June 3, 2019 / 7:58 AM / 3 months ago

India Ratings for Indian debt instruments – Jun 3

    Jun 3 (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
May 31, 2019.

COMPANY                         INSTRUMENT             RATING        AMOUNT      MOVEMENT
                                                                    (RS.MLN)
------                          ----------             ------        ------      ---------
SHORT TERM RATINGS:
-------------------
Jalna Siddhivinayak Alloys Pvt  Non-FB limits          IND A4+          60       Migrated to
Ltd                                                                              non
                                                                                 Cooperating
                                                                                 category
Jubilant Infrastructure Ltd     Non-FB limits          IND A2+          150      Assigned
Kiran Impex Pvt Ltd             Non-FB WC limit        IND A4+          100      Downgraded
St Pipes And Tubes Co.          Non-FBL                IND A4+          150      Migrated to
                                                                                 non
                                                                                 Cooperating
                                                                                 category

LONG TERM RATINGS:
-------------------
Aditya Housing And              TL                     IND BB           330      Migrated to
Infrastructure Development                                                       non
Corporation Pvt Ltd                                                              cooperating
                                                                                 category
Aditya Housing And              Non-FB limits          IND BB/IND A4+   100      Migrated to
Infrastructure Development                                                       non
Corporation Pvt Ltd                                                              cooperating
                                                                                 category
Jalna Siddhivinayak Alloys Pvt  FB limits              IND BB-/IND A4+  595      Migrated to
Ltd                                                                              non
                                                                                 Cooperating
                                                                                 category
Jalna Siddhivinayak Alloys Pvt  Proposed TL            Provisional IND  200      Migrated to
Ltd                                                    BB-                       non
                                                                                 Cooperating
                                                                                 category
Jalna Siddhivinayak Alloys Pvt  Proposed FB limits     Provisional IND  85       Migrated to
Ltd                                                    BB-/ Provisional          non
                                                                                 Cooperating
                                                                                 category
Jubilant Enpro Pvt Ltd          FB WC facility*        -                20       Affirmed &
                                                                                 Withdrawn
* Affirmed at IND BBB-/Stable/IND A3 before withdrawal
Jubilant Enpro Pvt Ltd          Non-FB WC facility#    -                20       Affirmed &
                                                                                 Withdrawn
# Affirmed at IND A3 before withdrawa
Kiran Impex Pvt Ltd             FB WC limit            IND BB /IND A4+  90       Downgraded
Kisan Proteins Pvt Ltd          FB WC limits           IND B+           95       Migrated to
                                                                                 non
                                                                                 Cooperating
                                                                                 category
P.C. Dey And Son Distributors   FB limits              IND BB-          210      Migrated to
Pvt Ltd                                                                          non
                                                                                 Cooperating
                                                                                 category
P.C. Dey And Son Distributors   Proposed FB limits     Provisional IND  100      Migrated to
Pvt Ltd                                                BB-                       non
                                                                                 Cooperating
                                                                                 category
ST Pipes And Tubes Co.          FB limit               IND BB-/IND A4+  200      Migrated to
                                                                                 non
                                                                                 Cooperating
                                                                                 category
-----------------------------------------------------------------------------------------------
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