CARE ratings for Indian debt instruments-Nov 30

Last Updated: Wed, Nov 30, 2016 10:00 hrs

Nov 30 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of November 29, 2016. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------- ---------- ------ ------- --------- SHORT TERM RATINGS: ------------------- Agri Best India Ltd ST Bk Fac CARE A4 70 Assigned Edayar Zinc Ltd ST Bk Fac CARE D 247 Reaffirmed Binani Cement Ltd ST Bk Fac CARE D 4360 Reaffirmed LONG TERM RATINGS: ------------------- Agri Best India Ltd Long/ ST Bk Fac CARE BB-/CARE 100 Assigned A4 Atria Wind Power Pvt Ltd LT Bk Fac CARE BBB-; 1642.5 Assigned Binani Cement Ltd LT Bk Fac CARE D 23042.7 Reaffirmed Binani Industries Ltd LT Bk Fac CARE D 4749.3 Revised from CARE B+ Edayar Zinc Ltd LT Bk Fac CARE D 150 Reaffirmed Elecon Epc Projects Ltd Bk Fac Withdrawn 8K Miles Software Services Ltd Proposed NCDs CARE A- 500 Assigned 8K Miles Software Services Ltd LT/ST Bk Fac Over CARE A- /CARE 100 Assigned Draft A2+ Jalandhar Leather (India) Pvt Ltd Bk Fac Suspended Nagesh Enterprises LT Bk Fac CARE BB- 210 Revised from CARE B Parveen Travels Pvt Ltd LT Bk Fac CARE BB 811.3* Reaffirmed * Outstanding as on August 31, 2016 Premier Synthetics Ltd Redeemable CARE B (RPS) 95 Reaffirmed Non-convertible Noncumulative PS Saket Education Society Bk Fac Suspended Smr Builders Pvt Ltd LT Bk Fac CARE BB 1230 Assigned Talbros Engineering Ltd LT Bk Fac CARE BBB+ 180 Reaffirmed Talbros Engineering Ltd Long/ST Bk Fac CARE BBB+ 300 Reaffirmed /CARE A2 Vijaya Bank Lower Tier II Withdrawn Bonds (Series V) Wadhawan Global Capital Pvt. Ltd NCD issue CARE AA- 3000 Assigned -------------------------------------------------------------------------------------------- $: 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with Developing implications @: Rating Watch with Negative Implications %: Rating under Credit Watch wd -Rating Stands Withdrawn sp -Rating Suspended pp -Principal Protected pn -Principal Not Protected CARE may apply + or - signs for ratings to reflect a comparative standing within the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)



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