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CRISIL ratings for Indian debt instruments-Sep 8
September 8, 2017 / 5:43 AM / 17 days ago

CRISIL ratings for Indian debt instruments-Sep 8

    Sep 8 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of September 7, 2017.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Comet Exports                           Foreign            CRISIL A4      36      Reaffirmed
                                        Discounting Bill
                                        Purchase
Comet Exports                           Packing Credit     CRISIL A4      97.7    Reaffirmed
Deccan Cements Ltd                      BG                 CRISIL A1      120     Reaffirmed
Deccan Cements Ltd                      LOC                CRISIL A1      120     Reaffirmed
Devendra Autocom Pvt Ltd                BG                 CRISIL A4      11      Reaffirmed
Issuer Not Cooperating
Devendra Autocom Pvt Ltd                LOC                CRISIL A4      15      Reaffirmed
Issuer Not Cooperating
Devendra Autocom Pvt Ltd                Overdraft          CRISIL A4      25      Reaffirmed
Issuer Not Cooperating
Dilip Buildcon Ltd                      CP                 CRISIL A1      1000
Placed on Rating Watch with Developing Implications
Dilip Buildcon Ltd                      Non-FBL            CRISIL A1      40322   Reaffirmed
Placed on Rating Watch with Developing Implications
Dilip Buildcon Ltd                      Proposed NFBL      CRISIL A1      2488.9  Reaffirmed
Placed on Rating Watch with Developing Implications
Dilip Buildcon Ltd                      CP                 CRISIL A1      1000
Placed on Rating Watch with Developing Implications
Dilip Buildcon Ltd                      Non-FBL            CRISIL A1      40322   Reaffirmed
Placed on Rating Watch with Developing Implications
Dilip Buildcon Ltd                      Proposed NFBL      CRISIL A1      2488.9  Reaffirmed
Placed on Rating Watch with Developing Implications
Dyna Automation Pvt Ltd                 Buyer`s Credit     CRISIL A3      27.5    Reaffirmed
Edelweiss Commodities Services Ltd      ST Bk Fac          CRISIL A1+     600     Reaffirmed
Edelweiss Commodities Services Ltd      Standby LOC        CRISIL A1+     1520    Reaffirmed
Edelweiss Commodities Services Ltd      ST Debt Issue*     CRISIL A1+     50000   Assigned 
*Assigned for initial/follow-on public offer financing on episodic basis.
Edelweiss Commodities Services Ltd      ST Debt Issue*     CRISIL A1+     20000   Withdrawal
*Assigned for initial/follow-on public offer financing on episodic basis.
Edelweiss Commodities Services Ltd      ST Debt Issue*     CRISIL A1+     55000   Withdrawal
*Assigned for initial/follow-on public offer financing on episodic basis.
Edelweiss Commodities Services Ltd      ST Debt Issue*     CRISIL A1+     55000   Withdrawal
*Assigned for initial/follow-on public offer financing on episodic basis.
Edelweiss Commodities Services Ltd      ST Debt Issue*     CRISIL A1+     10000   Withdrawal
*Assigned for initial/follow-on public offer financing on episodic basis.
Edelweiss Commodities Services Ltd      ST Debt (Including CRISIL A1+     70000   Reaffirmed
                                        ST NCD)
Edelweiss Financial Services Ltd        ST Debt Issue*     CRISIL A1+     50000   Assigned
*Assigned for initial public offering/ open offer financing on episodic basis
Edelweiss Financial Services Ltd        ST Debt Issue*     CRISIL A1+     25000   Withdrawal
*Assigned for initial public offering/ open offer financing on episodic basis
Edelweiss Financial Services Ltd        ST Debt Issue*     CRISIL A1+     30000   Withdrawal
*Assigned for initial public offering/ open offer financing on episodic basis
Edelweiss Financial Services Ltd        ST Debt Issue*     CRISIL A1+     30000   Withdrawal
*Assigned for initial public offering/ open offer financing on episodic basis
Edelweiss Financial Services Ltd        ST Debt Issue*     CRISIL A1+     20000   Withdrawal
*Assigned for initial public offering/ open offer financing on episodic basis
Edelweiss Financial Services Ltd        ST Debt            CRISIL A1+     63500   Reaffirmed
Frontier Springs Ltd                    BG                 CRISIL A4+     40      Reaffirmed
Frontier Springs Ltd                    LOC                CRISIL A4+     60      Reaffirmed
GIC Housing Finance Ltd                 CP                 CRISIL A1+     8000    Reaffirmed 
GTPL Hathway Ltd                        Factoring/         CRISIL A2+     200     Reaffirmed
                                        Forfaiting
GTPL Hathway Ltd                        Overdraft          CRISIL A2+     200     Reaffirmed
Hitachi Hi-Rel Power Electronics Pvt LtdLOC & BG           CRISIL A1+     1773    Reaffirmed
Hitachi Hi-Rel Power Electronics Pvt LtdOverdraft          CRISIL A1+     1712.5  Reaffirmed
Jaithra Exim Pvt Ltd                    LOC                CRISIL A4+     145     Assigned
National Bank For Agriculture and Rural One-Year CDs       CRISIL A1+     100000  Reaffirmed 
Development                             Programme
National Bank For Agriculture and Rural CP (Enhanced from  CRISIL A1+     270000  Reaffirmed 
Development                             23000 Crore)
Panini Granites Pvt Ltd                 LOC                CRISIL A4      25      Upgraded from
                                                                                  CRISIL D
Shukan Micro Mineral LLP                BG                 CRISIL A4      6       Reaffirmed
SPEL Semiconductor Ltd                  LOC                CRISIL A4      40      Upgraded from
                                                                                  CRISIL D
SPEL Semiconductor Ltd                  Packing Credit     CRISIL A4      110     Upgraded from
                                                                                  CRISIL D
SPEL Semiconductor Ltd                  Proposed ST Bk     CRISIL A4      150     Upgraded from
                                        Loan Fac                                  CRISIL D
Sri Balaji Raw And Parboiled Rice Mills BG                 CRISIL A4      80      Reaffirmed
Pvt Ltd
Ujjivan Small Finance Bank Ltd          CD                 CRISIL A1+     30000   Reaffirmed
Enhanced from Rs.1000 Crore
Ujjivan Small Finance Bank Ltd          STD                CRISIL A1+     20000   Reaffirmed
Enhanced from Rs.1000 Crore

MEDIUM TERM RATINGS:
-------------------
National Bank For Agriculture and Rural FD Programme       FAAA           1000    Reaffirmed 
Development


LONG TERM RATINGS:
-------------------
Bank of Baroda                          Tier I             CRISIL AA+     30000   Reaffirmed
                                        Bonds (Under Basel
                                        III) 
Bank of Baroda                          Tier-II Bond Issue CRISIL AAA     20000   Reaffirmed
                                        (Under Basel III)

Bank of Baroda                          Lower Tier II      CRISIL AAA     5000    Reaffirmed
                                        Bonds (Under Basel
                                        II)
Bank of Baroda                          Tier I Perpetual   CRISIL AAA     21500   Reaffirmed
                                        Bonds (Under Basel
                                        II)
Bank of Baroda                          Upper Tier II      CRISIL AAA     50000   Reaffirmed
                                        Bonds (Under Basel
                                        II)
Comet Exports                           Proposed LT Bk     CRISIL B-      40      Downgraded
                                        Loan Fac                                  from CRISIL B
Comet Exports                           TL                 CRISIL B-      6.3     Downgraded
                                                                                  from CRISIL B
Deccan Cements Ltd                      CC                 CRISIL A       630     Reaffirmed
Deccan Cements Ltd                      Proposed LT Bk     CRISIL A       45.6    Reaffirmed
                                        Loan Fac
Deccan Cements Ltd                      TL                 CRISIL A       34.4    Assigned
Devendra Autocom Pvt Ltd                Export Packing     CRISIL B+      19      Upgraded from
                                        Credit                                    CRISIL B
Issuer Not Cooperating
Dilip Buildcon Ltd                      NCD                CRISIL A+      6000    Assigned
Placed on Rating Watch with Developing Implications
Dilip Buildcon Ltd                      CC                 CRISIL A+      18196   Reaffirmed
Placed on Rating Watch with Developing Implications
Dilip Buildcon Ltd                      NCD                CRISIL A+      6000    Assigned
Placed on Rating Watch with Developing Implications
Dilip Buildcon Ltd                      CC                 CRISIL A+      18196   Reaffirmed
Placed on Rating Watch with Developing Implications
Dilip Buildcon Ltd                      TL                 CRISIL A+      4323.1  Reaffirmed
Placed on Rating Watch with Developing Implications
Dyna Automation Pvt Ltd                 Buyer`s Credit     CRISIL BBB-    10      Reaffirmed
Dyna Automation Pvt Ltd                 CC                 CRISIL BBB-    22.5    Reaffirmed
Dyna Automation Pvt Ltd                 Proposed LT Bk     CRISIL BBB-    40      Reaffirmed
                                        Loan Fac
Edelweiss Commodities Services Ltd      LT Bk Fac          CRISIL AA      3250    Reaffirmed
Edelweiss Commodities Services Ltd      Overdraft          CRISIL AA      7000    Reaffirmed
Edelweiss Commodities Services Ltd      Proposed LT Bk     CRISIL AA      5000    Reaffirmed
                                        Loan Fac**
**Interchangeable with short term bank facilities
Edelweiss Commodities Services Ltd      NCD                CRISIL AA      30000   Reaffirmed
Edelweiss Commodities Services Ltd      PS                 CRISIL AA      1050    Reaffirmed
Frontier Springs Ltd                    CC                 CRISIL BB+     55      Reaffirmed
Frontier Springs Ltd                    Standby Line of    CRISIL BB+     7.5     Reaffirmed
                                        Credit
Frontier Springs Ltd                    TL                 CRISIL BB+     22.3    Reaffirmed
G Kumaravel Textiles                    CC                 CRISIL B       65      Reaffirmed
GIC Housing Finance Ltd                 NCD                CRISIL AA+     5500    Reaffirmed 
GIC Housing Finance Ltd                 Proposed LT Bk     CRISIL AA+     1000    Reaffirmed
                                        Loan Fac
Gnyana Mandir Trust                     TL                 CRISIL BBB-    100     Assigned
GTPL Hathway Ltd                        CC/ Overdraft Fac  CRISIL A-      360     Reaffirmed
GTPL Hathway Ltd                        LT Loan            CRISIL A-      1802.9  Reaffirmed
GTPL Hathway Ltd                        Proposed LT Bk     CRISIL A-      937.1   Reaffirmed
                                        Loan Fac
Hitachi Hi-Rel Power Electronics Pvt LtdTL                 CRISIL AA-     37.5    Reaffirmed
National Bank For Agriculture and Rural Bonds              CRISIL AAA     1260000 Reaffirmed
Development
National Bank For Agriculture and Rural Tax-Free Bonds     CRISIL AAA     50000   Reaffirmed 
Development
Panini Granites Pvt Ltd                 CC                 CRISIL B-      75      Upgraded from
                                                                                  CRISIL D
Panini Granites Pvt Ltd                 LT Loan            CRISIL B-      38      Upgraded from
                                                                                  CRISIL D
Panini Granites Pvt Ltd                 Proposed LT Bk     CRISIL B-      77      Upgraded from
                                        Loan Fac                                  CRISIL D
Phooltas Transrail Ltd                  BG                 CRISIL D       440     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Removed from Rating Watch with Negative Implications
Phooltas Transrail Ltd                  CC                 CRISIL D       40      Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Removed from Rating Watch with Negative Implications
Phooltas Transrail Ltd                  LOC                CRISIL D       20      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Removed from Rating Watch with Negative Implications
Phooltas Transrail Ltd                  Proposed LT Bk     CRISIL D       106     Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB+
Removed from Rating Watch with Negative Implications
Rugby Renergy Pvt Ltd                   LT Loan            CRISIL BBB+    465     Reaffirmed
Rugby Renergy Pvt Ltd                   Proposed LT Bk     CRISIL BBB+    860.7   Reaffirmed
                                        Loan Fac
Rugby Renergy Pvt Ltd                   TL                 CRISIL BBB+    24.3    Reaffirmed
Senbo Engineering Ltd                   BG                 CRISIL D       1546.8  Downgraded
                                                                                  from CRISIL A4
Senbo Engineering Ltd                   CC                 CRISIL D       1180    Downgraded
                                                                                  from CRISIL B-
Senbo Engineering Ltd                   Proposed LT Bk     CRISIL D       73.2    Downgraded
                                        Loan Fac                                  from CRISIL B-
Shri Salasar Agro Processors            CC                 CRISIL B+      70      Assigned
Shri Salasar Agro Processors            Proposed TL        CRISIL B+      300     Assigned
Shukan Micro Mineral LLP                CC                 CRISIL B       40      Reaffirmed
Shukan Micro Mineral LLP                Proposed LT Bk     CRISIL B       2       Reaffirmed
                                        Loan Fac
Shukan Micro Mineral LLP                TL                 CRISIL B       72      Reaffirmed
Speedcrafts Ltd                         BG                 CRISIL D       50      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Removed from Rating Watch with Negative Implications
Speedcrafts Ltd                         CC                 CRISIL D       240     Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Removed from Rating Watch with Negative Implications
Speedcrafts Ltd                         LOC                CRISIL D       35      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Removed from Rating Watch with Negative Implications
Speedcrafts Ltd                         Proposed LT Bk     CRISIL D       212.2   Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB+
Removed from Rating Watch with Negative Implications
Speedcrafts Ltd                         TL                 CRISIL D       89      Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Removed from Rating Watch with Negative Implications
SPEL Semiconductor Ltd                  Proposed LT Bk     CRISIL C       450     Upgraded from
                                        Loan Fac                                  CRISIL D
Sri Balaji Raw And Parboiled Rice Mills CC                 CRISIL B       150     Reaffirmed
Pvt Ltd
Sri Balaji Raw And Parboiled Rice Mills Warehouse FinancingCRISIL B       150     Reaffirmed
Pvt Ltd
Sri Vinayaga Green Power Generation Pvt LT Loan            CRISIL D       225     Assigned
Ltd
T R Sawhney Automobiles Pvt Ltd         Inventory Funding  CRISIL BBB+    300     Reaffirmed
                                        Fac
Thankam Cashew Factory                  CC                 CRISIL BB-     200     Reaffirmed
Vraj Realtors                           LT Loan            CRISIL B+      80      Reaffirmed

--------------------------------------------------------------------------------------------
$: 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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