India Ratings for Indian debt instruments – Dec 11
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R.V.R. Technologies Ltd TL WD 10 Withdrawn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R.V.R. Technologies Ltd Non-FB limits WD 10 Withdrawn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Rajasthan Sun Technique Energy Senior project TL WD 1140 Withdrawn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Rajasthan Sun Technique Energy Senior project TL WD 1140 Withdrawn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Sri Textile Erode Pvt Ltd FB Fac WD 350 Withdrawn
Sri Textile Erode Pvt Ltd TL WD 75.9 Withdrawn
Sri Textile Erode Pvt Ltd Non-FB Fac WD 50 Withdrawn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
