Apr 28 (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 April 27, 2017. COMPANY
INSTRUMENT
RATING
AMOUNT
MOVEMENT
(RS.MLN) ------
----------
------
------
--------- SHORT TERM RATINGS: ------------------- Jubilant Enpro Pvt Ltd
Non-FB WC facility
IND A3
40
Affirmed Kaveri Engineering Projects Pvt Non-FB WC limit
IND A4+
120
Affirmed Ltd (increased from INR60.0) Kay Em Copper Pvt Ltd
Non-FB BG
IND A4+
10
Migrated to
Non Cooperating
Category Kay Em Copper Pvt Ltd
Non-FB LOC
IND A4+
90
Migrated to
Non Cooperating
Category Kay Em Copper Pvt Ltd
FC/CEL
IND A4+
2
Migrated to
Non Cooperating
Category Mukesh Balvantrai Rotliwala
FB Fac
IND A4+
250
Affirmed Shriram Pistons And Rings Ltd Non-FB WC limits
IND A1+
1350
Affirmed Shriram Pistons And Rings Ltd CP*
IND A1+
100
Affirmed
* Outstanding is NIL MEDIUM TERM RATINGS: ------------------- Shriram Pistons And Rings Ltd Term deposit
IND tAA+
600
Affirmed
SHORT TERM RATINGS: -------------------
Avalon Technology And Services Long-TL
IND BB+
163
Assigned Pvt Ltd Avalon Technology And Services FB Fac
IND BB+ /IND A4+ 100
Assigned Pvt Ltd Coromandel International
LT Issuer rating
IND AA+
-
Affirmed Hope Healthways
Long-TL
IND D
80
Migrated to
Non Cooperating
Category
Jagan Industries Ltd
FB Fac
ND BB /IND A4+ 60
Migrated to
Non Cooperating
Category Jharkhand Road Projects
Proposed senior,
Provisional IND 17300
Assigned Implementation Co. Ltd
secured, redeemable
AA(SO)
NCDs Jubilant Enpro Pvt Ltd
TL
IND BBB-
337.3
Affirmed Jubilant Enpro Pvt Ltd
FB WC facility
IND BBB- /IND A3 50
Affirmed Kaveri Engineering Projects Pvt FB WC limit
IND BB /IND A4+ 55
Affirmed Ltd Kay Em Copper Pvt Ltd
FB CC facility
IND BB- /IND A4+ 40
Migrated to
Non Cooperating
Category Mukesh Balvantrai Rotliwala
FB Fac
IND BB+
250
Upgraded from
IND BB New Haryana Overseas
FB WC limit
IND B+ /IND A4 95
Migrated to
Non Cooperating
Category Shriram Pistons And Rings Ltd FB WC limits
IND AA
750
Affirmed Tulsi Marketing
FB WC limits
INDBB- /IND A4 50
Assigned Uem India Pvt Ltd
Fund based WC facility -
100
Withdrawn Uem India Pvt Ltd
NFB WC facility
-
750
Withdrawn Western Up Tollways Ltd
TL
IND A-
2220
Assigned Western Up Tollways Ltd
NCDs
IND A-
1570
Assigned ----------------------------------------------------------------------------------------------- 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.