August 18, 2017 / 5:01 AM / 10 months ago

India Ratings for Indian debt instruments – Aug 18

   Aug 18 (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
August 17, 2017.

COMPANY                         INSTRUMENT             RATING          AMOUNT   MOVEMENT
------                          ----------             ------          ------   ---------
Cee Dee Vacuum Equipment Pvt    Non-FB Fac             IND A4+          185      Assigned
Laxmi Construction              Non-FB WC              IND A3+          460      Assigned
Shri Saravana Industries Pvt    Non-FB limits          IND A4           253      Assigned

Aspam Academy Noida             TL                     IND BBB-         600      Migrated to
                                                                                 Non -
Cee Dee Vacuum Equipment Pvt    TL                     IND BB+          45       Assigned
Cee Dee Vacuum Equipment Pvt    FB Fac                 IND BB+ /IND A4+ 90       Assigned
D.A.R. Paradise Pvt Ltd         FB WC limit            IND BB           200      Migrated to
                                                                                 Non -
Ganeshvani Merchandise Pvt Ltd  Senior project Bk loan                  335      Withdrawn
Hardcastle Restaurants Pvt Ltd  FB WC limits           IND A- /IND A1   500      Assigned
Laxmi Construction              FB WC                  IND BBB /IND A3+ 40       Assigned
Next Generation Charitable TrustTL                     IND BB-          53.11    Assigned
Nri Educational Society         TL                     IND BB           10       Assigned
Nri Educational Society         Overdraft facility     IND BB           48.85    Assigned
Rajendra Kumar Surekha & Others TL                     IND BB-          97.5     Assigned
Shri Saravana Industries Pvt    FB WC                  IND B+ /IND A4   45       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 The withdrawn criteria are now available on India Ratings' website at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wd -Rating Stands Withdrawn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
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