Jan 7 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of January 6, 2020.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------- ---------- ------ ------- ---------
SHORT TERM RATINGS:
-------------------
Aavas Financiers Ltd Proposed CP CARE A1+ 1000 Reaffirmed
Agrawal Sponge Pvt. Ltd. ST Bk Fac CARE A4+ 100 Revised
from CARE A3
(Issuer Not Cooperating)
Akash Ganga Rice Mills Pvt Ltd ST BkFac CARE A4 13
(Issuer Not Cooperating)
Banco Products (India) Ltd ST Bk Fac CARE A1+ 15 Reaffirmed
Best It World (India) Pvt Ltd ST Bk Fac CARE A4 1170 Revised from
CARE A4+
Birla Cable Ltd ST Bk Fac CARE A1+ (CE) 1530* Reaffirmed
* the above ratings are based on credit enhancement in the form of unconditional and irrevocable
corporate guarantee from Vindhya Telelinks Limited (VTL, rated CARE A+; Stable/ CARE A1+)
Ceat Ltd ST Bk Fac CARE A1+ 11500 Reaffirmed
Ceat Ltd CP CARE A1+ 3500 Reaffirmed
Chakdah Rice Mill Pvt Ltd ST Bk Fac CARE A4 2
(Issuer Not Cooperating)
Chetak Enterprises Ltd ST BkFac CARE A1 20 Reaffirmed
Chetak Jainco Tollways Ltd ST BkFac CARE A1 (CE) 19.4 Reaffirmed
Chetak Mitra Tollways Ltd ST BkFac CARE A1 (CE) 35.3 Reaffirmed
Coimbatore Capital Ltd ST Bk Fac CARE A4+ 370 Revised from
CARE A3
Conffi Sanitaryware Pvt Ltd ST Bk Fac CARE A2 10 Reaffirmed
(reduced from Rs. 1.08 crore* Crore)/*Credit exposure limit of Rs.0.08 crore is withdrawn as the
same is surrendered by the company.
Daga Strips Pvt Ltd ST Bk Fac - - Reaffirmed at
CARE A4 and
Withdrawn
(Issuer Not Cooperating)
Daga Poly Laminators Pvt Ltd ST Bk Fac - - Reaffirmed at
CARE A4 and
Withdrawn
(Issuer Not Cooperating)
Dbl Tikamgarh Nowgaon Tollways Ltd ST BkFac CARE A1 (CE) 51.3 Reaffirmed
Devi Iron & Power Pvt Ltd ST Bk Fac CARE A3 175
(Issuer Not Cooperating)
Essel Finance Amc Ltd Essel ST Fund - - Withdrawn
Edgetech Air Systems Pvt Ltd ST BkFac CARE A4+ 100 Reaffirmed
Fiorenza Granito Pvt Ltd ST Bk Fac CARE A3 81.2 Reaffirmed
Fullerton India Credit Co. Ltd CP (CP) CARE A1+ 45000 Reaffirmed
Geecy Engineering Pvt Ltd ST Bk Fac CARE A3+ 210 Reaffirmed
Gujarat Metal Cast Industries Pvt Ltd ST Bk Fac CARE A3 2.5 Reaffirmed
Gypsy Exports ST Bk Fac CARE A4 27
(Issuer Not Cooperating)
Hdfc Bank Ltd CDs CARE A1+ 400000
Honour Lab Ltd ST Bk Fac CARE A2 1700 Reaffirmed
India Carbon Ltd ST Bk Fac CARE A2+ 794.7 Reaffirmed
Jai Mata Di Enterprises Short- Term Bk Fac CARE A4 90 Assigned
K. D Singh ST Bk Fac CARE A4 70
(Issuer Not Cooperating)
Kpc Projects Ltd ST Bk Fac CARE A2 50 Reaffirmed
M G Threads ST Bk Fac CARE A4 7 Reaffirmed
Maheshwari Technocast Ltd ST Bk Fac CARE A4 25
(Issuer Not Cooperating)
Mcpi Pvt Ltd ST Bk Fac CARE A1 18300
(Non-Fund
Based-LC/BG)
(reduced from Rs.1850 crore Crore)/Placed on credit watch with developing implications
Mcpi Pvt Ltd ST Bk Fac CARE A1 650
(Non-Fund Based –
Derivative Limit)
Placed on credit watch with developing implications
Mehali Papers Pvt Ltd ST Bk Fac CARE A2+ 75 Revised from
CARE A2
Pil Italica Lifestyle Ltd ST Bk Fac CARE A4 20 Assigned
Pravesha Industries Pvt Ltd ST Bk Fac - ST Loan- 0 Withdrawn
Pravesha Industries Pvt Ltd ST Bk Fac CARE A2+ 550 Reaffirmed
(reduced from Rs.73.33 crore Crore)
Prime Star ST Fac CARE A4 100 Reaffirmed
Ram Ratna Electricals Ltd ST BkFac CARE A3 10
Placed on Credit watch with developing implications
Rashmi Sponge Iron & Power Industries ST Bk Fac CARE A4+ 100 Revised from
Ltd. CARE A3
(Issuer Not Cooperating)
Raychem Rpg Pvt Ltd CP (CP) Issue CARE A1+ 600 Reaffirmed
Rimjhim Ispat Ltd ST Bk Fac CARE A2 1850 Reaffirmed
Shivpuja Constructions Pvt Ltd ST Bk Fac - - Withdrawn
Shiva Pharmachem Ltd ST Bk Fac CARE A2 1950 Revised from
CARE A3+
(enhanced from 165.00 Crore)
Solaris Ceramics Pvt Ltd ST Bk Fac CARE A2+ 63 Reaffirmed
Spc Chetak Tollways Pvt Ltd ST BkFac CARE A1 (CE) 20.3 Reaffirmed
Sperry International Pvt Ltd ST Bk Fac CARE D 168
(Issuer Not Cooperating)
Sperry Plast Ltd ST Bk Fac CARE D 265
(Issuer Not Cooperating)
Srm Construction ST Bk Fac CARE A4+ 70 Assigned
Terram Geosynthetics Pvt Ltd ST Bk Fac CARE A3+ 80 Reaffirmed
Time Mauser Industries Pvt Ltd ST Bk Fac CARE A1 (CE)* 500 Reaffirmed
*The bank facilities of Time Mauser Industries Pvt. Ltd. (TMIPL) are backed by Letter of Comfort
extended by Time Technoplast Limited (TTL, Flagship Company
Tocco Ceramics Pvt Ltd ST Bk Fac CARE A2+ 50.5 Reaffirmed
Ucal Fuel Systems Ltd ST BkFac CARE A3+ 850 Reaffirmed
Varmora Granito Pvt Ltd ST Bk Fac CARE A2+ 98 Reaffirmed
Varmora International ST Bk Fac CARE A2+ 10 Reaffirmed
Vikran Engineering & Exim Pvt Limtied ST Bk Fac CARE A3 100 Reaffirmed
Vindhya Telelinks Ltd ST Bk Fac CARE A1+ 20905 Reaffirmed
Welways Engineers (India) ST BkFac CARE A4 40
(Issuer Not Cooperating)
MEDIUM TERM RATINGS:
-------------------
Hdfc Bank Ltd Fixed Deposits CARE AAA (FD) -
Stable
LONG TERM RATINGS:
-------------------
Aarish Solar Power Pvt Ltd NCDs CARE AA- (CE) 2700 Reaffirmed
Stable
(reduced from 295.50 crs)
Aashman Energy Pvt Ltd NCDs CARE AA- (CE) 2700 Reaffirmed
Stable
(reduced from 295.50 crs)
Aatulya Lifecare Pvt Ltd LT Bk Fac CARE D 46.4 Reaffirmed
Aavas Financiers Ltd LT Bk Fac CARE AA- Stable26620 Reaffirmed
Aavas Financiers Ltd LT sub-ordinated CARE AA- Stable1000 Reaffirmed
debt
Aavas Financiers Ltd LT NCDs CARE AA- Stable7950* Reaffirmed
Acme Pv Powertech Pvt Ltd LT Bk Fac – TL CARE BBB 2952.1 Reaffirmed
Negative
Acme Pv Powertech Pvt Ltd LT Bk Fac – CARE BBB 210 Reaffirmed
Working Capital Negative
Loan
Adani Agri Logistics (Dewas) Ltd LT BkFac* - - Withdrawn
*CARE has withdrawn the rating assigned to the term debt, as there is no outstanding against the
said facility and no due certificate is received from the lender.
Adani Agri Logistics (Dewas) Ltd LT/ST Bk Fac CARE A- 21.5 Revised from
Stable/CARE A2+ CARE BBB+
Stable/ CARE A3+
*CARE has withdrawn the rating assigned to the term debt, as there is no outstanding against the
said facility and no due certificate is received from the lender.
Adani Agri Logistics (Harda) Ltd LT BkFac* - - Withdrawn
*CARE has withdrawn the rating assigned to the term debt, as there is no outstanding against the
said facility and no due certificate is received from the lender.
Adani Agri Logistics (Harda) Ltd LT/ST Bk Fac CARE A- 21.5 Revised from
Stable/CARE A2+ CARE BBB+
Stable/ CARE A3+
Adani Agri Logistics (Hoshangabad) LtdLT Bk Fac* - - Withdrawn
*CARE has withdrawn the rating assigned to the term debt, as there is no outstanding against the
said facility and no due certificate is received from the lender.
Adani Agri Logistics (Hoshangabad) LtdLT/ST Bk Fac CARE A- 21.5 Revised from
Stable/CARE A2+ CARE BBB+
Stable/ CARE A3+
Adani Agri Logistics (Mp) Ltd LT Bk Fac* - - Withdrawn
*CARE has withdrawn the rating assigned to the term debt, as there is no outstanding against the
said facility and no due certificate is received from the lender.
Adani Agri Logistics (Mp) Ltd LT/ST Bk Fac CARE A- 21.5 Revised from
Stable/CARE A2+ CARE BBB+
Stable/ CARE A3+
Adani Agri Logistics (Satna) Ltd LT Bk Fac* - - Withdrawn
*CARE has withdrawn the rating assigned to the term debt, as there is no outstanding against the
said facility and no due certificate is received from the lender.
Adani Agri Logistics (Satna) Ltd LT/ST Bk Fac CARE A- 21.5 Revised from
Stable/CARE A2+ CARE BBB+
Stable/ CARE A3+
Adani Agri Logistics (Ujjain) Ltd LT BkFac* - - Withdrawn
*CARE has withdrawn the rating assigned to the term debt, as there is no outstanding against the
said facility and no due certificate is received from the lender.
Adani Agri Logistics (Ujjain) Ltd LT/ST Bk Fac CARE A- 21.5 Revised from
Stable/CARE A2+ CARE BBB+
Stable/ CARE A3+
Agra Gwalior Pathways Pvt Ltd LT BkFac CARE BBB+ (CE) 2176.3
Placed on credit watch with developing implications
Agrawal Channel Mills Pvt Ltd LT Bk Fac CARE BBB- 285.5 Revised from
Stable CARE BBB
Stable
(Issuer Not Cooperating)
Agrawal Sponge Pvt. Ltd. LT Bk Fac CARE BB+; 200 Revised from
Stable CARE BBB-;
Stable
(Issuer Not Cooperating)
Ajanta Shoes (India) Pvt Ltd CP (CP) Issue * - - Withdrawn
*by carving out of CC Limit of SBI of Rs.21 crore/Drawing Power whichever is lower
Akash Ganga Rice Mills Pvt Ltd LT BkFac CARE B+ Stable 62 Revised from
CARE BB-
Stable
(Issuer Not Cooperating)
Allahabad Bypass Pathways Pvt Ltd LT BkFac CARE BBB+ (CE) 939.8
Placed on Credit watch with Developing Implications
A-One Tex Tech Pvt Ltd LT Bk Fac CARE BB Stable 69.2 Revised from
CARE BB-
Stable
Assam Air Products Pvt Ltd LT Bk Fac CARE BBB+ 266.1 Reaffirmed
Stable
(reduced from 33.00 crs)
Assam Air Products Pvt Ltd LT/ST Bk Fac CARE BBB+ 70 Reaffirmed
Stable /CARE
A3+
Bala Industries And Entertainment Pvt LT Bk Fac - - Withdrawn
Ltd
Balotra Water Pollution Control LT/ST BkFac CARE BBB- 150 Assigned
Treatment & Research Foundation Trust Stable/CARE A3
Banco Products (India) Ltd LT / ST BkFac CARE AA Stable 235 Reaffirmed
/CARE A1+
Bandhan Bank Ltd Unsecured CARE AA- Stable1600 Reaffirmed
Subordinated
Nonconvertible Debenture
Removed from credit watch
Bank Of Maharashtra Infrastructure CARE A+ 10000 Reaffirmed
Bonds^ Positive
outlook revised from Stable to Positive/^The long-term infrastructure bonds are unsecured and
would rank pari-passu along with other uninsured, unsecured creditors. These bonds are senior to
the subordinated bonds of the bank. RBI vide its circular dated July 15, 2014, has allowed banks
to raise these bonds to finance their long-term loans to infrastructure as well as affordable
housing with minimum regulatory pre-emption such as CRR, SLR and priority sector lending.
Bank Of Maharashtra Tier II CARE A+ 10000 Reaffirmed
Subordinated Positive
BondSeries (Basel III)
outlook revised from Stable to Positive
Best It World (India) Pvt Ltd LT Bk Fac CARE BB 800 Revised from
Negative CARE BB+
Stable
Beta Wind Farm Pvt Ltd LT Bk Fac CARE D 8969.1 Reaffirmed
Birla Cable Ltd LT Bk Fac CARE A+ (CE) - Revised from
Stable CARE AA-(CE)
Stable
* the above ratings are based on credit enhancement in the form of unconditional and irrevocable
corporate guarantee from Vindhya Telelinks Limited (VTL, rated CARE A+; Stable/ CARE A1+)
Ceat Ltd LT Bk Fac CARE AA Stable 10000 Reaffirmed
Chakdah Rice Mill Pvt Ltd LT Bk Fac CARE BB- Stable65.5
(Issuer Not Cooperating)
Chandigarh Distillers & Bottlers Ltd LT Bk Fac CARE BBB+ 597.8 Reaffirmed
Stable
(reduced from 67.09 Crore)
Chetak Enterprises Ltd LT BkFac (TL) CARE A; $^ Reaffirmed
Negative
Outlook revised from Stable to Negative /$ This term loan is backed by first charge on escrow
of toll receivable from Pune-Ahmednagar (P-A) road project
^ This term loan is backed by first charge on escrow of toll receivable from
Ferozpur-Jalalbad-Fazilka (F-J-F) road project
Chetak Enterprises Ltd LT BkFac (Fund CARE A; 1600 Reaffirmed
based –Working Negative
Capital Limits)
revised from Stable to Negative
Chetak Enterprises Ltd LT/STBk Fac CARE A; 8400 Reaffirmed
Negative/CARE
A1
Outlook revised from Stable to Negative
Chetak Jainco Tollways Ltd LT BkFac CARE A (CE); 281.8 Reaffirmed
Negative
Outlook revised from Stable to Negative
Chetak Mitra Tollways Ltd LT BkFac CARE A (CE); 347.1 Reaffirmed
Negative
Outlook revised from Stable to Negative /(reduced from Rs.34.80 crore)
Conffi Sanitaryware Pvt Ltd LT Bk Fac CARE BBB+ 178.8 Reaffirmed
Stable
(enhanced from Rs.15.86 Crore)
Daga Poly Laminators Pvt Ltd LT/ST BkFac - - Reaffirmed at
CARE BB
Stable/CARE A4
and Withdrawn
(Issuer Not Cooperating)
Daga Poly Laminators Pvt Ltd LT Bk Fac - - Reaffirmed at
CARE BB
Stable and
Withdrawn
(Issuer Not Cooperating)
Daga Polypack Pvt Ltd LT/ST BkFac - - Reaffirmed at
CARE BB-
Stable/CARE A4
and Withdrawn
(Issuer Not Cooperating)
Daga Polypack Pvt Ltd LT Bk Fac - - Reaffirmed at
CARE BB-
Stable and
Withdrawn
(Issuer Not Cooperating)
Daga Strips Pvt Ltd LT/ST BkFac - - Reaffirmed at
CARE BB-
Stable/CARE A4
and Withdrawn
(Issuer Not Cooperating)
Daga Strips Pvt Ltd LT Bk Fac - - Reaffirmed at
CARE BB-
Stable and
Withdrawn
(Issuer Not Cooperating)
Daga Udhyog LT/ST BkFac - - Reaffirmed at
CARE BB-
Stable/CARE A4
and Withdrawn
(Issuer Not Cooperating)
Daga Udhyog LT Bk Fac - - Reaffirmed at
CARE BB-
Stable and
Withdrawn
(Issuer Not Cooperating)
Dbl Betul-Sarni Tollways Ltd LT Bk Fac CARE A (CE); 1853.2 Reaffirmed
Stable
Dbl Hata Dargawon Tollways Ltd LT BkFac CARE A (CE); 659.1 Reaffirmed
Stable
Dbl Hata Dargawon Tollways Ltd LT / Shortterm CARE A (CE); 37.1 Reaffirmed
BkFac Stable/CARE A1
(CE)
Dbl Patan Rehli Tollways Ltd LT BkFac CARE A (CE); 1669.7 Reaffirmed
Stable
(reduced from Rs.177.2 Crore)
Dbl Patan Rehli Tollways Ltd LT/ Shortterm BkFacCARE A(CE); 104.3 Reaffirmed
Stable/CARE A1
(CE)
Dbl Tikamgarh Nowgaon Tollways Ltd LT BkFac CARE A (CE); 778.3 Reaffirmed
Stable
Delhi Integrated Multi-Modal Transit LT Bk Fac CARE A Stable 50 Reaffirmed
System Ltd
Delhi Integrated Multi-Modal Transit LT/ ST Bk Fac CARE A 200 Reaffirmed
System Ltd Stable/CARE A1
Devi Iron & Power Pvt Ltd LT Bk Fac CARE BBB- 355 Revised from
Stable CARE BBB
Stable
(Issuer Not Cooperating)
Dilip Buildcon Ltd LT / ST BkFac - - Withdrawn
(Non-Fund Based) –
BG^
^backed by unconditional and irrevocable counter guarantee from LTIFCL. The ratings were to be
confirmed upon issuance of bank guarantee by the lender and submission of other relevant
documents to the satisfaction of CARE. However, the bank guarantee has not been issued yet and
company has no plan to issue the same in the medium term. Hence, CARE has withdrawn Provisional
CARE AAA (CE); Stable/ CARE A1+(CE) ratings assigned to the proposed bank guarantee of Dilip
Buildcon Ltd with immediate effect in line with CARE s policy on assignment of provisional
rating and CARE s policy on withdrawal of the ratings.
Dilip Buildcon Ltd LT Bk Fac CARE A Stable 19400 Reaffirmed
Dilip Buildcon Ltd LT / ST BkFac CARE A Stable 45000 Reaffirmed
/CARE A1
Dilip Buildcon Ltd LT / STBk Fac CARE AAA (CE) 550 Reaffirmed
(Non-FundBased) – Stable /CARE
BG# A1+ (CE)
# backed by unconditional and irrevocable counter guarantee from L&T Infrastructure Finance
Company Ltd (LTIFCL, rated CARE AAA; Stable / CARE A1+).
Divyesh Power Pvt Ltd NCDs CARE AA- (CE) 2700 Reaffirmed
Stable
(reduced from 295.50 Crore)
Eca Infrastructure India Pvt Ltd LT BkFac CARE A (CE); 508.9 Reaffirmed
Negative
outlook revised from Stable to Negative
Eca Infrastructure India Pvt Ltd LT/ Shortterm BkFacCARE A (CE); 76.4 Reaffirmed
Negative/CARE
A1 (CE)
outlook revised from Stable to Negative
Edgetech Air Systems Pvt Ltd LT BkFac CARE BB+ Stable310.7 Reaffirmed
Elena Renewable Energy Pvt Ltd NCDs CARE AA- (CE) 2700 Reaffirmed
Stable
(reduced from 295.50 Crore)
Epsilon Advance Material Pvt Limied LT Bk Fac* CARE A- (CE*); 232.7 Assigned
Negative
*Backed for unconditional and irrevocable Corporate Guarantee of Epsilon Carbon Private Limited
(ECPL) (rated CARE A-; Negative/ CARE A2)
Fiorenza Granito Pvt Ltd LT Bk Fac CARE BBB- 273.3 Reaffirmed
Stable
Fullerton India Credit Co. Ltd LT Bk Fac CARE AAA; 10000 Reaffirmed
Stable
Fullerton India Credit Co. Ltd NCDs (NCD) CARE AAA; 34350 Reaffirmed
Stable
Fullerton India Credit Co. Ltd Subordinated Debt CARE AAA; 11000 Reaffirmed
Stable
Geecy Engineering Pvt Ltd Long/ST BkFac CARE BBB; 90 Reaffirmed
Stable/CARE A3+
Gemini Edibles And Fats Pvt Ltd LT Bk Fac - - Reaffirmed at
CARE A- and
Withdrawn
outlook Stable and withdrawn
Gemini Edibles And Fats Pvt Ltd ST Bk Fac - - Reaffirmed at
CARE A2+ and
withdrawn
Goex Freight Solutions Pvt Ltd LT BkFac CARE A+ (CE)* 75 Reaffirmed
Stable
*The bank facilities of Goex Freight Solutions Pvt. Ltd. ( GFSPL) are backed by and undertaking
extended by Time Technoplast Limited (TTL, Flagship Company of Time group; rated CRISIL AA-
stable/ CRISIL A1+ to the lenders of GFSPL.
Goswami Infratech Pvt Ltd NCDs (NCDs) Issue CARE AA (CE) 2000 Reaffirmed
– Tranche-III (1)^ Stable
^The above NCD s are backed by the credit enhancement in the form of Credit Support Undertaking
(CSU) issued jointly and severally from investments companies of the Shapoorji Pallonji (SP)
group namely SC Finance & Investment Private Limited (SC Finance), SP Finance Private Limited
(SP Finance), Cyrus Investment Private Limited (CYRUS) and Sterling Investment Corporation
Private Limited (STERLING) together known as “Credit Support Providers” (CSPs) ensuring timely
servicing of rated obligations.
Goswami Infratech Pvt Ltd NCDs (NCDs) Issue CARE AA (CE) 1750 Reaffirmed
– Tranche-III (2)^ Stable
^The above NCD s are backed by the credit enhancement in the form of Credit Support Undertaking
(CSU) issued jointly and severally from investments companies of the Shapoorji Pallonji (SP)
group namely SC Finance & Investment Private Limited (SC Finance), SP Finance Private Limited
(SP Finance), Cyrus Investment Private Limited (CYRUS) and Sterling Investment Corporation
Private Limited (STERLING) together known as “Credit Support Providers” (CSPs) ensuring timely
servicing of rated obligations.
Goswami Infratech Pvt Ltd NCDs (NCDs) Issue CARE AA(CE) 6000 Reaffirmed
– Tranche-I^ Stable
^The above NCD s are backed by the credit enhancement in the form of Credit Support Undertaking
(CSU) issued jointly and severally from investments companies of the Shapoorji Pallonji (SP)
group namely SC Finance & Investment Private Limited (SC Finance), SP Finance Private Limited
(SP Finance), Cyrus Investment Private Limited (CYRUS) and Sterling Investment Corporation
Private Limited (STERLING) together known as “Credit Support Providers” (CSPs) ensuring timely
servicing of rated obligations.
Goswami Infratech Pvt Ltd NCDs (NCDs) Issue ProvCARE 1819 Reaffirmed
– Tranche-II^ AA(CE) Stable
^The above NCD s are backed by the credit enhancement in the form of Credit Support Undertaking
(CSU) issued jointly and severally from investments companies of the Shapoorji Pallonji (SP)
group namely SC Finance & Investment Private Limited (SC Finance), SP Finance Private Limited
(SP Finance), Cyrus Investment Private Limited (CYRUS) and Sterling Investment Corporation
Private Limited (STERLING) together known as “Credit Support Providers” (CSPs) ensuring timely
servicing of rated obligations.
Greentech Power Pvt Ltd LT Bk Fac CARE A- Stable 83.6 Reaffirmed
Gujarat Metal Cast Industries Pvt Ltd LT/ST BkFac CARE BBB- 100 Reaffirmed
Negative/CARE
A3
Outlook revised from Stable to Negative
Guna Sheopur Pathways Pvt Ltd LT BkFac CARE BBB+ 499.2 Reaffirmed
Stable
Gvk Emergency Management & Research LT Bk Fac CARE BBB+: 436.5 Reaffirmed
Institute Stable
Gvk Emergency Management & Research Long/ST Bk Fac CARE BBB+: 484.1 Reaffirmed
Institute Stable /CARE
A3+
Gwalior Pathways Pvt Ltd LT BkFac CARE BBB+ (CE) 250
Placed on credit watch with developing implications
Gypsy Exports LT Bk Fac CARE B Stable 34 Revised from
CARE B+ Stable
(Issuer Not Cooperating)
Harak Chandra Flour Mills Ltd Long- Term Bk Fac - - Reaffirmed at
CARE BB
Stable and
Withdrawn
Hdfc Bank Ltd Additional Tier I CARE AA+; 150000
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 BondsCARE AAA; 71270 Reaffirmed
Stable
Hdfc Bank Ltd Upper Tier II CARE AAA; 11050
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.
Hdfc Bank Ltd Infrastructure CARE AAA; 300000
Bonds Stable
Hdfc Bank Ltd Tier II bond CARE AAA; 100000
(Basel III) Stable
Hdfc Bank Ltd Lower Tier II CARE AAA; - Withdrawn
Bonds* Stable
*rating assigned is withdrawn with immediate effect, as the bank has fully repaid the amount
under the said instrument and there is no amount outstanding under the issue.
Hdfc Bank Ltd Upper Tier II CARE AAA; -
Bonds* Stable
*rating assigned is withdrawn with immediate effect, as the bank has fully repaid the amount
under the said instrument and there is no amount outstanding under the issue.
Hdfc Credila Financial Services Pvt LtIssuer rating* - - Withdrawn
*rating assigned is withdrawn with immediate effect, as the bank has fully repaid the amount
under the said instrument and there is no amount outstanding under the issue.
Hdfc Credila Financial Services Pvt LtPerpetual Debt CARE AA+ Stable2750 Reaffirmed
Hdfc Credila Financial Services Pvt LtNon- Convertible CARE AAA 5000 Reaffirmed
Debenture Stable
Hdfc Credila Financial Services Pvt LtSubordinate Debt CARE AAA 1000 Reaffirmed
Stable
Hindustan Coils Ltd LT Bk Fac CARE BBB- 565 Revised from
Stable CARE BBB
Stable
(Issuer Not Cooperating)
Honour Lab Ltd LT Bk Fac CARE A- Stable 2973.9 Reaffirmed
India Carbon Ltd LT Bk Fac CARE A- 205.3 Reaffirmed
Negative
outlook revised fromStable
India Land Infrastructure Development LT Bk Fac CARE A Stable 51.7 Reaffirmed
Pvt Ltd
Ispat India LT Bk Fac CARE BBB- 255 Revised from
Stable CARE BBB
Stable
(Issuer Not Cooperating)
Jai Mata Di Enterprises Long -Term Bk Fac CARE B+ Stable 51.8 Assigned
Jalpa Devi Tollways Ltd LT BkFac CARE A (CE); 6540 Reaffirmed
Stable
Jm Enviro Technologies Pvt Ltd Long- Term/ ST Bk - - Withdrawn
Fac
Juhi Alloys Ltd LT BkFac CARE BBB+ 200 Reaffirmed
Stable
Jupiter Lifeline Hospitals Ltd LT Bk Fac (TL) CARE A- Stable 2637 Reaffirmed
Jupiter Lifeline Hospitals Ltd LT Bk Fac (Fund CARE A- Stable 250 Reaffirmed
Based)
K. D Singh LT Bk Fac CARE B+ Stable 10 Revised from
CARE BB-
Stable
(Issuer Not Cooperating)
Kanchanjunga Power Company Pvt Ltd NCDs CARE BBB+ 1280 Reaffirmed
Stable
Kanchanjunga Power Company Pvt Ltd LT/ ST Bk Fac (NFB)CARE BBB+ 50 Reaffirmed
Stable/CARE A3+
Khandwa Agroh Pathways Pvt Ltd LT BkFac @ CARE BBB+ (CE) 1360.8
Placed on credit watch with developing implications /@ The above rating is backed by credit
enhancement in the form of unconditional and irrevocable guarantee extended by Prakash
Asphalting Toll Highways (India) Limited (PATH; rated CARE BBB+/ CARE A2; Under credit
watch with developing implications) and Agroh Infrastructure Developers Private Limited (AIDPL;
rated CARE BBB; Stable / CARE A3+) for timely servicing of the said bank facility.
Knowledge Institute Of Technology TrusLong -term Bk Fac CARE BB+ 58.3 Reaffirmed
Stable
Kochas Power Pvt Ltd Long- Term Bk Fac - -
Reaffirmed at CARE D; (Issuer Not Cooperating); and Withdrawn
Kpc Projects Ltd LT Bk Fac CARE A- Stable 1190 Reaffirmed
Kpc Projects Ltd LT/ST Bk Fac CARE A- 2267.5 Reaffirmed
Stable/CARE A2
Lion Fabrics Pvt Ltd LT Bk Fac CARE BB+ 150 Assigned
Stable
M G Threads LT Bk Fac CARE BB- 137.8 Revised from
Stable CARE B+ Stable
Maheshwari Technocast Ltd LT Bk Fac CARE B Stable 69 Revised from
CARE B+ Stable
(Issuer Not Cooperating)
Mcpi Pvt Ltd LT Bk Fac (Fund CARE A 3000
Based)
(enhanced from Rs.150 Crore)/ Placed on credit watch with developing implications
Mcpi Pvt Ltd LT Bk Fac (TL) CARE A 7200
Placed on credit watch with developing implications
Mehali Papers Pvt Ltd LT Bk Fac CARE A- Stable 2180 Revised from
CARE BBB+
Stable
Metro Institute Of Medical Sciences PvLT Bk Fac CARE BBB- 1127.5 Reaffirmed
Ltd Stable
Metro Mas Hospitals Pvt Ltd LT BkFac (SCB) CARE BB+ 91 Revised from
Stable^ CARE BBB-(CE)
Stable
^Corporate Guarantee for this facility does not exist.
Metro Mas Hospitals Pvt Ltd LT BkFac(OBC) CARE BBB-(CE) 50 Reaffirmed
Stable
Metro Medical Services Ltd LT BkFac(Yes Bk) CARE BB+ 14 Revised from
Stable^ CARE BBB-(CE)
Stable
^Corporate guarantee does not exist for the facility.
Metro Medical Services Ltd LT BkFac(PNB & CARE BBB-(CE) 203.8 Reaffirmed
HDFC)
Mhow Agroh Pathways Pvt Ltd LT BkFac @ CARE BBB+ (CE) 1367.4
Placed on credit watch with developing implications /@ The above rating is backed by credit
enhancement in the form of unconditional and irrevocable guarantee extended by Prakash
Asphalting Toll Highways (India) Limited (PATH; rated CARE BBB+/ CARE A2; Under credit
watch with developing implications) and Agroh Infrastructure Developers Private Limited (AIDPL;
rated CARE BBB; Stable / CARE A3+) for timely servicing of the said bank facility.
Muthoottu Mini Financiers Ltd NCD Issue-I - - Withdrawn
Muthoottu Mini Financiers Ltd NCD Issue-II CARE BBB- 558.6 Reaffirmed
Stable
Muthoottu Mini Financiers Ltd NCD Issue-III CARE BBB- 1320.3 Reaffirmed
Stable
Muthoottu Mini Financiers Ltd NCD issue CARE BBB- 2000 Reaffirmed
(Proposed) Stable
Naiknavare Buildcon Pvt Ltd Non – Convertible CARE D 800 Reaffirmed
Debentures
Naiknavare Profile Constructions Pvt LNon – Convertible CARE C Stable 650 Reaffirmed
Debentures
Naiknavare Profile Constructions Pvt LNon – Convertible CARE C Stable 100 Reaffirmed
Debentures
National Housing Bank Market Borrowing CARE AAA 52450 Reaffirmed
Programme Stable
National Housing Bank Deposits CARE AAA 120000 Reaffirmed
(Rs.10,000 crore Stable
under RHF and Rs.2000 crore under UHF)
National Housing Bank Deposits CARE AAA 120000 Reaffirmed
(Rs.8,000 crore Stable
under RHF andRs.4000 crore under UHF)
National Housing Bank Non- Convertible CARE AAA 60000* Reaffirmed
Debentures Stable
* Raised Rs.5987.1 crores till March 31, 2019
Netafim Agricultural Financing Agency LT Nonconvertible CARE BBB+ 280 Assigned
Pvt Ltd Debentures Negative
Northern Arc 2018 Mfi Series A1 PTCs - - Withdrawn
Soren
(Originator: Chaitanya India Fin
Credit Pvt Ltd)
Northern Arc 2018 Mfi Series A2 PTCs - - Withdrawn
Soren
(Originator: Chaitanya India Fin
Credit Pvt Ltd)
Oriental Nagpur Betul Highway Ltd LT Instruments - CARE AAA; 20773 Reaffirmed
NCDs - Series A Stable*
(reduced from 2,235.16 Crore)/*The CARE AAA; Stable rating was earlier denoted as CARE AAA (SO)
(Stable). CARE has now discontinued the use of the (SO) suffix for the ratings of ONBHL in line
with SEBI Circular no. SEBI/HO/MIRSD/DOS3/CIR/P/2019/70 dated June 13, 2019, CARE s Press
Release on “Revision in suffix to ratings pursuant to SEBI Circular” is available at
www.careratings.com.
Oriental Nagpur Betul Highway Ltd LT Instruments - CARE AAA; 2284.2 Reaffirmed
NCDs - Series B Stable*
(reduced from 245.78 Crore)/*The CARE AAA; Stable rating was earlier denoted as CARE AAA (SO)
(Stable). CARE has now discontinued the use of the (SO) suffix for the ratings of ONBHL in line
with SEBI Circular no. SEBI/HO/MIRSD/DOS3/CIR/P/2019/70 dated June 13, 2019, CARE s Press
Release on “Revision in suffix to ratings pursuant to SEBI Circular” is available at
www.careratings.com.
Oriental Nagpur Betul Highway Ltd LT Instruments - CARE AAA; 1217.6 Reaffirmed
NCDs - Series C Stable*
(reduced from 131.06 Crore)/*The CARE AAA; Stable rating was earlier denoted as CARE AAA (SO)
(Stable). CARE has now discontinued the use of the (SO) suffix for the ratings of ONBHL in line
with SEBI Circular no. SEBI/HO/MIRSD/DOS3/CIR/P/2019/70 dated June 13, 2019, CARE s Press
Release on “Revision in suffix to ratings pursuant to SEBI Circular” is available at
www.careratings.com.
Parsa Kente Collieries Ltd LT / ST Bk Fac CARE BBB 3850 Revised from
Positive /CARE CARE BBB
A3+ Stable /CARE A3+
Pil Italica Lifestyle Ltd LT Bk Fac CARE BB Stable 50 Assigned
Power Build Pvt Ltd LT Bk Fac CARE A- Stable 320.6 Reaffirmed
Power Build Pvt Ltd LT/ST Bk Fac CARE A- 20 Reaffirmed
Stable/CARE A2+
Prakash Asphaltings And Toll Highways LT BkFac CARE BBB+ 3561.6
(India) Ltd
Placed on credit watch with developing implications
Prakash Asphaltings And Toll Highways LT / Shortterm Bk CARE BBB+ 5037.4
(India) Ltd Fac /CARE A2
Placed on credit watch with developing implications
Pratyash Renewable Pvt Ltd NCDs CARE AA- (CE) 2700 Reaffirmed
Stable
(reduced from 295.50 Crore)
Pravesha Industries Pvt Ltd LT Bk Fac CARE A- Stable 1766.5 Reaffirmed
(enhanced from Rs.162.94 crore Crore)
Premier Cryogenics Ltd LT Bk Fac (TL) CARE BBB+ 243 Reaffirmed
Stable
(reduced from 27.64 Crore)
Premier Cryogenics Ltd LT Bk Fac (Fund CARE BBB+ 40 Reaffirmed
based) Stable /CARE
A3+
Premium Harvest Ltd LT Bk Fac CARE BB Stable 164 Reaffirmed
Ram Ratna Electricals Ltd LT BkFac CARE BBB- 178.8
Placed on Credit watch with developing implications
Ram Ratna Electricals Ltd LT/ Shortterm Bk CARE BBB-/CARE 70
Fac A3
Placed on Credit watch with developing implications
Ramco Extrusion Pvt Ltd LT Bk Fac CARE B+: Stable100 Reaffirmed
Ramco Extrusion Pvt Ltd Proposed LT BkFac CARE B+: Stable203.5 Reaffirmed
Rashmi Sponge Iron & Power Industries LT Bk Fac CARE BB+; 392.5 Revised from
Ltd. Stable CARE BBB-;
Stable
(Issuer Not Cooperating)
Raychem Rpg Pvt Ltd LT/ STBk Fac (FB CARE AA 3250 Reaffirmed
limits) Stable/CARE A1+
Raychem Rpg Pvt Ltd LT/ STBk Fac CARE AA 2500 Reaffirmed
(Non-FBL) Stable/CARE A1+
Remira Motors Pvt Ltd LT Bk Fac CARE B+ Stable 171.1 Reaffirmed
(reduced from 18.00 Crore)
Rimjhim Ispat Ltd LT Bk Fac-TL - - Withdrawn
Rimjhim Ispat Ltd LT Bk Fac – CARE BBB+ 2500 Reaffirmed
Working capital Stable
Rimjhim Stainless Ltd LT BkFac CARE BBB+ 742.3 Reaffirmed
Stable
(reduced from 121.48 Crore)
Sai Marine Exports Pvt Ltd. LT/Shortterm Bk FacCARE A- 865 Reaffirmed
Stable/CARE A2
Sai Marine Exports Pvt Ltd. LT BkFac CARE A-Stable 250 Reaffirmed
Sanvira Industries Ltd LT/Shortterm Bk FacCARE A- 1600 Reaffirmed
Stable/CARE A2
Sanvira Industries Ltd LT BkFac CARE A-Stable 2397.6 Reaffirmed
(reduced from 369.35 Crore)
Sei Baskara Power Pvt Ltd NCDs CARE AA- (CE) 2700 Reaffirmed
Stable*
(reduced from 295.50 Crore) /*The above rating is based on credit enhancement in the form of
financial support arrangement for debt servicing among the 10 solar power SPVs
Sei Enerstar Renewable Energy Pvt Ltd NCDs CARE AA- (CE) 2700 Reaffirmed
Stable*
(reduced from 295.50 Crore) /*The above rating is based on credit enhancement in the form of
financial support arrangement for debt servicing among the 10 solar power SPVs.
Sei Mihir Energy Pvt Ltd NCDs CARE AA- (CE) 2700 Reaffirmed
Stable*
(reduced from 295.50 Crore) /*The above rating is based on credit enhancement in the form of
financial support arrangement for debt servicing among the 10 solar power SPVs
Sez Biotech Services Pvt Ltd LT Bk Fac@ CARE AA+ (CE); 2035 Reaffirmed
Stable
(reduced from 220.00 Crore) /@ backed by short-fall undertaking from Serum Institute of India
Private Limited (SIIPL; rated CARE AAA/Stable/CARE A1+)
Shiva Pharmachem Ltd LT Bk Fac CARE A- Stable 1060.4 Revised from
CARE
BBB+Stable
(reduced from 106.50 Crore)
Shivalay Ispat And Power Pvt Ltd LT/ ST Bk Fac CARE A+, 360 Reaffirmed
Stable/CARE A1
Shivpuja Constructions Pvt Ltd LT Bk Fac - - Withdrawn
Shree Daga Steel LT/ST BkFac - - Reaffirmed at
CARE BB-
Stable/CARE A4
and Withdrawn
(Issuer Not Cooperating)
Shree Daga Steel LT Bk Fac - - Reaffirmed at
CARE BB-
Stable and
Withdrawn
(Issuer Not Cooperating)
Shreyas Renewable Energy Pvt Ltd NCDs CARE AA- (CE) 2700 Reaffirmed
Stable
(reduced from 295.50 Crore)
Shyamsree Food Processing Pvt Ltd ST BkFac - 0 Withdrawn
(reduced from 0.49 Crore)
Shyamsree Food Processing Pvt Ltd LT BkFac CARE A- Stable 40.1 Reaffirmed
(reduced from 13.46 Crore)
Simon India Ltd LT Bk Fac* - - Reaffirmed
and Withdrawn
*Backed by unconditional and irrevocable corporate guarantee of Zuari Global Ltd (ZGL)
Socrato Capital Pvt Ltd LT Bk Fac CARE BB Stable 120 Reaffirmed
Softel Solutions Pvt Ltd LT Bk Fac CARE BB Stable 1.6 Revised from
CARE BB-
Stable
Softel Solutions Pvt Ltd LT/ STBk Fac CARE BB 178.4 Revised from
Stable/CARE A4 CARE BB-
Stable/ CARE A4
Solaris Ceramics Pvt Ltd LT Bk Fac CARE A- Stable 116.1 Reaffirmed
(reduced from Rs.13.66 Crore)
Solaris Ceramics Pvt Ltd Long/ST BkFac CARE A- 150 Reaffirmed
Stable/CARE A2+
Spc Chetak Tollways Pvt Ltd LT BkFac CARE A (CE); 78.6 Reaffirmed
Negative
outlook revised from Stable to Negative
Sperry Plast Ltd LT Bk Fac CARE D 1410.7
(Issuer Not Cooperating)
Sprng Alt Energy Pvt Ltd LT BkFac CARE BBB+ 9075 Revised from
Stable CARE BBB
Stable
Sprng Renewable Energy Pvt Ltd LT BkFac CARE BBB 13838 Reaffirmed
Stable
Sri Venkateswara Aerospace Pvt Ltd LT Bk Fac CARE BB Stable 15 Reaffirmed
( Enhanced from Rs.0.60 Crore)
Sri Venkateswara Aerospace Pvt Ltd LT/ ST BkFac CARE BB 235 Reaffirmed
Stable/CARE A4
( Enhanced from Rs.18.04 Crore)
Srm Construction Long -term Bk Fac CARE BB Stable 80 Assigned
Subhash Kabini Power Corporation Ltd LT BkFac CARE BB- 190 Revised from
Stable CARE D
(Issuer Not Cooperating)
Sunhill Hospitals Pvt Ltd LT Bk Fac CARE BBB-(CE) 108.9* Reaffirmed
Stable
* backed by unconditional and irrevocable corporate guarantee provided by Metro Institutes of
Medical Sciences Private Limited rated CARE BBB-; Stable.
Surya Construction Company LT Bk Fac CARE BB- Stable72.5 Revised from
CARE BB Stable
(Issuer Not Cooperating)
Tata Capital Financial Services Ltd. Perpetual debt CARE AA+ 6000 Reaffirmed
Stable
Tata Capital Financial Services Ltd. NCD CARE AAA 49640 Reaffirmed
Stable
Tata Capital Financial Services Ltd. NCD/ Subordinated CARE AAA 75000 Reaffirmed
Debt (Public Issue)Stable
Tata Capital Financial Services Ltd. Subordinated Debt CARE AAA 20000 Reaffirmed
Stable
Tata Capital Financial Services Ltd. LT Bk Fac CARE AAA 10850 Reaffirmed
Stable
Tata Cleantech Capital Ltd. Perpetual Debt CARE AA+ Stable2500 Reaffirmed
Tata Cleantech Capital Ltd. NCDs CARE AAA 5000 Reaffirmed
Stable
Tata Cleantech Capital Ltd. Subordinated debt CARE AAA 2000 Reaffirmed
Stable
Techfab International Pvt Ltd LT / STBk Fac CARE BBB- 600 Revised from
Stable/CARE A3 CARE BBB
Stable/ CARE A2
Terram Geosynthetics Pvt Ltd LT / ST Bk Fac CARE BBB 100 Reaffirmed
Stable /CARE
A3+
Time Mauser Industries Pvt Ltd LT Bk Fac CARE A (CE)* 250 Reaffirmed
Stable
*The bank facilities of Time Mauser Industries Pvt. Ltd. (TMIPL) are backed by Letter of Comfort
extended by Time Technoplast Limited (TTL, Flagship Company of Time group; rated CRISIL AA-
stable/ CRISIL A1+ to the lenders of TMIPL.
Tocco Ceramics Pvt Ltd LT Bk Fac CARE A- Stable 76.2 Reaffirmed
(enhanced from Rs.5.48 Crore)
Tocco Ceramics Pvt Ltd Long/ST BkFac CARE A- 160 Reaffirmed
Stable/CARE A2+
(reduced from Rs.18.00 Crore)
Translite Energy Ltd LT Bk Fac CARE BB+ Stable135 Reaffirmed
Translite Energy Ltd LT/ST Bk Fac CARE BB+ 210 Reaffirmed
Stable/CARE A4+
Ucal Fuel Systems Ltd LT BkFac CARE BBB+ 906.3 Reaffirmed
Stable
(reduced from 117.20 Crore)
Varmora Granito Pvt Ltd LT Bk Fac CARE A- Stable 167.9 Reaffirmed
(enhanced from Rs.10.67 Crore)
Varmora Granito Pvt Ltd Long/ST BkFac CARE A- 500 Reaffirmed
Stable/CARE A2+
Varmora International Long/ST BkFac CARE A- 90 Reaffirmed
Stable/CARE A2+
(Reduced from Rs.12.00 Crore)
Vena Energy Mh Wind Power Pvt Ltd LT Bk Fac CARE BBB+; 1017 Reaffirmed
Stable
(reduced from 120.09crs)
Vikran Engineering & Exim Pvt Limtied Proposed NCD (NCD) - - *Withdrawn
Issue
*The ratings of the proposed NCD issue was withdrawn on the request of the company as it was not
placed and as such there was no amount outstanding against this instrument
Vikran Engineering & Exim Pvt Limtied LT Bk Fac CARE BBB; 500 Revised from
Positive CARE BBB;
Stable
Vikran Engineering & Exim Pvt Limtied LT/ STBk Fac CARE BBB; 1400 Revised from
Positive /CARE CARE BBB;
A3 Stable / CARE A3
Vindhya Telelinks Ltd LT Bk Fac CARE A+; Stable11075 Revised from
CARE AA-;
Stable
Vindhya Telelinks Ltd NCDs Issue CARE A+; 1000 Revised from
Stable CARE AA-;
Stable
Welways Engineers (India) LT BkFac CARE B Stable 29
(Issuer Not Cooperating)
Zuvan Energy Pvt Ltd NCDs CARE AA- (CE) 2700 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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