Apr 22 (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 21, 2015. COMPANY
INSTRUMENT
RATING
AMOUNT MOVEMENT
(RS.MLN) ------
----------
------
------ --------- SHORT TERM RATINGS: ------------------- Antony Waste Handling Cell Pvt Non-FB limits (BG)
IND A4
330
Assigned Ltd Avaya Industries Ltd
Non-FB limits
IND A4
500
Migrated from
(suspended)
IND A4 Elder Instruments Pvt. Ltd
Non-FB WC limits
IND A4
50
Migrated from
(suspended)
IND A4 G.C. Threads Pvt Ltd
Non-FB limit
IND A4+
5.55
Assigned HDFC Bank (NSE:HDBK) Ltd
Certificates of deposit
IND A1+
150000 Affirmed N.M. Industries Pvt Ltd
Proposed FB limits
IND A2 (SO) 300
Withdrawn
(exp) N.M. Industries Pvt Ltd
Non-FB limits
IND A2 (SO) 850
Migrated from
(suspended)
IND A2(SO) NCML Industries Ltd
Non-FBL
IND A2 (exp) 708
Withdrawn NCML Industries Ltd
Non-FB limits
IND A2
7292
Migrated from
(suspended)
IND A2 Ndv Enterprise Pvt. Ltd
Non-FBL
IND A4
285
Migrated from
(suspended)
IND A4 The Bank Of Tokyo-Mitsubishi
Certificates of deposit
IND A1+
5000
Affirmed Ufj India Branch'S (Btmu
programme India) (increased from INR2.5bn) Tirupati Iron Impex Pvt Ltd
NFB LOC
IND A4+
50
Migrated from
(suspended)
IND A4+ Tirupati Iron Impex Pvt Ltd
NFB BG
IND A4+
20
Migrated from
(suspended)
IND A4+ MEDIUM TERM RATINGS: -------------------- HDFC Bank Ltd
Term deposit programme
IND tAAA
Affirmed LONG TERM RATINGS: ------------------- Antony Waste Handling Cell Pvt TL
IND B-
35
Assigned Ltd Antony Waste Handling Cell Pvt FB limits
IND B-/ IND 350
Assigned Ltd
A4 Arc Marine Pvt Ltd
TL
IND D
254.2
Withdrawn
(suspended) Arc Marine Pvt Ltd
FB limits
IND D
30
Withdrawn
(suspended) Arc Marine Pvt Ltd
Non-FB limits
IND D
45
Withdrawn
(suspended) Avaya Industries Ltd
FB limits
IND B+
250
Migrated from
(suspended)
IND B+ Elder Instruments Pvt. Ltd
FB limits
IND B
80
Migrated from
(suspended)
IND B Elder Instruments Pvt. Ltd
TL
IND B
20
Migrated from
(suspended)
IND B G.C. Threads Pvt Ltd
TL (outstanding at
IND BB+
250
Assigned
end-March 2015) G.C. Threads Pvt Ltd
FB WC limits
IND BB+/ IND 129
Assigned
A4+ HDFC Bank Ltd
Lower Tier 2 subordinated IND AAA
139630 Affirmed
debt KS Steel & Alloys Pvt Ltd
FB limits
IND B+
110
Affirmed M/S Padmavati Pulp & Paper
Long-TL
IND BB-
100
Migrated from Mills
(suspended)
IND BB- M/S Padmavati Pulp & Paper
FB CC limits
IND BB-
100
Migrated from Mills
(suspended)
IND BB- NCML Industries Ltd
Long-TL
IND BBB+
510
Migrated from
(suspended)
IND BBB+ NCML Industries Ltd
FB limits
IND BBB+
743.5
Migrated from
(suspended)
IND BBB+ NDV Enterprise Pvt. Ltd
FB CC limits
IND B+
75
Migrated from
(suspended)
IND B+ Rajrani Steel Casting Pvt Ltd CC limits
IND B
130
Migrated from
(suspended)/
IND B/IND A4
IND A4 (suspended) S&P Infrastructure Developers Proposed Non-FB limits
IND BB+
340
Assigned Pvt Ltd
(exp)/ IND
A4+ (exp) S&P Infrastructure Developers FB limits
IND BB+/ IND 10
Assigned Pvt Ltd
A4+ S&P Infrastructure Developers Non-FB limits
IND BB+/ IND 300
Assigned Pvt Ltd
A4+ Sparsh Industries Pvt Ltd
Long-TL
IND BB+
1339.09 Affirmed (reduced from INR1,697m) Sparsh Industries Pvt Ltd
FB WC limits
IND BB+/ IND 450
Affirmed
A4+ (reduced from INR500m) Sparsh Industries Pvt Ltd
Non-FB WC limits
IND BB+/ IND 310
Affirmed
A4+ STFCL CV Trust Jan 2014 (An
Second loss credit facilityIND A (SO) 411.3
Affirmed Abs Transaction) STFCL CV Trust Jan 2014 (An
Series A PTC
IND AAA (SO) 2377.9 Affirmed Abs Transaction) Tirupati Iron Impex Pvt Ltd
FB CC limits
IND BB+
60
Migrated from
(suspended)
IND BB+ ----------------------------------------------------------------------------------------------- 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.