June 11, 2018 / 3:41 AM / 2 months ago

India Ratings for Indian debt instruments – Jun 11

    Jun 11 (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
June 8, 2018.

COMPANY                         INSTRUMENT             RATING           AMOUNT   MOVEMENT
                                                                        (RS.MLN)
------                          ----------             ------           ------   ---------
SHORT TERM RATINGS:
-------------------
Agarwalla Teak International    Non-FB WC limits       IND A4           570      Downgraded
Pvt Ltd
Lendingkart Finance Ltd         CP (CP)*               IND A2           250      Assigned
* Yet to be issued
R V Plastic Ltd                 Non-FB BG              IND A4+          70       Upgraded

LONG TERM RATINGS:
-------------------
Agarwalla Teak International    FB WC limits           IND B+/IND A4    40       Downgraded
Pvt Ltd
Agarwalla Teak International    Long-TL                WD               30       Withdrawn
Pvt Ltd                                                                          (paid in full)
Basti Nagar Palika Parishad     Issuer rating          IND BB-                   Assigned
J.J. House Pvt Ltd              FB WC limits           IND BBB          99       Affirmed
J.J. House Pvt Ltd              FB WC limits*          IND BBB          51       Assigned
*The final rating is based on the sanction letter shared by JJH with Ind-Ra.
Kisan Oleochem & Derivatives    FB WC limits           IND BB/IND A4+   345
Pvt Ltd
Long-term Rating upgraded/Short-term rating affirmed
Lendingkart Finance Ltd         Bk loans               IND BBB+         1000     Assigned
Patna Bakhtiyarpur Tollway Ltd  Bk loans (LT)          IND D            7145.89  Affirmed
reduced from 7,308.26 mln
Platinum Trust February 2016    Second loss credit     IND A(SO)        208.1    Affirmed
(An Abs Transaction)            facility (SLCF)
Platinum Trust February 2016    Series A pass-through  IND AAA(SO)      1186.5   Affirmed
(An Abs Transaction)            certificates (PTCs)
R V Plastic Ltd                 FB limit               IND BB-/IND A4+  150      Upgraded
increased from 100 mln
Shriram Transport Finance Co.   Retail NCDs            IND AA+          50000    Assigned
Ltd
Ubl Trust 3’S (An Abs           Series A pass-through  IND A+(SO)       101.95   Affirmed
Transaction)                    certificates (PTCs)

-----------------------------------------------------------------------------------------------
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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