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RPT-ICRA ratings for Indian debt instruments-Nov 19

 (Repeating to add additional ratings)
    Nov 19 - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd.
(ICRA) for local debt instruments as of November 18, 2020.

COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Allix Ceramic Pvt Ltd                   Non-fund based BG     ICRA A4      13.5
Rating continues to remain under ‘Issuer Not Cooperating’ category
D&H Secheron Electrodes Pvt Ltd         ST – Non-fund Based   ICRA A3      70     Reaffirmed
Goodwill Advance Construction Company   BG                    ICRA A4+     400    Assigned
Pvt. Ltd.
Shri Super Jain Timber Pvt Limtied      Bk Fac                ICRA A4             Suspended
Sivaswati Textile Pvt Ltd               ST – Non-Fund Based   ICRA A3      80
Reaffirmed and rating removed from the ‘Issuer Not Cooperating’ category

LONG TERM RATINGS:
-------------------
Allix Ceramic Pvt Ltd                   Fund based-TL         ICRA B       61.1
                                                              (Stable)
Rating continues to remain under ‘Issuer Not Cooperating’ category
Allix Ceramic Pvt Ltd                   Fund based-CC         ICRA B       50
                                                              (Stable)
Rating continues to remain under ‘Issuer Not Cooperating’ category
D&H Secheron Electrodes Pvt Ltd         LT – FB limits        ICRA BBB-    170    Reaffirmed
                                                              (Stable)
outlook revised from negative
Goodwill Advance Construction Company   TL                    ICRA BB+     50     Assigned
Pvt. Ltd.                                                     (Stable)
Karda Constructions Ltd                 LT – FB – CC          ICRA BB-&    330    Outstanding
&- under rating watch with developing implications
Karda Constructions Ltd                 LT – FB – TL          ICRA BB-&    310    Outstanding
&- under rating watch with developing implications
Karda Constructions Ltd                 NCD/Debt              ICRA BB-&    500    Outstanding
&- under rating watch with developing implications
Karda Constructions Ltd                 LT/ST – FB/ Non-fund  ICRA         360    Outstanding
                                        based                 BB-&/ICRA A4&
&- under rating watch with developing implications
Parth Concast Ltd                       FB Limits CC          ICRA D       60
Rating continues to remain under ‘Issuer Not Cooperating’ category
Parth Concast Ltd                       TL                    ICRA D       200
Rating continues to remain under ‘Issuer Not Cooperating’ category
Patel Cotton Industries - Veraval       Fund based-CC         ICRA         100
                                                              B+(Stable)
Rating continues to remain under ‘Issuer Not Cooperating’ category
Reliance Commercial Finance Ltd         CP Programme          ICRA D       12000
Rating continues to remain in Issuer Not Cooperating category
Reliance Home Finance Ltd               CP Programme          ICRA D       12000
Rating continues to remain in Issuer Not Cooperating category
Shree Govardhan Steels Pvt Ltd          LT – FB limits        ICRA BB-     80
                                                              (Stable)
revised from ICRA B+(Stable) and removed from noncooperation
Shree Govardhan Steels Pvt Ltd          LT – TL               ICRA BB-     20
                                                              (Stable)
revised from ICRA B+(Stable) and removed from noncooperation
Shri Ram Rice Mills                     LT FB - CC            ICRA         650
                                                              B+(Stable)
Downgraded from ICRA BB-(Stable) and continues to remain in ‘Issuer Not Cooperating’ category
Shri Super Jain Timber Pvt Limtied      Bk Fac                ICRA B+             Suspended
Sivaswati Textile Pvt Ltd               LT - Fund Based/ CC   ICRA         444
                                                              BBB-(Stable)
Reaffirmed and rating removed from the ‘Issuer Not Cooperating’ category
Sivaswati Textile Pvt Ltd               LT - Unallocated      ICRA         388.2
                                                              BBB-(Stable)
Reaffirmed and rating removed from the ‘Issuer Not Cooperating’ category
Vikas Cotton Ginning & Pressing         Unallocated Limits    ICRA D       51
Issuer Not Cooperating Rating continues to remain under ‘Issuer Not Cooperating’ category
Vikas Cotton Ginning & Pressing         Fund based-CC         ICRA D       120
Rating continues to remain under the ‘Issuer Not Cooperating’ category
Kitturu Chennamma Poultry Farm          CC                    ICRA BB-     126    Issuer not
                                                              (Stable)            cooperating
Kitturu Chennamma Poultry Farm          TL                    ICRA BB-     28     Issuer not
                                                              (Stable)            cooperating
Kitturu Chennamma Poultry Farm          Unallocated limits    ICRA BB-     56     Issuer not
                                                              (Stable)            cooperating
Sri Laxmi Srinivasa Roller Flour Mills  CC                    ICRA B+      65     Issuer not
                                                              (Stable)            cooperating
Sri Laxmi Srinivasa Roller Flour Mills  Unallocated limits    ICRA B+      5      Issuer not
                                                              (Stable)            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

ICRA 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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