May 2, 2018 / 7:26 AM / 18 days ago

India Ratings for Indian debt instruments – May 2

    May 2 (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
April 30, 2018.

COMPANY                         INSTRUMENT             RATING         AMOUNT   MOVEMENT
------                          ----------             ------         ------   ---------
York Print Pvt Ltd              Non-FB limits          IND A3+          98       Affirmed

Aggarwal Automotive Pvt Ltd     FB limit               IND B-           300      Migrated to
Dneg Creative Services Pvt Ltd  FB WC Fac              IND A- /IND A2+  800      Upgraded
Dneg Creative Services Pvt Ltd  TL                                      600      Withdrawn
East North Interconnection Co.  NCDs                   IND AAA(SO)      8175     Affirmed
India Standard Loan Trust -XXIV Series A pass-through  IND AA(SO)       141      Affirmed
                                certificates (PTCs)
India Standard Loan Trust -XXIV Liquidity facility (LF)IND AAA(SO)      4.71     Affirmed
India Standard Loan Trust -XXIV Second loss credit     IND BBB(SO)      24.72    Affirmed
                                facility (SLCF)
Krishna Valley Power Pvt Ltd    TL (LT)                IND D            146.85   Migrated to
MIFL Securitisation Trust XV    Series A1 pass-through IND AA+(SO)      165.47   Upgraded
                                certificates (PTCs)
MIFL Securitisation Trust XV    Series A2 PTCs         IND AA+(SO)      2.44     Upgraded
MIFL Securitisation Trust XV    Liquidity facility (LF)IND AAA(SO)      5.25     Affirmed
MIFL Securitisation Trust XV    Second loss credit     IND BBB+(SO)     24.6     Upgraded
                                facility (SLCF)
MM Trust Mar 15 I               Series A PTCs          IND AA+(SO)      49.61    Affirmed
SRM Power Pvt Ltd               TL I (LT)              IND D            204.17   Migrated to
SRM Power Pvt Ltd               TL II (LT)             IND D            23.12    Migrated to
Vijay Jindal Builders Pvt Ltd   FB limit               IND BB+ /IND A4+ 60       Maintained in
Worldwide Tradelinks            FB limit               IND BB /IND A4+  300      Migrated to
York Print Pvt Ltd              FB limits              IND BBB          278      Affirmed
York Print Pvt Ltd              Long-TL                IND BBB          379.6    Affirmed
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

$: 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

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
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