Dec 17 (Reuters) - Below are the ratings awarded by India Ratings and Research Private Ltd
(India Ratings), formerly known as Fitch Ratings India for local debt instruments as of
December 16, 2019.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------ ---------- ------ ------ ---------
SHORT TERM RATINGS:
-------------------
Durga Shakti Foods Pvt Ltd Non-FB Fac IND A4+ 5 Upgraded
Jatson Power Pvt Ltd Non-FB WC limits IND A4+ 32.5
(Issuer Not Coopeprating); Migrated to non-cooperating category
Maya Construction Company Pvt Non-FB WC limit IND A4+ 150
Ltd
(Issuer Not Coopeprating); Migrated to non-cooperating category
LONG TERM RATINGS:
-------------------
Cholamandalam Investment And Perpetual debt (tier 1 IND AA/Stable 4500 Affirmed
Finance Co. Ltd instrument)
Cholamandalam Investment And NCDs (NCDs) IND AA+/Stable 35500 Affirmed
Finance Co. Ltd
(reduced from INR45 blns)
Cholamandalam Investment And Lower tier 2 IND AA+/Stable 21640 Affirmed
Finance Co. Ltd subordinated debt
Durga Shakti Foods Pvt Ltd Long-TL - 1.1
Withdrawn (paid in full)
Durga Shakti Foods Pvt Ltd FB Fac IND 119 Upgraded
BB/Stable/IND A4+
Gautam International Bk loans IND BBB- 74.04
Pratisthan’S
(Issuer Not Cooperating); Maintained in non-cooperating category
Gautam International FB WC (overdraft) IND BBB- 55.27
Pratisthan’S
(Issuer Not Cooperating); Maintained in non-cooperating category
Girraj Ji Stone Crushers Pvt LtdFB limits* - 13.7 Affirmed &
Withdrawn
*Affirmed at ‘IND BB+(ISSUER NOT COOPERATING)/IND A4+ (ISSUER NOT COOPERATING)’ before being
withdrawn
Girraj Ji Stone Crushers Pvt LtdNon fund based** - 58.7 Affirmed &
Withdrawn
** Affirmed at IND A4+(ISSUER NOT COOPERATING)’ before being withdrawn
Himachal Futuristic 6.5% cumulative - 603.8 Withdrawn
Communications Ltd redeemable PS
Jatson Power Pvt Ltd TL IND BB- 0.09
(Issuer Not Coopeprating); Migrated to non-cooperating category
Jatson Power Pvt Ltd FB WC limits IND BB- 47.5
(Issuer Not Coopeprating); Migrated to non-cooperating category
Maya Construction Company Pvt FB WC limit IND BB- / IND A4+50
Ltd
(Issuer Not Coopeprating); Migrated to non-cooperating category
Om Esha Agro Products Pvt Ltd FB WC limit IND B+ 125
(Issuer Not Coopeprating); Migrated to non-cooperating category
Om Esha Agro Products Pvt Ltd TL IND B+ 103.44
(Issuer Not Coopeprating); Migrated to non-cooperating category
Shree Tatyasaheb Kore Warana TL IND B+/Stable 1041.9 Assigned
Sahakari Sakhar Karkhana Ltd
Shree Tatyasaheb Kore Warana Fund based WC facility IND B+/Stable 5240 Assigned
Sahakari Sakhar Karkhana Ltd
Shree Tatyasaheb Kore Warana Proposed TL* Provisional IND 218.1 Assigned
Sahakari Sakhar Karkhana Ltd B+/Stable
*The rating is provisional and shall be confirmed upon the sanction and execution of loan
documents for the above facilities to the satisfaction of Ind-Ra.
United Bank Of India LT Issuer Rating IND AA- -
Rating Watch Evolving (RWE).
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Note:- All Indian National-scale ratings previously assigned by Fitch have been transferred to
India Ratings & Research Private Ltd (India Ratings), which is a wholly owned subsidiary of the
Fitch Group. The withdrawn criteria are now available on India Ratings' website at
www.indiaratings.co.in
$: 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
INDIA RATINGS 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; RWN- Rating
Watch Negative;
RWN- Rating Watch Evolve.
(Mumbai Rate Reporting Unit + 91 22 6180 7222 / 3317 7222, E-mail at
rru.data@thomsonreuters.com)
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