CRISIL ratings for Indian debt instruments-Jul 16

  • Reuters
  • Stock Market News
CRISIL ratings for Indian debt instruments-Jul 16
Credit: © Reuters.

Jul 16 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of India ( CRISIL (NS: CRSL )) for local debt instruments as of July 15, 2019. COMPANY

INSTRUMENT

RATING

AMOUNT MOVEMENT

(RS.MLN) ------

----------

------

----- --------- SHORT TERM RATINGS: ------------------- Ambalika Construction Ltd

BG

CRISIL A4+

40

Reaffirmed Anurashi Commotrade Pvt Ltd

LOC

CRISIL A4

100

Reaffirmed Bombay Golden (India) Regd

BG

CRISIL A4+

25

Reaffirmed Dattatreya Textiles Pvt Ltd

BG

CRISIL A3

7.5

Reaffirmed H P Valves & Fittings India Pvt Ltd

Packing Credit

CRISIL A4+

15

Assigned Indiabulls (NS: INBF ) Commercial Credit Ltd

CP Programme

CRISIL A1+

30000 Reaffirmed Indiabulls Housing Finance Ltd

ST Bk Fac

CRISIL A1+

10490 Reaffirmed Indiabulls Housing Finance Ltd

ST NCD Programme CRISIL A1+

10000 Reaffirmed Indiabulls Housing Finance Ltd

CP Programme

CRISIL A1+

250000 Reaffirmed KCL Ltd

BG

CRISIL A3+

10

Reaffirmed KCL Ltd

LOC

CRISIL A3+

9.5

Reaffirmed Lila Polymers Pvt Ltd

BG

CRISIL A4+

150

Withdrawn (Issuer Not Cooperating) Ojus Power and Technologies Pvt Ltd

LOC & BG

CRISIL A4+

20

Reaffirmed Prabhat Agro Multi-State Co-Operative Standby Overdraft CRISIL A4+

50

Withdrawn Ltd

Fac Prabhat Agro Multi-State Co-Operative WC Demand Loan

CRISIL A4+

10

Withdrawn Ltd Rana Udyog Pvt Ltd

LOC & BG

CRISIL A4

10

Reaffirmed Satluj Spintex Ltd

BG

CRISIL A3+

12.5

Upgraded from

CRISIL A3 Shyam Steel Industries Ltd

BG

CRISIL A1+

200

Reaffirmed Shyam Steel Industries Ltd

Foreign Exchange CRISIL A1+

26.1

Reaffirmed

Forward Shyam Steel Industries Ltd

LOC

CRISIL A1+

500

Reaffirmed Shyam Steel Industries Ltd

CP

CRISIL A1+

1500

Reaffirmed (Enhanced from Rs.75 Crore) Shyam Steel Manufacturing Ltd

BG

CRISIL A1+

93.8

Reaffirmed Shyam Steel Manufacturing Ltd

Foreign Exchange CRISIL A1+

60

Reaffirmed

Forward Shyam Steel Manufacturing Ltd

LOC

CRISIL A1+

1000

Reaffirmed Shyam Steel Manufacturing Ltd

CP

CRISIL A1+

750

Reaffirmed (Enhanced from Rs.25 Crore) Sundaram Textiles Pvt Ltd

BG

CRISIL A3

5

Reaffirmed Thermo Cables Ltd

BG

CRISIL A2

430

Upgraded from

CRISIL A3+ Thermo Cables Ltd

Foreign Exchange CRISIL A2

20

Upgraded from

Forward

CRISIL A3+ Thermo Cables Ltd

LOC

CRISIL A2

50

Upgraded from

CRISIL A3+ Thermopads Pvt Ltd

BG

CRISIL A2+

60

Reaffirmed Thermosystems Pvt Ltd

BG

CRISIL A3+

620

Reaffirmed Thermosystems Pvt Ltd

LOC

CRISIL A3+

150

Reaffirmed Trident (NS: TRIE ) Ltd

LOC & BG

CRISIL A1+

2000

Assigned Trident Ltd

CP

CRISIL A1+

1500

Assigned Universal Construction - Kolkata

BG

CRISIL A4+

60

Reaffirmed Vinar Systems Pvt Ltd

BG

CRISIL A4+

360

Reaffirmed Vinar Systems Pvt Ltd

LOC

CRISIL A4+

60

Reaffirmed Yarlagadda Exports Pvt Ltd

Foreign Exchange CRISIL A4

2.5

Reaffirmed

Forward LONG TERM RATINGS: ------------------- 916 Epari Jeweller Pvt Ltd

CC

CRISIL B

200

Reaffirmed Ambalika Construction Ltd

Overdraft

CRISIL BB-

100

Downgraded

from CRISIL BB Ambalika Construction Ltd

Proposed LT Bk

CRISIL BB-

15.5

Downgraded

Loan Fac

from CRISIL BB Anurashi Commotrade Pvt Ltd

CC

CRISIL B+

20

Reaffirmed Bombay Golden (India) Regd

CC/ Overdraft Fac CRISIL BB+

50

Reaffirmed BVSR Harda Betul Road Projects Pvt Ltd Proposed LT Bk

CRISIL BBB-

319.6 Reaffirmed

Loan Fac BVSR Harda Betul Road Projects Pvt Ltd TL

CRISIL BBB-

355

Reaffirmed BVSR SSG Road Projects Pvt Ltd

LT Loan

CRISIL BBB-

767

Reaffirmed BVSR SSG Road Projects Pvt Ltd

Proposed LT Bk

CRISIL BBB-

643

Reaffirmed

Loan Fac Commercial Motor Sales Pvt Ltd

Overdraft

CRISIL B

48

Withdrawn (Issuer Not Cooperating) Commercial Motor Sales Pvt Ltd

Proposed FB Bk

CRISIL B

102

Withdrawn

Limits (Issuer Not Cooperating) Dattatreya Textiles Pvt Ltd

CC

CRISIL BBB-

170

Reaffirmed Dattatreya Textiles Pvt Ltd

Foreign Bill

CRISIL BBB-

25

Reaffirmed

Discounting Dattatreya Textiles Pvt Ltd

LT Loan

CRISIL BBB-

82.5

Reaffirmed Desu Veeraiah Sons

CC

CRISIL B

195

Migrated from

CRISIL B (Issuer Not Cooperating) H P Valves & Fittings India Pvt Ltd

TL

CRISIL BB-

36

Assigned H P Valves & Fittings India Pvt Ltd

CC/ Overdraft Fac CRISIL BB-

49

Assigned Indiabulls Commercial Credit Ltd

LT Bk Fac

CRISIL AAA

1500 (Revised to 'Rating Watch with Negative Implications' from 'Rating Watch with Developing Implications') Indiabulls Commercial Credit Ltd

Proposed LT Bk

CRISIL AAA

23500

Loan Fac (Revised to 'Rating Watch with Negative Implications' from 'Rating Watch with Developing Implications') Indiabulls Commercial Credit Ltd

NCD*

CRISIL AAA

20000 (Revised to 'Rating Watch with Negative Implications' from 'Rating Watch with Developing Implications')/*public issue of retail secured redeemable non-convertible debenture Indiabulls Commercial Credit Ltd

NCD@

CRISIL AAA

5000 (Revised to 'Rating Watch with Negative Implications' from 'Rating Watch with Developing Implications') Indiabulls Commercial Credit Ltd

NCD*

CRISIL AAA

30000 (Revised to 'Rating Watch with Negative Implications' from 'Rating Watch with Developing Implications')*public issue of retail secured redeemable non-convertible debenture Indiabulls Commercial Credit Ltd

NCDs

CRISIL AAA

14500 (Revised to 'Rating Watch with Negative Implications' from 'Rating Watch with Developing Implications') Indiabulls Commercial Credit Ltd

Subordinated Debt CRISIL AAA

5000 (Revised to 'Rating Watch with Negative Implications' from 'Rating Watch with Developing Implications') Indiabulls Housing Finance Ltd

CC

CRISIL AAA

52000 (Revised to 'Rating Watch with Negative Implications' from 'Rating Watch with Developing Implications') Indiabulls Housing Finance Ltd

LT Bk Fac

CRISIL AAA

1444.4 (Revised to 'Rating Watch with Negative Implications' from 'Rating Watch with Developing Implications') Indiabulls Housing Finance Ltd

Proposed LT Bk

CRISIL AAA

181565.4

Loan Fac (Revised to 'Rating Watch with Negative Implications' from 'Rating Watch with Developing Implications') Indiabulls Housing Finance Ltd

Retail Bonds Issue*CRISIL AAA

120000 *Includes secured NCD and unsecured subordinated debt/(Revised to 'Rating Watch with Negative Implications' from 'Rating Watch with Developing Implications') Indiabulls Housing Finance Ltd

Retail Bonds Issue CRISIL AAA

30000 (Revised to 'Rating Watch with Negative Implications' from 'Rating Watch with Developing Implications') Indiabulls Housing Finance Ltd

NCDs

CRISIL AAA

343000 (Revised to 'Rating Watch with Negative Implications' from 'Rating Watch with Developing Implications') Indiabulls Housing Finance Ltd

Subordinated Debt CRISIL AAA

25000 (Revised to 'Rating Watch with Negative Implications' from 'Rating Watch with Developing Implications') Karnataka Turned Components Pvt Ltd

Overdraft

CRISIL B

40

Downgraded

from CRISIL B+ Karnataka Turned Components Pvt Ltd

Proposed LT Bk

CRISIL B

34.3

Downgraded

Loan Fac

from CRISIL B+ Karnataka Turned Components Pvt Ltd

TL

CRISIL B

55.7

Downgraded

from CRISIL B+ KCL Ltd

CC

CRISIL BBB

81

Reaffirmed KCL Ltd

Non-FBL

CRISIL BBB

47

Reaffirmed KCL Ltd

Proposed FB Bk

CRISIL BBB

9.5

Reaffirmed

Limits KCL Ltd

TL

CRISIL BBB

460.5 Reaffirmed KCL Ltd

WC Fac

CRISIL BBB

40

Reaffirmed KKrishna Vaahan Pvt Ltd

Drop Line

CRISIL B

22.4

Reaffirmed

Overdraft Fac KKrishna Vaahan Pvt Ltd

Proposed Inventory CRISIL B

35.6

Reaffirmed

Funding KKrishna Vaahan Pvt Ltd

Inventory Funding CRISIL B

492

Reaffirmed

Fac Lila Polymers Pvt Ltd

Buyer`s Credit

CRISIL BB+

440

Withdrawn (Issuer Not Cooperating) Lila Polymers Pvt Ltd

CC

CRISIL BB+

40

Withdrawn (Issuer Not Cooperating) Ojus Power and Technologies Pvt Ltd

CC

CRISIL BB+

100

Reaffirmed Ojus Power and Technologies Pvt Ltd

TL

CRISIL BB+

60

Reaffirmed P. N. Memorial Neurocentre and Research CC

CRISIL BBB+

130

Reaffirmed Institute Ltd

and Withdrawn P. N. Memorial Neurocentre and Research LT Loan

CRISIL BBB+

1465

Reaffirmed Institute Ltd

and Withdrawn Pal Frozen Foods

CC

CRISIL BB

130

Reaffirmed Pal Frozen Foods

Proposed FB Bk

CRISIL BB

20

Reaffirmed

Limits Prragathi Steel Castings Pvt Ltd

CC

CRISIL BB-

102

Reaffirmed Prragathi Steel Castings Pvt Ltd

TL

CRISIL BB-

13

Reaffirmed Rana Udyog Pvt Ltd

CC

CRISIL B

85

Upgraded from

CRISIL B- Rana Udyog Pvt Ltd

Proposed LT Bk

CRISIL B

107.5 Upgraded from

Loan Fac

CRISIL B- Redlands Ashlyn Motors Plc.

CC

CRISIL BB

40 Redlands Ashlyn Motors Plc.

LT Loan

CRISIL BB

20 Redlands Ashlyn Motors Plc.

Proposed CC Limit CRISIL BB

40 Saleem Steels

CC

CRISIL B-

66

Downgraded

from CRISIL B+ Saleem Steels

Proposed CC Limit CRISIL B-

4

Downgraded

from CRISIL B+ Satluj Spintex Ltd

CC

CRISIL BBB

1600

Upgraded from

CRISIL

BBB- Satluj Spintex Ltd

LT Loan

CRISIL BBB

587.5 Upgraded from

CRISIL BBB- Shri Salasar Agro Processors

CC

CRISIL B+

70

Withdrawn Shri Salasar Agro Processors

Proposed CC Limit CRISIL B+

210

Withdrawn Shri Salasar Agro Processors

Proposed TL

CRISIL B+

90

Withdrawn Shyam Steel Industries Ltd

CC

CRISIL A+

2250

Reaffirmed Shyam Steel Manufacturing Ltd

CC

CRISIL A+

1000

Reaffirmed Shyam Steel Manufacturing Ltd

Corporate Loan

CRISIL A+

20.4

Reaffirmed Shyam Steel Manufacturing Ltd

LT Loan

CRISIL A+

565.1 Reaffirmed Shyam Steel Manufacturing Ltd

Proposed WC Fac

CRISIL A+

167.9 Reaffirmed Skycomm Electronics (India) Pvt Ltd

CC

CRISIL BB-

100

Reaffirmed Sri Vaishnaoi Automobiles (India) Pvt CC

CRISIL BB+

40

Migrated from Ltd

CRISIL BB+ (Issuer Not Cooperating) Sri Vaishnaoi Automobiles (India) Pvt Inventory Funding CRISIL BB+

70

Migrated from Ltd

Fac

CRISIL BB+ (Issuer Not Cooperating) Sri Vaishnaoi Automobiles (India) Pvt Proposed LT Bk

CRISIL BB+

20

Migrated from Ltd

Loan Fac

CRISIL BB+ (Issuer Not Cooperating) Sundaram Mahadeo Autoworld Pvt Ltd

CC

CRISIL B+

15

Reaffirmed Sundaram Mahadeo Autoworld Pvt Ltd

Electronic Dealer CRISIL B+

40

Reaffirmed

Financing

Scheme(e-DFS) Sundaram Mahadeo Autoworld Pvt Ltd

TL

CRISIL B+

15

Reaffirmed Sundaram Textiles Pvt Ltd

CC

CRISIL BBB-

190

Reaffirmed Sundaram Textiles Pvt Ltd

Foreign Bill

CRISIL BBB-

25

Reaffirmed

Discounting Sundaram Textiles Pvt Ltd

LT Loan

CRISIL BBB-

86

Reaffirmed Sundaram Textiles Pvt Ltd

Proposed LT Bk

CRISIL BBB-

4

Reaffirmed

Loan Fac Team Krian

Export Packing

CRISIL BB+

220

Migrated from

Credit

CRISIL BBB- (Issuer Not Cooperating) Team Krian

Proposed TL

CRISIL BB+

10

Migrated from

CRISIL BBB- (Issuer Not Cooperating) Thermo Cables Ltd

CC

CRISIL BBB+

800

Upgraded from

CRISIL BBB Thermopads Pvt Ltd

CC

CRISIL A-

8.5

Reaffirmed Thermopads Pvt Ltd

Proposed LT Bk

CRISIL A-

31.5

Reaffirmed

Loan Fac Thermosystems Pvt Ltd

CC

CRISIL BBB

290

Reaffirmed Thermosystems Pvt Ltd

Proposed LT Bk

CRISIL BBB

1.6

Reaffirmed

Loan Fac Trident Ltd

CC

CRISIL AA-

15000 Assigned Trident Ltd

Foreign Currency TLCRISIL AA-

266.6 Assigned Trident Ltd

Proposed TL

CRISIL AA-

10540 Assigned Trident Ltd

LT Loan

CRISIL AA-

12193.4 Assigned Universal Construction - Kolkata

CC

CRISIL BB+

40

Reaffirmed Utkal Galvanizers Ltd

TL

CRISIL D

160

Downgraded

from CRISIL

BB- Vinar Systems Pvt Ltd

Bill Purchase

CRISIL BB

20

Downgraded

Discounting Fac

from CRISIL

BB+ Vinar Systems Pvt Ltd

CC

CRISIL BB

40

Downgraded

from CRISIL

BB+ Yarlagadda Exports Pvt Ltd

CC

CRISIL B+

170

Reaffirmed Yarlagadda Exports Pvt Ltd

Proposed LT Bk

CRISIL B+

107.5 Reaffirmed

Loan Fac Yedeshwari Agro Products Ltd

LT Loan

CRISIL BB

310

Reaffirmed Yedeshwari Agro Products Ltd

WC Fac

CRISIL BB

640

Reaffirmed -------------------------------------------------------------------------------------------- $: 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 CRISIL 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.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100

Related Articles