Home research India Ratings for Indian debt instruments – Dec 11
India Ratings for Indian debt instruments – Dec 11

India Ratings for Indian debt instruments – Dec 11

37
0

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

December 8, 2017.

 

COMPANY                         INSTRUMENT             RATING           AMOUNT   MOVEMENT

(RS.MLN)

——                          ———-             ——           ——   ———

SHORT TERM RATINGS:

——————-

Divyalakshmi Textiles Pvt Ltd   Non-FB Fac             IND A4+          102.9    Assigned

Jayalakshmi Textiles Pvt Ltd    Non-FB Fac             IND A3           30       Assigned

Sn Jyoti Associates Pvt Ltd     Non-FB WC limit        IND A4+          120      Assigned

 

LONG TERM RATINGS:

——————-

Adani Renewable Energy Park     Long-TL                IND BBB          1250     Assigned

Rajasthan Ltd

Azeem Infinite Dwelling India   NCDs – Series 1        IND BB           2000     Assigned

Pvt Ltd

Azeem Infinite Dwelling India   NCDs – Series 2        IND BB           1950     Assigned

Pvt Ltd

Divyalakshmi Textiles Pvt Ltd   Long-TL                IND BB+          52.1     Assigned

Divyalakshmi Textiles Pvt Ltd   FB Fac                 IND BB+/ IND A4+ 95       Assigned

Jayalakshmi Textiles Pvt Ltd    Long-TL                IND BBB-         32.591   Assigned

Jayalakshmi Textiles Pvt Ltd    FB Fac                 IND BBB-/ IND A3 90       Assigned

Jayalakshmi Textiles Pvt Ltd    Proposed long-TL*      Provisional IND  100      Assigned

BBB-

* The rating is provisional and shall be confirmed upon the sanction and execution of the loan

documents for the above facility by JTPL to the satisfaction of Ind-Ra.

Magnet Buildtech Pvt Ltd        TL                     IND BBB-         2428.6   Assigned

Narayanadri Hospitals And       TL                     IND BB-          104.1    Upgraded

Research Institute Pvt Ltd

Narayanadri Hospitals And       FB WC limit            IND BB-/ IND A4+ 19.5     Upgraded

Research Institute Pvt Ltd

R.V.R. Technologies Ltd         FB limits              IND B            65       Upgraded

increased from 45 MLN

R.V.R. Technologies Ltd         TL                     WD               10       Withdrawn

(repaid in

full)

R.V.R. Technologies Ltd         Non-FB limits          WD               10       Withdrawn

(repaid in

full)

Rajaguru Spinning Mills Pvt Ltd Long-TL                IND BBB          829.78   Assigned

Rajaguru Spinning Mills Pvt Ltd FB Fac                 IND BBB/ IND A3+ 310      Assigned

Rajasthan Sun Technique Energy  Senior project TL      WD               1140     Withdrawn

Pvt Ltd

935.1 outstanding on 30 September 2017

Rajasthan Sun Technique Energy  Senior project TL      WD               1140     Withdrawn

Pvt Ltd

935.1 outstanding on 30 September 2017

Sn Jyoti Associates Pvt Ltd     FB WC limit            IND BB           100      Assigned

Sri Textile Erode Pvt Ltd       FB Fac                 WD               350      Withdrawn

Sri Textile Erode Pvt Ltd       TL                     WD               75.9     Withdrawn

Sri Textile Erode Pvt Ltd       Non-FB Fac             WD               50       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 Evolve.

Source: Reuters

 

Anand Gupta Editor - EQ Int'l Media Network

LEAVE YOUR COMMENT

Your email address will not be published. Required fields are marked *

Open chat