CARE ratings for Indian debt instruments-Nov 23

Source : REUTERS
Last Updated: Wed, Nov 23, 2016 11:00 hrs

Nov 23 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of November 22, 2016. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------- ---------- ------ ------- --------- SHORT TERM RATINGS: ------------------- Diamond Footcare Udyog Pvt Ltd ST Bk Fac CARE A4 65 Assigned J.K. Fenner India Ltd ST Bk Fac CARE A1+ 279 Reaffirmed K.P.R Constructions ST Bk Fac CARE A4+ 207.3 Assigned Smruthi Organics Ltd ST Bk Fac (Non CARE A4 100 Assigned Fund based) Super Tannery Ltd ST Bk Fac CARE A3 170 Assigned LONG TERM RATINGS: ------------------- Darpan Jewels (Gujarat) Llp LT/ST Bk Fac CARE BB+/CARE 100 Assigned A4+ Diamond Footcare Udyog Pvt Ltd LT Bk Fac CARE BB 447.6 Assigned Elaine Dairy Pvt Ltd LT Bk Fac CARE BB 50.3 Assigned J.K. Fenner India Ltd LT Bk Fac CARE A+ 160 Reaffirmed J.K. Fenner India Ltd LT/ST Bk Fac CARE A+/CARE 45 Assigned A1+ K.P.R Constructions LT Bk Fac CARE BB+ 42.7 Assigned Meena Jewellers Extension Pvt Ltd LT Bk Fac CARE BBB 280 Reaffirmed Meena Jewels Exports LT Bk Fac CARE BBB 320 Reaffirmed Polygenta Technologies Ltd LT Bk Fac CARE C 92 Reaffirmed Rathi Tmt Saria Pvt Ltd Bk Fac Suspended Smruthi Organics Ltd LT Bk Fac (TL) CARE BB 127.7* Assigned *includes term loan outstanding as on Sep 30, 2016 Smruthi Organics Ltd LT Bk Fac (Fund CARE BB 240 Assigned based) Sterling Addlife India Pvt Ltd LT Bk Fac CARE BBB+ 1026.6 Reaffirmed Sterling Addlife India Pvt Ltd LT/ST Bk Fac CARE BBB+/CARE 150 Reaffirmed A3+ Super Tannery Ltd LT Bk Fac CARE BBB- 1130 Assigned Tarendra Infrastructure Chennai Pvt NCD CARE B 1000 Reaffirmed Ltd Vega Jeweldiam Pvt Ltd LT Bk Fac CARE BB+ 270 Revised from CARE BB -------------------------------------------------------------------------------------------- $: 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with Developing implications @: Rating Watch with Negative Implications %: Rating under Credit Watch wd -Rating Stands Withdrawn sp -Rating Suspended pp -Principal Protected pn -Principal Not Protected CARE may apply + or - signs for ratings to reflect a comparative standing within the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)



More from Sify: