February 12, 2019 / 5:22 AM / 3 months ago

India Ratings for Indian debt instruments – Feb 12

    Feb 12 (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
February 11, 2019.

COMPANY                         INSTRUMENT                  RATING       AMOUNT   MOVEMENT
                                                                         (RS.MLN)
------                          ----------                  ------       ------   ---------
SHORT TERM RATINGS:
-------------------
Coromandel International Ltd    CP                     IND A1+          6        Assigned
Ecokrin Hygiene Pvt Ltd         Non-FB limit           IND A4+          30       -
(Issuer Not Cooperating) ;Migrated to non-cooperating category
Kalindi Ispat Pvt Ltd           Non-FB limits          IND A4+          10       -
(Issuer Not Cooperating) ;Migrated to non-cooperating category
Overseas Timber Corporation     Non-FB limits          IND A4           30       -
(Issuer Not Cooperating) ;Migrated to non-cooperating category
Quality Industries              Non-FB WC limits       IND A4+          100      -
(Issuer Not Cooperating) ;Migrated to non-cooperating category
Quality Tea Plantations Pvt Ltd Non-FB limit           IND A4+          7.5      -
(Issuer Not Cooperating) ;Migrated to non-cooperating category

LONG TERM RATINGS:
-------------------
Artson Engineering Ltd          Non-FB Fac             IND AA- /IND A1+ 150      Assigned
Ecokrin Hygiene Pvt Ltd         FB WC limit            IND BB-          27.5     -
(Issuer Not Cooperating) ;Migrated to non-cooperating category
Housing And Urban Development   GoI fully serviced     IND AAA          21.8     Assigned
Corporation Ltd                 bonds
Kalindi Ispat Pvt Ltd           FB limits              IND BB           117.5    -
(Issuer Not Cooperating) ;Migrated to non-cooperating category
Overseas Timber Corporation     FB WC limits           IND B            20       -
(Issuer Not Cooperating) ;Migrated to non-cooperating category
Quality Industries              TL                     IND BB+          2.73     -
(Issuer Not Cooperating) ;Migrated to non-cooperating category
Quality Industries              FB WC limits           IND BB+ / IND A4+150      -
(Issuer Not Cooperating) ;Migrated to non-cooperating category
Quality Tea Plantations Pvt Ltd FB WC limit            IND BB-          135      -
(Issuer Not Cooperating) ;Migrated to non-cooperating category
Quality Tea Plantations Pvt Ltd TL                     IND BB-          25.2     -
(Issuer Not Cooperating) ;Migrated to non-cooperating category
Ujjawala Power Pvt Ltd          Senior project Bk loansIND BBB          1584.7   -
(Issuer Not Cooperating); Maintained in Non-Cooperating Category
Vodafone Idea Ltd               CP                     WD               40       Withdrawn
-----------------------------------------------------------------------------------------------
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)
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