Accurate Weldarc Pvt Ltd               LT Loan           CRISIL BBB-   20     Assigned
(Continues on 'Rating Watch with Developing Implications')
Gangwal Chemicals Pvt Ltd              TL                CRISIL        11.5   Assigned
                                                         BB-/Stable
Gangwal Chemicals Pvt Ltd              CC                CRISIL        70     -
                                                         BBB/Stable
(Upgraded from 'CRISIL BBB-/Stable')
Godrej Industries Ltd                  NCD               CRISIL        15000  Reaffirmed
                                                         AA/Stable
Godrej Industries Ltd                  Proposed TL       CRISIL        55     Reaffirmed
                                                         BB-/Stable
(Migrated from 'CRISIL BB-/Stable; ISSUER NOT COOPERATING')
Haldiram Foods International Pvt Ltd   CC                CRISIL        400    Reaffirmed
                                                         AA+/Stable
Haldiram Foods International Pvt Ltd   Proposed FB Bk    CRISIL        8.5    Assigned
                                       Limits            B+/Stable
Hariomkar Food Products Pvt Ltd        CC                CRISIL AA     100    Reaffirmed
(Placed on 'Rating Watch with Positive Implications')
Himalayan Infracorp Pvt Ltd            TL                CRISIL        351.1  -
                                                         BBB/Stable
(Migrated from 'CRISIL BB+/Stable; ISSUER NOT COOPERATING')
Himalayan Infracorp Pvt Ltd            CC                CRISIL        85     Assigned
                                                         BBB-/Stable
Indo Baijin Chemicals Pvt Ltd          External          CRISIL        140    Reaffirmed
                                       Commercial        A/Stable 
                                       Borrowings
Indo Baijin Chemicals Pvt Ltd          LT Loan           CRISIL        890    Reaffirmed
                                                         A/Stable 
Indo Baijin Chemicals Pvt Ltd          Proposed WC Fac   CRISIL        440    Reaffirmed
                                                         A/Stable 
Indo Baijin Chemicals Pvt Ltd          WC Fac            CRISIL        290    -
                                                         BBB/Stable
(Upgraded from 'CRISIL BBB-/Stable')
Inland Power Ltd                       Rating Advisory   -             -      -
(CRISIL vide its publication dated October 31, 2020 highlighted the aspect of non-co-operation
by Inland Power Limited.)
K.P. Abraham                           CC                CRISIL        40     Reaffirmed
                                                         B+/Stable
Khanna Hotels Pvt Ltd                  Standby Line of   CRISIL        33     Assigned
                                       Credit            A-/Stable
Khanna Hotels Pvt Ltd                  CC                CRISIL        60     -
                                                         BBB/Negative
(Downgraded from 'CRISIL BBB+/Negative')
Mahua Bharatpur Expressways Ltd        NCD               CRISIL        1750   Reaffirmed
                                                         AAA/Stable
Mahua Bharatpur Expressways Ltd        NCD               CRISIL        78     Withdrawn
                                                         AAA/Stable
Mahua Bharatpur Expressways Ltd        NCD               CRISIL        92     Withdrawn
                                                         AAA/Stable
Pacifica (India) Projects Pvt Ltd      Drop Line         CRISIL        500    Reaffirmed
                                       Overdraft Fac     BBB+/Stable
Pandian Textile Mills Pvt Ltd          WC Loan           CRISIL        680    Reaffirmed
                                                         A/Stable 
Pandian Textile Mills Pvt Ltd          CC                CRISIL        260    Reaffirmed
                                                         BBB+/Stable
Prakash Ferrous Industries Pvt Ltd     TL                CRISIL AA     530    Reaffirmed
(Placed on 'Rating Watch with Positive Implications')
Prakash Ferrous Industries Pvt Ltd     CC                CRISIL        800    -
                                                         BBB/Stable
(Migrated from 'CRISIL BB+/Stable; ISSUER NOT COOPERATING')
Prakash Ferrous Industries Pvt Ltd     Proposed WC Fac   CRISIL        128.9  -
                                                         BBB/Stable
(Migrated from 'CRISIL BB+/Stable; ISSUER NOT COOPERATING')
Prasad and Company (Project Works) Ltd CC                CRISIL        599.4  -
                                                         B/Stable
(Upgraded from 'CRISIL C')
Prasad and Company (Project Works) Ltd CC#               CRISIL        33     -
                                                         B/Stable
(Upgraded from 'CRISIL C'. 
#Additional working capital line on account of Covid-19)
Prasad and Company (Project Works) Ltd Funded Interest TL CRISIL       44.4   -
                                                         B/Stable
(Upgraded from 'CRISIL C')
Prasad and Company (Project Works) Ltd LT Loan           CRISIL        133    Reaffirmed
                                                         BBB+/Stable
R.D. Brothers                          CC                CRISIL        130    Reaffirmed
                                                         BB/Stable
R.D. Brothers                          LT Loan           CRISIL        20     Reaffirmed
                                                         BB/Stable
Sakthi Steel Industries Ltd            Proposed WC Fac   CRISIL        30.2   Reaffirmed
                                                         BB/Stable
Sakthi Steel Industries Ltd            CC                CRISIL        110    Reaffirmed
                                                         BB-/Stable
(Migrated from 'CRISIL BB-/Stable; ISSUER NOT COOPERATING')
SAMKRG Pistons and Rings Ltd           CC                CRISIL        160    Reaffirmed
                                                         A-/Stable
SAMKRG Pistons and Rings Ltd           Proposed FB Bk    CRISIL        15     Reaffirmed
                                       Limits            BB/Stable
Shanti Devi Charitable Trust (Regd.)   BG                CRISIL D      135    -
Shanti Devi Charitable Trust (Regd.)   CC                CRISIL D      32     -
Shanti Devi Charitable Trust (Regd.)   TL                CRISIL D      950    -
Sri Manmaya Textiles Pvt Ltd           CC                CRISIL        25     Reaffirmed
                                                         BB/Stable
Sri Manmaya Textiles Pvt Ltd           Loan Against      CRISIL        15.8   Reaffirmed
                                       Property          BB/Stable
Sri Manmaya Textiles Pvt Ltd           TL                CRISIL        463.9  -
                                                         BBB/Negative
(Downgraded from 'CRISIL BBB+/Negative')
State Bank of India                    Tier-I Bond (Under CRISIL       50000  Assigned
                                       Basel III)        AA+/Stable
State Bank of India                    Tier-I Bond       CRISIL        281000 Reaffirmed
                                       (Under Basel III) AA+/Stable
State Bank of India                    Tier II Bonds     CRISIL        50000  Reaffirmed
                                       (Under Basel III) AAA/Stable
State Bank of India                    Tier II Bonds     CRISIL        326100 Reaffirmed
                                       (Under Basel III) AAA/Stable
State Bank of India                    Lower Tier-II     CRISIL      61328.38 Reaffirmed
                                       Bonds (Under Basel AAA/Stable
                                       II)  
State Bank of India                    Tier-I Perpetual  CRISIL        2000   Reaffirmed
                                       Bonds (Under      AAA/Stable
                                       Basel II)  
State Bank of India                    Upper Tier-II     CRISIL        5000   Reaffirmed
                                       Bonds (Under Basel AAA/Stable
                                       II)  
SVS Pipe Industries                    TL                CRISIL        40     Assigned
                                                         B+/Stable
SVS Pipe Industries                    CC                CRISIL        21.5   Assigned
                                                         B+/Stable
SVS Pipe Industries                    Rupee TL          CRISIL        700    Reaffirmed
                                                         BBB+/Stable
TKV Marketing India Pvt Ltd            Credit Limit Under CRISIL       17.5   Reaffirmed
                                       Gold Card         BB/Stable
TKV Marketing India Pvt Ltd            Proposed LT Bk    CRISIL        195    Assigned
                                       Loan Fac          BBB-/Stable
TSA Process Equipments Pvt Ltd         CC                CRISIL BBB-   80     Reaffirmed
(Continues on 'Rating Watch with Developing Implications')
TSA Process Equipments Pvt Ltd         Proposed LT Bk    CRISIL BBB-   13     Assigned
                                       Loan Fac
(Continues on 'Rating Watch with Developing Implications')
--------------------------------------------------------------------------------------------
$: 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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