Reuters logo
India Ratings for Indian debt instruments - Oct 14
October 14, 2016 / 4:16 AM / a year ago

India Ratings for Indian debt instruments - Oct 14

Oct 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
October 13, 2016.

COMPANY                         INSTRUMENT                  RATING       AMOUNT   MOVEMENT
------                          ----------                  ------       ------   ---------
Aditya Vidyut Appliances        Non-FB limits          IND A3+          1124     Withdrawn
Aditya Vidyut Appliances        Non-FB limits          Provisional IND  135      Withdrawn
Indexone Infracon & Logistics   Non-FB limits          Provisional IND  100      Withdrawn
Indexone Infracon & Logistics   Non-FB limits          IND A4+          200      Suspended
Ketan Construction              Non-FB WC limits       IND A3+          5010     Migrated from
                                                       (suspended)               IND A3+
Rika Global Impex               Non-FB limits          IND A3           100      Suspended
Standard Infratech India        Non-FB Fac             IND A3           260      Assigned

Aditya Vidyut Appliances        TL                     IND BBB          31.7     Suspended
Aditya Vidyut Appliances        FB WC limits           IND BBB          395      Suspended
Aditya Vidyut Appliances        FB WC limits           Provisional IND  45       Withdrawn
Indexone Infracon & Logistics   FB limits              Provisional IND  50       Withdrawn
Kaithal Tollway                 Senior project Bk loan IND A-           14000    Affirmed
Ketan Construction              FB WC limit            IND BB-          1050     Migrated from
                                                       (suspended)               IND BBB
Rika Global Impex               FB limits              IND BBB-/A3      1850     Suspended
Sri Balasai Ginning             TL Limits              IND B-           37       Assigned
Sri Balasai Ginning             FB WC limits           IND B-/A4        20       Assigned
Standard Infratech India        FB Fac                 IND BBB-         90       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 The withdrawn criteria are now available on India Ratings' website at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 Evolve.

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

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