Mar 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 March 28, 2018. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------ ---------- ------ ------ --------- SHORT TERM RATINGS: ------------------- Akshar Spintex Ltd Non-FB WC limits IND A4+ 13.5 Affirmed Anand Mine Tools Pvt Ltd Non-FB limits IND A4+ 16 Assigned Axis Finance Ltd CP (CP) IND A1+ 100000 Affirmed Axis Finance Ltd ST Bk loan IND A1+ 7000 Affirmed Rural Electrification ST borrowing programme IND A1+ 70000 Assigned Corporation Ltd (FY19)* *including commercial paper and bank guarantee Sangam Forgings Pvt Ltd Non-FB limits IND A4 15 Affirmed (reduced from INR45mln) Synergene Active Ingredients Non-FB WC limits IND A3 60 Affirmed Pvt Ltd Tasec Ltd Non-FBL IND A1+ 400 Upgraded (increased from INR350) Tata Advanced Systems Ltd Non-FBL IND A1+ 691 Upgraded (reduced from INR697.5mln) Tata Lockheed Martin Non-FBL IND A1+ 1155 Upgraded Aerostructures Ltd Tata Sikorsky Aerospace Ltd Non-FB limits IND A1+ 900 Upgraded from IND A1 (increased from INR150mln) LONG TERM RATINGS: ------------------- Akshar Spintex Ltd TL IND BB+ 242.7 Upgraded from IND BB Akshar Spintex Ltd FB WC limits IND BB+ 60 Upgraded from IND BB Anand Mine Tools Pvt Ltd FB WC limits IND BB 130 Affirmed (increased from INR60mln) Anand Mine Tools Pvt Ltd TL IND BB 27.5 Affirmed (reduced from INR40.15mln) Anand Mine Tools Pvt Ltd Proposed FB WC limits* Provisional IND 40 Assigned BB *The rating is provisional and shall be confirmed upon the sanction and execution of loan documents for the above facilities by AMTPL to the satisfaction of Ind-Ra. Axis Finance Ltd LT Bk loan IND AAA 33000 Affirmed Axis Finance Ltd Tier II subordinated IND AAA 8000 Affirmed bonds Axis Finance Ltd NCDs (NCDs) IND AAA 9146 Affirmed Axis Finance Ltd NCDs IND AAA 8000 Assigned Bambino Agro Industries Ltd TL IND BBB- 472 Assigned Bambino Agro Industries Ltd FB WC limit WD 417 Withdrawn(Paid in full) Bambino Agro Industries Ltd Non-FB WC limit WD 18.5 Withdrawn(Paid in full) Bambino Agro Industries Ltd TL WD 143.5 Withdrawn(Paid in full) Bambino Agro Industries Ltd Standby line of credit WD 33 Withdrawn(Paid in full) Blue Wheel National Health Care Bk loans IND BB- 540 Assigned & Educational Trust Cholamandalam Investment And Lower tier 2 sub-debt IND AA+ 7000 Assigned Finance Co. Ltd Ford India Pvt Ltd WC Bk Fac IND AAA /IND A1+ 11000 Assigned Ford India Pvt Ltd Proposed WC Bk Fac* Provisional IND 5000 Assigned AAA /Provisional IND A1+ *The ratings are provisional and shall be confirmed upon the sanction and execution of loan documents for the above facilities by FIPL to the satisfaction of Ind-Ra. Ford Motor Pvt Ltd Proposed WC Bk Fac Provisional IND 2000 Assigned AAA/ Provisional IND A1+ Idfc Bank Ltd Bonds* IND AAA/RWN 312610 Maintains RWN (reduced from INR325.2bln)/*denotes non-convertible debentures Idfc Bank Ltd Infra bonds* IND AAA/RWN 100000 Maintains RWN (increased from INR90.7bln)/*denotes non-convertible debentures Manohar Infrastructure And TL IND BBB 900 Assigned Constructions Pvt Ltd Mittal Clothing Pvt Ltd TL IND BB- 14.27 Downgraded from IND BB (reduced from INR17.5mln) Mittal Clothing Pvt Ltd FB WC facility (CC) IND BB- 43.23 Downgraded from IND BB Mm Trust Dec 15 Series A PTCs IND AA+(SO) 421.91 Affirmed Mytrah Vayu (Krishna) Pvt Ltd Rupee TL IND A(SO) 6550 Assigned Mytrah Vayu (Krishna) Pvt Ltd WC facility IND A(SO) 235.4 Assigned Mytrah Vayu (Pennar) Pvt Ltd Rupee TL IND A(SO) 2672 Assigned Mytrah Vayu (Pennar) Pvt Ltd WC facility IND A(SO) 120 Assigned Nova Integrated Systems Ltd TL IND AA- 100 Upgraded Nova Integrated Systems Ltd FB WC limits IND AA- /IND A1+ 100 Upgraded Nova Integrated Systems Ltd Non-FBL IND AA- /IND A1+ 590 Upgraded Rico Auto Industries Ltd TL/LOC IND A- 1200 Assigned Rural Electrification LT annual borrowing IND AAA 530000 Assigned Corporation Ltd programme (FY19) Saa Vishnu Bakers Pvt Ltd FB WC limit IND BB+ 40 Affirmed Saa Vishnu Bakers Pvt Ltd FB WC limit* IND BB+ 37.5 Assigned * The final rating is based on the receipt of sanction letter by Ind-Ra./(reduced from INR50mln) Saa Vishnu Bakers Pvt Ltd TL IND BB+ 346.2 Affirmed (increased from INR118.24mln) Sangam Forgings Pvt Ltd FB limits IND B 30 Affirmed (reduced from INR60mln) Sansar Trust Feb 2016 Ii Second loss credit IND A-(SO) 74.3 Affirmed facility SLCF Sansar Trust Feb 2016 Ii Series A pass-through IND AAA(SO) 217.79 Affirmed certificates (PTCs) Satia Industries Ltd TL IND BBB+ 1416 Upgraded from IND BBB Satia Industries Ltd FB Bk limits IND BBB+ /IND A2 850 Upgraded Satia Industries Ltd Non-FB Bk limits IND BBB+ /IND A2 460 Upgraded Sm-Jdb Estate Pvt. Ltd. TL IND BB- 800 Migrated to Non Cooperating Category ISSUER NOT COOPERATING Sunahri Multi Grain Pvt Ltd FB WC limits IND BB- 65 Upgraded from IND B+ Sunahri Multi Grain Pvt Ltd TL IND BB- 39.18 Upgraded from IND B+ Synergene Active Ingredients FB WC limits IND BBB- 200 Affirmed Pvt Ltd Synergene Active Ingredients Long-TL IND BBB- 54 Affirmed Pvt Ltd (reduced from INR62.3mln) Tasec Ltd FB WC limits IND AA- /IND A1+ 200 Upgraded (increased from INR150) Tata Advanced Systems Ltd FB WC limits IND AA- 1050 Upgraded from IND A Tata Advanced Systems Ltd TL IND AA- 655.5 Upgraded from IND A (reduced from INR752.5mln) Tata Lockheed Martin FB WC limits WD 600 Withdrawn(Paid Aerostructures Ltd in full) Tata Sikorsky Aerospace Ltd FB WC limits IND AA- 1180 Upgraded from IND A (increased INR930mln) Tata Sikorsky Aerospace Ltd TL IND AA- 629 Upgraded from IND A Tata Sikorsky Aerospace Ltd TL IND AA- 700 Upgraded from IND A Ubl Trust 4 Series A pass-through IND A+(SO) 486.76 Affirmed certificates (PTCs) Vivriti Timo 003 2018 Series A1 pass-through Provisional IND 392.03 Assigned certificates (PTCs) A(SO) Vivriti Timo 003 2018 Series A2 PTCs Provisional IND 4.36 Assigned BBB+(SO) ----------------------------------------------------------------------------------------------- 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)