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CRISIL ratings for Indian debt instruments-Nov 6

Stock MarketsNov 06, 2017 13:10
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© Reuters. CRISIL ratings for Indian debt instruments-Nov 6

Nov 6 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of India ( CRISIL (NS:CRSL)) for local debt instruments as of November 3, 2017. COMPANY

INSTRUMENT

RATING

AMOUNT MOVEMENT

(RS.MLN) ------

----------

------

----- --------- SHORT TERM RATINGS: ------------------- Ajay Ingot Rolling Mill Pvt Ltd

Proposed ST Bk

CRISIL A4+

40

Assigned

Loan Fac Angelique International Ltd

BG

CRISIL A2

15050 Continues on

Rating Watch

with Negative

Implications Angelique International Ltd

Bill

CRISIL A2

380

Continues on

Pur-Discounting Fac

Rating Watch

with Negative

Implications Angelique International Ltd

Bills Receivable CRISIL A2

1350

Continues on

Discounting

Rating Watch

with Negative

Implications Angelique International Ltd

LOC

CRISIL A2

1800

Continues on

Rating Watch

with Negative

Implications Angelique International Ltd

Packing Credit

CRISIL A2

100

Continues on

Rating Watch

with Negative

Implications Angelique International Ltd

CP

CRISIL A2

100

Continues on

Rating Watch

with Negative

Implications Aruna Alloy Steels Pvt Ltd

Foreign Bill

CRISIL A4+

140

Downgraded

Purchase

from CRISIL A3 Devendran Plastic Pvt Ltd

LOC

CRISIL A4

80

Reaffirmed Devendran Plastic Pvt Ltd

LOC Bill

CRISIL A4

70

Reaffirmed

Discounting Devendran Plastic Pvt Ltd

Proposed ST Bk

CRISIL A4

6

Reaffirmed

Loan Fac ECL Finance Ltd

ST Debt Issue*

CRISIL A1+

45000 Assigned *Assigned for initial/ follow-on public offer financing on episodic basis. ECL Finance Ltd

ST Debt Issue*

CRISIL A1+

50000 Reaffirmed *Assigned for initial/ follow-on public offer financing on episodic basis. ECL Finance Ltd

ST Debt Issue*

CRISIL A1+

50000 Reaffirmed *Assigned for initial/ follow-on public offer financing on episodic basis. ECL Finance Ltd

ST Debt (Including CRISIL A1+

36000 Reaffirmed

ST NCD) ECL Finance Ltd

ST Principal-Pro CRISIL PP-MLD 12000 Reaffirmed

Mkt-Linked Deb

A1+r Edelweiss Commodities Services Ltd

ST Bk Fac

CRISIL A1+

600

Reaffirmed Edelweiss Commodities Services Ltd

ST Debt Issue*

CRISIL A1+

40000 Assigned *Assigned for initial/ follow-on public offer financing on episodic basis. Edelweiss Commodities Services Ltd

ST Debt (Including CRISIL A1+

70000 Reaffirmed

ST NCD) Edelweiss Commodities Services Ltd

ST Debt Issue*

CRISIL A1+

60000 Reaffirmed *Assigned for initial/ follow-on public offer financing on episodic basis. Edelweiss Commodities Services Ltd

ST Debt Issue*

CRISIL A1+

60000 Reaffirmed *Assigned for initial/ follow-on public offer financing on episodic basis. Edelweiss Financial (NS:EDEL) Services Ltd

ST Debt Issue*

CRISIL A1+

45000 Assigned *Assigned for initial public offering/ open offer financing on episodic basis Edelweiss Financial Services Ltd

ST Debt Issue*

CRISIL A1+

50000 Reaffirmed *Assigned for initial public offering/ open offer financing on episodic basis Edelweiss Financial Services Ltd

ST Debt Issue*

CRISIL A1+

50000 Reaffirmed *Assigned for initial public offering/ open offer financing on episodic basis Edelweiss Financial Services Ltd

ST Debt Issue

CRISIL A1+

63500 Reaffirmed Ihsedu Agrochem Pvt Ltd

Export Packing

CRISIL A2+

2350

Reaffirmed

Credit Ihsedu Agrochem Pvt Ltd

Standby Line of

CRISIL A2+

310

Reaffirmed

Credit K.P.Manish Global Ingredients Pvt Ltd Import LOC Limit CRISIL A3

130

Upgraded from

CRISIL A4+ Malladi Drugs and Pharmaceuticals Ltd Inland

CRISIL A2+

310

Upgraded from

CRISIL A2 Malladi Drugs and Pharmaceuticals Ltd Post Shipment

CRISIL A2+

102.5 Upgraded from

Credit

CRISIL A2 TAFE Access Ltd

BG*

CRISIL A1+

20

Reaffirmed *Interchangeable with letter of credit Tata Cleantech Capital Ltd

CP

CRISIL A1+

6000

Reaffirmed TAFE Access Ltd

ST Debt

CRISIL A+

150

Reaffirmed Tata Motors (NS:TAMO) Finance Ltd

ST Debt

CRISIL A1+

60000 Reaffirmed Tata Motors Finance Solutions Ltd

CP Programme

CRISIL A1+

20000 Reaffirmed TMF Holdings Ltd

ST Debt

CRISIL A1+

20000 Reaffirmed Unipro Techno Infrastructure Pvt Ltd

BG

CRISIL A3+

440

Reaffirmed Vasu Enterprises

BG

CRISIL A4+

150

Reaffirmed LONG TERM RATINGS: ------------------- Ajay Ingot Rolling Mill Pvt Ltd

CC

CRISIL BB-

40

Assigned Angelique International Ltd

CC

CRISIL BBB+

220

Continues on

Rating Watch

with Negative Implications Angelique International Ltd

Proposed LT Bk

CRISIL BBB+

100

Continues on

Loan Fac

Rating Watch

with Negative Implications Aruna Alloy Steels Pvt Ltd

CC

CRISIL BB+

20

Downgraded

from CRISIL

BBB- Aruna Alloy Steels Pvt Ltd

Overdraft

CRISIL BB+

35

Downgraded

from CRISIL

BBB- Aruna Alloy Steels Pvt Ltd

TL

CRISIL BB+

177

Downgraded

from CRISIL

BBB- Bajaj Housing Finance Ltd

CC & WC demand loanCRISIL AAA

1500

Reaffirmed Bajaj Housing Finance Ltd

TL

CRISIL AAA

4500

Assigned Bajaj Housing Finance Ltd

Proposed LT Bk

CRISIL AAA

4000

Assigned

Loan Fac*

* Interchangeable with short-term bank facilities Devendran Plastic Pvt Ltd

CC

CRISIL B+

100

Upgraded from

CRISIL B Devendran Plastic Pvt Ltd

TL

CRISIL B+

120

Upgraded from

CRISIL B ECL Finance Ltd

CC

CRISIL AA

20800 Reaffirmed ECL Finance Ltd

LT Bk Fac

CRISIL AA

46477.8 Reaffirmed ECL Finance Ltd

Proposed LT Bk

CRISIL AA

25022.2 Reaffirmed

Loan Fac** **interchangeable with short term bank facilities ECL Finance Ltd

Subordinated Debt CRISIL AA

4000

Reaffirmed ECL Finance Ltd

NCD

CRISIL AA

41300 Reaffirmed ECL Finance Ltd

LT Principal Pro CRISIL PP-MLD 10000 Reaffirmed

Market Linked Deb AAr/ ECL Finance Ltd

Principal-Pro

CRISIL PP-MLD 11900 Reaffirmed

Equity-Linked Deb AAr/ ECL Finance Ltd

Principal-Pro

CRISIL PP-MLD 350

Reaffirmed

Commoptionally

AAr/

convertible debentureity-Linked Deb Edelweiss Commodities Services Ltd

LT Bk Fac

CRISIL AA

3250

Reaffirmed Edelweiss Commodities Services Ltd

Overdraft

CRISIL AA

7000

Reaffirmed Edelweiss Commodities Services Ltd

Proposed LT Bk

CRISIL AA

5000

Reaffirmed

Loan Fac** **Interchangeable with short term bank facilities Edelweiss Commodities Services Ltd

NCD

CRISIL AA

30000 Reaffirmed Edelweiss Commodities Services Ltd

PS

CRISIL AA

1050

Reaffirmed Gujarat State Petroleum Corporation Ltd Subordinated NCDs *CRISIL BBB

20000 Downgraded

from CRISIL

BBB+ ( Continues to be on 'Rating Watch with Negative mplications') Gujarat State Petroleum Corporation Ltd TL^

CRISIL BBB+

5201.3 Downgraded

from CRISIL A- ^equivalent to USD 80.02 million converted at Rs 65/USD Gujarat State Petroleum Corporation Ltd NCD Issue

CRISIL BBB+

40000 Downgraded

from CRISIL A- ( Continues to be on 'Rating Watch with Negative mplications') Gujarat State Petroleum Corporation Ltd Compulsory

CRISIL BBB+r 5500

Downgraded

Convertible

from CRISIL

Debentures

A-r ( Continues to be on 'Rating Watch with Negative mplications') Ihsedu Agrochem Pvt Ltd

LT Loan

CRISIL A-

52.5

Reaffirmed Ihsedu Agrochem Pvt Ltd

Proposed LT Bk

CRISIL A-

37.5

Reaffirmed

Loan Fac Jhajjar Power Ltd

LT Loan

CRISIL AA-

7810

Reaffirmed Jhajjar Power Ltd

Proposed LT Bk

CRISIL AA-

2190

Reaffirmed

Loan Fac K.P.Manish Global Ingredients Pvt Ltd CC

CRISIL BBB-

70

Upgraded from

CRISIL BB+ Kewal Kiran (NS:KKCL) Clothing Ltd

WC Demand Loan@@ CRISIL AA-

250

Reaffirmed @@Interchangeable with Rs 25 crore of bank overdraft facility, Rs 25 crore of export bill discounting, Rs 25 crore of export invoice financing, and Rs 25 crore of pre-shipment financing under export orders. Kewal Kiran Clothing Ltd

WC Demand Loan#

CRISIL AA-

250

Reaffirmed #Interchangeable with Rs 25 crore of bank overdraft facility, Rs 5 crore of import letter of credit, Rs 5 crore of bonds and guarantees, Rs 5 crore of import invoice financing, Rs 25 crore of export bill discounting, Rs 25 crore of pre-shipment financing under export letter of credit, Rs 25 crore of export invoice financing, Rs 5 crore of import letter of credit, and Rs 25 crore of pre-shipment financing under export orders. Kewal Kiran Clothing Ltd

WC Demand Loan@

CRISIL AA-

150

Reaffirmed @Interchangeable with Rs 15 crore of working capital demand loan, Rs 7.5 crore cash credit facility, Rs 2 crore pre-shipment export packing credit in foreign currency, Rs 2 crore post-shipment credit in foreign currency. Kewal Kiran Clothing Ltd

WC Demand Loan^

CRISIL AA-

200

Reaffirmed ^Interchangeable with Rs 20 crore of working capital demand loan, Rs 20 crore cash credit facility, Rs 20 crore export packing credit, Rs 20 crore foreign bills purchased, Rs 20 crore bill/invoice discounting, Rs 10 crore letter of credit usance/sight, Rs 10 crore letter of undertaking for buyer's credit. Kewal Kiran Clothing Ltd

WC Demand Loan^

CRISIL AA-

200

Reaffirmed ^Interchangeable with Rs 20 crore of working capital demand loan, Rs 20 crore cash credit facility, Rs 20 crore export packing credit, Rs 20 crore foreign bills purchased, Rs 20 crore bill/invoice discounting, Rs 10 crore letter of credit usance/sight, Rs 10 crore letter of undertaking for buyer's credit. Kewal Kiran Clothing Ltd

Proposed LT Bk

CRISIL AA-

350

Reaffirmed

Loan Fac Mahamaya Foods and Grains Pvt Ltd

CC

CRISIL BB-

178.5 Reaffirmed Mahamaya Foods and Grains Pvt Ltd

Proposed LT Bk

CRISIL BB-

42.5

Reaffirmed

Loan Fac Mahamaya Foods and Grains Pvt Ltd

TL

CRISIL BB-

79

Reaffirmed Malladi Drugs and Pharmaceuticals Ltd CC

CRISIL A-

110

Upgraded from

CRISIL BBB+ Malladi Drugs and Pharmaceuticals Ltd Cash TL

CRISIL A-

300.4 Upgraded from

CRISIL BBB+ Malladi Drugs and Pharmaceuticals Ltd Export Packing

CRISIL A-

775

Upgraded from

Credit

CRISIL BBB+ Malladi Drugs and Pharmaceuticals Ltd Proposed LT Bk

CRISIL A-

2.1

Upgraded from

Loan Fac

CRISIL BBB+ Muthoot Housing Finance Co. Ltd

CC

CRISIL BBB+

50

Reaffirmed Muthoot Housing Finance Co. Ltd

Proposed LT Bk

CRISIL BBB+

4208

Reaffirmed

Loan Fac Muthoot Housing Finance Co. Ltd

TL

CRISIL BBB+

4242

Reaffirmed NAC Jewellers Pvt Ltd

CC

CRISIL BB+

1940

Downgraded

from CRISIL

BBB- NAC Jewellers Pvt Ltd

LT Loan

CRISIL BB+

68.5

Downgraded

from CRISIL

BBB- Navya Fashions Pvt Ltd

CC

CRISIL BB

100

Assigned Navya Fashions Pvt Ltd

TL

CRISIL BB

70

Assigned Prem Textiles International

Export Packing

CRISIL BB-

95

Reaffirmed

Credit Prem Textiles International

LT Loan

CRISIL BB-

9

Reaffirmed Prem Textiles International

Proposed WC Fac

CRISIL BB-

6

Reaffirmed PSR Silk Sarees India Pvt Ltd

CC

CRISIL BB

400

Reaffirmed PSR Silk Sarees India Pvt Ltd

LT Loan

CRISIL BB

149.5 Reaffirmed Sayak Enterprise

CC

CRISIL BB-

160

Reaffirmed Sharma Rice Mills

CC

CRISIL B+

50

Assigned Sharma Rice Mills

TL

CRISIL B+

20

Assigned Sharma Rice Mills

Warehouse FinancingCRISIL B+

70

Assigned Sri Vaibhava Lakshmi Enterprises Pvt LtdLT Loan

CRISIL C

172

Reaffirmed Sri Vaibhava Lakshmi Enterprises Pvt LtdOpen CC

CRISIL C

28

Reaffirmed Sustainable Spinning and Commodities

CC

CRISIL BB+

160

Reaffirmed Pvt Ltd Sustainable Spinning and Commodities

Proposed LT Bk

CRISIL BB+

62.2

Reaffirmed Pvt Ltd

Loan Fac Sustainable Spinning and Commodities

TL

CRISIL BB+

817.8 Assigned Pvt Ltd TAFE Access Ltd

CC**

CRISIL A+

490

Reaffirmed **Interchangeable with Working Capital Demand Loan up to Rs 15 Crore TAFE Access Ltd

Proposed FB Bk

CRISIL A+

340

Reaffirmed

Limits Tata Cleantech Capital Ltd

CC & WC demand loanCRISIL AA+

5500

Reaffirmed Tata Cleantech Capital Ltd

LT Bk Fac

CRISIL AA+

7380

Reaffirmed Tata Cleantech Capital Ltd

Proposed LT Bk

CRISIL AA+

7120

Reaffirmed

Loan Fac Tata Cleantech Capital Ltd

NCD

CRISIL AA+

5000

Assigned Tata Cleantech Capital Ltd

NCD#

CRISIL AA+

2600

Reaffirmed #Green Debt Securities Tata Cleantech Capital Ltd

NCD

CRISIL AA+

10000 Reaffirmed Tata Cleantech Capital Ltd

Subordinated Debt CRISIL AA+

1000

Reaffirmed Tata Motors Finance Ltd

Perpetual Bonds

CRISIL A+

4150

Reaffirmed Tata Motors Finance Ltd

NCD

CRISIL AA

56050 Reaffirmed Tata Motors Finance Ltd

Subordinated Debt CRISIL AA

14000 Reaffirmed Tata Motors Finance Solutions Ltd

NCD

CRISIL AA

20000 Reaffirmed Tata Motors Finance Solutions Ltd

Subordinated Debt CRISIL AA

2000

Reaffirmed TMF Holdings Ltd

NCD

CRISIL AA

20000 Reaffirmed Unipro Techno Infrastructure Pvt Ltd

CC

CRISIL BBB

80

Reaffirmed Vasu Enterprises

CC

CRISIL BB+

50

Reaffirmed White Gold Agro Industries

TL

CRISIL B

10

Assigned White Gold Agro Industries

CC

CRISIL B

60

Assigned White Gold Agro Industries

Proposed CC Limit CRISIL B

30

Assigned -------------------------------------------------------------------------------------------- $: 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.

CRISIL ratings for Indian debt instruments-Nov 6
 

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