August 29, 2018 / 4:38 AM / in 3 months

India Ratings for Indian debt instruments – Aug 29

   Aug 29 (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 28, 2018.

COMPANY                         INSTRUMENT             RATING       AMOUNT      MOVEMENT
                                                                    (RS.MLN)
------                          ----------             ------        ------     ---------
SHORT TERM RATINGS:
-------------------
Chetas Control Systems Pvt Ltd  Non-FB limits          IND A2           550      Assigned
Kaveri Engineering Projects Pvt Non-FB WC limit        IND A4+          245      Affirmed
Ltd
Kaveri Engineering Projects Pvt Proposed non-FB WC     Provisional  IND 155      Assigned
Ltd                             limit*                 A4+
* The ratings are provisional and shall be confirmed upon the sanction and execution
 of the loan documents for the above facilities by KEPPL to the satisfaction of Ind-Ra.
LONG TERM RATINGS:
-------------------
Chetas Control Systems Pvt Ltd  FB Fac                 IND BBB          10       Assigned
India Standard Loan Trust -     Series A pass-through  IND A (SO)       -        Affirmed
XXVII                           certificates (PTCs)
India Standard Loan Trust -     Liquidity facility (LF)IND AAA(SO)      -        Affirmed
XXVII
India Standard Loan Trust -     Second loss credit     IND BBB(SO)      -        Affirmed
XXVII                           facility (SLCF)
Kaveri Engineering Projects Pvt FB WC limits           IND BB+ /IND A4+ 55       Long-term
Ltd                                                                              rating
                                                                                 upgraded;
                                                                                 Short-term
                                                                                 rating 
                                                                                 affirmed
Kaveri Engineering Projects Pvt Proposed FB WC limit*  Provisional IND  145      Assigned
Ltd                                                    BB+ /Provisional
                                                       IND A4+
* The ratings are provisional and shall be confirmed upon the sanction and execution 
of the loan documents for the above facilities by KEPPL to the satisfaction of Ind-Ra.
Kotkapura Muktsar Tollways Pvt  Senior project Bk loan IND D            750      Migrated to
Ltd                                                                              non
                                                                                 cooperating 
                                                                                 category
M/S George Maijo Industries Pvt FB Fac                 IND BB-/IND A4+  100      Migrated to
Ltd                                                                              non
                                                                                 cooperating 
                                                                                 category
M/S Magnolia Ltd                TL                     IND BB+          23.95    Migrated to
                                                                                 non
                                                                                 cooperating 
                                                                                 category
M/S Magnolia Ltd                FB Fac                 IND BB+/IND A4+  65       Migrated to
                                                                                 non
                                                                                 cooperating 
                                                                                 category
Sobha Projects And Trade Pvt Ltd Long-TL               IND BB+          250      Assigned
Sobha Projects And Trade Pvt Ltd FB Fac                IND BB+/IND A4+  390      Affirmed
Sobha Projects And Trade Pvt Ltd Non-FB Fac            IND BB+/IND A4+  360      Affirmed
Sobha Projects And Trade Pvt Ltd Proposed FB Fac*      Provisional IND  50       Affirmed
                                                       BB+/Provisional
                                                       IND A4+
* The ratings are provisional and shall be confirmed upon the sanction and
 execution of loan documents for the above facilities by SPTPL
Sobha Projects And Trade Pvt Ltd Proposed non-FB Fac*  Provisional IND  450      Affirmed
                                                       BB+/Provisional
                                                       IND A4+
* The ratings are provisional and shall be confirmed upon the sanction and execution 
of loan documents for the above facilities by SPTPL to the satisfaction of Ind-Ra. 
-----------------------------------------------------------------------------------------------
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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