October 10, 2019 / 5:15 AM / 4 days ago

India Ratings for Indian debt instruments – Oct 10

   Oct 10 (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
October 9, 2019.

COMPANY                         INSTRUMENT             RATING           AMOUNT   MOVEMENT
                                                                       (RS.MLN)
------                          ----------             ------           ------   ---------
SHORT TERM RATINGS:
-------------------
Pre Unique (I) Pvt Ltd          Non-FB WC limit        IND A4           100      Affirmed
Sbi Funds Management Pvt Ltd.   SBI Overnight Fund     IND A1+mfs                Assigned
Siksha 'O' Anusandhan           Non-FB limit           IND A3+          415.5    Upgraded
Siksha 'O' Anusandhan           Proposed  non-FB limit Provisional IND  84.5     Assigned
                                                       A3+
Small Industries Development    CP                     IND A1+          216000   Affirmed
Bank Of India
LONG TERM RATINGS:
-------------------
Capfloat Financial Services Pvt Bk loans               IND BBB/Stable   5000     Assigned
Ltd
IIERT December 2016             Series A pass-through  IND AA(SO)/RWN   195.3
                                certificates (PTCs)
(Placed on RWN)
IIERT December 2017             Series A pass-through  IND AA(SO)/RWN   728.6
                                certificates (PTCs)
(Placed on RWN)
IIERT January 2019              Series A pass-through  IND AA(SO)/RWN   1178.1
                                certificates (PTCs)
(Placed on RWN)
IIERT June 2018                 Series A pass-through  IND AA(SO)/RWN   872.1
                                certificates (PTCs)
(Placed on RWN)
IIERT March 2017                Series A pass-through  IND AA(SO)/RWN   308.4
                                certificates (PTCs)
(Placed on RWN)
IIERT March 2018                Series A pass-through  IND AA(SO)/RWN   810.27
                                certificates (PTCs)
(Placed on RWN)
IIERT October 2018              Series A pass-through  IND AA(SO)/RWN   751.2
                                certificates (PTCs)
(Placed on RWN)
IIERT September 2017            Series A pass-through  IND AA(SO)/RWN   559.9
                                certificates (PTCs)
(Placed on RWN)
Kayaar Exports Pvt Ltd          FB WC limit            IND              90       Affirmed
                                                       BBB/Stable/IND
                                                       A3+
Northern Arc 2019 Mfi Kosmo     Series A1 pass-through IND A(SO)/Stable 249.99   Assigned
                                certificates (PTCs)
Northern Arc 2019 Mfi Kosmo     Series A2 PTCs         IND              8.52     Assigned
                                                       BBB+(SO)/Stable
Pre Unique (I) Pvt Ltd          FB WC limit            IND B/Stable/IND 10       Affirmed
                                                       A4
Siksha 'O' Anusandhan           TL                     IND BBB/Stable   2797.8   Upgraded
(increased from INR1,742.30 mlns)
-----------------------------------------------------------------------------------------------
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