July 14, 2015 / 3:50 AM / in 2 years

India Ratings for Indian debt instruments - Jul 14

Jul 14 (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
July 13, 2015.

COMPANY                         INSTRUMENT                  RATING       AMOUNT   MOVEMENT
------                          ----------                  ------       ------   ---------
Aikya Chemicals Pvt Ltd         Non-FB limits              IND A4+      10       Assigned
Au Housing Finance Ltd          CP programme               IND A1+      1000     Assigned
Chetan Overseas (Delhi) Pvt     Non-FB limits              IND A4+      120      Assigned
Manipal Health Enterprises      NFB WC limits              IND A1       500      Affirmed
Pvt Ltd

Aikya Chemicals Pvt Ltd         TL                         IND BB-      194.8    Assigned
Aikya Chemicals Pvt Ltd         FB WC limits               IND BB-      45       Assigned
Au Housing Finance Ltd          NCD                        IND A+       2000     Assigned
(increased from INR1,000m)
Chetan Overseas (Delhi) Pvt     FB Fac                     IND BB-/     180      Assigned
Ltd                                                        IND A4+
Manipal Health Enterprises      NCDs                       IND A-       1000     Withdrawn
Pvt Ltd
Manipal Health Enterprises      TL                         IND A+       3000     Upgraded from
Pvt Ltd                                                                          IND A-
(reduced from INR3,263.2m)
Manipal Health Enterprises      NCDs                       IND A+       12000    Assigned
Pvt Ltd
Manipal Health Enterprises      FB WC limits               IND A+ /     450      Upgraded from 
Pvt Ltd                                                    IND A1                IND A-/Affirmed
Rosa Power Supply Co. Ltd       Additional senior          IND A+       10750    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 The withdrawn criteria are now available on India Ratings' website at

$: 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wd -Rating Stands Withdrawn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

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 Positive.

(Mumbai Rate Reporting Unit + 91 22 6180 7222 / 3317 7222, E-mail at

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