Oct 10 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of October 9, 2019.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------ ---------- ------ ----- ---------
SHORT TERM RATINGS:
-------------------
Admach Auto Industries India Pvt Ltd Bill Discounting CRISIL A4+ 30 Reaffirmed
Alkem Laboratories Ltd BG CRISIL A1+ 250 Reaffirmed
Alkem Laboratories Ltd CP CRISIL A1+ 5000 Reaffirmed
Alkem Laboratories Ltd CP CRISIL A1+ 2000 Withdrawn
Araska Diamond Pvt Ltd Foreign CRISIL A4 50 Reaffirmed
Documentary Bills
Purchase
Araska Diamond Pvt Ltd Packing Credit in CRISIL A4 50 Reaffirmed
Foreign Currency
ASK Automotive Pvt Ltd LOC & BG CRISIL A1+ 5 Reaffirmed
Bergwerff Organic India Pvt Ltd ST Bk Fac CRISIL A2+ 50 Reassigned
Boon Education, Environment & Rural BG CRISIL A4+ 10 Migrated form
Development Society CRISIL A4+
(Issuer Not Cooperating)
Boon Education, Environment & Rural Overdraft CRISIL A4+ 30 Migrated form
Development Society CRISIL A4+
(Issuer Not Cooperating)
Dewan Chand BG CRISIL A4+ 65 Reaffirmed
Dharani Hi-Tech Projects Pvt Ltd BG CRISIL A4+ 15 Upgraded from
CRISIL A4
Elegant Collection BG CRISIL A2+ 5 Reaffirmed
Elegant Collection Foreign Exchange CRISIL A2+ 20 Reaffirmed
Forward
Elegant Collection Post Shipment CRISIL A2+ 230 Reaffirmed
Credit
En En Electrical Engineers Pvt Ltd BG CRISIL A4+ 26 Assigned
Euro Panel Products Pvt Ltd BG CRISIL A4+ 10 Reaffirmed
Euro Panel Products Pvt Ltd LOC CRISIL A4+ 200 Reaffirmed
Global Foods Packing Credit CRISIL A4 300 Reaffirmed
Industrial Engineering Corporation BG CRISIL A4+ 10 Reaffirmed
International Solvents and Chemical Co BG CRISIL A4+ 50 Reaffirmed
International Solvents and Chemical Co Inland/Import LOC CRISIL A4+ 10 Reaffirmed
Kenox Agro Industries Pvt Ltd BG CRISIL A4+ 2.5 Upgraded from
CRISIL A4
Kishoriji Exports Foreign Bill CRISIL A4+ 30 Reaffirmed
Discounting
Kishoriji Exports Packing Credit CRISIL A4+ 70 Reaffirmed
Muthoot Fincorp Ltd CP CRISIL A1 15000 Reaffirmed
Nexo Industries Pvt Ltd BG CRISIL A3 70 Migrated from
CRISIL A4+
(Issuer Not Cooperating)
Nexo Industries Pvt Ltd LOC CRISIL A3 101.8 Migrated from
CRISIL A4+
(Issuer Not Cooperating)
PE Engineers Pvt Ltd Overdraft CRISIL A4+ 30 Reaffirmed
Rajeev K BG CRISIL A4 20 Reaffirmed
Rallis India Ltd LOC# CRISIL A1+ 2365 Reaffirmed
# Interchangeable with other non-fund based facilities
Rallis India Ltd CP CRISIL A1+ 750 Reaffirmed
Rockeira Engineering LLP BG CRISIL A4+ 25 Assigned
Santosh Timber Trading Co. Ltd LOC CRISIL A4 145 Reaffirmed
SCM Garments Pvt Ltd LOC CRISIL A2+ 115 Reaffirmed
SCM Garments Pvt Ltd LOC & BG CRISIL A2+ 125 Reaffirmed
SCM Garments Pvt Ltd Packing Credit CRISIL A2+ 2888.5 Reaffirmed
SCM Garments Pvt Ltd Standby Export CRISIL A2+ 100 Reaffirmed
Packing Credit
Shreno Ltd CP CRISIL A1 200 Reaffirmed
(Removed from 'Rating Watch with Developing Implications')
Shrijee Process Engineering Works Ltd BG CRISIL A3 150 Reaffirmed
Shrijee Process Engineering Works Ltd Packing Credit CRISIL A3 60 Reaffirmed
SNS Technocorp Pvt Ltd LOC & BG CRISIL A4+ 175 Reaffirmed
SNS Technocorp Pvt Ltd Proposed ST Bk CRISIL A4+ 25 Reaffirmed
Loan Fac
Soch Apparels Pvt Ltd Overdraft CRISIL A3 20 Downgraded
from CRISIL
A3+
Sonic Biochem Extractions Pvt Ltd BG CRISIL A2 55 Reaffirmed
The Tata Power Co. Ltd LOC & BG CRISIL A1+ 43700 Reaffirmed
The Tata Power Co. Ltd LOC & BG# CRISIL A1+ 1900 Reaffirmed
#Fully Interchangeable with Letter of Credit, Buyers Credit, Short term loan, Purchase invoice
Discounting, Overdraft maximum upto Rs. 50 Crores, Foreign Currency Resident loan, Short Term
Derivatives/Foreign lines
The Tata Power Co. Ltd CP CRISIL A1+ 70000 Reaffirmed
Thomas Cook India Ltd BG$$ CRISIL A1+ 650 Reaffirmed
$$Fully interchangeable with letter of credit (LC)
Thomas Cook India Ltd BG CRISIL A1+ 1230 Reaffirmed
Thomas Cook India Ltd LOC## CRISIL A1+ 2600 Reaffirmed
##Facility of Rs 150 crore fully interchangeable with bank guarantee (BG) and post-shipment
credit in foreign currency (PSFC) up to Rs 25 crore, facility of Rs 75 crore fully
interchangeable between LC and BG, facility of Rs 35 crore interchangeable with BG to the tune
Rs 15 crore
Thomas Cook India Ltd LOC CRISIL A1+ 100 Reaffirmed
Thomas Cook India Ltd Overdraft CRISIL A1+ 250 Reaffirmed
Thomas Cook India Ltd Overdraft@ CRISIL A1+ 490 Reaffirmed
@Facility of Rs 49 crore interchangeable with LC of up to Rs 25 crore
Thomas Cook India Ltd ST Debt (Including CRISIL A1+ 1000 Reaffirmed
CP) (Reaffirmed)
V R Constructions - Nellore BG CRISIL A4 100 Migrated from
CRISIL A4
(Issuer Not Cooperating)
VeeGee Industrial Enterprises Pvt Ltd BG CRISIL A3+ 174.5 Downgraded
from CRISIL A2
VeeGee Industrial Enterprises Pvt Ltd LOC CRISIL A3+ 100 Downgraded
from CRISIL A2
Vikram Plasticizers (Prop. Vin BG CRISIL A3+ 7.5 Upgraded from
Plasticizers Pvt. Ltd.) CRISIL A3
Vikram Plasticizers (Prop. Vin LOC CRISIL A3+ 100 Upgraded from
Plasticizers Pvt. Ltd.) CRISIL A3
Welspun Corp Ltd BG CRISIL A1+ 12780 Reaffirmed
Welspun Corp Ltd LOC CRISIL A1+ 40840 Reaffirmed
Welspun Corp Ltd Proposed LOC & BG CRISIL A1+ 3560 Reaffirmed
Welspun Corp Ltd CP CRISIL A1+ 5000 Reaffirmed
LONG TERM RATINGS:
-------------------
Aditya Birla Renewables Subsidiary Ltd BG CRISIL AA 50 Reaffirmed
Aditya Birla Renewables Subsidiary Ltd TL CRISIL AA 1606 Reaffirmed
Aditya Birla Renewables Utkal Ltd TL CRISIL AA 205 Assigned
Admach Auto Industries India Pvt Ltd CC CRISIL BB+ 135 Reaffirmed
Admach Auto Industries India Pvt Ltd LT Loan CRISIL BB+ 55 Reaffirmed
Alkem Laboratories Ltd CC* CRISIL AA+ 1000 Reaffirmed
*Includes Rs 15 crore export packing credit and pre-shipment credit limit
Alkem Laboratories Ltd Export Packing CRISIL AA+ 1800 Reaffirmed
Credit@
@These limits are interchangeable with working capital demand loan
Alkem Laboratories Ltd Proposed LT Bk CRISIL AA+ 200 Assigned
Loan Fac
Alkem Laboratories Ltd LOC# CRISIL AA+ 500 Assigned
#Letter of credit can be wholly utilised as cash credit limit
Alutop CC CRISIL BB+ 109 Reaffirmed
Alutop Proposed LT Bk CRISIL BB+ 41 Reaffirmed
Loan Fac
ASK Automotive Pvt Ltd CC CRISIL AA- 750 Reaffirmed
ASK Automotive Pvt Ltd TL CRISIL AA- 2722.5 Reaffirmed
ASK Automotive Pvt Ltd WC Fac CRISIL AA- 162.5 Reaffirmed
Bergwerff Organic India Pvt Ltd LT Loan CRISIL A- 570 Reaffirmed
Bergwerff Organic India Pvt Ltd WC Fac CRISIL A- 1130 Reaffirmed
Birlasoft Ltd BG - 10 Withdrawn
(Removed from 'Rating Watch with Developing Implications')
Birlasoft Ltd WC Fac - 860 Withdrawn
(Removed from 'Rating Watch with Developing Implications')
Boon Education, Environment & Rural Proposed LT Bk CRISIL BB+ 83 Migrated form
Development Society Loan Fac CRISIL
BB+/Stable
(Issuer Not Cooperating)
Boon Education, Environment & Rural TL CRISIL BB+ 27 Migrated form
Development Society CRISIL
BB+/Stable
(Issuer Not Cooperating)
Bundelkhand Enterprises Pvt Ltd Drop Line CRISIL BB- 17.5 Reaffirmed
Overdraft Fac
Bundelkhand Enterprises Pvt Ltd Electronic Dealer CRISIL BB- 92.5 Reaffirmed
Financing
Scheme(e-DFS)
Bundelkhand Enterprises Pvt Ltd Proposed LT Bk CRISIL BB- 10 Reaffirmed
Loan Fac
Dewan Chand CC/ Overdraft Fac CRISIL BB 25 Reaffirmed
Dharani Hi-Tech Projects Pvt Ltd Overdraft CRISIL BB- 115 Upgraded from
CRISIL
B+/Stable
Durga Extraction Pvt Ltd CC CRISIL BB- 50 Reaffirmed
Durga Extraction Pvt Ltd Proposed LT Bk CRISIL BB- 40 Reaffirmed
Loan Fac
Durga Extraction Pvt Ltd TL CRISIL BB- 20 Reaffirmed
Elegant Collection Export Packing CRISIL A- 370 Reaffirmed
Credit
Elegant Collection Proposed LT Bk CRISIL A- 35 Reaffirmed
Loan Fac
Elegant Collection Standby Line of CRISIL A- 40 Reaffirmed
Credit
En En Electrical Engineers Pvt Ltd TL CRISIL BB- 74.9 Assigned
En En Electrical Engineers Pvt Ltd Secured Overdraft CRISIL BB- 27.5 Assigned
Fac
En En Electrical Engineers Pvt Ltd Proposed LT Bk CRISIL BB- 21.6 Assigned
Loan Fac
Euro Panel Products Pvt Ltd CC CRISIL BB+ 80 Reaffirmed
Euro Panel Products Pvt Ltd LT Loan CRISIL BB+ 132 Reaffirmed
Hari Vegetable Products Pvt Ltd CC CRISIL BB+ 75 Migrated from
CRISIL
BB+/Stable
(Issuer Not Cooperating)
HCL Technologies Ltd Corporate Credit CCR AAA/Stable - Renewed and
Rating Reaffirmed
Hgp Community Pvt Ltd Rupee TL CRISIL A+ 6500 Assigned
Hgp Community Pvt Ltd Lease Rental CRISIL A+ 6500 Assigned
Discounting Loan
Hgp Community Pvt Ltd Proposed LT Bk CRISIL A+ 2000 Assigned
Loan Fac
Hiranandani Properties Pvt Ltd Proposed LT Bk CRISIL A+ 1000 Assigned
Loan Fac
Indel Money Pvt Ltd CC CRISIL BBB- 275 Reaffirmed
Indel Money Pvt Ltd Proposed LT Bk CRISIL BBB- 325 Reaffirmed
Loan Fac
Industrial Engineering Corporation CC CRISIL BB- 120 Reaffirmed
International Solvents and Chemical Co CC CRISIL BB 30 Reaffirmed
Kenox Agro Industries Pvt Ltd CC CRISIL BB- 70 Upgraded from
CRISIL
B+/Stable
Kenox Agro Industries Pvt Ltd TL CRISIL BB- 27.5 Upgraded from
CRISIL
B+/Stable
Kishoriji Exports WC Fac CRISIL BB 40 Reaffirmed
M Madhavaraya Prabhu CC CRISIL B+ 270 Migrated from
CRISIL
BB-/Stable
Manna Industries Ltd Proposed LT Bk CRISIL B+ 75 Downgraded
Loan Fac from CRISIL
BB-/Stable
Manna Industries Ltd Secured Overdraft CRISIL B+ 220 Downgraded
Fac from CRISIL
BB-/Stable
Muthoot Fincorp Ltd CC & WC demand loanCRISIL A 73500 Reaffirmed
Muthoot Fincorp Ltd Proposed LT Bk CRISIL A 185 Reaffirmed
Loan Fac
Muthoot Fincorp Ltd TL CRISIL A 1625 Reaffirmed
Muthoot Fincorp Ltd NCDs CRISIL A/Stable21.9 Reaffirmed
Muthoot Fincorp Ltd NCDs CRISIL A/Stable3.5 Reaffirmed
Muthoot Fincorp Ltd NCDs CRISIL A/Stable9.2 Reaffirmed
Muthoot Fincorp Ltd NCDs CRISIL A/Stable5000 Reaffirmed
Muthoot Fincorp Ltd Subordinated Debt CRISIL A/Stable355.9 Reaffirmed
Muthoot Fincorp Ltd Perpetual Bonds CRISIL 1440 Reaffirmed
BBB+/Stable
Nexo Industries Pvt Ltd CC CRISIL BBB- 650 Migrated from
CRISIL
BB+/Stable
(Issuer Not Cooperating)
Nexo Industries Pvt Ltd LT Loan CRISIL BBB- 28.2 Migrated from
CRISIL
BB+/Stable
(Issuer Not Cooperating)
Nexo Industries Pvt Ltd Standby Line of CRISIL BBB- 50 Migrated from
Credit CRISIL
BB+/Stable
(Issuer Not Cooperating)
PE Engineers Pvt Ltd Foreign Bill CRISIL BB 10 Reaffirmed
Discounting
PE Engineers Pvt Ltd Foreign LOC CRISIL BB 10 Reaffirmed
PE Engineers Pvt Ltd Proposed LT Bk CRISIL BB 30 Reaffirmed
Loan Fac
Pioneer eServe Pvt Ltd TL - 200 Withdrawn
PMJ Gems and Jewellers Pvt Ltd CC CRISIL BBB 250 Reaffirmed
Polaris Liquor Pvt Ltd CC CRISIL BB+ 325 Revised from
CRISIL
BBB-/Stable
(Issuer Not Cooperating)
Polaris Liquor Pvt Ltd Proposed CC Limit CRISIL BB+ 80 Revised from
CRISIL
BBB-/Stable
(Issuer Not Cooperating)
Precision Infomatic (Madras) Pvt Ltd BG - 20 Withdrawn
(Issuer Not Cooperating)
Precision Infomatic (Madras) Pvt Ltd CC - 190 Withdrawn
(Issuer Not Cooperating)
Pretty Jewellery Pvt Ltd Foreign CRISIL D 50 Reaffirmed
Documentary Bills
Purchase
Pretty Jewellery Pvt Ltd Packing Credit CRISIL D 50 Reaffirmed
Pretty Jewellery Pvt Ltd Proposed ST Bk CRISIL D 53 Reaffirmed
Loan Fac
R. K. Swarn Pvt Ltd Drop Line CRISIL BB- 25 Reaffirmed
Overdraft Fac
R. K. Swarn Pvt Ltd Inventory Funding CRISIL BB- 100 Reaffirmed
Fac
Radhamani Exports Pvt Ltd Overdraft CRISIL BBB- 60 Revised from
CRISIL
BBB-/Stable
(Issuer Not Cooperating)
Radhamani Textiles Pvt Ltd CC CRISIL BB+ 120 Revised from
CRISIL
BBB-/Stable
(Issuer Not Cooperating)
Radhamani Textiles Pvt Ltd Packing Credit CRISIL BB+ 500 Revised from
CRISIL
BBB-/Stable
(Issuer Not Cooperating)
Rajeev K CC CRISIL B 40 Reaffirmed
Rajeev K Proposed LT Bk CRISIL B 40 Reaffirmed
Loan Fac
Rallis India Ltd CC* CRISIL AA+ 1505 Reaffirmed
*Interchangeable with other fund-based facilities
Rallis India Ltd Rupee TL CRISIL AA+ 130 Reaffirmed
Rockeira Engineering LLP Overdraft CRISIL BB+ 100 Assigned
Roma Builders Pvt Ltd Lease Rental CRISIL A+ 9950 Reaffirmed
Discounting Loan
Roma Builders Pvt Ltd Loan Against CRISIL A+ 2800 Reaffirmed
Property
Roma Builders Pvt Ltd Rupee TL CRISIL A+ 6000 Reaffirmed
Roma Builders Pvt Ltd Proposed LT Bk CRISIL A+ 6250 Reaffirmed
Loan Fac
S.R.K. Fabrics CC CRISIL D 60 -
(Issuer Not Cooperating)
S.R.K. Fabrics Proposed LT Bk CRISIL D 33 -
Loan Fac
(Issuer Not Cooperating)
S.R.K. Fabrics TL CRISIL D 32 -
(Issuer Not Cooperating)
S.R.R. Impex CC CRISIL BB- 43 Reaffirmed
S.R.R. Impex Proposed CC Limit CRISIL BB- 7.9 Reaffirmed
S.R.R. Impex TL CRISIL BB- 17.6 Reaffirmed
Santosh Timber Trading Co. Ltd Overdraft CRISIL B+ 105 Reaffirmed
Sarda Dairy & Food Products Ltd CC CRISIL BB- 60 Reaffirmed
Sarda Dairy & Food Products Ltd TL CRISIL BB- 665 Reaffirmed
Sarda Dairy & Food Products Ltd Proposed LT Bk Withdrawn 256.2 Reaffirmed
Loan Fac
SCM Garments Pvt Ltd LT Loan CRISIL A- 120 Reaffirmed
SCM Garments Pvt Ltd Proposed LT Bk CRISIL A- 510 Reaffirmed
Loan Fac
SCM Garments Pvt Ltd TL CRISIL A- 369.5 Reaffirmed
Selvas Garments CC CRISIL BB- 65 Reaffirmed
Selvas Garments Proposed LT Bk CRISIL BB- 2.3 Reaffirmed
Loan Fac
Shanmukha Cotton Products CC CRISIL B 50 -
(Issuer Not Cooperating)
Shanmukha Cotton Products Proposed CC Limit CRISIL B 12.5 -
(Issuer Not Cooperating)
Shanmukha Cotton Products SME Credit CRISIL B 2.5 -
(Issuer Not Cooperating)
Shivali Udyog India Ltd CC CRISIL B 31.5 -
(Issuer Not Cooperating)
Shivali Udyog India Ltd Proposed LT Bk CRISIL B 212.3 -
Loan Fac
(Issuer Not Cooperating)
Shivali Udyog India Ltd WC Demand Loan CRISIL B 72 -
(Issuer Not Cooperating)
Shreno Ltd CC^ CRISIL A 150 Reaffirmed
(Removed from 'Rating Watch with Developing Implications')/^One way interchangeable from fund
based to non-fund based limits
Shreno Ltd CC* CRISIL A 160 Reaffirmed
(Removed from 'Rating Watch with Developing Implications')/*Interchangeable with non-fund based
limits
Shreno Ltd Proposed LT Bk CRISIL A 1340 Reaffirmed
Loan Fac
(Removed from 'Rating Watch with Developing Implications')
Shreno Ltd WC Demand Loan CRISIL A 200 Reaffirmed
(Removed from 'Rating Watch with Developing Implications')
Shreno Ltd WC Fac CRISIL A 200 Reaffirmed
(Removed from 'Rating Watch with Developing Implications')
Shrijee Process Engineering Works Ltd CC CRISIL BBB- 35 Reaffirmed
Shrijee Process Engineering Works Ltd Proposed LT Bk CRISIL BBB- 5 Reaffirmed
Loan Fac
Soch Apparels Pvt Ltd CC CRISIL BBB- 550 Downgraded
from CRISIL
BBB/Stable
Soch Apparels Pvt Ltd TL CRISIL BBB- 418.7 Downgraded
from CRISIL
BBB/Stable
Sonic Biochem Extractions Pvt Ltd CC CRISIL BBB+ 145 Reaffirmed
Sood Steel Industries CC CRISIL BB 75 Migrated from
CRISIL
B+/Stable
(Issuer Not Cooperating)
SP Accure Labs Pvt Ltd CC CRISIL B 75 Upgraded from
CRISIL
B-/Stable
SP Accure Labs Pvt Ltd LT Loan CRISIL B 100 Upgraded from
CRISIL
B-/Stable
Sri Rama Poultry Feeds CC CRISIL BB- 60 Assigned
Sri Rama Poultry Feeds TL CRISIL BB- 7.5 Assigned
Steel Centre - Bokaro CC CRISIL BB 90 Reaffirmed
Steel Centre - Bokaro Proposed LT Bk CRISIL BB 10 Reaffirmed
Loan Fac
Surya Alloy Industries Ltd Ratings - - -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review)
The Tata Power Co. Ltd CC & WC demand loanCRISIL AA- 19560 Reaffirmed
The Tata Power Co. Ltd Proposed CC Limit CRISIL AA- 95.9 Reaffirmed
The Tata Power Co. Ltd Proposed LT Bk CRISIL AA- 20450 Reaffirmed
Loan Fac
The Tata Power Co. Ltd Rupee TL CRISIL AA- 32405.6 Reaffirmed
The Tata Power Co. Ltd TL CRISIL AA- 48892 Reaffirmed
The Tata Power Co. Ltd Subordinated NCDs CRISIL 15000 Reaffirmed
AA-/Positive
The Tata Power Co. Ltd NCD CRISIL 4820 Reaffirmed
AA-/Positive
The Tata Power Co. Ltd Perpetual NCD CRISIL 15000 Reaffirmed
AA-/Positive
Thomas Cook India Ltd Corporate Credit CCR AA-/Stable - Assigned
Rating
Thomas Cook India Ltd CC** CRISIL AA- 650 Reaffirmed
**Fully interchangeable with working capital demand loan (WCDL) and Letter of credit
Thomas Cook India Ltd Overdraft@@ CRISIL AA- 1400 Reaffirmed
@@Facility of Rs 15 crore interchangeable with WCDL of up to Rs 12 crore, facility of Rs 75
crore fully interchangeable between LC and BG, facility of Rs 50 crore fully interchangeable
with WCDL and Short term loan (STL), Rs 30 crore with bank guarantee and Rs 10 crore with LC
Thomas Cook India Ltd Proposed LT Bk CRISIL AA- 20 Reaffirmed
Loan Fac
V R Constructions - Nellore CC CRISIL B+ 47.5 Migrated from
CRISIL
B+/Stable
(Issuer Not Cooperating)
V R Constructions - Nellore Proposed LT Bk CRISIL B+ 2.5 Migrated from
Loan Fac CRISIL
B+/Stable
(Issuer Not Cooperating)
VEE GEE Auto Components Pvt Ltd LT Loan CRISIL BB+ 150 Downgraded
from CRISIL
BBB-/Stable
VEE GEE Auto Components Pvt Ltd WC Demand Loan CRISIL BB+ 100 Downgraded
from CRISIL
BBB-/Stable
VeeGee Industrial Enterprises Pvt Ltd Bill Discounting CRISIL BBB 750 Downgraded
from CRISIL
BBB+/Stable
VeeGee Industrial Enterprises Pvt Ltd CC CRISIL BBB 450 Downgraded
from CRISIL
BBB+/Stable
VeeGee Industrial Enterprises Pvt Ltd LT Loan CRISIL BBB 570.5 Downgraded
from CRISIL
BBB+/Stable
VeeGee Industrial Enterprises Pvt Ltd WC Demand Loan CRISIL BBB 150 Downgraded
from CRISIL
BBB+/Stable
Vikram Plasticizers (Prop. Vin CC CRISIL BBB 125 Upgraded from
Plasticizers Pvt. Ltd.) CRISIL
BBB-/Stable
Vikram Plasticizers (Prop. Vin TL CRISIL BBB 15 Upgraded from
Plasticizers Pvt. Ltd.) CRISIL
BBB-/Stable
Welspun Corp Ltd CC CRISIL AA- 700 Reaffirmed
(Outlook revised from Stable)
Welspun Corp Ltd External CRISIL AA- 370 Reaffirmed
Commercial
Borrowings
(Outlook revised from Stable)
Welspun Corp Ltd NCD CRISIL 9900 Reaffirmed
AA-/Positive
--------------------------------------------------------------------------------------------
$: 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
CRISIL 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)
Our Standards: The Thomson Reuters Trust Principles.