(Repeating to change the format)
Apr 6 (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 5, 2018.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------ ---------- ------ ------ ---------
SHORT TERM RATINGS:
-------------------
Aanchal Collection Ltd Non-FB WC limit IND A4 15 Affirmed
Anupam Udyog NFBL IND A4+ 65 -
(Migrated to Non - Cooperating Category,ISSUER NOT COOPERATING)
Bcits Pvt Ltd Non-FB WC limit IND A3 290 Assigned
Chabbra’S Associates NFBL IND A4+ 200 Affirmed
Coromandel Agro Products And NFBL IND A4+ 1 Affirmed
Oils Ltd
Housing And Urban Development CPs# IND A1+ 65000 Assigned
Corporation Ltd
# Short-term debt
Hsbc Investdirect Financial ST debt (CPs; CPs)* IND A1+ 10000 Affirmed
Services (I) Ltd
* No active issuances
Ifb Agro Industries Ltd NFBL IND A1+ 50 Affirmed
Kribhco Fertilizers Ltd CP* IND A1+ 6000 Affirmed
* The CP will be carved out of fund-based limits.
Mahindra Sanyo Special Steel Non-FB facility IND A2+ 2400 Affirmed
Pvt Ltd
Metal & Tubes Ltd NFBL IND A4+ 330 -
(Migrated to Non - Cooperating Category,ISSUER NOT COOPERATING)
Multitex Filtration Engineers Non-FB limits IND A3 600 Affirmed
Ltd
Sarthi Construction NFBL IND A3 162 -
(Migrated to Non - Cooperating Category,ISSUER NOT COOPERATING)
LONG TERM RATINGS:
-------------------
Aanchal Collection Ltd FB WC limit IND B+ 150 Affirmed
(increased from INR135 CR)
Aanchal Collection Ltd FB limits IND B+ 135 Assigned
Aegis Customer Support Services TL IND BB/RWP 60 Assigned
Pvt Ltd
Aegis Customer Support Services FB WC limits IND BB/RWP/IND 1090 Assigned
Pvt Ltd A4+/RWP
Aegis Customer Support Services Non-FB WC limits IND BB/RWP/IND 590 Assigned
Pvt Ltd A4+/RWP
Anupam Udyog FBL IND BB- 15 -
(Migrated to Non - Cooperating Category,ISSUER NOT COOPERATING)
Bcits Pvt Ltd Long-TL IND BBB- 20.7 Assigned
Bcits Pvt Ltd FB WC limit IND BBB- / IND A350 Assigned
Chabbra’S Associates FBL IND BB 135 Affirmed
Coromandel Agro Products And TL IND BB- 10.14 Affirmed
Oils Ltd
(reduced from INR28.657)
Coromandel Agro Products And FBL IND BB- 220 Affirmed
Oils Ltd
Cybercity Builders & Developers TL IND BB+ 1750 Assigned
Pvt Ltd
Housing And Urban Development LT borrowing programme IND AAA 724.5 Assigned
Corporation Ltd
Hsbc Investdirect Financial LT debt (NCDs; NCDs)* IND AAA 5000 Affirmed
Services (I) Ltd
* No active issuances
Ib - Inabensa FB limits IND B+ 110 -
(Migrated to Non - Cooperating Category,ISSUER NOT COOPERATING)
Ib - Inabensa Non-FB limits IND B+ 100 -
(Migrated to Non - Cooperating Category,ISSUER NOT COOPERATING)
Ifb Agro Industries Ltd TL IND A+ 305 Affirmed
(reduced from INR429)
Ifb Agro Industries Ltd CCL IND A+ 500 Affirmed
Ifb Agro Industries Ltd FBL IND A+ / IND A1+ 250 Affirmed
Mahindra Sanyo Special Steel TL IND BBB+ 820 Affirmed
Pvt Ltd
Mahindra Sanyo Special Steel FB WC limits IND BBB+ / IND 1300 Affirmed
Pvt Ltd A2+
Metal & Tubes Ltd FBL IND BB / IND A4+ 300 -
(Migrated to Non - Cooperating Category,ISSUER NOT COOPERATING)
Multitex Filtration Engineers FB limits IND BBB- / IND A3140 Affirmed
Ltd
Nemcare Hospitals Pvt Ltd TL (LT) IND D 490 Downgraded
from IND BB
Rashtriya Chemicals And Proposed NCDs (NCDs)* IND AA 5000 Assigned
Fertilizers Ltd
* The rating is provisional and shall be confirmed upon the sanction and execution of loan
documents for the above facilities by RCF to the satisfaction of Ind-Ra.
Sarthi Construction FBL IND BBB- 14 -
(Migrated to Non - Cooperating Category,ISSUER NOT COOPERATING)
Shreejee Sarees Pvt. Ltd. FBL IND BB 90 -
(Migrated to Non - Cooperating Category,ISSUER NOT COOPERATING)
Shreejee Sarees Pvt. Ltd. Proposed FB limit IND BB 20 -
(Migrated to Non - Cooperating Category,ISSUER NOT COOPERATING)
Speciality Silica Pvt Ltd TL IND BB 14.9 Upgraded from
IND BB-
Speciality Silica Pvt Ltd TL IND BB 34 Assigned
Speciality Silica Pvt Ltd FB WC IND BB / IND A4+ 47.5 Upgraded from
IND
BB-/Affirmed
Speciality Silica Pvt Ltd FB WC* IND BB / IND A4+ 30 Upgraded from
IND
BB-/Affirmed
* The final rating is based on the receipt of sanction letter by Ind-Ra for INR30 Fund-based
working capital as the ratings are assigned from provisional to final.
Speciality Silica Pvt Ltd TL WD 1.61 Withdrawn
(paid in full)
Sv Spinners Pvt Ltd TL IND BB- 162 Assigned
Sv Spinners Pvt Ltd FB WC limit IND BB- / IND A4+145 Assigned
Torrent Pharmaceuticals Ltd NCDs (NCDs)* IND AA 10000 Assigned
Torrent Pharmaceuticals Ltd TL IND AA 16000 Assigned
Yatharth Hospital And Trauma TL IND BB+ 430 Upgraded from
Care Services Pvt Ltd IND BB
(reduced from INR465)
Yatharth Hospital And Trauma FBL IND BB+ / IND A4+70 Upgraded from
Care Services Pvt Ltd IND BB /
Affirmed
(increased from INR35)
-----------------------------------------------------------------------------------------------
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)