November 15, 2018 / 4:54 AM / a month ago

India Ratings for Indian debt instruments – Nov 15

    Nov 15 (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
November 14, 2018.

COMPANY                         INSTRUMENT             RATING          AMOUNT   MOVEMENT
                                                                      (RS.MLN)
------                          ----------             ------          ------   ---------
SHORT TERM RATINGS:
-------------------
Goel Minerals And Chemicals     Non-FB WC limit        IND A3           198
Maintained in Non-Cooperating Category; (Issuer Not Cooperating)
Hans Industries Pvt Ltd         Non-FB limits          IND A3           70       Assigned
Mehta Intertrade Steels Pvt Ltd Non-FB limits          IND A4+          700
Maintained in Non-Cooperating Category; (Issuer Not Cooperating)
Pallavi Motors Pvt Ltd          Non-FB limits          IND A4+          25
Migrated to non-cooperating category; (Issuer Not Cooperating)
Smartchem Technologies Ltd      Non-FB limits (Bk Fac) IND A1+          1000     Affirmed
     
LONG TERM RATINGS:
-------------------
Au Small Finance Bank Ltd       Tier II Bonds*         IND AA-          5000     Assigned
* Yet to be issued
Hans Industries Pvt Ltd         FB limits              IND BBB-         350      Assigned
Kec Bikaner Sikar Transmission  Rupee TL               IND A/RWE        1710     Placed on RWE
Pvt Ltd
Knr Chidambaram Infra Pvt Ltd   TL                     IND A            1820     Assigned
Knr Tirumala Infra Pvt Ltd      TL                     IND A            5730     Assigned
Mansarovar Pearls India Pvt Ltd FB WC limits           IND BBB- /IND A3 350
Migrated to non-cooperating category; (Issuer Not Cooperating)
Mansarovar Pearls India Pvt Ltd Proposed FB WC limits  Provisional IND  150
                                                       BBB- /
                                                       Provisional IND A3
Migrated to non-cooperating category; (Issuer Not Cooperating)
Mehta Intertrade Steels Pvt Ltd TL                     IND BB           45
Maintained in Non-Cooperating Category; (Issuer Not Cooperating)
Mehta Intertrade Steels Pvt Ltd FB limits              IND BB /IND A4+  100
Maintained in Non-Cooperating Category; (Issuer Not Cooperating)
Pallavi Motors Pvt Ltd          FB WC limits           IND BB+          200
Migrated to non-cooperating category; (Issuer Not Cooperating)
Pallavi Motors Pvt Ltd          Long-TL                IND BB+          21.6
Migrated to non-cooperating category; (Issuer Not Cooperating)
Spectrum Coal And Power Ltd     Long-TL                IND A+           8250     Assigned
Spectrum Coal And Power Ltd     Non-FB WC limits       IND A+ /IND A1   2100     Assigned
Spectrum Coal And Power Ltd     FB WC limits           IND A+/IND A1    1250     Assigned
Sriram Compounds                FB WC limit            IND BBB- /IND A3 25
Maintained in Non-Cooperating Category; (Issuer Not Cooperating)
Sriram Compounds                Non-FB WC limit        IND BBB- /IND A3 35
Maintained in Non-Cooperating Category; (Issuer Not Cooperating)
-----------------------------------------------------------------------------------------------
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;RWE- Rating Watch Evolving.
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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