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Home research CARE ratings for Indian debt instruments-Apr 30
CARE ratings for Indian debt instruments-Apr 30

CARE ratings for Indian debt instruments-Apr 30

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Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of April 27, 2018.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Ajay Trading Compnay                  ST Bk Fac          CARE A4+       270     Assigned
Bodal Chemicals Ltd                   ST Bk Fac          CARE A1        850     Reaffirmed
Cleartrip Pvt Ltd                     ST Bk Fac          CARE A3        1350    Assigned
G.Hemanth Reddy                       ST Bk Fac          CARE A4        77.5    Assigned
Issl Settlement & Transaction Services CP                CARE A1+       1000    Assigned
Ltd
Maa Annapurna Sheet Grah              ST Bk Fac          CARE A4        2.1     Reaffirmed
Permali Wallace Pvt Ltd               ST Bk Fac          CARE A4        142.5   Assigned
Samasta Microfinance Ltd              CP                 CARE A1        3500    Reaffirmed
Seam Industries Ltd                   ST Bk Fac          CARE A4 (SO)*  300     Revised from
                                                                                CARE A2+(SO)
Shalimar Ispat Udyog                  ST Bk Fac          CARE A4        20      Assigned
Simora Tiles Llp                      ST Bk Fac          CARE A4        20      Assigned
Swat Ceramic Pvt Ltd                  ST Bk Fac          CARE A4        10      Assigned
Tmf Holdings Ltd                      CP                 CARE A1+       25000   Reaffirmed

LONG TERM RATINGS:
-------------------
A B Renewable Energy Pvt Ltd          LT Bk Facilitie    CARE BB-       220     Assigned
Agarwal Associates (Promoters) Ltd    LT Bk Fac          CARE BBB-      155     Reaffirmed
Ajanta Raaj Proteins Ltd              LT Bk Fac          CARE BB        200     Assigned
Ajay Trading Compnay                  LT Bk Fac          CARE BB+       73      Assigned
Aveena Milk Products                  LT Bk Facilitie    CARE B+        100     Assigned
Bodal Chemicals Ltd                   LT Bk Fac          CARE A         1720    Reaffirmed
Cleartrip Pvt Ltd                     LT Bk Fac          CARE BBB-      150     Assigned
G.Hemanth Reddy                       LT Bk Fac          CARE B+        22.5    Assigned
Irc Concrete Mix India Pvt Ltd        LT Bk Facilitie    CARE B+        48.7    Assigned
Kinjal Chemicals Pvt Ltd              LT Bk Fac          CARE BB        200     Assigned
Kumaran Aagro Foods                   LT Bk Fac          CARE BB        60      Assigned
Maa Annapurna Sheet Grah              LT Bk Fac          CARE B+        127.3   Reaffirmed
Morgan Credits Pvt Ltd                NCD                -              -       Withdrawn
Morgan Credits Pvt Ltd                NCD                -              -       Withdrawn
Permali Wallace Pvt Ltd               LT Bk Fac          CARE B         246.1   Assigned
Permali Wallace Pvt Ltd               LT/ST Bk Fac       CARE B /CARE A434.3    Assigned
Radhakanta Himghar Pvt Ltd            LT Bk Fac          CARE B+        50.5    Assigned
Sagar Metallics Pvt Ltd               LT Bk Fac          CARE BB-       19.8    Assigned
Sagar Metallics Pvt Ltd               LT/Shortterm Bk FacCARE BB-/CARE  110     Assigned
                                                         A4
Seam Industries Ltd                   LT Bk Fac          CARE BB (SO)*  386.1   Revised from
                                                                                CARE A-(SO)
Shalimar Ispat Udyog                  LT Bk Fac          CARE B+        60      Assigned
Simora Tiles Llp                      LT Bk Fac          CARE BB-       280     Assigned
Star Wire India Vidyut Pvt Ltd (Sivl) LT Bk Facilitie    CARE B         420     Assigned
Sunil Hitech Solar (Dhule) Pvt Ltd    Long/ST Bk Fac     -              -       Withdrawn
Sunil Hitech Solar (Dhule) Pvt Ltd    LT Bk Fac- (TL)    CARE BB (SO)*  235.1   Revised from
                                                                                CARE BBB(SO)
*backed by corporate guarantee provided by Sunil Hitech Engineers Ltd
Swat Ceramic Pvt Ltd                  LT Bk Fac          CARE BB-       118     Assigned
Tmf Holdings Ltd                      NCDs               CARE AA+       12500   Reaffirmed
Tmf Holdings Ltd                      LT/ST Bk Fac       CARE AA+/CARE  3000    Reaffirmed
                                                         A1+
Visu Leasing And Finance Pvt Ltd      Proposed NCDs      CARE A         2500    Assigned
Visu Leasing And Finance Pvt Ltd      NCDs               CARE A         2500    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

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.

(Mumbai Rate Reporting Unit + 91 22 6180 7222/3317 7222, E-mail at rru.data@thomsonreuters.com)
Source: in.reuters

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Anand Gupta Editor - EQ Int'l Media Network

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