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CARE ratings for Indian debt instruments-Jan 6

   Jan 6  - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local
debt instruments as of January 5, 2021.


COMPANY                              INSTRUMENT        RATING        AMOUNT MOVEMENT
                                                                    (RS.MLN)
-------                              ----------        ------        ------ ---------
SHORT TERM RATINGS:
-------------------
Aavas Financiers Ltd                 Proposed CP       CARE A1+      1000   Reaffirmed
Abdos Oils Pvt Ltd                   ST Bk Fac         -             -      Withdrawn
Abdos Oils Pvt Ltd                   ST Bk Fac         CARE A2       20     -
(Revised from CARE BBB+; Stable)
Balaji Formalin Pvt Ltd              ST Bk Fac         CARE A3+      15     Reaffirmed

Beri Udyog Pvt Ltd                   ST Bk Fac         CARE A2       44     Reaffirmed
Bhimani Chemicals Pvt Ltd            ST Bk Fac         CARE A3       50     Reaffirmed
Blyth Wind Park Pvt Ltd              ST Bk Fac         CARE A3       20     Reaffirmed
Brijbasi Hi-Tech Udyog Ltd           ST Bk Fac         CARE A4       100    Reaffirmed
Canara Robeco Mutual Fund            ST Bk facility*   CARE A1+      10000  Reaffirmed
(*Facility is extended to 10 debt schemes of Canara Robeco Mutual Fund)
Ceat Ltd                             ST Bk Fac         CARE A1+      11500  Reaffirmed
Canara Robeco Mutual Fund            ST Bk facility^   -             -      Withdrawn
(^ CARE has withdrawn the outstanding ratings of Rs.400 crore assigned to the bank facilities of
Canara Robeco Mutual Fund with immediate effect. The action has been taken at the request of
Canara Robeco Mutual Fund and ‘No dues certificate’ received from Canara bank that have extended
the facility rated by CARE.) 
Ceat Ltd                             CP                CARE A1+      3500   Reaffirmed
Classic Products Pvt Ltd             ST Bk Fac         -             -      Withdrawn
Fermenta Biotech Ltd                 ST Bk Fac (Non-FBL) CARE A2     62.5   Reaffirmed
Gatik Tea Co. Pvt Ltd                ST Bk Fac         CARE A4       2.5    Assigned
Grv Spintex Pvt Ltd                  ST Bk Fac         CARE A3       2.5    Reaffirmed
Hdfc Bank Ltd                        CDs               CARE A1+      400000 Reaffirmed
J And B Engineering And Construction ST Bk Fac         CARE A4       90     Assigned
Company
Jagadeesh Marine Exports             ST Bk Fac         CARE A3       30     Reaffirmed
Jaigad Power Transco Ltd             ST Bk Fac         CARE A1+      75     Reaffirmed
Jsw Power Trading Co. Ltd            Non-FB - STBG/LC  CARE A2+      750    Reaffirmed
Kotak Mahindra Mutual Fund           ST Bk Fac*        CARE A1+      15000  Reaffirmed
(* Facility is extended to four debt schemes of Kotak Mahindra Mutual Fund)
Lkp Infra Projects                   ST Bk Fac         CARE A4       25     Reaffirmed
M. K. Shipping And Allied Industries ST Bk Fac         CARE A3       700    Reaffirmed
Pvt Ltd
Mahavir Inductomelt Pvt Ltd          ST Bk Fac         CARE A3       1230   Reaffirmed
Mahavir Rolling Mill Pvt Ltd         ST Bk Fac         CARE A3       60     Reaffirmed
Nocil Ltd                            ST Bk Fac         CARE A1+      800    Reaffirmed
Ongc Tripura Power Co. Ltd           ST Bk Fac LC/BG   CARE A1+      1200   Reaffirmed
Ongc Tripura Power Co. Ltd           ST Bk Fac TL      CARE A1+      3000   Reaffirmed
Parvati Industries Pvt Ltd           ST Bk Fac         CARE A4       50     Reaffirmed
Patnaik Minerals Pvt Ltd             ST Bk Fac         CARE A2       1475.5 Reaffirmed
Precision Plastic Industries Pvt Ltd ST Bk Fac – Non   CARE A3       120    Reaffirmed
                                     Fund Based- LC/BG
                                     Limits
Puneet Industries Pvt Ltd            ST Bk Fac         CARE A3       1000   Reaffirmed
Png Brothers                         ST Bk Fac         CARE BBB;     600    Reaffirmed
                                                       Stable /CARE
                                                       A3+
Rama Phosphates Ltd                  ST Bk Fac         CARE A3+      220    Reaffirmed
S K Samanta & Company Pvt Ltd        ST Bk Fac         CARE A2+      1800   Reaffirmed
S. Rajendran                         ST Bk Fac         CARE A4;      35     -
(Rating continues to remain under ISSUER NOT COOPERATING category)
Sanathan Textiles Pvt Ltd            ST Bk Fac         CARE A3+      850    Reaffirmed
Scoda Tubes Ltd                      ST Bk Fac         CARE A4       180    Reaffirmed
Sri Ganapathy Enterprises            ST Bk Fac         CARE A4;      7.5    -
(Rating continues to remain under ISSUER NOT COOPERATING category)
St. Mary’S Cashew Factory            ST Bk Fac         CARE A3       610    Reaffirmed
Tata Mutual Fund                     ST Bk Facility*   CARE A1+      50000  Reaffirmed
(*Facility is extended to five debt schemes of Tata Mutual Fund)
 
MEDIUM TERM RATINGS:
-------------------
Hdfc Bank Ltd                        Fixed Deposits    CARE AAA (FD);-      Reaffirmed
                                                       Stable
PC Jeweller Ltd                      Fixed Deposit     CARE D (FD)   3000   -
(Rating moved to ISSUER NOT COOPERATING category)
 
LONG TERM RATINGS:
-------------------
A.S. Motor Pvt Ltd                   LT Bk Fac         CARE BB-;     293    Assigned
                                                       Stable
A.S. Motor Pvt Ltd                   LT / ST Bk Fac    CARE BB-;     125    Assigned
                                                       Stable /CARE A4
Aavas Financiers Ltd                 LT Bk Fac         CARE AA-;     37620  Reaffirmed
                                                       Stable
Aavas Financiers Ltd                 LT sub-ordinated  CARE AA-;     1000   Reaffirmed
                                     debt              Stable
Aavas Financiers Ltd                 LT NCDs           CARE AA-;     7950   Reaffirmed
                                                       Stable
Abdos Oils Pvt Ltd                   LT Bk Fac         CARE BBB+;    179.7  Reaffirmed
                                                       Stable
Alkem Laboratories Ltd               LT/ST Working     CARE AA+;     3000   Assigned
                                     capital limits    Stable /CARE
                                                       A1+
Amber Builders                       LT / ST Bk Fac    CARE BB-;     90     -
                                                       Stable /CARE
                                                       A4;
(Revised from CARE BB; Stable / CARE A4 and moved to ISSUER NOT COOPERATING category)
Amber Builders                       LT Bk Fac         CARE BB-;     50     -
                                                       Stable;
(Revised from CARE BB; Stable and moved to ISSUER NOT COOPERATING category)
Ankit India Ltd                      LT Bk Fac         CARE BBB+;    250    Reaffirmed
                                                       Stable
Ankit India Ltd                      LT/ST Bk Fac      CARE BBB+;    150    Reaffirmed
                                                       Stable/CARE A2
Anupama Steel Ltd                    LT / ST Bk Fac    CARE BBB-;    375    Reaffirmed
                                                       Stable /CARE A3
Aravali Transmission Service Co. Ltd LT Bk Fac         CARE A; Stable 225   Reaffirmed
Arihant Industrial Corporation Ltd   LT Bk Fac         CARE BB-;     297.88 -
                                                       Negative
(Rating removed from ISSUER NOT COOPERATING category and Revised from CARE BB+; Stable;)
Arihant Industrial Corporation Ltd   LT / ST Bk Fac    CARE BB-;     95     -
                                                       Negative /CARE
                                                       A4
(Rating removed from ISSUER NOT COOPERATING category and 
 Revised from CARE BB+; Stable / CARE A4+;)
Aster Infrahome Pvt Ltd              Non -Convertible  CARE D        500    -
                                     Debentures
(Rating continues to remain under ISSUER NOT COOPERATING category and 
 Revised from CARE B+; Stable)
Ayushman Medical Diagnostics Pvt Ltd LT Bk Fac         CARE BBB;     570.1  Reaffirmed
                                                       Stable
Balaji Formalin Pvt Ltd              LT Bk Fac         CARE BBB;     630.3  Reaffirmed
                                                       Negative
Bansal Pathways (Damoh-Katni) Pvt Ltd LT Bk Fac        CARE BBB+;    1593.8 Reaffirmed
                                                       Stable
Bansal Pathways (Damoh-Katni) Pvt Ltd LT/ST Bk Fac     CARE BBB+;    75     Reaffirmed
                                                       Stable /CARE A2
Bansal Steel And Power Ltd           LT Bk Fac         CARE A-; Stable 805  Assigned
Beri Udyog Pvt Ltd                   LT Bk Fac         CARE BBB+;    1098.5 Reaffirmed
                                                       Stable
Bhagwati Air Express Pvt Ltd         LT Bk Fac         CARE B; Stable 150   Assigned
Bhimani Chemicals Pvt Ltd            LT/ST Bk Fac      CARE BBB-;    120    Reaffirmed
                                                       Stable /CARE A3
Blyth Wind Park Pvt Ltd              LT Bk Fac         CARE BBB-;    940.2  Reaffirmed
                                                       Negative
Brijbasi Hi-Tech Udyog Ltd           LT Bk Fac        CARE B+; Stable 115.6 Reaffirmed
Ceat Ltd                             LT Bk Fac         CARE AA; Stable 8000 Reaffirmed
Classic Products Pvt Ltd             LT Bk Fac         CARE BB+;     170    -
                                                       Stable
(Rating removed from ISSUER NOT COOPERATING category and Revised from CARE BB; Stable;)
Classic Products Pvt Ltd             LT / ST Bk Fac    CARE BB+;     90     -
                                                       Stable /CARE
                                                       A4+
(Rating removed from ISSUER NOT COOPERATING category and 
 Revised from CARE BB; Stable / CARE A4;)
Dimexon Diamonds Ltd                 LT Bk Fac         CARE BBB+;    4650   Reaffirmed
                                                       Negative
Diya Hygiene Flours Pvt Ltd          LT Bk Fac         CARE BB-;     50     Reaffirmed
                                                       Stable
Edelweiss Financial Services Ltd     NCD             CARE A+; Stable 2000   Assigned
Edelweiss Finvest Ltd                NCD             CARE A+; Stable 2000   Assigned
Ennore Bulk Terminal Pvt Ltd         LT Bk Fac (ii)    CARE A+ (CE); 200    -
                                                       Stable
(Revised from CARE BBB- and removed from Credit watch with Developing Implications; Stable
outlook assigned)
Ennore Bulk Terminal Pvt Ltd         LT / ST Bk Fac    CARE A+ (CE); 5      Assigned
                                     (iii)             Stable /CARE
                                                       A1+ (CE)
Ennore Bulk Terminal Pvt Ltd         LT / ST Bk Fac (i)CARE BBB+;    70     -
                                                       Stable /CARE
                                                       A3+
(Revised from CARE BBB- / CARE A3 and removed from Credit watch with Developing Implications)
Fermenta Biotech Ltd                 LT Bk Fac (FBL) CARE A-; Stable 990    Reaffirmed
Fermenta Biotech Ltd                 LT Bk Fac (TL)  CARE A-; Stable 681.5  Reaffirmed
Gatik Tea Co. Pvt Ltd                LT Bk Fac       CARE B; Stable  57.5   Assigned
Grv Spintex Pvt Ltd                  LT Bk Fac         CARE BBB-;    20     Assigned
                                                       Negative
Grv Spintex Pvt Ltd                  LT Bk Fac         CARE BBB-;    763.1  Reaffirmed
                                                       Negative
Grv Spintex Pvt Ltd                  LT/ Shortterm Bk  CARE BBB-;    33     Reaffirmed
                                     Fac               Negative/CARE
                                                       A3
Hdfc Bank Ltd                        Additional Tier I CARE AA+;     150000 Reaffirmed
                                     bonds (Basel III)# Stable
(#: CARE has rated the aforesaid Basel III Compliant Additional Tier I Bonds (Basel III) after
taking into consideration its key features as mentioned below:
• The bank has full discretion at all times to cancel coupon payments.
• The coupon is to be paid out of current year profits. However, if the current year’s profits
are not sufficient, i.e., payment of such coupon is likely to result in losses during the
current year, the balance of coupon payment may be made out of reserves representing
appropriation of net profits, including statutory reserves and excluding share premium,
revaluation reserve, foreign currency translation reserve, investment reserve and reserves
created on amalgamation provided the bank meets the minimum regulatory requirements for Common
Equity Tier I [CET I], Tier I and Total Capital Ratios and capital buffer frameworks as
prescribed by the Reserve Bank of India      .
• The instrument may be written-down upon CET I breaching the pre-specified trigger of 5.5%
before March 31, 2019, and 6.125% on and after March 31, 2019, or written-off / converted into
common equity shares on occurrence of the trigger event called point of non-viability (PONV).
The PONV trigger shall be determined by RBI. Any delay in payment of interest/principal (as the
case may be) due to invocation of any of the features mentioned above would constitute as an
event of default as per CARE’s definition of default and as such these instruments may exhibit a
some-what sharper migration of the rating compared with other subordinated debt instruments) 
Hdfc Bank Ltd                        Lower Tier II Bond CARE AAA;    71270  Reaffirmed
                                                       Stable
Hdfc Bank Ltd                        Upper Tier II     CARE AAA;     11050  Reaffirmed
                                     Bonds@            Stable
(@: CARE has rated the aforesaid Upper Tier II Bonds after taking into consideration their
increased sensitivity to HDFC Bank’s Capital Adequacy Ratio (CAR), capital raising ability and
profitability during the long tenure of the instruments. The rating factors in the additional
risk arising due to the existence of the lock-in clause in hybrid instruments. Any delay in
payment of interest/principal (as the case may be) following invocation of the lock-in-clause,
would constitute as an event of default as per CARE’s definition of default and as such these
instruments may exhibit a somewhat sharper migration of the rating compared with conventional
subordinated debt instruments.) 
Adequacy Ratio
Hdfc Bank Ltd                        Infrastructure    CARE AAA;     300000 Reaffirmed
                                     Bonds             Stable
Hdfc Bank Ltd                        Tier II bond      CARE AAA;     100000 Reaffirmed
                                     (Basel III)       Stable
Highway Pvt Ltd -{Binjhabahal To     LT Bk Fac       CARE A-; Stable 4904.7 Reaffirmed
Telebani Section (Km 414.00 To Km
491.71) Of Nh-6 (New Nh-49)}
Ice Make Refrigeration Ltd           LT Bk Fac         CARE BBB+;    23.9   Reaffirmed
                                                       Stable
Ice Make Refrigeration Ltd           LT / ST Bk Fac    CARE BBB+;    190    Reaffirmed
                                                       Stable /CARE A2
Iifl Finance Ltd                     NCDs (NCD)        CARE AA;      8250   Reaffirmed
                                                       Negative
Iifl Finance Ltd                     Subordinated Debt CARE AA;      1000   Reaffirmed
                                                       Negative
Iifl Finance Ltd                     LT Bk Fac         CARE AA;      4000   Reaffirmed
                                                       Negative
Iifl Home Finance Ltd                NCDs              CARE AA;      220    Reaffirmed
                                                       Negative
Incline Realty Pvt. Ltd              LT Bk FacTL*      CARE AA+(CE); 4500   Final Rating
                                                       Negative             Confirmed
(*backed by unconditional and irrevocable corporate guarantee executed by Oberoi Realty Limited
(rated CARE AA+; Negative/CARE A1+) in the favor of lender of Incline Realty Pvt. Ltd. CARE has
obtained legal opinion on Corporate Guarantee as well as other transaction documents provided by
the company.)
J And B Engineering And Construction LT Bk Fac         CARE BB-;     140    Assigned
Company                                                Stable
Jagadeesh Marine Exports             LT Bk Fac         CARE BBB-;    72     Assigned
                                                       Stable
Jagadeesh Marine Exports             LT Bk Fac         CARE BBB-;    864    Reaffirmed
                                                       Stable
Jaigad Power Transco Ltd             LT Bk Fac         CARE A+;Stable 963.5 Reaffirmed
Jaipur Tuffen Glass Industries Pvt Ltd LT Bk Fac       CARE B-; Stable 130.2  -
(Rating removed from ISSUER NOT COOPERATING category and Reaffirmed)
K. Girdharlal International Pvt Ltd  LT Bk Fac         CARE A-;      4000   Reaffirmed
                                                       Negative
Ktc Threads Llp                      LT Bk Fac         CARE B; Stable 4.5   Reaffirmed
Ktc Threads Llp                      LT / ST Bk Fac    CARE B; Stable 110   Reaffirmed
                                                       /CARE A4
Lkp Infra Projects                   LT Bk Fac         CARE B+; Stable 39.3 -
(Revised from CARE B; Stable)
M. K. Shipping And Allied Industries LT Bk Fac         CARE BBB-;    70     Reaffirmed
Pvt Ltd                                                Stable
Mahalaxmi Traders                    LT Bk Fac         -             -      Withdrawn
(Reaffirmed at CARE BB; Stable (Double B; Outlook:Stable) and Withdrawn)
Mahavir Inductomelt Pvt Ltd          LT Bk Fac         CARE BBB-;    140    Reaffirmed
                                                       Stable
Mahavir Rolling Mill Pvt Ltd         LT Bk Fac         CARE BBB-;    200    Reaffirmed
                                                       Stable
Maru Transmission Service Co. Ltd    LT Bk Fac         CARE A; Stable 825   Reaffirmed
Mourya Aquex Pvt Ltd                 LT Bk Fac         CARE BBB-;    60     Assigned
                                                       Stable
Mourya Aquex Pvt Ltd                 LT Bk Fac         CARE BBB-;    304    Reaffirmed
                                                       Stable
Mourya Aquex Pvt Ltd                 LT / ST Bk Fac    CARE BBB-;    600    Reaffirmed
                                                       Stable /CARE A3
Muthoot Microfin Ltd -Credavenue Eato Series A2 PTCs   CARE A (SO)   -      -
12 2020
Muthoot Microfin Ltd -Credavenue Eato Series A1 PTCs   CARE A+ (SO)  -      -
12 2020
Naiknavare Buildcon Pvt Ltd          NCDs              CARE D        800    Reaffirmed
Naiknavare Profile Constructions Pvt NCDs              CARE C; Stable 635   Reaffirmed
Naiknavare Profile Constructions Pvt NCDs              CARE C; Stable 60    Reaffirmed
Nava Bharat Energy India Ltd         LT / ST Bk Fac    CARE A- (CE); 200    -
                                                       Stable /CARE
                                                       A2+ (CE)
(Revised from CARE BBB-; Stable / CARE A3)
Nava Bharat Energy India Ltd         LT Bk Fac         CARE A- (CE); 500    -
                                                       Stable*
(Revised from CARE BBB-; Stable. 
*the ratings are based on credit enhancement in the form of an unconditional irrevocable
corporate guarantee extended by holding company; Nava Bharat Ventures Limited (NBVL)) 
Nocil Ltd                            LT Bk Fac         CARE AA; Stable 1200 Reaffirmed
Ongc Tripura Power Co. Ltd           LT Bk Fac TL      CARE AA; Stable 18400Reaffirmed
Ongc Tripura Power Co. Ltd           LT Bk Fac CC      CARE AA; Stable 4140 Reaffirmed
Oriental Hotels Ltd                  TL                CARE A+;      1900   Reaffirmed
                                                       Negative
Oriental Sales Corporation           LT Bk Fac         CARE BB-;     30     -
                                                       Stable
(Revised from CARE BB; Stable)
Oriental Sales Corporation           LT / ST Bk Fac    CARE BB-;     384    -
                                                       Stable /CARE A4
(Revised from CARE BB; Stable / CARE A4)
Palmar Mills Pvt Ltd                 LT Bk Fac         CARE BB; Stable 96.6 Reaffirmed
(Rating removed from ISSUER NOT COOPERATING category and Reaffirmed)
Parsa Kente Collieries Ltd           LT / ST Bk Fac    CARE BBB+;    3150   -
                                                       Stable /CARE A2
(Revised from CARE BBB; Positive / CARE A3+)
Parvati Industries Pvt Ltd           LT Bk Fac         CARE BB+;     390    Reaffirmed
                                                       Stable
Pegasus Properties Pvt Ltd           NCDs              CARE BB-;     1217   -
                                                       Stable
(Revised from CARE BB; Stable)
Png Brothers                         LT Bk Fac         CARE BBB;     45     Assigned
                                                       Stable
Png Brothers                         LT Bk Fac         CARE BBB;     697.9  Reaffirmed
                                                       Stable
Precision Plastic Industries Pvt Ltd LT Bk Fac – TL    CARE BBB-;    187.4  Reaffirmed
                                                       Stable
(Outlook revised from Negative)
Precision Plastic Industries Pvt Ltd LT Bk Fac – CC    CARE BBB-;    350    Reaffirmed
                                     Limit             Stable
(Outlook revised from Negative)
Pspn Synergy Pvt Ltd                 LT Bk Fac         CARE BBB-;    502.5  Reaffirmed
                                                       Stable
Puneet Industries Pvt Ltd            LT Bk Fac         CARE BBB-;    110    Reaffirmed
                                                       Stable
Rama Phosphates Ltd                  LT Bk Fac         CARE BBB;     550    Reaffirmed
                                                       Stable
Ramky Elsamex Hyderabad Ring Road Ltd LT Bk Fac         CARE BBB-;    10*    Reaffirmed
                                                       Stable
(*The bank loan facilities rated by CARE has been entirely pre-paid by the company and the
rating will be withdrawn subsequent to the receipt of No Due Certificate from banker(s).) 
Renew Solar Energy (Jharkhand One) Pvt LT Bk Fac       CARE A+ (CE); 350    Assigned
Ltd                                                    Stable
Renew Surya Aayan Pvt Ltd            LT Bk Fac         CARE A+ (CE); 400    Assigned
                                                       Stable
Ritco Logistics Ltd                  LT Bk Fac Fund    CARE BBB+;    500    Reaffirmed
                                     Based-CC          Stable
S K Samanta & Company Pvt Ltd        LT Bk Fac         CARE A-; Stable 200  Reaffirmed
S. Rajendran                         LT Bk Fac         CARE B; Stable 20    -
(Rating continues to remain under ISSUER NOT COOPERATING category and Revised from CARE B+;
Stable)
Samta Energy Pvt Ltd                 LT Bk Fac – TL    CARE A-; Stable 1388.2 -
(Revised from CARE BBB+; Stable)
Sanathan Textiles Pvt Ltd            LT Bk Fac         CARE BBB;     4971.3 Reaffirmed
                                                       Stable
Scoda Tubes Ltd                      LT Bk Fac         CARE BB-;     114.6  Reaffirmed
                                                       Stable
Shripaper Product (Indore) Pvt Ltd   LT / ST Bk Fac    -             -      -
(Reaffirmed and Withdrawn)
Shripaper Product (Indore) Pvt Ltd   LT Bk Fac         -             -      -
(Reaffirmed and Withdrawn)
Sparkle Diam Pvt Ltd                 LT Bk Fac         CARE A- (CE); 200    Reaffirmed
                                                       Negative
Sri Ganapathy Enterprises            LT Bk Fac         CARE B+;      152.5  -
                                                       Stable;
(Rating continues to remain under ISSUER NOT COOPERATING category and Revised from CARE BB-;
Stable)
Sri Sai Educational Trust            LT Bk Fac         CARE B-;      46.8   -
                                                       Stable;
(Revised from CARE B; Stable; and moved to ISSUER NOT COOPERATING category)
Svatantra Micro Housing Finance      LT Bk Fac         CARE A+; Stable 3500 Reaffirmed
Corporation Ltd
Svatantra Micro Housing Finance      NCDs              CARE A+; Stable 531  Reaffirmed
Corporation Ltd
Urban Space Projects Pvt Ltd         LT Bk Fac         CARE BBB-     1000   Assigned
                                                       (CE); Stable
Yogakshemam Loans Ltd                NCDs (Proposed)   -             -      Withdrawn
Yogakshemam Loans Ltd                LT Bk Fac         CARE BBB-;    450    Reaffirmed
                                                       Stable
--------------------------------------------------------------------------------------------
$: 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@refinitiv.com)
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