Reuters logo
India Ratings for Indian debt instruments – Mar 22
March 22, 2017 / 4:42 AM / 8 months ago

India Ratings for Indian debt instruments – Mar 22

    Mar 22 (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 21, 2017.

COMPANY                         INSTRUMENT                  RATING       AMOUNT   MOVEMENT
                                                                         (RS.MLN)
------                          ----------                  ------       ------   ---------
SHORT TERM RATINGS:
-------------------
Anunay Fab                      Non-FB WC facility     IND A4           60       Assigned
Geetha Krishna Spinning Mills   Non-FB Fac             IND A4           40       Assigned
Premier Solar Systems           Non-FB WC limit        IND A3           440      Assigned
Premier Solar Systems           Proposed non-FB WC     Provisional IND  260      Assigned
                                limits*                A3
*The ratings are provisional and shall be confirmed upon the sanction and execution of loan
documents for the above facilities by SIPL to the satisfaction of Ind-Ra.
Vindeshwari Exim                Non-FB lim             IND A4           240      Affirmed

LONG TERM RATINGS:
-------------------
Anunay Fab                      FB WC facility         IND B+ / IND A4  792      Assigned
Balaji Greentech                FB WC facility         WD               120      Withdrawn 
Balaji Greentech                Non-FB WC facility     WD               30       Withdrawn 
Geetha Krishna Spinning Mills   TL                     IND B+           70       Assigned
Geetha Krishna Spinning Mills   FB Fac                 IND              120      Assigned
                                                       B+/Stable/IND A4
Mkhitaryan Sbl Ifmr Capital     Series A1 PTC (PTCs)   IND A+           1432.8   Assigned
Mkhitaryan Sbl Ifmr Capital     Series A2 PTCs         IND BB+          85.3     Assigned
Porbandar Solar Powe            NCDs                   IND AA+          105.5    Affirmed
Prajwal Promoters               TL                     IND B            195      Assigned
Premier Solar Systems           FB WC limits           IND BBB- / IND A3100      Assigned
Premier Solar Systems           Proposed FB WC limits* Provisional IND  100      Assigned
                                                       BBB- /
                                                       Provisional IND A3
*The ratings are provisional and shall be confirmed upon the sanction and execution of loan
documents for the above facilities by SIPL to the satisfaction of Ind-Ra.
Rj Texcot                       TL                     IND BBB-         1875     Assigned
Sansar Trust Feb 2017           Pass-through           IND AAA          424.1    Assigned
                                certificates
                                (PTCs)-Series A
Sansar Trust Feb 2017           Second loss credit     IND BBB          26.51    Assigned
                                facility (SLCF)
Standard Loan Trust Xlii        Series A Pass-through  IND A            1250.3   Assigned
                                certificates (PTCs)
Standard Loan Trust Xlii        Liquidity facility (LF)IND AAA          12.51    Assigned
Standard Loan Trust Xlii        Second loss credit     IND BBB          49.39    Assigned
                                facility (SLCF)
Standard Loan Trust Xliv        Liquidity facility (LF)Provisional IND  10.23    Assigned
                                                       AAA
Standard Loan Trust Xliv        Series A1 pass-through Provisional IND  297.5    Assigned
                                certificates (PTCs)    AAA
Standard Loan Trust Xliv        Series A2 PTCs         Provisional IND  725.24   Assigned
                                                       AAA
Standard Loan Trust Xliv        Second loss credit     Provisional IND  59.83    Assigned
                                facility (SLCF)        BBB
State Bank Of Patiala           Basel III Tier I bonds IND AA+          11.5     Assigned

-----------------------------------------------------------------------------------------------
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)

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