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India Ratings for Indian debt instruments – May 2
May 2, 2017 / 4:52 AM / 8 months ago

India Ratings for Indian debt instruments – May 2

    May 2 (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
May 1 and April 28, 2017.

COMPANY                         INSTRUMENT             RATING           AMOUNT   MOVEMENT
                                                                        (RS.MLN)
------                          ----------             ------           ------   ---------
SHORT TERM RATINGS:
-------------------
Anil Buildcon (I) Pvt Ltd       Non-FB limit           IND A3           280      Downgraded
Atul Generators Pvt Ltd         Non-FB WC limit        IND A4           11.18    Assigned
Chintpurni Steel Pvt Ltd        Non-FB WC limit        IND A4+          15       Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Hmm Infra Ltd                   Non-FB WC limit        IND A4+          230      Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Jtl Infra Ltd                   Non-FB WC limit        IND A4+          18.5     Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Shriniwas Engineering Auto      Non-FB Fac             IND A2           417.5    Upgraded
Components Pvt Ltd

LONG TERM RATINGS:
-------------------
Akbarpur Nagar Palika Parishad  LT Issuer Rating       IND BB                    Assigned
Anil Buildcon (I) Pvt Ltd       FB WC limit            IND BBB-         5        Downgraded
Atul Generators Pvt Ltd         TL                     IND B+           18.82    Assigned
Atul Generators Pvt Ltd         FB WC limit            IND B+/ IND A4   65       Assigned
Azure Hospitality Pvt Ltd       TL                     IND B-           40       Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Azure Hospitality Pvt Ltd       FB Fac                 IND B-/ IND A4   15       Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Bhadrashree Steel & Power Ltd   TL                     IND BB+          5.1      Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Bhadrashree Steel & Power Ltd   FB limit               IND BB+/ IND A4+ 122      Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Chintpurni Steel Pvt Ltd        LT loan                IND BB+          7.6      Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Chintpurni Steel Pvt Ltd        FB WC limit            IND BB+/ IND A4+ 150      Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Daulat Flour Mill               TL                     IND B            27       Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Daulat Flour Mill               FB limit               IND B/ IND A4    30       Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Daulat Flour Mill               Proposed FB WC limit   IND B/ IND A4    13       Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
Provisional (ISSUER NOT COOPERATING)
Guru Kirpa Tex Fab              TL                     IND B+           25       Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Guru Kirpa Tex Fab              FB limit               IND B+/ IND A4   30       Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Hdfc Da December 2010 - I       Second loss credit     IND A+ (SO)      281      Affirmed
                                facility (SLCF)
Hdfc Da December 2010 - I       Purchaser payouts      IND AAA (SO)     2073.8   Affirmed
Hmm Infra Ltd                   FB WC limit            IND BB/ IND A4+  115      Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Jtl Infra Ltd                   FB WC limit            IND BB/ IND A4+  250      Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Shriniwas Engineering Auto      TL                     IND BBB+         1518.5   Upgraded
Components Pvt Ltd
Shriniwas Engineering Auto      WC Fac                 IND BBB+         800      Upgraded
Components Pvt Ltd
Small Business Trust 2016       Series A1 PTC (PTCs)   IND AAA (SO)     276.5    Affirmed
Small Business Trust 2016       Series A2 PTCs         IND AAA (SO)     300.1    Affirmed
Sri Balachandra Vinayagar       TL                     IND B+           2.6      Assigned
Modern Rice Mill
Sri Balachandra Vinayagar       FB WC limits           IND B+/ IND A4   49.5     Assigned
Modern Rice Mill
Uttar Bharat Hydro Power Pvt LtdTL                     IND BB           1570     Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
Yogesh Trading Co.              FB WC limit            IND BB/ IND A4+  350      Migrated to
                                                                                 Non
                                                                                 -Cooperating
                                                                                 Category
(ISSUER NOT COOPERATING)
-----------------------------------------------------------------------------------------------
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)

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