India Ratings Awarded India Debt Instruments Ratings

Medium Term Notes blog update is courtesy of 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 February 26, 2015.

Company  Instrument Rating Amount(RS .MLN) Movement
Short Term Ratings:
Aarti Industries Ltd CP IND A1+ 2000 Assigned
Arihant Ship Breakers Non-FB WC limits IND A4 75 Assigned
Champion Rolling Mill Pvt Ltd Non-FB limits IND A4+ 140 Assigned
Dinesh Textile Mills NFB WC limits IND A4 2.5 Assigned
Maheshwari Logistics Pvt Ltd Non FBL IND A3 224.8 Suspended
R V Plastic Ltd Non-FB BG IND A4 70 Assigned
Shakun Gases Pvt Ltd Non-FB WC limits IND A4 190 Assigned
Wellman Carbo Metalicks (I) Ltd Non FBL IND A4+ 560 Assigned
Long Term Rating:
Aarti Industries Ltd LT Issuer Rating IND AA- Assigned
Arihant Ship Breakers Long-TL IND B- 16.2 Assigned
Arihant Ship Breakers Fund based WC limits IND B- 75 Assigned
Champion Rolling Mill Pvt Ltd Long-TL IND BB+ 49.95 Assigned
Champion Rolling Mill Pvt Ltd FB limits (CC) IND BB+ 200 Assigned
Dinesh Textile Mills FB WC limit IND B+ 40 Assigned
Dinesh Textile Mills TL IND B+ 11.69 Assigned
Kbs Industries Pvt Ltd TL IND B 9.9 Assigned
Kbs Industries Pvt Ltd FB WC limit IND B/ A4 100 Assigned
Kbs Industries Pvt Ltd Proposed FB WC limit IND B (exp)/ 100 Assigned
A4 (exp)
Ls Rice Exports Pvt Ltd TL IND B 13.1 Assigned
Ls Rice Exports Pvt Ltd FB WC limit IND B/ A4 40 Assigned
Maheshwari Logistics Pvt Ltd LT Issuer Rating IND BBB Suspended
Maheshwari Logistics Pvt Ltd FBL IND BBB 270 Suspended
Maheshwari Logistics Pvt Ltd TL IND BBB 69.4 Suspended
Mars Packaging Industries TL IND B/ A4 6.8 Assigned
Mars Packaging Industries FB WC limit IND B+/ A4 70 Assigned
R V Plastic Ltd FB limits IND B- 100 Assigned
Shakun Gases Pvt Ltd FB WC limits IND B- 40 Assigned
Shri Khemisati Plaspack Llp TL 37.5 Assigned
(Khemisati) IND B- 20 Assigned
Shri Khemisati Plaspack Llp FBL
(Khemisati) IND AA- Outlook to
Shriram Pistons & Rings Ltd LT Issuer Rating Positive

 

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 The withdrawn criteria are now available on India Ratings’ website at www.indiaratings.co.in

 

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