October 22, 2019 / 8:54 AM / a month ago

CRISIL ratings for Indian debt instruments-Oct 22

    Oct 22 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of October 18&19, 2019.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Anand Engineering Products Pvt Ltd      BG                 CRISIL A4+     5       Reaffirmed
Annai Infra Developers Ltd              BG                 CRISIL A4+     1560    Downgraded
                                                                                  from CRISIL
                                                                                  A3+
(Placed on Rating Watch with Negative Implications)
Annai Infra Developers Ltd              LOC                CRISIL A4+     100     Downgraded
                                                                                  from CRISIL
                                                                                  A3+
(Placed on Rating Watch with Negative Implications)
Brijbasi Fire Safety Systems Pvt Ltd    BG                 CRISIL A4+     40      Reaffirmed
Castings India Pvt Ltd                  Proposed ST Bk     CRISIL A4+     2       Assigned
                                        Loan Fac
Ceeje Builders                          BG                 CRISIL A4+     53      Assigned
Compact Builders And Developers Pvt Ltd Proposed BG        CRISIL A4      67      Assigned
Compact Builders And Developers Pvt Ltd BG                 CRISIL A4      13      Assigned
Cosmo Ferrites Ltd                      BG                 CRISIL A4      15      Reaffirmed
Reaffirmed
Cosmo Ferrites Ltd                      LOC                CRISIL A4      100     Reaffirmed
Reaffirmed
Dara Engineering & Infrastructures Pvt  BG                 CRISIL A3      1030    Reaffirmed
Ltd
Dharam Stainless Steel Pvt Ltd          BG                 CRISIL A4+     3       -
(Issuer Not Cooperating)
Dharam Stainless Steel Pvt Ltd          Inland/Import LOC^ CRISIL A4+     5       -
^ Interchangeable with Packing Credit, Cash Credit and Foreign Bill Purchase to extent of Rs 8
crore / (Issuer Not Cooperating)
Dharam Stainless Steel Pvt Ltd          Packing Credit**   CRISIL A4+     35      -
** Interchangeable with Cash Credit, Foreign Bill Purchase and Inland/Import Letter of Credit to
extent of Rs 6 crore / (Issuer Not Cooperating)
Excel Cashew Traders                    Proposed ST Bk     CRISIL A4+     50      Reaffirmed
                                        Loan Fac
G V G Paper Mills Pvt Ltd               Bill Purchase -    CRISIL A1      40      Reaffirmed
                                        Discounting Fac
G V G Paper Mills Pvt Ltd               LOC                CRISIL A1      100     Reaffirmed
Hero Future Energies Pvt Ltd            LOC & BG@          CRISIL A1+     10000   Reaffirmed
@Interchangeable with fund based limits of up to Rs 200 crore
Hero Future Energies Pvt Ltd            LOC & BG           CRISIL A1+     2350    Reaffirmed
Hero Future Energies Pvt Ltd            Proposed LOC & BG  CRISIL A1+     2150    Reaffirmed
Hero Future Energies Pvt Ltd            Overdraft          CRISIL A1+     20      Assigned
Hero Future Energies Pvt Ltd            CP                 CRISIL A1+     6000    Reaffirmed
Horizon Microtech Pvt Ltd               BG                 CRISIL A4+     150     Reaffirmed
Keshav Overseas                         BG                 CRISIL A4+     1.2     Assigned
King Security Guards Services Pvt Ltd   BG                 CRISIL A4+     28      Assigned
KKR India Asset Finance Ltd             CP                 CRISIL A1+     5000    Reaffirmed
M.G.Brothers Automobiles Pvt Ltd        BG                 CRISIL A4      95      Reaffirmed
Motherson Molds and Diecasting Ltd      BG                 CRISIL A1+     100     Reaffirmed
Reaffirmed
Motherson Molds and Diecasting Ltd      Foreign Exchange   CRISIL A1+     2.5     Reaffirmed
                                        Forward
Reaffirmed
Motherson Molds and Diecasting Ltd      LOC                CRISIL A1+     20      Reaffirmed
Reaffirmed
Pioneer NF Forgings India Pvt Ltd       BG                 CRISIL A4+     0.5     Upgraded from
                                                                                  CRISIL A4
Ransan Packaging Pvt Ltd                LOC                CRISIL A4      25      Reaffirmed
Shivshakti Construction Company         BG                 CRISIL A4+     19      Migrated from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Shivshakti Construction Company         Overdraft          CRISIL A4+     29.4    Migrated from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Shri Bholanath Industries Ltd           LOC                CRISIL A4      80      Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Shri Bholanath Industries Ltd           Packing Credit in  CRISIL A4      50      Revised from
                                        Foreign Currency                          CRISIL A4+
(Issuer Not Cooperating)
SLC Projects Pvt Ltd                    BG                 CRISIL A4      120     -
(Issuer Not Cooperating)
Subha-Soumya Cold Storage Pvt Ltd       BG                 CRISIL A4      1.5     Reaffirmed
Super Hi-Tech Engineers and Contractors BG                 CRISIL A4+     65      -
(Issuer Not Cooperating)
Tirupati Microtech Pvt Ltd              LOC Bill           CRISIL A4+     20      Migrated from
                                        Discounting                               CRISIL A3+
(Issuer Not Cooperating)
Unilec Engineers Ltd                    BG                 CRISIL A4+     121.3   -
(Issuer Not Cooperating)



LONG TERM RATINGS:
-------------------
Anand Engineering Products Pvt Ltd      CC                 CRISIL BB+     153.3   Upgraded from
                                                                                  CRISIL
                                                                                  BB/Stable
Anand Engineering Products Pvt Ltd      LT Loan            CRISIL BB+     122.5   Upgraded from
                                                                                  CRISIL
                                                                                  BB/Stable
Anand Engineering Products Pvt Ltd      Proposed CC Limit  CRISIL BB+     24.2    Upgraded from
                                                                                  CRISIL
                                                                                  BB/Stable
Annai Infra Developers Ltd              CC                 CRISIL BB      500     Downgraded
                                                                                  from CRISIL
                                                                                  BBB/Stable
(Placed on Rating Watch with Negative Implications)
Annai Infra Developers Ltd              Overdraft          CRISIL BB      140     Downgraded
                                                                                  from CRISIL
                                                                                  BBB/Stable
(Placed on Rating Watch with Negative Implications)
Apco Automobiles Pvt Ltd                CC                 CRISIL B-      40      Downgraded
                                                                                  from CRISIL
                                                                                  B/Stable
Apco Automobiles Pvt Ltd                Inventory Funding  CRISIL B-      210     Downgraded
                                        Fac                                       from CRISIL
                                                                                  B/Stable
Biloree Cast India Pvt Ltd              Ratings            -              -       -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review)
Brijbasi Fire Safety Systems Pvt Ltd    CC                 CRISIL BB      40      Reaffirmed
Castings India Pvt Ltd                  CC                 CRISIL BB-     100     Assigned
Castings India Pvt Ltd                  LT Loan            CRISIL BB-     10.5    Assigned
Ceeje Builders                          TL                 CRISIL BB-     195     Reaffirmed
Clean Solar Power (Bellary) Pvt Ltd     LT Loan            CRISIL A+      970     Reaffirmed
Clean Solar Power (Bhadla) Pvt Ltd      LT Loan            CRISIL A+      13300   Reaffirmed
Clean Solar Power (Gulbarga) Pvt Ltd    LT Loan*           CRISIL A+      10630   Reaffirmed
*Interchangeable with Letter of Comfort upto Rs.950 Cr
Clean Wind Power (Bableshwar) Pvt Ltd   LT Loan            CRISIL A+      1725    Reaffirmed
Clean Wind Power (Bableshwar) Pvt Ltd   WC Fac             CRISIL A+      100     Reaffirmed
Compact Builders And Developers Pvt Ltd Proposed CC Limit  CRISIL B+      58      Assigned
Compact Builders And Developers Pvt Ltd CC                 CRISIL B+      12      Assigned
Cosmo Ferrites Ltd                      Bill Discounting   CRISIL B-      20      Downgraded
                                                                                  from CRISIL
                                                                                  B/Stable
Cosmo Ferrites Ltd                      CC                 CRISIL B-      120     Downgraded
                                                                                  from CRISIL
                                                                                  B/Stable
Cosmo Ferrites Ltd                      Export Packing     CRISIL B-      50      Downgraded
                                        Credit                                    from CRISIL
                                                                                  B/Stable
Cosmo Ferrites Ltd                      Proposed LT Bk     CRISIL B-      42.6    Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  B/Stable
Cosmo Ferrites Ltd                      Standby Line of    CRISIL B-      20      Downgraded
                                        Credit                                    from CRISIL
                                                                                  B/Stable
Cosmo Ferrites Ltd                      TL                 CRISIL B-      132.4   Downgraded
                                                                                  from CRISIL
                                                                                  B/Stable
Dara Engineering & Infrastructures Pvt  CC                 CRISIL BBB-    100     Reaffirmed
Ltd
(Outlook revised from Stable and rating reaffirmed)
Dara Engineering & Infrastructures Pvt  Proposed FB Bk     CRISIL BBB-    70      Reaffirmed
Ltd                                     Limits
(Outlook revised from Stable and rating reaffirmed)
Dewan Housing Finance Corporation Ltd - Series A1 PTCs     CRISIL B+      2850.1  Downgraded
Nirmaan RMBS Trust - Series V - 2014                       (SO)/Watch             from CRISIL
                                                           Negative               BB+ (SO)
(Continues on rating watch with negative implications)
Dewan Housing Finance Corporation Ltd - Series A2 PTCs     CRISIL B+      118.8   Downgraded
Nirmaan RMBS Trust - Series V - 2014                       (SO)/Watch             from CRISIL
                                                           Negative               BB+ (SO)
(Continues on rating watch with negative implications)
Dewan Housing Finance Corporation Ltd - Series A1 PTCs     CRISIL B+      2850.1  Downgraded
Nirmaan RMBS Trust - Series V - 2014                       (SO)/Watch             from CRISIL
                                                           Negative               BB+ (SO)
(Continues on rating watch with negative implications)
Dewan Housing Finance Corporation Ltd - Series A2 PTCs     CRISIL B+      118.8   Downgraded
Nirmaan RMBS Trust - Series V - 2014                       (SO)/Watch             from CRISIL
                                                           Negative               BB+ (SO)
(Continues on rating watch with negative implications)
Dharam Stainless Steel Pvt Ltd          CC#                CRISIL BB-     15      -
# Interchangeable with Packing Credit, Foreign Bill Purchase and Inland/Import Letter of Credit
to extent of Rs 7 crore/(Issuer Not Cooperating)
Dharam Stainless Steel Pvt Ltd          Foreign Bill       CRISIL BB-     25      -
                                        Purchase@
@ Interchangeable with Packing Credit, Cash Credit and Inland/Import Letter of Credit to extent
of Rs 6 crore / (Issuer Not Cooperating)
Dharam Stainless Steel Pvt Ltd          Proposed LT Bk     CRISIL BB-     1.6     -
                                        Loan Fac
(Issuer Not Cooperating)
Dharam Stainless Steel Pvt Ltd          TL                 CRISIL BB-     20.4    -
(Issuer Not Cooperating)
DSP Investment Managers Pvt Ltd         DSP Low Duration   CRISIL AAAmfs  -       Upgraded from
                                        Fund                                      CRISIL A+mfs
(Removed from Rating Watch with Positive Implications)
DSP Investment Managers Pvt Ltd         DSP Low Duration   CRISIL AAAmfs  -       -
                                        Fund
(Upgraded from CRISIL A+mfs and removed from Rating Watch with Positive Implications)
Ess Kay Fincorp Ltd - Northern Arc 2019 Series A2 PTCs     CRISIL A+ (SO) 19.8    -
CV Valyria
(Converted from Provisional Rating to Final Rating)
Ess Kay Fincorp Ltd - Northern Arc 2019 Series A1 PTCs     CRISIL AA (SO) 567.8   -
CV Valyria
(Converted from Provisional Rating to Final Rating)
Excel Cashew Traders                    CC                 CRISIL BB-     50      Reaffirmed
Excel Cashew Traders                    Proposed LT Bk     CRISIL BB-     100     Reaffirmed
                                        Loan Fac
G V G Paper Mills Pvt Ltd               CC                 CRISIL A-      240     Reaffirmed
G V G Paper Mills Pvt Ltd               LT Loan            CRISIL A-      139.2   Reaffirmed
G V G Paper Mills Pvt Ltd               Proposed LT Bk     CRISIL A-      90.8    Reaffirmed
                                        Loan Fac
Godolo And Godolo Exports Pvt Ltd       CC                 CRISIL BB-     53      -
(Issuer Not Cooperating)
Godolo And Godolo Exports Pvt Ltd       Proposed LT Bk     CRISIL BB-     2       -
                                        Loan Fac
(Issuer Not Cooperating)
Grandeur Agrotech Pvt Ltd               Ratings            -              -       -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review)
Hema Abodes Pvt Ltd                     LT Loan            CRISIL B+      190     Migrated from
                                                                                  CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Hero Future Energies Pvt Ltd            LOC & BG           -              5800    Withdrawn
Hero Future Energies Pvt Ltd            LT Loan            CRISIL AA-     470     Reaffirmed
Hmtd Engineering Pvt Ltd                CC                 -              55      Withdrawn
(Issuer Not Cooperating)
Hmtd Engineering Pvt Ltd                Inland/Import LOC  -              25      Withdrawn
(Issuer Not Cooperating)
Hmtd Engineering Pvt Ltd                Proposed LT Bk     -              20      Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
Horizon Microtech Pvt Ltd               CC                 CRISIL BB+     150     Upgraded from
                                                                                  CRISIL
                                                                                  BB/Stable
Indo Unique Flame Ltd                   BG                 -              490     Withdrawn
(Issuer Not Cooperating)
Indo Unique Flame Ltd                   CC                 -              280     Withdrawn
(Issuer Not Cooperating)
Indo Unique Flame Ltd                   Proposed FB Bk     -              30      Withdrawn
                                        Limits
(Issuer Not Cooperating)
Keshav Overseas                         TL                 CRISIL BB-     28.8    Assigned
Keshav Overseas                         CC                 CRISIL BB-     100     Assigned
King Security Guards Services Pvt Ltd   Proposed LT Bk     CRISIL BB+     52      Assigned
                                        Loan Fac
King Security Guards Services Pvt Ltd   CC                 CRISIL BB+     20      Assigned
KKR India Asset Finance Ltd             Proposed LT Bk     CRISIL AA      12950   Reaffirmed
                                        Loan Fac
KKR India Asset Finance Ltd             TL                 CRISIL AA      22550   Reaffirmed
KKR India Asset Finance Ltd             NCD                CRISIL         10000   Reaffirmed
                                                           AA/Stable
Kunal Cotton Industries                 CC                 CRISIL B-      70      -
(Issuer Not Cooperating)
Kunal Cotton Industries                 Proposed LT Bk     CRISIL B-      7       -
                                        Loan Fac
(Issuer Not Cooperating)
Kunal Cotton Industries                 TL                 CRISIL B-      3       -
(Issuer Not Cooperating)
Lotus Wireless Technologies India Pvt   BG                 -              130     Withdrawn
Ltd
(Issuer Not Cooperating)
Lotus Wireless Technologies India Pvt   CC                 -              40      Withdrawn
Ltd
(Issuer Not Cooperating)
Lotus Wireless Technologies India Pvt   LOC                -              50      Withdrawn
Ltd
(Issuer Not Cooperating)
Lotus Wireless Technologies India Pvt   Proposed LT Bk     -              580     Withdrawn
Ltd                                     Loan Fac
(Issuer Not Cooperating)
M.G.Brothers Automobiles Pvt Ltd        CC                 CRISIL B+      125     Reaffirmed
Meghdoot Packaging Uttaranchal          Ratings            -              -       -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review)
Motherson Molds and Diecasting Ltd      CC                 CRISIL AA-     30      Reaffirmed
Reaffirmed
Motherson Molds and Diecasting Ltd      TL                 CRISIL AA-     116     Reaffirmed
Reaffirmed
Muthoot Capital Services Ltd - Vivriti  Series A1 PTCs     CRISIL AA (SO) 1221.2  -
Bast 05 2019
(Converted from Provisional Rating to Final Rating)
Pioneer NF Forgings India Pvt Ltd       CC                 CRISIL BB-     50      Upgraded from
                                                                                  CRISIL
                                                                                  B+/Stable
Pioneer NF Forgings India Pvt Ltd       Proposed CC Limit  CRISIL BB-     22.5    Upgraded from
                                                                                  CRISIL
                                                                                  B+/Stable
Pioneer NF Forgings India Pvt Ltd       TL                 CRISIL BB-     7       Upgraded from
                                                                                  CRISIL
                                                                                  B+/Stable
Rajasthan Gum Pvt Ltd                   Ratings            -              -       -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review)
Ransan Packaging Pvt Ltd                CC                 CRISIL B+      45      Upgraded from
                                                                                  CRISIL
                                                                                  B/Stable
Ransan Packaging Pvt Ltd                LT Loan            CRISIL B+      30      Upgraded from
                                                                                  CRISIL
                                                                                  B/Stable
Schloss Bangalore Pvt Ltd               TL                 CRISIL A-      10460   Assigned
Schloss Chanakya Pvt Ltd                TL                 CRISIL A-      9250    Assigned
Schloss Chennai Pvt Ltd                 TL                 CRISIL A-      4800    Assigned
Schloss Udaipur Pvt Ltd                 TL                 CRISIL A-      2990    Assigned
Shakambari Rice Mill Pvt Ltd            CC                 CRISIL B+      60      Reaffirmed
(Issuer Not Cooperating)
Shakambari Rice Mill Pvt Ltd            LT Loan            CRISIL B+      90      Reaffirmed
(Issuer Not Cooperating)
Shakambari Rice Mill Pvt Ltd            Proposed LT Bk     CRISIL B+      5       Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Shirdi Sai Electricals Ltd              Ratings            -              -       -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review)
Shivshakti Construction Company         CC                 CRISIL BB      50      Migrated from
                                                                                  CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Shivshakti Construction Company         Proposed LT Bk     CRISIL BB      1.6     Migrated from
                                        Loan Fac                                  CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Shorewala Roller Flour Mills Pvt Ltd    CC                 -              70      Withdrawn
(Issuer Not Cooperating)
Shorewala Roller Flour Mills Pvt Ltd    Proposed CC Limit  -              15      Withdrawn
(Issuer Not Cooperating)
Shorewala Roller Flour Mills Pvt Ltd    Proposed LT Bk     -              5       Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
Shree Balaji Steel Enterprises          Electronic Dealer  CRISIL B+      190     -
                                        Financing
                                        Scheme(e-DFS)
(Issuer Not Cooperating)
Shreenath Metals                        TL                 CRISIL BB-     70      Assigned
Shreenath Metals                        CC/ Overdraft Fac  CRISIL BB-     54      Assigned
Shreenath Metals                        Proposed Overdraft CRISIL BB-     46      Assigned
                                        Fac
SLC Projects Pvt Ltd                    CC                 CRISIL B+      180     -
(Issuer Not Cooperating)
Sri Balaji Jewellers                    CC                 CRISIL B+      50      -
(Issuer Not Cooperating)
Sri Balaji Jewellers                    LT Loan            CRISIL B+      15      -
(Issuer Not Cooperating)
Sri Karpagam Steels                     CC                 CRISIL BB-     60      -
(Issuer Not Cooperating)
Sri Paranthaman Textiles Pvt Ltd        Secured Overdraft  CRISIL D       55      -
                                        Fac
(Issuer Not Cooperating)
Sri Swami Chitrath Rice Mills           CC                 CRISIL BB-     260     -
(Issuer Not Cooperating)
Subha-Soumya Cold Storage Pvt Ltd       CC                 CRISIL B       64      Upgraded from
                                                                                  CRISIL
                                                                                  B-/Stable
Subha-Soumya Cold Storage Pvt Ltd       LT Loan            CRISIL B       21.3    Upgraded from
                                                                                  CRISIL
                                                                                  B-/Stable
Subha-Soumya Cold Storage Pvt Ltd       Proposed LT Bk     CRISIL B       48.8    Upgraded from
                                        Loan Fac                                  CRISIL
                                                                                  B-/Stable
Subha-Soumya Cold Storage Pvt Ltd       WC Loan            CRISIL B       14.4    Upgraded from
                                                                                  CRISIL
                                                                                  B-/Stable
Subrahmanyeswara Swamy Rice Mill        CC                 CRISIL B-      10      -
(Issuer Not Cooperating)
Subrahmanyeswara Swamy Rice Mill        LT Loan            CRISIL B-      57.9    -
(Issuer Not Cooperating)
Subrahmanyeswara Swamy Rice Mill        Proposed LT Bk     CRISIL B-      32.1    -
                                        Loan Fac
(Issuer Not Cooperating)
Sultania Oil Industries Pvt Ltd         CC                 CRISIL BB      120     Reaffirmed
Sultania Oil Industries Pvt Ltd         Proposed LT Bk     CRISIL BB      40.9    Reaffirmed
                                        Loan Fac
Sultania Oil Industries Pvt Ltd         TL                 CRISIL BB      17.1    Reaffirmed
Super Hi-Tech Engineers and Contractors CC                 CRISIL BB-     60      -
(Issuer Not Cooperating)
T N Auto And General Engineering        CC                 CRISIL BB-     50      -
Company Pvt Ltd
(Issuer Not Cooperating)
T N Auto And General Engineering        Proposed LT Bk     CRISIL BB-     31.8    -
Company Pvt Ltd                         Loan Fac
(Issuer Not Cooperating)
T N Auto And General Engineering        Proposed TL        CRISIL BB-     15      -
Company Pvt Ltd
(Issuer Not Cooperating)
T N Auto And General Engineering        TL                 CRISIL BB-     3.2     -
Company Pvt Ltd
(Issuer Not Cooperating)
Tirupati Microtech Pvt Ltd              LOC#               CRISIL BB+     150     Migrated from
                                                                                  CRISIL
                                                                                  BBB/Stable
# Interchangeable with Cash Credit or Working capital Demand Loan up to 12 Cr ; Interchangeable
with Export Packing Credit/Packing Credit in Foreign Currency up to 1 Cr ; Interchangeable with
foreign bill negotiation up to 1 Cr. ; Interchangeable with Bank Guarantee up to 50
lakhs/(Issuer Not Cooperating)
Tirupati Microtech Pvt Ltd              Proposed LT Bk     CRISIL BB+     5       Migrated from
                                        Loan Fac                                  CRISIL
                                                                                  BBB/Stable
(Issuer Not Cooperating)
Unilec Engineers Ltd                    CC                 CRISIL BB-     63.2    -
(Issuer Not Cooperating)
Voxco Pigments and Chemicals Pvt Ltd    CC                 -              102.5   Withdrawn
(Issuer Not Cooperating)
Voxco Pigments and Chemicals Pvt Ltd    LOC                -              35.5    Withdrawn
(Issuer Not Cooperating)
Voxco Pigments and Chemicals Pvt Ltd    Proposed LT Bk     -              2       Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
Voxco Pigments and Chemicals Pvt Ltd    TL                 -              80      Withdrawn
(Issuer Not Cooperating)
Western Heat And Forge Pvt Ltd          CC                 -              340     Withdrawn
(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@thomsonreuters.com)
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