CARE ratings for Indian debt instruments-May 31 | Reuters - leroyvance68's Blog

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CARE ratings for Indian debt instruments-May 31 | Reuters

Posted

May 31 Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)

for local debt instruments as of May 30, 2016.

COMPANY INSTRUMENT RATING AMOUNT MOVEMENT

(RS.MLN)

------- ---------- ------ ------- ---------

SHORT TERM RATINGS:

-------------------

Baramati Speciality Steels Ltd ST Bk Fac CARE A3 20 Assigned

Carbon Edge Industries Ltd ST Bk Fac CARE A3 48.4 Assigned

Floorex Tiles ST Bk Fac CARE A4 255 Assigned

Gawar Construction Ltd ST Bk Fac CARE A1 1500 Assigned

Pankaj Glass Works Ltd ST Bk Fac CARE A4 30 Assigned

Quick Foods Company ST Bk Fac CARE A4 4.5 Assigned

Saeco Strips Pvt Ltd ST Bk Fac CARE A4 10 Assigned

Standard Frozen Foods Export Pvt Ltd ST Bk Fac CARE A4 120 Assigned

LONG TERM RATINGS:

-------------------

Baramati Speciality Steels Ltd LT Bk Fac CARE BBB 587.9 Assigned

Carbon Edge Industries Ltd LT Bk Fac CARE BBB- 130.4 Assigned

Carbon Edge Industries Ltd LT/ ST Bk Fac CARE BBB-/A3 600 Assigned

Floorex Tiles LT Bk Fac CARE BB 222.7 Assigned

Gawar Construction Ltd LT Bk Fac CARE A 210 Assigned

Gawar Construction Ltd LT/ ST Bk Fac CARE A/CARE A1 10500 Assigned

Gujarat Road And Infrastructure Co.LtdLT NCD (NCD) issue CARE AAA (SO) 3000 Assigned

Pankaj Glass Works Ltd LT Bk Fac CARE B+ 131 Assigned

Quick Foods Company LT/ ST Bk Fac CARE BB-/ 80 Assigned

CARE A4

Quick Foods Company LT Bk Fac CARE BB- 3.9 Assigned

Saastha Mega Food Park Pvt Ltd LT Bk Fac - CARE BBB- 1200 Assigned

Proposed TL

Saeco Strips Pvt Ltd LT Bk Fac CARE B+ 174.4 Assigned

Sri Balaji Trading Corporation LT Bk Fac CARE B 60 Assigned

Standard http://www.carparts.com/mirror Frozen Foods Export Pvt Ltd LT Bk Fac CARE B+ 230 Assigned

Smart Value Homes (Peenya Project) LT Bk Fac CARE AA 2000 Reaffirmed

Pvt Ltd

--------------------------------------------------------------------------------------------

$: 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wd -Rating Stands Withdrawn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 http://mirrors.novica.com/ 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) -

lustro

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)

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