Dec 31 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of India (CRISIL) for local debt instruments as of December 30, 2019. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------ ---------- ------ ----- --------- SHORT TERM RATINGS: ------------------- Ajab Singh and Company BG CRISIL A4 200 Reaffirmed Axis Bank Ltd CDs CRISIL A1+ 500 Reaffirmed Celebi Airport Services India Pvt Ltd BG CRISIL A3+ 711 Reaffirmed Citibank N. A. CDs Programme CRISIL A1+ 50000 Reaffirmed D.C. Gurbaxani BG CRISIL A3+ 300 Reaffirmed DCB Bank Ltd Proposed ST Bk CRISIL A1+ 3000 Assigned Loan Fac DCB Bank Ltd CDs CRISIL A1+ Reaffirmed (Reduced from Rs.2000 Crore) DCB Bank Ltd ST FD CRISIL A1+ 2000 Reaffirmed Dharamshala Ropeway Ltd BG CRISIL A3 100 Assigned Dr. B.S. Gupta Medical Charitable BG CRISIL A4+ 42 Society Migrated from CRISIL A4+; Issuer Not Cooperating' Eldorado Agritech Pvt Ltd BG CRISIL A3 5 Reaffirmed Eldorado Agritech Pvt Ltd ST Loan CRISIL A3 40 Reaffirmed Febin Marine Foods Post Shipment CRISIL A4+ 85 Reaffirmed Credit Gemscab Industries Ltd BG CRISIL A2+ 600 Reaffirmed Gemscab Industries Ltd LOC CRISIL A2+ 345 Reaffirmed Gemscab Industries Ltd Proposed BG CRISIL A2+ 600 Reaffirmed Gopinath Chem-Tech Ltd LOC CRISIL A3+ 60 Reaffirmed H. M. Foods - Fatehabad Proposed ST Bk CRISIL A4+ 20.5 Assigned Loan Fac Harshita Poultry Farm Overdraft CRISIL A4 21.2 Assigned Himachal Aluminium and Conductors BG CRISIL A4 20 Reaffirmed Inventaa Industries Pvt Ltd Foreign Exchange CRISIL A2 70 Reaffirmed Forward Inventaa Industries Pvt Ltd LOC Bill CRISIL A2 95 Reaffirmed Discounting Inventaa Industries Pvt Ltd Packing Credit CRISIL A2 100 Assigned JM Financial Services Ltd BG CRISIL A1+ 3050 Reaffirmed JM Financial Services Ltd Proposed ST Bk CRISIL A1+ 243.7 Reaffirmed Loan Fac JM Financial Services Ltd CP Programme CRISIL A1+ 5000 Reaffirmed JRD Infratech Pvt Ltd BG CRISIL A4 84.4 Assigned JSL Industries Ltd BG CRISIL A4+ 97 Reaffirmed JSL Industries Ltd LOC CRISIL A4+ 13 Reaffirmed Kirloskar Ebara Pumps Ltd BG^^ CRISIL A2+ 460 Reaffirmed ^^Full interchangeability between Letter of Credit and Bank Guarantee limit. Kirloskar Ebara Pumps Ltd BG** CRISIL A2+ 500 Reaffirmed **Interchangeable with Letter of Credit limit up to Rs 14 crore. Kirloskar Ebara Pumps Ltd BG# CRISIL A2+ 270 Reaffirmed #Interchangeable with Letter of Credit/Packing Credit Foreign Currency/Export Packing Credit/Post Shipment Credit Foreign Currency limit up to Rs 10 crore, Standby Letter of Credit/Cash Credit/Bill discounting Limit upto Rs. 5.00 crore. Kirloskar Ebara Pumps Ltd LOC^^ CRISIL A2+ 300 Reaffirmed ^^Full interchangeability between Letter of Credit and Bank Guarantee limit. Landmark Engineer BG CRISIL A4+ 150 Reaffirmed Nissan Renault Financial Services India CP CRISIL A1+ 4480 Reaffirmed Pvt Ltd Pee Empro Exports Pvt Ltd BG CRISIL A2+ 20 Migrated from CRISIL A4+; Issuer Not Cooperating' Pee Empro Exports Pvt Ltd LOC CRISIL A2+ 10 Migrated from CRISIL A4+; Issuer Not Cooperating' Pee Empro Exports Pvt Ltd Packing Credit CRISIL A2+ 50 Migrated from CRISIL A4+; Issuer Not Cooperating' Pee Empro Exports Pvt Ltd Post Shipment CRISIL A2+ 60 Credit Migrated from CRISIL A4+; Issuer Not Cooperating' Pee Empro Exports Pvt Ltd Proposed ST Bk CRISIL A2+ 320 Loan Fac Migrated from CRISIL A4+; Issuer Not Cooperating' Pritam Khanna Rugs Pvt Ltd Export Packing CRISIL A4+ 20 Assigned Credit & Export Bills Negotiation/Foreign Bill discounting Pritam Khanna Rugs Pvt Ltd Packing Credit CRISIL A4+ 35 Assigned Raj Construction - Sultanpur BG CRISIL A4+ 30 Reaffirmed Raj Construction - Sultanpur Proposed NFBL CRISIL A4+ 70 Reaffirmed Roljack Asia Ltd Proposed BG CRISIL A4+ 20 Assigned Shivalik Infraventures Pvt Ltd BG CRISIL A4+ 40 Reaffirmed Small Industries Development Bank of CP Programme CRISIL A1+ 11000 Reaffirmed India Srikar Biotech Pvt Ltd Overdraft CRISIL A3 30 Reaffirmed Tharun Construction & Co BG CRISIL A4+ 250 Assigned Uchit Expressways Pvt Ltd BG CRISIL A3 600 Reaffirmed United Electricals and Transformers BG CRISIL A4 30 Reaffirmed and Withdrawn United Electricals and Transformers CC CRISIL A4 60 Reaffirmed and Withdrawn United Electricals and Transformers Proposed LT Bk CRISIL A4 20 Loan Fac Reaffirmed and Withdrawn United Spirits Ltd Non-FBL^ CRISIL A1+ 5000 Reaffirmed ^ Interchangeable with fund based limit United Spirits Ltd CP CRISIL A1+ 1500 Reaffirmed UPL Ltd LOC & BG CRISIL A1+ 6500 Reaffirmed UPL Ltd CP CRISIL A1+ 7500 Reaffirmed VIP Industries Ltd LOC & BG CRISIL A1+ 545 Reaffirmed MEDIUM TERM RATINGS: ------------------- Small Industries Development Bank of FD FAAA/Stable 20000 Reaffirmed India LONG TERM RATINGS: ------------------- Ajab Singh and Company CC CRISIL 180 Reaffirmed B+/Stable Axis Bank Ltd Tier I Bonds CRISIL 600000 Reaffirmed (Under Basel III) AA+/Stable Axis Bank Ltd Tier II Bonds CRISIL 40000 Reaffirmed (Under Basel III) AAA/Stable Axis Bank Ltd Tier II CRISIL 25000 Reaffirmed Bonds/Debenture AAA/Stable Issue (Under Basel III) Axis Bank Ltd Tier II Bonds CRISIL 20000 Reaffirmed (Under Basel III) AAA/Stable Axis Bank Ltd Tier II Bonds CRISIL 8500 Reaffirmed (Under Basel III) AAA/Stable Axis Bank Ltd Tier II Bonds CRISIL 32050 Reaffirmed (Under Basel III) AAA/Stable Axis Bank Ltd Infrastructure CRISIL 30000 Reaffirmed Bonds AAA/Stable Axis Bank Ltd Infrastructure CRISIL 50000 Reaffirmed Bonds/Debenture AAA/Stable Issue Axis Bank Ltd Infrastructure CRISIL 60000 Reaffirmed Bonds AAA/Stable Axis Bank Ltd Infrastructure CRISIL 70000 Reaffirmed Bonds AAA/Stable Cauvery Neeravari Nigama Ltd TL CRISIL A/Stable5000 Downgraded from 'CRISIL AA-(CE)'; Removed from 'Rating Watch with Negative Implication' Cauvery Neeravari Nigama Ltd Bonds - Series II CRISIL Reaffirmed AA-(CE)/Stable Celebi Airport Services India Pvt Ltd CC CRISIL 350 Reaffirmed BBB/Stable Celebi Airport Services India Pvt Ltd Proposed FB Bk CRISIL 362.8 Reaffirmed Limits BBB/Stable Celebi Airport Services India Pvt Ltd TL CRISIL 926.2 Reaffirmed BBB/Stable Citibank N. A. Sub. Bonds CRISIL 3200 Reaffirmed AAA/Stable D.C. Gurbaxani CC CRISIL 200 Reaffirmed BBB/Stable DCB Bank Ltd Tier II Bonds CRISIL 12000 Reaffirmed (Under Basel III) AA-/Stable Dharamshala Ropeway Ltd TL* CRISIL 1000 Assigned BBB-/Stable *Interchangeable with Letter of Credit to an extent of Rs 80 crore Dr. B.S. Gupta Medical Charitable Proposed LT Bk CRISIL 58 Society Loan Fac BB+/Stable Migrated from CRISIL BB+/Stable; Issuer Not Cooperating' Eldorado Agritech Pvt Ltd CC CRISIL 90 Reaffirmed BBB-/Stable Eldorado Agritech Pvt Ltd LT Loan CRISIL 10.6 Reaffirmed BBB-/Stable Eldorado Agritech Pvt Ltd Proposed LT Bk CRISIL 1.7 Reaffirmed Loan Fac BBB-/Stable Encore Asset Reconstruction Company Pvt WC Demand Loan CRISIL 75 Assigned Ltd A-/Stable Encore Asset Reconstruction Company Pvt Proposed LT Bk CRISIL 650 Assigned Ltd Loan Fac A-/Stable Encore Asset Reconstruction Company Pvt CC CRISIL 200 Assigned Ltd A-/Stable Encore Asset Reconstruction Company Pvt Overdraft CRISIL 75 Assigned Ltd A-/Stable Essbee Intech Pvt Ltd CC CRISIL 110 Assigned BB/Stable Febin Marine Foods LT Loan CRISIL 15 BB+/Stable Upgraded from 'CRISIL BB/Stable' Febin Marine Foods Packing Credit CRISIL 80 BB+/Stable Upgraded from 'CRISIL BB/Stable' Five-Star Business Finance Ltd NCD CRISIL 300 Reaffirmed BBB+/Stable Gemscab Industries Ltd CC CRISIL 650 Reaffirmed A-/Stable Gemscab Industries Ltd Corporate Loan CRISIL 127 Reaffirmed A-/Stable Gemscab Industries Ltd LT Loan CRISIL 33 Reaffirmed A-/Stable Gemscab Industries Ltd Project Loan CRISIL 170 Reaffirmed A-/Stable Gemscab Industries Ltd Proposed CC Limit CRISIL 450 Reaffirmed A-/Stable Gopinath Chem-Tech Ltd CC CRISIL 230 Reaffirmed BBB/Stable Gopinath Chem-Tech Ltd LT Loan CRISIL 8.2 Reaffirmed BBB/Stable Gopinath Chem-Tech Ltd Proposed TL CRISIL 34.6 Reaffirmed BBB/Stable H. M. Foods - Fatehabad TL CRISIL 30 Assigned BB-/Stable H. M. Foods - Fatehabad CC CRISIL 49.5 Assigned BB-/Stable Hampi Expressways Pvt Ltd LT Loan CRISIL 10630 Reaffirmed BBB-/Stable Harshal Properties Pvt Ltd NCD CRISIL 14000 Assigned BB-/Stable Harshita Poultry Farm LT Loan CRISIL B/Stable48.8 Assigned Himachal Aluminium and Conductors CC CRISIL 50 Reaffirmed B+/Stable IMI Abrasives Pvt Ltd CC CRISIL 100 BB+/Stable Downgraded from 'CRISIL BBB-/Stable' India Standard Loan Trust LVI Liquidity Fac Provisional 19.6 (Originator: AU Small Finance Bank Ltd) CRISIL AAA (SO) Equivalent Provisional Rating Assigned India Standard Loan Trust LVI Series A PTCs Provisional 1964 (Originator: AU Small Finance Bank Ltd) CRISIL AAA (SO) Equivalent Provisional Rating Assigned India Standard Loan Trust LVI Second loss Fac Provisional 69.4 (Originator: AU Small Finance Bank Ltd) CRISIL BBB+ (SO) Equivalent Provisional Rating Assigned Invent Assets Securitisation and Overdraft CRISIL 500 Reaffirmed Reconstruction Pvt Ltd BBB/Stable Invent Assets Securitisation and Proposed LT Bk CRISIL 1500 Reaffirmed Reconstruction Pvt Ltd Loan Fac BBB/Stable Inventaa Industries Pvt Ltd CC CRISIL 210 BBB+/Stable Outlook revised from 'Positive' and rating reaffirmed Inventaa Industries Pvt Ltd External CRISIL 454 Reaffirmed Commercial BBB+/Stable Borrowings Outlook revised from 'Positive' and rating reaffirmed Inventaa Industries Pvt Ltd LT Loan CRISIL 160.9 Assigned BBB+/Stable Outlook revised from 'Positive' and rating reaffirmed Inventaa Industries Pvt Ltd Proposed LT Bk CRISIL 10.1 Assigned Loan Fac BBB+/Stable Outlook revised from 'Positive' and rating reaffirmed JM Financial Services Ltd Overdraft CRISIL 1646.3 Reaffirmed AA/Stable JRD Infratech Pvt Ltd Proposed FB Bk CRISIL 13.6 Assigned Limits B+/Stable JRD Infratech Pvt Ltd CC CRISIL 22 Assigned B+/Stable JSL Industries Ltd CC CRISIL 50 Reaffirmed BB+/Stable JSL Industries Ltd Proposed LT Bk CRISIL 29.1 Reaffirmed Loan Fac BB+/Stable JSL Industries Ltd TL CRISIL 10.3 Reaffirmed BB+/Stable Kamna Medical Centre Pvt Ltd CC - 7.5 Withdrawn Kamna Medical Centre Pvt Ltd TL - 52.5 Withdrawn Kirloskar Ebara Pumps Ltd CC^ CRISIL 140 Reaffirmed A-/Stable ^Interchangeable with Export Packing Credit/Foreign Bill Discounting/Packing Credit Foreign Currency/Bill Discounting limit up to Rs 14 crore. Kirloskar Ebara Pumps Ltd Overdraft* CRISIL 50 Reaffirmed A-/Stable *Interchangeable with Working Capital Demand Loan/Export Packing Credit/Post Shipment Credit Foreign Currency/Packing Credit Foreign Currency limit up to Rs 5 crore. Kirloskar Ebara Pumps Ltd Proposed LT Bk CRISIL 85 Reaffirmed Loan Fac A-/Stable Lakshmigraha Worldwide Inc. CC CRISIL B/Stable31 Assigned Lakshmigraha Worldwide Inc. LT Loan CRISIL B/Stable4 Assigned Landmark Engineer CC CRISIL 30 Reaffirmed BB+/Stable Madhav Cotton Pvt Ltd CC CRISIL 85 Reaffirmed BB-/Stable Madhav Cotton Pvt Ltd Proposed CC Limit CRISIL 20 Reaffirmed BB-/Stable Madhav Cotton Pvt Ltd Proposed LT Bk CRISIL 20 Assigned Loan Fac BB-/Stable Maha Sai Laboratories CC CRISIL 40 BB-/Stable Downgraded from 'CRISIL BB/Stable' Maha Sai Laboratories LT Bk Fac CRISIL 60 BB-/Stable Downgraded from 'CRISIL BB/Stable' Milky Mist Dairy Food Pvt Ltd CC CRISIL 289.5 Reaffirmed BBB-/Negative Milky Mist Dairy Food Pvt Ltd Proposed LT Bk CRISIL 629.6 Reaffirmed Loan Fac BBB-/Negative Milky Mist Dairy Food Pvt Ltd TL CRISIL 3169 Reaffirmed BBB-/Negative Mobil Trust Series 08 (Originator: Series A PTCs Provisional 1357.3 Shriram City Union Finance Ltd) CRISIL AAA (SO) Provisional Rating Assigned NSE Clearing Ltd Corporate Credit CCR AAA/Stable 4000 Rating Renewed & Reaffirmed Oban Fashions Pvt Ltd CC CRISIL 300 Assigned BBB+/Stable Panchal Machinery TL CRISIL 13.5 Assigned BB/Stable Panchal Machinery CC CRISIL 15 Assigned BB/Stable Panchal Machinery Proposed LT Bk CRISIL 16.5 Assigned Loan Fac BB/Stable Pebco Motors Ltd CC CRISIL 15 Reaffirmed BBB/Stable Pebco Motors Ltd Electronic Dealer CRISIL 135 Reaffirmed Financing BBB/Stable Scheme(e-DFS) Pebco Motors Ltd LT Loan CRISIL 75 Reaffirmed BBB/Stable Pebco Motors Ltd Proposed LT Bk CRISIL 52 Assigned Loan Fac BBB/Stable Petronet LNG Ltd NCD CRISIL 6000 Reaffirmed AAA/Stable Planet PR Pvt Ltd CC CRISIL D 80 Issuer Not Cooperating; Downgraded from 'CRISIL B+/Stable Issuer Not Cooperating' Raj Construction - Sultanpur CC CRISIL 50 Reaffirmed BB/Stable Rama Marketing Enterprises CC CRISIL 420 Reaffirmed BB/Stable Ramkripa Agro Foods Pvt Ltd CC CRISIL D 49.5 Downgraded from 'CRISIL B+/Stable Issuer Not Cooperating' Ramkripa Agro Foods Pvt Ltd LT Loan CRISIL D 25.5 Downgraded from 'CRISIL B+/Stable Issuer Not Cooperating' Roljack Asia Ltd Proposed CC Limit CRISIL 130 Assigned BB/Stable Roljack Asia Ltd Proposed LT Bk CRISIL 50 Assigned Loan Fac BB/Stable Shankar Equipments Ltd CC CRISIL 82 Assigned BB-/Stable Shineshilpi Jewellers Pvt Ltd CC CRISIL 200 BBB-/Stable Migrated from 'CRISIL BB+/Stable Issuer Not Cooperating' Shivalik Infraventures Pvt Ltd Overdraft CRISIL 18 Reaffirmed BB+/Stable Shivalik Infraventures Pvt Ltd Proposed LT Bk CRISIL 32 Reaffirmed Loan Fac BB+/Stable Small Industries Development Bank of Bonds CRISIL Reaffirmed India AAA/Stable Sri Kanakamahalakshmi Agencies CC CRISIL 100 BB-/Stable Migrated from 'CRISIL B+/Stable Issuer Not Cooperating' Srikar Biotech Pvt Ltd CC CRISIL 70 Reaffirmed BBB-/Stable Srikar Biotech Pvt Ltd TL CRISIL 20.5 Reaffirmed BBB-/Stable Sterling Abrasives Ltd CC^ CRISIL 250 Reaffirmed A+/Stable ^Interchangeable with working capital demand loan (WCDL)/export packing credit (EPC)/packing credit in foreign currency (PCFC)/foreign bill discounting (FBD)/export bill rediscounting (EBR) up to Rs 6 crore Sugam Vanijya Holdings Pvt Ltd NCD CRISIL 50000 Reaffirmed BBB+/Stable Tharun Construction & Co Secured Overdraft CRISIL 250 Assigned Fac BB-/Stable Uchit Expressways Pvt Ltd LT Loan CRISIL 10540 Reaffirmed BBB-/Stable United Granites and Metals CC CRISIL 75 Reaffirmed BB-/Stable United Granites and Metals LT Loan CRISIL 81.3 Reaffirmed BB-/Stable United Spirits Ltd FB Fac** CRISIL 31250 Reaffirmed AA+/Positive Outlook revised from 'Stable' and rating reaffirmed ; **Interchangeable with non-fund based limit United Spirits Ltd Proposed FB Bk CRISIL 3000 Reaffirmed Limits AA+/Positive Outlook revised from 'Stable' and rating reaffirmed United Spirits Ltd NCD CRISIL 15000 Reaffirmed AA+/Positive UPL Ltd CC ## CRISIL 11500 Reaffirmed AA+/Negative ## Fully interchangeable between cash credit, working capital demand loan, foreign currency non-resident (Bank) loans, packing credit in INR, packing credit in foreign currency, export bill discounting in INR and foreign currency, buyer's credit for imports and domestic purchases, and domestic sales bill discounting. It can also be converted into Non Fund Based facilities. UPL Ltd Proposed CC Limit CRISIL 5000 Reaffirmed AA+/Negative UPL Ltd Proposed LT Bk CRISIL 2000 Reaffirmed Loan Fac ** AA+/Negative ** It can be converted into non-fund-based facilities. UPL Ltd Proposed WC Fac ** CRISIL 15000 Assigned AA+/Negative ** It can be converted into non-fund-based facilities. UPL Ltd NCD CRISIL 13500 Reaffirmed AA+/Negative VIP Industries Ltd CC & WC demand CRISIL 750 loan* AA/Stable Upgraded from 'CRISIL AA-/Positive'; *Interchangeable with non-fun based limits VIP Industries Ltd Proposed WC Fac CRISIL 505 AA/Stable Upgraded from 'CRISIL AA-/Positive' VK1 Expressway Pvt Ltd Proposed Overdraft CRISIL 460 Reaffirmed Fac A-/Stable VK1 Expressway Pvt Ltd Rupee TL CRISIL 6810 Reaffirmed A-/Stable VK1 Expressway Pvt Ltd Rupee TL* CRISIL 3000 Reaffirmed A-/Stable *Rupee term loan includes a sub-limit of mobilisation advance bank guarantee of Rs 205 crore VRS Foods Warehouse Receipts CRISIL 20 Assigned BB-/Stable VRS Foods CC CRISIL 30 Assigned BB-/Stable VRS Foods Proposed LT Bk CRISIL 100 Assigned Loan Fac BB-/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 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@refinitiv.com)
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