India Ratings for Indian debt instruments - Apr 21

Published 21-04-2015, 09:57 am
India Ratings for Indian debt instruments - Apr 21

Apr 21 (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 20, 2015. COMPANY

INSTRUMENT

RATING

AMOUNT MOVEMENT

(RS.MLN) ------

----------

------

------ --------- SHORT TERM RATINGS: ------------------- At-Dev Prabha

NFBL

IND A4+

90.4

Assigned Grain Milling Company Pvt Ltd Non-FB Fac

IND A3

2.5

Withdrawn Hdfc Bank Ltd

CD

IND A1+

150000 Affirmed Ujaas Energy Ltd

Non-FB limits

IND A3

790

Affirmed MEDIUM TERM RATINGS: ------------------- HDFC Bank (NSE:HDBK) Ltd

Term deposit programme

IND tAAA

-

Affirmed LONG TERM RATINGS: ------------------- Gajanan Solvex Ltd

TL

IND B+

350

Suspended Gajanan Solvex Ltd

FB Fac

IND B+

200

Suspended Grain Milling Company Pvt Ltd TL

IND BBB-

117.6

Withdrawn Grain Milling Company Pvt Ltd CC limit

IND BBB-

100

Withdrawn HDFC Bank Ltd

Lower Tier 2 subordinated IND AAA

139630 Affirmed

debt Nilachal Carbo Metalicks Pvt

TL

IND D

577.5

Assigned Ltd Nilachal Carbo Metalicks Pvt

FBL

IND D

20

Assigned Ltd Nilachal Carbo Metalicks Pvt

NFBL

IND D

123

Assigned Ltd Sanghvi Foods Pvt Ltd

TL

IND BBB-

176.6

Suspended Sanghvi Foods Pvt Ltd

CCL

IND BBB-

300

Suspended Shri Gajanan Oil And Agro

TL

IND B+

28

Suspended Products Industries Pvt Ltd Shri Gajanan Oil And Agro

FB Fac

IND B+

130

Suspended Products Industries Pvt Ltd Swastik Pipes Ltd

Long-TL

IND BBB-

217.9

Affirmed (increased from INR47.9m) Swastik Pipes Ltd

FB WC facility

IND BBB- / 1030

Affirmed

IND A3 Swastik Pipes Ltd

Non-FB WC facility

IND BBB- / 550

Affirmed

IND A3 Ujaas Energy Ltd

Long-TL

IND BBB-

1196.2 Affirmed (reduced from INR1,226.8m) Ujaas Energy Ltd

FB limits

IND BBB- / 95

Affirmed

IND A3 Vicky Realtors

LTL

IND BB+

49.2

Withdrawn ----------------------------------------------------------------------------------------------- Note:- All Indian National-scale ratings previously assigned by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 The withdrawn criteria are now available on India Ratings' website at www.indiaratings.co.in $: Rating watch with positive implication #: Rating Watch with Developing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 Positive.

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