CARE ratings for Indian debt instruments-Nov 9 By Reuters

© Reuters. CARE ratings for Indian debt instruments-Nov 9

Nov 9 (Reuters) – Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of November 8, 2018. COMPANY

INSTRUMENT

RATING

AMOUNT MOVEMENT

(RS.MLN) ——-

———-

——

——- ——— SHORT TERM RATINGS: ——————- Agroh Rewa Ring Road Pvt Ltd

ST Bk Fac

CARE A3+ (SO) 9

Reaffirmed Bansal Infraprojects Pvt Ltd

ST Bk Fac

CARE A3

100

Revised from

CARE A4+ (Issuer Not Cooperating)/(enhanced from 5.00crs) Focus Comtrade Pvt Ltd.

ST Bk Fac – BG

CARE A4

60

Assigned Focus Comtrade Pvt Ltd.

ST Bk Fac –

CARE A4

5

Assigned

Packing Credit Mediplus (India) Ltd

ST Bk Fac

CARE A3

130.5 Reaffirmed Mojj Engineering Systems Ltd

ST Bk Fac

CARE A4

180

Reaffirmed Sree Padmanabha Cashew

Short -term Bk Fac CARE A4

5 (Issuer Not Cooperating) Syrma Technology Pvt Ltd

ST Bk Fac

CARE A3+

200

Revised from

CARE A3 LONG TERM RATINGS: ——————- Agroh Biaora Tollways Pvt Ltd

LT/ST Bk Fac

Withdrawn Agroh Biaora Tollways Pvt Ltd

LT Bk Fac

CARE BBB (SO) 604.2 Reaffirmed (reduced from Rs.63.35 crore) Agroh Diu Link Highways Pvt Ltd

LT Bk Fac

CARE BBB (SO) 2941.5 Reaffirmed Agroh Infrastructure Developers Pvt LT Bk Fac

CARE BBB

200

Reaffirmed Ltd (enhanced from Rs.15 crore) Agroh Infrastructure Developers Pvt LT/ST Bk Fac

CARE BBB /CARE 1200

Reaffirmed Ltd

A3+ (reduced from Rs.130.00 crore) Agroh Rewa Ring Road Pvt Ltd

LT/ST Bk Fac

Withdrawn Agroh Rewa Ring Road Pvt Ltd

LT Bk Fac

CARE BBB (SO) 505.2 Reaffirmed (reduced from Rs.52.60 crore) Bansal Infraprojects Pvt Ltd

LT Bk Fac

CARE BBB-

120

Revised from

CARE BB+ (Issuer Not Cooperating)/(enhanced from 7.00 crs) Fathimuthu Amma Mills Ltd

LT Bk Fac

CARE BBB-

232.5 Reaffirmed (enhanced from 18.25crs) Fuletra Agro Food

LT Bk Fac

CARE B+

40.1

Reaffirmed (enhanced from 3.75crs) Fuletra Agro Food

LT/ ST Bk Fac

CARE B+ /CARE 50

Reaffirmed

A4 Ivy Health & Life Sciences Pvt Ltd

LT Bk Fac

Withdrawn K & J Projects Pvt Ltd

LT Bk Fac

CARE BBB-

213

Reaffirmed Knowledge Institute Of Technology

LT Bk Fac

CARE BB+

88.4

Assigned Trust Manawar Kukshi Tollways Pvt Ltd

LT Bk Fac

CARE BBB (SO) 482.3 Reaffirmed (reduced from Rs.52.64 crores) Mediplus (India) Ltd

LT Bk Fac

CARE BBB-

64.8

Revised from

CARE BBB Mediplus (India) Ltd

Long/ST Bk Fac

CARE BBB-

7.5

Revised from

/CARE A3

CARE BBB Mojj Engineering Systems Ltd

LT Bk Fac

CARE BB

78.5

Reaffirmed Nk Power & Infrastructure Pvt Ltd

LT Bk Fac

CARE BB+

870

Reaffirmed (enhanced from 72.00crs) Seyad Cotton Mills Ltd

LT Bk Fac

CARE BBB-

173.4 Reaffirmed (reduced from 18.16crs) Sree Padmanabha Cashew

Long -term Bk Fac CARE B+

50

– (Issuer Not Cooperating) Syrma Technology Pvt Ltd

LT Bk Fac

CARE BBB

188

Revised from

CARE BBB- (enhanced from 17.39crs) Syrma Technology Pvt Ltd

LT/ ST Bk Fac

CARE BBB

340

Revised from

CARE BBB- (enhanced from 28.00 crs) Tenshi Life Sciences Pvt Ltd

LT Bk Fac

CARE B+

125

Assigned Tenshi Life Sciences Pvt Ltd

LT/ ST Bk Fac

CARE B+ /CARE 4.3

Assigned

A4 Visage Holdings And Finance Pvt Ltd Proposed NCD

CARE BBB

280

Assigned ——————————————————————————————– $: 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.



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