Jul 16 (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 July 15, 2019.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
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SHORT TERM RATINGS:Abhiram Infra Projects Non-FB WC limits (ST) IND D 1280 Affirmed Advance India Projects Non-FBL# IND A4+ 150 - #Downgraded to ‘Provisional IND A4+’ and assigned final rating following the receipt of executed
Kribhco Fertilizers CP (CP) programme** IND A1+ 8000 Affirmed **The CP will be carved out of fund-based limits. Mobility Solutions Non-FB WC limits IND A4+ 75 - (Migrated to non-cooperating category) Prism Johnson Non-FB WC limits IND A1 4000 Affirmed Prism Johnson Unsecured short-TL IND A1 3550 Affirmed Prism Johnson CP programme IND A1 2000 Affirmed Radha Smelter Non-FB WC limit IND A3 5 Affirmed
Abhiram Infra Projects FB WC limits (LT/ST) IND D 300 Affirmed Advance India Projects TL* IND BB+ 200 - *Downgraded to ‘Provisional IND BB+/Stable’ and assigned final rating following the receipt of
Eastman Industries TL - 25 Withdrawn
Eastman Industries FB WC limits IND BBB+ / IND A2220 Affirmed
Eastman Industries Non-FB WC limits IND BBB+ / IND A2112.3 Affirmed
Eveready Industries CP* - 1000 Withdrawn
(Fully Repaid) / * Was carved out of the existing fund-based working capital banking lines
Eveready Industries Short-TL - 310 Withdrawn
(Fully Repaid)
Eveready Industries TL IND BBB-/RWN 3010.4 Downgraded
(Maintained on RWN)
Eveready Industries FB limits IND BBB-/RWN/IND 1600 Downgraded
A3/RWN
(Maintained on RWN)
Eveready Industries Non-FB limits ND BBB-/RWN/IND 1200 Downgraded
A3/RWN
(Maintained on RWN)
Extol Education Society TL IND BB 37.04 -
(Maintained in non-cooperating category)
Extol Education Society Bk overdraft facility IND BB 60 -
(Maintained in non-cooperating category)
Kribhco Fertilizers Proposed NCDs (NCDs)* Provisional IND 4000 Affirmed
AA-
*The final rating will be assigned following the closure of the issue upon the receipt of finalMobility Solutions TL IND BB 28 - (Migrated to non-cooperating category) Mobility Solutions FB WC limits IND BB / A4+ 90 - (Migrated to non-cooperating category) Nagpur Seoni Express Way NCDs IND AAA 1950* Placed on RWN *Amount outstanding on 31 March 2019 was INR1,636.5 million Pg Electroplast FB WC limit* - 620 *Upgraded to ‘IND BBB’/Stable from ‘IND BBB-’/Stable before being withdrawn Pg Electroplast TL* - 503.2 *Upgraded to ‘IND BBB’/Stable from ‘IND BBB-’/Stable before being withdrawn Pg Electroplast Non-FB WC limit** - 180 **Upgraded to ‘IND A3+’ from ‘IND A3’ before being withdrawn Piccadily Agro Industries TL IND BBB- 48.6 Reaffirmed (Outlook revised to Negative from Stable) Piccadily Agro Industries FB Bk Fac IND BBB- /A3 950 Reaffirmed (Outlook revised to Negative from Stable) Piccadily Agro Industries Non-FB Bk Fac IND BBB- /A3 50 Reaffirmed (Outlook revised to Negative from Stable) Prism Johnson NCDs (NCDs) IND A 4950 Upgraded Prism Johnson TL IND A 7950 Upgraded Prism Johnson FB limits IND A 4500 Upgraded Prism Johnson Term deposit programme IND tA+ 150 Upgraded Prism Johnson Proposed NCDs Provisional IND A1150 Affirmed Radha Smelter TL IND BBB- 266.5 Affirmed (Outlook revised to Negative from Stable) Radha Smelter FB WC limit IND BBB-/ IND A3 610 Affirmed (Outlook revised to Negative from Stable) Raj Borax FB Fac* - 55 - * Maintained at ‘IND BB+(ISSUER NOT COOPERATING)’/‘IND A4+(ISSUER NOT COOPERATING)’ before being
Raj Borax Non-FB Fac# - 55 - # Maintained at ‘IND A4+(ISSUER NOT COOPERATING)’ before being withdrawn Visakhapatnam Smart City Rupee TL (Package 1) IND BBB 2457.1 Assigned Corporation