October 3, 2018 / 8:10 AM / 8 months ago

CRISIL ratings for Indian debt instruments-Oct 3

    Oct 3 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of October 1, 2018.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Abad Fisheries Pvt Ltd                  Foreign Bill       CRISIL A3+     100     Reaffirmed
                                        Discounting
Abad Fisheries Pvt Ltd                  LOC                CRISIL A3+     20      Reaffirmed
Abad Fisheries Pvt Ltd                  Packing Credit     CRISIL A3+     200     Reaffirmed
Bajaj Housing Finance Ltd               CP                 CRISIL A1+     30000   Reaffirmed
Hindustan Auto Agency                   BG                 CRISIL A3      130     Reaffirmed
IMS Mercantiles Pvt Ltd                 Foreign Exchange   CRISIL A4+     10      Reaffirmed
                                        Forward
IMS Mercantiles Pvt Ltd                 LOC                CRISIL A4+     90      Reaffirmed
IRB Infrastructure Developers Ltd       Proposed BG        CRISIL A1      10000   Assigned
IRB Infrastructure Developers Ltd       BG                 CRISIL A1      11000   Assigned
JSW Infrastructure Ltd                  Commercia          CRISIL A1+     1500    Reaffirmed
(Removed from 'Rating Watch with Developing Implications)
Lilly Maritime Pvt Ltd                  Letter Of GuaranteeCRISIL A4+     25      Reaffirmed
Live City Ceramic Pvt. Ltd.             BG                 CRISIL A4      12.5    -
(ISSUER NOT COOPERATING)
MTAB Engineers Pvt Ltd                  BG                 CRISIL A4      14      Reaffirmed
MTAB Engineers Pvt Ltd                  LOC                CRISIL A4      14      Reaffirmed
Raj Engineering Company                 LOC                CRISIL A4+     70      Assigned
Raj Engineering Company                 BG                 CRISIL A4+     150     Assigned
Reliance Industries Ltd                 CP                 CRISIL A1+     300000  Reaffirmed
Reliance Industries Ltd                 CP                 CRISIL A1+     45000   Reaffirmed
Robust Hotels Pvt Ltd                   BG                 CRISIL A4+     61.2    Reaffirmed
Unistil Alcoblends Pvt Ltd              BG                 CRISIL A4+     2.5     Downgraded
                                                                                  from 'CRISIL
                                                                                  A3
Unistil Alcoblends Pvt Ltd              Foreign Exchange   CRISIL A4+     10      Downgraded
                                        Forward                                   from 'CRISIL
                                                                                  A3
Unistil Alcoblends Pvt Ltd              LOC                CRISIL A4+     10      Downgraded
                                                                                  from 'CRISIL
                                                                                  A3


LONG TERM RATINGS:
-------------------
Abad Fisheries Pvt Ltd                  LT Loan            CRISIL BBB     55      Upgraded from
                                                                                  CRISIL BBB-
Abad Fisheries Pvt Ltd                  Proposed LT Bk     CRISIL BBB     21.8    Upgraded from
                                        Loan Fac                                  CRISIL BBB-
Aditya Sai Cot Spin Pvt Ltd             CC                 CRISIL B+      120     -
(ISSUER NOT COOPERATING)
Bajaj Housing Finance Ltd               CC & WC demand loanCRISIL AAA     2000    Reaffirmed
Bajaj Housing Finance Ltd               Proposed LT Bk     CRISIL AAA     41500   Reaffirmed
                                        Loan Fac*
*Interchangeable with short-term bank facilities
Bajaj Housing Finance Ltd               TL                 CRISIL AAA     6500    Reaffirmed
Bajaj Housing Finance Ltd               NCD                CRISIL AAA     20000   Reaffirmed
Bajaj Housing Finance Ltd               NCD                CRISIL AAA     20000   Reaffirmed
Bajaj Housing Finance Ltd               NCD                CRISIL AAA     15000   Reaffirmed
Bajaj Housing Finance Ltd               NCD                CRISIL AAA     10000   Reaffirmed
Bajaj Housing Finance Ltd               NCD                CRISIL AAA     5000    Reaffirmed
Bajaj Housing Finance Ltd               Subordinated Debt  CRISIL AAA     5000    Reaffirmed
Bhurji Super-tek Industries Ltd         BG                 CRISIL D       5       Reaffirmed
Bhurji Super-tek Industries Ltd         CC                 CRISIL D       40      Reaffirmed
Bhurji Super-tek Industries Ltd         Proposed LT Bk     CRISIL D       38.2    Reaffirmed
                                        Loan Fac
Bhurji Super-tek Industries Ltd         TL                 CRISIL D       166.8   Reaffirmed
C. S. Infraconstruction Ltd             BG                 CRISIL D       1250    Reaffirmed
C. S. Infraconstruction Ltd             CC                 CRISIL D       300     Reaffirmed
C. S. Infraconstruction Ltd             TL                 CRISIL D       50      Reaffirmed
Hindustan Auto Agency                   CC                 CRISIL BBB-    600     Reaffirmed
Hindustan Auto Agency                   Proposed LT Bk     CRISIL BBB-    150     Assigned
                                        Loan Fac
Hindustan Auto Agency                   LT Loan            CRISIL BBB-    20      Assigned
IMS Mercantiles Pvt Ltd                 CC                 CRISIL BB+     100     Upgraded from
                                                                                  CRISIL BB
IRB Infrastructure Developers Ltd       Proposed LT Bk     CRISIL A+      2468.1  Assigned
                                        Loan Fac
IRB Infrastructure Developers Ltd       LT Loan            CRISIL A+      18531.9 Assigned
Jai Ambey Distributors                  CC                 CRISIL B+      55      -
(ISSUER NOT COOPERATING)
JSW Infrastructure Ltd                  Corporate Credit   CCR A+         -       Reaffirmed
                                        Rating
(Removed from 'Rating Watch with Developing Implications)
Lifestyle Sarees Pvt Ltd                CC                 CRISIL B+      240     -
(ISSUER NOT COOPERATING)
Lilly Maritime Pvt Ltd                  CC                 CRISIL BB+     35      Reaffirmed
Lilly Maritime Pvt Ltd                  TL                 CRISIL BB+     13      Reaffirmed
Live City Ceramic Pvt. Ltd.             CC                 CRISIL B       20      -
(ISSUER NOT COOPERATING)
Live City Ceramic Pvt. Ltd.             LT Loan            CRISIL B       37.5    -
(ISSUER NOT COOPERATING)
Live City Ceramic Pvt. Ltd.             Proposed LT Bk     CRISIL B       3       -
                                        Loan Fac
(ISSUER NOT COOPERATING)
Maliyakkal Construction Company         CC                 CRISIL BB-     100     Assigned

Model Dairy Pvt Ltd                     CC                 CRISIL BB-     75      Downgraded
                                                                                  from 'CRISIL
                                                                                  BB
MTAB Engineers Pvt Ltd                  CC                 CRISIL B+      95      Reaffirmed
MTAB Engineers Pvt Ltd                  Proposed LT Bk     CRISIL B+      34      Reaffirmed
                                        Loan Fac
MTAB Engineers Pvt Ltd                  TL                 CRISIL B+      13      Reaffirmed
Raj Engineering Company                 CC                 CRISIL BB+     80      Assigned
Rajdhani Cold storag                    CC                 CRISIL B+      15      -
(ISSUER NOT COOPERATING)
Rajdhani Cold storag                    LT Loan            CRISIL B+      50      -
(ISSUER NOT COOPERATING)
Reliance Industries Ltd                 FB Fac*            CRISIL AAA     499650  Reaffirmed
*Fully interchangeable between bank guarantee, letter of credit, export packing credit, and
post-shipment credit.
Reliance Industries Ltd                 Proposed LT Bk     CRISIL AAA     150000  Reaffirmed
                                        Loan Fac
Reliance Industries Ltd                 Rupee TL           CRISIL AAA     350     Reaffirmed
Reliance Industries Ltd                 NCD                CRISIL AAA     100000  Assigned
Reliance Industries Ltd                 NCD                CRISIL AAA     100000  Reaffirmed
Reliance Industries Ltd                 NCD                CRISIL AAA     100000  Reaffirmed
Reliance Industries Ltd                 NCDs               CRISIL AAA     100080  Reaffirmed
Robust Hotels Pvt Ltd                   CC                 CRISIL BB+     50      Reaffirmed
Robust Hotels Pvt Ltd                   LT Loan            CRISIL BB+     1396.9  Reaffirmed
Satya Constructions Pvt Ltd             LT Loan            CRISIL B+      191     -
(ISSUER NOT COOPERATING)
Satya Constructions Pvt Ltd             Proposed LT Bk     CRISIL B+      459     -
                                        Loan Fac
(ISSUER NOT COOPERATING)
Shreejee Cotex - Shahad                 CC                 CRISIL B+      35      -
(ISSUER NOT COOPERATING)
Shreejee Cotex - Shahad                 TL                 CRISIL B+      30      -
(ISSUER NOT COOPERATING)
Unistil Alcoblends Pvt Ltd              CC                 CRISIL BB+     250     Downgraded
                                                                                  from 'CRISIL
                                                                                  BBB-
Unistil Alcoblends Pvt Ltd              Proposed TL        CRISIL BB+     28.4    Downgraded
                                                                                  from 'CRISIL
                                                                                  BBB-
Unistil Alcoblends Pvt Ltd              TL                 CRISIL BB+     8       Downgraded
                                                                                  from 'CRISIL
                                                                                  BBB-
--------------------------------------------------------------------------------------------
$: 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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