Reuters logo
India Ratings for Indian debt instruments – Mar 8
March 8, 2017 / 6:59 AM / 9 months ago

India Ratings for Indian debt instruments – Mar 8

   Mar 8 (Reuters) - Below are the ratings awarded by India Ratings and Research Private Ltd
(India Ratings), formerly known as Fitch Ratings India for local debt instruments as of
March 7, 2017.

COMPANY                         INSTRUMENT             RATING          AMOUNT   MOVEMENT
                                                                      (RS.MLN)
------                          ----------             ------          ------   ---------
SHORT TERM RATINGS:
-------------------
Beekay Steel Industries Ltd     Non-FB limits          IND A2           300      Upgraded
Kashi Kanchan Pvt Ltd           Non-FB limits          IND A4+          40       Assigned
Tirupati Structures (I) Pvt Ltd Non-FB limits          IND A4+          5        Affirmed

LONG TERM RATINGS:
-------------------
Beekay Steel Industries Ltd     Long-TL                IND BBB+         30.1     Upgraded from
                                                                                 IND BBB
Beekay Steel Industries Ltd     Long-TL                IND BBB+         78.1     Upgraded from
                                                                                 IND BBB
Beekay Steel Industries Ltd     FB limits              IND BBB+         1412.5   Upgraded from
                                                                                 IND BBB
Beekay Steel Industries Ltd     FB limits              IND BBB+         37.5     Assigned final
                                                                                 and Upgraded
Beekay Steel Industries Ltd     Long-TL                                 7.7      Withdrawn 
Brahmani River Pellets Ltd      NCD                    IND B(SO)/RWP    1140     Affirmed
Brahmani River Pellets Ltd      TL                     IND D            4614     Affirmed
Dhanalaxmi Cotton Industries    TL                     IND B+           17.85    Assigned
Dhanalaxmi Cotton Industries    FB WC limits           IND B+/IND A4    80       Assigned
Gayatri Microns Ltd             TL                     IND BB-          50.62    Assigned
Gayatri Microns Ltd             FB limit               IND BB-/ IND A4+ 31.8     Assigned
Kashi Kanchan Pvt Ltd           FB limits              IND BB-          150      Assigned
Lichchhwi Food India Pvt. Ltd   FB WC limit            IND BB-          70       Assigned
Lichchhwi Food India Pvt. Ltd   Long-TL                IND BB-          31.4     Assigned
Nizamabad Municipal Corporation LT Issuer Rating       IND BBB-                  Assigned
Precise Seamless Apparels Pvt   TL                     IND BB           60.19    Assigned
Ltd
Ramagundam Municipal CorporationLT Issuer Ratin        IND BBB-                  Assigned
Rkn Retail Pvt Ltd              NCDs – Tranche 1       IND A-           5750     Assigned
Rkn Retail Pvt Ltd              NCDs – Tranche 2       IND A-           6750     Assigned
Shiva Mettalicks Pvt Ltd        FB limits              IND BB-          120      Assigned
Sri Vasavi Educational Society  TL                     IND BB           32.09    Assigned
Sri Vasavi Educational Society  FB WC                  IND BB           25       Assigned
Tirupati Structures (I) Pvt Ltd FB limits              IND BB-          120      Affirmed
-----------------------------------------------------------------------------------------------
Note:- All Indian National-scale ratings previously assigned by Fitch have been transferred to
India Ratings & Research Private Ltd (India Ratings), which is a wholly owned subsidiary of the
Fitch Group. The withdrawn criteria are now available on India Ratings' website at
www.indiaratings.co.in

$: 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

INDIA RATINGS 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; RWN- Rating
Watch Negative;
RWN- Rating Watch Evolve.

(Mumbai Rate Reporting Unit + 91 22 6180 7222 / 3317 7222, E-mail at
rru.data@thomsonreuters.com)

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