December 18, 2019 / 5:07 AM / a month ago

India Ratings for Indian debt instruments – Dec 18

    Dec 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
December 17, 2019.

COMPANY                         INSTRUMENT             RATING           AMOUNT   MOVEMENT
                                                                        (RS.MLN)
------                          ----------             ------           ------   ---------
SHORT TERM RATINGS:
-------------------
Columbia Petro Chem Pvt Ltd     Non FB limits*         IND A2+          1930
reduced from INR 5,580 mln; (Issuer Not Cooperating); Migrated to non-cooperating category; *
Partial amount has been withdrawn as the agency has received a no-objection certificate from the
lender.

LONG TERM RATINGS:
-------------------
Aria Hotels And Consultancy     FB WC limits           IND BBB/         75
Services Pvt Ltd                                       Positive / IND
                                                       A3+
Affirmed; Outlook revised to Positive
Aria Hotels And Consultancy     TL                     IND BBB/Positive 5576.02
Services Pvt Ltd
reduced from INR5,742.85 mln; Affirmed; Outlook revised to Positive
Asian Hotels (West) Ltd         TL                     IND BBB/         2267.08
                                                       Negative 
reduced from INR2,304 mln; Affirms, Outlook revised to Negative
Asian Hotels (West) Ltd         FB  WC limits          IND BBB/         270
                                                       Negative / IND
                                                       A3+
Affirms, Outlook revised to Negative
Columbia Petro Chem Pvt Ltd     FB limits*             IND A-/ IND A2+  120
reduced from INR330 mln; (Issuer Not Cooperating); Migrated to non-cooperating category; *
Partial amount has been withdrawn as the agency has received a no-objection certificate from the
lender.
Columbia Petro Chem Pvt Ltd     Proposed LT Bk fac     Provisional IND  340
                                                       A-
(Issuer Not Cooperating); Migrated to non-cooperating category
Columbia Petro Chem Pvt Ltd     Proposed ST Bk fac     Provisional IND  500
                                                       A-/ Provisional
                                                       IND A2+
(Issuer Not Cooperating); Migrated to non-cooperating category
Kalyanalakshmi Shopping Mall    FB WC limits           IND B/ Stable/   117.5
                                                       IND A4
increased from INR100 mln; Long-term downgraded, Short-term affirmed
Kalyanalakshmi Shopping Mall    Proposed FB WC limits  WD               20
Withdrawn (the company did not proceed with the instrument as envisaged)
-----------------------------------------------------------------------------------------------
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@refinitiv.com)
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