Oct 28 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of October 27, 2016. COMPANY
INSTRUMENT
RATING
AMOUNT MOVEMENT
(RS.MLN) -------
----------
------
------- --------- SHORT TERM RATINGS: ------------------- Agrawal Construction Company
ST Bk Fac
CARE A4
25
Assigned CESC (NS:CESC) Ltd
ST Bk Fac
CARE A1+
2500
Reaffirmed CESC Ltd
CP (CP) Issue*
CARE A1+
1300
Reaffirmed *CESC maintains that the aggregate outstanding under CP and cash credit shall be within the sanctioned fund based limit Grasim Industries (NS:GRAS) Ltd
ST Bk Fac
CARE A1+
4000
Reaffirmed Grasim Industries Ltd
CP (CP) issue*
CARE A1+
5000
Reaffirmed (Reduced from Rs.1,250 crore) *Interchangeable between CP issue of Rs.1,250 crore and Short Term Bank Loan (STL) of equivalent amount. Infrastructure Leasing & Financial
CP issue / ST debt CARE A1+
9750
Reaffirmed Services Ltd.
programme International Trade Links Pvt Ltd
ST Bk Fac
CARE A4
3
Reaffirmed Keventer Agro Ltd
ST Bk Fac
CARE A3
499
Reaffirmed (Enhanced from 42.90 Cr) Maa Uttar Bahini Agro Industries Pvt ST Bk Fac
CARE A4
2.8
Assigned Ltd Orient Abrasives Ltd
ST Bk Fac
CARE A1
130
Revised from
CARE A1+ (enhanced from Rs. 10 crore ) Skipper Ltd
CP (CP) Issue*
CARE A1+
500
Revised from
CARE A1 *carved out of the sanctioned working capital limits of the company Success Exim Pvt Ltd
ST Bk Fac
CARE A4
110
Reaffirmed TRV Global Exports Pvt Ltd
ST Bk Fac
CARE A4
140
Reaffirmed Zee Entertainment (NS:ZEE) Enterprises Ltd
ST Bk Fac
CARE A1+
800
Reaffirmed LONG TERM RATINGS: ------------------- Agrawal Construction Company
LT Bk Fac
CARE BB-
25
Assigned Basant City Centre Malls Pvt. Ltd.
LT Bk Fac
CARE BB-
100
Reaffirmed CESC Ltd
LT Bk Fac
CARE AA
14576.2 Reaffirmed (enhanced from 1,207.62 Cr) Chaitanya India Fin Credit Pvt Ltd
LT Bk Fac
CARE BBB-
150.3 Revised from
CARE BB+ (reduced from 21.84 crore) Fast Track Cfs Pvt Ltd
LT Bk Fac
CARE B+
130
Assigned Grasim Industries Ltd
LT Bk Fac
CARE AAA
17500 Reaffirmed Grasim Industries Ltd
NCD issue (LT
CARE AAA
3500
Reaffirmed
umbrella rating) Himalayan Heli Services Pvt Ltd
LT Bk Fac
CARE BB+
186.7 Reaffirmed Infrastructure Leasing & Financial
NCD
CARE AAA
65665.4 Reaffirmed Services Ltd. Infrastructure Leasing & Financial
Subordinated Debt CARE AAA
68.5
Reaffirmed Services Ltd. Infrastructure Leasing & Financial
PS
CARE AAA(RPS) 15000 Reaffirmed Services Ltd. International Trade Links Pvt Ltd
LT Bk Fac
CARE BB-
245.5 Revised from
CARE B+ Jammu & Kashmir Bank Ltd
Lower Tier II BondsCARE AA-
6000
Reaffirmed Keventer Agro Ltd
LT Bk Fac
CARE BBB-
985.6 Reaffirmed (Enhanced from 95.88 Cr) Keventer Agro Ltd
LT / ST Bk Fac
CARE BBB-/CARE 551.5 Reaffirmed
A3 (Enhanced from 45.15 Cr) Maa Uttar Bahini Agro Industries Pvt LT Bk Fac
CARE B+
34.6
Assigned Ltd Marudhar Polysacks Pvt Ltd
LT Bk Fac
CARE BB
140
Assigned Mehrab N Irani And Company
LT Bk Fac
CARE BB-
125
Assigned Nigam Cold Storage Pvt Ltd
LT Bk Fac
CARE B+
45
Reaffirmed Orient Abrasives Ltd
LT Bk Fac
CARE A
1110
Reaffirmed (enhanced from Rs. 55 crore) Pudhuaaru Financial Services Pvt Ltd LT Bk Fac
CARE BBB-
440.1 Reaffirmed Pudhuaaru Financial Services Pvt Ltd LT / ST Bk Fac
CARE BBB-/CARE 1559.9 Reaffirmed
A3 Saveera Hospital Pvt Ltd
LT Bk Fac
CARE BB
383.9 Revised from
CARE BB- (enhanced from 35 Cr) Shivani Cotex Pvt Ltd
LT Bk Fac
CARE B+
120
Suspension
Revoked and
Reaffirmed Siti Networks Ltd (Formerly Known As LT Bk Fac
CARE A-
1500
Reaffirmed Siti Cable Network Ltd) Siti Networks Ltd (Formerly Known As LT Fac@
CARE AA+ (SO) 13490.7 Reaffirmed Siti Cable Network Ltd) @Outstanding as on Sep 30, 2016. Backed by unconditional & irrevocable Corporate Guarantee extended by Zee Entertainment Enterprise Limited (rated CARE AA+/A1+) to the lenders of Siti Cable Network Limited (SCNL), to maintain debt service reserve account (DSRA) for a stipulated size Skipper Ltd
LT Bk Fac
CARE A+
4345
Reaffirmed [enhanced from 341.63 Cr] Skipper Ltd
LT / ST Bk Fac
CARE A+/CARE 13000 Revised from
A1+
CARE A+/ CARE
A1 [enhanced from 960 Cr] Success Exim Pvt Ltd
LT Bk Fac
CARE BB-
40
Revised from
CARE BB+ TRV Global Exports Pvt Ltd
LT Bk Fac
CARE C
30
Reaffirmed Windlass Engineers & Services Pvt Ltd Bk Fac
-
-
Suspended Windlass Steelcrafts Llp
Bk Fac
-
-
Suspended Zee Entertainment Enterprises Ltd
LT Bk Fac
CARE AA+
1250
Reaffirmed Zee Learn Ltd
LT NCD (NCD) issue@CARE AA+ (SO) 650
Reaffirmed @ backed by unconditional & irrevocable Corporate Guarantee extended by Zee Entertainment Enterprise Limited (rated CARE AA+/A1+) for maintaining Debt Service Reserve Account (DSRA) to top up the reserve account to meet any shortfall in servicing outstanding obligations of the said debentures, seven days prior to the due date -------------------------------------------------------------------------------------------- $: 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 CARE 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.