July 2, 2012 / 5:46 AM / 5 years ago

FITCH ratings for Indian debt instruments-Jul 2

Jul 2 (Reuters) - Below are the ratings awarded by Fitch Ratings India Private Ltd. (FITCH)
for local debt instruments as of June 29, 2012.

COMPANY                       INSTRUMENT              RATING               AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                        ----------              ------               ------   ---------
SHORT TERM RATINGS:
-------------------
Binani Cement Ltd             non-FB limits          Fitch A1(ind)nm        2510  migrated from
                                                                                  Fitch A1(ind)
Uniphos Agro Industries Ltd   non-FBL                Fitch A4+(ind)nm        140  Withdrawn

LONG TERM RATINGS:
-------------------
Andhra Pradesh State          Series I - 2007        Fitch A(ind)(SO)        500  Affirmed
Financial Corporation
Andhra Pradesh State          Series II - 2008       Fitch A(ind)(SO)       1290  Affirmed
Financial Corporation
Andhra Pradesh State          Series III - 2008      Fitch A(ind)(SO)       1000  Affirmed
Financial Corporation
Andhra Pradesh State          Series IV - 2009       Fitch A(ind)(SO)       1210  Affirmed
Financial Corporation
Andhra Pradesh State          TL                     Fitch BBB+(ind)         500  Affirmed
Financial Corporation
Andhra Pradesh State          secured overdraft      Fitch BBB+(ind)         250  Affirmed
Financial Corporation         facility
Binani Cement Ltd             long-TL                Fitch A(ind)nm      11948.8  migrated from
                                                                                  Fitch A(ind)
Binani Cement Ltd             FB WC limits           Fitch A(ind)nm          600  migrated from
                                                                                  Fitch A(ind)
Irb Kolhapur Integrated Road  senior project Bk      Fitch                  2520  Affirmed
Development Company Pvt Ltd   loan                   A-(ind)(SO)
Kamlang Saw & Veneer Mills    long-TL                Fitch BB(ind)            80  Assigned
Pvt Ltd
Kamlang Saw & Veneer Mills    FB limits              Fitch BB(ind)          41.5  Assigned
Pvt Ltd
Navin Gems                    export-packing credit  Fitch D(ind)nm          390  Withdrawn
                              limits
Navin Gems                    post-shipment credit   Fitch D(ind)nm          940  Withdrawn
                              limits
Parikh Fabrics Pvt Ltd        CC limits              Fitch D(ind)nm          220  Withdrawn
Parikh Fabrics Pvt Ltd        TL                     Fitch D(ind)nm          580  Withdrawn
Ubico Networks Pvt Ltd        long-TL                Fitch BB-(ind)nm        200  migrated from
                                                                                  Fitch BB-(ind)
Uniphos Agro Industries Ltd   FB limits              Fitch BB(ind)nm          60  Withdrawn
--------------------------------------------------------------------------------------------
$: 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
nm - Non Monitored
FITCH 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, E-mail at rru.data@thomsonreuters.com)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below