Ratings Till 20aug2010

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aspx
Rating / Grading Actions

August 20, 2010 ICRA assigns conditional LBBB-(SO) rating to the bank facilities of Pune Embassy
Projects Private Limited
August 20, 2010 ICRA assigns LBB-/Stable and A4 rating to bank limits of Lakshmi Sugar Mills Co.
Limited
August 20, 2010 ICRA assigns LB+ to bank facilities of Mahalakhsmi Profiles Private Limited
August 20, 2010 ICRA retains ratings of IBN18 Broadcast Limited; changes rating outlook
August 20, 2010 ICRA retains the ratings of Network 18 Media and Investments Limited
August 20, 2010 ICRA retains ratings of Television Eighteen India Limited; changes rating outlook
August 20, 2010 ICRA reaffirms LBB- and A4 ratings to bank facilities of Samrat Plywood Limited;
assigns stable outlook
August 20, 2010 ICRA suspends the ratings for bank facilities of Royal Regency Fassions Private
Limited
August 20, 2010 ICRA suspends the ratings for bank facilities of Siomond Pharmaceuticals Private
Limited
August 20, 2010 ICRA suspends the ratings for bank facilities of Amit Medicos
August 20, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of DEETEE Industries Limited;
August 20, 2010 ICRA assigns LB+ rating to the long term bank facilities and A4 rating to short term
bank facilities of Umang Boards Private Limited;
August 20, 2010 ICRA reaffirms LBB rating for the bank facilities of OPG Power Gujarat Private Limited;
August 20, 2010 ICRA assigns LBB+/A4+ rating to bank facilities of C.Dinesh & Company Private
Limited
August 20, 2010 ICRA assigns A1+ rating to the proposed Rs. 200 crore short term facilities of Godrej
Consumer Products Limited (GCPL)
August 20, 2010 ICRA upgrades the ratings assigned to the bank facilities of SNC Power Corporation
(P) Limited; assigns Stable outlook
August 20, 2010 ICRA assigns LBB (stable) and A4 ratings to the bank facilities of RTStar Diamonds
(RTSD)
August 20, 2010 ICRA reaffirms issuer rating of IrAAA to SBI DFHI Limited
August 20, 2010 ICRA downgrades and suspends the rating for bank facilities of Vardhman Agencies
Private Limited
August 20, 2010 ICRA assigns LBBB- and A3 ratings to the bank facilities of Vasu Chemicals; assigns
stable outlook
August 19, 2010 ICRA assigns LBB-/Stable and A4 ratings to bank facilities of Venky Hi-Tech Ispat
Limited
August 19, 2010 ICRA reaffirms ICOMM Tele Limited long-term rating at LBBB- and short-term rating at
A3; rated amount enhanced
August 19, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Ruby Bus Private Limited;
August 19, 2010 ICRA assigns LBB rating to bank facilities of Shreenathji Cotton Industries
August 19, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Jaswant & Co.
August 19, 2010 ICRA upgrades Lilliput Kidswear Limited’s short-term rating to A1; re-affirms the
long-term rating at LA- and assigns A1 rating to the Commercial Paper Programme
August 19, 2010 ICRA assigns LA (Stable) rating to proposed Non Convertible Debenture program of
Peninsula Land Limited
August 19, 2010 ICRA assigns LAA- to the Upper Tier II Bonds Programme of Yes Bank Limited
August 19, 2010 ICRA reaffirms an A1+ rating to Short Term Debt programme of Aditya Birla Finance
Limited (Erstwhile Birla Global Finance Company Limited)
August 18, 2010 ICRA reaffirms the LAA- and A1+ ratings for bank facilities and MAA- rating for Fixed
Deposit programme of Oriental Hotels Limited, rated amount enhanced; long term
ratings carry a stable outlook
August 18, 2010 ICRA releases an update on the performance of ABS pools
August 18, 2010 ICRA assigns A1+ to the enhanced Short Term Debt Programme of Infrastructure
Development Finance Company Limited; reaffirms other ratings
August 18, 2010 ICRA assigns A3 rating for the bank facilities of AG Granites Private Limited
August 18, 2010 ICRA assigns A4+ rating for the bank facilities of Amman Granites
August 18, 2010 ICRA reaffirms the LA+(SO) rating assigned to the bond programme of Madurai
Municipal Corporation – Inner Ring Road Project
August 18, 2010 ICRA assigns LA+ (SO) and A1 (SO) ratings to the bank facilities of Abhisar Buildwell
Private Limited
August 18, 2010 ICRA assigns LBB and A4 ratings to bank facilities of CMI Limited; assigns stable
outlook for long term rating
August 18, 2010 ICRA re-affirms the LBBB and A2 ratings for the bank facilities of Virgin Mobile India
Private Limited; assigns stable outlook
August 18, 2010 ICRA re-affirms the LBBB- rating assigned to the fund based and non-fund based
facilities of Modern Industries; assigns stable outlook
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facilities of Modern Industries; assigns stable outlook

August 18, 2010 ICRA assigns LA+ rating to the proposed bank facilities of Mahindra Lifespace
Developers Limited
August 18, 2010 ICRA assigns LBB+(stable)/A4+ ratings to the bank facilities of Terram Geosynthetics
Private Limited.
August 18, 2010 ICRA assigns LBB (Stable)/ A4 ratings to the bank facilities of Steel & Metals
August 18, 2010 ICRA upgrades Siti Energy Limited’s long term rating to LBB-; reaffirms short term
rating at A4
August 18, 2010 ICRA assigns LB and A4 ratings to the bank facilities of RTStar Jewelry Private Limited
(RTSJPL)
August 18, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of SP Spinning Mills Private
Limited; assigns stable outlook
August 17, 2010 ICRA Withdraws Rating Assigned to the Long Term Non-Convertible Debenture
Programme of Trent Limited
August 17, 2010 ICRA revises the rating for bank facilities of Salora International Limited
August 17, 2010 ICRA reaffirms LAA+ rating to long term bank lines and A1+ rating to short term
borrowing programme of GIC Housing Finance Limited
August 17, 2010 ICRA assigns LBBB- rating to the bank facilities of GMR Sports Private Limited; assigns
a stable outlook
August 17, 2010 ICRA assigns LB+ and A4 ratings to bank facilities of Shree Seco Private Limited
August 16, 2010 ICRA assigns LBBB- rating to the bank facilities of Annapurna Studios Private Limited
August 16, 2010 ICRA reaffirms the LBBB+ and A2+ ratings assigned to bank lines of Antique Granito
Private Limited; assigns a stable outlook
August 16, 2010 ICRA upgrades the rating for the bank facilities of Goenka Diamond & Jewels Limited
(GDJL)
August 16, 2010 ICRA re-affirms the LBBB- and A3 ratings for bank facilities of Khazana Jewellery
Private Limited
August 16, 2010 ICRA assigns A1+ rating to the Rs. 15 crore Short Term Debt programme of Kotak
Commodity Services Limited
August 16, 2010 ICRA revises the ratings for bank facilities of Model Infra Corporation Private Limited to
LBBB-/A3 and assigns a stable outlook
August 16, 2010 ICRA assigns A2 (SO)& rating to bank facilities of NSL Tidong Power Generation
Private Limited
August 16, 2010 ICRA upgrades the ratings for the bank facilities of OPG Power Generation Private
Limited to LBBB-/A3; assigns stable outlook
August 16, 2010 ICRA assigns A2 rating to the bank facilities of Pradeep Stainless India Private Limited
August 16, 2010 ICRA assigns LBBB+ and A2+ ratings for the bank facilities of Resil Chemicals Private
Limited
August 16, 2010 ICRA reaffirms LBB+ rating to bank facilities of RKSK Overseas Private Limited;
assigns stable outlook, rated amount enhanced
August 16, 2010 ICRA assigns LBBB (Stable) and A3+ ratings to enhanced bank facilities of Sai
Regency Power Corporation Limited
August 16, 2010 ICRA assigns LAAA rating with a stable outlook to fresh Rs. 50 crore Non Convertible
Debenture Programme; reaffirms highest ratings to various debt instruments of SBI
Global Factors Limited
August 16, 2010 ICRA assigns LBB- and A4 ratings to the bank facilities of Shyam Timber Private
August 16, 2010 ICRA reaffirms LBB and A4 ratings to bank facilities of Star Agro Marine Exports
Private Limited
August 16, 2010 ICRA reaffirms A3 ratings for the bank facilities of Sunstar Overseas Limited; also
assigns LBBB- rating with stable outlook
August 16, 2010 ICRA withdraws rating assigned to the short term debt programme of Jamnalal Sons
Private Limited
August 13, 2010 ICRA assigns LBB- and A4 ratings to the bank facilities of Spa Ceramic Private Limited
August 13, 2010 ICRA assigns A4+ rating to bank facilities of Flawless Jewellery Private Limited
August 13, 2010 ICRA upgrades Deepak Fertilisers & Petrochemicals Corporation Limited’s long term
rating to LAA; reaffirms the short term rating at A1+
August 13, 2010 ICRA places the ratings of Madhu Mineral Enterprises on watch with negative
implications
August 13, 2010 ICRA assigns LB+ rating to bank facilities of Raj Rajeshwari Techno Fab (P) Limited
August 13, 2010 ICRA upgrades the ratings for bank facilities of Kanodia Technoplast Limited to LBB-
and A4
August 13, 2010 ICRA assigns IPO Grade 4 to the proposed Initial Public Offering of VA Tech Wabag
Limited
August 13, 2010 ICRA assigns LBB (stable) and A4 ratings to bank facilities of Akshay Insulated
Conductors
August 13, 2010 ICRA assigns LBBB- and A3 ratings to the bank facilities of Express Publications
(Madurai) Limited; stable outlook assigned.
August 13, 2010 ICRA reaffirms the ratings for bank facilities of Vardhman Polytex Limited
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August 13, 2010 ICRA reaffirms the ratings for bank facilities of Vardhman Polytex Limited
August 13, 2010 ICRA assigns LBBB- and A3 ratings to enhanced bank facilities of VS Lignite Power
Private Limited
August 13, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Falcon Business Resources
Private Limited; assigns stable outlook for long term rating
August 12, 2010 ICRA LIMITED: UNAUDITED FINANCIAL RESULTS FOR THE FIRST QUARTER
ENDED JUNE 30, 2010
August 12, 2010 ICRA assigns LBB-/A4 rating to the bank facilities of Rima Transformers & Conductors
August 12, 2010 ICRA assigns LAAA rating to the bond programmes of NTPC
August 12, 2010 ICRA has assigned an IPO Grade 2 to the proposed IPO of Bedmutha Industries
Limited
August 12, 2010 ICRA assigns LBBB (Stable) and A3+ ratings to bank facilities of GEA BGR Energy
System India Limited
August 12, 2010 ICRA assigns LBB-/Stable rating to bank facilities of Nextgen Printers Private Limited
August 12, 2010 ICRA reaffirms the LBBB+(SO) and A2(SO) ratings for the bank facilities of QuEST
Machining and Manufacturing Private Limited
August 12, 2010 ICRA upgrades the ratings for the bank facilities of Dhanuka Laboratories Limited
August 12, 2010 ICRA reaffirms the LBBB+ rating for the bank facility of QuEST Holding Company Inc.
August 12, 2010 ICRA assigns a rating of LBB- to the bank lines of Ramprastha Buildwell Private Limited
August 12, 2010 ICRA assigns a rating of LBB- to the bank lines of Ramprastha Estates Private Limited
August 12, 2010 ICRA assigns a rating of LBB- to the bank lines of Ramprastha Greens Private Limited
August 12, 2010 ICRA reaffirms the long-term rating of Botil Oil Tools India Private Limited at LBBB;
revises the short-term rating from A2 to A3+
August 12, 2010 ICRA withdraws A1+ rating to the short term debt programme of Birla Sun Life Asset
Management Company Limited (BSLAMC)
August 12, 2010 ICRA assigns LAA+ (stable) rating to the proposed Rs. 200 crore, Subordinated Debt
Programme and the Rs. 500 crore, Non Convertible Debenture Programme of Bajaj
Auto Finance Limited
August 12, 2010 ICRA assigns LBBB/Stable and A3+ ratings to bank facilities of Nezone Industries
Limited
August 11, 2010 ICRA upgrades the ratings of the bank facilities of Sri Krishna Pharmaceuticals Limited
to LBBB (Stable)/A3+ from LBBB-/A3; withdraws the LBBB- ratings of the term loan
facility
August 11, 2010 ICRA assigns LAA- rating to NCD programme of Prism Cement Limited; assigns a
stable outlook
August 11, 2010 ICRA reaffirms LBB+ (stable) and A4+ ratings for the enhanced bank facilities of
Capital Foods Limited (CFL); also assigns LBB+ (stable) rating to corporate loans of
CFL
August 11, 2010 ICRA reaffirms the ratings assigned earlier to the subordinated non-convertible
debenture programme and short-term debt programme of Srei Infrastructure Finance
August 11, 2010 ICRA assigns LBB (stable) and A4 ratings for the bank facilities of Jay Pee & Co.
August 11, 2010 ICRA reaffirms highest credit quality ratings of HDFC Limited; assigns A1+ rating to the
enhanced STD programme
August 11, 2010 ICRA assigns LB+ and A5 ratings to bank facilities of Imperial Fastners Private Limited
August 11, 2010 ICRA reaffirms the LA+ rating for bank facilities of Mahindra Navistar Automotives
Limited, rated amount enhanced
August 11, 2010 ICRA assigns LBB and A4 ratings to bank facilities of R.K. Metal & Plastic Private
Limited
August 11, 2010 ICRA reaffirms the LBBB and A3+ ratings for the bank facilities of Quality Engineering
and Software Technologies Private Limited
August 11, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Bedmutha Industries Limited;
August 10, 2010 ICRA assigns LBBB+ (stable) and A2+ ratings to the bank facilities of Loha Ispaat
Limited
August 10, 2010 ICRA revises the ratings for the bank facilities of Zylog Systems Limited
August 10, 2010 ICRA assigns LB+ and A4 rating to the bank facilities of Palla Textiles Private Limited
August 10, 2010 ICRA reaffirms the LBBB+(SO) and A2(SO) ratings for the bank facilities of QuEST
SEZ Development Private Limited
August 10, 2010 ICRA downgrades the long term rating of Vaibhav Corporation Private Limited to LB
August 10, 2010 ICRA assigns LBBB-/A3 ratings to the bank facilities of Axa Parenterals Limited
August 10, 2010 ICRA assigns LBB (stable) rating to fresh long-term loans of Gokak Textiles Limited;
reaffirms the LBB and A4 ratings for working capital bank facilities
August 10, 2010 ICRA revises the ratings for the bank facilities of Bajaj Motors Limited; rated amount
enhanced
August 10, 2010 ICRA assigns LBB- and A4 ratings to the bank facilities of SNQS International Socks
Private Limited; stable outlook assigned
August 10, 2010 ICRA reaffirms the LAA- and A1+ ratings to the bank lines of Transasia Bio-Medicals
Limited. Assigns stable outlook to long term rating
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Limited. Assigns stable outlook to long term rating

August 10, 2010 ICRA reaffirms LBBB- rating for the bank limits of Adani Logistics Limited; assign
Stable outlook
August 10, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Wingsfield Knitwear Private
August 10, 2010 ICRA assigns LBB/A4 rating to the bank facilities of Bharatkumar Indrasen Trading
Private Limited
August 10, 2010 ICRA withdraws the ratings for commercial paper programme of H&R Johnson (India)
Ltd.
August 9, 2010 ICRA assigns LBB- and A4 ratings to the bank facilities of H. K. Cotton Industries
August 9, 2010 ICRA reaffirms an A2+ rating to the bank limits of Emkay Global Financial Services
Limited (EGFSL)
August 9, 2010 ICRA reaffirms short term rating, withdraws long term rating of Ramco Systems Limited
based on guarantee from Madras Cements Limited and upgrades short term rating for
its enhanced bank facilities based on guarantee from Ramco Industries Limited
August 9, 2010 ICRA assigns A1+ rating to the Rs. 500 crore (enhanced from Rs 400 crore) short term
debt/Commercial Paper programme of Oscar Investments Limited
August 9, 2010 ICRA places the ratings of Mineral Enterprises Limited on watch with negative
implications
August 9, 2010 ICRA places the ratings of BMM Ispat Limited on watch with negative implications
August 9, 2010 ICRA places the ratings of Bharat Mines and Minerals on watch with negative
implications
August 9, 2010 ICRA upgrades ratings of Electronica Finance Limited to LBBB+ and A2
August 9, 2010 ICRA Places Three Port Companies on Rating Watch with Negative Implications
August 9, 2010 ICRA places LA rating assigned to the Rs. 100 crore term loan programme of
Mormugao Port Trust (MPT) under rating watch with negative implications
August 9, 2010 ICRA places the ratings assigned to the bank lines of SICAL Iron Ore Terminals Limited
on rating watch with negative implications
August 9, 2010 ICRA places the ratings of Shiva Shankar Minerals Limited on watch with negative
implications
August 9, 2010 ICRA reaffirms LA- and A1 ratings to bank facilities of Lafarge Aggregates and
Concrete (India) Private Limited
August 9, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Yazaki Wiring Technologies
India Limited; stable outlook assigned
August 9, 2010 ICRA assigns LBB rating to bank facilities of Hindon Forge Private Limited; assigns
stable outlook
August 9, 2010 ICRA assigns long term ratings of LBBB- and short term ratings of A3 to the bank lines
of Aloka Exports and assigns a stable outlook on the long term ratings
August 9, 2010 ICRA assigns LBB+ rating to bank facilities of BCC Estates Private Limited
August 9, 2010 ICRA retains LAA- Ratings for Cholamandalam Investment and Finance Company Ltd;
removes ‘Rating Watch with Developing Implications’; assigns 'Stable Outlook'
August 9, 2010 ICRA places the rating assigned to the bank lines of Krishnapatnam Port Company
Limited on rating watch with negative implications
August 6, 2010 ICRA assigns LBB (Stable) / A4 ratings to the bank facilities of Marinelines Ship
Breakers Private Limited
August 6, 2010 ICRA places the ratings of bank lines of Keti Construction (India) Limited under rating
watch with developing implications
August 6, 2010 ICRA places the rating of the term loan limit of Keti Sangam Infrastructure (India)
Limited on rating watch with developing implications; rated amount enhanced from Rs.
180 crore to Rs. 200 crore
August 6, 2010 ICRA reaffirms LAAA(SO) rating of Purchaser Payouts and upgrades the rating of
Second Loss Facility under a loan receivables assignment transaction originated by
Shriram Transport Finance Co. Ltd.
August 6, 2010 ICRA reaffirms the LBB and A4 ratings for bank facilities of Vasundhara Cotton Mills
August 6, 2010 ICRA assigns the LBB+ rating to the bank facilities of Sterling Oil Resources Limited;
August 6, 2010 ICRA assigns LAA rating to the Rs. 300 crore Lower Tier 2 bonds programme of Punjab
and Sind Bank
August 6, 2010 ICRA assigns LA+ rating to the enhanced bank facilities of Apeejay Surrendra Park
Hotels Limited; stable outlook assigned
August 6, 2010 ICRA revises the rating for bank facilities of B.L. Kapur Memorial Hospital
August 5, 2010 Thirteenth Finance Commission: Implications of Key Recommendations for State
Governments
August 5, 2010 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of Minda Corporation
Limited; assigns Stable outlook
August 5, 2010 ICRA reaffirms A1+ rating to the Rs. 2100 crore short term debt programme of RHC
Holding Private Limited
August 5, 2010 ICRA assigns LBB (stable) and A4 ratings to the bank facilities of Duroshox Private
Limited
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Limited
August 5, 2010 ICRA assigns LB rating to the bank facilities of Abhyudaya Educational Trust
August 5, 2010 ICRA assigns LBB- rating to bank facilities of Valentine Jewellery (India) Private Limited
August 5, 2010 ICRA assigns LBB-/A4 ratings for the bank facilities of JN Auto Private Limited; assigns
stable outlook
August 5, 2010 ICRA withdraws rating assigned to the short term line of credit of Suresh Brothers
August 5, 2010 ICRA upgrades the ratings for bank facilities of Sai Regency Power Corporation Limited
August 5, 2010 ICRA reaffirms a rating of LBBB+/A2+ to the bank lines of Ponni Sugars (Erode)
Limited
August 5, 2010 ICRA assigns LB+ ratings to the bank facilities of Dev Fun Point Reality Private Limited
August 5, 2010 ICRA reaffirms A4 rating for bank facilities of Monarch Gems
August 5, 2010 ICRA reaffirms ratings assigned to Shasun Chemical and Drugs Limited; revises outlook
to stable from negative
August 5, 2010 ICRA withdraws rating assigned to the Commercial Paper Programme of Shasun
Chemicals And Drugs Limited
August 4, 2010 ICRA reaffirms high credit quality rating to the long term debt programmes of Kotak
Mahindra prime Limited; outlook revised from ‘Stable’ to ‘Positive’
August 4, 2010 ICRA assigns LAA- to the Hybrid Tier I Bonds Programme of Yes Bank Limited
August 4, 2010 ICRA assigns LA- and A1 ratings to enhanced bank facilities of Rosa Power Supply
Company Limited
August 4, 2010 ICRA assigns LBB/ A4 ratings to the bank facilities of Saravana Textiles Private Limited
August 4, 2010 ICRA assigns LB and A4 ratings to the bank facilities of Aakash Tiles Private Limited
August 4, 2010 ICRA upgrades the ratings for bank facilities of Ambika Cotton Mills Limited
August 4, 2010 ICRA reaffirms LBBB- rating for the bank facilities of Adilabad Expressway Private
Limited; assigns negative outlook
August 4, 2010 ICRA revises the rating for the bank limits of Great Eastern Energy Corporation Limited
from LA- to LBBB+; assigns Stable outlook
August 4, 2010 ICRA assigns LBB+ and A4+ ratings to the bank facilities of ASP Sealing Products
August 4, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Virgo Polymers (India)
Limited
August 4, 2010 ICRA reaffirms the LBBB/A2 ratings for the bank facilities of Metro Exporters Private
August 4, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Icon Granito Private Limited;
August 4, 2010 ICRA assigns LBB- and A4 ratings to the bank facilities of Agroflex Reinforce Inc.
August 4, 2010 ICRA reaffirms highest credit quality rating to AIG Short Term Fund
August 3, 2010 ICRA reaffirms A1+ rating to bank lines of SBI funds Management Private Limited
August 3, 2010 ICRA assigns LAA rating with positive outlook to the Rs. 200 crore Non-Convertible
Debentures Programme of Sundaram BNP Paribas Home Finance Limited; outlook on
other long term ratings revised to positive
August 3, 2010 ICRA re-affirms the LAA-(SO) rating assigned to the Term Loan of Sistema Shyam
Teleservices Limited and assigns stable outlook
August 3, 2010 ICRA assigns Mars Builders long-term rating at LBB+ and assigns stable outlook
August 3, 2010 ICRA assigns LBBB- and A3 ratings to the bank facilities of Scientech Technologies
August 3, 2010 ICRA reaffirms LBBB- and A3 ratings to enhanced bank facilities of Emitec Emission
Control Technologies (India) Private Limited; assigns stable outlook
August 3, 2010 ICRA revises the ratings for the bank facilities of M.S. Khurana Engineering Limited;
August 3, 2010 ICRA reaffirms LA- rating for the long term bank limits and A2+ rating for short term
bank limits of Sinosteel India Private Limited; assigns stable outlook
August 3, 2010 ICRA assigns LA+/Stable rating to the enhanced Bank Limits of Manappuram General
Finance and Leasing Limited; re-affirms outstanding ratings
August 3, 2010 ICRA withdraws rating assigned to the long term Non-Convertible Debenture/ Partially
Convertible Debenture Programme of Umang Dairies Limited
August 2, 2010 ICRA assigns A1+ rating to Rs. 50 crore CP/STD programme of Swaraj Mazda Limited
August 2, 2010 ICRA revises the bank lines ratings of Oswal Spinning and Weaving Mills Limited;
places ratings on notice of withdrawal
August 2, 2010 ICRA reaffirms an A4+ rating to the bank limits of Crosseas Capital Services private
Limited
August 2, 2010 ICRA reaffirms the LBBB+ and A2+ ratings for bank facilities of Continental Engines
August 2, 2010 ICRA downgrades the long term rating of Quintegra Solutions Limited to LD
August 2, 2010 ICRA assigns LBBB- and A3 ratings to the enhanced bank facilities of LT Foods
August 2, 2010 ICRA assigns LBBB- and A3 ratings to the enhanced bank facilities of Daawat Foods
Limited(erstwhile Daawat Foods Private Limited); assigns stable outlook
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Limited(erstwhile Daawat Foods Private Limited); assigns stable outlook

August 2, 2010 ICRA suspends the ratings for the bank facilities of Magnum Ventures Limited
July 30, 2010 ICRA reaffirms the LBBB+ and A2+ ratings for the bank facilities of Bihar Tubes
July 30, 2010 ICRA assigns LA- rating to the term loan of Green Infra Wind Energy Private Limited
(GIWEPL)
July 30, 2010 ICRA assigns LBB (Stable) rating to bank facilities of Koppal Green Power Limited
July 30, 2010 ICRA assigns LBB-(Stable) rating to bank facilities of SNC Foods Private Limited
July 30, 2010 ICRA assigns LBB+ (stable) ratings to the bank facilities of Chandu Agencies
July 30, 2010 ICRA assigns LBB- rating to bank facilities of Eastern Himalaya Breweries Private
Limited
July 30, 2010 ICRA assigns LBBB- / A3 ratings to the bank facilities of F. Harley & Company Private
July 30, 2010 ICRA reaffirms the ratings for PTCs and Purchaser Payouts backed by pools of Vehicle
and Equipment finance Loans originated by Reliance Capital Limited (RCL)
July 30, 2010 ICRA reaffirms the ratings for bank facilities of Siesta Hospitality Services Limited;
July 30, 2010 ICRA assigns LAA- to the Upper Tier II Bonds Programme of Yes Bank Limited
July 30, 2010 ICRA assigns LB+ and A4 ratings to bank facilities of SSK Exports Limited
July 30, 2010 ICRA reaffirms the LA+ rating for bank facilities of Grant Thornton; assigns stable
outlook
July 30, 2010 ICRA reaffirms the LA+ rating for bank facilities of Walker Chandiok & Company;
July 30, 2010 ICRA assigns LBB- rating to bank facilities of M/s D.N.K; assigns stable outlook
July 30, 2010 ICRA upgrades Universal Comfort Product Limited’s long-term rating to LAA- and
assigns stable outlook; re-affirms the short-term rating at A1+
July 30, 2010 ICRA assigns LC rating to bank facilities of Sri Bhagwan Mahaveer Jain Educational
and Cultural Society
July 30, 2010 ICRA reaffirms ratings assigned to Pass Through Certificates (PTCs) under 4 mortgage
backed securitisation (MBS) transactions originated by ICICI Bank Ltd. (IBL)
July 30, 2010 ICRA assigns IPO Grade 3 to the proposed Initial Public Offering of Acropetal
Technologies Limited
July 30, 2010 ICRA reaffirms the LB+ and A4 ratings for bank facilities of Gini & Jony Limited
July 30, 2010 ICRA assigns A4+/LBB+ rating to the bank lines of Vazir Polymers Limited
July 30, 2010 ICRA places the ratings assigned to the bank lines of Halonix Limited on rating watch
with developing implications
July 30, 2010 ICRA reaffirms LBB and A4 ratings to the bank facilities of Sri Lakshmikantha Spinners
July 30, 2010 ICRA assigns LBB (Stable) Serveall Land Developers Private Limited
July 30, 2010 ICRA upgrades the ratings for bank facilities of Juken Uniproducts Private Limited;
assigns Stable Outlook
July 30, 2010 ICRA upgrades the ratings for bank facilities of Uniproducts (India) Limited; assigns
Stable Outlook
July 30, 2010 ICRA assigns LA- rating to the term loan of Acme Telecom Assets Limited and assigns
stable outlook
July 30, 2010 ICRA assigns LBB- (stable) and A4 ratings to the bank lines of Shree Om Shirtings
Private Limited
July 30, 2010 ICRA reaffirms ratings of the senior PTC tranches and Liquidity Facility, and upgrades
rating of Second Loss Credit Collateral in an ABS transaction originated by HDFC Bank
July 30, 2010 ICRA assigns LBB/A4 rating for the bank lines of Ram Fashion Exports Private Limited
July 30, 2010 ICRA places the LBBB- rating assigned to the bank facilities of Saville Estates Private
Limited on notice of withdrawal
July 30, 2010 ICRA suspends the ratings for the bank facilities of Alpha Services
July 30, 2010 ICRA assigns LAA+/Stable rating to the proposed non convertible debenture
programme of Dr. Reddy’s Laboratories Limited
July 30, 2010 ICRA assigns LBBB- / A3 ratings to the bank facilities of F. Harley & Company Private
July 30, 2010 ICRA assigns LBB- (Stable) / A4 ratings to bank lines of Granite Mart Limited
July 29, 2010 ICRA assigns LAA and A1+ ratings (under rating watch with negative implications) to
enhanced bank facilities of North Delhi Power Limited (NDPL)
July 29, 2010 ICRA assigns LBBB- rating to bank facilities of Silicon Institute of Technology
July 29, 2010 ICRA reaffirms the ratings for bank facilities of Haldiram Foods International Limited;
July 29, 2010 ICRA upgrades the ratings for bank facilities of Komal Foods Private Limited; assigns
stable outlook
July 29, 2010 ICRA reaffirms A1+ rating to Reliance Capital Limited’s short term debt programme
July 29, 2010 ICRA revises the ratings for bank facilities of Winwind Power Energy Private Limited;
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July 29, 2010 ICRA assigns LB+/A4 rating for the bank lines of Ganeshprasad Impex Private Limited
July 29, 2010 ICRA assigns LBB-/A4 rating for the bank lines of Patel Wood Works & Timber Mart
July 29, 2010 ICRA reaffirms LBBB- and assigns A3 ratings to bank facilities of Shri Rathi Steel
(Dakshin) Limited; assigns stable outlook
July 29, 2010 ICRA reaffirms LBBB- and assigns A3 ratings to bank facilities of Shri Rathi Steel
July 29, 2010 ICRA reaffirms the LBBB(Stable) and A2 ratings for bank facilities of The Yamuna
Syndicate Limited, rated amount enhanced
July 29, 2010 ICRA assigns LBBB+ rating to long term fund based bank limits and A2+ rating to short
term non fund based bank limits of Essel Shyam Communication Limited and assigns
positive outlook
July 29, 2010 ICRA assigns LBBB+ rating to long term fund based bank limits and A2+ rating to short
term non fund based bank limits of Essel Shyam Technologies Limited and assigns
positive outlook
July 29, 2010 ICRA assigns short-term rating of A4 to bank lines of Omaxe Infrastructure and
Construction Limited; re-affirms the long-term rating at LBB- with stable outlook
July 29, 2010 ICRA assigns LAA and A1+ ratings to Non Convertible Debentures and CP/ short term
debt programme of DIC India Limited
July 29, 2010 ICRA revises the rating assigned to the bank facilities of Acropetal Technologies
July 28, 2010 ICRA re-affirms the LBB rating assigned to Fund Based Limits of DD Properties Private
Limited and assigns stable outlook
July 28, 2010 ICRA reaffirms the A1+ rating of Naman Finance & Investments Private Limited
July 28, 2010 ICRA assigns the LBB rating to the bank facilities of Colorant Limited; assigns stable
outlook
July 28, 2010 ICRA assigns LB and A4 ratings to bank facilities of Sarvpriya Industries Limited
July 28, 2010 ICRA downgrades the ratings assigned to the bank facilities of Hind Metals & Industries
Private Limited
July 28, 2010 ICRA reaffirms LBBB (SO)/ A2 (SO) ratings to the bank facilities of Adcock Ingram
Limited
July 28, 2010 ICRA reaffirms A4+/LBB+ (Stable) ratings for the bank limits of Lalsons Jewellers
Limited
July 28, 2010 ICRA assigns LBB+ rating to bank facilities of Flicker Projects Private Limited
July 28, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Anil Special Steel Industries
July 28, 2010 ICRA assigns LBB (stable)/A4 ratings to the bank facilities of Devkinandan J. Gupta.
July 28, 2010 ICRA reaffirms LBB- / A4 ratings to the bank facilities of The Madras Medical Mission,
rated amount enhanced
July 28, 2010 ICRA assigns LBBB- rating to bank facilities of Baba Arts Limited; assigns stable
outlook
July 28, 2010 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of Apex Drugs and
Intermediates Limited, rated amount enhanced. Assigns stable outlook on the long term
ratings
July 28, 2010 ICRA revises ratings assigned to the bank lines of Fancy Fittings Limited
July 28, 2010 ICRA revises the ratings of the various debt facilities of Tata Metaliks Limited
July 28, 2010 ICRA revises the long term rating assigned to bank limits of Dharampal Satyapal Limited
and reaffirms short term rating; assigns stable outlook
July 28, 2010 ICRA assigns LA (Stable) to bank lines of Indag Rubber Limited
July 27, 2010 ICRA reaffirms the A1+ rating of Aditya Birla Capital Limited (Erstwhile Laxminarayan
Investments Private Limited)
July 27, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Associated Electricals (Gzb)
July 27, 2010 ICRA assigns highest credit quality rating to Export-Import Bank of India’s Long Term
debt programme
July 27, 2010 ICRA assigns LBBB+ (stable) and A2+ ratings to bank facilities of Burckhardt
Compression (India) Private Limited
July 27, 2010 ICRA revises the rating assigned to the bank facilities of Finestar Jewellery and
Diamonds Private Limited [erstwhile Finestar Jewellery (India) Pvt.ltd.]
July 27, 2010 ICRA assigns the LBB+ (stable) and A4+ ratings to bank facilities of Mirha Exports
Private Limited
July 27, 2010 ICRA reaffirms the A1+ rating of Naman Finance & Investments Private Limited
July 27, 2010 ICRA assigns LBB+ (stable)/A4+ ratings to the bank facilities of Nova ACR Services
(India) Pvt. Ltd. (erstwhile Nova Industries)
July 27, 2010 ICRA reaffirms LBBB+/A2 ratings for the bank facilities of Omax Autos Limited; assigns
stable outlook
July 27, 2010 ICRA revises the ratings for long term bank facilities of Precot Meridian Limited to
LBBB+ and assigns stable outlook; re-affirms the short-term rating at A2
July 27, 2010 ICRA upgrades the rating assigned to the bank limits of Rosa Power Supply Company
Limited
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Limited
July 27, 2010 ICRA reaffirms LBB+ rating for bank facilities of Sonam Builders; assigns stable outlook
July 27, 2010 ICRA places A4+ rating assigned to the bank facilities of Sumit Diamond (India) Private
Limited on notice of withdrawal
July 27, 2010 ICRA withdraws rating assigned to the Certificate of Deposits programme of IndusInd
Bank Limited
July 27, 2010 ICRA places the long-term rating of IDBI Home Finance Limited on rating watch with
positive implications
July 27, 2010 ICRA reaffirms the LBBB- (Stable) and A3 ratings for bank facilities of Kisan Irrigations
July 27, 2010 ICRA reaffirms the LBBB- (Stable) and A3 ratings for bank facilities of Kisan Mouldings
July 27, 2010 ICRA assigns LB+ / A4 ratings to the bank facilities of Tajpuriya Woodworks Private
Limited
July 26, 2010 ICRA assigns LBBB+/A2+ ratings to the enhanced bank facilities of ITD Cementation
India Limited, assigns negative outlook to the long-term rating
July 26, 2010 ICRA assigns A4 rating to the bank facilities of Madhu Jayanti International Limited
July 26, 2010 ICRA reaffirms LBBB- and A3 ratings for bank facilities of Desai Electronics Private
July 26, 2010 ICRA assigns A1+ rating to Reliance Home Finance Private Limited’s enhanced short
term debt programme
July 26, 2010 ICRA assigns A1+ rating to Reliance Consumer Finance Private Limited’s enhanced
short term debt programme
July 26, 2010 ICRA reaffirms the rating to the bank limits of Teesta Urja Limited
July 26, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Premier Bars Private Limited;
stable outlook assigned
July 26, 2010 ICRA assigns conditional LAA+(SO) rating to Series A1 PTCs issued by Pioneer Trust
2010
July 26, 2010 ICRA assigns LB+ and A4 ratings to the bank facilities of Shamvik Glasstech Private
Limited
July 26, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Link Enterprises; assigns
stable outlook
July 26, 2010 ICRA revises the rating for bank facilities of Winsome Yarns Limited
July 26, 2010 ICRA withdraws ratings assigned to the Assignee Payouts originated by Share Microfin
Limited.
July 26, 2010 ICRA suspends the ratings for the bank facilities of CMS Computers Limited
July 23, 2010 ICRA reaffirms LBBB+ and A2 ratings to bank facilities of Columbia Petro Chem Private
July 23, 2010 ICRA reaffirms LBB rating to bank facilities of Nirmal Seeds Private Limited, rated
amount enhanced
July 23, 2010 ICRA reaffirms A1+ rating for the bank limits of Tata Petrodyne Limited
July 23, 2010 ICRA assigns LBBB- (Stable) and A3 ratings to bank facilities of Eurolife Healthcare
Private Limited
July 23, 2010 ICRA assigns LB-/A5 rating to the bank limits of Indian Cane Power Limited
July 23, 2010 ICRA reaffirms the LBB+ and A4+ ratings to bank facilities of Soktas India Private
Limited
July 23, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Weavette Texstyles Limited
July 23, 2010 ICRA assigns LBB- and A4 rating to the bank limits of MULTILINK
July 23, 2010 ICRA assigns LAA-(SO) Stable ratings to India Infoline Investment Services Limited’s
fresh long term bank loan programme
July 22, 2010 ICRA: Private sector faces significant challenges in toll road projects
July 22, 2010 ICRA assigns LBB- rating to bank facilities of Rithwik Power Projects Limited
July 22, 2010 ICRA assigns conditional A1(SO) rating to payouts backed by a micro-finance loan pool
originated by Grama Vidiyal Microfinance Limited (GVMFL) - GVMFL Microfinance
Loan Pool D. A. Jul-10
July 22, 2010 ICRA assigns LBB- rating to the bank limits of Sri Sai Saptagiri Sponge Private Limited
July 22, 2010 ICRA revises rating of term loan of Shri Govind Realty Private Limited from LBB to LB+;
withdraws stable outlook
July 22, 2010 ICRA assigns LB+ and A5 ratings to the bank facilities of Pavan Cotton Products
Private Limited
July 22, 2010 ICRA reaffirms LBB/A4 rating to the bank facilities of Sriram Spinning Mills Limited
July 22, 2010 ICRA reaffirms the ratings assigned to Eros Resorts and Hotels Private Limited’s bank
lines; assigns stable outlook
July 21, 2010 ICRA assigns A1 rating to the enhanced short term debt programme (including
commercial paper) of KEC International Limited
July 21, 2010 ICRA assigns LBB+ rating to the bank facilities of Neumann Components Private
July 21, 2010 ICRA assigns LA- with ‘Stable’ outlook to the proposed bond issue of West Bengal State
Electricity Distribution Company Limited; reaffirms issuer rating of IrA-
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Electricity Distribution Company Limited; reaffirms issuer rating of IrA-

July 21, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of EROS for Sanitarywares
July 21, 2010 ICRA assigns LB+ rating to bank facilities of PBA Infrastructure Limited
July 21, 2010 ICRA revises the ratings assigned to the term loans and bank limits of International
Electron Devices Limited (IEDL)
July 21, 2010 ICRA upgrades short term rating assigned to the bank facilities of Anugraha Valve
Castings Limited; re-affirms long term rating at LBBB with a stable outlook
July 21, 2010 ICRA downgrades the ratings assigned to the bank facilities of Shyam Industries
Limited
July 21, 2010 ICRA reaffirms the LAA- and A1+ ratings for bank facilities of Prism Cement Limited,
assigns a stable outlook
July 21, 2010 ICRA withdraws the ratings for bank facilities of RMC Readymix (India) Private Limited
July 21, 2010 ICRA withdraws the ratings for bank facilities of H&R Johnson (India) Limited
July 20, 2010 ICRA reaffirms the LAA rating for bank facilities of Gujarat Guardian Limited; assigns
stable outlook; withdraws the A1+ rating assigned to short-term bank facilities
July 20, 2010 ICRA re-affirms LBBB-/ A3 ratings to the bank facilities of TIL Exports Private Limited
July 20, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Jeevan Diesels and Electrical
Limited
July 20, 2010 ICRA upgrades the ratings assigned to bank facilities of Aster Teleservices Private
Limited
July 20, 2010 ICRA reaffirms A3 rating to the bank facilities of Al-Gyas Exports Private Limited.
July 20, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Synthetic Packers Private
July 20, 2010 ICRA withdraw ratings assigned to the bank facilities of GMR Pochanpalli Expressways
Private Limited
July 19, 2010 ICRA assigns conditional rating to the Pass Through Certificates under loan
securitisation programme of Kotak Mahindra Prime Limited
July 19, 2010 ICRA assigns LBBB- (stable) and A3 ratings to the bank facilities of GHV (India) Private
Limited
July 19, 2010 ICRA suspends the ratings for bank limits of Shree Agencies Private Limited
July 19, 2010 ICRA reaffirms the rating of term loan facilities of Calcom Cement India Limited
July 19, 2010 ICRA assigns LBBB rating to the bank limits of Vibha Agrotech Limited
July 19, 2010 ICRA assigns LBB rating with stable outlook and A4 ratings to the bank facilities of
Uppal Ferrocast Private Limited
July 16, 2010 ICRA assigns a rating of LBBB to the bank lines of Tirthanjali Education Society
July 16, 2010 ICRA assigns LB- rating to bank facilities of Nanak Hi-Tech Private Limited
July 16, 2010 ICRA assigns LBBB- rating to the bank limits of Srishaila Constructions Private Limited
July 16, 2010 ICRA reaffirms the A4+ rating for bank facilities of Mehta Brothers Gems Private
Limited
July 16, 2010 ICRA assigns LBB rating to the bank lines of Lucid Gems
July 16, 2010 ICRA assigns LB+ and A5 ratings to the bank facilities of Automotive Coaches and
Components Limited
July 16, 2010 ICRA revises the rating for bank facilities of Oswal F M Hammerle Textiles Limited
July 16, 2010 ICRA assigns LBB- (stable) and A4 ratings to the bank facilities of Premium Tools
Private Limited
July 16, 2010 ICRA reaffirms the A4+ rating for bank facilities of CJ Exporters
July 16, 2010 ICRA assigns A1 rating to short-term debt programme of PMT Machines Limited
July 16, 2010 ICRA reaffirms LAA(stable) ratings to the Non Convertible Debenture Programme of
Citifinancial Consumer Finance India Limited(CCFIL)
July 16, 2010 ICRA assigns LBB+ and A4+ ratings to the bank lines of Kamal Sponge Steel and
Power Limited; assigns stable outlook
July 16, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of N.G. Projects Limited; assigns
stable outlook
July 16, 2010 ICRA assigns LBB (Stable) / A4 ratings to the bank facilities of Sri Venkatachalapathy
Spinning Mills Private Limited
July 16, 2010 ICRA reaffirms the LBBB rating assigned to CSJ Infrastructure Private Limited; assigns
stable outlook
July 16, 2010 ICRA assigns a rating of LBBB- to the bank lines of Gaursons India Limited
July 15, 2010 ICRA reaffirms LA and A1+ ratings to the bank lines of Reliance Power Limited
July 15, 2010 ICRA assigns LA- rating to long-term Bank Borrowings and A1 rating to CP Programme
of IFCI Limited
July 15, 2010 ICRA upgrades the ratings assigned earlier to the long term debt and bank borrowings
of Religare Finvest Limited to LAA-(stable); enhances the rated amount; assigns A1+
rating to the enhanced short term debt programme
July 15, 2010 ICRA assigns LBB/A4 rating to the bank lines of Synfab Industries Private Limited
July 15, 2010 ICRA reaffirms the rating assigned to long term debt of Vipul Limited; also assigns LB
rating to NCD programme
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rating to NCD programme

July 15, 2010 ICRA upgrades the rating assigned to the NCD programme of Tata Projects Limited
July 15, 2010 ICRA assigns LBBB+ and A2+ ratings to the bank facilities of Rice Lake Weighing
Systems India Limited
July 15, 2010 ICRA reaffirms the LBB and A4 ratings to bank lines of United Brothers
July 15, 2010 ICRA assigns LBB-/A4 ratings to the bank facilities of Shree Shankar Saw Mill Private
July 15, 2010 ICRA assigns LBB+ rating for the bank lines of Tribhovandas Bhimji Zaveri (Delhi)
Private Limited
July 15, 2010 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of Escorts Construction
Equipment Limited
July 15, 2010 ICRA re-affirms the long term rating of Indian Hotels Company Limited with a stable
outlook
July 15, 2010 ICRA assigns LBBB-/Stable and A3 ratings to bank facilities of Indicon Logistics Limited
July 15, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Sterling Publishers Private
Limited
July 15, 2010 ICRA upgrades the rating assigned to bank facilities of Aster Infrastructure Private
Limited
July 15, 2010 ICRA assigns LC rating to fund-based facilities of Sawhney Builders Private Limited
July 15, 2010 ICRA assigns LBB and A4 ratings to bank facilities of RPS Infrastructure Limited
July 15, 2010 ICRA assigns LBB+ and A4+ ratings to the bank lines of Anojkumar Agarwala & Co.
July 15, 2010 ICRA suspends the ratings for bank limits of Amneal Pharmaceuticals Company (I)
Private Limited
July 15, 2010 ICRA places LBB+ and A4+ ratings assigned to the bank facilities of Burn Standard
Company Limited on notice of withdrawal
July 14, 2010 ICRA reaffirms the LA+ and A1+ ratings for bank facilities of Banco Products (India)
Limited
July 14, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Getz Pharma Research Private
Limited
July 14, 2010 ICRA assigns LBB+ (Stable) and A4+ ratings to bank facilities of Shree Sant Kripa
Appliance Private Limited
July 14, 2010 ICRA reaffirms the ratings for PTCs and Purchaser Payouts backed by four pools of
Construction Equipment Loans originated by SREI Equipment Finance Private Limited
(SEFPL) as well as Common Cash Collateral provided in one securitisation transaction
July 14, 2010 ICRA reaffirms LA+ / A1+ ratings for bank lines of NTPC Alstom Power Services
Private Limited; assigns negative outlook for long term rating
July 14, 2010 ICRA reaffirms the ratings assigned to Navayuga Engineering Company Limited’s bank
July 14, 2010 ICRA re-affirms LBBB-/ A3 ratings to the bank facilities of Tablets (India) Limited;
withdraws the long term rating for term loan facility of Tablets (India) Limited
July 14, 2010 ICRA assigns LBBB- and A3 ratings to the bank facilities of Raaja Magnetics Limited;
July 14, 2010 ICRA upgrades ratings assigned to the bank facilities of Emerald Jewel Industry India
Limited; rated amount enhanced
July 14, 2010 ICRA upgrades ratings of assignee payouts backed by a commercial vehicle loan pool,
and reaffirms ratings of PTC tranches / assignee payouts backed by two other
commercial vehicle and Car loan pools originated by ICICI Bank Ltd. (IBL)
July 14, 2010 ICRA upgrades ratings of two PTC tranches/ assignee payouts and three Second loss
Pieces or rated portions of First loss Piece, reaffirms ratings of 11 PTC tranches /
assignee payouts backed by New Car and Used Car Loan pools originated by ICICI
Bank Ltd. (IBL)
July 14, 2010 ICRA assigns LBBB and A3+ ratings to bank facilities of TM Harbour Services Private
July 14, 2010 ICRA reaffirms the ratings assigned to bank lines and short term debt/ commercial
paper programme of Ranbaxy Laboratories Limited
July 14, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Bilasraika Sponge Iron India
Private Limited
July 14, 2010 ICRA assigns LA+ (stable) rating to additional long-term bank lines of DHFL Vysya
Housing Finance Limited
July 14, 2010 ICRA assigns LBB+ (stable) and A4+ rating to bank facilities of Raj Buildcon
Construction Limited
July 14, 2010 ICRA assigns LAAA rating to Tata Sons Limited
July 14, 2010 ICRA reaffirms LBB / A4 ratings to the bank facilities of Sai Global Yarntex (India)
Private Limited; assigns Stable outlook
July 14, 2010 ICRA reaffirms LB / A4 ratings to the bank facilities of Spads Textiles Limited
July 14, 2010 ICRA places the ratings of Super Religare Laboratories Limited under Rating watch with
developing implications
July 14, 2010 ICRA takes note of the proposed acquisition of Piramal Diagnostic Services Private
Limited by Super Religare Laboratories Limited
July 13, 2010 ICRA reaffirms ratings assigned to the bank lines of Adani Power Limited
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July 13, 2010 ICRA reaffirms ratings assigned to the bank lines of Adani Power Limited
July 13, 2010 ICRA reaffirms rating assigned to the bank lines of Adani Power Maharashtra Limited
July 13, 2010 ICRA reaffirms highest credit quality rating to debt schemes of Fidelity Mutual Fund
July 13, 2010 ICRA assigns LB+ and A5 ratings to bank facilities of Indhumathi Refineries Private
Limited
July 13, 2010 ICRA assigns the LBB- and A4 ratings to the bank facilities of Rupam Conductors
July 13, 2010 ICRA revises the rating assigned to bank facilities of Navkar Corporation Limited
July 13, 2010 ICRA assigns LA- and A2+ ratings to the bank lines of Amber Enterprises India Private
July 13, 2010 ICRA assigns A4 rating to bank facilities of Nikita Jewellery Private Limited
July 12, 2010 ICRA upgrades the ratings assigned to the bank facilities of Real Ispat & Power Limited
July 12, 2010 ICRA assigns LBB+ and A4+ ratings to the bank facilities of Kox Med & Lab Private
July 12, 2010 ICRA upgrades ratings for bank facilities of Kajaria Ceramics Limited; assigns stable
outlook for long term rating
July 12, 2010 ICRA assigns A1 to bank lines of Mosaic India Private Limited
July 12, 2010 ICRA assigns LAA rating with Positive outlook for the NCD programme of The Tata
Power Company Limited
July 12, 2010 ICRA downgrades the ratings assigned to the bank facilities of Just Textiles Limited
July 12, 2010 ICRA assigns LBB (stable)/A4 rating to the working capital facilities of Bloom Dekor
Limited
July 12, 2010 ICRA assigns LBB (stable) rating to the bank facilities of Mahati Hydro Power Projects
Private Limited
July 12, 2010 ICRA reaffirms LA/A1 rating to the bank limits of B Fouress (P) Limited (BFL, formerly
Boving Fouress (P) Limited)
July 12, 2010 ICRA reaffirms LA and A1 ratings to Rs. 30 billion fund based bank limits of Wireless TT
Info Services Limited and removes the ratings from watch; assigns stable outlook
July 12, 2010 ICRA reaffirms the LBBB- (Stable) and A3 ratings to bank facilities of Shree N M
Electricals Limited
July 12, 2010 ICRA downgrades the rating assigned to the bank facilities of Swati Menthol & Allied
Chemicals Limited
July 12, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Bhatia Industries and
Infrastructure Limited
July 12, 2010 ICRA assigns LB rating to the bank lines of HMA Food Export Private Limited
July 9, 2010 ICRA assigns A4+/LBB+ rating to the bank lines of Gold Star Diamond Private Limited
July 9, 2010 ICRA assigns LA rating to enhanced bank facilities of Automotive Axles Limited
July 9, 2010 ICRA assigns conditional LAAA(SO) rating to the Pass Through Certificates under an
Asset-Backed Securitisation programme originated by Reliance Consumer Finance
Private Limited
July 9, 2010 ICRA upgrades HSBC Ultra Short Term Bond Fund to A1+; reaffirms ratings of other
debt schemes of HSBC Mutual fund
July 9, 2010 ICRA reaffirms highest credit quality ratings to Principal Mutual Funds debt schemes
July 9, 2010 ICRA reaffirms LBB and A4 ratings to the bank limits of Agni Steels Private Limited
July 9, 2010 ICRA reaffirms the LA and A1 ratings assigned to Bank Lines and Short Term Debt/CP
programme of Archies Limited; assigns stable outlook
July 9, 2010 ICRA assigns A4/LBB rating to the bank lines of Shiv Jagannath Steel Private Limited
July 9, 2010 ICRA re-affirms ratings assigned to Jindal Steel and Power Limited (JSPL) and assigns
a stable outlook
July 9, 2010 ICRA assigns LBB- rating with stable outlook and A4 ratings to the bank facilities of
Gopal Oil Industries
July 9, 2010 ICRA withdraws ratings assigned to the Purchaser Payouts originated by GE Capital
Transportation Financial Services Limited
July 9, 2010 ICRA assigns highest credit quality rating to the Borrowing Programme of Power Grid
Corporation of India Limited
July 8, 2010 ICRA reaffirms LBB and A4 ratings for bank facilities of Fortuna Engineering (Nasik)
July 8, 2010 ICRA places the ratings of Network18 Media & Investments Limited, Television Eighteen
India Limited and IBN18 Broadcast Limited on rating watch with developing implications
July 8, 2010 ICRA assigns LBB (Stable)/ A4 rating to bank facilities of Shivalik Prints Limited
July 8, 2010 ICRA revises ratings assigned to the bank lines of Natural Sugar and Allied Industries
Limited
July 8, 2010 ICRA reaffirms highest credit quality ratings to Shinsei Mutual Funds debt schemes
July 8, 2010 ICRA reaffirms LBB+/A4+ ratings for the bank facilities of Jeewan Motors Private
July 8, 2010 ICRA assigns LBB- rating to the bank lines of Waterline Hotels Private Limited
July 8, 2010 ICRA reaffirms the rating assigned to Indu Navayuga Infra Projects Private Limited’s
bank lines; assigns positive outlook
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July 8, 2010 ICRA assigns LBB- and A4 ratings to the bank line of Vedant Dyestuffs Intermediates
July 8, 2010 ICRA reaffirms highest credit quality rating to debt schemes of Tata Mutual Fund
July 8, 2010 ICRA reaffirms ratings of schemes of LIC Mutual Fund
July 8, 2010 ICRA reaffirms highest credit quality rating to schemes of Canara Robeco Mutual Fund
July 8, 2010 ICRA reaffirms highest credit quality rating to debt schemes of Baroda Pioneer Mutual
fund
July 8, 2010 ICRA reaffirms ratings of schemes of HDFC Mutual fund
July 8, 2010 ICRA reaffirms highest credit quality rating to debt schemes of Birla Sunlife Mutual fund
July 8, 2010 ICRA withdraws ratings assigned to the First Loss Piece – Rated Portion provided under
ICICI Bank Ltd. Car and Used Car Loan Pool D.A. Dec-06.
July 7, 2010 ICRA reaffirms the LA+/A1+ ratings for bank facilities of TVS Logistics Services
Limited; stable outlook assigned
July 7, 2010 ICRA retains IrA+ rating assigned to Municipal Corporation, Chandigarh
July 7, 2010 ICRA retains IrBBB+ rating assigned to the Madurai Municipal Corporation
July 7, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Arraycom India Limited
July 7, 2010 ICRA reaffirms the ratings assigned to the bank facilities of Secon Private Limited, rated
amount enhanced
July 7, 2010 ICRA reaffirms LBB+/A4+ ratings to the bank facilities of Shrigopal Rameshkumar
Sales Private Limited; assigns stable outlook
July 7, 2010 ICRA reaffirms LBB+/A4+ ratings to the bank facilities of Shrigopal Rameshkumar;
July 7, 2010 ICRA assigns A4/LBB rating for the bank lines of Ajeet & Company
July 7, 2010 ICRA assigns LBB+ rating to the bank lines of UKN Esperanza
July 7, 2010 ICRA assigns LBB and A4 ratings to the bank limits of Himangi Foods Private Limited;
stable outlook assigned
July 7, 2010 ICRA re-affirms A3 rating assigned to the enhanced short term credit facilities of Gokul
Overseas, Withdraws LBBB- Rating assigned to the long term loans
July 7, 2010 ICRA assigns LBBB-/A3 ratings to the bank facilities of SAN International; assigns
stable outlook
July 7, 2010 ICRA reaffirms highest credit quality ratings to DSP BlackRock Mutual Funds debt
schemes
July 7, 2010 ICRA assigns LBB+ (stable) rating to the bank lines of L.R. Sharma & Co.
July 7, 2010 ICRA assigns LBB+ (stable)/ A4+ ratings to bank facilities of RTStar Solitaires
July 7, 2010 ICRA assigns LBB (stable) / A4 ratings to bank facilities of RTStar Diamonds
July 7, 2010 ICRA assigns highest credit quality ratings to DWS Treasury Fund Cash Plan
July 7, 2010 ICRA assigns LBB (Stable) rating to fund based bank limits of Gargya Autocity Private
Limited
July 7, 2010 ICRA assigns highest credit quality rating to the Cash Credit Limits of Power Finance
Corporation Limited
July 7, 2010 ICRA re-affirms LBBB- rating to the term loan facilities of Belgaum Wind Farms Private
July 5, 2010 ICRA reaffirms the LBB+ rating for bank facilities of ABW Infrastructure Limited, rated
amount enhanced
July 5, 2010 ICRA revises the rating for bank facilities of Cauvery Medical Center Limited
July 5, 2010 ICRA assigns LAA rating with stable outlook and A1+ ratings to the enhanced bank lines
of IDBI Home Finance Limited
July 5, 2010 ICRA assigns LBBB- (stable) ratings to bank lines of M/s. Interjewel
July 5, 2010 ICRA upgrades short-term rating of Natco Pharma Limited to A1+; reaffirms long-term
rating at LA+ with stable outlook
July 5, 2010 ICRA reaffirms LA+ and A1 ratings to the bank facilities of Sanghvi Movers Limited;
assigns stable outlook, rated amount enhanced
July 5, 2010 ICRA retains ratings of 11 Commercial Vehicle loan-backed transactions originated by
Sundaram Finance Limited
July 5, 2010 ICRA reaffirms the LAA- / A1+ ratings for the bank facilities of Tata Elxsi Limited
July 5, 2010 ICRA upgrades rating assigned earlier to Unitech Limited; enhances the rated amount
July 5, 2010 ICRA withdraws the rating assigned to the FD programme of Gujarat State Fertilisers
and Chemicals Limited
July 2, 2010 ICRA assigns Stable outlook to long term rating of Dr. Reddy’s Laboratories Limited
July 2, 2010 ICRA reaffirms highest credit quality rating to debt schemes of Mirae Asset Mutual Fund
July 2, 2010 ICRA assigns conditional LAAA (SO) ratings to the Purchaser Payouts backed by
mortgage loan pool of Rs. 1,659.9 million originated by Cholamandalam Investment &
Finance Company Limited
July 2, 2010 ICRA reaffirms ratings of two mortgage loan-backed transactions originated by
Cholamandalam Investment & Finance Company Limited
July 2, 2010 ICRA reaffirms the LBBB- (Stable) and A3 ratings to bank facilities of Sanghvi Foods
Private Limited
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Private Limited
July 2, 2010 ICRA reaffirms the LBBB- (Stable) and A3 ratings to bank facilities of Grain Milling
Company Private Limited
July 2, 2010 ICRA assigns the LBBB- and A3 ratings to the bank facilities of Gayatrishakti Paper and
Boards Limited; assigns stable outlook
July 2, 2010 ICRA assigns LBB- to bank facilities of Anupam Traders; assigns stable outlook
July 2, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Bankey Lal Jagdish Prasad;
July 2, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Geetika Steel Traders; assigns
stable outlook
July 2, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Sushila Steels; assigns stable
outlook
July 2, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Rajat Steels; assigns stable
outlook
July 2, 2010 ICRA suspends the ratings assigned to the bank facilities of Shri Bajrang Power & Ispat
Limited
July 2, 2010 ICRA assigns LBB+ rating to the bank facilities of Fucon Technologies Limited
July 2, 2010 ICRA reaffirms the A4 rating for the bank facilities of Crystal Granite and Marble Private
Limited
July 2, 2010 ICRA assigns LA rating to bank facilities of PMT Machines Limited; assigns stable
outlook
July 2, 2010 ICRA assigns LBB+ rating to term loan and bank facilities of Seatrans Freight Carriers
July 2, 2010 ICRA assigns LA and A1 ratings to bank facilities of Patton International Limited
July 1, 2010 ICRA reaffirms LBB / A4 ratings to the bank facilities of YSR Spinning & Weaving Mills
July 1, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Concept Images Private
Limited
July 1, 2010 ICRA assigns LBBB rating to the term loan facilities of Polestar Maritime Limited
July 1, 2010 ICRA reaffirms the ratings assigned to bank lines of Honda Siel Cars India Limited;
July 1, 2010 ICRA assigns LBB rating to the bank facilities of Altius Management Advisors Private
Limited
July 1, 2010 ICRA assigns mfAAA(SO) to PNB Suraksha Fund
July 1, 2010 ICRA assigns LAA+ to the Subordinated Bonds and LAA to the Upper Tier II Bonds
Programme of IDBI Bank
July 1, 2010 ICRA reaffirms highest credit quality rating to schemes of UTI Mutual fund
July 1, 2010 ICRA assigns LBB+ rating to the bank facilities of Sobha Developers Limited
June 30, 2010 ICRA assigns LBB (Stable) rating to bank facilities of Ritemed Pharma Retail Private
Limited
June 30, 2010 ICRA reaffirms the LAA-/A1+ rating for bank facilities of Ashok Leyland Limited;
changes outlook to stable
June 30, 2010 ICRA assigns A4 rating to bank lines of C. Mahendra Infojewels
June 30, 2010 ICRA reaffirms LBB+ and A4+ ratings to bank facilities of Pandit Automotive Private
June 30, 2010 ICRA assigns LBB- and A4 ratings to the bank facilities of Sumeru Agro Harvest
Exports Private Limited
June 30, 2010 ICRA assigns rating of MAA+ with Stable outlook to the Fixed Deposit programme of
Shriram Transport Finance Company Limited
June 30, 2010 ICRA assigns LBB and A4 rating to the bank facilities of M+Acer Automotive Systems
Private Limited
June 30, 2010 ICRA assigns LBB+ and A4+ rating to the bank facilities of Macurex Sensors Private
Limited
June 30, 2010 ICRA reaffirms LBBB/A3+ ratings for the enhanced bank facilities of Ind-Swift Limited
June 30, 2010 ICRA assigns LBB+ and A4+ ratings to the bank facilities of Bharath Auto Cars Private
Limited
June 30, 2010 ICRA assigns rating of A1+ to the enhanced Rs. 1.5 billion Commercial Paper
Programme of Tata Capital Housing Finance Limited
June 30, 2010 ICRA assigns LBB+ and A4+ ratings to the bank lines of S.B. & T. International Limited;
June 30, 2010 ICRA assigns LB rating to fund-based facilities of City Heart Hotels Private Limited
June 30, 2010 ICRA upgrades the short term rating of Swaraj Mazda Limited; reaffirms the long term
rating and assigns stable outlook
June 30, 2010 ICRA assigns LBB- (Stable) and A4 ratings to bank facilities of Modern Chemicals
June 30, 2010 ICRA assigns LBB (Stable) rating to bank facilities of Paswara Chemicals Limited
June 30, 2010 ICRA assigns LBB (Stable) rating to bank facilities of Paswara Impex Limited
June 30, 2010 ICRA assigns LBB (Stable) rating to bank facilities of Paswara Papers Limited
June 30, 2010 ICRA withdraws LAAA rating assigned to the Long Term Bonds of Bharat Sanchar
Nigam Limited (BSNL)
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Nigam Limited (BSNL)

June 30, 2010 ICRA withdraws LBB rating assigned to the Long Term Debt Programme of Sobha
Developers Limited
June 29, 2010 ICRA assigns LBB rating to the bank facilities of Bharath Builders
June 29, 2010 ICRA assigns LAA+/Stable rating to the Non Convertible Debenture and Subordinate
Debt programme of Gruh Finance Limited
June 29, 2010 ICRA assigns LB rating to bank facilities of Triway Container Freight Station Private
Limited
June 29, 2010 ICRA reaffirms mfA1+ratings to the debt schemes of SBI Funds Management Private
Limited
June 29, 2010 ICRA assigns A4+/LBB+ rating to the bank lines of Diam Star Jewellery (India) Private
Limited
June 29, 2010 ICRA assigns LA+ rating to NCDs and A1+ rating to CP of PTC India Financial
Services Limited; revises outlook on Long Term ratings from ‘Stable’ to ‘Positive’
June 29, 2010 ICRA assigns LBB-/A4 ratings to bank facilities of Viorica Properties Private Limited
June 29, 2010 ICRA assigns A3 rating to the bank facilities of Topland Exports
June 29, 2010 ICRA assigns LBBB and A3+ rating to the bank facilities of Topland Engines Private
Limited
June 29, 2010 ICRA reaffirms the LAA & A1+ ratings of Blue Dart Express Limited
June 29, 2010 ICRA reaffirms LAA(SO) and A1+(SO) ratings of Blue Dart Aviation Limited
June 29, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Omicron Power Engineers
June 29, 2010 ICRA Withdraws Rating Assigned to the Long Term Bank Facilities of Preeti Logistics
Limited
June 29, 2010 ICRA has withdrawn the rating assigned to the Term Loan facility of Unimark Remedies
Limited
June 29, 2010 ICRA places short term ratings of Reliance Infratel Limited on rating watch with
June 28, 2010 ICRA upgrades the long term rating of Indian Oil Corporation Limited to LAAA
June 28, 2010 ICRA reaffirms the LBBB+ and A2 ratings for bank facilities of Unimark Remedies
Limited
June 28, 2010 ICRA assigns LBBB- and A3 ratings to bank lines of Manyata Promoters Private
June 28, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Premier Conveyors Private
Limited
June 28, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Deekay Impex; assigns stable
outlook
June 28, 2010 ICRA assigns LB+ rating to the bank facilities of TCS & Associates Private Limited
June 28, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Deekay Pine Board Private
June 28, 2010 ICRA revises the ratings for NCD and CP programme of Schwing Stetter India Private
June 28, 2010 ICRA assigns LB rating to bank facilities of Sri MVR Cotton Oil Mills Private Limited
June 28, 2010 ICRA upgrades the ratings assigned to Bliss GVS Pharma Limited’s bank lines
June 25, 2010 ICRA assigns LAA+ (positive outlook) rating to Indian Bank’s Lower Tier II Bonds
programme
June 25, 2010 ICRA assigns LBB (Stable) rating to bank facilities of Vandana Vidhyut Limited
June 25, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Jailaxmi Casting & Alloys
Private Limited
June 25, 2010 ICRA reaffirms LAA- / A1+ ratings to the bank facilities of Fisher Sanmar Limited;
June 25, 2010 ICRA assigns LBB+/ A4+ ratings to the bank facilities of Magick Woods Exports Private
Limited
June 25, 2010 ICRA assigns LB+ rating to bank facilities of Dhanji Developers
June 25, 2010 ICRA assigns the LBB and A4 ratings to the bank facilities of AMA Industries Private
June 25, 2010 ICRA assigns LBB- and A4 ratings to the bank facilities of Para Products Private
June 25, 2010 ICRA assigns LBBB-/A3 rating to the bank facilities of APR Sacks Limited
June 25, 2010 ICRA withdraws rating assigned to the short-term debt programme (including
commercial paper) of Raptakos, Brett & Co. Limited
June 25, 2010 ICRA withdraws ratings assigned to the PTCs issued by DISA Trust II 2009
June 25, 2010 ICRA withdraws rating assigned to PTCs Series A3 issued by Indian Infrastructure
Equipment Receivables Trust Feb-08 originated by SREI Equipment Finance Private
Limited
June 25, 2010 ICRA withdraws “A1” rating assigned to the Commerical Paper Programme of Indian
Container Leasing Company Limited
June 25, 2010 ICRA suspends the ratings for bank facilities of K.R. Pulp and Papers Limited
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June 25, 2010 ICRA suspends the rating for bank facilities of Maharishi Solar Technology Private
Limited
June 25, 2010 ICRA assigns A1 rating to the enhanced CP programme of R P Infosystems Pvt Ltd;
reaffirms ratings of bank facilities
June 25, 2010 ICRA withdraws ratings assigned to the PTCs issued by CLSS 2 Trust 2010
June 25, 2010 ICRA assigns LBBB+ and A2+ ratings to bank lines of Ajax Flori Engineering (India)
June 24, 2010 ICRA assigns LBB and A4 ratings to bank lines of Punjab Basmati Rice Limited; assigns
stable outlook
June 24, 2010 ICRA reaffirms the LA+(SO) rating for the bond programme of Karnataka State
Industrial Investment and Development Corporation
June 24, 2010 ICRA assigns A1+ ratings to the Short Term Debt programme of Tata Communications
Limited
June 24, 2010 ICRA assigns negative outlook to long term ratings of Bharti Airtel Limited; reaffirms
short term ratings
June 24, 2010 ICRA assigns an LAA rating to the Non-Convertible Debentures Programme of
Indiabulls Financial Services Limited
June 24, 2010 ICRA assigns LBB (stable) rating to the bank credit lines of Premier Milk Foods Private
Limited
June 24, 2010 ICRA assigns LBB rating for bank facilities of Synfab Sales Industries Limited; assigns
stable outlook
June 24, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Raj Ratan Smelters Limited
June 24, 2010 ICRA assigns a rating of LB to the bank lines of Sanghvi Innovative Academy
June 24, 2010 ICRA assigns LBB+ (stable) rating to the bank lines of Satya Prakash Builders Limited
June 24, 2010 ICRA assigns LAAA rating to National Bank for Agricultural and Rural Development’s
(NABARD) long term bonds programme
June 24, 2010 ICRA assigns highest credit quality ratings to Baroda Pioneer Short term Bond Fund
June 24, 2010 ICRA assigns LB- and A5 rating to bank limits of SMV Agencies Private Limited
June 24, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Autocomp Corporation Panse
Private Limited
June 23, 2010 Sugar outlook weak; ability to negotiate cane prices downwards will be key to
profitability for sugar mills in SY 2010 -11
June 23, 2010 ICRA assigns LAA- rating to the bank facilities of Shapoorji Pallonji Energy (Gujarat)
Private Limited
June 23, 2010 ICRA assigns LBB(Stable) rating to bank limits of Swadeshi Aahar Private Limited
June 23, 2010 ICRA assigns LBB- (Stable) / A4 ratings to the bank facilities of M/s. Mahavir Ship
Breakers
June 23, 2010 ICRA reaffirms LBB+/A4+ ratings to the bank facilities of Prince Gem and Jewelry
Private Limited
June 23, 2010 ICRA assigns A1+ rating to the enhanced CP/STD programme of Manappuram General
Finance and Leasing Limited
June 23, 2010 ICRA assigns LBBB+ and A2+ ratings to bank facilities of Machino Polymers Limited
June 23, 2010 ICRA has withdrawn the rating assigned to the Term Loan facility of Sagar Grandhi
Exports Private Limited
June 23, 2010 ICRA withdraws Long Term Ratings on Standard Chartered Bank
June 22, 2010 ICRA reaffirms the ratings for bank facilities of Ind-Swift Limited
June 22, 2010 ICRA revises the ratings assigned to bank lines of Shahi Exports Private Limited
June 22, 2010 ICRA assigns LBB- / A4 ratings to the bank facilities of Asvini Fisheries Private Limited;
June 22, 2010 ICRA revises rating assigned to the bank line of Lokmangal Agro Industries Limited
June 22, 2010 ICRA assigns LBB+ rating to the bank facilities of Bhavna Property Developers Limited
June 22, 2010 ICRA reaffirms LAA+(SO) ratings assigned to the PTCs backed by loan receivables
from Fullerton India Credit Company Limited
June 22, 2010 ICRA upgrades the rating assigned to bank facilities of Rasi Seeds Private Limited
June 22, 2010 ICRA upgrades the long-term rating assigned to the bank facilities of Rasi Tex India
Private Limited; re-affirms short-term rating of A1+ (SO)
June 22, 2010 ICRA assigns LA+ and reaffirms A1+ ratings for bank facilities of Merck Specialities
Private Limited
June 22, 2010 ICRA re-affirms the LBBB- and A3 ratings for bank facilities of Soundarya Decorators
Private Limited
June 22, 2010 ICRA withdraws the LBBB+(SO) rating assigned to Rs. 3 billion NCD programme of
Krishnapatnam Port Company Limited
June 22, 2010 ICRA revises the rating for bond programmes of Tamil Nadu Electricity Board
June 22, 2010 ICRA reaffirms the LAA rating for bank facilities of Merck Limited
June 21, 2010 ICRA revises the ratings assigned to the bank facilities of Live 100 Hospital Private
Limited
June 21, 2010 ICRA revises ratings assigned to bank lines of Vijay Textiles Limited
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June 21, 2010 ICRA revises the rating to the bank limits of Teesta Urja Limited
June 21, 2010 ICRA reaffirms A4 ratings for bank facilities of Kadalkanny Frozen Foods; withdraws
the long term rating for term loan facility of Kadalkanny Frozen Foods
June 21, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Osnar Chemical Private
June 21, 2010 ICRA revises the ratings assigned to the bank facilities of Live 100 Hospital Private
Limited
June 21, 2010 ICRA assigns LBBB- rating to enhanced bank facilities of R.P. Vyapaar Private Limited
June 21, 2010 ICRA withdraws the rating assigned to the bank lines of Hassan Mangalore Rail
Development Company Limited
June 21, 2010 ICRA reaffirms the ratings for bank facilities of Edhayam Frozen Foods Private Limited
June 21, 2010 ICRA reaffirms the ratings for bank facilities of Theva & Co
June 21, 2010 ICRA reaffirms the ratings for bank facilities of Diamond Sea Foods Exports
June 21, 2010 ICRA reaffirms the LBB+ and A4+ ratings for bank facilities of Mohan Spintex India
June 21, 2010 ICRA assigns LB- rating to the bank limits of Jaipuria Infrastructure Developers Private
Limited
June 21, 2010 ICRA downgrades the rating assigned to the bank facilities of Asaco Private Limited
June 18, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Krishna Tissues Private
Limited
June 18, 2010 ICRA assigns LBB and A4 ratings to bank facilities of MJK Mercantiles Private Limited
June 18, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Krishna Sales Corporation
June 18, 2010 ICRA reaffirms A4 rating to the bank facilities of Gupta Hair Products Private Limited
June 18, 2010 ICRA assigns a rating of LB to the bank lines of Sanghvi International Education
Society
June 18, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Swastik Cement Products Private
June 18, 2010 ICRA assigns LBB rating to bank facilities of Tara Finvest Private Limited
June 18, 2010 ICRA reaffirms the LBB+ and A4+ ratings for bank facilities of Vicksons Steels Private
Limited
June 18, 2010 ICRA reaffirms the LBBB and A3+ ratings for bank facilities of Kamdhenu Ispat Limited;
June 18, 2010 ICRA assigns LBBB rating to the bank lines of Bina Power Supply Company Limited;
June 18, 2010 ICRA assigns LBB rating to the bank lines of Core Jewellery Pvt Ltd
June 18, 2010 ICRA suspends the rating for bank facilities of Gujarat Chemical Port Terminal
Company Limited
June 18, 2010 ICRA assigns LBB (stable) rating to the bank lines G.R. Gupta & Bros.
June 18, 2010 ICRA revises the ratings for bank facilities of Sri Manakula Vinayaga Educational Trust
June 18, 2010 ICRA assigns A4+ rating to the bank facilities of JKC General Trading Co.
June 18, 2010 ICRA assigns LBBB+ and A2 ratings to the enhanced bank facilities of Dynamatic
Technologies Limited
June 18, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Core Fab Projects Private Limited
June 18, 2010 ICRA revises the long-term rating for bank facilities of Kale Consultants Limited;
reaffirms short-term rating
June 18, 2010 ICRA assigns LAA- rating to GNFC’s enhanced Term loans programme
June 18, 2010 ICRA assigns mfA1+ debt rating to Canara Robeco Indigo Fund
June 18, 2010 ICRA assigns LBBB- and A3 rating to the bank facilities of Paramshakti Steels Limited
June 18, 2010 ICRA reaffirms LBBB-/A3 ratings for the bank facilities of Rohan Motors Limited;
June 18, 2010 ICRA reaffirms the ratings assigned to the bank facilities of Hikal Limited
June 18, 2010 ICRA reaffirms LBBB/A3+ ratings for the bank facilities of Atlas Cycles (Haryana)
June 18, 2010 ICRA reaffirms the LA-(SO) rating assigned to bank lines of VS Net Limited; assigns
stable outlook
June 18, 2010 ICRA assigns LBB (Stable) rating to bank facilities of Haranai Sahakari Soot Girni
June 18, 2010 ICRA assigns A1+ (SO) rating to ENAM Finance Private Limited’s enhanced Short
Term Debt Programme
June 18, 2010 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of Suyog Electricals
Limited; Rating amount enhanced
June 18, 2010 ICRA withdraws rating assigned to the Purchaser Payouts under ABS programme of
Cholamandalam DBS Finance Limited
June 18, 2010 ICRA withdraws rating assigned to the Purchaser Payouts under ABS programme of
June 18, 2010 ICRA withdraws ratings assigned to Senior PTC Series A12 issued by ILSS 6 Trust
2010 originated by Reliance Capital Limited.
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2010 originated by Reliance Capital Limited.

June 18, 2010 ICRA withdraws ratings assigned to the PTCs under Loan Securitisation programmes of
YES Bank Limited
June 18, 2010 ICRA suspends the rating for bank facilities of Future Communications Limited
June 17, 2010 ICRA Report: Performance Review of Housing Finance Companies and Indian
Mortgage Finance Market for 2009-10 and Industry Outlook
June 17, 2010 ICRA places ratings assigned to the PTCs backed by loan receivables from North Delhi
Power Limited under rating watch with negative implications
June 17, 2010 ICRA upgrades long term ratings on various bonds programme of IndusInd Bank
Limited
June 17, 2010 ICRA upgrades ratings of various debt programmes of Yes Bank Limited
June 16, 2010 ICRA re-affirms A1+ rating to the bank lines and STD programme of Standard
Chartered – STCI Capital Markets Limited
June 16, 2010 ICRA assigns LBB+ and A4+ rating for bank facilities of Bhumi Yarn Private Limited;
June 16, 2010 ICRA assigns LBB+ and A4+ ratings to the bank facilities of Prince Industries; assigns
stable outlook
June 16, 2010 ICRA assigns LBBB- and A3 ratings to the bank facilities of Prince SWR Systems
June 16, 2010 ICRA revises the rating assigned to the bank facilities of Shipra Hotel Limited
June 16, 2010 ICRA assigns LB rating to bank facilities of Kalinga Institute of Industrial Technology
June 16, 2010 ICRA assigns LBB+ (stable) and A4+ rating to the bank facilities of Mangalam Ventures
Limited
June 16, 2010 ICRA assigns A4 rating to bank facilities of Soubhik Exports Limited
June 16, 2010 ICRA downgrades the rating assigned to the bank facilities of Harvins Constructions
Private Limited
June 16, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Hans Industries Private
June 16, 2010 ICRA assigns LBB- and A4 ratings to the bank facilities of Guru Ashish Shipbreakers;
June 16, 2010 ICRA assigns LBB- and A4 ratings to the bank facilities of G. N. Shipbreakers; assigns
stable outlook
June 16, 2010 ICRA assigns LBB- and A4 ratings to the bank facilities of United Coke Private Limited;
June 16, 2010 ICRA places LAA and A1+ ratings assigned to the bank facilities of North Delhi Power
Limited (NDPL) under rating watch with negative implications
June 15, 2010 ICRA assigns LBB (stable) and A4 ratings to bank facilities of Innoventive Industries
Limited
June 15, 2010 ICRA assigns LBBB- rating to fund-based facilities of Aria Hotels and Consultancy
Services Private Limited; assigns stable outlook
June 15, 2010 ICRA re-affirms the LB+ rating assigned to the bank facilities of Sheth Developers
Private Limited
June 15, 2010 ICRA reaffirms the LA+ (Negative) and A1+ ratings for bank facilities of Triveni
Engineering and Industries Limited
June 15, 2010 ICRA reaffirms the LBB+ and A4+ ratings for bank facilities of Sportking India Limited
June 15, 2010 ICRA retains IrBB rating assigned to Municipal Corporation, Shimla
June 15, 2010 ICRA revises the Issuer Rating assigned to Municipal Corporation, Faridabad
June 15, 2010 ICRA retains IrBB+ rating assigned to Municipal Corporation, Amritsar
June 15, 2010 ICRA retains IrBBB- rating assigned to Municipal Corporation, Ludhiana
June 15, 2010 ICRA assigns LBB- (Stable) and A4 ratings to bank facilities of Deepa Panels private
Limited
June 15, 2010 ICRA assigns LBB (Stable) / A4 ratings for bank facilities of Sri Parameswari Spinning
Mills Private Limited
June 15, 2010 ICRA assigns LBB (Stable) / A4 ratings for bank facilities of Jayavelu Spinning Mills
Private Limited
June 15, 2010 ICRA assigns LB+ rating to the bank lines of Singh Industries Private Limited
June 15, 2010 Government of Andhra Pradesh
June 14, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Unibios Laboratories Limited
June 14, 2010 ICRA upgrades the ratings assigned to Hikal Limited bank lines
June 14, 2010 ICRA assigns LBB+ and A4+ rating to the bank facilities of Khetan Sponge &
Infrastructure Private Limited
June 14, 2010 ICRA reaffirms the LB- and A4 ratings for bank facilities of Samtel Glass Limited
June 14, 2010 ICRA revises the rating for bank facilities of Selvakumar Spinners Private Limited
June 14, 2010 ICRA re-affirms highest credit quality ratings to debt schemes of Morgan Stanley Mutual
Fund
June 14, 2010 ICRA reaffirms LAA and A1+ rating of Voith Hydro Private Limited (erstwhile Voith
Siemens Hydro Private Limited)
June 14, 2010 ICRA re-affirms the LBB and A4 ratings for the bank facilities of IJT Plastics & Tools
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June 14, 2010 ICRA re-affirms the LBB and A4 ratings for the bank facilities of IJT Plastics & Tools
Private Limited
June 14, 2010 ICRA revises the ratings for bank facilities of Modest Infrastructure Limited (MIL);
June 14, 2010 ICRA assigns A4/LBB- rating to the bank lines of Mayuresh Protenz Private Limited
June 14, 2010 ICRA assigns LBBB- and A3 rating for bank facilities of Kamadgiri Synthetics Limited;
June 14, 2010 ICRA revises the ratings for bank facilities of West Asia Maritime Limited
June 14, 2010 Andhra Pradesh Water Resources Development Corporation
June 10, 2010 ICRA assigns LBB-(Stable)/A4 rating to bank limits of Chadha Sugars & Industries
Limited
June 10, 2010 ICRA assigns LBB+ (stable) rating to the bank facilities of GK Industrial Park Private
Limited
June 9, 2010 ICRA reaffirms ratings for 3 PTC tranches, downgrades the rating for 1 PTC tranche
and upgrades the ratings for 2 second loss facilities (or rated portion of first loss
facility) for asset pools backed by Personal Loan and Small Ticket Personal Loan
receivables originated by ICICI Bank Ltd. (IBL)
June 9, 2010 ICRA Release an Update on the Performance of MBS Pools
June 9, 2010 ICRA assigns highest-credit-quality rating to the Rs. 50 billion (enhanced from Rs. 40
billion), short-term debt programme of Religare Finvest Limited
June 9, 2010 ICRA reaffirms ratings assigned to schemes of Kotak Mahindra Mutual fund
June 9, 2010 ICRA assigns LBBB-/stable rating to the bank facilities of Ashok Auto Sales Limited
June 9, 2010 ICRA re-affirms mfAA rating to ICICI Prudential Fixed Maturity Plan – Series 49 –
Three Years Plan A
June 9, 2010 ICRA reaffirms the highest credit quality ratings to debt schemes of IDFC Mutual Fund
June 9, 2010 ICRA assigns LBBB+ / A2+ to the bank facilities of Ferromatik Milacron India Limited;
June 9, 2010 ICRA upgrades the ratings assigned to Arkay Energy (Rameswaram) Limited’s bank
lines
June 9, 2010 ICRA assigns LBB (stable) and A4 ratings to bank facilities of KBJ Jewellery Private
Limited
June 9, 2010 ICRA assigns conditional ratings to the Pass Through Certificates under loan
securitisation programme of Axis Bank - Corporate Debt Trust 2010-11 Series 1
June 9, 2010 ICRA assigns conditional ratings to the Pass Through Certificates under loan
securitisation programme of Axis Bank - Corporate Debt Trust 2010-11 Series 2
June 9, 2010 ICRA assigns LC+ rating to fund based bank limits of Aditi Rice Mills Private Limited
June 9, 2010 ICRA reaffirms the LBBB+/A2+ ratings for the bank facilities of ITD Cementation India
Limited, assigns negative outlook
June 9, 2010 ICRA assigns A4 ratings to the bank facilities of M/s. D. Bimala Enterprises
June 9, 2010 ICRA revises the long term rating of Hindustan Copper Ltd to LAA; reaffirms short term
rating
June 9, 2010 ICRA reaffirms LBB- / A4 ratings to the bank facilities of BLR Knits Private Limited;
June 9, 2010 ICRA revises the ratings for bank facilities of Alamelu Balaji Spinning Mills Private
Limited
June 9, 2010 ICRA reaffirms the ratings assigned to Balrampur Chini Mills Limited; revises outlook
from stable to negative
June 9, 2010 On request of Srei Infrastructure Finance Limited (SREI), ICRA withdraws the rating
assigned to the fixed deposit programme of SREI
June 8, 2010 ICRA reaffirms the highest credit quality ratings to debt schemes of Axis Mutual Fund
June 8, 2010 ICRA assigns A4+ rating to the bank facilities of Ray Engineering Private Limited
June 8, 2010 ICRA assigns LBB+(Stable) and A4+ ratings to bank facilities of Dimple Creations
Private Limited
June 8, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Diamond Footcare Udyog
Private Limited
June 8, 2010 ICRA assigns LBB (Stable) / A4 ratings to the bank facilities of Dosch Pharmaceuticals
Private Limited
June 8, 2010 ICRA assigns A4/LBB rating to the bank lines of Bhavarlal Mangilal Jain & Co.
June 8, 2010 ICRA re-affirms the LBBB- and A3 ratings for the bank facilities of Agile Electric Sub
Assembly Private Limited
June 8, 2010 ICRA revises the ratings for bank facilities of Meridian Chem-bond Limited
June 8, 2010 ICRA revises the ratings for bank facilities of Arcoy Bio-refinery Private Limited
June 8, 2010 ICRA upgrades the ratings assigned to Mahindra Sona Limited’s bank lines
June 8, 2010 ICRA assigns LB and A5 ratings to bank facilities of Rana Papers Limited
June 7, 2010 ICRA assign LAA-(SO) and LAA-pp (SO) ratings to India Infoline Investment Services
Limited’s fresh long term debt programme
June 7, 2010 ICRA revises the rating for bank facilities of Patikari Power Private Limited
June 7, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Balar Synthetics Private
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June 7, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Balar Synthetics Private
Limited
June 7, 2010 ICRA revises the rating for bank facilities of Bhavya Constructions Private Limited
June 7, 2010 ICRA upgrades the rating assigned to Unique Technobuild Private Limited bank lines;
June 7, 2010 ICRA revises the ratings for bank facilities of Select Infrastructure Private Limited
June 7, 2010 ICRA revises the rating for bank facilities of Dhanraj Dhadda Exports
June 4, 2010 ICRA assigns LBB-/A4 ratings to the bank facilities of Phulchand Exports Private
Limited (Erstwhile Phulchand Exports Limited)
June 4, 2010 ICRA revises the ratings for bank facilities of Kamineni Hospitals Private Limited
June 4, 2010 ICRA revises the ratings for bank facilities of Dynamatic Technologies Limited
June 4, 2010 ICRA assigns LBB rating to the bank facilities of TVS Interconnect Systems Limited
June 4, 2010 ICRA assigns LBB/A4 ratings to the bank facilities of Belco Pharma
June 4, 2010 ICRA assigns LB- rating to the long term bank facilities of Ultra Tech Suspensions
Private Limited
June 4, 2010 ICRA revises the ratings for bank facilities of Fertichem Cotspin Limited
June 4, 2010 ICRA reaffirms LBBB-/A3 rating to bank facilities of Duplex Wires Private Limited
June 4, 2010 ICRA assigns LBB+ (stable) & A4+ ratings to Gujarat Microwax Private Limited
June 4, 2010 ICRA retains LAAA (SO) ratings of Fully Guaranteed, Low Coupon, Premium
Redemption Debentures issued by Tata Motors Limited
June 3, 2010 ICRA assigns LAAA rating to Tata Sons Limited
June 3, 2010 ICRA assigns LBB rating to bank facilities of Aroma Biotech Private Limited
June 3, 2010 ICRA reaffirms LA and A1 ratings to bank facilities and Commercial Paper programme
of Repro India Limited
June 3, 2010 ICRA revises the ratings for bank facilities of Gemini Communication Limited
June 3, 2010 ICRA reaffirms the highest-credit-quality rating assigned earlier to short-term debt
programme of SREI Equipment Finance Private Limited
June 3, 2010 ICRA revises the ratings for bank facilities of Hilton Metal Forging Limited
June 3, 2010 ICRA assigns LBBB+/A3+ ratings to bank facilities of Ajay Enterprises Private Limited
June 3, 2010 ICRA assigns LBBB+ rating to bank facilities of Nehru Place Hotels and Real Estate
Private Limited
June 3, 2010 ICRA assigns LBBB+ rating to bank facilities of R.C. Sood and Company Private
Limited
June 3, 2010 ICRA assigns LBB+ (Stable) and A4+ ratings to bank facilities of Associates
Nonwovens
June 3, 2010 ICRA assigns LAA- rating (rating under watch with developing implications) to the Rs.
9250 million non-convertible debentures programme of Cholamandalam DBS Finance
Limited
June 3, 2010 ICRA reaffirms the LBBB and A3+ ratings assigned to enhanced bank lines of
Emmsons International Limited; assigns stable outlook
June 3, 2010 ICRA assigns A3+ rating to the enhanced bank facilities of GMR Energy Limited
June 2, 2010 Amendments in UI and Grid Code norms to benefit generating and trading companies;
boost trading volumes; pave way for better grid discipline; and result in higher costs for
state utilities in high energy deficit states
June 2, 2010 ICRA reaffirms the LBB and A4 ratings for bank facilities of Chandi Steel Industries
Limited
June 2, 2010 ICRA revises the ratings for the bank facilities of Miraj Products Private Limited
June 2, 2010 ICRA assigns LBB+/Stable and A4+ ratings to bank facilities of The Liberty Marine
Syndicate Private Limited
June 2, 2010 ICRA reaffirms LBBB- rating to the enhanced amount of bank limits and term loans of
Rallison Electricals Private Limited; assigns stable outlook
June 2, 2010 ICRA assigns LA- rating to the bank limits of Green Infra Wind Energy Private Limited
(GIWEPL)
June 2, 2010 ICRA assigns LBBB- and A3 ratings to the bank lines of Axis Ad-Print-Media (India)
Limited
June 2, 2010 ICRA assigns LBBB-(SO) and LBB+/A4+ ratings to the bank facilities of Cheslind
Textiles Limited
June 2, 2010 ICRA revises the rating assigned to the bank lines of Luni Power Company Private
Limited
June 2, 2010 ICRA revises the rating assigned to the bank lines of Iqu Power Company Private
Limited
June 2, 2010 ICRA revises the rating assigned to the bank lines of Neogal Power Company Private
Limited
June 2, 2010 ICRA suspends the rating assigned to the bank lines and term loans of Ganpati Sugar
Industries Limited (GSIL)
June 1, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Prakash Steel Corporation
June 1, 2010 ICRA revises the short term rating for bank facilities of WS Industries (India) Limited
June 1, 2010 ICRA assigns LAA-/A1+ ratings to bank line facilities of Apeejay Shipping Limited
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June 1, 2010 ICRA assigns LAA-/A1+ ratings to bank line facilities of Apeejay Shipping Limited
June 1, 2010 ICRA revises the ratings for bank facilities of Roman Tarmat Limited (RTL)
June 1, 2010 ICRA downgrades the ratings assigned to the bank facilities of Sholingur Textiles
Limited
June 1, 2010 ICRA assigns an LAA rating to the Upper Tier II Bonds Programme of Central Bank of
India
June 1, 2010 ICRA revises the rating outstanding against the bank limits of Sri Balaji Educational and
Charitable Public Trust
June 1, 2010 ICRA withdraws the grading of Aquatech Institute of Maritime Studies and its courses
June 1, 2010 ICRA assigns LB+/A5 ratings to the bank limits of Kanodia Technoplast Limited
June 1, 2010 ICRA reaffirms the rating for PTCs and Purchaser Payouts backed by two pools
originated by Cholamandalam DBS Finance Limited (CDFL)
May 31, 2010 ICRA assigns LBB(Stable) rating to bank facilities of Aradhna Fabrics Private Limited
May 31, 2010 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of Daawat Foods Limited;
May 31, 2010 ICRA reaffirms LAA+ / A1+ ratings to the debt programmes of Fullerton India Credit
Company
May 31, 2010 ICRA revises ratings for the bank facilities of Indu Corporation Private Limited to
LBB+/A4+
May 31, 2010 ICRA revises the ratings for bank facilities of Itarsi Oils & Flours Limited
May 31, 2010 ICRA assigns A1+ rating to the CP / short term debt programme of Jayshree Tea &
Industries Limited; reaffirms the LA+ and A1+ ratings to the bank facilities
May 31, 2010 ICRA reaffirms ratings assigned to bank lines of Lovelock & Lewes and remove the
ratings from watch
May 31, 2010 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of LT Foods Limited;
May 31, 2010 ICRA reaffirms LBBB/ A2 ratings to the bank facilities of Medreich Limited
May 31, 2010 ICRA assigns LBB (Stable)/A4 ratings to the bank limits of Mridul Enterprises
May 31, 2010 ICRA assigns LBB- ratings to bank facilities of Mukta Industries Private Limited
May 31, 2010 ICRA reaffirms ratings assigned to bank lines of Price Waterhouse-Kolkatta and remove
the ratings from watch
May 31, 2010 ICRA reaffirms ratings assigned to bank lines of PricewaterhouseCoopers Private
Limited and remove the ratings from watch
May 31, 2010 ICRA reaffirms the LBB+ and A4+ ratings for bank facilities of Sun Nirman
Infrastructure Private Limited; assigns stable outlook
May 31, 2010 ICRA upgrades the long term rating for bank facilities of Udayan Greenfield Developers
May 31, 2010 ICRA withdraws ratings assigned to Senior PTC Series A2 backed by New CV loan
receivables originated by Reliance Capital Limited
May 31, 2010 ICRA withdraws ratings assigned to Senior PTC Series A4 backed by loans receivables
under the ABS programme originated by Tata Motors Limited
May 28, 2010 ICRA reaffirms the LBBB+ and A2 ratings for bank facilities of Vinergy International
Private Limited, rated amount enhanced
May 28, 2010 ICRA suspends the rating outstanding of MA- assigned to the Fixed Deposit Program
and LBBB assigned to the Cash Credit Bank Lines of S. E. Investments Limited
May 28, 2010 ICRA assigns LBB- ratings to Rs. 24.5 million term loan limit and Rs. 39.0 million fund
based bank limit of Chaitanya Chemicals; assigns stable outlook
May 28, 2010 ICRA assigns LA- rating to bank facilities of Dharamshila Cancer Foundation &
Research Center; assigns stable outlook
May 28, 2010 ICRA reaffirms the LBBB+ and A2+ ratings for bank facilities of L.H. Sugar Factories
Limited; revises outlook from stable to negative
May 28, 2010 ICRA assigns LBB+ rating to the bank facilities of Magna Infotech Private Limited
May 28, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Metal Engineering & Treatment
May 28, 2010 ICRA assigns A1+ rating to the enhanced Rs 100 billion (from Rs. 80 billion)
Certificates of Deposits programme of Punjab and Sind Bank
May 28, 2010 ICRA assigns LBB and A4 to bank facilities of Radha Construction Co.; assigns stable
outlook
May 28, 2010 ICRA assigns LBB- (stable) rating to R.S. Kalyaani Hotels Private Limited’s bank lines
May 28, 2010 ICRA assigns LBB rating to bank facilities of Samman Lal Sher Singh Papers Private
May 28, 2010 ICRA assigns LAAA ratings with a Stable Outlook to the fresh long-term debt
programme of Infrastructure Development Finance Company Limited
May 27, 2010 ICRA reaffirms LBB /A4 ratings to the bank facilities of The Gowthami Solvent Oils
Private Limited
May 27, 2010 ICRA assigns LBB+ rating to bank facilities of Aanjaneya Biotech Limited
May 27, 2010 ICRA revises the ratings for bank facilities of Shiva Texfabs Limited
May 27, 2010 ICRA places the ratings of Twilight Litaka Pharma Limited on Rating Watch with
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May 27, 2010 ICRA places the ratings of Twilight Litaka Pharma Limited on Rating Watch with
Negative Implications
May 27, 2010 ICRA revises the ratings for bank facilities of Yogindera Worsted Limited
May 27, 2010 ICRA assigns A3/LBBB- rating to the bank lines of A.S Moloobhoy & Sons
May 27, 2010 ICRA assigns A4 rating to the bank lines of B. Nehal
May 27, 2010 ICRA assigns LBB (stable) and A4 ratings to the bank facilities of Chhabi Electricals
Private Limited
May 27, 2010 ICRA assigns LBBB rating to the bank facilities of Indrox Global Private Limited; assigns
stable outlook
May 27, 2010 ICRA assigns A1+ rating on Kotak Securities Limited’s enhanced short term debt
programme
May 27, 2010 ICRA reaffirms LAA & A1+ ratings of Piramal Healthcare Limited
May 27, 2010 ICRA reaffirms the LBB+/A4+ ratings assigned to the bank lines of Sentini Bioproducts
Private Limited
May 27, 2010 ICRA revises the ratings for bank facilities of Tubeknit Fashions Limited
May 27, 2010 ICRA upgrades the ratings assigned to Valvoline Cummins Limited’s bank lines
May 27, 2010 ICRA assigns A4 rating to the bank credit lines of Avid Apparel Industries
May 27, 2010 ICRA withdraws the rating assigned to Hyderabad Metropolitan Development Authority
(erstwhile Hyderabad Urban Development Authority)
May 27, 2010 ICRA places A2 rating assigned to the bank facilities of Delphi Automotive Systems
Private Limited on notice of withdrawal
May 27, 2010 ICRA assigns A1 rating to CP programme and bank facilities of R P Infosystems Pvt
Ltd; revises the long term rating; rated amount enhanced
May 26, 2010 ICRA assigned LBB rating to Aarti Infra-Projects Private Limited’s bank lines
May 26, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Eastern Steels & Power Limited
May 26, 2010 ICRA upgrades the rating assigned to FD programme of Jagsonpal Pharmaceuticals
Limited
May 26, 2010 ICRA assigns LBBB- rating to the bank facilities of L&T Bangalore Airport Hotel Limited
May 26, 2010 ICRA revises the rating for bank facilities of Mail Order Solutions (India) Private Limited;
May 26, 2010 ICRA assigns LB+ and A4 ratings to bank facilities of Mangalam Timber Products
Limited
May 26, 2010 ICRA reaffirms the ratings of LBB+/A4+ assigned to the fund-based and non-fund
based limits of Progressive Civil Construction Company Private Limited (PCCCPL);
May 26, 2010 ICRA assigns LB+ rating to the bank facilities of Subhash Kabini Power Corporation
Limited
May 25, 2010 ICRA expects the tractor demand to remain robust during 2010-11
May 25, 2010 ICRA reaffirms the LA+ rating for bank facilities of Apeejay Surrendra Park Hotels
Limited; stable outlook assigned
May 25, 2010 ICRA assigns LBB+ and A4+ ratings to the bank facilities of Intec Infonet Private
May 25, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Rahul Conductors Private
Limited
May 25, 2010 ICRA revises the ratings for bank facilities of Shodhana Laboratories Limited
May 25, 2010 ICRA assigns LBB- / A4 to the bank facilities of Subhash Fertilizers Private Limited;
May 25, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Vardhman Electro-Mech
Private Limited
May 25, 2010 ICRA assigns LBBB- / A3 to the bank facilities of RRC International Freight Services
May 24, 2010 ICRA Releases an Update on the Performance of ABS Pools
May 24, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Athena Energy Ventures
May 24, 2010 ICRA upgrades the ratings assigned to IG Petrochemicals Limited’s bank lines
May 24, 2010 ICRA reaffirms the ratings assigned to bank lines of Modi Naturals Limited
May 24, 2010 ICRA assigns LBB- and A4 rating to the bank facilities of Rathi Rajasthan Steel Mills
May 24, 2010 ICRA downgrades the ratings assigned to the bank lines of Saurabh Agrotech Pvt Ltd to
LBB+(Stable)/A4+
May 24, 2010 ICRA upgrades the ratings assigned to VRL Logistics Limited’s bank lines; assigns
stable outlook
May 24, 2010 ICRA assigns rating of LBB- to bank facilities of Chirchind Hydro Power Limited
May 21, 2010 ICRA upgrades the rating assigned to Ganesh Housing Corporation Limited’s bank
May 21, 2010 ICRA re-affirms LAA/A1+ ratings of Godrej Consumer Products Limited (GCPL),
removes it from rating watch with developing implications; ICRA also assigns A1+ rating
to the Rs. 8 billion short term facilities of GCPL
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May 21, 2010 ICRA assigns A4+ ratings to the bank facilities of Arunkumar Jamnadas Ashar
May 21, 2010 ICRA revises the ratings for bank facilities of ABT Limited
May 21, 2010 ICRA assigns a final LA+ (SO) rating to the Rs. 770 million non-convertible bond
programme of Karnataka State Financial Corporation
May 21, 2010 ICRA reaffirms LBBB- and A3 rating for bank facilities of Polynova Industries Limited;
May 21, 2010 ICRA revises the ratings for the bank facilities of Rajvir Industries Limited
May 21, 2010 ICRA assigns LBBB- and A3 ratings to enhanced bank facilities of Sabero Organics
Gujarat Limited
May 21, 2010 ICRA reaffirms the LBB+ and A4+ ratings for bank facilities of Sagar Grandhi Exports
Ltd; stable outlook assigned
May 21, 2010 ICRA assigns LBBB- (Stable outlook) and A3 ratings to the bank facilities of Sundaram
Hydraulics Limited
May 21, 2010 ICRA revises the ratings for bank facilities of Western Refrigeration Private Limited
May 21, 2010 ICRA assigns LB+ and A5 ratings to the bank facilities of Kalptaru Alloys Private Limited
May 20, 2010 ICRA assigns assigns LBB- rating to the bank facilities of Bimla Devi Educational
Society
May 20, 2010 APM Gas Price Hike : A positive for the development of the domestic gas market
May 20, 2010 ICRA reaffirms the LBBB (SO) rating to the bank facilities of Empee Breweries Limited
May 20, 2010 ICRA assigns LB+ rating to bank facilities of Greenland Hospitality Private Limited
May 20, 2010 ICRA reaffirms LAA rating and assigns a stable outlook to the Long Term bonds of
Housing and Urban Development Corporation Limited
May 20, 2010 ICRA reaffirms ICICI Bank’s ratings following the merger announcement; places Bank
of Rajasthan on rating watch with positive implications
May 20, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Ivax Paper Chemicals Limited
May 20, 2010 ICRA assigns A4+ rating to the bank facilities of Rag Corporation
May 20, 2010 ICRA assigns LBB/A4 ratings to bank limits of Raneka Industries Limited
May 20, 2010 ICRA assigns LBB+/A4+ ratings to the bank facilities of Ruchi Strips and Alloys Limited
May 20, 2010 ICRA reaffirms the A1+ rating for commercial paper/ short term debt programme of
Unichem Laboratories Limited
May 20, 2010 ICRA reaffirms the LBBB (SO) rating to the bank facilities of United Millennium
Breweries Limited
May 20, 2010 ICRA assigns LBB+/A4+ ratings to the bank facilities VHCL Industries Limited
May 19, 2010 ICRA Limited: Audited Financial Results for the Fourth Quarter and the Year ended
March 31, 2010
May 19, 2010 ICRA assigns LAA- rating (rating under watch with developing implications) to the Rs. 5
billion Non-Convertible Debentures programme of Cholamandalam DBS Finance
May 19, 2010 ICRA assigns LBBB+/A2+ ratings to the bank facilities of Indo Autotech Limited;
May 19, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Ruchi Acroni Industries
May 19, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Ruchi Global Limited; assigns
stable outlook
May 19, 2010 ICRA withdraws the ratings for the bank facilities of Arora Fashions Limited
May 19, 2010 ICRA assigns LB+ and A4 ratings to the bank facilities of Kalptaru Papers Limited
May 18, 2010 ICRA upgrades the Long Term Ratings of Tata Motor Finance Limited from LA (Positive)
to LA+ (Stable)
May 18, 2010 ICRA upgrades the long term rating for bank facilities of AIPL Ambuja Housing and
Urban Infrastructure Limited; assigns stable outlook
May 18, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Paracoat Products Limited
May 18, 2010 ICRA assigns LB+ and A4 ratings to bank facilities of Saurashtra Calcine Bauxite and
Allied Industries Limited
May 18, 2010 ICRA assigns LB+ rating to the term loan facilities of Shorya Education and Welfare
Society
May 18, 2010 ICRA assigns LB+ and A5 ratings to the bank facilities of St Laurn Hotels Limited
May 17, 2010 ICRA assigns assigns LBB- and A4 ratings to the bank facilities of Jai Gopal
International Impex Private Limited
May 17, 2010 ICRA assigns LBB-/ A4 ratings to the bank facilities of Bal Pharma Limited
May 17, 2010 ICRA reaffirms LBB rating for bank facilities of BST Textile Mills Private Limited; assigns
stable outlook
May 17, 2010 ICRA retains A3 rating of Interjewel
May 17, 2010 ICRA reaffirms A4 rating for bank facilities of M/s Jalpa Diamond
May 17, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Phoeniix
May 17, 2010 ICRA reaffirms the LBBB- (Stable) rating for bank facilities of PNG Jewellery & Gems
May 17, 2010 ICRA assigns rating for the bank lines of Sim Diam Private Limited to A4
May 17, 2010 ICRA suspends the ratings assigned to the Non-Convertible Debenture program and
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May 17, 2010 ICRA suspends the ratings assigned to the Non-Convertible Debenture program and
Fixed Deposit program of Paam Pharmaceuticals (Delhi) Limited
May 17, 2010 ICRA suspends the rating outstanding of LD assigned to the Partially Convertible
Debenture program of Montari Industries Limited
May 17, 2010 ICRA re-affirms LBB rating to the bank facilities of Adwaith Textiles Limited
May 17, 2010 ICRA assigns LA and A1 ratings to the bank facilities of Seabird Marine Services
Private Limited
May 14, 2010 ICRA assigns LB/A4 rating to bank limits of Shubhlaxmi Casting Private Limited
May 13, 2010 ICRA assigns LBB- rating to the fund based limits of Chandra Electronic Appliances (P)
Limited
May 13, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of R.P. Techvision India Private
Limited
May 12, 2010 ICRA assigns LBBB+ rating to NCD programme of Asian Hotels (West) Limited; assigns
stable outlook
May 12, 2010 ICRA assigns A4 rating to the bank facilities of Bharat Silks
May 12, 2010 ICRA reaffirms CGR2 to the Corporate Governance practices of Bank of Baroda
May 12, 2010 ICRA assigns LBB+ rating with a stable outlook to bank limits of Chennai Elevated
Tollway Limited (CETL)
May 12, 2010 ICRA revises the long term rating for bank facilities of Consolidated Interiors Limited;
reaffirms the short term rating at A1 (SO)
May 12, 2010 ICRA assigns LBB rating to the bank facilities Gharana Foods Limited; assigns stable
outlook
May 12, 2010 ICRA revises the long term rating for bank facilities of Herve Pomerleau International
Inc. - Consolidated Construction Consortium Limited JV;
May 12, 2010 ICRA reaffirms LAAA/A1+ ratings to the enhanced bank limits of Indraprastha Gas
May 12, 2010 ICRA assigns LBB rating to the bank facilities of M.V. Food Industries Limited; assigns
stable outlook
May 12, 2010 ICRA revises the long term rating for bank facilities of Noble Consolidated Glazings
Limited; reaffirms the short term rating at A1 (SO)
May 12, 2010 ICRA assigns A1+ rating to the Rs. 21 billion short term Non Convertible Debenture
programme (enhanced from Rs 18 billion) of RHC Holding Private Limited
May 12, 2010 ICRA has assigned an IPO Grade 2 to the proposed IPO of BS Transcomm Limited
May 11, 2010 ICRA: Indian Natural Gas market to see spurt in growth once gas transmission pipeline
capacity is augmented
May 11, 2010 ICRA assigns LBBB- (stable) and A3 rating to the bank facilities of Ashtech Infotech
Private Limited
May 11, 2010 ICRA assigns LAA to the Perpetual Bonds Programme of IDBI Bank
May 11, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Mica Industries Limited;
May 11, 2010 ICRA assigns IPO Grade 4 to the proposed Initial Public Offering of Gujarat State
Petroleum Corporation Limited
May 11, 2010 ICRA assigns highest credit quality rating to Export-Import Bank of India’s Long Term
debt programme
May 11, 2010 ICRA revises the ratings for bank facilities of BS Transcomm Limited
May 10, 2010 Indian Mining And Construction Equipment Industry: Strong growth prospects despite
competitive pressures
May 10, 2010 ICRA assigns LBB+ and A4+ ratings to the bank facilities of JSK Marketing Private
May 10, 2010 ICRA reaffirms the LD rating for Preference Share Capital Programme of LML Limited
May 10, 2010 ICRA revises rating for the bank lines of Nirav Gems to A4+/LBB+
May 10, 2010 ICRA assigns LBBB+ and A2+ ratings to bank facilities of Sunair Hotels Limited;
May 10, 2010 ICRA withdraws rating assigned to the long-term loan programme of Golflinks Software
Park Private Limited
May 10, 2010 ICRA reaffirms the LA+ and A1+ ratings for bank facilities of Torrent Cables Limited
May 7, 2010 ICRA assigns highest credit quality rating to the Rs. 91.20 billion borrowing programme
of Indian Railway Finance Corporation; reaffirms the ratings assigned earlier
May 7, 2010 ICRA assigns LBB+ rating with a stable outlook to the Rs. 500 million bank facilities of
Mahasemam Trust
May 7, 2010 ICRA assigns LBB- (Stable) rating to bank facilities of Mangalagiri Textile Mills Private
Limited
May 7, 2010 ICRA reaffirms the ratings assigned to the bank limits of Manipal Universal Learning
Private Limited
May 7, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Monica Garments
May 7, 2010 ICRA reaffirms highest credit quality rating to the various debt programmes of State
Bank of India (erstwhile State Bank of Saurashtra)
May 7, 2010 ICRA revises rating assigned to the bank facilities of Shipra Estate Limited
May 7, 2010 ICRA reaffirms the LBBB-(Stable) rating for bank facilities of SU Toll Road Private
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May 7, 2010 ICRA reaffirms the LBBB-(Stable) rating for bank facilities of SU Toll Road Private
Limited
May 7, 2010 ICRA reaffirms the LBBB-(Stable) rating for bank facilities of TD Toll Road Private
Limited
May 7, 2010 ICRA reaffirms the LBBB-(Stable) rating for bank facilities of TK Toll Road Private
Limited
May 7, 2010 ICRA revises the ratings assigned to bank facilities of Vadehra Builders Private Limited;
May 7, 2010 ICRA reaffirms LBB- (stable) rating to the bank lines of Namo Alloys Private Limited
May 6, 2010 ICRA assigns LBB and A4 ratings to bank facilities of B. S. Sea Foods Limited
May 6, 2010 ICRA assigns LBB- and A4 rating to the bank facilities of Harisons Steel Private Limited
May 6, 2010 ICRA assigns LBBB and A3+ ratings to enhanced bank facilities of Indu Projects
Limited
May 6, 2010 ICRA assigns LBBB to the long term bank lines of Infinity.Com Financial Securities
Limited
May 6, 2010 ICRA reaffirms the LA+ and A1+ rating for the bank facilities / commercial paper / short
term debt programme of Madras Cements Limited
May 6, 2010 ICRA assigns LBBB rating with stable outlook to the bank lines of Pyramid Finance
Limited
May 6, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Selvel Advertising Private
Limited
May 6, 2010 ICRA assigns LB rating to the bank facilities of Shri Govindaraja Textiles Private Limited
May 6, 2010 ICRA assigns A1+ (SO) rating to commercial paper/ short-term debt programme of UTV
Global Broadcasting Limited
May 6, 2010 ICRA assign A4 rating to bank facilities of V. K. Udyog Limited
May 6, 2010 ICRA withdraws the LBBB+(SO) rating for the bonds programme of Municipal
Corporation, Ludhiana
May 6, 2010 Indian Commercial Vehicle Industry: An Update
May 6, 2010 ICRA assigns A2 to the enhanced bank lines of Pioneer Investcorp Limited
May 6, 2010 ICRA assigns high credit quality rating to the Equity Linked Debenture Programme of
Citicorp Finance (India) Limited
May 6, 2010 ICRA Reaffirms highest credit quality rating for the bank limits and bond programme of
Neyveli Lignite Corporation limited
May 5, 2010 ICRA assigns LB and A4 ratings for bank facilities of Taneja Iron & Steel Company
Limited
May 5, 2010 Ultra Short-Term MF schemes remain investors’ favourite in 2009-10 amid rising AUMs
May 5, 2010 ICRA assigns LBB+ and A4+ ratings for bank facilities of Jenil Steel Private Limited
May 5, 2010 ICRA assigns LBBB and A2 ratings to bank facilities of Moldtek Plastics Limited
May 5, 2010 ICRA assigns LAA- (Stable) rating to the enhanced bank facilities of North Eastern
Electric Power Corporation Limited
May 5, 2010 ICRA assigns LBB+ (stable) rating to bank facilities of Orissa Television Limited
May 5, 2010 ICRA assigns LB+ rating to the bank facilities of P.K. & Company
May 5, 2010 ICRA assigns conditional highest-credit-quality ratings to the Pass Through Certificates
under a Asset-Backed Securitisation programme originated by Reliance Consumer
Finance Private Limited
May 5, 2010 ICRA assigns LBBB- (stable) to bank facilities of Sudar Garments Limited
May 5, 2010 ICRA reaffirms the LBB+ and A4+ ratings for bank facilities of Talbros Engineering
May 5, 2010 ICRA re-affirms A4/LBB- rating to the bank lines of Unisource Papers Pvt Ltd
May 4, 2010 ICRA assigns LBB/A4 ratings to the bank facilities of Barbate Automotive India Private
Limited
May 4, 2010 ICRA assigns LBB+ (Stable) / A4+ ratings to the bank facilities of Gem Edible Oils
Private Limited
May 4, 2010 ICRA assigns LBB+ and A4+ ratings to the bank facilities of Kherani Paper Mills Private
May 4, 2010 ICRA assigns conditional ratings to the Pass Through Certificates under loan
May 4, 2010 ICRA upgrades the rating on long term / short term bank lines of Nirmal Bang Securities
Private Limited to LBBB+ (stable outlook) / A2+ from LBBB / A2; enhances the rated
amount
May 4, 2010 ICRA assigns LB+ rating to bank facilities of Palai Jyoti Banquet Private Limited
May 4, 2010 ICRA assigns LB rating to bank facilities of Pramanik Retail Private Limited
May 4, 2010 ICRA assigns LBB rating to the bank facilities of Ramshree Construction Company
May 4, 2010 ICRA assigns LBB+/A4+ rating to the bank facilities of Safeflex International Limited
May 4, 2010 ICRA assigns LBB (Stable) rating to bank facilities of Varad Agri Tech Limited
May 4, 2010 ICRA withdraws rating assigned to the bank facilities of Delhi Gurgaon Super
Connectivity Limited
May 4, 2010 ICRA reaffirms the LBB+ rating for the term loan programme of Simhapuri Energy
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May 4, 2010 ICRA reaffirms the LBB+ rating for the term loan programme of Simhapuri Energy
Private Limited
May 3, 2010 ICRA assigns LB+ rating to the bank facilities of Forum Retail Private Limited
May 3, 2010 ICRA assigns LBB- rating to the bank facilities of Forum IT Parks Pvt. Limited; assigns
stable outlook
May 3, 2010 ICRA re-affirms the LBBB and A3+ ratings for bank facilities of Veer O Metals Private
Limited
May 3, 2010 ICRA assigns LBB+ and A4+ rating to the bank facilities of Shivam Steels & Tubes
Private Limited
May 3, 2010 ICRA assigns A3 rating to bank facilities of Sigma Corporation India Limited
May 3, 2010 ICRA reaffirms A4+ rating to bank lines of Banbury Impex Private Limited
May 3, 2010 ICRA re-affirms A4/LBB rating to the bank lines of Tradecom International Private
Limited
May 3, 2010 ICRA downgrades the rating assigned to the bank facilities of BBIPL Infrastructure
(India) Private Limited
May 3, 2010 ICRA assigns LAA- (Stable) rating to the enhanced bank facilities of North Eastern
Electric Power Corporation Limited
May 3, 2010 ICRA upgrades the ratings assigned to Akums Drugs and Pharmaceuticals Limited’s
bank lines; assigns Stable outlook
April 30, 2010 ICRA assigns LBBB- and A3 ratings to the bank facilities of Deva Drill Tech (I) Limited;
April 30, 2010 ICRA places the ratings assigned to the bank facilities of GMR Industries Limited on
rating watch with positive implications
April 30, 2010 ICRA assigns LBBB-/ A3 rating to the bank facilities of India Telecom Infra Limited
April 30, 2010 ICRA assigns LBBB-/ A3 ratings to the bank facilities of Kemwell Private Limited
April 30, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Mayur Woven Private Limited
April 30, 2010 ICRA upgrades the long term rating for bank facilities of Sundaram Industries Limited;
reaffirms short term rating
April 30, 2010 ICRA reaffirms LBBB- rating assigned to the outstanding amounts of term loans and
sanctioned bank limits of Madhucon Sugar and Power Industries Limited (MSPIL)
April 30, 2010 ICRA assigns LBB+ rating to Rs. 1.0 billion long term debt programme of Unitech
Limited; assign stable outlook
April 29, 2010 ICRA assigns LB+ rating to A.S. Cargo Movers Private Limited’s bank lines
April 29, 2010 ICRA reaffirms the LBBB- rating for bank facilities of L&T Halol Shamlaji Tollway Private
Limited
April 29, 2010 ICRA assigns LBBB rating to the bank facilities of West Pioneer Properties (India)
Private Limited
April 29, 2010 ICRA assigns LB+ rating to bank facilities of Kasliwal Automotives Private Limited
April 29, 2010 ICRA assigns LB+ rating to bank facilities of Sorento Granito Private Limited (SGPL)
April 29, 2010 ICRA assigns LBB+ and A4+ ratings to the bank facilities of Pyramid Technoplast
April 29, 2010 ICRA assigns LAA+ (SO) and A1+ ratings to the bank facilities of Reliance Infratel
Limited; re-affirms A1+ rating for the short-term debt programme
April 29, 2010 ICRA assigns highest credit quality ratings to the Long term and Short Term Borrowing
Programme of Rural Electrification Corporation Limited
April 29, 2010 ICRA withdraws the suspended rating for the fixed deposit programme of Gopalka
Finance Limited
April 28, 2010 ICRA revises the ratings for bank facilities of Asian Peroxides Limited
April 28, 2010 ICRA assigns LAA- rating (rating under watch with developing implications) to the
Subordinated debt programmes of Cholamandalam DBS Finance Limited
April 28, 2010 ICRA revises ratings assigned to the bank facilities of DT Projects Limited {formerly
DLF Laing O’Rourke (India) Limited}
April 28, 2010 ICRA assigns LB+ and A4 ratings to bank facilities of M. K. Roy & Bros Projects Private
Limited
April 28, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of PNP Polymers Private
April 28, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of PNP Polytex Private Limited;
April 28, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Sogo Computers Private
Limited
April 28, 2010 ICRA reaffirms the LBBB-/A3 ratings assigned to the bank lines of Sabero Organics
Gujarat Limited
April 28, 2010 ICRA assigns LAA+ rating with a stable outlook to Rs. 10 billion non-convertible
debenture and Rs. 1 billion subordinated debt programmes of Sundaram Finance
Limited
April 28, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Vita Granito Private Limited
April 28, 2010 ICRA reaffirms the ratings assigned to Wilbur Smith Associates Private Limited’s bank
lines
April 28, 2010 ICRA assigns LBB- (stable) rating to the bank lines of Amit Brothers Private Limited
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April 28, 2010 ICRA assigns LBB- (stable) rating to the bank lines of Amit Brothers Private Limited
April 27, 2010 ICRA assigns LBBB- rating to the bank line of Arvindbhai Bechardas Jewellers Private
Limited
April 27, 2010 ICRA assigns LBBB- and A3 ratings to the bank facilities of Agmatel India Private
April 27, 2010 ICRA revises the rating for bank facilities of Automotive Axles Limited; stable outlook
assigned
April 27, 2010 ICRA assigns LB and A4 ratings to the bank facilities of Emil Pharmaceutical Industries
Private Limited
April 27, 2010 ICRA re-affirms the rating assigned to the enhanced bank lines of Krishnapatnam Port
Company Limited at LBBB; assigns stable outlook
April 27, 2010 ICRA assigns LB and A4 ratings to the bank facilities of Medibios Laboratories Private
Limited
April 27, 2010 ICRA assigns LBB/A4 ratings to the bank lines of Dinesh Oils Limited
April 27, 2010 ICRA assigns LBBB- and A3 ratings for bank facilities of Metalfab Hightech Private
Limited
April 26, 2010 ICRA release an Update on Indian Structured Finance Market
April 26, 2010 ICRA places the ratings assigned to the bank lines of DD Industries Limited on rating
April 26, 2010 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of DD International Inc.;
April 26, 2010 ICRA revises the long term rating for bank facilities of Consolidated Construction
Consortium Limited to LA+; reaffirms the short term rating at A1
April 26, 2010 ICRA assigns LBBB-(SO) rating to bank facilities of DSC Ventures Private Limited
April 26, 2010 ICRA revises the ratings for bank facilities of Foods and Inns Limited, rated amount
enhanced
April 26, 2010 ICRA assigns A1+ rating to the bank lines of HDFC Securities Limited
April 26, 2010 ICRA assigns LB ratings to the bank lines of Home Land City Mall
April 26, 2010 ICRA reaffirms the LBBB- and A3 ratings assigned to the bank lines of KRF Limited
April 26, 2010 ICRA reaffirms A1+ rating on Kotak Securities Limited’s short term debt programme for
reduced amount
April 26, 2010 ICRA assigns LBB+ / A4+ rating to Kantilal Chhaganlal Securities Private Limited’s long
term / short term bank lines
April 26, 2010 ICRA assigns LBB (Stable)/ A4 ratings to the bank facilities of Magnum Estates Limited
April 26, 2010 ICRA assigns LBB (Stable)/ A4 ratings to the bank facilities of Magnum Sea Foods
Limited
April 26, 2010 ICRA reaffirms MA- rating and assigns a Stable outlook to the fixed deposits programme
of Seyad Shariat Finance Limited
April 26, 2010 ICRA assigns LB+ and A4 ratings to the bank limits of Shree Ganpatlal Onkarlal Agarwal
& Co
April 26, 2010 ICRA assigns LBB (Stable)/A4 ratings to the bank limits of Sita Shree Food Products
Limited
April 26, 2010 ICRA assigns LBB+ rating to bank facilities of Supreemo Fashion World Private Limited
April 26, 2010 ICRA assigns LB+ and A4 ratings to the bank limits of Swastik Coal Corporation Pvt. Ltd
April 26, 2010 ICRA assigns LB+ and A4 ratings to the bank limits of Swastik Coal International Private
Limited
April 26, 2010 ICRA reaffirms the LAA- and A1+ ratings for bank facilities and CP programme of Tata
Steel Processing and Distribution Limited (erstwhile Tata Ryerson Limited)
April 26, 2010 ICRA withdraws the suspended rating for the fixed deposit programme of South Asian
Financial Exchange Limited
April 26, 2010 ICRA withdraws the suspended rating for the fixed deposit programme of Sterling
Holiday Financial Services Limited
April 26, 2010 ICRA withdraws the suspended rating for the non-convertible debenture programme of
Indseam Services Limited
April 26, 2010 ICRA withdraws the suspended rating for the fixed deposit programme of Indseam
Services Limited
April 26, 2010 ICRA withdraws the suspended rating for the fixed deposit programme of KIEV Finance
Limited
April 26, 2010 ICRA withdraws the suspended rating for the fixed deposit programme of Madhusudan
Leasing and Finance Limited
April 26, 2010 ICRA assigns LBB+(Stable)/A4+ ratings to the bank limits of Prestige Feed Mills Limited
April 23, 2010 ICRA assigns LBB rating to the term loan programme of RKM Powergen Private Limited
April 23, 2010 ICRA assigns LB+ rating for bank facilities of Gurudeva Charitable Trust
April 23, 2010 ICRA assigns LBB+ rating to the bank facilities of Vindhyachal Hydro Power Limited
April 23, 2010 ICRA assigns LB to bank facilities of Magppie Exports Private Limited
April 23, 2010 ICRA assigns LBB+ rating to bank facilities of Satya Prakash Hotels Private Limited
April 23, 2010 ICRA downgrades the ratings assigned to the bank lines of Paramount Communications
Limited to LBB (Stable)/A4
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Limited to LBB (Stable)/A4

April 23, 2010 ICRA reaffirms A1+ rating to Investsmart Financial Services Limited’s Short –Term Debt
programme
April 23, 2010 ICRA assigns LBB rating to bank facilities of Sriji Corporation Private Limited; assigns
stable outlook
April 23, 2010 ICRA assigns LAA/Stable and A1+ ratings to bank facilities of GKB Rx Lens Private
Limited
April 23, 2010 ICRA assigns LBBB- (Stable outlook) and A3 ratings to the bank facilities of Super
Screws Private Limited
April 23, 2010 ICRA retains LBBB- rating of Shikshayatan Foundation (erstwhile Marwari Balika
Vidyalaya Society)
April 23, 2010 ICRA assigns LBB rating to the bank facilities of Ozone Projects Private Limited
April 23, 2010 ICRA places the ratings of Delhi International Airport Private Limited on rating watch
with negative implications; withdraws stable outlook
April 23, 2010 ICRA assigns LBBB- (stable)and A3 ratings to the bank facilities of Tech Auto Private
Limited
April 23, 2010 ICRA assigns LA- and A1 ratings to the bank facilities of Ganesh Polychem Limited
April 22, 2010 ICRA assigns IPO Grade 3 to the proposed IPO of Jaypee Infratech Limited
April 22, 2010 ICRA assigns LBB and A4 rating to the bank facilities of Meltroll Engineering Private
Limited
April 22, 2010 ICRA reaffirms the ratings for bank facilities of The Indure Private Limited at LBBB/A3+
for an enhanced amount
April 22, 2010 ICRA assigns LBBB (Stable)/ A3+ ratings to bank facilities of Texspin Bearings Limited
April 22, 2010 ICRA reaffirms ratings assigned to senior PTCs under three MBS programmes of
Deutsche Postbank Home Finance
April 22, 2010 ICRA assigns LBB+ and A4+ ratings for bank facilities of Guardian Casting Private
Limited
April 22, 2010 ICRA assign LBB- rating to the bank facilities of Sireesh Auto Private Limited
April 22, 2010 ICRA assigns A3 rating to the bank credit lines of Rolex Hosiery Private Limited
April 22, 2010 ICRA assigns LBB- rating to bank facilities of Rana Udyog
April 22, 2010 ICRA assigns LAA-(SO) rating to India Infoline Investment Services Ltd’s fresh long
term debt programme
April 22, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Rana Steels India Limited
April 22, 2010 Withdrawal of ICRA rating of LA- for Rs.944.2 million Optionally Convertible Debenture
programme of L G Balakrishnan & Bros Limited
April 21, 2010 ICRA assigns LBB/A4 ratings to the bank lines of Agsons Agencies (I) Private Limited;
April 21, 2010 ICRA Assigns LBB/A4 ratings to the bank lines of G. Shankar
April 21, 2010 ICRA Assigns LBB+ rating to the bank lines of Shamili Hydel Power Project Private
Limited
April 21, 2010 ICRA assigns A1 rating to the enhanced short term debt programme (including
commercial paper) of KEC International Limited
April 21, 2010 ICRA assigns LBB (stable) and A4 ratings to the bank facilities of Waaree Energies
Private Limited
April 21, 2010 ICRA assigns conditional ratings to the Pass Through Certificates under loan
April 21, 2010 ICRA upgrades ratings of Purchaser Payouts in 3 vehicle loan-backed transactions
originated by Tata Motors; reaffirms ratings in 18 other transactions originated by Tata
Motors /Tata Motors Finance
April 21, 2010 ICRA assigns LBB and A4 ratings to the bank line of Controls and Schematics Limited;
April 21, 2010 ICRA assigns an LAA rating to the enhanced long term bank facilities of Afcons
April 21, 2010 ICRA assigns LBB- (stable) / A4 ratings to the bank facilities of Mabel Engineers Private
Limited
April 21, 2010 ICRA assigns LBB+ and A4+ ratings to the bank facilities of Adani Agrifresh Limited
April 21, 2010 ICRA assigns A1+ rating to Canara Bank’s Rs. 400 billion enhanced (from Rs. 350
billion) certificate of deposit programme
April 21, 2010 ICRA assigns LB+ and A4 rating to the bank facilities of Epicenter Technologies Private
Limited
April 20, 2010 ICRA assigns LBB+/ A4+ rating to bank facilities of Adlec Systems Private Limited;
April 20, 2010 ICRA assigns LBB+ (stable) rating to the bank limits of Ansal Buildwell Limited
April 20, 2010 ICRA assigns LBB-(stable)/A4 rating to the working capital facilities of Bharat Cottage
Industries
April 20, 2010 ICRA assigns mfAAA(SO) to Birla Sun Life Capital Protection Oriented Fund – Series
3-6
April 20, 2010 ICRA upgrades the ratings of debt programmes of C&S Electric Limited (formerly
known as Control & Switchgear Company Limited) from LA/A1 to LA+/A1+; assigns
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known as Control & Switchgear Company Limited) from LA/A1 to LA+/A1+; assigns
stable outlook
April 20, 2010 ICRA revises the long term rating for bank facilities of Exide Industries Limited to LAAA;
stable outlook assigned; rating on Commercial Paper programme reaffirmed at A1+
April 20, 2010 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of HI-Q Electronics (P) Ltd;
April 20, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Mahalaxmi Dyes & Chemicals
Limited
April 20, 2010 ICRA upgrades the rating assigned to the bank limits of Pondicherry Tindivanam
Tollways Limited; assigns stable outlook
April 20, 2010 ICRA assigns LBB (stable) rating to the working capital facilities of Quality Cine Labs
Private Limited
April 20, 2010 ICRA assigns LBB- rating to the bank facilities of Shubh Motors Private Limited; assigns
stable outlook
April 20, 2010 ICRA reaffirms the ratings assigned to enhanced bank lines of SMC Power Generation
Limited
April 20, 2010 ICRA reaffirms the highest-credit-quality ratings assigned earlier to Tier II bonds and
Certificate of Deposit programme of State Bank of Patiala
April 20, 2010 ICRA Assigns LBBB and A2 ratings to bank facilities of TRUMPF India Private Limited
April 20, 2010 ICRA assigns LBBB- rating to bank facilities of IBN18 Broadcast Limited for an
enhanced amount
April 20, 2010 ICRA assigns LBBB- rating to bank facilities of Network18 Media and Investments
Limited for an enhanced amount
April 19, 2010 ICRA assigns LC rating to the bank facilities of Venus Sugar Limited
April 19, 2010 ICRA reaffirms the long term rating and revises the short term rating assigned to the
bank lines of Avon Ispat & Power Limited; assigns stable outlook
April 19, 2010 ICRA assigns LA rating to long term bank facilities of Tata Teleservices (Maharashtra)
April 19, 2010 With improved business environment, upgrades increase significantly; downgrades
moderate
April 19, 2010 ICRA assigns LAA+ rating to Non Convertible Debenture programme of Aditya Birla
Nuvo Limited (ABNL)
April 19, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Atlantis Products Private Limited
April 19, 2010 ICRA assigns A4 rating to bank facilities of Attar Constructions Company Private
Limited (ACCPL)
April 19, 2010 ICRA assigns LBB/Stable and A4 ratings to bank facilities of Banowari Lal Agarwalla
Private Limited
April 19, 2010 ICRA assigns Stable outlook to the long term ratings of Chennai Container Terminal
Private Limited
April 19, 2010 ICRA withdraws ratings assigned to the Senior PTCs issued by IRS Trust - Series I
April 19, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Jaideep Ispat & Alloys Pvt. Ltd
April 19, 2010 ICRA assigns LBB+ (Stable) and A4+ ratings to the banklines of LeoDuct Engineers
and Consultants Limited (LDECL)
April 19, 2010 ICRA assigns Stable outlook to the long term ratings of Mundra International Container
Terminal Private Limited; removes rating watch with negative implications
April 19, 2010 ICRA assigns Stable outlook to the long term ratings of Nhava Sheva International
Container Terminal Private Limited
April 19, 2010 ICRA assigns LBBB+/A2 rating to the bank facilities of Nilon’s Enterprise Private
Limited
April 19, 2010 ICRA assigns LB+ / A4 ratings to the bank facilities of Southern Batteries Private
Limited
April 19, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Timespac India Limited
April 16, 2010 ICRA assigns LBB and A4 ratings to the bank line of Controls and Schematics Ltd.;
April 16, 2010 ICRA assigns LBB (Stable) and A4 ratings to bank facilities of Dagger Master Tool
Industries Limited (DMTIL)
April 16, 2010 ICRA assigns LAA+ (negative) rating to long-term bank lines of Deutsche Postbank
Home Finance Ltd
April 16, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Gilvert Ispat; assigns stable
outlook
April 16, 2010 ICRA retains LBBB- and A3 ratings of Jabs International Pvt. Ltd.
April 16, 2010 ICRA has reaffirmed the rating assigned to the bank limits of Madurai Tuticorin
Expressways Limited (MTEL)
April 16, 2010 ICRA assigns LB+ and A4 rating to bank facilities of Naxpar Pharma Private Limited
April 16, 2010 ICRA assigns LBBB+ and A2 ratings to the bank facilities of NCL Alltek & Seccolor Ltd.
April 16, 2010 ICRA reaffirms LAAA/A1+ ratings to debt programmes of NTPC for enhanced amounts
April 16, 2010 ICRA assigns LBB (stable) / A4 ratings to the bank facilities of Rajashree Spintex
Private Limited
April 16, 2010 ICRA assigns LBBB (stable) and A3+ ratings to bank facilities of Shrijee Lifestyle
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April 16, 2010 ICRA assigns LBBB (stable) and A3+ ratings to bank facilities of Shrijee Lifestyle
Private Limited
April 16, 2010 ICRA revises the rating assigned to the bank limits of Tamil Nadu Dindigul Karur
Expressways Limited (TNDK)
April 16, 2010 ICRA assigns LA+ (Positive Outlook) rating to Rs. 3 billion NCD programme of Tata
Motors Limited
April 16, 2010 ICRA reaffirms the rating assigned to the bank limits of Trichy Thanjavur Expressways
Limited (TTEL)
April 16, 2010 ICRA assigns LB+ and A4 ratings to bank facilities of Well Pack Papers & Containers
Limited
April 16, 2010 ICRA upgrades the rating assigned to the long term debt programme of Sobha
Developers Limited
April 16, 2010 ICRA assigns LB+ rating to Kanco Enterprises Limited
April 16, 2010 ICRA upgrades the rating assigned to the bank limits of Madhucon Agra Jaipur
Expressways Limited (MAJEL)
April 16, 2010 ICRA reaffirms LBBB- (Stable) and A3 ratings for the bank facilities of R.K. Powergen
Private Limited
April 16, 2010 ICRA assigns ratings of LBBB/A3+ to bank facilities of BRG Energy Limited
April 15, 2010 ICRA revises ratings assigned to the bank facilities of ETA Constructions (India) Limited
April 15, 2010 ICRA assigns LBBB-/A3 ratings to the bank facilities of Jai Aravali Industries
April 15, 2010 ICRA assigns LBB+ rating to the bank facilities of Kalyan Jewellers Madurai
April 15, 2010 A CR1 (pronounced C R one) grading has been assigned to L&T (ECC Division)
April 15, 2010 ICRA assigns LAA rating with a stable outlook to Rs. 7 billion non-convertible
debentures programme of L&T Infrastructure Finance Company Limited
April 15, 2010 ICRA revises the rating for the bank limits of Nimbark Gems
April 15, 2010 ICRA assigns LBB+ and A4+ ratings to the bank line of Sama Jewellery Pvt. Limited;
April 15, 2010 ICRA upgrades rating assigned to working capital facilities of Rohini Industrial
Electricals Limited to LA+/A1+; rating amount enhanced; assigns stable outlook to long
term rating
April 15, 2010 ICRA assigns LBBB (stable) rating to the enhanced bank limits of Vijay Nirman
April 15, 2010 ICRA assigns LBB (stable) and A4 ratings to bank facilities of VRV Textiles Limited
April 15, 2010 ICRA assigns LAAA rating to Non Convertible Debenture Programme of HDFC Limited
April 15, 2010 ICRA Withdraws Ratings Assigned To Rs. 10.19 Billion Bank Facilities and Short Term
Loans Of Tata Teleservices (Maharashtra) Limited
April 13, 2010 ICRA assigns LBBB- rating assigned to the bank facilities of Rockland Hospitals Limited
April 13, 2010 ICRA reaffirms the LA and A1 ratings for the enhanced bank facilities and Commercial
Paper (CP) / Short term debt (STD) programme of BSCPL Infrastructure Limited
April 13, 2010 ICRA reaffirms the LAA (So) rating for Non Convertible Debenture Programme of Tata
Teleservices Limited; assigns stable outlook
April 13, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Sowbhagya Polymers Limited;
April 13, 2010 ICRA upgrades the ratings assigned to the bank limits of The CAMPCO Limited
April 13, 2010 ICRA assigns LA+ (stable) rating to additional long-term bank lines of DHFL Vysya
Housing Finance Ltd.
April 13, 2010 ICRA assigns LBBB rating to bank facilities of HSI Automtives Limited
April 13, 2010 ICRA assigns LBB+ rating to bank facilities of Hwaseung Auto Parts (India) Private
Limited
April 13, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of CBay Systems (India) Private
Limited
April 13, 2010 ICRA assigns LBBB rating to bank facilities of Hwaseung Materials (India) Private
Limited
April 13, 2010 ICRA assigns LBBB- (stable) and A3 ratings to bank facilities of Indore Composite
Private Limited
April 13, 2010 ICRA assigns LBB+ rating to the bank facilities of Kalyan Jewellers Kollam and Erode
April 13, 2010 ICRA assigns LBB+ rating to the bank facilities of Kalyan Jewellers Salem
April 13, 2010 ICRA assigns LBB+ rating to the bank facilities of Kalyan Jewellers Salem Private
Limited
April 13, 2010 ICRA revises the long term rating for bank facilities of KG Fabriks Limited to LC+ from
LB-; re-affirms the short term rating of A4
April 13, 2010 ICRA assigns LBB+ and A4+ ratings to bank lines of Lall Construction Company;
April 13, 2010 ICRA upgrades the long term rating for bank facilities of MBL Infrastructures Limited;
re-affirms short-term rating
April 13, 2010 ICRA assigns LA- and A2+ ratings to the bank facilities of Metzeler Automotive Profiles
India Private Limited; assigns stable outlook
April 13, 2010 ICRA revises the rating for bank facilities of Ratilal Becharlal & Sons
April 13, 2010 ICRA assigns LBB+ rating to the bank facilities of Skylark Hatcheries Private Limited
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April 13, 2010 ICRA assigns LBB+ rating to the bank facilities of Skylark Hatcheries Private Limited
April 13, 2010 ICRA re-affirms LBB/A4 ratings to the bank facilities of Sri Kannapiran Mills Limited
April 13, 2010 ICRA assigns LB+ rating to the bank facilities of Universal Autofoundry Private Limited
April 13, 2010 ICRA assigns LBB (stable) and A4 ratings to bank lines of Vikky’s Agrisciences Private
Limited
April 12, 2010 ICRA assigns LA+ (Stable) & A1+ rating to ACE Designers Limited
April 12, 2010 ICRA assigns LBB- (stable) rating to bank facilities of Avnash Automobiles Private
Limited
April 12, 2010 ICRA places the ratings of Godrej Consumer Products Limited under rating watch with
April 12, 2010 ICRA assigns LBBB- and A3 ratings for bank facilities of Guardian Steels Pvt. Ltd
April 12, 2010 ICRA assigns LBB rating to the bank facilities of Him Alloys & Steels Private Limited;
April 12, 2010 ICRA reaffirms LAAA (SO) to the existing bond programmes of IIFCL, assigns stable
outlook
April 12, 2010 ICRA assigns LBB (stable) and A4 ratings to bank facilities of Jay Electrocom
Industries
April 12, 2010 ICRA assigns LA-(stable)/ A1 rating to bank facilities of Maa Television Network Limited
April 12, 2010 ICRA assigns LA- and A1 ratings to bank facilities of Prakash Snacks Private Limited
April 12, 2010 ICRA assigns LBB and A4 ratings to the bank lines of Rathi Graphic Technologies
April 12, 2010 ICRA assigns LAAA rating to Tata Sons Limited
April 12, 2010 ICRA assigns LBBB- (stable) and A3 ratings to bank facilities of Vitesse Private Limited
April 12, 2010 ICRA WITHDRAWS GRADINGS ASSIGNED TO GOLDEN NEST PHASE XI-XIV
PROJECT
April 9, 2010 ICRA re-affirms LBBB- / A3 ratings to the bank facilities of Sical Iron ore Terminals
April 9, 2010 ICRA re-affirms LBBB- / A3 ratings to the bank facilities of Sical Iron ore Terminals
April 9, 2010 ICRA reaffirms LAAA (SO) rating to the Government of India guaranteed Bond
programme of Food Corporation of India
April 9, 2010 ICRA revises the ratings for bank line facilities of India Carbon Ltd
April 9, 2010 ICRA reaffirms the LBBB- (stable) and A3 ratings for bank facilities of IRM Limited
April 9, 2010 ICRA Assigns A4 Rating To Bank Facilities Of Lamos (India) Exports Private Limited
April 9, 2010 ICRA assigns A3 rating to the bank facilities of Madhu Mineral Enterprises
April 9, 2010 ICRA assigns LBB- (stable) and A4 ratings to bank facilities of Mittal Sections Limited
April 9, 2010 ICRA reaffirms its LAA/A1+ (Stable) rating of NDPL; rated amount enhanced
April 9, 2010 ICRA assigns mfA1 rating to Peerless Liquid Fund and Peerless Ultra Short Term Fund
April 9, 2010 ICRA assigns the highest credit quality ratings to the Long Term and Short Term
borrowing programme of Power Finance Corporation Limited
April 9, 2010 ICRA assigns conditional LAAA(SO) to the Purchaser Payouts backed by commercial
vehicle and construction equipment loan pool originated by Religare Finvest Limited
April 9, 2010 ICRA assigns conditional LAAA(SO) to the Purchaser Payouts backed by commercial
vehicle and construction equipment loan pool originated by Religare Finvest Limited
April 9, 2010 ICRA assigns LBBB / A2 ratings to the bank facilities of Sakthi Finance Limited;
reaffirms MA- rating to the fixed deposits programme
April 9, 2010 ICRA assigns LA+ (SO) and A1+ (SO) ratings to bank facilities of UTV Global
Broadcasting Limited
April 9, 2010 ICRA reaffirms LBBB-/A3 ratings to the bank facilities of United Telecoms Limited
April 9, 2010 ICRA has withdrawn the A1+s rating assigned to short-term debt/commercial paper
programme of Fortis Healthcare Limited
April 8, 2010 ICRA assigns LB rating to bank facilities of Omaxe Buildhome Private Limited
April 8, 2010 ICRA re-affirms LBB+ and A4+ ratings to the bank facilities of Riya Travel & Tours
(India) Private Limited; Stable outlook assigned
April 8, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Rohan Dyes and Intermediates
Limited
April 8, 2010 ICRA assigns LBB (Stable) / A4 ratings to the bank facilities of Sowmiya Spinners
Private Limited
April 8, 2010 ICRA assigns ratings to bank line facilities of Supertron Electronics Limited
April 8, 2010 ICRA assigns LBBB rating to the bank facilities of BEKEM Infra Projects Private Limited
April 8, 2010 ICRA assigns LBBB- and A3 rating to the bank facilities of Amrut Gems
April 8, 2010 ICRA assigns LA-/A1 ratings to the bank lines of Shivdeep Industries Limited; assigns
stable outlook
April 8, 2010 ICRA assigns LAA- rating to the bank lines of Rashtriya Chemicals & Fertlizers Limited
(RCF)
April 8, 2010 ICRA assigns LBB+ and A4+ ratings to bank lines of Lall Construction Company;
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April 8, 2010 ICRA assigns LBB rating to the bank limits of Daya MK Developers Private Limited;
April 8, 2010 ICRA assigns LBB+ rating to the bank facilities of Mahavir Ashok Enterprises Pvt. Ltd.
April 8, 2010 ICRA upgrades the ratings for bank facilities of Insecticides (India) Limited
April 8, 2010 ICRA upgrades the ratings assigned to the bank limits of Shell MRPL Aviation Fuels and
Services Private Limited
April 8, 2010 ICRA assigns LBB+ and A4+ ratings for bank facilities of Ratanchand Jewellers Private
Limited
April 8, 2010 ICRA assigns LBB rating to the bank facilities of Kausthubha Project Private Limited
April 8, 2010 ICRA Assigns LBB- rating to the bank facilities of Amethyst Hospitality Private Limited
April 8, 2010 ICRA reaffirms LBBB- (Stable)/ A3 ratings to the bank facilities of Hare Krishna
Metallics Private Limited
April 8, 2010 ICRA assigns A1+ rating to Reliance Consumer Finance Private Limited’s short term
debt programme
April 8, 2010 ICRA assigns LBB- and A4 rating to bank facilities of Vijmohan Constructions Private
Limited
April 8, 2010 ICRA assigns LA- and A1 ratings to bank facilities of Prakash Snacks Private Limited
April 8, 2010 CRA revises outlook assigned to bank facilities of Escorts Construction Equipment
Limited
April 8, 2010 ICRA assigns LB- and A4 rating to bank facilities of Prajay Engineers Syndicate
Limited
April 7, 2010 ICRA re-affirms LAAA/A1+ ratings to the bank limits of Bharat Electronics Limited
April 7, 2010 ICRA assigns LBBB+(SO) and A2(SO) ratings to bank facilities of Aster Building
Solutions Private Limited
April 7, 2010 ICRA reaffirms LA-/A1 ratings to bank facilities of The Andhra Sugars Limited for an
enhanced amount
April 7, 2010 ICRA Online seals Strategic Alliance with IDEAcarbon in India
April 7, 2010 ICRA Assigns LB Rating to Bank Facilities Of Drisha Impex Private Limited
April 7, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Kongovi Electronics Private
April 7, 2010 ICRA reaffirms LBBB- rating to bank facilities of Kothari Cars Private Limited; assigns
stable outlook
April 7, 2010 ICRA assigns A4 rating to the bank limits of M.M. Exports (India)
April 7, 2010 ICRA assigns A1+ ratings to enhanced bank facilities of Mahindra Logistics Limited;
reaffirms LA+ rating on the long term bank facilities
April 7, 2010 ICRA reaffirms the LAAA and A1+ ratings for bank facilities of Mangalore Refinery and
Petrochemicals Ltd (MRPL); also retains MRPL’s issuer rating at IrAAA
April 7, 2010 ICRA assigns LBBB- and A3 rating to the bank limits of Oswal Cable Products
April 7, 2010 ICRA assigns A4 rating to the bank facilities of Priyanka Gems
April 7, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of R.P. Vyapaar Private Limited
April 7, 2010 ICRA assigns A4+ rating to bank lines of Sanghvi & Sons
April 7, 2010 ICRA assigns LBBB+ (stable) and A2 ratings to bank facilities of Tops Security Limited
April 7, 2010 ICRA assigns LBBB (stable) /A2 ratings to the enhanced bank facilities of UB
Engineering Limited
April 7, 2010 ICRA assigns LBBB (Stable) / A3+ ratings to the bank facilities of Windals Precision
Private Limited
April 7, 2010 ICRA withdraws ratings assigned to Purchaser Payouts backed by CV loan pool
originated by Sundaram Finance Limited
April 6, 2010 ICRA assigns conditional rating to the Pass Through Certificates under loan
April 6, 2010 ICRA assigns LBB rating to the bank facilities of Karia Developers & Builders
April 6, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Lucky Steel Industries (Ship
Breaking Division); assigns stable outlook
April 6, 2010 ICRA assigns LBBB- and A3 ratings to the bank facilities of Om Household Appliances
Private Limited
April 6, 2010 ICRA assigns LBBB+ rating to term loan facilities of Ramkrishna Forgings Ltd
April 6, 2010 ICRA assigns LBBB- and A3 ratings to the bank facilities of Srinivasa Edifice Private
Limited
April 6, 2010 ICRA places the rating of Dalmia Cement (Bharat) Limited under watch with developing
implications
April 6, 2010 ICRA assigns LBB- and A4 ratings to the bank facilities of Y. S. Investments; assigns
stable outlook
April 6, 2010 ICRA revises the ratings for the bank limits of Kakinada Seaports Limited
April 6, 2010 ICRA reaffirms the LBB+ rating for bank facilities of Sunflag Filaments Limited (SFL);
assigns stable outlook; withdraws the A4+ rating for bank facilities of SFL
April 6, 2010 ICRA withdraws ratings assigned to the PTCs under Loan Securitisation programmes of
AXIS Bank Limited
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AXIS Bank Limited

April 6, 2010 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisation
programmes of Citibank
April 6, 2010 ICRA withdraws ratings assigned to Senior PTC Series A10 backed by loans
receivables under the ABS programme originated by HDFC Bank Limited
April 6, 2010 ICRA withdraws ratings assigned to the PTCs under Loan Securitisation programmes of
YES Bank Limited
April 6, 2010 ICRA withdraws ratings assigned to the PTC Series A2 issued by Transportation Loan
Trust Series I, ABS programme originated by GE Capital Transportation Financial
Services Ltd
April 6, 2010 ICRA places the rating of Dalmia Cement (Bharat) Limited under watch with developing
implications
April 5, 2010 ICRA reaffirms issuer rating of IrAAA to The Clearing Corporation of India Limited
April 5, 2010 ICRA reaffirms its LA/ A1 rating to the bank limits of HSIL Limited; assigns stable
outlook
April 5, 2010 ICRA upgrades the Short Term Ratings and assigns the positive outlook on Long Term
Ratings of Tata Motors Finance Limited
April 5, 2010 ICRA upgrades Tata Motors short-term rating to A1+; re-affirms the long-term rating at
LA+ and assigns positive outlook
April 5, 2010 ICRA revises bank loan rating of Amalgamated Plantation Pvt Ltd
April 5, 2010 ICRA assigns LB+ and A4 ratings to bank facilities of M/s. Artex Apparels
April 5, 2010 ICRA assigns LBBB rating to the bank facilities of BEKEM Infra Projects Private Limited
April 5, 2010 ICRA assigns LBBB (Stable)/A2 rating to bank facilities of Endress+Hauser (India)
Automation Instrumentation Private Limited
April 5, 2010 ICRA assigns LBBB-/A3 ratings to the enhanced bank facilities of GMR Aviation Private
Limited
April 5, 2010 ICRA assigns LB and A4 ratings to Harrisons Malayalam Limited
April 5, 2010 ICRA reaffirms the ratings for bank facilities of Hira Power & Steels Ltd
April 5, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Hy-Link Overseas Private Limited;
April 5, 2010 ICRA assigns LA+ and A1+ ratings to bank facilities of Intercontinental Consultants &
Technocrats Pvt. Ltd.
April 5, 2010 ICRA reaffirms LAA- rating and the A1 + rating for the bank facilities of OCL India
Limited; the rated amount is enhanced
April 5, 2010 ICRA assigns LBB- ratings to bank facilities of Johnson Jewellers
April 5, 2010 ICRA assigns LBBB+/A2+ ratings to the bank lines of SICOM Investments and Finance
Limited
April 5, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Specific Ceramics Limited
April 5, 2010 ICRA assigns LBB rating to the fund based limits of Unique Punch Systems Private
Limited
April 5, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Mega Vitrified Tiles Private
Limited
April 5, 2010 ICRA assigns LB+ and A4 rating to the term loan and bank facilities of Archidply
Industries Limited
April 5, 2010 ICRA reaffirms the ratings assigned to the debt programme of Haldia Petrochemicals
Limited
April 5, 2010 ICRA assigns LBBB/A2 (Stable) ratings to the bank facilities of SSF Plastics (India)
Private Limited
April 5, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Sunora Tiles Private Limited
April 5, 2010 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisation
programmes of ICICI Bank Limited.
April 5, 2010 ICRA withdraws ratings assigned to Senior PTC Series A11 backed by loan receivables
originated by Reliance Capital Limited.
April 5, 2010 ICRA withdraws ratings assigned to Senior PTC Series A2 backed by loan receivables
under the ABS programme originated by SREI Equipment Finance Private Limited.
April 5, 2010 ICRA withdraws ratings assigned to the Senior PTCs issued by IRS Trust - Series I
April 1, 2010 ICRA assigns LBB+ (SO)/LBB/A4+ (SO) ratings to bank limits of A B Grain Spirits
Private Limited
April 1, 2010 ICRA assigns LB+ rating to bank facilities of Amartex Industries Limited
April 1, 2010 ICRA assigns A1 rating to enhanced Commercial Paper programme of Core Projects
and Technologies Limited
April 1, 2010 ICRA upgrades ratings assigned to bank facilities of Escorts Limited
April 1, 2010 ICRA suspends the ratings for bank facilities of Jasch Plastics India Ltd (JPIL)
April 1, 2010 ICRA assigns LBBB- (SO) ratings to the debt programme of KSK Mineral Resources
Private Limited
April 1, 2010 ICRA assigns LBBB- (SO) ratings to the debt programme of SN Nirman Infra Projects
Private Limited
April 1, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Lorenzo Vitrified Tiles Private
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April 1, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Lorenzo Vitrified Tiles Private
Limited
March 31, 2010 ICRA assigns LB+ and A4 rating to the bank facilities of Dustven Private Limited
March 31, 2010 ICRA assigns LBB-/A4 ratings to the bank facilities of Johnson Enterprise Limited
March 31, 2010 ICRA places Cholamandalam DBS Finance Limited’s LAA- (stable outlook) rating under
rating watch with developing implications
March 31, 2010 ICRA assigns LAA/A1+ ratings to the working capital facilities of Audco India Limited
March 31, 2010 ICRA assigns conditional LAAA(SO) rating to the purchaser payouts backed by a pool
of commercial vehicles and farm equipment loans originated by Sundaram Finance
Limited- Sundaram Finance CV & Tractor Loan Pool D.A. Mar -10
March 31, 2010 ICRA assigns LBB-/ A4 ratings to the bank facilities of Balaji Iron & Steel Industries
March 31, 2010 ICRA assigns the A1+ rating to IL&FS Securities Services Limited’s short term debt
programme
March 31, 2010 ICRA assigns conditional LAAA (SO) ratings to the Purchaser Payouts backed by four
mortgage loan pools originated by Housing Development Finance Corporation Limited
(HDFC Limited)
March 31, 2010 ICRA re-affirms LBBB+/A2+ ratings to the working capital facilities of B.V. Bio-crop Pvt.
Ltd.; assigns stable outlook
March 31, 2010 ICRA assigns LA rating to bank facilities of Ennore Port Limited
March 31, 2010 ICRA’s LA / A1 ratings on Wireless TT Info Services Limited continue to be on Rating
Watch with Developing Implications
March 31, 2010 ICRA assigns LBBB- and A3+ ratings to bank facilities of Concept Pharmaceuticals
Limited
March 31, 2010 ICRA assigns LA-/A1 ratings to the bank limits of Jindal Drilling & Industries Limited
March 31, 2010 ICRA assigns LBB+ to bank facilities of Topworth Pipes and Tubes Private Limited
March 31, 2010 ICRA suspends the rating of LBBB- and A3 assigned to the bank limits of Aravali
Infrapower Limited
March 31, 2010 ICRA reaffirms LBBB+ and A2+ ratings for bank facilities of AVT McCormick
Ingredients Private Limited, rated amount enhanced
March 31, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Dalmia Cement Ventures
Limited
March 31, 2010 ICRA assigns conditional ratings to the Pass Through Certificates under loan
securitisation programme of Kotak Mahindra Prime Limited.
March 31, 2010 ICRA reaffirms issuer rating of IrA- for Mangalore Electricity Supply Company Limited
March 31, 2010 ICRA assigns LB+ and A4 ratings to the bank limits of Neco heavy Engineering and
Castings Limited
March 31, 2010 ICRA assigns LBB rating to the bank facilities of Peninsula Projects (Bangalore) Private
March 31, 2010 ICRA assigns LBB- rating to the bank facilities of Primrose Realty Projects (Bangalore)
March 31, 2010 ICRA assigns A3 rating to banks lines of Rawmin Mining and Industries Private Limited
March 31, 2010 ICRA assigns LBB+ rating to the bank facilities of Salisbury Projects Private Limited;
March 31, 2010 ICRA assigns the A1+ rating to Securities Trading Corporation of India Ltd’s enhanced
March 31, 2010 ICRA reaffirms LBB+ and A4+ ratings for bank facilities of Steel Exchange India
March 31, 2010 ICRA assign LBBB- (Stable)/A3 ratings to Basel – II bank lines of Techno Shares and
Stocks Limited
March 31, 2010 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of Tagros Chemicals India
Limited
March 31, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Shri Ken Enterprises Pvt. Ltd.
March 31, 2010 ICRA assigns LBBB-/A3 ratings to the working capital facilities of Dembla Valves
Limited
March 31, 2010 ICRA assigns LBBB+(SO) and A2(SO) ratings to the bank facilities of QuEST SEZ
Development Private Limited
March 31, 2010 ICRA assigns A4 rating to the bank facilities of J.J. Vora
March 31, 2010 ICRA assigns A4 rating to the bank facilities of Krishna Gems
March 31, 2010 ICRA reaffirms highest credit quality rating to the Certificate of Deposit Programme of
Allahabad Bank
March 31, 2010 ICRA assigns LBB- (stable) rating to bank facilities of Omaxe Infrastructure &
Construction Limited
March 31, 2010 ICRA reaffirms LBBB+ and A2+ ratings to the bank limits of AVT Natural Products
Limited
March 31, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Oswal Agricomm Private Limited
March 31, 2010 ICRA assigns LBB+ rating to bank facilities of Ghodawat Foods International Private
March 31, 2010 ICRA assigns LB+ (SO) rating to the bank lines of Chadha Papers Limited
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March 31, 2010 ICRA assigns LB+ (SO) rating to the bank lines of Chadha Papers Limited
March 31, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Polmon Instruments Private
Limited
March 31, 2010 ICRA reaffirms the LBBB+ and A2 ratings for bank facilities of Mineral Enterprises
March 31, 2010 ICRA assigns LA- rating to bank facilities of Anmol Biscuits Limited
March 31, 2010 ICRA assigns LBBB-/ A3 ratings to the bank facilities of Rajapalayam Spinners Private
Limited
March 31, 2010 ICRA assigns the rating A4+ to short term bank lines of Pragya Securities Private
Limited
March 31, 2010 ICRA assigns LBBB- rating to the bank limits of KB Mall Management Company Limited
March 31, 2010 ICRA assigns LBBB+ (stable) and A2 ratings to bank lines of Rosy Blue (India) Private
Limited
March 31, 2010 ICRA assigns LBBB rating to the proposed Non Convertible debenture programme of
Share Microfin Limited
March 31, 2010 ICRA assigns LBB- rating to the Fund based facilities of Shakti Sugar Mill Pvt. Ltd.
March 31, 2010 ICRA assigns LBB- rating to the Fund based facilities of Narmada Sugars Pvt. Ltd.
March 31, 2010 ICRA assigns LBB- rating to the Fund based facilities of Ramdev Sugars Pvt. Ltd.
March 31, 2010 ICRA assigns LBB/A4 ratings to the bank facilities of Pristine Commercials Private
Limited
March 31, 2010 ICRA assigns LAAA ratings with a Stable Outlook to the fresh long-term debt
programme of Infrastructure Development Finance Company Limited
March 31, 2010 ICRA assigns LBB rating to the term loans of Alwar Power Company Private Limited
March 31, 2010 ICRA assigns LA+ (Stable) and A1+ ratings to the enhanced bank facilities of
Redington (India) Limited
March 31, 2010 ICRA assigns LBB+ rating to the bank facilities of The Karnataka Handloom
Development Corporation Limited; assigns stable outlook
March 31, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Acalmar Oils and Fats Limited
March 31, 2010 ICRA assigns assigns LBBB- rating to bank facilities of Shriniwas Education Society
March 31, 2010 ICRA assigns LBB rating to the bank facilities of S.D Bansal Iron & Steel Pvt Ltd
March 31, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Krishnapatnam Oils and Fats
Private Limited
March 30, 2010 ICRA assigns LBB rating to the bank facilities of Saket Infraprojects Limited
March 30, 2010 ICRA assigns LBBB and A3+ rating to the bank facilities of Walplast Products Private
Limited
March 30, 2010 ICRA assigns LBBB- (stable) rating to bank facilities of Sai Swarnamandir Jewellers
Private Limited
March 30, 2010 ICRA assigns LBB-/A4 rating to the bank facilities of Magtel Power Systems Private
March 30, 2010 ICRA assigns LBB rating to the bank limits of Reliable Spaces Private Limited
March 30, 2010 ICRA downgrades the Fixed Deposit rating of PHF Leasing Limited from MB+ to MB
March 30, 2010 ICRA assigns issuer rating of IrA+ to TM International Logistics Limited
March 30, 2010 ICRA assigns LB+ and A4 ratings to the bank facilities of Garnett Speciality Papers
Limited
March 30, 2010 ICRA Revises the rating of Infinity.Com Financial Securities Limited from A3 to A2
March 30, 2010 ICRA Revises the rating of Pioneer Investcorp Limited
March 30, 2010 ICRA assigns LBB- (stable) and A4 ratings to bank lines of Sparklings Traders Private
Limited
March 30, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Optima Cube Inframaterials
Private Limited
March 30, 2010 ICRA assigns LBB- and A4 ratings to the bank facilities of Siddhi Edibles Private
Limited
March 30, 2010 ICRA assigns LBB+/Stable and A4+ ratings to bank facilities of Petro Carbon and
Chemicals Pvt. Ltd.
March 30, 2010 ICRA assigns LBB/A4 rating to the bank limits of Kalapurna Steel & Engineering Pvt.
Ltd.
March 30, 2010 ICRA re-affirms LBB/A4 ratings to the bank facilities of Suryalakshmi Cotton Mills
Limited
March 30, 2010 ICRA re-affirms LBB/A4 ratings to the bank facilities of Suryakiran International Limited
March 30, 2010 ICRA assigns A1+ rating to the enhanced Rs 15 billion short term debt programme of
Religare Securities Limited
March 30, 2010 ICRA assigns A4 rating to the short term bank facilities of Akshar Impex
March 30, 2010 ICRA downgrades the rating assigned to the bank facilities of Fekari Infrastructure
Private Limited (FIPL)
March 30, 2010 ICRA assigns LBB+ and A4+ rating to bank facilities of Nyka Steels Private Limited
March 30, 2010 ICRA assigns LBBB- rating to bank facilities of Tirupati Buildcon Private Limited
March 30, 2010 ICRA assigns LBB- (Stable)/A4 rating to bank facilities of Spaceage Associates
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March 30, 2010 ICRA assigns A1 rating to short term debt/commercial paper programme of Peninsula
Land Ltd
March 30, 2010 ICRA assigns a final LA+(SO) rating to the Term Loans of Karnataka Water and
Sanitation Pooled Fund
March 30, 2010 ICRA assigns A2 rating to the bank facilities of GSPC Pipavav Power Company Limited
March 30, 2010 ICRA assigns LBB rating to the bank facilities of Upkar Estates; assigns stable outlook
March 30, 2010 ICRA assigns A1+ (SO) rating to Karvy Financial Services Limited’s Short Term Debt
Programme
March 30, 2010 ICRA assigns LB- rating to the bank facilities of Futura Polyesters Limited
March 30, 2010 ICRA assigns LA+ and A1+ ratings to bank facilities of Apeejay Tea Limited
March 29, 2010 ICRA assigns LB+ rating to bank facilities of Uan Max Infra Limited (UMIL)
March 29, 2010 ICRA assigns LB+ rating to bank facilities of Max Infratech (India) Private Limited
(MIIPL)
March 29, 2010 ICRA assigns A1+ rating to Axis Bank’s enhanced CD Programme
March 29, 2010 ICRA reaffirms rating assigned to senior PTCs under MBS programme of Bank of
Baroda
March 29, 2010 ICRA reaffirms LA- rating for the enhanced bank facilities of Hero Motors Limited
March 29, 2010 ICRA assigns LAA-(SO) rating to India Infoline Investment Services Ltd’s fresh long
term debt programme
March 29, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Indian Steel Corporation
March 29, 2010 ICRA assigns LBB+ (stable) and A4+ ratings to bank lines of Orbit Exports Limited
March 29, 2010 ICRA reaffirms the CGR 2 rating assigned to the corporate governance practices of
Punjab National Bank
March 29, 2010 ICRA assigns LBB rating to the bank facilities of Purple Creations Private Limited
March 29, 2010 ICRA assigns a rating of LBB and A4 to the bank facilities of Shiv Shakti International
Private Limited
March 29, 2010 ICRA revises the ratings for the bank facilities of Sona Fuji Kiko Automotive Limited
March 29, 2010 ICRA revises the ratings for the bank facilities of Sona Koyo Steering Systems Limited
March 29, 2010 ICRA Revises the rating of Sushil Financial Services Private Limited from A4+ to A3
March 29, 2010 ICRA assigns A1+ rating to the Rs. 40 billion (enhanced from Rs. 30 billion) short term
debt programme and LA+ rating to Rs. 10 billion (enhanced from Rs. 5 billion) long term
bank loans of Religare Finvest Limited
March 29, 2010 ICRA reaffirms LBBB+/A2+ ratings to the bank facilities of Ind Swift Laboratories
March 29, 2010 ICRA reaffirms LBBB+ (SO) rating for the bank facilities of Kiran Flour Mills Industries
March 29, 2010 ICRA revises the ratings for the bank facilities of Sona Somic Lemforder Components
Limited
March 29, 2010 ICRA assigns LB+ and A4 ratings to the bank facilities of GSR Textiles Private Limited
March 29, 2010 ICRA assigns LBB+(stable)/A4+ ratings to bank lines of Sam Overseas(Partnership
firm)
March 27, 2010 ICRA reaffirms LAA- and A1+ ratings to the various debt programmes of
Cholamandalam DBS Finance Limited; outlook on long term rating revised to ‘stable’
from ‘negative’
March 27, 2010 ICRA assigns LBB rating to the bank facilities of Shree Shivsagar Sugar & Agro
Products Limited; assigns stable outlook
March 27, 2010 ICRA assigns LBB+ to the bank lines of Celerity Power Private Limited with positive
outlook
March 27, 2010 ICRA reaffirms LBBB and A3+ rating assigned to bank facilities of KSH International
March 27, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Raghav Steels; assigns stable
outlook
March 27, 2010 ICRA assigns LBB rating to the bank facilities of JKS Construction Private Limited
March 27, 2010 ICRA assigns LB+ and A4 ratings to bank facilities of Airolam Limited
March 27, 2010 ICRA assigns LC/A5 ratings for bank facilities of Tradeline Enterprises Private Limited
March 27, 2010 ICRA reaffirms A4+ ratings to bank lines of GTI Jewellery India Private Limited
March 27, 2010 ICRA assigns LBB rating to the bank line of M/s Haresh Agencies
March 27, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Rukmini Polytubes Private Limited
March 27, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Nair Coal Services Limited
March 27, 2010 ICRA reaffirms LBBB+/A2 ratings to the bank facilities of Mahalakshmi Infraprojects
Limited (earlier named as Mahalaxmi Construction Corporation Limited); assigns stable
outlook; rated amount enhanced
March 27, 2010 ICRA withdraws rating assigned to the Purchaser Payouts under ABS programme of
March 27, 2010 ICRA withdraws rating assigned to the PTC Series B issued by Indian Loan
Securitisation Series 9 Trust 2008
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March 27, 2010 ICRA assigns A1+ (SO) to bank facilities of McCain Foods (India) Private Limited
March 26, 2010 ICRA reaffirms LBBB and A3+ ratings for bank facilities of Shyama Power (India)
March 26, 2010 ICRA revises the ratings for the bank facilities of ABI Showatech (India) Limited
March 26, 2010 ICRA assigns LBBB+ (Stable) rating to the bank facilities of Adisankara Spinning Mills
Private Limited
March 26, 2010 ICRA assigns LBBB-/A3 ratings to bank lines of Ayyappa Infra Projects Private Limited
March 26, 2010 ICRA assigns LBB rating to bank facilities of Balkrishna Textiles Private Limited
March 26, 2010 ICRA Assigns LBBB and A2 ratings to bank facilities of Brintons Carpets Asia Private
Limited
March 26, 2010 ICRA reaffirms LBBB- and A3 rating to the term loan and bank facilities of International
Seaports Haldia Private Limited; assigns stable outlook
March 26, 2010 ICRA re-affirms its long-term rating of LA- on LAP Ross Engineering Limited and
revises its short-term rating to A1 from A2+
March 26, 2010 ICRA revises the ratings for the bank facilities of Light Alloy Products Limited
March 26, 2010 ICRA assigns LB and A4 ratings to bank facilities of Phthalo Colours and Chemicals (I)
Limited
March 26, 2010 ICRA assigns LBBB+ (Stable) rating to the bank facilities of Prabhu Spinning Mills
Private Limited
March 26, 2010 ICRA Revises the rating of Reliance Securities Limited from A1+ (SO) to A1+
March 26, 2010 ICRA assigns an LBB+/A4+ rating to the working capital facilities of Rex-Tone
Industries Limited
March 26, 2010 ICRA assigns A4 rating to the bank lines of Seeds & Grains India Private Limited
March 26, 2010 ICRA re-affirms LAA-(SO) rating outstanding for Sistema Shyam Teleservices Limited’s
(erstwhile Shyam Telelink Limited) term loan programme
March 26, 2010 ICRA assigns LBBB+ (Stable) rating to the bank facilities of Sivaraj Spinning Mills
Private Limited
March 26, 2010 ICRA assigns Stable outlook on the LBBB- rating of bank facilities of SKM Animal
Feeds and Foods (India) Limited; re-affirms A3 ratings to the short term bank facilities
March 26, 2010 ICRA assigns A4 rating to the bank facilities of Sonal Gems
March 26, 2010 ICRA assigns LBBB+ (Stable) rating to the bank facilities of Sri Matha Spinning Mills
Private Limited
March 26, 2010 ICRA assigns LBBB+ (Stable) / A2+ ratings to the bank facilities of Sri Shanmugavel
March 26, 2010 ICRA assigns LBBB+ (Stable) rating to the bank facilities of Sri Velayudhaswamy
March 26, 2010 ICRA assigns LBBB+ (Stable) / A2+ ratings to the bank facilities of Sudhan Spinning
March 26, 2010 ICRA re-affirms A3 rating to the bank lines of Transglobal Securities Limited
March 26, 2010 ICRA assigns LBBB+ (Stable) rating to the bank facilities of Vedha Spinning Mills
Private Limited
March 26, 2010 ICRA reaffirms the A1+ rating for bank facilities of Turbo Energy Limited; withdraws the
LAA- rating
March 26, 2010 ICRA assigns LB+ and A4 ratings to bank facilities of Rana Sponge Limited
March 26, 2010 ICRA assigns LBB rating to term loan of Shri Govind Realty Private Limited; assigns
stable outlook
March 26, 2010 ICRA reaffirms LBB+ rating to bank limits of Alcon Resort Holdings Limited
March 26, 2010 ICRA assigns the highest credit quality rating to Barclays Investments & Loans (India)
Ltd’s enhanced short term debt programme
March 26, 2010 ICRA assigns LBB/A4 (Stable) ratings to the bank facilities of Asia Woven Sacks
Private Limited
March 26, 2010 ICRA reaffirms LBBB- and A3 ratings to bank facilities of Kenersys India Private
March 26, 2010 ICRA assigns LBB- rating to bank facilities of H. R. Charitable Trust – GSS Institute of
Technology; assigns stable outlook
March 26, 2010 ICRA assigns LB + rating to the bank facilities of The Community Centre
March 26, 2010 ICRA assigns LBBB-/A3 ratings to the bank facilities of Gini Tex Private Limited
March 26, 2010 ICRA assigns the rating LAAA(SO) with negative outlook to long term bank lines of ALD
Automotive Private Limited
March 25, 2010 ICRA assigns LBBB (Stable outlook) and A2 ratings to the bank facilities of Miraj
Products Private Limited
March 25, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Anglo-French Drugs &
Industries Limited
March 25, 2010 ICRA assigns LA+ rating to bank facilities of STUP Consultants Private Limited
March 25, 2010 ICRA reaffirms the A1 rating for bank facilities of Venus Jewel, rated amount enhanced
March 25, 2010 ICRA revises the ratings for bank line facilities of Ramkrishna Forgings Limited
March 25, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Oswal Arts Private Limited;
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March 25, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Oswal Arts Private Limited;
March 25, 2010 ICRA assigns LB+ rating to bank facilities of Oswal Traders and Travels Private Limited
March 25, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Venus Cotsyn (India) Limited
March 25, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Bling Telecom Private Limited:
March 25, 2010 ICRA assigns LBB/A4 ratings for bank facilities of Veejay Syntex Pvt Ltd
March 25, 2010 ICRA assigns LBBB- and A3 ratings to the bank facilities of Brijbasi Art Press Limited;
March 25, 2010 ICRA downgrades the rating assigned to the bank facilities of Hari Infrastructure Private
Limited (HIPL)
March 25, 2010 ICRA revises the rating for bank facilities of Nagar Kopargaon Infrastructure Private
Limited from LB+ to LB-
March 25, 2010 ICRA revises the rating for bank facilities of Ram Infrastructure Limited from LB+ to LB-
March 25, 2010 ICRA revises the rating for bank facilities of Pranjal Infrastructure Private Limited from
LB+ to LB-
March 25, 2010 ICRA assigns LA+ and A1+ ratings to bank facilities of Jayshree Tea & Industries
Limited
March 25, 2010 ICRA assigns LBBB (Stable) and A3+ ratings to enhanced bank facilities of Piramal
Glass Limited
March 25, 2010 ICRA revises downwards the long-term rating of SAL Steel Ltd to LB from LBB;
reaffirms the short-term rating of A4
March 25, 2010 ICRA assigns A1+ rating to Karvy Stock Broking Limited’s Short Term Debt programme
March 25, 2010 ICRA assigns LB+ rating to the bank facilities of Shree Venkatesh Multiservices Private
Limited
March 25, 2010 ICRA assigns LBB+ rating to the bank facilities of Flora Marmo Industries Private
Limited
March 25, 2010 ICRA re-affirms A4+ rating to the bank lines of B. Vijaykumar & Co
March 25, 2010 ICRA withdraws rating assigned to the Fixed Deposit Programme of Bata India Limited
March 23, 2010 ICRA assigns A1+ rating to the commercial paper programme of Aptech Limited
March 23, 2010 ICRA assigns LBBB and A2 ratings to bank lines of Adani Gas Limited
March 23, 2010 ICRA reaffirms LBBB- (Stable)/ A3 ratings to the bank facilities of Balmukund Sponge &
Iron Limited
March 23, 2010 ICRA assigns LBB/A4 rating to the bank lines of Chakradhar Chemicals Pvt Ltd
March 23, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Krishna Traders
March 23, 2010 ICRA assigns LBB (Stable outlook) and A4 ratings to the bank facilities of Mohan
Meakin Limited
March 23, 2010 ICRA reaffirms the A4 rating for bank facilities of Gem Star Company Private Limited,
rated amount enhanced
March 22, 2010 Several challenges remain for private sector IPPs, despite a positive demand outlook
March 22, 2010 ICRA revises the long term ratings for bank facilities of JCT Limited, rated amount
enhanced
March 22, 2010 ICRA assigns LBB and A4 ratings to bank facilities of N. K. Proteins Limited
March 22, 2010 ICRA reaffirms LBBB rating to term loan of Navayuga Bengalooru Tollways Private
March 22, 2010 ICRA assigns LBBB- (stable) rating to bank facilities of Pantaloon Industries Limited
March 22, 2010 ICRA assigns rating to enhanced bank facilities of Tata Metaliks Kubota Pipes Ltd;
revises earlier rating
March 22, 2010 ICRA assigns LBBB- (stable) rating to bank facilities of PFH Entertainment Limited
March 22, 2010 ICRA reaffirms the A2+ rating for CP / Short term debt programme of Liberty Shoes
Limited
March 22, 2010 ICRA assigns conditional A1(SO) rating to payouts backed by a micro-finance loan pool
Loan Pool Direct Assignment –March 2010 II
March 22, 2010 ICRA assigns conditional A1(SO) rating to payouts backed by a micro-finance loan pool
Loan Pool Direct Assignment –March 2010
March 22, 2010 ICRA assigns LBB+ and A4+ ratings to bank lines of GCL India Private Limited; assigns
stable outlook
March 22, 2010 ICRA assigns LBB+/A4+ ratings for bank facilities of Maestro Fashions
March 22, 2010 ICRA assigns LB rating to the bank facilities of Regent Beers and Wines Limited
March 22, 2010 ICRA assigns LBB(stable) and A4 rating to the bank lines of D R Exports International
March 22, 2010 ICRA assigns LB+/A4 ratings to the bank lines of Siti energy Limited
March 20, 2010 ICRA assigns LBB and A4 rating to the bank lines of Swagat Synthetic Private Limited
March 20, 2010 ICRA revises the rating for bank facilities of Gem Star Company, rated amount
enhanced
March 20, 2010 ICRA assigns LBBB/ A2 rating to bank facilities of RT Outsourcing Services Limited;
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March 20, 2010 ICRA assigns an LBBB+ (Stable) and A2+ rating to the bank facilities of KAEFER Punj
Lloyd Limited
March 20, 2010 ICRA assigns A4 rating to bank facilities of GS Developers and Contractors Private
Limited
March 20, 2010 ICRA upgrades the rating of the fund based limits/ Long term debt programme of
Dwarikesh Sugar Industries Limited to LBBB with stable outlook
March 20, 2010 ICRA upgrades long term ratings of Global Trade Finance Limited; transfers ratings of
SBI Factors to GTF following the merger
March 20, 2010 ICRA assigns LBBB-/ A3 ratings to the bank facilities of Bill Forge Private Limited
March 20, 2010 ICRA reaffirms LBB-/A4 ratings to the bank lines of Bansal Precision Forge Limited
March 20, 2010 ICRA reaffirms LBB and A4 ratings to the bank limits of Rashi Granite Exports India
Private Limited
March 20, 2010 ICRA assigns LBBB-/A3 ratings to the bank facilities of Raaja Magnetics Limited
March 20, 2010 ICRA assigns LBB rating to the bank facilities of Neogal Power Company Private
Limited
March 20, 2010 ICRA assigns LBB rating to the bank facilities of Luni Power Company Private Limited
March 20, 2010 ICRA reaffirms the LA-(SO) rating for bank facilities of Sri Harini Textiles Limited;
revises the short-term rating from A2+(SO) to A1(SO)
March 20, 2010 ICRA upgrades the short term rating and reaffirms the long term rating of Ramco
Industries Limited
March 20, 2010 ICRA assigns A4 rating to bank facilities of GSP International
March 20, 2010 Withdrawal of ICRA rating of LAA+ for Rs.1,000 million long term loans, A1+ for Rs.
750 million short term loans and Rs. 250 million non-convertible debenture programme
of Exide Industries Limited
March 20, 2010 ICRA withdraws the rating assigned to the Non-Convertible Debenture Programme of
OCL Iron and Steel Limited
March 19, 2010 ICRA assigns LBBB (Stable) rating to bank facilities of GF Toll Road Private Limited
(GFTRPL)
March 19, 2010 ICRA assigns LBB+ rating to bank facilities of Abir Infrastructure Private Limited;
March 19, 2010 ICRA assigns LBB+ rating to the bank facilities of Bengal Shrachi Housing Development
Limited
March 19, 2010 ICRA assigns LAA rating with stable outlook to the various debt programmes of Kotak
Mahindra Prime Limited
March 19, 2010 ICRA reaffirms LBBB- and A3 ratings to bank facilities of La Gajjar Machineries Private
March 19, 2010 ICRA assigns LBB-/A4 ratings to the bank lines of Laxmi Solvex
March 19, 2010 ICRA assigns A4 rating to bank facilities of Marwar Carpets International
March 19, 2010 ICRA assigns LBB / A4 ratings to the bank facilities of Raju Spinning Mills Private
Limited
March 19, 2010 ICRA revises LBB+ ratings to LB+ for bank facilities of Sri Anjaneya Agrotech Private
Limited
March 19, 2010 ICRA assigns LBBB- rating to the bank facilities of Vishwanath Sugars Limited
March 18, 2010 ICRA withdraws ratings assigned to the PTCs under Loan Securitisation programmes of
JM Financial Products Private Limited
March 18, 2010 ICRA assigns LBBB-/A3 rating to the bank facilities of Cosmas Pharmacls Limited
March 18, 2010 ICRA assigns A4+ rating to the enhanced short term bank lines of Shilpa Stock Brokers
Private Limited; reaffirms LBB+ rating on long term bank lines
March 18, 2010 ICRA assigns LBB rating to bank facilities of Magneti Marelli SKH Exhaust Systems
Private Limited
March 18, 2010 ICRA assigns LBB- (stable) and A4 ratings to bank facilities of Fashion Global Retail
Limited
March 18, 2010 ICRA reaffirms the A2 rating for bank facilities of K P Sanghvi & Sons
March 18, 2010 ICRA assigns LBB rating to the bank facilities of Sunalco Alloys Private Limited
March 18, 2010 ICRA reaffirms the LBBB+ rating for bank facilities of Kurlon Limited
March 18, 2010 ICRA assigns LBB+ rating to bank facilities of Wave Hospitality Private Limited
March 18, 2010 ICRA assigns an A4 rating to the bank facilities of Mahesh Agri Exim Private Limited
March 18, 2010 ICRA assigns LBB- rating to the bank facilities of Alliance Palms Developers and
Constructions Private Limited; assigns stable outlook
March 18, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Neva Garments Limited
March 18, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Jagannath Sponge Private
Limited
March 18, 2010 ICRA assigns LBBB-/A3 ratings to the bank facilities of United Telecoms Limited
March 17, 2010 ICRA upgrades the long term rating for bank facilities of Bata India Limited, reaffirms
short term rating
March 17, 2010 ICRA assigns LBB rating to the term loan programme of Coastal Energen Private
Limited
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Limited
March 17, 2010 ICRA reaffirms LA- and A2+ ratings for bank facilities of ECE Industries Limited
March 17, 2010 ICRA assigns A4 rating to the bank facilities of Enfield Gems & Jewellery Limited
March 17, 2010 ICRA assigns highest credit quality rating to Export-Import Bank of India’s Long Term
debt programme
March 17, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Gokak Textiles Limited
March 17, 2010 ICRA reaffirms LBBB (Stable)/ A2 ratings to the bank facilities of Hitesh Plastics Private
Limited
March 17, 2010 ICRA revises the ratings assigned to bank limits of Indu Projects Limited
March 17, 2010 ICRA assigns LA and A1 ratings to bank facilities of Jocil Limited
March 17, 2010 ICRA assigns LB+ and A4 ratings to bank facilities of K.P.Garments Private Limited
March 17, 2010 ICRA revises the rating of bank facilities of Khimji Visram & Sons (Commission
Department) to A3.
March 17, 2010 ICRA assigns LBBB- rating to the bank limits of P.D. Agarwal Infrastructure Limited
March 17, 2010 ICRA downgrades ratings assigned to the bank facilities of Permanent Magnets Limited;
assigns Stable outlook
March 17, 2010 ICRA reaffirms LBB+ rating to the bank limits of Pipavav Railway Corporation Limited
March 17, 2010 ICRA assigns LBBB rating to the term loan facilities of Seven Island Shipping Limited
March 17, 2010 ICRA reaffirms LBBB+ (Stable)/ A2+ ratings to the bank facilities of Sunrise Containers
Limited
March 16, 2010 ICRA reaffirms LBBB and A2 ratings assigned to the bank limits of Arkay Energy
(Rameswaram) Limited
March 16, 2010 ICRA reaffirms the rating assigned to the long term loans of Dharamshala Hydro Power
Limited (DHPL)
March 16, 2010 ICRA assigns A1+ rating to short term debt/ commercial paper programme of Dr.
Reddy’s Laboratories Limited
March 16, 2010 ICRA revises rating to the bank limits of Ind Bharath Energies (Maharashtra) Limited
Limited from LBBB- to LB
March 16, 2010 ICRA revises rating to the bank limits of Ind Bharath Energies (Thoothukkudi) Limited
from LBBB- to LB
March 16, 2010 ICRA reaffirms the rating assigned to the bank lines of long term loans of Ind Bharath
Energies Limited (IBEL).
March 16, 2010 ICRA revises the rating assigned to the long term loans of NATL Power Limited (NATL)
March 16, 2010 ICRA assigns ratings to bank facilities of Rajshri Packagers Limited
March 16, 2010 ICRA reaffirms A1+ (SO) rating for the enhanced bank facilities of Sudhir Power
Projects Private Limited
March 16, 2010 ICRA assigns LAA- rating with positive outlook to the Rs. 5 billion (enhanced from Rs.
4.50 billion) Upper Tier II bonds of UCO Bank
March 16, 2010 ICRA reaffirms LBBB- rating assigned to the bank limits of Raghu Rama Renewable
Energy Limited
March 16, 2010 ICRA assigns LBB+ rating to the bank facilities of Premier Car Sales Limited
March 15, 2010 ICRA reaffirms A1+ rating for bank facilities of Zodiac Clothing Company Limited;
assigns A1+ rating to its commercial paper programme
March 15, 2010 ICRA assigns LBB rating to the bank facilities of Blue Bird Arts Manufacturing Private
Limited
March 15, 2010 ICRA assigns mfAAA(SO) to ICICI prudential Capital Protection Oriented Fund – Series
I to V
March 15, 2010 ICRA assigns LBBB+ and A2+ ratings to bank facilities of Kenzo International
March 15, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Okaya Power Limited
March 15, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Richa & Co.; assigns stable
outlook
March 15, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Richa Global Exports Private
March 15, 2010 ICRA revises the long term rating for bank facilities of Garg Acrylics Limited and
assigns A3 rating to bank facilities of Garg Acrylics Limited; assigns stable outlook
March 15, 2010 ICRA reaffirms the LBB+ rating for bank facilities of Garg Furnace Limited and assigns
A4+ rating to bank facilities of Garg Furnace Limited; assigns stable outlook
March 15, 2010 ICRA assigns LB-/A4 rating to bank limits of Bhurji Supertek Industries Limited.
March 15, 2010 ICRA assigns A1 rating to Angel Global Capital Private Limited’s Short Term Debt
programme
March 15, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of India Exposition Mart Limited
March 15, 2010 ICRA revises the ratings for bank facilities of Pricol Limited to LBBB-/A3, rated amount
enhanced; stable outlook assigned
March 15, 2010 ICRA has reaffirmed A1+ rating for the enhanced Rs. 5 billion Commercial Paper (CP)/
Short-Term Debt (STD) Programme of HCL Infosystems Limited (HCL)
March 15, 2010 ICRA assigns mfA1+ rating to Edelweiss Short Term Bond Fund
March 15, 2010 ICRA assigns LBB-/A4 ratings to the bank facilities of SPR Group Holdings Private
Limited
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Limited
March 15, 2010 ICRA assigns LBB- rating to the bank facilities of Chamundi Distilleries Private Limited
March 15, 2010 ICRA reaffirms LA - and A1 ratings to the bank lines of Saraswati Sugar Mills Limited
(SSML)
March 15, 2010 ICRA upgrades the long-term of rating to LAA- from LA+ and reaffirms its A1+
short-term rating assigned to Saraswati Industrial Syndicate Limited (SISL)
March 12, 2010 ICRA assigns LBB+/A4+ ratings to the bank facilities of Prerana Motors Private Limited
March 12, 2010 ICRA assigns LB+ rating to the term loans of Saraf Agencies Private Limited
March 12, 2010 ICRA assigns A1+ rating to Canara Bank’s Rs. 350 billion enhanced (from Rs. 300
March 12, 2010 ICRA assigns LBBB-/A3 ratings to the bank facilities of Vinir Engineering Private
Limited
March 12, 2010 ICRA reaffirms ratings assigned to senior PTCs under MBS programme of Sundaram
BNP Paribas Home Finance Limited
March 12, 2010 ICRA assigns LBBB- rating to the enhanced bank facilities of Capricorn Food Products
India Limited
March 12, 2010 ICRA assigns conditional A1+(SO) rating to payouts backed by a micro-finance loan
pool originated by SKS Microfinance Limited SKS Microfinance Loan Pool Direct
Assignment – February 2010
March 12, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Singhi Cables & Conductors
Private Limited
March 11, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Win-Power Marketing Private
Limited
March 11, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Win-Power Marketing Private
Limited
March 11, 2010 ICRA reaffirms the LBB+ rating for the bank facilities of Rathi Special Steels Limited;
March 11, 2010 ICRA assigns LB/A4 ratings to the bank facilities of C.K. Infrastructures Limited
March 11, 2010 ICRA reaffirms LBBB and A3+ ratings assigned to the bank limits of HPL Socomec
Private Limited
March 11, 2010 ICRA reaffirms LBB+ and A4+ rating for the enhanced working capital facilities of Auro
Gold Jewellery Private Limited; assings stable outlook to long term rating
March 11, 2010 ICRA assigns LBBB rating to the Rs. 50 million fund based limits & Rs. 300 million
non-fund based limits of Keltech Energies Limited
March 11, 2010 ICRA upgrades rating assigned to bank facilities of Madhucon Projects Limited from LA
to LA+; also assign short term rating of A1 for its CP/STD programme
March 11, 2010 ICRA reaffirms rating assigned to senior PTCs under MBS programme of Canfin
Homes Limited
March 11, 2010 ICRA assigns LBB/A4 ratings to the bank lines of Acropetal Technologies Limited
March 11, 2010 ICRA assigns LB rating to bank facilities of Aptus Biosciences Private Limited
March 11, 2010 ICRA assigns LBBB+ and A2 ratings to bank lines of Bhaskar Prakashan Private
Limited
March 11, 2010 ICRA assigns LBBB+ and A2 ratings to bank lines of Bhaskar Prakashan Private
Limited
March 11, 2010 ICRA upgrades the ratings of bank facilities of Vetnex Animal Health Limited to
LAA/A1+; assigns Stable outlook
March 10, 2010 ICRA assigns LBB/ A4 ratings to the bank limits of Wellcome Fisheries Limited
March 10, 2010 ICRA reaffirms the LAA and A1+ ratings for bank facilities and commercial paper of
CMC Limited; assigns stable outlook
March 10, 2010 ICRA assigns LBB (stable) / A4 ratings to the bank facilities of Shri T.P.Textiles Private
Limited
March 10, 2010 ICRA reaffirms LBBB rating of the bank facilities of Sahyadri Starch & Industries
March 10, 2010 ICRA assigns LB/A4 ratings to the bank facilities of Bajaj Kagaj Limited
March 10, 2010 ICRA reaffirms the LBB+ and A4+ ratings for bank facilities of Zenith Exports Limited
March 10, 2010 ICRA reaffirms the LBBB and A3+ ratings for bank facilities of Gora Mal Hari Ram
Limited
March 10, 2010 ICRA assigns LBB+ rating to the bank facilities of Dixcy Textiles Private Limited
March 10, 2010 ICRA reaffirms LBB+ and A4+ ratings of bank facilities of Expanded Polymer Systems
Private Limited, rated amount enhanced
March 10, 2010 ICRA assigns LB and A4 rating to the working capital facilities of Prateek Apparels
Private Limited
March 10, 2010 ICRA assigns LBB (Stable) rating to the bank facilities of Forum Infrastructure Pvt.
Limited
March 10, 2010 ICRA assigns LBB (Stable) rating to the bank facilities of Forum Riviera Construction
Pvt. Limited
March 10, 2010 ICRA assigns LBB- (negative) rating to the term loans of Heilgers Development and
Construction Company Private Limited
March 10, 2010 ICRA assigns LBB+ (stable) rating to the bank facilities of Forum Shopping Mall Pvt.
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March 10, 2010 ICRA assigns LBB+ (stable) rating to the bank facilities of Forum Shopping Mall Pvt.
Limited
March 10, 2010 ICRA assigns LBB+(stable) rating to the term loans of Forum Project Holdings Private
Limited.
March 10, 2010 ICRA assigns LBB+(stable) rating to the term loans of Forum Project Holdings Private
Limited.
March 10, 2010 ICRA assigns LBB/A4 rating to the bank lines of Bohra Industries Limited
March 10, 2010 ICRA assigns A4 ratings for bank facilities of Mydeen Timbers
March 10, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Balprada Hotels and Hospitality
Services Private Limited; assigns stable outlook
March 10, 2010 ICRA assigns LBB and A4 ratings to bank facilities of JMD Limited; assigns stable
outlook
March 10, 2010 ICRA assigns LBB+ rating to the bank facilities of Kanishk Gold Private Limited
March 10, 2010 ICRA revises upwards the ratings of Jayaswal Neco Industries Limited
March 10, 2010 ICRA assigns LBB- and A4 ratings to the bank limits of Shree Swastic Sales
Corporation Private Limited
March 10, 2010 ICRA assigns LBBB+(SO) rating for the bank facilities of GMR Projects Private Limited;
withdraws earlier rating of LBBB
March 9, 2010 ICRA Release an Update on the Performance of MBS Pools
March 9, 2010 ICRA assigns LB+ rating to Bank Limits of Soham Mannapitlu Power Private Limited
March 9, 2010 ICRA assigns LBB+/A4+ ratings to Bank Limits of Ambuthirtha Power Private Limited
March 9, 2010 ICRA reaffirms A1+ rating for bank limits of Shree Renuka Sugars for enhanced
amount, rating continues to be on watch with negative implications.
March 9, 2010 ICRA assigns LAA to the Perpetual Bonds Programme of IDBI Bank
March 9, 2010 ICRA re-affirms A1+ rating for ShareKhan Limited’s Short Term Debt programme
March 9, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Jindal Texofab Limited; assigns
stable outlook
March 9, 2010 ICRA withdraws ratings assigned to Purchaser Payouts backed by loan pool originated
by Sundaram Finance Limited
March 8, 2010 ICRA assigns LBB+ (stable) and A4+ ratings to bank facilities of IDT Clothing Private
Limited
March 8, 2010 ICRA reaffirms the LBBB rating for bank facilities of Flowmore Limited
March 8, 2010 ICRA has assigned an IPO Grade 2 to the proposed IPO of Goenka Diamond & Jewels
Limited
March 8, 2010 ICRA assign LBB+ (Stable) rating to the bank facilities of Bharat Motors limited
March 8, 2010 ICRA revises ratings assigned to the bank lines of Transpek Industry Limited
March 8, 2010 ICRA reaffirms LA / A1+ ratings to the bank lines of Reliance Power Limited, rated
amount enhanced
March 8, 2010 ICRA reaffirms the LA and A1 ratings assigned for bank facilities of Sudarshan
Chemicals Industries Limited, rated amount enhanced
March 6, 2010 ICRA reaffirms LAAA rating to the outstanding subordinated bonds programme, MAAA
rating to the Fixed Deposits programme and A1+ rating to the Certificates of Deposits
Programme of Punjab National Bank
March 6, 2010 ICRA assigns LA-(SO) ratings to the bank lines of Siva Compulink Limited
March 6, 2010 ICRA assigns A2 rating to the bank facilities of United Tele Links (Bangalore) Limited
March 6, 2010 ICRA reaffirms LBB+ / A4+ ratings to bank lines of Gupta Equities Private Limited
March 6, 2010 ICRA assigns LBBB and A2 ratings to bank facilities of Forech India Limited
March 6, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of McML Systems Private Limited;
March 6, 2010 ICRA places ratings of Essar Telecom Infrastructure Private Limited (ETIPL) on Rating
Watch with Positive Implications
March 6, 2010 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of Electromech Material
Handling Systems (India) Private Limited; assigns stable outlook
March 6, 2010 ICRA assigns LBB+ (stable) and A4+ ratings to bank facilities of Donear Industries
Limited
March 6, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Unimed Healthcare Private
Limited: assigns stable outlook
March 6, 2010 ICRA assign LBBB-/A3 ratings to enhanced bank lines of Dimensional Securities
Private Limited
March 5, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Ganpati Petrochemicals;
March 5, 2010 ICRA assigns an LBB rating to the bank facilities of Viraj Projects (India) Private Limited
(VPL); assigns stable outlook
March 5, 2010 ICRA assigns highest credit quality rating to the long term borrowing programme of
Power Finance Corporation Limited; re-affirms the ratings assigned earlier
March 5, 2010 ICRA upgrades the ratings for bank facilities of Empire Industries Limited
March 5, 2010 ICRA assigns A2+ rating to the bank facilities of Sutures India Private Limited
March 5, 2010 ICRA reaffirms the Issuer Rating IrA-, the LA- rating for the NCD program and the
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March 5, 2010 ICRA reaffirms the Issuer Rating IrA-, the LA- rating for the NCD program and the
LA-(SO) rating for bank facilities of Siva Ventures Limited; assigns stable outlook
March 5, 2010 ICRA reaffirms the Issuer Rating IrA-, and the LA- rating for the NCD program of Siva
Industries and Holdings Limited (erstwhile Sterling Infotech Limited); assigns stable
outlook
March 5, 2010 ICRA upgrades the short term rating assigned to the bank facilities of Indian Furniture
Products Limited; re-affirms long term rating at LA+(SO) with a stable outlook
March 5, 2010 ICRA upgrades the short term rating assigned to the bank limits of Simon India Limited
to A1+ (SO); reaffirms long term rating at LA+; assigns stable outlook
March 5, 2010 ICRA assigns LBB(Stable) rating to the bank lines of International Loha Bhandar Private
Limited
March 5, 2010 ICRA re-affirms LA-/A1 ratings to bank facilities of The Andhra Sugars Limited
March 5, 2010 ICRA reaffirms the LAA+ (stable outlook) / A1+ rating for Barclays Investments & Loans
(India) Ltd’s debt programme
March 5, 2010 ICRA Withdraws Ratings Assigned To the Bank Facilities of D.S. Alloys Private Limited
March 5, 2010 ICRA revises the ratings for the bank limits of Anand Nishikawa Company Limited
March 4, 2010 ICRA assigns highest credit quality rating to Reliance Home Finance Private Limited’s
March 4, 2010 ICRA assigns conditional ratings to the Pass Through Certificates under loan
March 4, 2010 ICRA re-affirms LBBB/A3+ ratings to bank facilities of Premier Explosives Limited;
assigns positive outlook
March 4, 2010 ICRA assigns a LB+ rating to the bank facilities of Kashmir Apiaries Exports
March 4, 2010 ICRA reaffirms the LA- rating for bank facilities of Sundaram Brake Linings Limited;
revises the short-term rating from A2+ to A1
March 4, 2010 ICRA revises the ratings for bank facilities of Jagatjit Industries Limited, assigns
negative outlook; ICRA reaffirms MA- rating to the fixed deposit programme
March 4, 2010 ICRA assigns LBBB- and A3 ratings to the bank facilities of Alupro Building Systems
Private Limited
March 4, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Dwarkadhis Projects Private
Limited
March 3, 2010 ICRA assigns A4 rating to the bank facilities of P.P. Products Private Limited
March 3, 2010 ICRA assigns LBB- and A4 ratings to the bank facilities of Kamdhenu Polymers Private
Limited
March 3, 2010 ICRA assigns A4 rating to the bank facilities of Tarajyot Polymers Limited
March 3, 2010 ICRA assigns LBB+/Stable rating to the bank facilities of Devgiri Exports
March 3, 2010 ICRA assigns LBB+/Stable rating to the bank facilities of ABC Industries
March 3, 2010 ICRA assigns LBBB rating to the bank facilities of Kilburn Engineering Limited
March 3, 2010 ICRA reaffirms the LA-/A1 ratings for Optionally Convertible Debentures and enhanced
bank facilities of L G Balakrishnan & Bros Limited; stable outlook assigned
March 3, 2010 ICRA assigns LAA+(stable) ratings with stable outlook to the Rs 2 billion subordinated
debt programme and Rs 3.50 billion Non convertible debenture programme of Bajaj Auto
Finance Limited reaffirms ratings assigned earlier, assigns stable outlook
March 3, 2010 ICRA reaffirms LA/ A1 rating for bank facilities of Super Religare Laboratories Limited;
March 3, 2010 ICRA reaffirms the A4+ rating for bank facilities of Gem Manufacturing India Private
Limited
March 3, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Spark Electrodes Private Limited
March 3, 2010 ICRA assigns an LA+ (Stable) rating to the enhanced bank limits of ABP Private
Limited; reaffirms bank line ratings
March 3, 2010 ICRA assigns issuer rating at IrA and long term rating at LA on proposed bond issue of
West Bengal State Electricity Transmission Company Limited
March 3, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of SRS Limited
March 3, 2010 ICRA withdraws ‘LA-’ rating assigned to the long term debt programme of Karvy
Consultants Ltd
March 3, 2010 ICRA withdraws ‘LA-’ rating assigned to the long term debt programme of Karvy Stock
Broking Ltd
March 2, 2010 ICRA reaffirms the A3 rating for bank facilities of Keshri Export
March 2, 2010 ICRA assigns LBBB- rating to bank lines of Punjab Retail Private Limited
March 2, 2010 ICRA assigns LBBB- and A3 ratings to the bank facilities of Octamec Engineering
Limited
March 2, 2010 ICRA assigns LBB- rating to the fund based limits and A4 rating to the non fund based
limits of Rajasthan Cables & Conductors Private Limited
March 2, 2010 ICRA assigns LBB (stable)/A4 ratings to the bank facilities of Sri Jayarama Automotives
Private Limited
March 2, 2010 ICRA revises the rating for bank facilities of JKM Infra Projects Private Limited
March 2, 2010 ICRA assigns LBBB- and A3 ratings for bank facilities of Karamtara Fasteners Private
Limited
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March 2, 2010 ICRA assigns LA- rating to the bank limits of Sealion Sparkle Port & Terminal Services
(Dahej) Limited
March 2, 2010 ICRA reaffirms LA+/A1 ratings for the bank limits of Ocean Sparkle Limited
March 2, 2010 ICRA reaffirms LA- rating for the bank limits of Sealion Sparkle Maritime Services
Limited
March 2, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Prabhu Dayal Kanojiya
March 2, 2010 ICRA reaffirms the LBB and A4 ratings for bank facilities of K.S. Commodities Private
Limited
March 2, 2010 ICRA revises the rating for bank facilities of Sri Venkata Sai Educational Society
March 2, 2010 ICRA assigns LBB+/A4+ ratings to the bank facilities of Mahavir Rolling Mill Limited
March 2, 2010 ICRA revises the ratings assigned to Rubamin Limited’s bank lines
February 26, 2010 ICRA has assigned an IPO Grade 2 to the proposed IPO of Pradip Overseas Limited
February 26, 2010 ICRA assigns LA+ (Stable) & A1+ ratings to Bharat Forge Limited
February 26, 2010 ICRA reaffirms LBBB+ and LBBB ratings for bank facilities of The Dhamra Port
Company Limited, assigns stable outlook on the ratings
February 26, 2010 ICRA takes note of proposed investment by the holding company of Religare Securities
Limited
February 26, 2010 ICRA takes note of proposed investment by the holding company of Religare Finvest
Limited
February 26, 2010 Banco Products (India) Limited
February 26, 2010 ICRA downgrades RBS Financial Services (India) Private Ltd’s (formerly known as on
ABN AMRO Securities (India) Private Ltd) long term rating from LAAA (on rating watch
negative implications) to LAA with stable outlook; reaffirms short term ratingT
February 26, 2010 ICRA assigns LBBB- and A3 ratings to bank limits of Emson Tools Manufacturing
Corporation Limited; assigns stable outlook
February 26, 2010 ICRA assigns LBBB/A2 ratings to the bank limits of V. B. Medicare Private Limited
February 26, 2010 ICRA assigns LBBB (Stable)/A3+ rating to bank facilities of Astral Pharmaceutical
Industries
February 26, 2010 ICRA assigns LBB+ and A4+ ratings to bank limits of SBEC Projects Private Limited;
February 26, 2010 ICRA assigns an A1+ rating for enhanced bank facilities of Oriental Hotel Limited; stable
outlook assigned on the long term and medium term ratings
February 26, 2010 ICRA reaffirms the A3 rating to the bank facilities of Creation Jewellery Manufacturing
Private Limited
February 26, 2010 ICRA assigns LBBB+ and A2+ ratings to the bank facilities of Neutral Glass & Allied
Industries Private Limited
February 26, 2010 ICRA assigns LBB and A4 ratings to bank facilities of S. A. Iron and Alloys Limited;
February 26, 2010 ICRA assigns high credit quality rating to the enhanced bank lines of IDBI Home
Finance Limited
February 26, 2010 ICRA assigns LBB rating to bank facilities of Innmar Tourism and Hotels Private Limited
February 26, 2010 ICRA withdraws ratings assigned to the PTCs under Loan Securitisation programmes of
AXIS Bank Limited.
February 26, 2010 ICRA withdraws ratings assigned to the PTCs Loan Securitisation programmes of
Hongkong and Shanghai Banking Corporation Ltd.
JM Financial Products Pvt. Ltd.
YES Bank Limited
February 26, 2010 ICRA withdraws ratings assigned to Senior PTC Series A1 backed by loans receivables
under the ABS programme originated by Tata Motors Limited.
February 26, 2010 ICRA withdraws ratings assigned to Purchaser Payouts backed by loans receivables
under the ABS programme originated by Tata Motors Limited.
February 26, 2010 ICRA assigns LBBB rating with stable outlook to the Rs. 250 million bank limits of Bajaj
Capital Limited
February 25, 2010 ICRA upgrades the short term rating assigned to the bank lines and CP programme of
Zuari Industries Limited (ZIL) to A1+; reaffirms long term rating at LA+
February 25, 2010 ICRA reaffirms LBB+ and A4+ ratings for bank facilities of Sunland Metal Recycling
Industries
February 25, 2010 ICRA assigns high-credit-quality rating to the Lower Tier II bonds, Upper Tier II bonds
and IPDI of UCO bank
February 25, 2010 ICRA reaffirms iAAA rating to claims paying ability of SBI Life Insurance Company
Limited
February 25, 2010 ICRA reaffirms LBB+ ratings for bank facilities of Sunland Alloys
February 25, 2010 ICRA assigns LBBB-/A3 ratings to the bank lines of Ravalgaon Sugar Farm Limited
February 25, 2010 ICRA reaffirms ratings assigned to senior PTCs/ acquirer payouts backed by three
mortgage loan pools of Housing Development Finance Corporation Limited (HDFC)
February 25, 2010 ICRA assigns LBB+ to the bank facilities of City Realty & Development Private Limited
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February 25, 2010 ICRA assigns an A4+ rating to Rs. 120.0 million working capital facilities of A. S.
Enterprise
February 25, 2010 ICRA re-affirms LBBB and A2 ratings to the enhanced bank facilities of Lipi Data
Systems Limited, assigns stable outlook
February 25, 2010 ICRA withdraws ratings assigned to Senior PTC Series A11 backed by loan receivables
assigned by Kotak Mahindra Prime Limited
February 25, 2010 ICRA assigns LBB+ and A4+ ratings to the bank facilities of Kohinoor Planet
Constructions Private Limited
February 25, 2010 ICRA assigns LBB rating to the bank facilities of Kohinoor Hospitals Private Limited
February 25, 2010 ICRA assigns LBB+ and A4+ ratings to the bank facilities of Ahmedabad Strips Private
Limited
February 25, 2010 ICRA reaffirms the fund based/non fund based limits ratings of Deepak Cables (India)
Limited at LBBB+/A2
February 25, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Barflex Polyfilms Pvt. Ltd.
February 25, 2010 ICRA withdraws ratings assigned to the PTCs under ABS programmes of ICICI Bank
Limited
February 25, 2010 ICRA withdraws ratings assigned to the PTCs under Loan Securitisation programmes
originated by Kotak Mahindra Bank Limited.
February 25, 2010 ICRA withdraws ratings assigned to the PTCs under Loan Securitisation programme
originated by Bank of America.
February 25, 2010 ICRA assigns LB/A4 ratings to the bank facilities of Accelerated Freeze Drying
Company Limited
February 25, 2010 ICRA withdraws ratings assigned to the Non-Convertible Debenture/ Long-Term Debt
Programme and Commercial Paper programme of Indian Metals and Ferro Alloys
Limited
February 25, 2010 ICRA withdraws rating assigned to the term-loan Programme of Utkal Coal Limited
February 24, 2010 Indian Two-Wheeler Industry: Back on Growth Path
February 24, 2010 Indian Banking System: Q3/9M FY09-10: Performance Review & Outlook
February 24, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Saru International Private Limited
February 24, 2010 ICRA reaffirms LBB+/A4+ ratings for the bank facilities of Dhanuka Laboratories
February 24, 2010 ICRA assigns A2+ rating to the bank limits of Bioplus Life Sciences Private Limited
February 24, 2010 ICRA assigns LB/A4 ratings for bank facilities of Shri Ramalinga Mills Limited
February 24, 2010 ICRA assigns LB/A4 ratings for bank facilities of Aruppukottai Shri Ramalinga Spinners
Private Limited
February 24, 2010 ICRA assigns an LBBB rating to the bank limits of Iskrupa Mall Management Company
Private Limited
February 24, 2010 ICRA assigns LBBB- and A3 ratings to enhanced bank facilities of Geodesic
Techniques Private Limited
February 24, 2010 ICRA revises the long term rating for the bank facilities of Afcons Infrastructure Limited
and reaffirms the short term rating, rated amount enhanced
February 24, 2010 ICRA assigns A3 rating to bank facilities of Maharishi Ayurveda Products Private
Limited
February 24, 2010 ICRA assigns A4+ rating to bank facilities of ABC Leathers
February 24, 2010 ICRA assigns A3 rating to bank facilities of Gaurav International
February 23, 2010 ICRA assigns LBBB-/A3 ratings to the bank facilities of Nikhil Adhesives Limited
February 23, 2010 ICRA puts ratings of KBK Chem Engineering Private Limited on rating watch with
negative implications
February 23, 2010 ICRA assigns LBBB ratings to the bank facilities of Royal Infraconstru Limited
February 23, 2010 ICRA revises the ratings for bank facilities of Shah Brothers Ispat Private Limited
February 23, 2010 Brokerage Houses: Performance Update - Profitability declines in Q3FY10 on
sequential quarter basis; nevertheless better than Q3FY09
February 23, 2010 ICRA Assigns IPO Grade 1 to Proposed IPO of Sea TV Network Limited
February 23, 2010 ICRA places ratings of Bharti Airtel on Rating Watch with Negative Implications
February 23, 2010 ICRA assigns negative outlook to Long Term and Medium Term ratings of Deutsche
Postbank Home Finance Limited
February 23, 2010 ICRA assigns LBBB+ rating to the proposed Non Convertible debenture programme of
Share Microfin Limited
February 23, 2010 ICRA places LA+ and A1+ ratings assigned to the debt programmes of Shree Renuka
Sugars Limited (SRSL) under rating watch with negative implications
February 23, 2010 ICRA assigns LBB- (stable) rating to bank facilities of Glaze Garments (India) Limited
February 23, 2010 ICRA assigns an LBBB- rating to the bank lines of Ajay Industrial Corporation
February 23, 2010 ICRA revises the ratings for bank facilities of Agro Dutch Industries Limited
February 23, 2010 ICRA upgrades long-term rating of Balrampur Chini Mills Limited from LA+ to LAA-
February 23, 2010 ICRA reaffirms A4+ rating for bank facilities of Choudhary Garments (CG); withdraws
the long term rating for term loan facility of CG
February 23, 2010 ICRA revises the rating for bank facilities of Gujarat Tea Processors and Packers
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February 23, 2010 ICRA revises the rating for bank facilities of Gujarat Tea Processors and Packers
Limited; rated amount enhanced
February 23, 2010 ICRA reaffirms the ratings for bank facilities of Hira Power & Steels Limited
February 22, 2010 ICRA expects nutrient-based subsidy to have positive impact on credit profiles of
cost-efficient DAP/complex fertiliser companies in the long term
February 22, 2010 ICRA assigns LBBB+ (Stable)/A2 rating to the bank facilities of Luxmi Tea Company
Limited
February 22, 2010 ICRA assigns LBBB (Stable) rating to the bank facilities of ITP Limited
February 22, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Siddharth Colorchem Limited
February 22, 2010 ICRA reaffirms the A1 rating for CP / Short term debt programme of Arch Pharmalabs
February 22, 2010 ICRA revises the ratings for bank facilities of United Spirits Limited, rated amount
enhanced
February 22, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Sagar Automobiles Private
Limited
February 22, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Aksh Technologies Limited;
February 22, 2010 ICRA assigns LBBB-/A3 ratings to bank facilities of Fives Cail-KCP Limited
February 22, 2010 ICRA assigns A4+ rating to the bank facilities of Bola Raghavendra Kamath & Sons
February 22, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Shirani Automotive Private
Limited
February 20, 2010 ICRA assigns LBBB- (stable) rating to bank facilities of Notandas and Sons
February 20, 2010 ICRA revises the rating assigned to the bank limits of Tamil Nadu Electricity Board
February 20, 2010 ICRA assigns LBB rating to the bank facilities of Srini Food Park Private Limited
February 20, 2010 ICRA assigns an A4 rating to the bank limits of H Sherul & Company
February 20, 2010 ICRA assigns A4 rating to the bank facilities of Unique Ship Breaking Corporation
February 20, 2010 ICRA’s LAA/A1+ ratings on Mundra Port and Special Economic Zone Limited continue
to be on rating watch with developing implications
February 20, 2010 ICRA assigns LBB+ and A4+ ratings to bank lines of Prabhatam Advertising Private
Limited
February 20, 2010 ICRA retains the Construction Grading of CR2+ assigned to B. E. Billimoria & Company
Limited
February 20, 2010 ICRA suspends the ratings for bank facilities of Mahatma Education Society
February 19, 2010 ICRA assigns LBB/A4 ratings to the bank facilities of PLR Projects Private Limited
February 19, 2010 ICRA assigns Stable outlook on the LA+ rating of bank line facilities of Redington (India)
Limited, reaffirms A1+ ratings to the revised bank facilities
February 19, 2010 ICRA assigns LBBB-/Stable and A3 ratings to bank facilities of Tempsens Instruments
February 19, 2010 ICRA upgrades short-term debt/commercial paper programme of DLF Limited
February 19, 2010 ICRA assigns a rating of LBBB- and A3 to the Basel II lines of J.K. Associates
February 19, 2010 ICRA assigns LBB+/A4+ ratings to the bank facilities of Raj Rajendra Textile Exports
Limited
February 19, 2010 ICRA revises the ratings for the bank facilities of Bheema Cements Limited
February 19, 2010 ICRA assigns LA+ (SO)/A1+ (SO) rating to bank facilities of KBK Chem Engineering
Private Limited
February 19, 2010 ICRA assigns LBB+/A4+ ratings to the bank facilities of Bola Surendra Kamath & Sons
February 19, 2010 ICRA withdraws the rating assigned to the Fixed Deposit Programme of Sadbhav
Engineering Limited
February 18, 2010 ICRA revises the ratings assigned to bank facilities of Rama Newsprint and Papers
Limited; assigns negative outlook
February 18, 2010 ICRA reaffirms LBBB- and A3 ratings for bank facilities of Atul Auto Limited
February 18, 2010 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of Balajee Infratech and
Construction Private Limited
February 18, 2010 ICRA reaffirms the LBB+ and A4+ ratings for bank facilities of Quality Heightcon Private
Limited
February 18, 2010 ICRA reaffirms the LA+ and A1+ ratings for bank facilities of Ushodaya Enterprises
Private Limited
February 18, 2010 ICRA assigns LBB+ rating to the bank facilities of PAI International Electronics Limited
February 18, 2010 ICRA downgrades ratings of The Bank of Rajasthan Limited; Maintains negative outlook
February 18, 2010 ICRA assigns A2 rating to the enhanced bank lines of Bonanza Portfolio Limited
February 18, 2010 ICRA assigns A2 rating to the enhanced bank lines of Bonanza Commodity Brokers
Private Limited
February 18, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Indo Farm Equipment Limited
February 18, 2010 ICRA assigns LBB rating to bank lines of Richlook Garments Private Limited
February 18, 2010 ICRA assigns A4 ratings to bank lines of Overseas Carpets Limited
February 18, 2010 ICRA assigns A1+ rating to India Infoline Limited’s enhanced short term debt
programme
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programme
February 18, 2010 ICRA assigns A1+ rating to India Infoline Investment Services Ltd’s enhanced short
term debt programme
February 18, 2010 ICRA assigns LBB- rating to bank facilities of Shipra Hotels Limited; assigns stable
outlook
February 18, 2010 ICRA assigns LBB+ rating to the Rs. 40 million fund based limits of Bhuwalka Alloys
Private Limited
February 18, 2010 ICRA assigns LBB+ rating to the Rs 46.4 million Term loan and Rs. 40.0 million fund
based limits of Bhuwalka Castings & Forging Private Limited
February 18, 2010 ICRA assigns LBB+ rating to the Rs. 78.6 million fund based limits of Bhuwalka Sales
Corporation
February 18, 2010 ICRA assigns LBB+ rating to the Rs. 200 million fund based limits of Bhuwalka & Sons
Private Limited
February 18, 2010 ICRA assigns LBB+ rating to the Rs. 60 million fund based limits of Deccan Alloys
Private Limited
February 18, 2010 ICRA assigns LBB+ rating to the Rs. 53 million term loans and Rs. 100 million fund
based limits of Vishwakarma Refractories Private Limited
February 18, 2010 ICRA upgrades the long term rating assigned to the bank limits of FLSmidth Private
February 18, 2010 ICRA withdraws LAA-/A1+ ratings assigned to the bank limits of FLSmidth Minerals
Private Limited
February 17, 2010 ICRA assigns an IPO Grade 3 to proposed IPO of United Bank of India, indicating
average fundamentals
February 17, 2010 ICRA releases a summary update on the performance of ABS pools
February 17, 2010 ICRA assigns high credit quality rating to the Rs. 1,000 million Subordinated Debt
Programme of Sundaram BNP Paribas Home Finance Limited
February 17, 2010 ICRA revises the bank line ratings of Scorpios Apparels Private Limited
February 17, 2010 ICRA revises the ratings of Aditya Birla Retail Limited
February 17, 2010 ICRA assigns LA and A1 ratings to bank facilities of Sigma Vibracoustic (India) Private
Limited
February 17, 2010 ICRA revises the rating of Trinethra Superretail Private Limited
February 17, 2010 ICRA assigns LBBB- and A3 ratings to bank lines of Pyrotech Electronics Private
Limited
February 17, 2010 ICRA assigns LBBB and A3+ ratings to the bank facilities of Eskay Fine Chemicals
February 17, 2010 ICRA assigns LBBB and A2 ratings to the bank facilities of Anuh Pharma Limited
February 17, 2010 ICRA assigns an LBBB+ and A2 ratings to the bank facilities of Narbheram Vishram
February 17, 2010 ICRA assigns LBB- rating to bank facilities of Krishnaganga Spinning Mills Private
Limited
February 17, 2010 ICRA withdraws ratings assigned to Purchaser Payouts issued under a securitisation
transaction originated by Manappuram General Finance and Leasing Limited
February 16, 2010 ICRA’s Comments on Bharti Airtel Limited’s announcement on talks with Zain for
acquisition of its African assets
February 16, 2010 ICRA assigns highest credit quality ratings of HDFC Limited
February 16, 2010 ICRA assigns an Issuer Rating of IrA- to Krishi Rasayan Exports Private Limited
February 16, 2010 ICRA assigns LB rating to the bank facilities of ASL Fortune Private Limited
February 16, 2010 ICRA revises the ratings for bank facilities of Fun Multiplex Private Limited; assigns
stable outlook
February 16, 2010 ICRA assigns LBBB- rating to the bank facilities of Ashwini Infradevelopments Private
Limited
February 16, 2010 ICRA assigns LBBB and A3+ ratings to the bank limits of Jaina Marketing & Associates
February 16, 2010 ICRA withdraws ratings assigned to Purchaser Payouts backed by loan pool originated
by Sundaram Finance Limited
February 16, 2010 ICRA revises ratings assigned to the bank facilities of ETA Constructions (India) Limited
February 16, 2010 ICRA reaffirms the LA- rating for bank facilities of Maharashtra Academy of
Engineering & Educational Research, Pune
February 16, 2010 ICRA revises the ratings for bank facilities of Abhishek Corporation Limited
February 16, 2010 ICRA revises the ratings for bank facilities of Maruti Cotex Limited
February 16, 2010 ICRA revises the rating of bank facilities of Mani Exports to A4+
February 16, 2010 ICRA assigns LBB+/A4+ ratings to the bank facilities of Rika Global Impex Limited
February 15, 2010 INDIAN PHARMCEUTICAL INDUSTRY: supported by strong medium term visibility in
regulated market generics and domestic growth
February 15, 2010 ICRA assigns LBB rating to bank lines of Suvidhi Rayons Private Limited
February 15, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Gayatri Suitings Limited
February 15, 2010 ICRA reaffirms the LBBB and A2 ratings assigned to the bank lines of Paradeep
Phosphates Limited
February 15, 2010 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of BRG Iron and Steel
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February 15, 2010 ICRA assigns A3+ ratings to the bank facilities of Adam & Coal Resources Private
Limited
February 15, 2010 ICRA assigns LBB rating to the enhanced bank facilities of NSL Textiles (Edlapadu)
Limited
February 15, 2010 ICRA assigns LBB rating to the enhanced bank facilities of NSL Textiles Limited
February 15, 2010 ICRA assigns LBBB+ and A2 ratings to enhanced bank facilities of Nuziveedu Seeds
Limited; maintains ratings under watch with developing implications
February 15, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Teekay Marines Private
Limited
February 15, 2010 ICRA assigns LBB+ and A4+ rating to the bank limits of Harso Steels Private Limited
February 15, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Trimurti Polychem Private
February 15, 2010 ICRA assigns LBBB- and A3 rating to bank facilities of Taj Frozen Foods India Limited
February 15, 2010 ICRA assigns LBB rating to the bank facilities of Nitesh Residency Hotels Private
Limited
February 15, 2010 ICRA revises the ratings for bank facilities and commercial paper/ short-term debt
programme of Reliance MediaWorks Limited
February 12, 2010 ICRA revises the ratings assigned to the bank facilities and debt programme of KMC
Constructions Limited
February 12, 2010 ICRA assigns Negative Outlook to the long term rating of Pitti Laminations Limited
February 12, 2010 ICRA assigns LBBB and A2 ratings to bank facilities of Duke Fashions (India) Limited
February 12, 2010 ICRA assigns LBB rating to bank limits of Rukmini Iron Private Limited
February 12, 2010 ICRA assigns LBB+/A4+ rating to the bank facilities of Guardian Lifecare Private
Limited
February 12, 2010 ICRA reaffirms LA+ rating for the enhanced bank facilities of Feedback Ventures
Private Limited
February 12, 2010 ICRA assigns A4 rating to the bank facilities of Siddhartha Industries
February 12, 2010 ICRA assigns LBB/ A4 ratings to the bank facilities of Kalinga Sponge Iron Limited
February 12, 2010 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisation
programmes of ICICI Bank Limited
February 12, 2010 ICRA withdraws ratings assigned to the Senior PTCs issued by IRS Trust - Series I
February 12, 2010 ICRA reaffirms the LA+(SO) rating for the Long Term Bond Programme of Cauvery
Neeravari Nigam Limited
February 12, 2010 ICRA withdraws rating assigned to the PTCs enlisted below, issued under ABS
programme originated by ICICI Bank Limited
February 11, 2010 ICRA withdraws rating assigned to the PTCs enlisted below, issued under ABS
February 11, 2010 ICRA reaffirms the LA+(SO) rating for the bond programmes and LA(SO) rating for the
term loans of Karnataka Neeravari Nigam Limited
February 11, 2010 ICRA assigns LBB rating to the bank lines of Saileela Synthetics Private Limited
February 11, 2010 ICRA assigns CS 4 rating to MPS Greenery Developers Limited
February 11, 2010 ICRA assigns LA+ rating to the bank facilities of Manipal Academy of Higher Education
(MAHE)
February 11, 2010 ICRA assigns LC+/A4 rating to bank limits of K.M Sugar Mills Limited
February 11, 2010 ICRA reaffirms the ratings for bank facilities of Haldiram Products Private Limited;
February 11, 2010 ICRA assigns A1 rating to CP/ STD programme of Om Logistics Limited; assigns
Positive outlook to the long term rating
February 11, 2010 ICRA assigns LBB+ rating to the bank facility of Middle East Hotel Company Private
Limited
February 11, 2010 ICRA reaffirms A1+ rating for Commercial Paper / Short Term Debt programme of
Ericsson India Private Limited, reaffirms LAA rating for the bank lines (rated amount
enhanced); assigns stable outlook
February 11, 2010 ICRA reaffirms the LBBB and A3 ratings for bank facilities of SJS Enterprises Private
Limited
February 11, 2010 ICRA assigns A1+ to the enhanced Certificate of Deposits Programme of IDBI Bank
February 11, 2010 ICRA assigns LA+ rating to the Non Convertible Debenture (NCD) programme of Tata
Motors Limited
February 11, 2010 ICRA reaffirms ratings assigned to bank lines and CP/STD Programme of Subros
Limited, rated amount enhanced; assigns stable outlook
February 11, 2010 ICRA revises the ratings for bank facilities / CP program of Tanfac Industries Limited
February 11, 2010 ICRA assigns A4 rating to bank facilities of Lovely Fab Prints Private Limited
February 11, 2010 ICRA assigns LBB+ and A4+ rating to bank facilities of Star Circlips & engineering
Limited
February 11, 2010 ICRA reaffirms LBBB/A3+ ratings for the bank lines of Gulf Oil Corporation Limited
February 10, 2010 ICRA reaffirms LA and A1 ratings to bank facilities of Deepak Nitrite Limited; assigns
stable outlook
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February 10, 2010 ICRA assigns LBBB and A3+ ratings to bank facilities of Embee Software Private
Limited
February 10, 2010 ICRA assigns LBBB- rating to bank lines of IBN 18 Broadcast Limited for an enhanced
amount
February 10, 2010 ICRA downgrades rating of assignee payouts backed by a vehicle loan pool originated
by ICICI Bank Limited
February 10, 2010 ICRA assigns A4+ rating to bank facilities of M/s MK
February 10, 2010 ICRA revises the ratings for bank facilities of MVL Industries Limited
February 10, 2010 ICRA assigns LBB+ rating to bank facilities of Perfect Retreads Private Limited
February 10, 2010 ICRA reaffirms LD rating assigned to the Partly Convertible Debenture programme of
DCM Limited
February 9, 2010 ICRA reaffirms LA rating for bank facilities of Sungwoo Gestamp Hitech Chennai
Limited (erstwhile Technical Stampings Automotive Limited)
February 9, 2010 ICRA reaffirms LBBB+/A2 rating to bank facilities of Aarti Drugs Limited
February 9, 2010 ICRA reaffirms ratings for the bank lines, long term and short term debt programmes of
Hindustan Aeronautics Limited
February 9, 2010 ICRA reaffirms the LBBB- and A3 ratings to bank facilities of Dhoot Transmission
Private Limited
February 9, 2010 ICRA Assigns LBB+ rating to bank facilities of Adinath Re-rolling Private Limited
February 9, 2010 ICRA assigns LBB rating to the bank facilities of Jhunjhunwala Trading Private Limited
February 9, 2010 ICRA upgrades the long term rating and reaffirms short term rating for bank facilities of
Oswal Woollen Mills Limited
February 8, 2010 Supply-side constraints expected to continue impacting domestic steel companies
despite demand outlook being positive
February 6, 2010 ICRA upgrades the long term rating for the bank facilities of Maharashtra Seamless
Limited
February 6, 2010 ICRA assigns LA rating to the bank facilities of L&T Transco Private Limited
February 5, 2010 ICRA assigns LA+ and A1+ ratings to bank facilities of Mahindra Steel Service Centre
Limited
February 5, 2010 ICRA upgrades the LBBB+/A2 ratings for the bank facilities of Autometers Alliance
Limited to LA-/A2+; assigns stable outlook
February 5, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of UKB Electronics Private
Limited
February 5, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of New Horizons Limited
February 5, 2010 ICRA downgrades and suspends the rating for bank facilities of IDEB Projects Private
Limited
February 5, 2010 ICRA assigns LBBB- (stable) and A3 ratings to the bank facilities of Rupesh Kumar &
Brothers
February 5, 2010 ICRA assigns LBB- rating to the Fund based Limits of Ram Sarup Deepak Kumar
February 5, 2010 ICRA reaffirms the LBBB and A2 ratings for bank facilities of Rathi Bars Limited;
February 5, 2010 ICRA re-affirms the LA- rating for bank facilities of Krishna Maruti Limited
February 5, 2010 ICRA revises the long-term rating for bank facilities of IHHR Hospitality Private Limited
February 5, 2010 ICRA re-affirms LBBB and A2 ratings to the bank facilities of Genus Electrotech
Limited; Stable outlook assigned
February 5, 2010 ICRA assigns A4 rating to bank facilities of Golawala Diamonds
February 4, 2010 ICRA upgrades the rating for the bank facilities of Sabarmati Gas Limited
February 4, 2010 ICRA reaffirms LAA/A1+ rating for bank lines and IrAA issuer rating of Petronet LNG
Limited
February 4, 2010 ICRA upgrades the rating for bank facilities of Munjal Auto Industries Limited; assigns
stable outlook
February 4, 2010 ICRA retains LAA and A1+ ratings of Balmer Lawrie
February 4, 2010 ICRA assigns LBBB+ and A2 ratings to bank facilities of Princeware International
Private Limited
February 4, 2010 ICRA assigns LBB and A4 ratings to bank facilities of NRC Industries Limited
February 4, 2010 ICRA revises the ratings assigned to the bank lines of The State Trading Corporation of
India Limited
February 4, 2010 ICRA assigns high credit quality ratings to long term bonds programme of Bank of
Maharashtra
February 4, 2010 ICRA assigns LBB (stable)/A4 ratings to the bank facilities of Sree Lalitha Parameswari
February 4, 2010 ICRA assigns A4 rating to the bank facilities of Polar Star
February 4, 2010 Mortgage finance market likely to gain momentum; HFCs likely to grow profitably despite
challenges
February 3, 2010 Risk Appetite Amongst Debt Fund Managers Rises Marginally
February 3, 2010 ICRA assigns LBB rating to the bank facilities of Jakraya Sugar Limited
February 3, 2010 ICRA assigns LAAA rating to Rs 2.5 billion bonds programme of GAIL (India) Limited.
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February 3, 2010 ICRA assigns LAAA rating to Rs 2.5 billion bonds programme of GAIL (India) Limited.
Also reaffirms the LAAA rating to the other bond programme and bank lines
February 3, 2010 ICRA assigns LBB/ A4 ratings to the bank facilities of Jai India Weaving Mills Private
Limited
February 3, 2010 ICRA re-affirms the LBB+ and A4+ ratings for bank facilities of Sree Akkamamba
Textiles Limited
February 3, 2010 ICRA assigns LBB/A4 ratings to the bank limits of K.K. Continental Trade Limited
February 3, 2010 ICRA assigns LBB/A4 ratings to the bank limits of Jindal Oil & Fats Limited
February 3, 2010 ICRA reaffirms MAA+ rating to the fixed deposits programme of Canfin Homes Limited
February 3, 2010 ICRA withdraws rating assigned to the line of credit of Adarsh Developers
February 3, 2010 ICRA withdraws rating assigned to the long term Non-Convertible Debenture
Programme of Adarsh Prime Prorjects Private Limited
February 3, 2010 ICRA withdraws the grading assigned to Soma Enterprise Limited
February 2, 2010 ICRA assigns LB rating to bank facilities of Shirdi Country Inns Private Limited
February 2, 2010 ICRA assigns LBB+ and A4+ ratings to the bank facilities of Midco Limited
February 2, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Anand NVH Products Private
Limited
February 2, 2010 ICRA reaffirms LBBB and A3+ ratings for bank facilities of Goodluck Steel Tubes
Limited
February 2, 2010 ICRA assigns LAA-pp(SO) rating to India Infoline Investment Services Limited’s long
term principal protected equity linked debentures
February 2, 2010 ICRA revises the rating assigned to the bank facilities of Mundra International Container
Terminal Private Limited
February 2, 2010 ICRA assigns LA rating for bank facilities of Chennai Container Terminal Private
Limited; withdraws earlier rating of LA(SO)
February 2, 2010 ICRA assigns LA ratings for bank facilities of Nhava Sheva International Container
Terminal Private Limited; withdraws earlier rating of LA(SO)
February 1, 2010 ICRA assigns LA- (SO) and A2+ (SO) ratings to the bank facilities of Sri Harini Textiles
Limited
February 1, 2010 ICRA assigns LAA+(SO) and A1+(SO) ratings to bank facilities of Aurigene Discovery
Technologies Private Limited
February 1, 2010 ICRA revises the ratings for bank facilities of TCS Textiles Private Limited
February 1, 2010 ICRA reaffirms the A1 rating for bank facilities and Commercial Paper/Short-Term Debt
Programme of Hughes Communication India Limited
February 1, 2010 ICRA suspends the ratings for bank limits of M/s Minestone
February 1, 2010 ICRA revises the ratings for bank facilities of M/s Kapoor Industries
February 1, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Krishnamurthy Spinning Mills
Private Limited
February 1, 2010 ICRA reaffirms the LBB - and A4 ratings for bank facilities of Trishul Exotics Private
Limited
February 1, 2010 ICRA reaffirms the LBB - and A4 ratings for bank facilities of Worldfa Exports Private
Limited
February 1, 2010 ICRA assigns LB+ rating to the fund based limits and A4 rating to the non fund based
limits of Rajasthan Transmission Wires Private Limited
February 1, 2010 ICRA upgrades the long term rating and reaffirms the short term rating of Everest
Industries Limited
January 29, 2010 ICRA in MoU with Punjab and Sind Bank to rate Bank Loans under RBI’s New Capital
Adequacy Framework for Basel-II
January 29, 2010 ICRA upgrades the rating assigned for term loan limit of Nandi Highway Developers
January 29, 2010 ICRA assigns LBB rating to bank facilities of Sri Srinivasa Spintex Private Limited
January 29, 2010 ICRA revises the ratings for the bank facilities of D. S. Kulkarni Developers Limited
January 29, 2010 ICRA assigns LBB+ and A4+ ratings to the bank facilities of Vishva Vishal Engineering
Limited
January 29, 2010 ICRA revises the rating assigned to the bank facilities of Delhi Waste Management
Limited to LBBB from LA-(SO); assigns stable outlook
January 29, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of M/s Kota Dall Mill
January 29, 2010 ICRA assigns LAA rating to the Bonds Programme of IDBI Bank
January 29, 2010 ICRA assigns LBB+ and A4+ ratings to the bank facilities of SSV Fab Industries Private
Limited
January 29, 2010 ICRA assigns LB rating to bank facilities of The Shanker Vittal Motor Company Limited
January 29, 2010 ICRA assigns LBBB+ rating to the Bank Facilities of Bengal Ambuja Housing
Development Limited
January 29, 2010 ICRA withdraws A2+ rating assigned to the CP Programme of Krishna Maruti Limited
January 29, 2010 ICRA withdraws the suspended rating for the fixed deposit programme of Grover
Leasing Limited
January 29, 2010 ICRA withdraws the suspended rating for the fixed deposit programme of Kailash Auto
Finance Limited
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Finance Limited
January 28, 2010 ICRA assigns LA+ rating to Non Convertible Debentures of PTC India Financial
Services Limited
January 28, 2010 ICRA assigns LB ratings to bank facilities of Ritu Shipping Private Limited
January 28, 2010 ICRA assigns LB ratings to bank facilities of Sree Laxmi Ship Breakers
January 28, 2010 ICRA assigns A4 rating to bank facilities of Texport Syndicate (India) Limited
January 28, 2010 ICRA assigns LBB rating to the bank facilities of Ambuja Realty Development Limited
January 28, 2010 ICRA reaffirms the LBBB+ and A2 ratings for bank facilities of Mackintosh Burn
January 28, 2010 ICRA revises the ratings for bank facilities of Remi Edelstahl Tubulars Limited (Erstwhile
Rajendra Mechanical Industries Limited)
January 28, 2010 ICRA re-affirms LBB+/A4+ ratings for bank facilities of Jawandamal Dhannamal
January 28, 2010 ICRA re-affirms outstanding ratings on Edelweiss Capital Ltd’s long term debt
programme following its recent announcement of acquisition of Anagram Capital Limited
January 28, 2010 ICRA withdraws LBBB+/A2+ ratings assigned to the bank limits of HKT Mining Private
Limited
January 27, 2010 INDIAN CEMENT INDUSTRY: PROFITABILITY TO COME UNDER PRESSURE AS
NEW CAPACITIES TAKE CONCRETE SHAPE
January 27, 2010 ICRA assigns LAA-pp(SO) rating to ECL Finance Ltd’s long term principal protected
equity linked debentures
January 27, 2010 ICRA assigns LBB- and A4 rating to the working capital facilities of Birla Power
Solutions Limited
January 27, 2010 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of Amira Foods (India)
Limited
January 27, 2010 ICRA assigns LB+ and A4 ratings to bank facilities of Shri Sidhdata Steel Tubes
January 27, 2010 ICRA assigns LB+ and A4 ratings to bank facilities of Shri Sidhdata Ispat Private
Limited
January 27, 2010 ICRA assigns LB+ rating to bank facilities of Shri Sudershan Tubes
January 27, 2010 ICRA reaffirms LA+/A1+ rating to bank facilities and Commercial Paper program of
Indoco Remedies Limited
January 27, 2010 ICRA reaffirms Bank lines, Fixed deposit and Commercial paper ratings of Rane Engine
Valve Limited, rated amount enhanced; assigns a stable outlook
January 27, 2010 ICRA assigns A3 ratings to the enhanced bank lines of Systematix Shares & Stocks
(India) Limited
January 27, 2010 ICRA assigns LBB rating to the bank facilities of Icconol Petroleum Private Limited
January 27, 2010 ICRA revises the ratings assigned to Cadila Pharmaceuticals Limited
January 27, 2010 ICRA assigns LBBB-(SO)/A3(SO) (Negative) and LBB/A4 (Stable) ratings to the bank
lines of Albright & Wilson Chemicals India Limited
January 27, 2010 ICRA withdraws rating assigned to the Liquidity Facility provided under ABS programme
of ICICI Bank Limited
January 27, 2010 ICRA assigns LBB+ and A4+ ratings for bank facilities of Devika Fibres Private Limited
January 25, 2010 ICRA assigns LBB+ and A4+ ratings to the bank facilities of Bihar Raffia Industries
Limited
January 25, 2010 ICRA revises the construction grading assigned to BSCPL Infrastructure Limited
January 25, 2010 ICRA assigns A2+ rating to the enhanced bank facilities of Bharat Mines and Minerals;
reaffirms the LBBB+ / A2+ ratings assigned earlier
January 25, 2010 ICRA assigns LBBB+ rating to the enhanced bank facilities of BMM Ispat Limited;
reaffirms the LBBB+ / A2+ ratings assigned earlier
January 25, 2010 ICRA assigns LBB+ rating to bank facilities of Ranjitpura Infrastructure Private Limited
January 25, 2010 ICRA assigns LAA- rating to GNFC’s term loans
January 25, 2010 ICRA assigns A1+ rating to Short Term Debt programme of HCL Corporation Limited
January 25, 2010 ICRA downgrades and suspends the rating assigned to the bank lines of M/s Ratnadeep
Impex
January 25, 2010 ICRA assigns rating of LBB under Basel II to Ranga Raju Warehousing Private Limited
January 25, 2010 ICRA revises the rating for bank facilities of Bholasingh Jaiprakash Construction
Limited
January 25, 2010 ICRA assigns LBBB-/A3 ratings to the bank facilities of First Steps Babywear Private
Limited
January 25, 2010 ICRA withdraws ratings assigned to Senior PTC Series A2 and Series A3 backed by
CE loans receivables under the ABS programme originated by SREI Equipment
Finance Private Limited.
January 25, 2010 ICRA assigns LAA-/A1+ ratings to the working capital facilities of L&T-Sargent & Lundy
Limited
January 25, 2010 ICRA assigns LBBB and A3+ ratings to the bank facilities of Scotts Garments Limited
January 25, 2010 ICRA assigns LBBB and A3+ ratings to the bank facilities of Arora Fashions Limited
January 25, 2010 ICRA assigns LA- (Stable) and A2+ ratings to the bank facilities of Giesecke & Devrient
India Private Limited
January 25, 2010 ICRA assigns the rating LAAA pp to RBS Financial Services (India) Private Ltd’s
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January 25, 2010 ICRA assigns the rating LAAA pp to RBS Financial Services (India) Private Ltd’s
(formerly known as on ABN AMRO Securities (India) Private Ltd) long term equity linked
debenture programme; reaffirms earlier ratings; long term ratings continue to be on
rating watch with negative implications
January 25, 2010 ICRA assigns LAAA rating to Tata Sons Limited
January 22, 2010 ICRA revises the ratings for bank facilities of Subhash Projects and Marketing Limited
January 22, 2010 ICRA assigns LAA rating to Rs 2 billion lower tier 2 bonds and A1+ rating to the
enhanced Rs. 80 billion (from Rs 60 billion) Certificates of Deposits Programme of
Punjab and Sind Bank
January 22, 2010 ICRA assigns LBBB-/A3 rating to bank facilities of BS Transcomm Limited
January 22, 2010 ICRA assigns mfAAA rating to Axis Short Term Fund
January 22, 2010 ICRA reaffirms the LBBB rating for bank facilities of Durha Constructions Private
Limited
January 22, 2010 ICRA reaffirms the LB and A4 ratings for bank facilities of Rajmal Lakhichand Jewellers
Private Limited
January 22, 2010 ICRA reaffirms the LB and A4 ratings for bank facilities of R. L. Gold Private Limited
January 22, 2010 ICRA reaffirms the LB and A4 ratings for bank facilities of Manraj Jewellers Private
Limited
January 22, 2010 ICRA reaffirms the LB and A4 ratings for bank facilities of Rajmal Lakhichand & Sons
January 22, 2010 ICRA assigns the rating of LAA+ with Stable outlook to the Rs. 6 billion Non-Convertible
Debenture programme of L&T Finance Limited
January 22, 2010 ICRA assigns A1+ rating to the Rs 7 billion short term debt programme of Religare
Securities Limited
January 22, 2010 ICRA assigns LBB/ A4 ratings to the bank facilities of Palani Vijay CottSpin Private
Limited
January 21, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Rave Scans Private Limited
January 21, 2010 ICRA assigns A4 rating to the bank facilities of M/S Agarwalla Commercial
January 21, 2010 ICRA re-affirms LB+ rating to the Rs. 400 million fund based limits of Indus Sports
Resorts Private Limited
January 21, 2010 ICRA reaffirms the LBB + and A4 + ratings for bank facilities of SK Systems Private
Limited
January 21, 2010 ICRA assigns A4+ rating to the bank facilities of SNC Jewels Private Limited
January 21, 2010 ICRA assigns A4+ rating to the bank facilities of Renaissance RTW Asia (P) Limited
January 20, 2010 ICRA Limited: Unaudited Financial Results for the Third Quarter and the Nine months
ended December 31, 2009
January 20, 2010 ICRA upgrades the rating for bank facilities of Harinagar Sugar Mills Limited; assigns
stable outlook
January 20, 2010 ICRA assigns A1+ rating to Canara Bank’s Rs. 300 billion enhanced (from Rs. 250
January 20, 2010 ICRA upgrades the ratings for bank facilities of The Indure Private Limited to LBBB/A3+
January 20, 2010 ICRA reaffirms the LBBB+ and A2+ ratings for the bank facilities of LH Sugar Factories
Ltd.
January 20, 2010 ICRA reaffirms the LBBB+ and A2 ratings for the bank facilities of Enviro Control
Associates (I) Private Limited; assigns stable outlook
January 20, 2010 ICRA assigns LBB+ rating to bank facilities of RAUS Infras Limited
January 20, 2010 ICRA revises the rating for bank facilities of Dewa Projects Private Limited
January 20, 2010 ICRA upgrades rating of one PTC tranche and a rated portion of First Loss Piece,
reaffirms ratings of 10 PTC tranches / assignee payouts and downgrades the rating of
one PTC tranche backed by New Car and Used Car Loan pools originated by ICICI
Bank Ltd. (IBL)
January 20, 2010 ICRA assigns LBB+ and A4+ ratings to the bank facilities of Technico Industries Limited
January 20, 2010 ICRA assigns LB ratings to bank facilities of SJP Real Estate Limited
January 19, 2010 ICRA re-affirms LBB+ and A4+ rating to the working capital facilities of Vamshi Rubber
Limited; assigns stable outlook to long term rating
January 19, 2010 ICRA assigns A4+ rating to bank facilities of RPP Selvam Infrastructure Private Limited
January 19, 2010 ICRA assigns LAA- rating for the long term borrowing programme of Tamil Nadu
Newsprint and Papers Limited
January 19, 2010 ICRA assigns MFI grade of M3 to S.M.I.L.E. Microfinance Limited
January 19, 2010 ICRA assigns LBB rating to bank facilities of SRR Projects Private Limited
January 19, 2010 ICRA assigns LBB+ rating to the term loan of Paramount Residency Private Limited
January 19, 2010 ICRA assigns LBB rating to the bank facilities of Kalpataruvu Spinning Mills Limited
January 19, 2010 ICRA has assigned the LA rating to the Rs. 3.0 billion Subordinate Debt programme of
Tata Motors Finance Limited
January 19, 2010 ICRA re-affirms LBBB- and A3 ratings for bank facilities of Action Ispat & Power
January 19, 2010 ICRA assigns LA-(SO) and LBBB rating to the bank facilities of ETA Constructions
(India) Limited
January 19, 2010 ICRA reaffirms LBBB/A2 on the bank lines of GTN Engineering (India) Limited; assigns
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January 19, 2010 ICRA reaffirms LBBB/A2 on the bank lines of GTN Engineering (India) Limited; assigns
stable outlook
January 19, 2010 ICRA re-affirms LBB+ and A4 ratings to the bank facilities of Varsha Corporation
Limited; Stable outlook assigned
January 19, 2010 ICRA assigns iAAA rating for claims paying ability of HDFC ERGO General Insurance
Company Limited
January 19, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Kandhari Hotels Private Limited
January 19, 2010 ICRA reaffirms the LAA+/MAAA/A1+ rating for bank facilities/Fixed Deposit programme
of T V Sundram Iyengar & Sons Limited for an enhanced amount; stable outlook
assigned
January 19, 2010 ICRA assigns LBBB- and A3 ratings to the bank lines of Veer Plastics Private Limited
January 19, 2010 ICRA assigns LB+ to the bank facilities of Peevees Projects Private Limited
January 18, 2010 ICRA upgrades short term ratings of Starlite Lighting Limited to A1+ (SO); assigns
Stable outlook
January 18, 2010 ICRA assigns LB/A4 ratings to bank facilities of The Travancore Cochin Chemicals
Limited
January 18, 2010 ICRA upgrades short term rating of Bajaj Electricals Limited to A1+; assigns stable
outlook
January 18, 2010 ICRA assigns LBB rating to the bank facilities of Neelkanth Town Planners Private
Limited
January 18, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Savio Ceramica Private Limited
January 18, 2010 ICRA assigns the LA- rating to the enhanced bank facilities of ECIL-Rapiscan Limited
January 18, 2010 ICRA assigns ratings of LAAA(SO) with negative outlook to the enhanced fund based
facilities of Family Credit Limited
January 18, 2010 ICRA assigns conditional LAAA(SO) to the Purchaser Payouts backed by car,
commercial vehicle and construction equipment loan pool originated by Reliance Capital
Limited
January 18, 2010 ICRA reaffirms A1+ rating to Short Term Debt programme of Aditya Birla Finance
Limited (Erstwhile Birla Global Finance Company Limited)
January 18, 2010 ICRA reaffirms A1+ rating to Short Term Debt programme of Laxminarayan Investments
Limited
January 18, 2010 ICRA assigns LBB rating to bank facilities of Paras Healthcare Private Limited
January 18, 2010 ICRA assigns LBB+ and A4+ rating to bank facilities of Shashi Cables Limited
January 18, 2010 ICRA assigns LBBB (stable) rating to bank facilities of Modern Vidya Niketan Society
January 18, 2010 ICRA re-affirms LBB+ and A4+ ratings to the bank facilities of Hinduja Foundries
Limited
January 18, 2010 ICRA reaffirms A1+ rating to Short Term Debt programme of Naman Finance &
Investments Private Limited
January 15, 2010 ICRA assigns A1+ rating to short term NCD programme of Hyderabad Industries
Limited; withdraws long term rating for NCD programme of HIL
January 15, 2010 ICRA upgrades the short term rating and reaffirms long term rating to bank facilities of
Star Wire (India) Limited; rating amount enhanced
January 15, 2010 ICRA reaffirms rating of assignee payouts under 3 vehicle loan pools, downgrades
ratings of assignee payouts backed by 1 other vehicle loan pool, originated by ICICI
Bank Limited
January 15, 2010 ICRA assigns an LBBB-/A3 rating to the bank facilities of Narbheram Power & Steel
Private Limited
January 15, 2010 ICRA reaffirms LAAA (SO) rating of Purchaser Payouts and upgrades the rating of
Second Loss Facility under a loan receivables assignment transaction originated by
Shriram Transport Finance Co. Ltd.
January 15, 2010 ICRA assigns an LBB rating to the bank facilities of Maa Tarini Industries Limited
January 15, 2010 ICRA assigns LB+ rating to the bank facilities of Gangar Opticians Private Limited
January 15, 2010 ICRA assigns A4+ rating to bank facilities of Beekay Overseas
January 15, 2010 ICRA reaffirms the LAA- / A1+ rating on India Infoline Limited’s long term / short term
debt programme
January 15, 2010 ICRA reaffirms the LA+ / A1+ rating on India Infoline Investment Services Limited’s
Long term / Short term debt programme
January 15, 2010 ICRA reaffirms the A1 rating on MoneyLine Credit Limited’s short term debt programme
January 15, 2010 ICRA reaffirms the LA+ /A1 rating for bank facilities of KEC International Limited, rated
amount enhanced
January 15, 2010 ICRA reaffirms LA / A1 ratings on various bank lines of Wall Street Finance Ltd;
removes the long term rating from rating watch
January 15, 2010 ICRA assigns LBBB (SO) / LBBB- / A3 rating to the bank lines of GMR Aviation Private
Limited
January 14, 2010 ICRA reaffirms LBBB+ and A2 ratings to the bank lines and long term debt programme
of Gujarat State Energy Generation Limited; assigns Stable Outlook
January 14, 2010 ICRA reaffirms the LAA- and A1+ ratings for bank facilities of Rockman Industries
Limited
January 14, 2010 ICRA assigns conditional LAA+(SO) rating to PTCs issued by Novo VIII Trust – Archie
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January 14, 2010 ICRA assigns LBB ratings to the bank facilities of Jaipur Integrated Texcraft Park
Private Limited
January 14, 2010 ICRA assigns LB+ rating to bank facilities of Shipra Estate Limited
January 14, 2010 ICRA assigns LBB/A4 ratings to the bank lines of K. V. Aromatics Private Limited
January 14, 2010 ICRA assigns high credit quality ratings to upper tier II bonds programme of Central
Bank of India
January 14, 2010 ICRA re-affirms the LBBB- rating assigned to the bank facilities of Adani Petronet
(Dahej) Port Private Limited; assigns positive outlook
January 14, 2010 ICRA withdraws grading assigned to Bengal Ambuja Housing Development Limited
January 14, 2010 ICRA withdraws grading assigned to Bengal Ambuja Metro Development Limited
January 13, 2010 ICRA places the LBBB+/A2 ratings assigned to the bank facilities of Nuziveedu Seeds
Limited under watch with developing implications
January 13, 2010 ICRA assigns LBBB-/ A3 ratings to bank facilities of Expo Freight (Pvt) Limited
January 13, 2010 ICRA assigns LB rating to the bank facilities of G. V. Estates & Hotels Private Limited
January 13, 2010 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of Escorts Construction
Equipment Limited; assigns negative outlook
January 13, 2010 ICRA assigns high-credit-quality rating to Rs. 0.50 billion Subordinate NCD Programme
of Deutsche Postbank Home Finance Limited
January 13, 2010 ICRA assigns A4 ratings to the bank facilities of M/s. Pearl International
January 13, 2010 ICRA assigns LBBB- (Stable) and A3 ratings to the bank facilities of Khandelwal
Laboratories Private Limited
January 13, 2010 ICRA withdraws the rating of LBBB- assigned to the term loan facilities of Malegaon
Manmad Kopergaon Infrastructure & Toll Road Private Limited (MMKIPL)
January 12, 2010 ICRA revises the ratings for bank facilities of VVF Limited; assigns stable outlook
January 12, 2010 ICRA assigns LB and A4 ratings to bank facilities of Vayhan Coffee Limited
January 12, 2010 ICRA assigns LAA+ (SO) rating to the long term bank facilities of Cargill Capital and
Financial Services India Private Limited
January 12, 2010 ICRA assigns LAA+ (SO) rating to the long term bank facilities of Cargill Global Trading
India Private Limited/ reaffirms A1+ rating to enhanced short term bank facilities
January 12, 2010 ICRA assigns LAA+ (SO) rating to the long term bank facilities of Cargill India Private
Limited/ reaffirms A1+ rating to enhanced short term bank facilities
January 12, 2010 ICRA reaffirms the LBBB+ and A2+ ratings for bank facilities of Aarti Steels Limited
January 12, 2010 ICRA assigns an A4 rating to bank facilities of M Kantilal Exports
January 12, 2010 ICRA revises the rating of bank facilities of Choice Diamond
January 12, 2010 ICRA re-affirms the LAAA rating assigned to the NCD programme of Oil and Natural
Gas Corporation
January 12, 2010 ICRA assigns LB and A4 ratings to bank facilities of Sunstar Precision Forge Limited
January 12, 2010 ICRA revises the long term ratings assigned to Vipul Limited
January 12, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Golden Jubilee Hotels Limited
January 12, 2010 ICRA assigns LA (SO) and A1 (SO) ratings to the bank lines of Baroda Textile Effects
Limited
January 11, 2010 ICRA assigns LBBB+ and A2 ratings to bank facilities of D& H Secheron Electrodes
Private Limited
January 11, 2010 ICRA assigns LBB and A4 rating to the term loans and bank limits of Micromatic
Grinding Technologies Limited (MGTL)
January 11, 2010 ICRA assigns LBBB and A3+ ratings to bank facilities of Dwekam Electrodes Private
Limited
January 11, 2010 ICRA assigns LB+ and A4 ratings to the bank facilities of ALP Overseas Private Limited
January 11, 2010 ICRA assigns LBB+ / A4+ ratings to the bank lines of Progressive Share Brokers
Private Limited
January 11, 2010 ICRA reaffirms the LBB+ and A4+ ratings for bank facilities of Ratanchand Jewellers
Private Limited
January 11, 2010 ICRA assigns LBB- and A4 rating to the term loan and bank facilities of Accent Metals
Private Limited
January 11, 2010 Update on DLF LAING O’ROURKE (INDIA) LIMITED
January 11, 2010 ICRA assigns LBBB rating to bank facilities of SAM (India) Builtwell Private Limited
January 11, 2010 ICRA assigns LBBB rating to bank facilities of SAM (India) Builtwell Private Limited
January 11, 2010 ICRA assigns LBB rating to Rs. 91.0 million fund based facilities of JSL Ispat Private
Limited
January 11, 2010 ICRA withdraws LBBB/A2 ratings assigned to the bank facilities of Jubiliant Engineering
Limited
January 11, 2010 ICRA reaffirms the iAAA rating for claims paying ability of ICICI Lombard General
Insurance Company
January 8, 2010 ICRA assigns LBBB-/A3 ratings to enhanced bank facilities of East Coast Constructions
& Industries Limited
January 8, 2010 ICRA reaffirms highest safety ratings assigned to Guaranteed bonds of Steel Authority
of India
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of India
January 8, 2010 ICRA revises the ratings for bank facilities of Garg Inox Limited
January 8, 2010 ICRA reaffirms ratings for two bank facilities of Hysco Steel India Limited and revises
ratings for another bank facility
January 8, 2010 ICRA assigns A4+ rating to bank facilities of Balaji Exports Co
January 8, 2010 ICRA assigns LB+ and A4 ratings to the bank lines of Liberty Phosphates Limited
January 8, 2010 ICRA assigns LBB+ (Positive outlook) and A4 ratings to the bank facilities of Microtex
Energy Private Limited
January 8, 2010 ICRA assigns LA- and A1 ratings to bank facilities of Motherson Sumi Infotech &
Designs Limited
January 8, 2010 ICRA assigns MA- rating to FD programme of Network18 Media & Investments Limited
January 8, 2010 ICRA assigns a rating of LBBB- and A3 to the Basel II lines of RSB Projects Limited
January 7, 2010 INDIAN AUTO ANCILLARY INDUSTRY: RECOVERY IN SIGHT
January 7, 2010 ICRA assigns LBBB rating to bank facilities of P. C. Chandra Jewellery Apex Private
Limited
January 7, 2010 ICRA reaffirms the LAAA/A1+ ratings of Airports Authority of India; assigns stable
outlook
January 7, 2010 ICRA withdraws ratings assigned to Purchaser Payouts backed by loan pool originated
by SREI Equipment Finance Private Limited
January 7, 2010 ICRA assigns LBB+ (stable) and A4+ ratings to bank facilities of Capital Foods Limited
January 7, 2010 ICRA assigns LBB+ (stable) and A4+ ratings to bank facilities of Capital Foods Exportts
Private Limited
January 7, 2010 ICRA revises the long term rating of Rama Paper Mills Limited; Reaffirms short term
rating
January 7, 2010 ICRA upgrades the ratings for bank facilities of Dhanuka Agritech Limited, rated amount
enhanced; assigns stable outlook
January 7, 2010 ICRA revises the rating of bank facilities of ISKCON Charities
January 6, 2010 ICRA revises the ratings for bank facilities of Davanam Jewellers Private Limited
January 6, 2010 ICRA assigns LBBB-/A3 rating to the bank facilities of Dynacons Systems & Solutions
Limited
January 6, 2010 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of Geodesic Techniques
Private Limited
January 6, 2010 ICRA reaffirms the LBB+ rating for the bank facilities of K.S.C. Educational Society
January 6, 2010 ICRA reaffirms ratings of various debt programmes of IndusInd Bank Limited
January 6, 2010 ICRA revises the rating assigned to Shasun Chemicals & Drugs Limited (SCDL)
January 6, 2010 ICRA retains the ratings of PTCs/Purchaser payouts under seven transactions and
downgrades the rating of Purchaser Payouts under two transactions originated by GE
Capital Transportation Financial Services Limited (GETFSL)
January 5, 2010 ICRA assigns LB+ and A4 ratings to the bank facilities of Shivam Motors Private Limited
January 5, 2010 ICRA assigns LB and A4 ratings to the bank facilities of Commercial Automobiles
Private Limited
January 5, 2010 ICRA reaffirms the LBB and A4+ ratings outstanding against the bank facilities of Goel
Jewellery International
January 5, 2010 ICRA reaffirms the LBB+ and A4+ ratings outstanding against the bank facilities of Goel
Jewellery Mart Private Limited
January 4, 2010 INDIAN PASSENGER VEHICLE INDUSTRY: Long term demand outlook remains robust
January 4, 2010 ICRA assigns LBBB (Stable) and A2 ratings to enhanced bank facilities of Compuage
Infocom Limited
January 4, 2010 ICRA assigns LAA+pn to Equity Linked Debenture Programme of Citicorp Finance
(India) Limited
January 4, 2010 ICRA assigns LB-/A4 to bank facilities of Vamsi Labs Limited
January 4, 2010 ICRA assigns LBBB-/ A3 ratings to the bank facilities of Namakkal Transport Carriers
Private Limited
January 4, 2010 ICRA revises the rating for NCD programme of Trent Limited
January 4, 2010 ICRA withdraws LBBB+/ A2 ratings assigned to the bank limits of Adani Energy Limited
January 4, 2010 ICRA assigns LAA- and A1+ rating to the bank facilities of Eicher Motors Limited
January 1, 2010 ICRA upgrades the long term rating from LBBB to LBBB+ and short term rating from A2
to A2+ of Ponni Sugars (Erode) Limited
January 1, 2010 ICRA reaffirms the LA and A1 ratings for bank facilities and CP programme of BSCPL
Infrastructure Limited, rated amount enhanced; assigns fresh rating to its NCD
programme
January 1, 2010 ICRA assigns LBB/A4 ratings to the bank lines of Siddhant Chemicals
January 1, 2010 ICRA assigns LBB- and A4 ratings to the bank facilities of Enaltec Labs Private Limited
December 31, 2009 Mobile Number Portability to Further Increase Competitive Intensity
December 31, 2009 ICRA assigns A1 rating to the short term borrowing programme of AMCL Machinery
Limited; reaffirms the LA- and A1 ratings to the bank facilities
December 31, 2009 ICRA assigns LBB/A4 ratings to the bank facilities of Nathella Sampath Jewellery
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December 31, 2009 ICRA assigns LBB/A4 ratings to the bank facilities of Nathella Sampath Jewellery
Private Limited
December 31, 2009 ICRA re-affirms LBB+/A4+ ratings assigned to the bank facilities of MYK Spinning
Industries Limited
December 31, 2009 ICRA re-affirms the LBBB-/A3 ratings assigned to the bank facilities of Turbovent
December 31, 2009 ICRA re-affirms the LBBB-/A3 ratings assigned to the bank facilities of Parasakti
Cements Industries Limited
December 31, 2009 ICRA assigns LBB/A4 ratings to the bank limits of S.C. Chemicals
December 31, 2009 ICRA reaffirms ratings assigned to PTCs backed by loan of receivables from ICICI
Home Finance Company Ltd. at LAAA(SO)
December 31, 2009 ICRA assigns LBB (stable) and A4 ratings to bank lines of K.K. Silk Mills Private Limited
December 31, 2009 ICRA revises the ratings for bank facilities of WS Industries (India) Limited, rated
amount enhanced
December 31, 2009 ICRA assigns highest ratings to debt instruments of ICICI Home Finance; reaffirms
existing ratings
December 31, 2009 ICRA assigns LB-/A4 ratings to the bank facilities of Celebrity Fashions Limited
December 31, 2009 ICRA revises ratings assigned to the bank facilities of Solar Semiconductor Private
Limited
December 31, 2009 ICRA reaffirms the MD rating assigned to the bond programme of HMT Bearings
Limited
December 31, 2009 ICRA assigns conditional A1+(SO) rating to payouts backed by a micro-finance loan
pool originated by Share Microfin Limited -Share Microfin Limited Loan Pool Direct
Assignment -December 2009
December 31, 2009 ICRA retains the LA- and A2+ ratings for bank facilities of Rico Auto Industries Limited
December 31, 2009 ICRA reaffirms the LBBB+ and A2+ ratings for bank facilities of Aarti International
December 31, 2009 ICRA assigns LBBB- rating to bank facilities of Synergy Shakthi Renewable Energy
Limited
December 31, 2009 ICRA Assigns LBBB+ and A2+ ratings to bank facilities of MRC Transolutions Private
Limited
December 31, 2009 ICRA assigns the A1+ rating to the enhanced Commercial Paper (CP) / Short term
Debt (STD) programme of Manappuram General Finance & Leasing Limited
December 31, 2009 ICRA assigns A4 rating to Money Logix Securities Private Limited’s short term non fund
based bank lines
December 31, 2009 ICRA assigns LBBB- and A3 ratings to bank facilities of Futura Ceramics (P) Limited
December 30, 2009 ICRA assigns an LBBB- rating to the bank limits and NCD issued by Starlight Systems
Private Limited
December 30, 2009 ICRA downgrades the rating assigned to the bank limits of Oyster Medisafe Limited
December 30, 2009 ICRA assigns A1+ rating to the commercial paper programme of GIC Housing Finance
Limited
December 30, 2009 ICRA assigns mfAAA rating to DSP BlackRock Money Manager Fund
December 30, 2009 ICRA assigns LBBB- and A3 ratings to bank facilities of Megafine Pharma (P) Limited
December 30, 2009 ICRA reaffirms LAA/A1+ ratings for the enhanced bank facilities of Maharashtra
Seamless Limited
December 30, 2009 ICRA assigns LBBB- / A3 ratings to the bank lines of Systematix Shares & Stocks
(India) Limited
December 30, 2009 ICRA suspends the ratings for bank limits of J. Kumar Infraprojects Limited
December 30, 2009 ICRA reaffirms highest ratings to debt programmes of ICICI Bank Limited
December 30, 2009 ICRA reaffirms LA+ rating for the enhanced bank facilities of Feedbank Ventures
Private Limited
December 30, 2009 ICRA assigns LB+ and A4 ratings to bank facilities of Cable Corporation of India
Limited
December 30, 2009 ICRA assigns LAA+ rating with a stable outlook to Long Term NCDs of Sundaram
Finance Limited; reaffirms ratings assigned earlier
December 30, 2009 ICRA assigns LB/A4 ratings to the bank lines of Ramoji Granite Limited
December 30, 2009 ICRA assigns LAA- to the Lower Tier II Bonds Programme of Yes Bank Limited
December 30, 2009 ICRA assigns LB+ and A4 ratings to the bank facilities of Malwa Industries Limited
December 30, 2009 ICRA assigns LBBB- and A3 ratings to bank facilities of Macro Polymers Private
Limited
December 30, 2009 ICRA assigns LBBB-/ A3 ratings to bank facilities of Jayshree Chemicals Limited
December 30, 2009 ICRA assigns LA-(stable) rating to the bank facilities of University of Petroleum and
Energy Studies
December 30, 2009 ICRA revises long-term rating for bank facilities of NKG Infrastructure Limited, reaffirms
short-term rating; rated amounts enhanced
December 30, 2009 ICRA withdraws ratings assigned to Senior PTC Series A1 backed by New CV loan
receivables originated by Reliance Capital Limited
December 30, 2009 ICRA withdraws ratings assigned to the Senior PTCs issued by Receivables
Securitisation Trust Series III
December 30, 2009 ICRA withdraws the rating for proposed bank facilities of Bright Outdoor Media Private
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December 30, 2009 ICRA withdraws the rating for proposed bank facilities of Bright Outdoor Media Private
Limited
December 29, 2009 ICRA reaffirms the ratings assigned earlier to the various debt programmes of United
Bank of India
December 29, 2009 ICRA assigns LBBB (stable)/A3+ ratings to the bank facilities of Kar Mobiles Limited
December 29, 2009 ICRA assigns LBBB (Stable) and A3+ ratings to the bank facilities of Shree Ambika
Sugars Limited
December 29, 2009 ICRA assigns LBBB (Stable) and A3+ ratings to the bank facilities of Thiru Arooran
Sugars Limited
December 29, 2009 ICRA assigns LBBB (Stable) and A3+ ratings to the bank facilities of Terra Energy
Limited
December 29, 2009 ICRA suspends the rating for the medium term Non Convertible debenture programme
of Ramco Super Leathers Limited
December 29, 2009 ICRA assigns LAA rating with a stable outlook to Rs. 2310 million bank lines of
Sundaram BNP Paribas Home Finance Limited; reaffirms ratings assigned earlier
December 29, 2009 ICRA assigns LA and A2+ ratings to bank facilities of Mahindra Navistar Engines
Private Limited
December 29, 2009 ICRA assigns A4 rating to the bank facilities of Hatimi Steels
December 29, 2009 ICRA re-affirms outstanding ratings on Edelweiss Capital Limited’s long term debt
programme
December 29, 2009 ICRA assigns highest credit quality rating to ECL Finance Ltd’s enhanced short term
debt programme
December 29, 2009 ICRA assigns LBBB- (SO) and A3 (SO) ratings to bank facilities of Mecc Alte India
Private Limited
December 29, 2009 ICRA assigns A4 rating to bank facilities of Bharat Tissus Private Limited
December 24, 2009 ICRA reaffirms the LAA and A1+ ratings for the bank facilities of Metso and removes
ratings from watch; assigns negative outlook to long-term rating
December 24, 2009 ICRA assigns A1+ rating to the enhanced Short Term Debt programme of Trapti
Trading & Investments Private Limited
December 24, 2009 ICRA reaffirms A3 rating to the bank facilities of Bhansali & Company
December 24, 2009 ICRA assigns LBBB (stable)/A3+ ratings to the bank facilities of Kar Mobiles Limited
December 24, 2009 ICRA assigns LBB and A4 ratings to the bank facilities of Agrawal Indotex Limited
December 24, 2009 ICRA assigns LB and A4 ratings to bank facilities of Ramkumar Mills Private Limited
December 24, 2009 ICRA reaffirms A1+ rating to Short Term Debt programme of TGS Investment & Trade
Private Limited
December 24, 2009 ICRA reaffirms A1+ rating to the Certificate of Deposits Programme of Bank of Bahrain
and Kuwait B.S.C. (Indian Branches)
December 24, 2009 ICRA upgrades long term rating for enhanced bank facilities of KRBL Limited to LA+;
reaffirms A1 rating for bank facilities
December 24, 2009 ICRA assigns LBBB and A3+ ratings to bank facilities of Anand Motor Products Private
Limited
December 24, 2009 ICRA assigns LAA rating to NCD programme of Jindal Steel and Power Limited
December 24, 2009 ICRA revises the ratings for bank facilities of Sri Panchajanya Power Private Limited
December 24, 2009 ICRA revises the ratings for bank facilities of Suryachakra Power Corporation Limited
December 24, 2009 ICRA revises the ratings for bank facilities of South Asian Agro Industries Limited
December 24, 2009 ICRA revises the ratings for bank facilities of MSM Energy Limited
December 24, 2009 ICRA revises the ratings for bank facilities of Lahari Power & Steels Limited
December 24, 2009 ICRA reaffirms the LBBB- / A3 ratings for bank facilities of Pon Pure Chem (P) Ltd
December 24, 2009 ICRA assigns LBB+ / A4+ ratings to bank facilities of Color Chemicals
December 24, 2009 ICRA assigns LBB+ / A4+ ratings to bank facilities of Pure Chemicals Co
December 23, 2009 ICRA assigns LB+ rating to bank facilities of ETT Limited
December 23, 2009 ICRA assigns LBBB- and A3 ratings to bank facilities of Manjeet Cotton Private Limited
December 23, 2009 ICRA assigns LBBB- rating to the bank facilities of GMR Kamalanga Energy Limited
December 23, 2009 ICRA assigns LBBB- and A3 ratings to bank facilities of BVSR Constructions Private
Limited
December 23, 2009 ICRA reaffirms the LBBB and A2 ratings for bank facilities of Oriental Carbon &
Chemicals Limited
December 23, 2009 ICRA assigns LBB and A4 ratings to bank facilities of Western Refrigeration Private
Limited
December 23, 2009 ICRA assigns A4 rating to the bank facilities of Vaghasiya Exports
December 23, 2009 ICRA assigns LBB+ and A4+ ratings to bank facilities of Shivam Iron & Steel Company
Limited
December 23, 2009 ICRA assigns LBB and A4 ratings to bank facilities of Baid Texknit Private Limited
December 23, 2009 ICRA Assigns LB+ rating to bank facilities of York Calltech Private Limited
December 23, 2009 ICRA assigns LC and A4 ratings to bank facilities of Sumeet Exports
December 23, 2009 ICRA assigns LBBB- and A3 ratings to the bank facilities of Fritzmeier Motherson Cabin
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Engineering Limited
December 23, 2009 ICRA assigns LB and A4 ratings to bank facilities of Supriya Spinning Mills Limited
December 22, 2009 ICRA reaffirms LA+ and A1+ rating to the enhanced amount of term loans, bank lines
and commercial programme of Shree Renuka Sugars Limited
December 22, 2009 ICRA assigns LBBB+/A2+ ratings to the bank lines of Sharp Menthol India Limited
December 22, 2009 ICRA revises the rating assigned to term loan and fund based/ non fund based limits of
ISGEC HACO Metal Forming Machinery Private Limited
December 22, 2009 ICRA assigns LBBB- and A3 ratings to bank facilities of Saloni Jewellers Private Limited
December 22, 2009 ICRA reaffirms the LD rating for the Non Convertible Debenture Programme of Umang
Dairies Limited (erstwhile J.K. Dairy and Foods Limited)
December 22, 2009 ICRA assigns A4+ rating to enhanced bank facilities of Gopani Iron & Power (India)
Private Limited
December 22, 2009 ICRA revises the rating assigned to the term loans and bank lines of GMR Industries
Limited
December 21, 2009 ICRA reaffirms the LBBB+(SO) rating for the Bond Programmes of Punjab
Infrastructure Development Board
December 21, 2009 ICRA reaffirms the A1+ rating for the CP/ short-term debt programme of HEG Limited
December 21, 2009 ICRA assigns LAA rating to the enhanced Non-Convertible Debenture programme of
Mundra Port and Special Economic Zone Limited; rating under watch with developing
implications
December 21, 2009 ICRA reaffirms the LBB and A4 ratings for bank facilities of Rai Bahadur Narain Singh
Sugar Mills Limited
December 21, 2009 ICRA reaffirms LD rating assigned to Partially Convertible Debenture programme and
Non Convertible Debenture of Pasupati Spinning and Weaving Mills Limited
December 21, 2009 ICRA assigns LBBB and A2 ratings to bank facilities of Pyramid Plastics
December 21, 2009 ICRA revises the ratings for bank facilities of Shemaroo Entertainment Private Limited
December 21, 2009 ICRA assigns LBBB- and A3 ratings to bank facilities of Mahindra Castings Private
Limited; withdraws the ratings for bank facilities of Mahindra Hinoday Industries Limited
December 21, 2009 ICRA assigns LBBB- and A3 ratings to the bank facilities of Laxmi Civil Engineering
Services Private Limited (LCESPL)
December 18, 2009 ICRA reaffirms LA- rating for the bank limits of Great Eastern Energy Corporation
Limited
December 18, 2009 ICRA upgrades the bank line rating of Vizag Seaport Private Limited
December 18, 2009 ICRA assigns LBB and A4 ratings to the bank facilities of Sri Venkatarama Oil
Industries Limited
December 18, 2009 ICRA revises the ratings for bank facilities of Hikal Limited
December 18, 2009 ICRA assigns A3+ ratings to the bank limits of Bangalore Surgicals
December 18, 2009 ICRA reaffirms the LAA- and A1+ ratings for bank facilities; and A1+ rating for
Commercial Paper/ Short Term Debt programme of Motherson Sumi Systems Limited
December 18, 2009 ICRA retains the Construction Grading of CR2+ assigned to B.G. Shirke Construction
Technologies Private Limited
December 17, 2009 3G Services Pose a Challenge for Indian Telecom Operators
December 17, 2009 ICRA assigns LA- and A1 ratings to bank facilities of Sigma Freudenberg NOK Private
Limited
December 17, 2009 ICRA upgrades the short-term rating of Shree Renuka Sugars Limited from A1 to A1+
and reaffirms the long term rating at LA+
December 17, 2009 ICRA assigns the A1 rating to the enhanced Short Term Debt/Commercial Paper
programme of Tata Motors Finance Limited
December 17, 2009 ICRA assigns LBB rating to the term loans of NSL SEZ (Hyderabad) Private Limited
December 17, 2009 ICRA assigns LAA rating to the Innovative Perpetual Debt Instruments of IDBI Bank
December 17, 2009 ICRA reaffirms the LA- rating for bank facilities of ECIL-Rapiscan Limited
December 17, 2009 ICRA assigns A1+ rating to Karur Vysya Bank’s Rs. 10 billion certificate of deposits
programme
December 16, 2009 ICRA reaffirms A1+ rating to Commercial Paper/Short-Term Debt Programme of HCL
Infosystems Limited
December 16, 2009 ICRA reaffirms the LAA-/A1+ rating for bank facilities of Ashok Leyland Limited
December 16, 2009 ICRA reaffirms the LAA-/A1+ rating for bank facilities of Ashok Leyland Limited
December 16, 2009 ICRA upgrades the ratings for bank facilities of Delhi International Airport Private
December 16, 2009 ICRA assigns LBBB- and A3 rating to the bank facilities of Marpol Private Limited
December 16, 2009 ICRA assigns A4+ rating to bank facilities of R. Kantilal & Co
December 16, 2009 ICRA assigns LBBB+ rating to the bank facilities of Roots Corporation Limited
December 16, 2009 ICRA assigns LBB- rating to term loans of Samagra Sikshana Samithi Trust
December 16, 2009 ICRA reaffirms the LAA-/A1+ rating for bank facilities of Taj GVK Hotels & Resorts
December 16, 2009 ICRA reaffirms the A1+ rating for Commercial Paper/ Short Term Debt Programme of
Transport Corporation of India Limited
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Transport Corporation of India Limited

December 16, 2009 ICRA reaffirms iAAA rating for claims paying ability of United India Insurance Company
Limited
December 15, 2009 ICRA assigns LA- and A2+ ratings to the enhanced bank facilities of Tata Advanced
Materials Limited
December 15, 2009 ICRA assigns LBBB and A3+ ratings to the bank facilities of Nile Limited
December 15, 2009 ICRA assigns LBBB- / A3 ratings to bank lines of Bestech India Private Limited
December 15, 2009 ICRA assigns conditional highest-credit-quality ratings to the Pass Through Certificates
backed by car, commercial vehicle and construction equipment loan pool issued by
ILSS 5 Trust 2010
December 15, 2009 ICRA suspends the rating for bank facilities of Tanaaya Gems & Jewellery Exports
Limited
December 15, 2009 ICRA suspends the rating for bank facilities of Jaimin Jewellery Exports Private Limited
December 15, 2009 ICRA assigns LBBB- rating to bank facilities of BSC-C&C Kurali Toll Road Limited
December 14, 2009 ICRA assigns LBBB- and A3 ratings to bank facilities of Sevcon (India) Private Limited;
December 14, 2009 ICRA revises the long term rating and reaffirms short term rating for bank facilities of
Rana Polycot Limited; assigns outlook
December 14, 2009 ICRA reaffirms LAAA ratings to Corporation Bank’s debt programmes
December 14, 2009 ICRA assigns LBB+ and A4+ ratings to bank facilities of Marudhar Industries Limited
December 14, 2009 ICRA Assigns LBB+ rating to bank facilities of ABW Infrastructure Limited
December 14, 2009 ICRA assigns LBB+ rating to bank facilities of Nikiyog Buildwell Private Limited
December 14, 2009 ICRA assigns LB+/A4 ratings to the bank facilities of Vishal Precision Steel Tubes &
Strips Private Limited
December 14, 2009 ICRA places the Issuer rating of Feedback Ventures Private Limited on ‘Notice of
withdrawal’
December 14, 2009 ICRA assigns LBBB- rating to banklines of Pune Kondhwa Realty Private Limited;
December 11, 2009 ICRA assigns LBB+ rating to the bank facilities of St. Sirdi Sai Education Society
Limited
December 11, 2009 ICRA assigns LBBB- rating to bank facilities of Ajeet Seeds Limited
December 11, 2009 ICRA assigns LBBB / A3+ ratings to bank facilities of DEN Networks Limited
December 11, 2009 ICRA assigns LBBB- and A3 ratings to the bank facilities of Mangalam Alloys Limited
December 11, 2009 ICRA assigns a LB+ rating to the long term fund based limits of Little Bee Products
December 11, 2009 ICRA suspends the ratings for bank facilities of Indian Potash Limited
December 11, 2009 ICRA suspends the rating for bank facilities of Anand Silk Mills
December 10, 2009 ICRA release an Update on the Performance of MBS Pools
December 10, 2009 ICRA reaffirms the LAA/A1+ ratings of The Tata Power Company Limited; revises
outlook to positive
December 10, 2009 ICRA revises the long term rating of Media Content and Communication Services India
Limited
December 10, 2009 ICRA assigns LBB and A4 ratings to bank facilities of Skyline Agro Private Limited
December 10, 2009 ICRA assigns conditional LAAA(SO) to the Purchaser Payouts backed by car,
commercial vehicle and construction equipment loan pool originated by Reliance Capital
Limited
December 10, 2009 ICRA assigns high-credit-quality rating to Rs. 0.25 billion Subordinate NCD Programme
December 10, 2009 ICRA revises the short term rating for the bank facilities of Gandhi Enterprises
December 10, 2009 ICRA assigns adequate-credit-quality rating to Rs. 10 billion (enhanced from Rs. 5
billion) long term debt programme of Religare Finvest Limited
December 10, 2009 ICRA assigns LBBB- rating to bank facilities of Sai Silks (Kalamandir) Limited
December 10, 2009 ICRA assigns LA+/A1+ ratings to the bank facilities of Aptech Limited
December 9, 2009 Indian Shipping Companies: Navigating Choppy Seas
December 9, 2009 ICRA assigns LBBB- rating to bank facilities and MA- rating to FD Programme of IBN
18 Broadcast Limited
December 9, 2009 ICRA assigns LAA rating to the enhanced bank facilities of Titan Industries Limited
December 9, 2009 ICRA upgrades ratings of PTC Tranches / Assignee Payouts backed by two
commercial vehicle loan pools originated by ICICI Bank Limited (IBL); reaffirms the
rating of assignee payouts backed by another pool originated by IBL
December 9, 2009 ICRA assigns LBB and A4 ratings to bank facilities of Gangamai Industries and
December 8, 2009 ICRA assigns A1+ rating to the Rs 1.00 billion Commercial Paper programme of Shree
Renuka Sugars Limited
December 8, 2009 ICRA assigns highest credit quality ratings to Baroda Pioneer Public Sector
Undertaking Bond Fund
December 8, 2009 ICRA assigns LBBB+ and A2+ ratings to bank facilities of Mazda Limited
December 8, 2009 ICRA withdraws rating assigned to the PTCs enlisted below, issued under ABS
programme originated by ICICI Bank Limited.
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programme originated by ICICI Bank Limited.

December 8, 2009 ICRA withdraws rating assigned to the PTC Series B issued by Indian Loan
December 8, 2009 ICRA withdraws rating assigned to the Purchaser Payouts under ABS programme of
December 8, 2009 ICRA assigns LB+ and A4 ratings to bank facilities of Rana Girders Limited
December 8, 2009 ICRA assigns A1+(s) to the CP programme (with standby facility from IDBI Bank) of
Zuari Industries Limited
December 7, 2009 ICRA assigns LB rating to the bank facilities of BD & P Hotels (India) Private Limited
December 7, 2009 ICRA assigns LA- rating to the enhanced limits of Tata Metaliks Limited
December 7, 2009 ICRA assigns LBBB- and A3 ratings to the bank facilities of Khanna Industrial Pipes
Private Limited
December 7, 2009 ICRA assigns LBBB and A3+ ratings to the bank facilities of Quality Engineering and
Software Technologies Private Limited
December 7, 2009 ICRA reaffirms MA- rating to Fixed Deposit Programme of The Delhi Safe Deposit
Company Limited
December 7, 2009 ICRA reaffirms the LBBB- and A3 ratings to bank facilities of Action International
December 7, 2009 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of Kabeer Textiles Private
Limited
December 7, 2009 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of Micro Industrial
Corporation
December 7, 2009 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of Mahan Plastics Private
Limited
December 7, 2009 ICRA reaffirms the LBBB and A3+ ratings for bank facilities of Nikhil Footwears Private
Limited
December 7, 2009 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of Nikhil International
December 7, 2009 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of Nikhil Udyog
December 7, 2009 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of Sanchit Polymers
December 7, 2009 ICRA revises the ratings for bank facilities of Balaji Powertronics
December 7, 2009 ICRA reaffirms the LA- and A1 ratings for bank facilities of Maxpower Infosystems
December 7, 2009 ICRA reaffirms the LBBB+ and A2+ ratings for bank facilities of Microtek International
Private Limited
December 7, 2009 ICRA assigns A3 rating to bank facilities of Suncity Art Exporters
December 7, 2009 ICRA assigns LBB rating to bank facilities of Patwa Automotive Private Limited
December 7, 2009 ICRA reaffirms ratings to various debt programme of IL&FS Limited
December 7, 2009 ICRA Assigns Highest Credit Quality Rating to IL&FS Financial Services Limted’s Short
Term debt Programme
December 4, 2009 ICRA assigns LBB+ rating to bank facilities of Iqu Power Company Private Limited
December 4, 2009 ICRA revises the rating assigned to term loans of L&T - Chennai Tada Tollway Private
Limited
December 4, 2009 ICRA assigns LBBB- rating to bank facilities of Adani Agri Logistics Limited
December 4, 2009 ICRA assigns LBB rating to bank facilities of Kallam Agro Products & Oils (P) Limited
December 4, 2009 ICRA re-affirms the LA- and A1 ratings for bank facilities of Kalyani Hayes Lemmerz
Limited (erstwhile Kalyani Lemmerz Limited)
December 4, 2009 ICRA assigns LA rating to NCD programme of Country Club India Limited
December 4, 2009 ICRA assigns LBB+ and A4+ ratings to bank facilities of Chepar Plastics Private Limited
December 4, 2009 ICRA assigns LBB+ and A4+ ratings to bank facilities of Golden Tobacco Limited
December 4, 2009 ICRA assigns LBB rating to bank facilities of Paralam Global Private Limited
December 4, 2009 ICRA assigns LBBB- rating to bank facilities of Artefact Projects Limited
December 4, 2009 ICRA assigns LBB and A4 ratings to the bank facilities of Steamline Industries Limited
December 4, 2009 ICRA revises the ratings for bank facilities of GMR Power Corporation Limited, rated
amount enhanced
December 4, 2009 ICRA assigns a conditional LA+ (SO) rating to the proposed term loans of Karnataka
Water and Sanitation Pooled Fund
December 3, 2009 ICRA assigns LBBB-/A3 ratings to bank lines of JSK Hotels Private Limited
December 3, 2009 ICRA assigns LBBB and A3 ratings to bank facilities of Space Matrix Limited
December 3, 2009 ICRA assigns A3 rating to the enhanced bank limits of Tanna Agro Impex Private
Limited
December 3, 2009 ICRA revises the ratings outstanding against the bank facilities of Easun Reyrolle
Limited
December 2, 2009 ICRA reaffirms LAA and A1+ ratings outstanding against the bank facilities of
Maharashtra Seamless Limited (MSL); assigns stable outlook
December 2, 2009 ICRA has reaffirmed the LAA+ & A1+ ratings of Mahindra & Mahindra Limited
December 2, 2009 ICRA reaffirms the A3 rating assigned to the fund based facilities of Dharmanandan
Diamond Private Limited
December 2, 2009 ICRA revises the rating outstanding against the bank facilities of Quintegra Solutions
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December 2, 2009 ICRA revises the rating outstanding against the bank facilities of Quintegra Solutions
Limited
December 2, 2009 ICRA assigns LA+ (SO) and A1+ (SO) ratings to the bank facilities of Isolloyd
Engineering Technologies Limited
December 2, 2009 ICRA reaffirms the LBBB- and A3 ratings outstanding against the bank facilities of VS
Lignite Power Private Limited
December 2, 2009 ICRA re-affirms LA- and A2+ ratings to the bank facilities of Greenply Industries
Limited; Rating amount enhanced
December 2, 2009 ICRA Assigns High Credit Quality Rating to Edelweiss Capital Limited Long Term Non
Principal Protected Equity Liked Debenture programme
December 2, 2009 ICRA assigns LA+ to the Hybrid Tier I Bonds Programme of Yes Bank Limited
December 2, 2009 ICRA revises the long-term rating outstanding against the bank facilities of Reliance
Telecom Limited from LAAA to LAA+; reaffirms the short-term rating at A1+
December 2, 2009 ICRA assigns LBB+ and A4+ rating to the bank facilities of Krishnaveni Sugars Limited
December 1, 2009 ICRA assigns LBBB+ and A2+ ratings to the bank facilities of Omnitech InfoSolutions
Limited
December 1, 2009 ICRA assigns LBB and A4 ratings to the bank facilities of M/s Marudhar Fashions
December 1, 2009 ICRA reaffirms A2+ rating assigned to Rs. 500 million Commercial Paper/Short term
Debt Programme of Bengal Ambuja Housing Development Limited
December 1, 2009 ICRA revises the ratings outstanding against the bank facilities of Teledata Marine
Solutions Limited
December 1, 2009 ICRA revises the ratings outstanding against the bank facilities of Teledata Informatics
Limited
December 1, 2009 ICRA upgrades bank loan ratings of Share Microfin Limited to LBBB+/A2+
December 1, 2009 ICRA upgrades the short term rating and assigns LA rating to the bank lines of Oil
Country Tubular Limited
December 1, 2009 ICRA suspends the rating of LD assigned to the Partially Convertible Debenture
Programme of SB Petroleum (Port Terminals) Limited
December 1, 2009 ICRA assigns LAA+(SO) and LAA to bank lines of Thermax Engineering Construction
Company Limited
December 1, 2009 ICRA assigns LBB+ and A4+ ratings to the bank facilities of Bharat Rail Automations
Private Limited (BRAPL)
December 1, 2009 ICRA upgrades long term ratings of Central Bank of India
December 1, 2009 ICRA upgrades the ratings assigned to the bank facilities of Hyderabad Industries
Limited; assigns LA / A1+ ratings to the NCD and CP programme respectively
December 1, 2009 ICRA reaffirms the LAA rating assigned to the Rs. 2.75 billion Tier II bond programme
of UCO Bank; assigns positive outlook to the rating.
November 30, 2009 ICRA revises the ratings assigned to the bank facilities of Chennai Container Terminal
Private Limited; places ratings on watch with negative implications
November 30, 2009 ICRA revises the ratings assigned to the bank facilities of Nhava Sheva International
Container Terminal Private Limited; places ratings on watch with negative implications
November 30, 2009 ICRA assigns LA (SO) and A2 ratings to the bank facilities of Mundra International
Container Terminal Private Limited; places the ratings on watch with negative
implications
November 30, 2009 ICRA assigns LAA rating to Rs. 10 billion NCD programme and Rs. 5 billion bank loans
of Kotak Mahindra Prime Limited; reaffirms ratings assigned earlier
November 30, 2009 ICRA assigns LBB / A4 ratings to the bank facilities of Stanpacks (india) Limited
November 30, 2009 ICRA reaffirms the LBBB- and A3 ratings outstanding against the bank facilities of Sri
Vishnu Shankar Mill Limited, and assigns LBBB- and A3 ratings to the enhanced bank
facilities
November 30, 2009 ICRA assigns LAA/A1+ ratings to the Non-Convertible Debenture/ Commercial Paper
programme of Mundra Port and Special Economic Zone Limited; ratings under watch
November 30, 2009 ICRA assigns A3 rating to the enhanced non fund based bank limits of Jaguar Overseas
Limited
November 30, 2009 ICRA assigns LBBB rating to bank lines of Vijay Nirman Company Private Limited
November 30, 2009 ICRA reaffirms mfAAA rating to DSP BlackRock Strategic Bond Fund
November 27, 2009 INDIAN HOTELS INDUSTRY: Economic slowdown hits profitability
November 27, 2009 ICRA signs MoU for rating MSME clients of PNB
November 27, 2009 ICRA signs MoU for rating MSME clients of State Bank of Hyderabad
November 27, 2009 ICRA assigns highest-credit-quality rating to the Rs. 150 billion certificate of deposit
programme of State Bank of Patiala
November 27, 2009 ICRA withdraws “A1+” rating assigned to the Certificate of Deposits Programme of
Chinatrust Commercial Bank, New Delhi Branch
November 27, 2009 ICRA assigns LBB+ rating to the term loan of T A Pai Management Institute
November 27, 2009 ICRA reaffirms the LA+ and A1+ ratings outstanding against the bank facilities of
Ushodaya Enterprises Private Limited
November 27, 2009 ICRA assigns LA- and A2+ ratings to the bank facilities of Tata Advanced Materials
Limited
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November 26, 2009 ICRA assigns LBBB-/ A3 rating to the bank facilities of JBM Auto Limited
November 26, 2009 ICRA assigns LBB+/ A4+ rating to the bank facilities of JBM MA Automotive Private
Limited
November 26, 2009 ICRA assigns LBBB- and A3 rating to Bank Limits of Sai Regency Power Corporation
Limited (SRPCL)
November 26, 2009 ICRA assigns LBB-/A4 to bank limits of Navya Industries Private Limited
November 26, 2009 ICRA reaffirms LBBB-/ A3 ratings to the bank limits of Thanjavur Spinning Mill Limited
November 26, 2009 ICRA reaffirms LBBB-/ A3 ratings to the bank limits of Sandhya Spinning Mill Limited
November 26, 2009 ICRA reaffirms a rating of LBBB+ and A2+ to the Basel II lines of Relaxo Footwear
Limited
November 26, 2009 ICRA withdraws the rating for the Commercial Paper Programme of Machino Polymers
Limited
November 26, 2009 ICRA assigns LBB+/A4+ rating to the bank credit lines of Shyam Industries
November 26, 2009 ICRA assigns LBB- and A4 rating to the bank limits of Tex-Styles International Private
Limited
November 26, 2009 ICRA assigns LBBB- and A3 ratings to the bank limits of Vinayak Steels Limited
November 26, 2009 ICRA assigns LBBB-(SO) rating to the bank limits of MCS Constructions Private Limited
November 26, 2009 ICRA assigns an A4 rating to the bank limits of Oopal Diamond
November 25, 2009 ICRA reaffirms mfA1+ratings to the debt schemes of SBI Funds Management Private
Limited
November 25, 2009 ICRA reaffirms mfAAA (SO) to SBI Capital Protection Oriented Fund – Series I
November 25, 2009 ICRA reaffirms highest credit quality rating to debt schemes of Mirae Asset Mutual Fund
November 25, 2009 ICRA reaffirms ratings assigned to schemes of Kotak Mahindra Mutual fund
November 25, 2009 ICRA Assigns LBB+ rating to bank limits of Dass Electric Trading Company Private
Limited
November 25, 2009 ICRA assigns LBB-/A4 ratings to the bank limits of Asaco Private Limited
November 25, 2009 ICRA assigns IPO Grade 4 to the proposed IPO of Godrej Properties Limited
November 25, 2009 ICRA assigns A4+ rating to the bank limits of Osia Gems Private Limited
November 25, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of Kotak Urja Private Limited
November 25, 2009 ICRA reaffirms highest credit quality rating to AIG Short Term Fund
November 25, 2009 ICRA assigns A2 and LBBB+ rating to the bank limits of Camphor and Allied Products
Limited
November 25, 2009 ICRA has reaffirmed the LBBB (L triple B) rating assigned to the Rs. 5.40 billion long
term loans of Offbeat Developers Private Limited (ODPL)
November 25, 2009 ICRA re-affirms the LAA/A1+ ratings of Tata Tea Limited
November 24, 2009 ICRA revises the assigned rating of LA-/A1 ratings (earlier on the rating watch with
developing implications) to LBBB- (with negative outlook)/A3 to the bank limits of CMS
Computers Limited
November 24, 2009 ICRA’s first-ever rating in overseas market
Nepal Investment Bank Limited rated [Nepal] A
November 24, 2009 ICRA assigns LBB+ rating to the bank lines of Shrinet and Shandilya Construction
Private Limited
November 24, 2009 ICRA assigns LBB and A4 ratings to the bank lines of Hindprakash Tradelink Private
Limited (HTPL)
November 24, 2009 ICRA downgrades the long-term rating of Uniword Telecom Limited to LC; reaffirms the
short-term rating of A4
November 24, 2009 ICRA assigns LBB+/A4+ rating to bank limits of Venkateswara Wires Private Limited
November 24, 2009 ICRA assigns LBB rating to the bank limits of Auto Carriage Private Limited
November 24, 2009 ICRA Assigns High Credit Quality Rating to Edelweiss Capital Ltd’s Long Term Non
November 24, 2009 ICRA assigns LBB+ to the bank lines of Frostees Export (India) Private Limited
November 24, 2009 ICRA assigns LA (SO), A1 (SO) and A2+ (SO) ratings to the bank lines of Forbes
Technosys Limited
November 24, 2009 ICRA revises the ratings assigned to the bank limits of Impact Safety Glass Works Pvt.
Ltd.
November 24, 2009 ICRA upgrades the ratings of Kudos Chemie Limited
November 24, 2009 ICRA reaffirms ratings of Kotak Mahindra Bank Limited
November 24, 2009 ICRA reaffirms LAA / A1+ ratings for various debt programme of Kotak Securities
Limited
November 24, 2009 ICRA reaffirms LAA- / A1+ ratings for various debt programme of Kotak Mahindra
Investment Limited
November 24, 2009 ICRA assigns a rating of LBB+ and A4+ to the Basel II lines of Paltech Cooling Towers
and Equipments Limited
November 24, 2009 ICRA Assigns LBBB- rating to the bank lines of SSTA Logistics (India) Private Limited
November 24, 2009 ICRA upgrades ratings assigned to the enhanced bank lines of Samalpatti Power
Corporation Private Limited to LA / A1
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November 24, 2009 ICRA assigns LBB ratings to the bank lines of Vardhman Agencies Private Limited
(VAPL)
November 23, 2009 ICRA reaffirms the MA– rating to the Fixed Deposit Programme and LBBB rating to the
bank lines of SE Investments Limited, withdraws rating assigned earlier to the NCD
Programme
November 23, 2009 ICRA assigns LB-/A4 rating to the bank lines of India Denim Limited
November 23, 2009 ICRA reaffirms LBBB / A2 ratings assigned to bank lines of MBL Infrastructures Limited
November 23, 2009 ICRA reaffirms A3 rating to the bank limits of Tanna Agro Impex Private Limited
November 20, 2009 ICRA revises the issuer rating assigned to The Shipping Corporation of India
November 20, 2009 ICRA re-affirms LAA+ and A1+ ratings to the bank lines of Thermax Limited
November 20, 2009 ICRA Revises the Long Term rating of Tamil Nadu Newsprint and Papers Limited
November 20, 2009 ICRA assigns LBB/A4 ratings to the bank lines of Diamond Industries (Ship Breaking
Division).
November 20, 2009 ICRA reaffirms highest credit quality ratings to debt programmes of Bank of Baroda
November 20, 2009 ICRA reaffirms highest credit quality ratings to debt programmes of Bank of Baroda
November 20, 2009 ICRA removes rating of Nehru Place Hotels Limited from watch, re-affirms LA- rating for
its bank lines
November 20, 2009 ICRA removes rating of Hotel Excelsior from watch, re-affirms LA- rating for its bank
lines
November 19, 2009 Brokerage Houses: Performance Update - Profitability improves aided by revival in
capital market sentiments; implications of proposed structural changes yet to be seen
November 19, 2009 ICRA releases an update on the performance of ABS pools
November 19, 2009 ICRA assigns LBB+ rating to the bank lines of Kimaya Fashions Private Limted
November 19, 2009 ICRA assigns LBBB- and A3 rating to bank lines of Kajaria Ceramics Limited
November 19, 2009 ICRA assigns LBBB rating to bank lines of Dilip Buildcon Private Limited
November 19, 2009 ICRA suspends the rating of LD assigned to the debt instruments of Parasrampuria
Synthetics Limited
November 19, 2009 ICRA downgrades the ratings assigned to the bank lines and CP programme of Tanfac
Industries to LBBB+/A2+
November 18, 2009 ICRA assigns provisional LA+(SO) rating to the Rs. 1 billion bond programme of KSFC
November 18, 2009 Impact of Increased Competition on Mobile Service Industry
November 18, 2009 ICRA assigns LBB+/ A4+ to the bank lines of Mithra Agencies
November 18, 2009 ICRA assigns LB/A4 rating to the bank lines of Casil Industries Limited
November 18, 2009 ICRA assigns LBB rating to the term loan of Sofed Retailer Private Limited
November 18, 2009 ICRA assigns LBBB-/A3 ratings to the bank lines of Sungro Seeds Limited
November 18, 2009 ICRA assigns LBB/ A4 rating to the bank lines of Sanaa Syntex Private Limited
November 18, 2009 ICRA assigns A1+ rating to the enhanced CP / STD Programme and LAA- rating (with
Stable Outlook) to the NCD Programme of Telco Construction Equipment Company
Limited
November 18, 2009 ICRA assigns A1+ rating to enhanced CP limits of L&T Komatsu Limited
November 18, 2009 ICRA assigns LBBB/A3+ ratings to the bank lines of G R Thanga Maligai (Firm)
November 18, 2009 ICRA assigns LBBB/A3+ ratings to the bank lines of G R Thanga Maligai and Sons
November 18, 2009 ICRA assigns LBBB/A3+ ratings to the bank lines of G R Thanga Maligai Jewellers
Private Limited
November 18, 2009 ICRA assigns LBBB/A3+ ratings to the bank lines of G R Thanga Maligai
November 18, 2009 ICRA reaffirms LA+ and A1 ratings of ICSA (India) Limited for an enhanced amount
November 17, 2009 ICRA revises long term rating of Reliance Communications Limited; re-affirms
short-term rating
November 17, 2009 ICRA assigns LBB+/A4+ rating to the bank lines of Mehta & Associates Fire Protection
Systems Private Limited
November 17, 2009 ICRA assigns LBBB-/A3 to bank limits of Troikaa Pharmaceuticals Limited
November 17, 2009 ICRA assigns LBB+/A4+ rating to the bank lines of Sara Exports Limited
November 17, 2009 ICRA reaffirms highest credit quality ratings to Principal Mutual Funds debt schemes
November 17, 2009 ICRA withdraws rating assigned to the Purchaser Payouts backed by a pool of
receivables originated by Tata Motors Limited
November 17, 2009 ICRA revises the ratings assigned to the bank lines of Rathi Steel and Power Limited
(erstwhile Rathi Udyog Limited)
November 16, 2009 ICRA Signs Credit Rating JV Agreement in Nepal
November 16, 2009 ICRA assigns a rating of LBB- to the Basel II lines of Shri Hiranyakeshi Sahakari
Sakkare Karkhane Niyamit
November 16, 2009 ICRA retains A4 rating to bank facilities of Dilshad Trading Company Private Limited
November 16, 2009 ICRA assigns LBB rating to the bank limits of Magnum Steels
November 16, 2009 ICRA assigns LBBB / A3+ ratings to the bank lines of K.H. Shoes Private Limited
November 16, 2009 ICRA assigns an A4+ rating to Rs. 540 million fund based limits of D. Nitin & Co.
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November 16, 2009 ICRA assigns LBBB- rating to bank limits of Sharda Maa Enterprises Private Limited
November 16, 2009 ICRA assigns an Issuer rating of IrA- to West Bengal State Electricity Distribution
Company Limited
November 14, 2009 ICRA assigns LBB+/A4+ ratings to the bank limits of SNC Power Corporation (P)
Limited
November 14, 2009 ICRA upgrades the long term rating of International Tractors Limited from LA+ to LAA-
November 14, 2009 ICRA assigns LBB- rating to the bank limits of Dreamz Achievers India Private Limited
November 14, 2009 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisation
programmes of ICICI Bank Limited.
November 14, 2009 ICRA assigns LBB+ rating to the term loans of Empee Sugars and Chemicals Limited
(ESCL)
November 14, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of Matrix Clothing Private Limited
November 14, 2009 ICRA reaffirms LA-/A1 rating to the bank facilities of Bharat Seats Limited
November 14, 2009 ICRA Assigns High Credit Quality Rating to Edelweiss Capital Limited’s Long Term Non
November 14, 2009 ICRA reaffirms LBBB- and A3 ratings to the bank limits of Rajapalayam Mills Limited
November 14, 2009 ICRA assigns LAA+ rating to the Rs. 5 billion Non Convertible Debenture Programme
and A1+ rating to enhanced Short Term Debt programme and re-affirms outstanding
ratings of Tata Capital Limited
November 14, 2009 ICRA assigns LAA rating to the Upper Tier II bonds and A1+ to the enhanced
Certificate of Deposits Programme of IDBI Bank
November 12, 2009 ICRA assigns conditional A1+(SO) ratings to the PTCs under loan securitisation
programme of ICICI Bank Limited - TIL Loan Securitisation Trust Series 76
November 12, 2009 ICRA Assigns Highest Credit Quality Rating to STCI Primary Dealer Limited’s Enhanced
Short Term Debt Programme
November 12, 2009 ICRA assigns LBB+ / A4+ rating to the bank limits of Gopani Iron & Power (India)
Private Limited
November 12, 2009 ICRA reaffirms its LBBB/ A3+ ratings for Keventer Agro Limited
November 12, 2009 ICRA assigns LBB/A4 ratings to the bank lines of Hari Tag Exports Private Limited
November 12, 2009 ICRA re-affirms the LAA/ A1+ ratings of Tata Refractories Limited
November 11, 2009 ICRA reaffirms LAAA (SO) ratings of 8 PTC tranches / assignee payouts and
downgrades the rating of 1 PTC tranche backed by Personal Loan and Small Ticket
Personal Loan receivable pools originated by ICICI Bank Limited (IBL)
November 11, 2009 ICRA assigns LBBB+/ A2 ratings to the bank limits of Bommidala Brothers
November 11, 2009 ICRA assigns LBBB+/ A2 ratings to the bank limits of Bommidala Enterprises Private
Limited
November 11, 2009 ICRA assigns LBBB- rating to the term loan programme of Meredian Shipping Agency
Private Limited
November 11, 2009 ICRA reaffirms LBBB-/A3 ratings assigned to bank lines of NCL Industries Limited
November 11, 2009 ICRA assigns LBBB+/ A2 ratings to the bank limits of Premier Tobacco Packers Private
Limited
November 11, 2009 ICRA assigns LB+ rating to the bank lines of Pranjal Infrastructure Private Limited
November 11, 2009 ICRA reaffirms LA-/A1 ratings for the bank facilities of RFCL Limited
November 11, 2009 ICRA assigns LA-/A1 ratings to the bank facilities of Vetnex Animal Health Limited;
ratings under watch with developing implications
November 11, 2009 ICRA places LAA/ A1+ ratings of Metso Minerals (India) Private Limited on rating watch
with negative implications
November 11, 2009 ICRA assigns conditional highest-credit-quality ratings to the Pass Through Certificates
backed by car, commercial vehicle and construction equipment loan pool originated by
Reliance Capital Limited
November 10, 2009 ICRA reaffirms LBBB- and A3 ratings to the bank limits of The Ramaraju Surgical
Cotton Mills Limited
November 10, 2009 ICRA revises the long term rating assigned to the debt programme of Chennai
Container Terminal Private Limited; negative outlook retained
November 10, 2009 ICRA re-affirms various ratings of Intime Spectrum Securities Limited
November 10, 2009 ICRA assigns LBBB- rating to the bank lines of Kalyan Toll Infrastructure Limited
November 10, 2009 ICRA assigns highest-credit-quality rating to the enhanced commercial paper/Short
term debt programme of National Housing Bank
November 10, 2009 ICRA revises the long term rating assigned to the debt programme of Nhava Sheva
International Container Terminal Private Limited; negative outlook retained
November 10, 2009 ICRA assigns LBBB-/ A3 ratings to bank limits of NSSL Limited
November 10, 2009 ICRA assigns LA- rating to the term loan limits of Phoenix Mills Limited
November 10, 2009 ICRA assigns LBBB- and A3 ratings to the bank limits of Coastal Energy Private Limited
November 10, 2009 ICRA assigns LBB rating to the bank facilities of Poddar Business Private Limited
November 10, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of Aerostar Helmets Limited
November 10, 2009 ICRA reaffirms LAAA & A1+ ratings for Tata Sons Limited
November 10, 2009 ICRA places ratings of Zee News Limited on rating watch with developing implications
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November 10, 2009 ICRA places ratings of Zee News Limited on rating watch with developing implications
November 9, 2009 Indian Upstream Sector: Growth Prospects Favourable Even As Regulatory
Uncertainties Remain
November 9, 2009 ICRA upgrades the ratings assigned to Nahar Industrial Enterprise Limited’s bank lines
November 9, 2009 ICRA downgrades the ratings assigned to the bank limits of Jay Polychem (India)
Limited to LBB/A4
November 9, 2009 ICRA reaffirms bank line/ CP ratings of Wheels India Limited
November 9, 2009 ICRA reaffirms LAA-, MAA- and A1+ ratings to debt programmes of Dalmia Cement
(Bharat) Limited
November 9, 2009 ICRA assigns LBB-/A4 rating to the bank credit lines of Sakku Spinning Mills Limited
November 9, 2009 ICRA reaffirms LA- rating to the fund based limits and A1 rating to non fund based limits
of Hindusthan Vidyut Products Limited
November 6, 2009 ICRA upgrades the ratings on Reliance Floating Rate Fund; reaffirms highest credit
quality rating to other schemes of Reliance Mutual fund
November 6, 2009 ICRA assigns LBB+ rating to the bank limits of Ramprastha Promoters & Developers
Private Limited
November 6, 2009 ICRA assigns LBBB- rating to the term loans of Ajnara Farms and Services Limited
November 6, 2009 ICRA assigns conditional A1+(SO) ratings to the PTCs under loan securitisation
programme of ICICI Bank Limited - CPCL Loan Securitisation Trust Series 72
November 6, 2009 ICRA assigns LBBB- rating to the bank lines of Varahi Diamonds and Finance Limited
November 6, 2009 ICRA reaffirms highest credit quality rating to schemes of CANARA ROBECO Mutual
Fund
November 6, 2009 ICRA assigns LBBB/A3+ ratings to the bank lines of Rama Panels Private Limited
November 6, 2009 ICRA assigns LBBB- ratings to bank lines of Apollo Hospital International Limited
November 6, 2009 ICRA assigns LAAA rating to the Long Term Bond Programme and A1+ rating to the
Short Term Debt/Commercial Paper of ONGC Videsh Limited
November 5, 2009 ICRA places the ratings assigned to Mundra Port and Special Economic Zone Limited
on rating watch with developing implications
November 5, 2009 ICRA assigns LBB rating to the Bank lines of Idupulapadu Cotton Mills Limited
November 5, 2009 ICRA assigns LBB+ rating to the Bank lines of Bhagwati Power & Steel Limited
November 5, 2009 ICRA reaffirms highest-credit-quality ratings assigned earlier to the outstanding
subordinated debt programme of SBI Cards and Payment Services Limited
November 5, 2009 ICRA reaffirms LBB and A4 ratings to the bank limits of Prasuna Vamsikrishna Spinning
November 5, 2009 ICRA assigns LBBB / A3+ ratings to the bank lines of Rabia Leather Industries Private
Limited
November 5, 2009 ICRA assigns A3+ ratings to the bank lines of K.H. Arind Private Limited
November 5, 2009 ICRA assigns A3+ ratings to the bank lines of M.A. Khizar Hussain & Sons
November 5, 2009 ICRA assigns LBB+ / A4+ ratings to the bank lines of Balaji Agro Oils Limited
November 5, 2009 ICRA assigns the ratings at LBBB on the bank lines of Western Region Transmission
(Gujarat) Private Limited
November 5, 2009 ICRA assigns the ratings at LBBB on the bank lines of Western Region Transmission
(Maharashtra) Private Limited
November 4, 2009 ICRA upgrades Indian Bank’s Lower Tier II bond rating to LAA+ with a positive outlook
from LAA
November 4, 2009 ICRA assigns LB+/A4 ratings to the bank lines of Pioneer Distilleries Limited
November 4, 2009 ICRA reaffirms LBBB+/A2+ rating to the bank facilities of Lumax Industries Limited
November 4, 2009 ICRA re-affirms LAA rating for enhanced bank lines of Jindal Power Limited; assigns
A1+ rating to its short-term bank limits
November 4, 2009 ICRA re-affirms Jindal Steel and Power Limited (JSPL)’s ratings; assigns ratings to
enhanced amounts
November 4, 2009 ICRA assigns LBB+/A4+ rating to the bank lines of Religare Aviation Limited
November 4, 2009 ICRA assign LBBB-/A3 ratings to Basel – II bank lines of Dimensional Securities Private
Limited
November 4, 2009 ICRA assigns LAA- rating to long term bank loans and A1+ to short term bank loans of
National Cooperative Development Corporation
November 4, 2009 ICRA keeps the ratings outstanding on KEC International Limited under Rating watch
November 4, 2009 ICRA assigns LBBB+/A2+ to the bank limits of Vuppalamritha Magnetic Components
Limited
November 3, 2009 ICRA assigns LBBB-/ A3 ratings to the bank limits of Dynamic Techno Medicals Private
Limited
November 3, 2009 ICRA assigns LB and A4 ratings to the bank limits of Tirupathi Yarntex Spinners Private
Limited
November 3, 2009 ICRA assigns LBBB- / A3 rating to the bank facilities of Vidya Wires Private Limited
November 3, 2009 ICRA assigns an Issuer Rating of IrBBB- to Ulhasnagar Municipal Corporation
November 3, 2009 ICRA assigns LBBB and A2 ratings to the bank lines and A2 rating to the Commercial
Paper programme of Gokul Refoils & Solvents Limited (GRSL)
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Paper programme of Gokul Refoils & Solvents Limited (GRSL)

October 31, 2009 ICRA Limited: Unaudited Financial Results for the Second Quarter and the Half Year
ended September 30, 2009
October 30, 2009 ICRA reaffirms the highest-credit-quality rating assigned to Commercial Paper/ Short
Term Debt of National Housing Bank
October 30, 2009 ICRA assigns LB+/A4 rating to the bank credit lines of Shiva Speciality Yarns Limited
October 30, 2009 ICRA assigns LBBB-/A3 to bank limits of Duplex Wires Private Limited
October 30, 2009 ICRA assigns LBB/A4 rating to the bank lines of Maliwal Impex Private Limited
October 30, 2009 ICRA assigns LBB+ rating to the bank lines of Island Star Mall Developers Private
Limited (ISMD)
October 30, 2009 ICRA assigns LB/A4 rating to the bank limits of Conros Steels Private Limited
October 30, 2009 ICRA assigns conditional A1+(SO) ratings to the PTCs under loan securitisation
programme of Axis Bank - Corporate Debt Trust 2009-10 Series 4
October 30, 2009 ICRA assigns LBBB-/ A3 rating to the bank facilities of Thai Summit Neel Auto Private
Limited
October 30, 2009 ICRA assigns LBB rating to the bank lines of Netalkar Power Transmission
October 30, 2009 ICRA reaffirms ratings of schemes of Tata Mutual Fund
October 30, 2009 ICRA reaffirms highest credit quality ratings to schemes of HDFC Mutual fund
October 30, 2009 ICRA assigns LBB+/A4+ ratings to the bank limits of Anupama Steels Limited
October 30, 2009 ICRA assigns LBBB+/A2+ ratings to the bank limits of BLA Industries Private Limited
October 30, 2009 ICRA assigns LBB+/A4+ ratings to the bank limits of Metal Ore
October 30, 2009 ICRA assigns LAAA ratings to Rs. 5 billion Long-term Bonds Programme of NCR
Planning Board, reaffirms the ratings assigned earlier
October 30, 2009 ICRA assigns LBB/A4 ratings to the bank lines of Stanley Lifestyles Limited
October 29, 2009 ICRA assigns LBB- rating to the bank lines of ABS Mercantile Private Limited
October 29, 2009 ICRA assigns LBB+/A4+ rating to the bank lines of Next Wave India
October 29, 2009 ICRA assigns A1+ rating to the enhanced short term bank lines of SBI Mutual Fund
October 29, 2009 ICRA re-affirms the rating to the bank lines of Sri Dhanalakshmi Cotton & Rice Mills
Private Limited
October 29, 2009 ICRA assigns an LBB and A4 rating to the bank lines of Devu Tools Private Limited
October 29, 2009 ICRA upgrades the ratings assigned to the bank lines of PMC Rubber Chemicals India
Private Limited
October 29, 2009 ICRA Revises ratings for bank lines of Gemini Communication Limited
October 29, 2009 ICRA assigns LA-(SO) and A2+(SO) ratings to the bank lines of Sterling Projects and
Engineering Limited
October 29, 2009 ICRA upgrades the long term debt ratings of Union Bank of India
October 29, 2009 ICRA assigns LBBB-/A3 rating to bank limits of Unique Structures and Towers Limited
October 29, 2009 ICRA assigns A4+ rating to the bank facilities of Chamong Tee Exports (P) Limited
October 29, 2009 ICRA assigns LAA+ rating to Lupin Limited
October 29, 2009 ICRA withdraws rating assigned to the Fixed Deposit Programme of Rane Madras
Limited
October 29, 2009 ICRA assigns LBB rating to proposed term loans of Wave Silver Tower Private Limited
October 29, 2009 ICRA assigns LBBB-/A3 ratings to the bank limits of STEER Engineering Private Limited
October 28, 2009 Upgrades escalate in H1, 2009-10; number of downgrades still high
October 28, 2009 ICRA reaffirms all outstanding ratings of Indian Overseas Bank
October 28, 2009 ICRA reaffirms highest credit quality rating on Reliance Capital Limited’s Short Term
Debt Programme
October 28, 2009 ICRA reaffirms ratings assigned to the debt facilities of Jaiprakash Associates Limited
October 28, 2009 ICRA assigns LBB rating to bank lines of Bhavya Constructions Private Limited
October 28, 2009 ICRA revises the rating for the Bond Programme of Maharashtra State Electricity Board
October 28, 2009 ICRA assigns LBB rating to the bank limits of Mukesh Industries Limited
October 28, 2009 ICRA upgrades the rating for fund based limits to LBBB+ and reaffirms the A2 rating
assigned to non fund based limits of Orient Ceramics & Industries Limited
October 28, 2009 ICRA assigns LBBB rating to the bank lines of Munjal Kiriu Industries Private Limited
October 28, 2009 ICRA assigns LBB+/A4+ rating to the bank limits of Anmol Steel Processors Private
Limited
October 28, 2009 ICRA reaffirms LBBB and A3+ rating to debt programmes of Somany Ceramics Limited
October 27, 2009 ICRA assigns LAA rating to Jindal Steel & Power Limited’s NCD Programme
October 27, 2009 ICRA upgrades ratings of various debt programmes of Axis Bank
October 27, 2009 ICRA assigns A4+ rating to bank limits of S.B. & T. Designs Limited
October 27, 2009 ICRA assigns LA+/A1+ rating to the bank limits of Mahindra Logistics Limited
October 27, 2009 ICRA revises the rating assigned to the bank lines of Laxmi Diamond Private Limited
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October 27, 2009 ICRA assigns LA-/A2+ rating to the bank limits of CTR Manufacturing Industries Limited
October 26, 2009 ICRA assigns IPO Grade 2 to the proposed IPO of MBL Infrastructures Limited
October 26, 2009 ICRA assigns LBB/A4 ratings to the bank limits of Jhunjhunwala Oil Mills Limited
October 26, 2009 ICRA upgrades the long term and short term ratings on the bank lines of VA Tech
WABAG Limited
October 26, 2009 ICRA upgrades the long term debt ratings of Bank of India
October 26, 2009 ICRA assigns LBB- rating to the bank lines of Lahoti Terra Knitfab Limited
October 26, 2009 ICRA assigns iAAA rating to claims paying ability of ICICI Prudential Life Insurance
Company Limited
October 26, 2009 ICRA revises the rating assigned to the bank lines of Advantec Coils Private Limited
October 23, 2009 ICRA assigns LAA/ A1+ ratings to bank limits of Zensar Technologies Limited
programme of Kotak Mahindra Bank Limited (KMBL) CLSS 2 Trust 2010
October 23, 2009 ICRA withdraws ratings assigned to Senior PTCs backed by loan pool originated by
SREI Equipment Finance Private Limited
October 23, 2009 ICRA assigns LA/A1 ratings to the bank lines of AVI Oil India Private Limited
October 23, 2009 ICRA assigns LBB and A4 ratings to the bank limits of Tulsyan NEC Limited
October 23, 2009 ICRA assigns LBB+ & A4+ ratings to the bank lines of Union Chains & Jewellery Private
Limited
October 23, 2009 ICRA assigns LBBB-/A3 rating to the bank lines of Super Plastic Coats Private Limited
October 23, 2009 ICRA assigns LBBB-/A3 rating to the bank lines of Northern Strips Limited
October 23, 2009 ICRA assigns LBB+/A4+ rating to the bank lines of Allied Poles (India) Limited
October 23, 2009 ICRA reaffirms LBBB-/A3 ratings to Charbhuja Industries Private Limited
October 23, 2009 ICRA assigns an LBBB+(SO) rating to the term loan programme of Raxa Security
Services Limited
October 23, 2009 ICRA reaffirms LBBB/A2 ratings to the bank lines of GMR Infrastructure Limited
October 23, 2009 ICRA assigns an LBBB+(SO) rating to the term loan programme of GMR Bannerghatta
Properties Private Limited
October 23, 2009 ICRA reaffirms LBBB+ rating to the bank lines of GMR Holdings Private Limited
October 23, 2009 ICRA assigns A4 rating to the bank lines of Dauji & Co.
October 23, 2009 ICRA downgrades the long term rating assigned to the bank lines of Sree Rayalaseema
Alkalies & Allied Chemicals Limited
October 23, 2009 ICRA assigns A1+ rating to the Commercial Paper programme of Mundra Port and
Special Economic Zone Limited
October 22, 2009 ICRA assigns LBBB+/A2+ ratings to the bank limits TTP Technologies Private Limited
October 22, 2009 ICRA assigns LBBB+(SO)/A2+(SO) rating to the bank limits of MPP Technologies
Private Limited
October 22, 2009 ICRA withdraws the rating assigned to the Short Term Debt Programme of Praj
Industries Limited
October 22, 2009 ICRA downgrades rating of assignee payouts backed by a vehicle loan pool originated
by ICICI Bank Limited
October 22, 2009 ICRA places the ratings assigned to the bank lines of Rico Auto Industries Limited on
rating watch with developing implications
October 22, 2009 ICRA revises the rating assigned to Salora International Limited
October 22, 2009 ICRA reaffirms highest credit quality ratings to Canara Bank’s Lower Tier II and
certificate of deposit programmes
October 21, 2009 ICRA assigns LBB/A4 ratings to the enhanced bank lines of Suryajyoti Spinning Mills
Limited
October 21, 2009 ICRA reaffirms the LAA+ and A1+ ratings to various long term and short term borrowing
programmes respectively of Hero Honda Finlease Limited
October 21, 2009 ICRA assigns A1 rating to the Commercial Paper/Short Term Debt Programme of DCM
Shriram Consolidated Limited
October 21, 2009 ICRA assigns LBB+ and A4+ ratings to bank lines of Coromandel Agro Products and
Oils Limited
October 21, 2009 ICRA assigns the LA rating and A1 rating to enhanced Long Term Loans and Short
Term Loans respectively of Tata Motors Finance Limited
October 19, 2009 ICRA assigns the A1+ rating to the Rs.2.0 billion Commercial Paper Programme/ Short
Term NCD of Muthoot Finance Limited
October 19, 2009 ICRA reaffirms the ‘MA’ rating assigned to the Fixed Deposit Programme of Muthoot
Vehicle and Asset Finance Limited (erstwhile Muthoot Leasing and Finance Limited)
October 19, 2009 ICRA assigns IPO Grade 3 to the proposed initial public offering of DEN Networks
Limited
October 19, 2009 ICRA assigns LB- /A4 ratings to the bank lines of Robosoft Technologies Private Limited
October 19, 2009 ICRA assigned the rating of A1+ to the enhanced Commercial Paper (CP) / Short term
Debt (STD) programme of Manappuram General Finance & Leasing Limited (MAGFIL)
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Debt (STD) programme of Manappuram General Finance & Leasing Limited (MAGFIL)
October 19, 2009 ICRA revises long-term rating, and withdraws the short-term rating, assigned to the bank
lines of Bharat Box Factory Limited
October 19, 2009 ICRA assigns LA-(SO) rating to the bank limits of Karuturi Telecom Private Limited
October 19, 2009 ICRA assigns LA-(SO) rating to the bank limits of Karuturi Foods Private Limited
October 19, 2009 ICRA revises the rating assigned to bank limits of Karuturi Global Limited
October 19, 2009 ICRA revises the bank line ratings of Shri Govindaraja Mills Limited
October 19, 2009 ICRA upgrades the ratings assigned to the bank lines of GMR Energy Limited
October 19, 2009 ICRA upgrades the rating assigned to the bank lines of Vemagiri Power Generation
Limited
October 19, 2009 ICRA retains the LA rating to the bank lines of GMR Tuni Anakapalli Expressways
Private Limited
October 19, 2009 ICRA retains the LA rating to the bank lines of GMR Tambaram Tindivanam
Expressways Private Limited
October 19, 2009 ICRA upgrades the rating assigned to the bank lines of GMR Pochanpalli Expressways
Private Limited
October 19, 2009 ICRA retains the LBBB / A2 rating assigned to the bank lines of GMR Ambala
Chandigarh Expressways Private Limited
October 19, 2009 ICRA retains the LBBB / A2 rating assigned to the bank lines of GMR Jadcherla
Expressways Private Limited
October 19, 2009 ICRA upgrades the ratings of the bank lines of GMR Ulundurpet Expressways Private
Limited
October 16, 2009 ICRA assigns LBB+ and A4+ ratings to fund based and non fund based limits of
Mukesh Strips Limited
October 16, 2009 ICRA assigns LBB+ to the bank limits of Navratna SG Highway Properties Private
Limited
October 15, 2009 ICRA assigns LA and A1+ ratings to the bank lines of Reliance Power Limited
October 15, 2009 ICRA assigns LBBB+ and A2 ratings to the bank lines of Vidarbha Industries Power
Limited
October 15, 2009 ICRA revises the rating assigned to the bank lines of Vah Magna Retail Private Limited
October 15, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of Vijay Agro Products Private Limited
October 15, 2009 ICRA upgrades the long term rating and reaffirms the highest-credit-quality short term
rating of Titan Industries Limited
October 15, 2009 ICRA reaffirms LA+ rating to the fund based limits and A1+ rating to non fund based
limits of Andritz Hydro private Limited (Formerly VA TECH Hydro India Private Limited)
October 14, 2009 ICRA assigns LBB ratings to the bank limits of Surat Metallics Private Limited
October 14, 2009 ICRA assigns a conditional LBBB- rating to the fund based limits of Techpark Hotels
Private Limited
October 14, 2009 ICRA assigns LBBB- rating to the bank limits of Interglobe Hotels Private Limited
October 14, 2009 ICRA assigns conditional LAAA (SO) ratings to the Pass Through Certificates backed
by new car loan pool originated by Reliance Capital Limited - ILSS 2 Trust 2010
October 14, 2009 ICRA re-affirms LA rating to the bank facilities of Om Logistics Limited
October 14, 2009 ICRA assigns A4+ to the bank limits of Jushi (India) FRP Accessories Private Limited
October 14, 2009 ICRA revises rating to the bank limits of Ind Barath Power Gencom Limited from LBB+
to LBB-
October 14, 2009 ICRA reaffirms LBBB+ and A2 rating to the bank limits of NSL Sugars Limited (NSLSL)
(erstwhile SCM Sugars Limited)
October 14, 2009 ICRA revises the rating assigned to the bank limits of East Coast Constructions &
Industries Limited
October 14, 2009 ICRA upgrades the rating assigned to the bank limits of Mundra Port and Special
Economic Zone Limited
October 14, 2009 ICRA revises long term ratings of debt programmes of Tata Metaliks Limited; retains
short term rating
October 12, 2009 ICRA assigns conditional LAAA (SO) ratings to the Pass Through Certificates backed
by new commercial vehicle loan pool originated by Reliance Capital Limited
October 12, 2009 ICRA reaffirms LAA rating to the long-term, non-fund based limits and A1+ rating to
short-term, non-fund based limits of Voith Hydro Private Limited (Erstwhile Voith
Siemens Hydro Private Limited)
October 12, 2009 ICRA assigns LBB/A4 rating to the bank limits of Ciemme Jewels Limited
October 12, 2009 ICRA revises the rating assigned to the bank limits of Hind Agro Industries Limited
October 12, 2009 ICRA revises the rating assigned to the bank limits of Hind Industries Limited
October 12, 2009 ICRA assigns LB+ to the bank limits of Maniam Properties Private Limited
October 12, 2009 ICRA rating for Reliance MediaWorks Limited
October 12, 2009 ICRA assigns LBBB- / A3 ratings to the bank lines of Joindre Capital Services Limited
October 12, 2009 ICRA reaffirms LAA & A1+ ratings to the bank limits of Mahindra Intertrade Limited
October 12, 2009 ICRA reaffirms LAAA/ A1+ rating to the bank facilities of Hero Honda Motors Limited
October 12, 2009 ICRA assigns LBB+ rating to the bank credit lines of Srinivasa Cotton and Oil Mills
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October 12, 2009 ICRA assigns LBB+ rating to the bank credit lines of Srinivasa Cotton and Oil Mills
Limited
October 12, 2009 ICRA assigns LBB+ rating to the bank lines of Basaveshwar Electricals and Engineers
October 12, 2009 ICRA assigns LB/ A4 ratings to the bank lines of S. Kumars Nationwide Limited for an
enhanced amount
October 12, 2009 ICRA assigns LBB/A4 ratings to the bank lines of Kallam Spinning Mills Limited
October 12, 2009 ICRA revises the ratings assigned to the bank lines of Surana Corporation Limited
October 12, 2009 ICRA assigns LB+ to the bank lines of Alva’s Education Foundation
October 9, 2009 ICRA reaffirms the rating assigned to the bank lines and long term debt programme of
Tata Cummins Limited
October 9, 2009 ICRA assigns LBB/A4 ratings to the bank lines of Best India Tobacco Suppliers
October 9, 2009 ICRA re-affirms LBBB+ and A2+ ratings to the bank limits of United Breweries Limited
October 9, 2009 ICRA assigns LBB/A4 ratings to the bank limits of Inland Road Transport Private
October 9, 2009 ICRA assigns LBBB-/A3 rating to the bank limits of Rajkumar Forge Limited
October 9, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of Malani Construction Company.
October 9, 2009 ICRA assigns LBB/A4 ratings to bank facilities of Roll Tubes Limited
October 9, 2009 ICRA assigns LBBB rating to the bank lines of Madhucon Granites Limited
October 9, 2009 ICRA upgrades the long and short term ratings of Soma Enterprise Limited to LBBB-/A3
from LBB-/A4 earlier
October 9, 2009 ICRA assigns LBBB-/A3 ratings to the bank lines of Needles India Limited
October 7, 2009 Hybrids as instruments for raising Tier I and Tier II capital: Wider options for issuers,
but higher risks for investors
October 7, 2009 ICRA revises short term rating to the bank lines of Davariya Brothers
October 7, 2009 ICRA assigns LA/A1 rating to the bank limits of Karnataka Power Corporation Limited
October 7, 2009 ICRA reaffirms LBB+/A4+ rating to the bank limits of IG Petrochemicals Limited
October 7, 2009 ICRA revises the ratings assigned to the bank limits of Transafe Services Limited
October 7, 2009 ICRA assigns LBB+ / A4+ rating to the bank lines of Mittal Corp. Limited
October 6, 2009 ICRA assigns A4 rating to the bank credit lines of Suresh Brothers (SB)
October 6, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of Daman Polythread Limited
October 6, 2009 ICRA reaffirms LAAA rating to the NCD programme of Mahanagar Gas Limited
October 6, 2009 ICRA assigns LBB+/A4+ rating to the bank lines of SKS Textiles Private Limited
October 6, 2009 ICRA assigns LBB/A4 rating to the bank credit lines of Sivaswati Textile Private Limited
October 6, 2009 ICRA assigns LBBB-/A3 ratings to the bank lines of Kiran Global Chems Limited
October 6, 2009 ICRA upgrades ratings assigned to enhanced bank lines of Hindustan Tin Works
Limited to LBBB+/A2+
October 6, 2009 ICRA assigns LBB+ rating to bank lines of KCP Projects Limited
October 6, 2009 ICRA reaffirm LAA-/A1+ ratings assigned to Rane Holdings Limited
October 6, 2009 ICRA assigns high credit quality ratings to long term bonds programme of Bank of
Maharashtra
October 6, 2009 ICRA assigns LBB/A4 to bank lines of Magppie International Limited
October 6, 2009 ICRA revises the long term rating assigned to the bank lines of Adlabs Films Limited
October 5, 2009 ICRA assigns LBBB+ rating to the bank lines of Chowgule Steamships Limited
October 5, 2009 ICRA assigns A1+ rating to the enhanced CP Programme of Deepak Fertilizers &
Petrochemicals Corporation Limited
October 5, 2009 ICRA assigns LBBB-/A3 rating to the bank lines of Steelfab Building Systems
October 5, 2009 ICRA assigns LBBB+/A2 rating to the bank limits of Balmer Lawrie-Van Leer Limited
October 5, 2009 ICRA reaffirms LA+ and A1+ ratings of Triveni Engineering and Industries Limited
(TEIL) for an enhanced amount of its fund based and non fund based limits
October 5, 2009 ICRA revises the bank line ratings of Hydro S&S Industries Limited; withdraws ratings
assigned to CP programme
October 5, 2009 ICRA reaffirms A1+ rating assigned to the short term bank limits of Tata International
Limited
October 5, 2009 ICRA assigns LBB/A4 ratings to the bank lines of Best India Tobacco Suppliers
October 5, 2009 ICRA assigns mfA1+ rating to Axis Liquid Fund
October 5, 2009 ICRA Withdraws ‘A1+(SO)’ Rating Assigned to the Short Term IPO Financing
Programme of Enam Finance Private Limited
October 3, 2009 ICRA revises TMFL’s Long Term ratings from LA+ to LA and re-affirms Short Term
rating of A1
October 3, 2009 ICRA reaffirms rating assigned to PTCs backed by Tata Motors Finance Limited at
A1(SO)
October 1, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of National Protein & Solvent Limited
October 1, 2009 ICRA revises ratings for bank lines of Net 4 India Limited
September 30, 2009 ICRA reaffirms highest-credit-quality ratings assigned to Bharti Airtel Limited
September 30, 2009 ICRA assigns LBB/A4 ratings to the bank limits of KlenePaks Limited
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September 30, 2009 ICRA upgrades the ratings assigned to the bank limits and debt programme of DCM
Shriram Consolidated Limited
September 30, 2009 ICRA retains the LAA/A1+ ratings assigned to the bank limits of Tata Coffee Limited
September 30, 2009 ICRA assigns MFI grade of M3+ to Grama Vidiyal Microfinance (P) Limited
September 30, 2009 ICRA assigns LBBB rating to the bank loan ratings of Grama Vidiyal Microfinance (P)
Limited
September 30, 2009 ICRA revises the long term / short term ratings for the bank limits of United Spirits
Limited
September 30, 2009 ICRA assigns LBB/A4 ratings to the bank lines of Suryajyoti Spinning Mills Limited
September 30, 2009 ICRA reaffirms the LA and A1 ratings to the term loan and working capital facilities of
Essar Steel Limited
September 30, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of Sri Narasus Coffee Company
Limited
September 30, 2009 ICRA assigns mfA1+ rating to Shinsei Treasury Advantage Fund
September 30, 2009 ICRA assigns LBBB/A3+ ratings assigned to the bank lines of Aditya Auto Products &
Engg. (I) Private Limited
September 30, 2009 ICRA assigns LBB/A4 to bank limits of Bericap India Private Limited
September 30, 2009 ICRA revises the bank line ratings of Surya Pharmaceuticals Limited
September 30, 2009 ICRA assigns LBB rating to the Bank credit lines of Rajasthan Vikas Sansthan
September 30, 2009 ICRA assigns LB/A4 rating to the Bank credit lines of Riba Textiles Limited
September 30, 2009 ICRA assigns LB/A4 ratings to the bank limits of Cauvery Coffee Traders
September 30, 2009 ICRA assigns LBBB+ and A2+ ratings to bank lines of Dixon Technologies (India)
Private Limited
September 30, 2009 ICRA assigns LBBB-/A3 rating to the bank facilities of Metro Ortem Limited
September 30, 2009 ICRA assigns LBBB-/A3 rating to the bank facilities of Metro Tyres Limited
September 30, 2009 ICRA assigns LBB/A4 rating to the bank limits of Tasa Foods Private Limited
September 30, 2009 ICRA assigns LB+/ A4 rating to bank limits of DN Wind Systems India Private Limited
September 30, 2009 ICRA assigns an LBB rating to the bank lines of National Industrial Corporation Limited
September 30, 2009 ICRA assigns LBB+ rating to the term loan of North Western Karnataka Road Transport
Corporation
September 30, 2009 ICRA Reaffirms LA/A1 ratings assigned to the bank lines of HLL Lifecare Limited
September 30, 2009 ICRA assigns LAAA ratings to the fresh long-term debt programme of Infrastructure
Development Finance Company Limited
September 30, 2009 ICRA assigns LBB / A4 ratings to the bank lines of Freeworld Exports Private Limited
September 29, 2009 ICRA assigns LBB+/A4+ ratings to bank lines of Gahoi Buildwell Limited
September 29, 2009 ICRA assigns LBB+ rating to the bank lines of AB Sugars Limited
September 29, 2009 ICRA assigns LBB+ rating to the bank lines of PBS Foods Private Limited
September 29, 2009 ICRA assigns LB- and A4 ratings to the bank limits of SP Superfine Cotton Mills Private
Limited
September 29, 2009 ICRA assigns LB+/A4 ratings to the bank limits of Silktex Limited
September 29, 2009 ICRA assigns LA- Rating to Rs. 3.25 billion bank facility of Sterling Infotech Limited
September 29, 2009 ICRA assigns conditional A1+(SO) ratings to the PTCs under loan securitisation
programme of ICICI Bank Limited - TNPL Loan Securitisation Trust Series 66
September 29, 2009 ICRA retains the LBBB (SO) rating assigned to the Rs. 781.1 million bond programme
of Maharashtra Vikrikar Rohke Pradhikaran Limited
September 29, 2009 ICRA revises the ratings of Eveready industries India Limited upwards
September 29, 2009 ICRA assigns LBB/A4 ratings to the bank lines of Vijay Velavan Spinning Mills
September 29, 2009 ICRA assigns LB+ / A4 ratings to the bank lines of Alphageo (India) Limited
September 29, 2009 ICRA assigns LB-/A4 rating to the bank limits of Metal Closures Private Limited
September 29, 2009 ICRA has assigned LAAA rating to the Rs. 20 billion Bonds issue of NTPC Limited
September 29, 2009 ICRA has reaffirmed LAAA rating to long term loans/Fund based limits and A1+ rating to
the non fund based limits of NTPC
September 29, 2009 ICRA revises upwards the ratings of The Tinplate Company of India Limited to LA and
A1
September 25, 2009 Indian Tea Industry: Outlook Positive for the Short To Medium Term
September 25, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of M.K. Shipping & Allied Industries
Private Limited
September 25, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of Mahavir Inductomelt Private Limited
September 25, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of Puneet Industries Private Limited
September 25, 2009 ICRA assigns a rating of LBB- and A4 to the basel II lines of GS Malls Private Limited
September 25, 2009 ICRA assigns a rating of LBB- and A4 to the Basel II lines of Fairlakes (Country
Colonizers Private Limited)
September 25, 2009 ICRA assigns a rating of LBB to long term loans (under basel II) of A.B. Motions Private
Limited
September 25, 2009 ICRA assigns conditional LAA+(SO) rating to the Series A1 PTCs under loan
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September 25, 2009 ICRA assigns conditional LAA+(SO) rating to the Series A1 PTCs under loan
securitisation programme of GE Capital Services India IFIC Loan Trust
September 25, 2009 ICRA assigns LBB rating to the bank lines of Great Value Foods
September 25, 2009 ICRA Assigns LA-/A1 rating to the bank facilities of Majestic Auto Limited
September 25, 2009 ICRA assigns a rating of LBB to long term loan and A4 to Bank Guarantee of GSR
Movies
September 25, 2009 ICRA assigns LB+ rating to the fund based limits/ Long term debt programme of Wave
September 25, 2009 ICRA assigns a rating of LB+/A4 to fund based/non fund based limits of Real Conergy
September 24, 2009 Power Distribution Utilities: Performance trend is positive, however rising subsidy levels
remain an area of concern
September 24, 2009 MBS transactions rated by ICRA continue to display strong performance
September 24, 2009 ICRA assigns LBBB- and A3 ratings to the bank limits of Jai Raj Ispat Limited
September 24, 2009 ICRA reaffirms highest credit quality rating to Export-Import Bank of India’s various debt
programme
September 24, 2009 ICRA assigns LBBB-/A3 rating to the bank limits of Rusan Pharma Limited
September 24, 2009 ICRA reaffirms LBBB- and A3 rating for an enhanced limits Sir Shadi Lal Enterprises
Limited
September 24, 2009 ICRA assigns LA rating to Mormugao Port Trust’s term loan programme
September 24, 2009 ICRA assigns LBBB-/A3 ratings to the term loan and working capital facilities of Akash
Ceramics Private Limited
September 24, 2009 ICRA assigns LBB/ A4 rating to the bank facilities of Saya Automobiles Limited
September 24, 2009 ICRA assigns LBBB-/A3 ratings for the bank limits of SKM Animal Feeds and Foods
(India) Limited
September 24, 2009 ICRA upgrades ratings assigned to the enhanced bank lines of Madurai Power
September 24, 2009 ICRA assigns the ratings at LBBB and A2 on the bank lines of Sasan Power Limited
September 24, 2009 ICRA upgrades ratings assigned to the enhanced bank lines of BGR Energy Systems
Limited to LA / A1
September 24, 2009 ICRA upgrades ratings assigned to the enhanced bank lines of BGR Energy Systems
Limited to LA / A1
September 24, 2009 ICRA assigns conditional A1+(SO) rating to the PTCs under loan securitisation
programme of Deutsche Bank - DISA Trust II 2009
September 23, 2009 ICRA reaffirms the LBBB- rating assigned to the term loan programme of Bangalore
International Airport Limited
September 23, 2009 ICRA reaffirms LA-/A1 to the bank lines of Novodigm Limited
September 23, 2009 ICRA assigns A1+ rating to GNFC’s enhanced CP Programme
September 23, 2009 ICRA reaffirms LBBB and A2 ratings assigned to bank lines of Virgin Mobile India
Private Limited
September 23, 2009 ICRA assigns LBBB-/ A3 ratings to bank limits of Situations Advertising and Marketing
September 23, 2009 ICRA assigns LBBB-/A3 ratings for the bank limits of AVG Motors Limited
September 22, 2009 ICRA-assigned Securitisation Ratings show High Overall Stability despite Rise in Rating
Downgrades in 2008-09
September 22, 2009 ICRA assigns LBB+ and A4+ rating to the bank limits of ALM Industries Limited
September 22, 2009 ICRA assigns A4 rating to the bank credit lines of Yarlagadda Exports Private Limited
September 22, 2009 ICRA assigns LBBB- rating to long-term debt programme of Foundation Engineering
Company
September 22, 2009 ICRA upgrades the long term rating assigned to the bank lines of V-Guard Industries
Limited; re-affirms the short term bank line rating
September 22, 2009 ICRA assigns LBBB and A2 ratings to the bank lines of Simalin Chemical Industries
Private Limited (SCIPL)
September 22, 2009 ICRA assigns LBB+ ratings to the bank limits of Padmavati Agencies Private Limited
September 22, 2009 ICRA assigns LB+ rating to the bank lines of ARVS Constructions Private Limited
September 22, 2009 ICRA assigns LBB rating to the bank lines of SSIPL Retail Limited
September 22, 2009 ICRA assigns LA-/A2+ to the bank limits of Tejas Networks Limited
September 18, 2009 ICRA assigns LBBB- rating to bank lines of Action Retail Ventures Private Limited
September 18, 2009 ICRA reaffirms LBBB-/ A3 ratings to the bank lines of Century Metal Recycling Private
Limited
September 18, 2009 ICRA reaffirms LBBB- and A3 ratings to the bank lines of Jumbo Bag Limited (JBL)
September 17, 2009 ICRA assigns highest-credit-quality rating to the enhanced short term debt programme
and adequate-credit-quality rating to the long term debt programme and long term bank
limits of Religare Finvest Limited
September 17, 2009 ICRA assigns highest-credit-quality rating to the enhanced short term debt programme
and adequate-credit-quality rating to the long term debt programme and long term bank
limits of Religare Finvest Limited
September 17, 2009 ICRA assigns LB+ rating to the bank lines of DY Uppar
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September 17, 2009 ICRA assigns LB+ rating to the bank lines of DY Uppar
September 17, 2009 ICRA reaffirms LAA & A1+ ratings of Godrej Consumer Products Limited
September 17, 2009 ICRA assigns LBBB+ / A2+ rating to the bank limits of Trading Engineers (International)
Limited
September 17, 2009 ICRA revises ratings assigned to the bank lines of Kalyani Thermal Systems Limited
September 17, 2009 ICRA assigns LBB- rating to the bank lines of CMM Infraprojects Limited
September 17, 2009 ICRA assigns LB+ rating to the bank lines of Nagar Kopargaon Infrastructure Private
Limited
September 16, 2009 ICRA assigns LBBB and A3+ ratings to the enhanced bank limits of Tema India Limited
September 16, 2009 ICRA assigns LBB/ A4 rating to the bank lines of Vasantha Spinners Limited
September 16, 2009 ICRA retains the Construction Grading of CR1 assigned to Jaiprakash Associates
Limited
September 16, 2009 ICRA assigns LBBB-/A3 ratings to the bank limits of Elect Systems Engineers Private
Limited
September 16, 2009 ICRA assigns LBBB- rating to long-term debt programme of M/s Sharpmind Developers
September 16, 2009 ICRA retains the rating assigned to the bank lines of Goodearth Maritime Limited
September 16, 2009 ICRA reaffirms LA/A1+ rating to the bank limits of Garware Wall Ropes Limited;
withdraws rating assigned to CP/STD programme
September 16, 2009 ICRA withdraws LA-(SO) rating assigned to the sanctioned fund based bank limit of
Sterling Projects And Engineering Limited (SPEL)
September 15, 2009 ICRA assigns A1 rating to KEC International Limited’s enhanced CP/STD Programme
September 15, 2009 ICRA assigns mfAA rating to ICICI Prudential Fixed Maturity Plan – Series 49 – Three
Years Plan A
September 15, 2009 ICRA assigns highest-credit-quality rating to the Certificate of Deposits Programme of
Bank of Bahrain and Kuwait B.S.C. (Indian Branches)
September 15, 2009 ICRA reaffirms LA- rating for the bank limits of Great Eastern Energy Corporation
Limited
September 15, 2009 ICRA assigns LBB/A4 ratings for the bank limits of Sri Venkata Siva Parvathi Spinning
September 15, 2009 ICRA assigns LBB-/A4 ratings to the bank lines of Sri Venkata Lakshmi Narasimha
September 15, 2009 ICRA assigns LBBB- and A3 ratings to the bank lines of BSL Scaffolding Limited
September 15, 2009 ICRA withdraws A1+ rating assigned to the CP/ STD Programme of Honda Siel Cars
India Limited
September 15, 2009 ICRA assigns A1+ rating to L&T Komatsu Limited
September 15, 2009 ICRA assigns LBB+ rating to long-term debt programme and A4+ rating to short-term
debt programme of D. S. Kulkarni Developers Limited
September 14, 2009 ICRA assigns LBB+/A4+ ratings to bank lines of JHS Svendgaard Laboratories Limited
September 14, 2009 ICRA assigns LA+/ A1 ratings to the bank limits of Forbes & Company Limited
September 14, 2009 ICRA retains ratings of 18 Commercial Vehicle loan-backed transactions originated by
September 14, 2009 ICRA assigns LA rating to the bank line of Huntsman Advanced Materials (India) Private
Limited
September 14, 2009 ICRA Revises the Long-Term Rating of Shree Krishna Paper Mills & Industries Limited
September 14, 2009 ICRA withdraws the LA- rating assigned to the Non Convertible Debenture programme
of India Glycols Limited
September 14, 2009 ICRA withdraws ratings assigned to the PTCs under various ABS programmes of ICICI
Bank Limited.
September 14, 2009 ICRA revises ratings assigned to the Long term bank borrowing programme of
Manappuram General Finance & Leasing Limited from LA to LA+ and also revises the
rating assigned to the CP/ STD programme from A1 to A1+
September 14, 2009 ICRA revises rating assigned to Magnum Ventures Limited
September 11, 2009 ICRA withdraws rating assigned to the bond programme of Noida Toll Bridge Company
Limited
September 11, 2009 ICRA reaffirms LBBB+/ A2+ ratings for the bank facilities of Fresenius Kabi Oncology
Limited
September 11, 2009 ICRA reaffirms LBBB/A2 ratings assigned to the bank lines of Kalindee Rail Nirman
(Engineers) Limited
September 11, 2009 ICRA assigns LBBB+ (SO) rating to the term loans and bank lines of Nypro Forbes
September 11, 2009 ICRA assigns LBBB+ (SO) rating to the term loans and bank lines of Nypro Forbes
September 11, 2009 ICRA assigns an A1+ rating to the CP programme of McLeod Russel; revises bank line
ratings
September 11, 2009 ICRA reaffirms the LA+/A1+ ratings assigned to the enhanced bank lines of Haldiram
Snacks Private Limited
September 11, 2009 ICRA reaffirms the LA+/A1+ ratings assigned to the bank lines of Haldiram
Manufacturing Company Private Limited
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September 11, 2009 ICRA assigns LA / A1 ratings to the bank facilities of Banspani Iron Limited
September 11, 2009 ICRA reaffirms A4 rating to bank lines of Om Anand Exports
September 11, 2009 ICRA assigns LA rating to Core Projects and Technologies Limited for an enhanced
amount
September 11, 2009 ICRA reaffirms LBBB- rating assigned to the bank facilities of Artemis Medicare
September 11, 2009 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisation
programmes of Citibank
programmes of GE Capital Services India.
programmes of YES Bank Limited.
programmes of Hongkong and Shanghai Banking Corporation Ltd.
programmes of JM Financial Products Pvt. Ltd.
September 11, 2009 ICRA withdraws rating assigned to the long term non convertible debenture programmes
of BSCPL Infrastructure Limited
September 11, 2009 ICRA reaffirms LAA, A1+ rating to bank lines of Torrent Pharmaceuticals Limited
September 11, 2009 ICRA reaffirms the ratings assigned earlier to the various debt programmes of Oriental
bank of Commerce
September 10, 2009 ICRA reaffirms LA-/ A2+ ratings assigned to the bank limits of Gokaldas Exports Limited
September 10, 2009 ICRA reaffirms the ratings assigned earlier to the non convertible debenture programme
and fixed deposit programme of Gruh Finance Limited
September 10, 2009 ICRA reaffirms the ratings assigned earlier to debt instruments and bank lines of IDBI
Homefinance Limited
September 10, 2009 ICRA assigns LBB+/A4+ rating to bank limits of Nav Bharat Tubes Limited
September 10, 2009 ICRA assigns LBBB/A2 rating to the bank limits of Twilight Litaka Pharma Limited
September 10, 2009 ICRA assigns highest credit quality rating to India Infoline Investment Services Limited’s
short term debt programme For IPO financing
September 10, 2009 ICRA assigns LBBB-/A3 ratings to the bank lines of SR Drugs and Intermediates Private
Limited
September 10, 2009 ICRA reaffirms ratings assigned to the various debt programmes of Yes Bank Limited
September 10, 2009 ICRA assigns LB/A4 rating to the bank lines of JCT Limited
September 10, 2009 ICRA assigns LBBB/A2 rating to the bank limits of Twilight Litaka Pharma Limited
September 10, 2009 ICRA assigns rating of LBBB- under Basel II to Astha Projects (India) Limited
September 10, 2009 ICRA assigns rating of LBB under Basel II to Anubhav Hydel Power Private Limited
September 10, 2009 ICRA reaffirms its LA/ A1 rating to the bank limits of HSIL Limited (erstwhile Hindustan
Sanitaryware & Industries Limited)
September 10, 2009 ICRA reaffirms LAA & A1+ ratings of Godrej Industries Limited
September 9, 2009 ICRA reaffirms the LAA- rating and the A1 + rating assigned to OCL India Limited
September 9, 2009 ICRA assigns LA+ rating to Non Convertible Debentures of PTC India Financial
Services Limited
September 9, 2009 ICRA assigns LBB+/A4+ rating to the bank lines of Jyoti CNC Automation Private
Limited
September 9, 2009 ICRA assigns LBB-/A4 ratings to the bank lines of Samrat Plywood Limited
September 9, 2009 ICRA revises ratings assigned to the bank lines of S. Kumars Nationwide Limited
September 9, 2009 ICRA reaffirms LBBB+ and A2+ ratings to the bank limits of Nelcast Limited
September 9, 2009 ICRA assigns LAA rating to the bank limits of ThyssenKrupp Industries India Private
Limited
September 9, 2009 ICRA assigns LBBB+/A2+ rating to the bank limits of Comstar Automotive Technologies
Private Limited
September 9, 2009 ICRA assigns LBB+/A4+ rating to the bank credit lines of Panache Exports Private
Limited
September 9, 2009 ICRA assigns A1+ rating to CP/STD programme of Kalyani Steels Limited
September 8, 2009 ICRA re-affirms ratings assigned to the various debt programme of The Bank of
Rajasthan’s Limited
September 8, 2009 ICRA assigns A4+ ratings to the bank limits of Bharat Fashions & Apparels
September 8, 2009 ICRA assigns LBB/A4 ratings to the bank limits of Mohindra Fasteners Limited
September 8, 2009 ICRA revises bank line ratings of Ferro Alloys Corporation Limited (FACOR)
September 8, 2009 ICRA revises the ratings assigned to FACOR Steels Limited
September 8, 2009 ICRA revises the ratings assigned to FACOR Alloys Limited
September 8, 2009 ICRA assigns A4 rating to the bank credit lines of Manav Gems
September 7, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of Namco Corporation Private Limited
September 7, 2009 ICRA assigns high-credit-quality rating to Rs. 0.50 billion Subordinate NCD Programme
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September 7, 2009 ICRA assigns LBBB+/A2 rating to the bank lines Of Ashapura Garments Limited
September 7, 2009 ICRA reaffirms LBBB-/ A3 ratings to the bank lines of Bhawani Industries Limited
September 7, 2009 ICRA assigns LBBB+ and A2 ratings to the bank limits of Suprajit Engineering Limited
September 7, 2009 ICRA assigns highest credit quality rating to long term & short debt programme of SG
Wealth Management Solutions Private Limited
September 7, 2009 ICRA upgrades long term rating to the bank lines of Adani Power Maharashtra Limited
September 7, 2009 ICRA reaffirms ratings assigned to the various debt programmes of IDBI Bank
September 7, 2009 ICRA revises the ratings assigned to the bank lines of Kamdhenu Ispat Limited
September 7, 2009 ICRA withdraws cp/ short-term debt rating of Orient Ceramics and Industries Limited
September 7, 2009 ICRA revises the long-term bank line rating of Shanthi Gears Limited
September 7, 2009 Deutsche Postbank Home Finance Limited (Erstwhile BHW Home Finance Limited)
September 4, 2009 ICRA assigns LAA- / A1+ rating to the bank limits of Tide Water Oil Co. (India) Limited
September 4, 2009 ICRA reaffirms the ratings assigned to bank lines of Davangere Sugar Company
Limited; assigns fresh LBBB- /A3 ratings to enhanced bank limits
September 4, 2009 ICRA assigns A2 rating to the Non-fund based limits of Hughes Network Systems India
Limited
September 4, 2009 ICRA assigns rating of LBB- under Basel II to Tejassarnika Hydro Energies (P) Limited
September 4, 2009 ICRA assigns rating of LBB under Basel II to AT Hydro Private Limited
September 4, 2009 ICRA assigns LAA/A1+ ratings to the bank lines of Bosch Rexroth (India) Limited
September 4, 2009 ICRA places the ratings assigned to Wall Street Finance’s bank facilities on rating
September 3, 2009 ICRA reaffirms its LA/A1 ratings for Core Projects and Technologies Limited; assigns
A1 rating to its Commercial Paper programme for an enhanced amount
September 3, 2009 ICRA reaffirms LAAA/A1+ ratings assigned to the bank limits and debt programmes of
Oil India Limited (OIL)
September 3, 2009 ICRA retains rating of assignee payouts under 1 vehicle loan pool, downgrades ratings
of assignee payouts backed by 3 other vehicle loan pools, originated by ICICI Bank
Limited
September 3, 2009 ICRA retains ratings of the senior PTC tranches and Liquidity Facility, and upgrades
rating of Second Loss credit collateral in two ABS transactions originated by HDFC
Bank
programme of ICICI Bank Limited - TCL Loan Securitisation Trust Series 63
September 3, 2009 ICRA assigns A1+ rating to the Commercial Paper programme of PVR Limited
September 3, 2009 ICRA assigns LBBB-/A3 ratings to the bank limits of Crescent Petrochem Private
Limited
September 3, 2009 ICRA assigns LBB+ and A4+ to the bank limits of Mukesh Steels Limited
September 3, 2009 ICRA assigns LBB rating to the bank credit lines of Ramya Spinning Mills Private
Limited
September 3, 2009 ICRA suspends bank loan rating of Stumpp Schuele and Somappa Private Limited
September 3, 2009 ICRA assigns LBB+/A4+ to bank limits of of Mukesh Udyog Limited
September 2, 2009 ICRA assigns LA/A1 rating to the bank limits of Huntsman International (India) Private
Limited
September 2, 2009 ICRA reaffirms the LA- and A1 ratings assigned to the bank limits of International
Combustion (India) Limited
September 2, 2009 ICRA revises the ratings of Kalyani Carpenter Special Steels Limited
September 2, 2009 ICRA assigns LBB-/A4 ratings to the bank limits of Mitter Fasteners
September 2, 2009 ICRA Assigns LBBB- and A3 ratings to the bank lines of IIC Technologies Private
Limited
September 2, 2009 ICRA withdraws ratings assigned to the PTCs under various ABS programmes of ICICI
Bank Limited
September 2, 2009 ICRA assigns ratings of LBBB- and A3 to the bank lines of GVPR Engineers Limited
September 1, 2009 ICRA assigns LBBB+/A2 ratings to the bank lines of Nilon’s Enterprises Private Limited
September 1, 2009 ICRA assigns an LBBB rating to the bank limits of BLB Mall Management Company
Private Limited
September 1, 2009 ICRA assigns LBB- rating to the term loan of Gayatri Hi-Tech Hotels Limited
September 1, 2009 ICRA assigns rating of LBB+ under Basel II to Cimaron Constructions P Ltd
September 1, 2009 ICRA assigns rating of LBB under Basel II to Tarela Power Limited
September 1, 2009 ICRA assigns LB+/A4 rating to the bank lines of Ram Infrastructure Limited (RIL)
September 1, 2009 ICRA Assigns LBB+ / A4+ rating to the bank facilities of SKH Metals Limited
September 1, 2009 ICRA assigns LAA-/A1+ rating to the bank facilities of VE Commercial Vehicles Limited
for an enhanced amount
September 1, 2009 ICRA reaffirms the LAA-/A1+ rating to the bank lines and Commercial Paper/Short term
debt programme of Kyungshin Industrial Motherson Limited
August 31, 2009 ICRA assigns LBBB- rating to the fund based limits/ Long term debt programme of
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August 31, 2009 ICRA assigns LBBB- rating to the fund based limits/ Long term debt programme of
Dwarikesh Sugar Industries Limited
August 31, 2009 ICRA assigns LAA+ (SO) and LBBB+/A2+ ratings to the bank credit lines of
Landis+Gyr Limited
August 31, 2009 ICRA assigns LBBB-/A3 rating to the bank lines of Prince Pipes & Fittings Private
Limited
August 31, 2009 ICRA assigns A2+ rating to Short term bank limits of KIFS Securities Pvt. Ltd. (formerly
known as Khandwala Integrated Financial Services Pvt. Ltd.)
August 31, 2009 ICRA assigns LBB+/A4+ ratings to the bank facilities of Dhanuka Laboratories Limited
August 31, 2009 ICRA assigns LBB-/A4 rating to the bank limits of EMAS Engineers and Contractors
Pvt. Ltd.
August 31, 2009 ICRA assigns LB+ rating to the bank facilities of Hari Infrastructure Private Limited
August 31, 2009 ICRA assigns LAA & A1+ rating to Intas Pharmaceuticals Limited; reaffirms existing
ratings
August 31, 2009 ICRA revises bank-line and term loan ratings assigned to Rajshree Sugars & Chemicals
Limited (RSCL); assigns ratings to RSCL’s enhanced limits
August 31, 2009 ICRA upgrades ratings assigned to bank lines of Schneider Electric Conzerv India
Private Limited (earlier Conzerv Systems Private Limited) to LA+/ A1+
August 31, 2009 ICRA assigns LBB+/A4+ rating to the bank limits of Skygourmet Catering Private Ltd
August 31, 2009 ICRA assigns LBBB-/A3 ratings to the bank limits of Techno Fab Manufacturing Limited
August 31, 2009 ICRA assigns IPO Grade 2 to the proposed initial public offering of Thinksoft Global
Services Limited
August 31, 2009 ICRA assigns LAA rating to Rs. 5 billion non convertible debentures programme and Rs.
38.66 billion bank facilities (enhanced) of L&T Infrastructure Finance Company;
reaffirms ratings assigned earlier
August 31, 2009 ICRA assigns LA+ rating to the Rs. 3 billion Lower Tier II Bonds Programme of Karur
Vysya Bank
August 28, 2009 ICRA Assigns High Credit Quality Rating to Edelweiss Capital Ltd’s Long Term Equity
Liked Debenture programme
August 28, 2009 ICRA Assigns LBB+ rating to Term Loans and Bank Guarantees of Jaksons Developers
Private Limited
August 28, 2009 ICRA assigns LBBB+/A2 rating to the bank credit lines of Mohan Clothing Company
Private Limited
August 28, 2009 ICRA assigns LBBB-/A3 ratings to the bank limits of Alkali Metals Limited
August 28, 2009 ICRA assigns LBBB-/A3 rating to the bank limits of Anshul Steels Limited
August 28, 2009 ICRA reaffirms long term rating and revises short term rating on the bank lines of Tema
India Limited
August 28, 2009 ICRA assigns LBB rating to the bank line of Indo Shell Auto Agency Private Limited
August 28, 2009 ICRA revises ratings assigned to the bank lines of Malu Paper Mills Limited
August 28, 2009 ICRA withdraws rating assigned to the long term non-convertible debenture programme
of KND Engineering Technologies Limited
August 28, 2009 ICRA withdraws rating assigned to the PTCs issued by Indian Infrastructure Equipment
Receivable Oct 2005.
August 28, 2009 ICRA downgrades the ratings assigned to the bank lines of Koutons Retail India Limited
August 27, 2009 ICRA assigns LB+ rating to the bank lines of Shah and Jain Constructions Private
Limited
August 27, 2009 ICRA assigns LBBB-/A3 ratings to the bank limits of Focus Energy Limited
August 27, 2009 ICRA upgrades the ratings assigned to the bank limits of Ester Industries Limited to
LBBB/A3+
August 27, 2009 ICRA assigns LBB+/A4+ ratings to the bank limits of Nobel Hygiene Private Limited
August 27, 2009 ICRA reaffirms A2 rating to the bank limits of Renaissance Jewellery Limited
August 27, 2009 ICRA assigns fresh ratings to the bank lines of Herve Pomerleau International Inc. -
Consolidated Construction Consortium Limited JV
August 27, 2009 ICRA US Subsidiaries Get Merged
August 27, 2009 ICRA assigns LB+ (SO), LB (SO) and LC ratings to the bank loans of Tamil Nadu
Cooperative Housing Federation Limited
August 27, 2009 ICRA assigns LBBB+/A2+ to the bank limits of ITD Cementation India Limited (ITD-ITD
Cem JV)
August 26, 2009 ICRA revises the earlier ratings of LA-/A1 to LBBB+/A2+ assigned to the bank limits of
ITD Cementation India Limited
August 26, 2009 ICRA assigns LB/A4 to the bank lines of Kumaragiri Electronics Limited
August 26, 2009 ICRA upgrades long term rating of Bajaj Electricals Limited to LA+ and reaffirms short
term rating at A1; assigns A1 rating to short term debt programme
August 26, 2009 ICRA Assigns LA+ (SO) & A1 (SO) ratings to bank lines of Starlite Lighting Limited
August 26, 2009 ICRA assigns LBBB- and A3 ratings to the bank lines of Tilaknagar Industries Limited
August 26, 2009 ICRA assigns LB/A4 ratings to the bank lines of Kumaragiri Textiles Limited
August 26, 2009 ICRA assigns LBB and A4 rating to the Bank credit lines of Parksons Graphics, Prop.:
Abhi-Ani Manufacturing Company Private Limited
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Abhi-Ani Manufacturing Company Private Limited

August 26, 2009 ICRA upgrades the ratings assigned to the bank lines of Cambridge Solutions Limited
August 26, 2009 ICRA reaffirms LA/A1+ rating to the enhanced bank limits of Godrej Agrovet Limited
(GAVL); reaffirms A1+ rating to the Commercial Paper programme of GAVL for an
enhanced amount
August 26, 2009 ICRA assigns LAA+ rating to the Secured Debentures Programme of HCL Technologies
Limited
August 26, 2009 ICRA assigns A1+ rating to the enhanced CP/ STD Programme of Telco Construction
Equipment Company Limited
August 25, 2009 ICRA assigns LBB/A4 rating to the bank limits of M/s Indian Designs
August 25, 2009 ICRA assigns LBBB/A2 to the bank lines of UB Engineering Limited
August 25, 2009 ICRA assigns LBBB/A3+ to the bank lines of Swastik Pipes Limited
August 25, 2009 ICRA assigns high-credit-quality rating to Rs. 2.0 billion NCD Programme of Deutsche
Postbank Home Finance Ltd; reaffirms the ratings assigned earlier
August 25, 2009 ICRA assigns LBB+/A4+ rating to the bank lines of Malhotra Rubbers Limited
August 25, 2009 ICRA assigns the A1+ rating to the fresh Rs. 1.0 billion Commercial Paper (CP)/ Short
term bank borrowing programme of Tata Capital Housing Finance Limited
August 25, 2009 ICRA revises rating assigned to the bank lines of NSL Textiles Limited
August 25, 2009 ICRA revises rating assigned to the bank lines of NSL Textiles (Edlapadu) Limited
August 24, 2009 ICRA releases a summary update on the performance of ABS pools
August 24, 2009 ICRA assigns LBBB-/A3 to the bank lines of Spacewood Furnishers Private Limited
August 24, 2009 ICRA reaffirms ratings of various debt programmes of Axis Bank
August 24, 2009 Aviation Infrastructure: Regulatory Uncertainty and Liquidity Conditions Impact Growth
Plans
August 24, 2009 ICRA Assigns LBB+/ A4+ rating to bank limits of M/s. Budhale & Budhale
August 24, 2009 ICRA assigns LBB+/ A4+ rating to bank limits of Noble Hospitals Private Limited
August 24, 2009 ICRA revises the bank line ratings of Sheetal Manufacturing Company Private Limited
(erstwhile Sheetal Manufacturing Co.)
August 24, 2009 ICRA assigns LBBB-/ A3 rating to the bank facilities of Raunaq Automotive Components
Limited
August 24, 2009 ICRA assigns LBBB-/A3 ratings to the banklines of V.K.Industrial Corporation Limited
August 24, 2009 ICRA places ratings of H&R Johnson (India) Limited on rating watch with positive
implications
August 24, 2009 ICRA assigns LBBB rating to bank lines of Legacy Foods Private Limited
August 24, 2009 ICRA retains LBBB rating to the term loan facilities of Hazira Plate Limited
August 21, 2009 ICRA assigns LAA+ rating to long term bank facilities of Dr. Reddy’s Laboratories
Limited
August 21, 2009 ICRA assigns rating to Common cash collateral provided in two securitisation
transactions originated by SREI Equipment Finance Private Limited
August 21, 2009 ICRA assigns highest credit quality rating to the Rs. 7.50 billion Immediate Debt
programme of Religare Finvest Limited
August 21, 2009 ICRA revises bank line ratings assigned to Veena Industries Limited (VIL); assigns
ratings to VIL’s enhanced limits
August 21, 2009 ICRA assigns LBB rating to bank lines of L M Sagar Exports
August 21, 2009 ICRA revises the ratings of Auro Gold Jewellery Private Limited
August 20, 2009 ICRA places ratings of Prism Cement Limited on rating watch with negative implications
August 20, 2009 ICRA revises ratings assigned to the bank lines of The Andhra Petrochemicals Limited
August 20, 2009 ICRA assigns LA+ rating to the long term debt (including NCD) programme of UTV
Software Communications Limited
August 20, 2009 ICRA assigns highest credit quality rating to the enhanced long term borrowing
programme of Indian Railway Finance Corporation
August 20, 2009 ICRA Assigns LBB/A4 ratings to bank limits of Siena Engineering Private Limited
August 20, 2009 ICRA reaffirms ratings assigned to senior PTCs/ Acquirer Payouts backed by mortgage
loan pools of Standard Chartered Bank
August 20, 2009 ICRA assigns A1 rating to KEC International Limited’s enhanced CP/STD Programme
August 20, 2009 ICRA assigns LBB+ rating to bank lines of G R Constructions
August 20, 2009 ICRA assigns ratings of LAA- and A1+ to the bank lines of Chowgule and Company
Private Limited
August 20, 2009 ICRA revises rating assigned to the bank lines of Super Spinning Mills Limited
August 19, 2009 ICRA assigns LBB /A4 ratings to the bank limits of SAL Steel Limited
August 19, 2009 ICRA assigns LBBB+(SO) rating to the Rs. 100 million Long Term Loan taken by
Tanglin Developments Limited
August 19, 2009 ICRA assigns LBBB+(SO) rating to the Rs. 200 million Long Term Loan taken by
Tanglin Retail Reality Developments Private Limited
August 19, 2009 ICRA downgrades and suspends the ratings assigned to the bank lines of Shamanur
Sugars Limited
August 19, 2009 ICRA places ratings of RMC Readymix (India) Pvt. Ltd. on rating watch with positive
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August 19, 2009 ICRA places ratings of RMC Readymix (India) Pvt. Ltd. on rating watch with positive
implications
August 19, 2009 ICRA assigns LBBB rating to the Rs. 4 billion term loan programme of RMZ Infotech
Private Limited
August 19, 2009 ICRA assigns LBBB-/A3+ rating to bank facilities of Network 18 Media and Investments
Limited
August 19, 2009 ICRA assigns A1+ rating to Canara Bank’s enhanced Certificates of Deposit
programme
August 19, 2009 ICRA assigns the A1 rating to the enhanced Rs.1000 million Commercial Paper (CP) /
Short term Debt (STD) programme of Manappuram General Finance & Leasing Limited
(MAGFIL)
August 19, 2009 ICRA assigns LA / A1 to the bank facilities of Amgoorie India Limited
August 19, 2009 ICRA assigns LA / A1 to the bank facilities of Koomber Tea Company Private Limited
August 19, 2009 ICRA assigns LA / A1 to the bank facilities of Stewart Holl (India) Limited
August 19, 2009 ICRA assigns Real Estate Valuer Grading of CV2- to R.B. Shah and Associates
August 19, 2009 ICRA assigns LBB+/A4+ ratings to the bank limits of India Shoes Exports Private
Limited
August 19, 2009 ICRA assigns LBB+/A4+ ratings to the bank limits of Farida Shoes Private Limited
August 18, 2009 ICRA reaffirms its LA- rating assigned to L&T Western Andhra Tollways Private Limited
August 18, 2009 ICRA assigns LAA- rating to the bank facilities of L&T Narmada Infrastructure
Construction Enterprise Limited
August 18, 2009 ICRA reaffirms its LBBB rating of L&T Krishnagiri Thopur Toll Road Limited
August 18, 2009 ICRA revises the rating assigned to term loans of L&T Panipat Elevated Corridor Limited
August 18, 2009 ICRA reaffirms LA+ rating of L&T Transportation Infrastructure Limited
August 18, 2009 ICRA reaffirms LBB+ rating to the bank limits of C. Mahendra Exports Limited; reaffirms
A4+ rating to the bank limits for an enhanced amount
August 18, 2009 ICRA withdraws conditional rating assigned to the Rs. 4,000 million long-term loan taken
by RMZ Infotech Private Limited
August 18, 2009 ICRA withdraws grading assigned to Ganeshan Builders Limited
August 18, 2009 ICRA withdraws grading assigned to Akshay Colony Project
August 18, 2009 ICRA withdraws grading assigned to Millenium - I Project
August 18, 2009 ICRA withdraws grading assigned to International Convention Centre-Phase I (Trade
Tower)
August 18, 2009 ICRA withdraws grading assigned to Westwind Project
August 18, 2009 ICRA upgrades ratings of 6 vehicle loan-backed transactions originated by Tata Motors;
reaffirms ratings of 19 other transactions originated by Tata Motors /Tata Motors
Finance
August 18, 2009 ICRA withdraws the rating assigned to the Commercial Paper programme of Sandvik
Asia Limited
August 17, 2009 ICRA downgrades the rating for PTCs and assignee payouts backed by a pool of
Personal Loans originated by Cholamandalam DBS Finance Limited (CDFL); reaffirms
ratings of payouts backed by 2 other pools of Personal Loans of CDFL
August 17, 2009 ICRA assigns LBBB- to bank lines of Lala Munni Lal Mange Ram Charitable Trust
August 17, 2009 ICRA assigns LBB rating to bank lines of Action Ginni Devi Cancer Hospital
August 17, 2009 ICRA assigns LBBB- and A3 to the bank lines of Tibrewala Electronics Limited
August 17, 2009 ICRA assigns LBB rating to the bank lines of Mohtisham Complexes Private Limited
August 17, 2009 ICRA reaffirms rating for bank lines of Precot Meridian Limited
August 17, 2009 ICRA withdraws the rating assigned to the Commercial Paper programme of Polycab
Wires Pvt. Ltd
August 17, 2009 ICRA reaffirms the ratings for all PTC tranches and Purchaser Payouts backed by eight
pools of Construction Equipment Loans originated by SREI Equipment Finance Private
Limited (SEFPL)
August 17, 2009 ICRA reaffirms LAAA/A1+ to the bank lines of Tata Consultancy Services (TCS)
August 17, 2009 ICRA assigns highest credit quality rating to India Infoline Investment Services Ltd’s
short term debt programme For IPO financing
August 17, 2009 ICRA assigns A1+ (SO) rating to ENAM Finance Private Limited’s Short Term Debt
Programme for IPO financing
August 17, 2009 ICRA assigns A1 (SO) rating to Rathi Global Finance Ltd’s Short Term Debt Programme
for IPO Financing
August 17, 2009 ICRA assigns LA rating to the bank limits of Associated Road Carriers Limited
August 13, 2009 ICRA assigns LBB+/ A4+ rating to the bank limits of Sintech Precision Products Limited
August 13, 2009 ICRA assigns LD/ A5 ratings to the bank limits of Unitex International Private Limited
August 13, 2009 ICRA revises the rating assigned to the bank limits of M/S Minestone
August 13, 2009 ICRA reaffirms A2+ rating to Short term bank limits of Emkay Global Financial Services
Limited
August 13, 2009 ICRA reaffirms LAA- and A1+ ratings to the bank limits of Acer India Private Limited
August 13, 2009 ICRA reaffirms its LBBB+/ A2+ rating to the bank limits of Deccan Cements Limited
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August 13, 2009 ICRA reaffirms its LBBB+/ A2+ rating to the bank limits of Deccan Cements Limited
August 13, 2009 ICRA assigns LBB+ rating to the bank lines of Parmanand and Sons Food Products
Private Limited
August 13, 2009 ICRA Assigns LBB rating to the Rs 180 million bank lines of Manney Engineering
Private Limited
August 13, 2009 ICRA assigns conditional LAAA (SO) ratings to the Pass Through Certificates backed
by new car loan pool originated by Reliance Capital Limited
August 12, 2009 ICRA assigns LAA+ / A1+ ratings for Aditya Birla Nuvo’s bank lines and debenture
programme
August 12, 2009 ICRA assigns LBB/A4 rating to the bank lines of Vasundhara Cotton Mills Private
Limited
August 12, 2009 ICRA revises the long term bank line rating of Perfect Knitters Limited
August 12, 2009 ICRA assigns LBB/A4 rating to the bank lines of Santosh Fine-Fab Limited
August 12, 2009 ICRA assigns LB+/A4 rating to the bank limits of Enem Nostrum Remedies Private
Limited
August 12, 2009 ICRA revises the bank line ratings of C. Mahendra Exports Limited
August 12, 2009 ICRA revises the bank line ratings of GTN Industries Limited
August 12, 2009 ICRA assigns LBB/A4 rating to the bank lines of Santosh Fine-Fab Limited
August 12, 2009 ICRA assigns LB+/A4 rating to the bank limits of Enem Nostrum Remedies Private
Limited
August 11, 2009 ICRA assigns A4 ratings to bank limits of Dhir International Private Limited
August 11, 2009 ICRA revises the long-term rating of Bharat Forge Limited; re-affirms the short-term
rating
August 11, 2009 ICRA reaffirms moderate credit quality rating to the preference share capital of
International Asset Reconstruction Company (P) Limited
August 11, 2009 ICRA reaffirms highest credit quality ratings of HDFC Limited
August 10, 2009 ICRA reaffirms highest credit quality ratings to various debt instruments of Infrastructure
August 10, 2009 ICRA revises ratings on Bank lines and fixed deposits of Oriental Hotel Limited
August 10, 2009 ICRA assigns LBB- rating to bank limits of Shree Naman Builders Private Limited
August 10, 2009 ICRA assigns LBB+ rating to bank limits of Shree Naman Hotels Private Limited
August 10, 2009 ICRA reaffirms A1 rating for the Commercial Paper programme of Tulip Telecom
August 10, 2009 ICRA withdraws rating assigned to the Non- Convertible Debenture Programme of The
Waterbase Limited
August 10, 2009 ICRA assigns A1 rating to the fresh Short Term Debt (including commercial paper)
programme of Venky`s (India) Limited
August 10, 2009 ICRA assigns LAA- rating to North Eastern Electric Power Corporation Limited
August 7, 2009 ICRA reaffirms LAA rating to the fund based limits/ long term non -fund based limits and
A1+ rating to short term, non- fund based limits of ALSTOM Projects India Limited
August 7, 2009 ICRA: Private sector faces significant challenges in port projects
August 7, 2009 ICRA assigns LA- and A2+ rating to the bank lines of Simplex Engineering and Foundry
Works Private Limited
August 7, 2009 ICRA revises bank line ratings of VVF Limited
August 7, 2009 ICRA assigns LBB/ A4 rating to the bank lines of Guntur Spinning Mills Private Limited
August 7, 2009 ICRA assigns LBB rating to the Bank Limits of M/s M.P. Khaitan
August 7, 2009 ICRA assigns LBB/A4 ratings to the bank lines of Balarama Krishna Spinning Mills
Private Limited
August 7, 2009 ICRA assigns LBB- rating to the Bank credit lines of Divine Infracom Private Limited
August 7, 2009 ICRA assigns LBB+/A4+ ratings to the Term Loan Limit and Non-Convertible
Debenture/Commercial Paper Programme of Shree Naman Developers Limited
August 7, 2009 ICRA assigns A1 (SO) rating to Karvy Financial Services Limited’s Short Term Debt
Programme for IPO Financing
August 7, 2009 ICRA revises the rating assigned to the bank loans of Brigade Enterprises Limited
August 7, 2009 ICRA assigns LBB+/A4+ ratings to the bank limits of Deem Roll Tech Limited
August 5, 2009 ICRA assigns LBB-/A4 to Winsome Yarns Limited’s bank lines
August 5, 2009 ICRA assigns LBB/A4 to Winsome Textile Industries Limited’s bank lines
August 5, 2009 ICRA assigns LBBB/A3+ to bank limits of Anu’s Laboratories Limited
August 5, 2009 ICRA assigns conditional LAAA (SO) ratings to the Acquirer Payouts backed by 2
mortgage loan pools originated by HDFC Limited
August 4, 2009 ICRA assigns LAA+ rating to the Secured Debentures Programme of HCL Technologies
Limited
August 4, 2009 ICRA assigns LBB+ and A4+ ratings to the bank limits of OPG Metals Private Limited
August 4, 2009 ICRA assigns LBB+ and A4+ ratings to the bank limits of OPG Industries Limited
August 4, 2009 ICRA has assigned LA/A1 rating to the bank limits of Karuturi Global Limited
August 4, 2009 ICRA upgrades long term rating of NDPL under Basel II and reaffirms short term rating
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under Basel II and of CP programme

August 4, 2009 ICRA assigns LA-/A2+ ratings to the bank lines of Indofil Organic Industries Limited
(IOIL)
August 4, 2009 ICRA assigns conditional A1+(SO) ratings to the PTCs under loan securitisation
programme of Axis Bank
August 4, 2009 ICRA withdraws grading assigned to Infinity Project
August 4, 2009 ICRA withdraws grading assigned to Hiland Park Project (Phase-I And II)
August 4, 2009 ICRA withdraws grading assigned to ATS Greens Village Project and ATS Greens
Phase – II Project
August 4, 2009 ICRA assigns LBBB- and A3 ratings to the bank limits of Indsil Energy and
Electrochemicals Limited
August 3, 2009 ICRA retains A1+ rating to the Commercial Paper / short-term Non-Convertible
Debenture Programme of Chennai Petroleum Corporation Limited
August 3, 2009 ICRA assigns LA- rating to the bank lines of The Institute of Chartered Financial
Analysts of India (ICFAI)
August 3, 2009 ICRA assigns A1+ rating to Lupin Limited for an enhanced amount
August 3, 2009 ICRA assigns LBBB-/A3 rating to the bank lines of Khosla Profil Private Limited
August 3, 2009 ICRA assigns LBB/ A4 ratings to the bank limits of Ranganayaka Spinning Mills Private
Limited
August 3, 2009 ICRA assigns LAA- rating to Edelweiss Capital Limited’s Enhanced Long Term Debt
programme
August 3, 2009 ICRA assigns LBB rating to the bank lines of Global Smelters Limited
August 3, 2009 ICRA assigns LBBB- rating to the bank lines of Juhi Alloys Limited
August 3, 2009 ICRA assigns LBBB rating to the bank lines of Rimjhim Ispat Limited
July 31, 2009 ICRA assigns LAA and A1+ ratings to the bank limits of KONE Elevator India Private
Limited
July 31, 2009 ICRA assigns LBBB-/A3 rating to the bank limits of Hariharan Foundations Private
Limited
July 31, 2009 ICRA assigns LBBB and A2 ratings to the bank limits of Indsil Hydro Power and
Manganese Limited
July 31, 2009 ICRA reaffirms ratings assigned to senior PTCs under MBS programme of Sundaram
BNP Paribas Home Finance Limited
July 31, 2009 ICRA upgrades rating assigned to a micro-finance loan pool originated by Share
Microfin Limited
July 31, 2009 ICRA assigns LBB ratings to the bank limits of Arcoy Bio-Refinery Private Limited
July 31, 2009 ICRA reaffirms LA and A1 ratings assigned to the bank lines of Gujarat Industries
Power Company Limited
July 31, 2009 ICRA assigns A4+ rating to the bank credit lines of Dharam Exim
July 31, 2009 ICRA assigns A3 rating to the bank credit lines of Gunjan Exports
July 31, 2009 ICRA assigns LBBB / A3+ ratings to bank lines of Brahmaputra Infrastructure Limited
July 31, 2009 ICRA reaffirms LAA/A1+ ratings of Indraprastha Medical Corporation Limited
July 31, 2009 ICRA assigns LA/A1 rating to the bank limits of Flemingo Dutyfree Shop Private Limited
July 31, 2009 ICRA assigns A1+ rating for Redington’s short term debt programme; reaffirms
LA+/A1+ ratings to the bank facilities
July 30, 2009 ICRA reaffirms LA-/A2+ ratings for Cinemax India Limited; removes rating watch with
negative implications
July 30, 2009 ICRA assigns LBBB rating to the bank limits of Kothari Sugars and Chemicals Limited
July 30, 2009 ICRA assigns LBB/A4 rating to the bank credit lines of Nandi Vardhana Textile Mills
Limited
July 30, 2009 ICRA assigns LBBB-/A3 ratings to the bank limits of Karamtara Steel Private Limited
July 30, 2009 ICRA assigns LBBB/A2 ratings to the bank limits of Karamtara Engineering Private
Limited
July 30, 2009 ICRA revises the ratings assigned to the bank lines of Omax Autos Limited
July 30, 2009 ICRA assigns LBB+ rating to the bank limits of Arvind Motors Private Limited
July 30, 2009 ICRA assigns LA rating to term loan facilities from banks of Repco Home Finance
Limited; reaffirms ratings assigned earlier
July 29, 2009 ICRA assigns LBB+ ratings to the term loan and fund based bank limits of Hy-Tuf Steels
Private Limited
July 29, 2009 ICRA assigns LBB rating to the bank limits of Glittek Granites Limited
July 29, 2009 ICRA upgrades the short term rating of Deepak Steel & Power Limited from A3+ to A2
July 29, 2009 ICRA assigns A4 rating to the bank credit lines of Cream Jewellery
July 29, 2009 ICRA assigns LBB/A4 ratings to the bank facilities of Ravi Technoforge Private Limited
July 29, 2009 ICRA reaffirms LBBB+/A2+ ratings to the bank limits of Venkateshwara Hatcheries
Private Limited
July 28, 2009 ICRA has assigned IPO Grade 3 to the proposed initial public offering of NHPC Limited
July 28, 2009 ICRA re-affirms LA/ A1 ratings to the bank facilities of Bajaj Motors Limited for an
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July 28, 2009 ICRA re-affirms LA/ A1 ratings to the bank facilities of Bajaj Motors Limited for an
enhanced amount
July 28, 2009 ICRA assigns LBBB-/ A3 ratings to the bank facilities of Uniproducts India Private
Limited
July 28, 2009 ICRA assigns LBBB- (SO)/ A3 (SO) ratings to the bank facilities of Juken Uniproducts
Private Limited
July 28, 2009 ICRA assigns LBBB-/A3 rating to the bank limits of Parixit Industries Limited
July 28, 2009 ICRA assigns LBBB- and A3 ratings to the bank limits of Rama Steel Tubes Limited
July 28, 2009 ICRA assigns LBB+ rating to Rs. 200 million Fund Based facilities of Deccan’s Park
Limited
July 28, 2009 ICRA assigns A1+(SO) rating to Television Eighteen’s Commercial Paper programme
July 27, 2009 ICRA revises the long term rating of Television Eighteen’s bank facilities
July 27, 2009 ICRA assigns LBB+ rating to bank lines of Bhavya Cements Limited
July 27, 2009 ICRA assigns A1+ (SO) rating to ENAM Finance Private Limited’s Short Term Debt
Programme
July 27, 2009 ICRA assigns LBB+ and A4+ rating to bank lines of Goel Jewellery Overseas Corp.
July 24, 2009 ICRA assigns LA+/A1+ to the bank facilities of Goodricke Group Limited
July 24, 2009 ICRA assigns LAA and A1+ ratings to the bank limits of Maharashtra Elektrosmelt
Limited
July 24, 2009 ICRA retains the ratings on the bank lines and term loans of Gujarat State Electricity
Corporation Limited
July 24, 2009 ICRA Limited: Unaudited Financial Results for Quarter ended June 30, 2009
July 23, 2009 ICRA assigns LBB+ rating to Fund based and Non Fund based facilities of Laxmi
Memorial Education Trust
July 23, 2009 ICRA assigns LBB/A4 ratings to the bank facilities of Pix Transmissions Limited
July 23, 2009 ICRA assigns A1 rating to the short term debt programme of KEC International Limited
July 23, 2009 ICRA reaffirms LA+/ A1+ ratings assigned to the bank lines of Dura-Line India Private
Limited
July 23, 2009 ICRA assigns LBBB and A2 rating to bank limits of Weener Empire Plastics Limited
July 23, 2009 ICRA reaffirms LA-/A1 ratings to the bank limits of Venky`s (India) Limited (VIL); Rating
amount enhanced
July 23, 2009 ICRA assigns LBB and A4 rating to the Bank credit lines of Pramukh Gems
July 23, 2009 ICRA assigns LA / A1 ratings to the bank lines of Usha International Limited
July 22, 2009 ICRA assigns LBB rating to the Rs. 99 million term loan of DSF Grand Plazas Private
Limited
July 22, 2009 ICRA assigns LBB/A4 ratings to the bank lines of Anand Nishikawa Company Limited
July 22, 2009 ICRA re-affirms LA+/A1 rating to the bank limits of Sanghvi Movers Limited
July 22, 2009 ICRA reaffirms LBBB+ and A2+ ratings to the bank lines of RMC Readymix India
Private Limited
July 22, 2009 ICRA revises short-term rating assigned to CP/STD programme of Archies Limited;
Reaffirms LA rating assigned to its Bank lines
July 22, 2009 ICRA reaffirms LBBB- rating for the enhanced bank facilities of Modern for Modern
Industries (sole proprietary concern owned by B.B. Lal & Sons)
July 22, 2009 ICRA reaffirms LAA+ rating to Rs. 150 million NCD programme of Dabur India Limited
(DIL)
July 22, 2009 ICRA retains the ratings on the bank lines and term loans of Gujarat Energy
Transmission Corporation Limited
July 21, 2009 ICRA upgrades short-term ratings of Balrampur Chini Mills Limited from A1 to A1+
July 21, 2009 ICRA assigns LA+ rating to long term sanctioned bank lines of PTC India Financial
Services Limited
July 21, 2009 ICRA places the ratings of The State Trading Corporation of India Limited on Rating
Watch with Developing implications
July 21, 2009 ICRA upgrades the long term rating of Dhanalakshmi Bank to LA- from LBBB+
July 21, 2009 ICRA assigns A1+ rating to Rs. 90 billion (enhanced from Rs. 60 billion) certificate of
deposit programme of State Bank of Mysore
July 21, 2009 ICRA upgrades short-term ratings of Triveni Engineering and Industries Limited (TEIL)
from A1 to A1+
July 21, 2009 ICRA assigns LBBB- to the bank lines of Shri Rathi Steel (Dakshin) Limited
July 21, 2009 ICRA assigns LBBB- to the bank lines of Shri Rathi Steel Limited
July 21, 2009 ICRA assigns LBBB-/A3 ratings to the bank facilities of Flawless Diamond (India)
Limited
July 21, 2009 ICRA assigns LBBB+/A2 ratings to the bank lines of MRO-TEK Limited
July 21, 2009 ICRA assigns high credit quality ratings to the Long term debt programme of Bajaj Auto
Finance Limited
July 21, 2009 ICRA assigns LBBB+ & A2+ ratings to Apcotex Industries Limited
July 21, 2009 ICRA re-affirms A1/ LA- ratings to the bank facilities of Apollo International Limited for
an enhanced amount
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July 21, 2009 ICRA assigns LBBB-/A3 ratings to the bank facilities of Mahalaxmi Rubtech Limited
July 21, 2009 ICRA assigns A1+ rating to the enhanced Certificate of Deposits Programme of IDBI
Bank
July 21, 2009 ICRA revises the ratings assigned to the bank lines of SMC Power Generation Limited
July 21, 2009 ICRA assigns LBBB and A3+ ratings to the bank limits of Kanishk Steel Industries
Limited
July 21, 2009 ICRA assigns conditional A1+(SO) rating to the PTCs under loan securitisation
programme of ICICI Bank Limited - Loan Securitisation Trust Series 59
July 21, 2009 ICRA reaffirms the ratings of Voltas Limited at LAA & A1+
July 20, 2009 ICRA revises bank-line ratings assigned to ICOMM Tele Limited (ICOMM); assigns
ratings to ICOMM’s enhanced limits
July 20, 2009 ICRA assigns LBB/A4 to bank limits of Jayshree Die Castings Private Limited
July 17, 2009 ICRA assigns LBB/A4 ratings to the bank lines of Tara Health Foods Limited
July 17, 2009 ICRA Assigns LBB and A4 rating to the bank limits of SSPDL Limited
July 17, 2009 ICRA assigns LAA+ rating with a stable outlook to Rs. 2.5 billion non convertible
debentures programme of Sundaram Finance Limited
July 17, 2009 ICRA assigns LAA- rating to Edelweiss Capital Limited’s Enhanced Long Term Debt
programme
July 16, 2009 ICRA reaffirms A1+ rating for the Short-term NCD/CP of Orient Paper & Industries
Limited
July 16, 2009 ICRA reaffirms LBBB/A2 to bank lines of PCS Technology Limited
July 16, 2009 ICRA assigns LBBB-/A3+ ratings to the enhanced bank limits of Jay Polychem (India)
Limited
July 16, 2009 ICRA reaffirms ratings on various debt programmes of Global Trade Finance Limited
July 16, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of Swati Menthol & Allied Chemicals
Limited
July 16, 2009 ICRA assigns LAA+ rating to long term bank lines and A1+ rating to short term bank
lines of GIC Housing Finance Limited
July 16, 2009 ICRA assigns LAAA (SO) rating to Cash Deposit / Margin placed by Clearing Member
Banks with MCX – SX Clearing Corporation Limited
July 15, 2009 ICRA revises the ratings assigned to the bank lines and commercial paper programme
of Tanfac Industries Limited
July 15, 2009 ICRA assigns LBB+/A4+ ratings to Vardhman Stampings Private Limited
July 15, 2009 ICRA assigns A1 rating to the Rs. 400 million Commercial Paper Programme of J K
Paper Limited
July 15, 2009 ICRA assigns LBB+ and A4+ ratings to the bank limits of Devashree Ispat (P) Limited
July 15, 2009 ICRA upgrades the long term rating& issuer rating of Hooghly Met Coke and Power
Limited to LA+; assigns short term rating of A1+ on the bank guarantee facility
July 15, 2009 ICRA reaffirms ratings assigned to senior PTCs under MBS programme of IDBI Bank
Limited
July 15, 2009 ICRA assigns LBB+/ A4+ rating to the bank facilities of Jeewan Motors Private Limited
July 15, 2009 ICRA assigns LA+ (SO) rating to the bank lines of NCC Urban Infrastructure Limited
July 15, 2009 ICRA assigns LBBB and A2 rating to the Bank credit lines of Aspen International Private
Limited
July 15, 2009 ICRA Assigns LBB rating to bank lines of Pondicherry Tindivanam Tollway Limited
(PTTL)
July 15, 2009 ICRA withdraws rating assigned to the CP/STD programme of Nirma Limited
July 15, 2009 ICRA withdraws rating assigned to the STD programme of Gujarat State Petroleum
Corporation Limited
July 15, 2009 ICRA withdraws rating assigned to the STD programme of Sumitomo Chemical India
Private Limited
July 15, 2009 ICRA withdraws rating assigned to the STD programme of SC Enviro Agro Private
Limited
July 14, 2009 ICRA assigns LA+ (SO) rating to the fund based limits and A1+ (SO) rating to Non fund
based limits of Intra Vidyut Limited
July 14, 2009 ICRA downgrades the long-term rating of Bihar Tubes Limited to LBBB+; reaffirms the
short-term rating of A2+
July 14, 2009 ICRA assigns highest credit quality rating to enhanced Rs. 60 billion CD Programme of
Punjab and Sind Bank
July 14, 2009 ICRA withdraws rating assigned to the PTCs enlisted below, issued under ABS
July 14, 2009 ICRA assigns LBB rating to the bank lines of Daaj Hotels and Resorts Private Limited
July 13, 2009 ICRA downgrades the ratings assigned to the fund and non-fund based limits of STCL
Limited to LC/A5
July 13, 2009 ICRA assigns LBB/A4 ratings to the bank limits of IBC Limited
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July 13, 2009 ICRA reaffirms adequate-credit-quality ratings of DHFL Vysya Housing Finance Limited
July 13, 2009 ICRA assigns LBBB+ (SO) and A2 (SO) ratings to the bank limits of QuEST Machining
and Manufacturing Private Limited
July 13, 2009 ICRA assigns A1+ rating to the Commercial Paper Programme of Chennai Petroleum
Corporation Limited
July 13, 2009 ICRA assigns A1 rating to Rs. 500 million commercial paper programme of Muthoot
Fincorp Limited
July 10, 2009 ICRA assigns LBBB-/A3 ratings to the bank facilities of Amrit Feeds Limited
July 10, 2009 ICRA reaffirms A1+ rating for Commercial Paper / Short Term Debt programme and
LAA rating for the bank lines of Ericsson India Private Limited
July 10, 2009 ICRA revises the bank line ratings of Pokarna Limited
July 10, 2009 ICRA reaffirms the bank line rating of Adani Logistics Limited (erstwhile Inland Conware
Private Limited) post merger
July 9, 2009 ICRA reaffirms LAA- and A1+ rating to the enhanced bank credit lines of Sterling &
Wilson Private Limited
July 9, 2009 ICRA reaffirms A1+ rating to the Commercial Paper programme of Godrej Agrovet
July 9, 2009 ICRA withdraws Commercial Paper rating on Goldmohur Foods & Feeds Limited
July 9, 2009 ICRA Assigns LBB+ to the bank lines of M/s Sonam Builders
July 9, 2009 ICRA assigns LBBB/ A3+ rating to the bank facilities of Minda Industries Limited
July 9, 2009 ICRA withdraws the bank line rating of Adani Logistics Limited
July 9, 2009 ICRA assigns LBBB/A3+ rating to the bank credit lines of Sterling & Wilson Power Gen
Private Limited
July 9, 2009 ICRA assigns the average credit quality rating to the enhanced Long term Bank Lines of
Manappuram General Finance & Leasing Limited
July 9, 2009 ICRA assigns the high credit quality rating to the Rs. 10 billion Non-Convertible
Debenture programme of L&T Finance Limited
July 9, 2009 ICRA assigns A1+ rating to UTV Software Communications’ Commercial Paper
programme for an enhanced amount
July 9, 2009 ICRA assigns LBBB-/A3 ratings to the bank limits of Shree Pushkar Petro Products
Limited
July 8, 2009 ICRA assigns LBBB and A3+ ratings to bank lines of Komal Foods Private Limited
(KFPL)
July 8, 2009 ICRA assigns LA+ and A1+ ratings to bank lines of Haldiram Foods International
Limited (HFIL)
July 8, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of Winwind Power Energy Private
Limited
July 8, 2009 ICRA withdraws ‘A1+s’ rating assigned to the Commercial Paper Programme of J K
Paper Limited
July 8, 2009 ICRA assigns LBBB-/A3 ratings to bank lines of B.G. Shirke Construction Technology
Private Limited
July 8, 2009 ICRA assigns LBBB- to the bank lines of Adani Power Maharashtra Limited
July 8, 2009 ICRA assigns LBB rating to the long term loan of Starex Developers Private Limited
July 8, 2009 ICRA assigns LBB/A4 ratings to the bank limits of Satyam Enterprises
July 8, 2009 ICRA retains the ratings on the bank lines of Dakshin Gujarat Vij Company Limited
July 8, 2009 ICRA retains the ratings on the bank lines of Gujarat Urja Vikas Nigam Limited
July 8, 2009 ICRA retains the ratings on the bank lines of Paschim Gujarat Vij Company Limited
July 8, 2009 ICRA retains the ratings on the bank lines of Uttar Gujarat Vij Company Limited
July 8, 2009 ICRA retains the ratings on the bank lines of Madhya Gujarat Vij Company Limited
July 7, 2009 ICRA re-affirms LAA/A1+ ratings to the bank limits of Bharat Bijlee Limited (BBL);
Rating amount enhanced, assigns fresh rating of A1+ to the captioned commercial
paper programme
July 7, 2009 ICRA assigns LA/A1 ratings to the bank lines of Secon Private Limited
July 7, 2009 ICRA assigns highest credit quality rating to the Borrowing Programme of Power Grid
July 7, 2009 ICRA assigns LBB/A4 rating to the Bank credit lines of Royal Regency Fassions Private
Limited
July 7, 2009 ICRA assigns LBB/A4 rating to the Bank credit lines of Amit Medicos
July 7, 2009 ICRA assigns LBB/A4 rating to the Bank credit lines of Siomond Pharmaceuticals
Private Limited
July 7, 2009 ICRA assigns A1+ rating to the Commercial Paper/Short Term Debt programme of
Ashok Leyland Limited
July 7, 2009 ICRA assigns LBB rating to the long term loan of D.D. Properties Private Limited
July 7, 2009 ICRA assigns fresh ratings to the bank lines of Jindal Waterways Limited
July 7, 2009 ICRA assigns LA/ A1 rating to the bank facilities of Neel Metal Products Limited
July 7, 2009 ICRA reaffirms A1+ rating for Commercial Paper / Short Term Debt programme and
Non-fund based bank lines of Jindal SAW Limited
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Non-fund based bank lines of Jindal SAW Limited

July 7, 2009 ICRA assigns LBBB-/A3 ratings to the bank limits of International Seaport Dredging
Limited
July 7, 2009 ICRA assigns A1+ rating to Short Term debt programme of Jamnalal Sons Private
Limited
July 6, 2009 ICRA has assigned IPO Grade 3 to the proposed initial public offering of Adani Power
Limited
July 6, 2009 ICRA assigns LA+/A1 rating to bank lines and A1 rating to Commercial Paper of Allied
Digital Services Limited
July 6, 2009 ICRA retains the Stakeholder Value and Governance Rating at SVG1 and Corporate
Governance Rating at CGR2+ for Godrej Consumer Products Limited
July 6, 2009 ICRA assigns LBBB-/ A3 ratings to the bank limits of TIL Exports Private Limited
July 6, 2009 ICRA assigns LBBB rating to the bank lines of Paragon Polymer Products Private
Limtied
July 6, 2009 ICRA assigns A1+ rating to United Bank of India’s enhanced Certificate of Deposit
Programme
July 3, 2009 ICRA assigns LBBB+/A2 rating to Bank Lines of Sanman Trade Impex Private Limited
July 3, 2009 ICRA assigns LBB and A4 rating to the bank credit lines of Navin Mehta & Company
July 3, 2009 ICRA assigns A4 rating to the bank credit lines of Monarch Gems
July 3, 2009 ICRA assigns LBBB- and A3 rating to bank lines of La Opala RG Limited
July 3, 2009 ICRA assigns LAA+ rating with a stable outlook to Rs. 5 billion non-convertible
debentures programme and A1+ rating to Rs. 12 billion short term debt programme of
July 3, 2009 ICRA assigns LAA rating with a stable outlook to the Rs. 8 billion non-convertible
debentures programme of Kotak Mahindra Prime Limited
July 3, 2009 ICRA assigns high credit quality rating to Rs 1.75 billion lower tier 2 bonds and Rs 3.50
billion Upper Tier 2 bonds of Punjab and Sind Bank
July 3, 2009 ICRA withdraws rating assigned to the PTC Series A issued by Indian Loan
Securitisation Series 9 Trust 2008.
July 3, 2009 ICRA withdraws ratings assigned to the Assignee Payouts under ABS programmes of
ICICI Bank Limited
July 3, 2009 ICRA withdraws ratings assigned to the PTCs under various ABS programmes of ICICI
Bank Limited
July 3, 2009 ICRA withdraws ratings assigned to the PTCs under Loan Securitisation programme of
Infrastructure Leasing & Finance Limited
July 3, 2009 ICRA withdraws ratings assigned to the Second Loss Facility provided by ICICI Bank
Limited for Indian Retail ABS Trust 93
July 3, 2009 ICRA withdraws ratings assigned to the PTCs issued by Receivables Securitisation
Trust Series III
July 2, 2009 Incremental Concerns On Credit Quality Of Mutual Fund Schemes Recede
July 2, 2009 ICRA assigns LBB-/A4 rating to the bank limits of M/s Keya International
July 2, 2009 ICRA revises the ratings assigned to the bank lines of Firepro Systems Private Limited
July 2, 2009 ICRA revises the ratings of Biological E Limited
July 2, 2009 ICRA retains the ratings of PTCs/Purchaser payouts under eight transactions and
downgrades the rating of PTCs in one transaction originated by GE Capital Transport
Financial Services Limited (GECTFSL)
July 1, 2009 ICRA assigns LAA+/A1+ to the NCD/CP programmes of Shapoorji Pallonji & Company
Limited
July 1, 2009 ICRA assigns LBBB-/A3 rating to the bank limits of Raymond UCO Denim Private
Limited
July 1, 2009 ICRA assigns LA/A1 ratings to the bank facilities of Godrej Properties Limited
June 30, 2009 ICRA assigns LA+ rating to the fund based limits/long term loans and A1+ rating to non
fund based limits of Lloyd Insulations (India) Limited
June 30, 2009 ICRA assigns LBBB rating to the fund based limits and A3 rating to the non fund based
limit of Rathi Super Steel Limited
June 30, 2009 ICRA reaffirms LBBB+ and A2+ ratings for bank facilities of Akums Drugs and
Pharmaceuticals Limited
June 30, 2009 ICRA assigns LA+(SO)/A1+(SO) ratings to the bank lines of Rasi Tex India Private
Limited
June 30, 2009 ICRA assigns LBBB- / A3 ratings to the bank lines of Allied Medical Limited
June 30, 2009 ICRA reaffirms LBBB+/A2+ ratings assigned to fund based and non fund based bank
lines of Superhouse Limited
June 30, 2009 ICRA assigns conditional highest credit quality short term rating to the Purchaser
Payouts backed by ‘loan against gold’ receivables pool originated by Manappuram
General Finance & Leasing Limited (MAGFIL) - MAGFIL ‘Loan against Gold’ Pool Direct
Assignment June 2009
June 30, 2009 ICRA assigns LBB- rating to the bank limits of Lokmangal Agro Industries Limited
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June 30, 2009 ICRA assigns LB ratings to the bank limits of Lokmangal Sugar Ethanol and
Co-generation Industries Limited
June 30, 2009 ICRA assigns LAA- to Rs. 750 million Non Convertible Debenture programme of
Schwing Stetter India Private Limited (SSIPL), reaffirms A1+ rating to commercial
paper programme of SSIPL for an enhanced amount of Rs. 1.5 billion (earlier Rs. 500
million)
June 30, 2009 ICRA assigns A1+ rating to the Rs. 4 billion short term Non Convertible Debenture
programme of Oscar Investments Limited
June 30, 2009 ICRA assigns LAAA / A1+ ratings to the bank lines of Mangalore Refinery and
Petrochemicals Limited
June 30, 2009 ICRA assigns A4 rating to the bank credit lines of Navinchandra Laxmichand Shah
June 30, 2009 ICRA assigns LBBB rating to the long term loan of CSJ Infrastructure Private Limited
June 30, 2009 ICRA assigns high credit quality rating to the Rs. 2.5 billion Equity Linked Debenture
Programme of Citicorp Finance (India) Limited
June 30, 2009 ICRA assigns LA- and A2+ ratings to the bank limits of Silver Crest Clothing Private
Limited
June 30, 2009 ICRA places LA+ (SO) rating for the Non-Convertible Debentures of OCL Iron and Steel
on a rating watch with developing implications
June 30, 2009 ICRA assigns A2+ (SO) rating to the fund based limits of Planet Pickles Private Limited
June 30, 2009 ICRA withdraws the LBBB/A2 ratings assigned to the bank limits of MetroChem
Industries Limited
June 29, 2009 ICRA Assigns LBBB rating to bank lines M. D. Overseas limited
June 29, 2009 ICRA assigns LBB+/A4+ ratings to the bank limits of Shree Krishna Vanaspati
June 29, 2009 ICRA assigns LA rating to the bank facilities of Patnaik Minerals Private Limited
June 29, 2009 ICRA assigns LBB+ rating to the bank facilities of New Modern Technomech Private
Limited
June 29, 2009 ICRA assigns LBB-/A4 ratings to the bank limits of International Mineral Trading
June 29, 2009 ICRA assigns LBBB rating to bank limits of United Seamless Tubulaar Private Limited
June 29, 2009 ICRA assigns LBBB-/A3 ratings to the bank facilities of M/s. Prestress Wire Industries
June 29, 2009 ICRA assigns LBB+ rating to the bank facilities of Udayan Greenfields Private Limited
June 29, 2009 ICRA assigns LB+/A4 rating to bank limits of Elam Pharma Private Limited
June 29, 2009 ICRA assigns LBBB ratings to the bank lines of Raj Infrastructure Private Limited
June 29, 2009 ICRA revises ratings assigned to the bank limits of Mysore Mercantile Limited
June 29, 2009 ICRA assigns LBBB- rating to the bank limits of Seaways Shipping Limited
June 27, 2009 Increase in SMP to have little impact on sugar mills in the near term; however would
push up cost of production in the long-term
June 27, 2009 ICRA releases an update on the performance of MBS pools
June 27, 2009 ICRA revises the ratings assigned to bank limits of Rama Newsprint and Papers Limited
and puts it on watch with negative implications
June 26, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of Ennore Tank Terminals Private
Limited
June 26, 2009 ICRA assigns LBBB / A2 ratings to the bank lines of IMC Limited
June 26, 2009 ICRA assigns LBBB / A2 ratings to the bank lines of United Storage and Tank Terminals
Limited
June 26, 2009 ICRA assigns LBB+/A4+ ratings to bank lines of Birla Ericsson Optical Limited
June 26, 2009 ICRA downgrades the rating for PTCs and assignee payouts backed by a pool of
Personal Loans originated by Cholamandalam DBS Finance Limited (CDFL)
June 26, 2009 ICRA places rating of Hotel Excelsior Limited on Rating Watch with Developing
Implications
June 26, 2009 ICRA places rating of Nehru Place Hotels Limited on Rating Watch with Developing
Implications
June 26, 2009 ICRA withdraws ratings assigned to Senior PTCs backed by vehicle loans pool
originated by Citicorp Finance India Limited
June 26, 2009 ICRA withdraws ratings assigned to the PTCs under Loan Securitisation programme of
Development Credit Bank Limited
June 26, 2009 ICRA withdraws ratings assigned to the PTCs backed by proceeds of redemption of
Redeemable Preference Shares issued by Tata Teleservices Limited
June 25, 2009 ICRA re-affirms A1+ rating for Aditya Birla Nuvo’s short term debt (including
commercial paper) programme
June 25, 2009 ICRA assigns LAAA rating to Tata Sons’ NCD Programme
June 25, 2009 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisation
programmes of YES Bank Limited
June 25, 2009 ICRA withdraws ratings assigned to the PTC Series A1 issued by Transportation Loan
Trust Series I, ABS programme originated by GE Capital Transportation Financial
Services Limited
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programmes of GE Capital Services India
June 25, 2009 ICRA withdraws ratings assigned to the PTCs under various ABS programmes of Tata
Motors Limited
June 25, 2009 ICRA assigns LA(SO)/A1(SO) ratings to the bank lines of Ansaldo STS Transportation
Systems India Private Limited
June 24, 2009 ICRA assigns A1+ rating to short term bank facilities of Dr. Reddy’s Laboratories
Limited
June 24, 2009 ICRA assigns an LAA+/A1+ rating to the bank lines of BEML Limited
June 24, 2009 ICRA places LBBB-/A3 ratings of the bank limits of Advantec Coils Private Limited on a
rating watch with negative implications
June 24, 2009 ICRA assigns LA+ rating to the bank lines of Rasi Seeds Private Limited
June 24, 2009 ICRA assigns LBBB-/A3 ratings to bank lines of Capricorn Food Products India Limited
June 24, 2009 ICRA assigns LBB rating to the Bank credit lines of Sidhivinayak Filaments Private
Limited
June 23, 2009 ICRA assigns LAA- rating to the Upper Tier II debt programme of Central Bank of India
June 23, 2009 ICRA assigns LBB+ and A4+ to the bank limits of Aeon Telectronics Private Limited
June 23, 2009 ICRA assigns A1+ (SO) rating to Non fund based limits of Sudhir Power Projects
Private Limited
June 23, 2009 ICRA reaffirms A1+ rating to the CP/STD Programme of Subros Limited for an
enhanced amount
June 23, 2009 ICRA revises the ratings assigned to the bank lines of The State Trading Corporation of
India Limited
June 22, 2009 ICRA revises the long-term rating of Sai Advantium Pharma Limited
June 22, 2009 ICRA assigns A1+ rating to short term debt programme of Birla Sun Life Asset
Management Company Limited
June 22, 2009 ICRA upgrades the ratings assigned to bank lines of Adani Wilmar Limited to
LBBB+/A2+
June 22, 2009 Outlook challenging for the Indian Petrochemical and chemical sector despite modest
signs of recovery
June 22, 2009 ICRA assigns LBBB-/ A3 ratings to the bank limits of Sri Krishna Pharmaceuticals
Limited
June 22, 2009 ICRA assigns LAA rating to cash credit and term loan limits from banks of Kotak
Mahindra Prime Limited
June 19, 2009 ICRA assigns LBBB- and A3 to the bank lines of Kejriwal Paper Limited
June 19, 2009 ICRA assigns LBBB and A3+ to the bank lines of Natural Sugar and Allied Industries
Ltd.
June 19, 2009 ICRA assigns conditional A1(SO) rating to the PTCs under loan securitisation
programme of JM Financial Products Private Limited India Commercial Loan Trust -
Series 1 - 2009
June 19, 2009 ICRA reaffirms the rating for PTC tranches and assignee payouts backed by four pools
of Vehicle Loans originated by Cholamadalam DBS Finance Limited (CDFL)
June 19, 2009 ICRA upgrades the long term ratings to LBBB+ and reaffirms short term ratings at A2
on the bank lines of Mather & Platt Pumps Limited
June 18, 2009 ICRA Assigns LB rating to the term loan of Ranka-N-Ranka Infrastructure Private
Limited
June 18, 2009 ICRA assigns LBB/A4 ratings to the bank lines of YSR Spinning & Weaving Mills Private
Limited
June 18, 2009 ICRA assigns highest credit quality ratings to Shinsei Liquid Fund
June 18, 2009 ICRA assigns highest credit quality ratings to Shinsei PSU Bond Fund – Ultra Short
term Plan
June 18, 2009 ICRA Assigns LBB rating to bank lines of MedPlus Health Services Private Limited
June 18, 2009 ICRA withdraws ‘A3’ rating assigned to the short term non fund based limits of West
Asia Maritime Limited
June 18, 2009 ICRA assigns LAA/A1+ rating to the bank limits of Gujarat Guardian Limited
June 18, 2009 ICRA revises the bank line ratings of The Dhamra Port Company Limited
June 18, 2009 ICRA assigns highest credit quality ratings to the short term debt programme of Bajaj
Auto Finance Limited
June 17, 2009 ICRA reaffirms A1+ rating assigned to Lupin Limited
June 17, 2009 ICRA withdraws ratings assigned to the PTCs issued by Corporate Debt Trust 2008-09
Series 7
June 17, 2009 ICRA revises the short term ratings for the bank lines of Anugraha Valve Castings
Limited
June 17, 2009 ICRA downgrades rating assigned to bank lines of West Asia Maritime Limited
June 16, 2009 ICRA assigns LA- rating to the bank facilities of Krishna Maruti Limited
June 16, 2009 ICRA assigns LBB+/A4+ ratings to the bank limits of Vineetaz Exports Private Limited
June 16, 2009 ICRA assigns LBBB-(SO) rating to the outstanding bank lines of Delhi Gurgaon Super
Connectivity Limited
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June 16, 2009 ICRA assigns LBBB rating to the outstanding bank lines and Non-Convertible
Debentures of Viramgam Mahesana Project Limited
June 16, 2009 ICRA assigns LA- and A2+ ratings to debt programmes of Andhra Pradesh Central
Power Distribution Company Limited (APCPDCL)
June 16, 2009 ICRA assigns highest credit quality ratings to the bank limits of Nhava Sheva
International Container Terminal Private Limited
June 16, 2009 ICRA revises the long term rating of the bank facilities of Hindustan Copper Ltd; retains
the short term rating
June 16, 2009 ICRA revises the ratings assigned to the debt programme of Haldia Petrochemicals
Limited
June 16, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of Ambika Cotton Mills Limited
June 15, 2009 ICRA reaffirms LBBB- and A3 ratings to enhanced bank limits of Solar Semiconductor
Private Limited
June 15, 2009 ICRA retains the LAAA/A1+ ratings of National Aluminium Company Limited
June 12, 2009 ICRA assigns LA (SO)/A1 (SO) and LBBB/A3+ rating to the Bank credit lines of Sterling
Generators Private Limited
June 12, 2009 ICRA downgrades ratings of Kudos Chemie Limited
June 12, 2009 ICRA assigns highest credit quality rating to Export-Import Bank of India’s Debt
Programme
June 11, 2009 ICRA assigns A1+ rating to the bank facilities of Cargill India Private Limited
June 11, 2009 ICRA assigns A1+ rating to the bank facilities of Cargill Capital and Financial Services
June 11, 2009 ICRA assigns A1+ rating to the bank facilities of Cargill Global Trading India Private
Limited
June 11, 2009 ICRA assigns LBB and A4 to the bank lines of Krushna Cotex Private Limited
June 11, 2009 ICRA downgrades the fund based limits/ Long term debt programme of Rana Sugars
Limited from LBB+ rating to LB and non fund based limits from A4 + to A4
June 10, 2009 ICRA assigns LBBB+(SO) / A2+ (SO) to bank loans of Uttara Foods and Feeds Private
Limited
June 10, 2009 ICRA assigns LBBB- rating to the term loan of Hilton Metal Forging Limited
June 10, 2009 ICRA upgrades the fund based/non fund based limits ratings of Deepak Cables (India)
Limited to LBBB+/A2
June 10, 2009 ICRA upgrades rating of Second Loss Facility and rated portion of First Loss Facility in
6 pools originated by ICICI Bank Limited (IBL)
June 10, 2009 ICRA re-affirms LAA-/A1+ ratings to bank lines of Prism Cement Limited
June 10, 2009 ICRA withdraws rating assigned to the PTC Series A issued by CE Pool Trust June
2007
June 10, 2009 ICRA withdraws rating assigned to the Purchaser Payouts issued by Indian
Infrastructure Equipment Receivables DA May 2007
June 10, 2009 ICRA reaffirms LAA-/A1+ ratings to the bank lines of Deepak Fertilizers &
Petrochemicals Corporation Limited
June 9, 2009 ICRA assigns LBBB+/A2+ ratings to bank facilities of Mecon Limited; retains the LAAA
(SO) rating assigned to the Government guaranteed long term bonds
June 9, 2009 ICRA Places Rating Assigned to Bonds Issues of Punjab State Electricity Board under
Rating Watch
June 9, 2009 ICRA retains the LAA/A1+ ratings assigned to the bank facilities of Tata Sponge Iron
Limited
June 9, 2009 ICRA assigns LA- (SO) rating to the bank lines of VS Net Limited
June 9, 2009 ICRA revises bank line ratings of Gini & Jony Limited
June 9, 2009 ICRA withdraws the A1+ rating assigned to the Commercial Paper programme of E.I.
DuPont India Private Limited
June 9, 2009 ICRA assigns mfA1+ rating to Templeton Floating Rate Income Fund-Short Term Plan
June 8, 2009 Update for 2008-09 Performance of ICRA-Assigned Ratings—II
June 8, 2009 ICRA assigns LBBB-/ A3 ratings to the bank facilities of Pitti Laminations Limited
June 8, 2009 ICRA assigns LB+ and A4 ratings to the bank limits of Annur Satya Textile Limited
June 8, 2009 ICRA assigns a positive outlook to the long term rating of Indian Oil Corporation Limited
June 8, 2009 ICRA assigns LBBB-/A3 ratings to the bank lines of Eros Resorts & Hotels Limited
June 5, 2009 ICRA Reaffirms the Ratings of Tamil Nadu Newsprint and Papers Limited
June 5, 2009 ICRA assigns LBBB+ rating to bank lines of HIKAL Limited
June 5, 2009 ICRA reaffirms LAAA rating and assigns A1+ rating to the bank lines of Wipro Limited
June 5, 2009 ICRA assigns LA- and A1 to the bank lines of Lafarge Aggregate and Concrete India
Private Limited
June 5, 2009 ICRA reaffirms highest ratings to various debt programmes of SBI Factors &
Commercial Services Private Limited
June 5, 2009 ICRA assigns A3 to bank lines of Interjewel
June 4, 2009 ICRA revises rating assigned to bank lines of RKSK Overseas Private Limited
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June 4, 2009 ICRA assigns A1+ rating to Non fund based limits of Sudhir Gensets Limited
June 3, 2009 ICRA assigns A4 rating to the bank facilities of Navjyot International Trading Private
Limited
June 3, 2009 ICRA reaffirms the CGR2 rating of 3i Infotech Limited
June 3, 2009 ICRA assigns LAA+/ A1+ ratings to the bank limits of Bosch Chassis Systems India
Limited
June 3, 2009 ICRA reaffirms LA/A1 ratings for the bank limits of Kakinada Seaports Limited
June 3, 2009 ICRA Assigns LBB+/ A4+ rating to bank limits of Sahyadri Agro Produce and Dairy
Private Limited
June 3, 2009 ICRA assigns LA- (SO) rating to the fund based limits of Siva Ventures
June 3, 2009 ICRA assigns LBB- to the bank limits of HES Infra Private Limited
June 3, 2009 ICRA assigns LBBB+ and A2 rating to the enhanced bank limits of Mineral Enterprises
Limited
June 3, 2009 ICRA downgrades the rating for PTCs and assignee payouts backed by a pool of
Personal Loans originated by Cholamandalam DBS Finance Limited (CDFL); reaffirms
June 2, 2009 ICRA revises the long term rating assigned to the bank lines of Gujarat Narmada Valley
Fertilizers Company Limited (GNFC); reaffirms short term ratings
June 2, 2009 ICRA withdraws rating assigned to the PTC series A3 issued by Indian Retail ABS Trust
Series XV
June 2, 2009 ICRA assigns LBBB-/A3 to the bank lines of Mahindra Hinoday Industries Limited
June 2, 2009 ICRA assigns LBB to the bank lines of OPG Power Gujarat Private Limited
June 2, 2009 ICRA retains IrAAA rating assigned to Shipping Corporation of India
June 2, 2009 ICRA reaffirms the ratings of LA+ and A1+ for the bank lines of Torrent cables limited
June 2, 2009 ICRA downgrades rating of Sree Rayalaseema Alkalies & Allied Chemicals Limited
June 1, 2009 ICRA assigns A1+s on the commercial paper programme of KEC International Limited
June 1, 2009 ICRA assigns LA- rating to Lower Tier II Bonds Programme of The Bank of Rajasthan
Limited; places long term ratings on negative outlook
June 1, 2009 ICRA assigns LBBB-/ A3 ratings to the bank limits of Tablets (India) Limited
June 1, 2009 ICRA assigns LAAA(SO) rating with negative outlook to the Rs. 9.75 billion term loans of
Family Credit Limited
June 1, 2009 ICRA enhances rated amount of bank loans, and withdraws rating for Partially
Convertible Debenture programme of Television Eighteen India Limited
June 1, 2009 ICRA withdraws short-term rating assigned to Vipul Limited
June 1, 2009 ICRA withdraws “MA–” rating assigned to the Fixed Deposit Programme of India Lease
Development Limited
June 1, 2009 ICRA assigns LA/ A1 rating to bank facilities of Super Religare Laboratories; withdraws
rating assigned to NCD programme
May 29, 2009 ICRA assigns an LBB+(SO) rating to the term loan programme of Hyderabad Airport
Security Services Limited
May 29, 2009 ICRA revises the rating assigned to the term loan programme of GMR Hyderabad
International Airport limited and assigns ratings of LBBB-/A3 to its bank lines
May 28, 2009 ICRA revises the bank line ratings of Tubeknit Fashions Limited
May 28, 2009 ICRA assigns A1+ rating to bank limits of Henkel India Limited
May 28, 2009 ICRA assigns A1+ rating to bank limits of Henkel Marketing India Limited
May 28, 2009 ICRA assigns a final LBBB+(SO) rating to the Regular Return Bond Programme of Rs.
7.50 billion of Punjab Infrastructure Development Board
May 27, 2009 ICRA releases an update on the performance of ABS pools
May 27, 2009 ICRA assigns A1 rating to the short term debt (including Commercial Paper)
programme of Karuturi Global Limited
May 27, 2009 ICRA assigns LBBB and A3+ to bank lines of Amiantit Fiberglass Industries Private
Limited
May 27, 2009 ICRA assigns A4 rating to the bank credit Lines of Lathiya Brothers
May 27, 2009 ICRA reaffirms the ratings at LBBB and A2 on the bank lines of Adani Power Limited
May 27, 2009 ICRA assigns LA- Rating to the NCD programme of Siva Ventures Limited
May 27, 2009 ICRA assigns LA- Rating to the NCD programme of Sterling Infotech Limited
May 27, 2009 ICRA assigns LBBB- and A3 ratings to the Bank credit lines of Acrysil Limited
May 27, 2009 ICRA revises long term rating assigned to Vipul Limited
May 27, 2009 ICRA’s Comments on Bharti Airtel Limited’s ongoing negotiations with MTN
May 26, 2009 ICRA reaffirms the A1+ rating assigned to the CP programme of Gujarat State
Fertilizers & Chemicals Limited
May 26, 2009 ICRA assigns A1+ rating to the Commercial Paper Programme of HCL Technologies
Limited
May 26, 2009 ICRA Assigns LBBB- rating to bank limits of Rucha Engineers Private Limited
May 26, 2009 ICRA retains the highest Corporate Governance Rating of Infosys Technologies Limited
May 26, 2009 ICRA assigns LBB+ rating to the bank limits of Saboo Sodium Chloro Limited
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May 26, 2009 ICRA assigns LBB+ rating to the bank limits of Saboo Sodium Chloro Limited
May 26, 2009 Improved Outlook for the Sugar Sector in the Near Term; Cane Availability would be the
key driver of Profit Growth
May 26, 2009 ICRA revises the bank line ratings of S.P. Apparels Limited
May 26, 2009 ICRA assigns LBBB-/ A3 ratings to the bank limits of Indus-League Clothing Limited
May 26, 2009 ICRA assigns LA-/A1 rating to the bank facilities of RFCL Limited for an enhanced
amount
May 25, 2009 ICRA assigns LBB & A4 ratings to the bank facilities of Shree Arun Packaging
May 25, 2009 ICRA assigns LBB and A4 rating to the bank limits of Rushil Industries Limited
May 25, 2009 ICRA assigns LBBB- rating to the fund based limits/ Long term debt programme of
Shakumbari Sugar and Allied Industries Limited
May 25, 2009 ICRA places LA-/A1 ratings of the bank limits of CMS Computers Ltd on a rating watch
May 25, 2009 ICRA revises the rating of the bank facilities of Ind Swift Limited
May 25, 2009 ICRA revises the rating assigned to the bank lines of Fun Multiplex Private Limited
May 25, 2009 ICRA assigns LBB+ and A4+ rating to the bank limits of Kewalram Textiles Private
Limited
May 25, 2009 ICRA places ratings of Cinemax India Limited on rating watch with negative implications
May 25, 2009 ICRA assigns LBBB- and A3 rating to the Bank lines of Alpha Services
May 25, 2009 ICRA revises bank line ratings of Pricol Limited
May 25, 2009 ICRA revises long term ratings of Barclays Investments & Loans (India) Limited
May 22, 2009 ICRA upgrades rating of PTCs backed by a commercial vehicle loan pool originated by
ICICI Bank Limited (IBL); retains the rating of 44 PTC tranches / assignee payouts and
downgrades the rating of 6 tranches belonging to various pools, all originated by IBL
May 22, 2009 ICRA retains LAAA (SO) rating of Liquidity Facility provided in 22 pools originated by
ICICI Bank Limited
May 22, 2009 ICRA assigns LBB-/A4 to bank limits of Anand Teknow Aids Engineering India Limited
May 22, 2009 ICRA assigns LBB-/A4 to bank limits of Greatweld Steel Grating Private Limited
May 22, 2009 ICRA assigns LA-/A2+ ratings to bank limits of Sinosteel India Private Limited
May 22, 2009 ICRA assigns LBB- rating to bank limits of Shingote Agro Foods Private Limited
May 22, 2009 ICRA assigns LBBB- rating to the bank lines of Mail Order Solutions (India) Private
Limited
May 21, 2009 ICRA assigns LA/ A1 rating to the bank facilities of Jay Bharat Maruti Limited
May 21, 2009 ICRA assigns LA (SO)/A1 (SO) rating to the bank lines of Noble Consolidated Glazings
Limited (NCGL)
May 21, 2009 ICRA revises the ratings assigned to the bank lines of Jindal Mectec Private Limited
May 21, 2009 ICRA assigns LBB and A4 ratings to the bank limits of Agni Steels Private Limited
May 21, 2009 ICRA assigns A4 rating to the bank credit lines of D. Naresh Kumar
May 21, 2009 ICRA Assigns LBB+/A4+ rating to bank limits of Pandit Automotive Private Limited
May 21, 2009 ICRA Assigns LBBB/ A3+ rating to bank limits of Poona Flour and Foods
May 21, 2009 ICRA Assigns LBBB/ A3+ rating to bank limits of Poona Dal and Oil Industries Limited
May 21, 2009 ICRA Assigns LBBB/ A3+ rating to bank limits of Poona Roller Flour Mills Limited
May 20, 2009 ICRA assigns LBBB- rating to term-loan of Unique Technobuild Private Limited
May 20, 2009 ICRA reaffirms short term rating at A1+ to the Commercial Paper/Short-Term Debt
programme of CESC Limited
May 20, 2009 ICRA assigns A1+ rating to Airport Authority of India (AAI)
May 20, 2009 ICRA assigns highest credit quality rating to the Rs. 250 billion Long Term borrowing
programme of Rural Electrification Corporation Limited
May 20, 2009 ICRA revises the ratings of Hind Metals & Industries Private Limited to LB and A4
May 19, 2009 ICRA Limited: Audited Financial Results for Quarter and Year ended March 31, 2009
May 19, 2009 ICRA assigns LB and A4 rating to the bank limits of Yash Papers Limited
May 19, 2009 ICRA assigns A4+ rating to the bank credit lines of Sumit Diamond (India) Private
Limited
May 19, 2009 ICRA assigns LBBB-/A3 ratings to the bank limits of Jaguar Overseas Limited
May 19, 2009 ICRA assigns LBB+ rating to the fund based limits and A4+ rating to the non fund based
limits of R K Electrical Industries (India) Private Limited
May 19, 2009 ICRA assigns LBBB+ rating to the Term Loans of Select Infrastructure Private Limited
May 19, 2009 ICRA Assigns LB rating to bank limits of Nu-Tech Prasiddhi Consortium
May 19, 2009 ICRA withdraws ‘A1+’ rating assigned to the Commercial Paper Programme of GE
Capital Transportation Financial Services Limited
May 19, 2009 ICRA upgrade ratings of bank credit lines of Sree Metaliks Limited to LBBB-/A3 from
LBB+/A4+
May 19, 2009 ICRA withdraws rating assigned to the Commercial Paper Programme of Pricol Limited
May 18, 2009 ICRA Assigns LBB and A4 rating to bank limits of Sri Krishna Shelters Private Limited
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May 18, 2009 ICRA Assigns LBB and A4 rating to bank limits of Sri Krishna Shelters Private Limited
May 18, 2009 ICRA upgrades rating of Bank credit lines of Krishnapatnam Port Company Limited to
LBBB and retains NCD rating at LBBB+(SO)
May 18, 2009 ICRA reaffirms high credit quality rating to Long-term Bonds and Fixed Deposits
Programme of HUDCO
May 18, 2009 ICRA assigns LBB+/A4+ ratings to the bank facilities of Burn Standard Company
Limited
May 18, 2009 ICRA assigns LBB+ rating to Bank Limits of Patikari Power Private Limited
May 18, 2009 ICRA assigns LAA/A1+ rating to the Bank lines of Oriental Hotels Limited. ICRA revises
medium term rating on Oriental Hotel Limited’s public deposits
May 15, 2009 ICRA assigns LBBB-/A3 rating to the bank lines of Polynova Industries Limited
May 15, 2009 ICRA assigns LBBB/A3+ ratings to the bank limits of Ronch Polymers Private Limited
May 15, 2009 ICRA assigns conditional LAAA (SO) ratings to the Fully Guaranteed, Low Coupon,
Premium Redemption Debentures issued by Tata Motors Limited
May 15, 2009 ICRA assigns LBBB- rating to term loan facilities of Belgaum Wind farm Private Limited
(BWFPL)
May 15, 2009 ICRA assigns LBBB- and A3 ratings to the Rs 571.1 million bank facilities of Apex
Drugs and Intermediates Limited
May 15, 2009 ICRA assigns LA-/A2+ ratings to the bank facilities of Minex Metallurgical Company
Limited
May 15, 2009 ICRA Limited: Audited Financial Results for Quarter and Year ended March 31, 2009
May 14, 2009 ICRA Assigns LBB+ / A4+ rating to the bank facilities of DD Industries Limited
May 14, 2009 ICRA revises rating assigned to the bank loans of Sheth Developer Private Limited
May 14, 2009 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisation
programmes originated by ABN AMRO Bank
May 14, 2009 ICRA withdraws ratings assigned to Senior PTCs backed by loan pool originated by
SREI Infrastructure Finance Limited
May 14, 2009 ICRA withdraws ratings assigned to the PTC series A7X, series A7Y and series A7Z
issued by Indian Retail ABS Trust series 92.
programmes originated by Kotak Mahindra Prime Limited
programmes of Standard Chartered Bank Limited.
programmes of IDBI Limited.
May 14, 2009 ICRA assigns highest credit quality rating to the borrowing programme of Indian
Railway Finance Corporation
May 13, 2009 ICRA reaffirms the A1+s rating assigned to the Commercial Paper programme of H&R
Johnson (India) Limited
May 13, 2009 ICRA assigns LA+ and A1 ratings to the bank limits of Rittal India Private Limited
May 13, 2009 ICRA reaffirms A1+ rating for the bank limits of Tata Petrodyne Limited
May 13, 2009 ICRA Assigns LBBB- / A3 rating to the bank facilities of Rohan Motors Limited
May 13, 2009 ICRA Assigns LBB+ / A4+ rating to the bank facilities of Escorts Limited
May 13, 2009 ICRA reaffirms ratings assigned to senior PTCs under 3 MBS programmes of Deutsche
Postbank Home Finance
May 13, 2009 ICRA assigns LBBB- / A3 ratings to bank lines of U.P. Telelinks Limited
May 13, 2009 ICRA assigns A4 rating to the bank lines of Crystal Granites and Marble Private Limited
May 13, 2009 ICRA assigns A4+ rating to the bank lines of M/s Ratnaraj
May 13, 2009 ICRA reaffirms highest credit quality ratings to the outstanding subordinated bonds
programme of State Bank of Travancore
May 13, 2009 ICRA assigns LAA- rating to long term bank facilities of VE Commercial Vehicles
Limited
May 13, 2009 ICRA revises the rating for the Bond Programme of Maharashtra Water Conservation
Corporation
May 13, 2009 ICRA assigns LA ratings to the bank limits of Karuturi Global Limited
May 12, 2009 ICRA reaffirms highest credit quality ratings assigned to Tier II Bonds of State Bank of
Patiala and withdraws the rating assigned to the Certificate of Deposit Programme
May 12, 2009 ICRA reaffirms highest credit quality ratings to various debt instruments of State Bank of
Hyderabad
May 12, 2009 ICRA downgrades the rating assigned to the bank lines of Vah Magna Retail Private
Limited
May 12, 2009 ICRA assigns LA+/A1+ rating to bank limits of Subros Limited for enhanced amount
May 12, 2009 ICRA assigns LBBB- and A3 ratings to bank limits of Laxcon Steels Limited
May 12, 2009 ICRA assigns LA(SO)/ A1(SO) ratings to bank limits of Consolidated Interiors Limited
May 12, 2009 ICRA assigns LBB+/A4+ to the bank facilities of Carbon Resources Private Limited
May 11, 2009 ICRA assigns conditional LA+ (SO) rating to Rs.6 billion Non Convertible Bond
Programme of Tamil Nadu Electricity Board
May 11, 2009 ICRA assigns LBBB-/A3 ratings to the bank lines of Shalimar Pellet Feeds Limited
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May 11, 2009 ICRA assigns LBBB-/A3 ratings to the bank lines of Shalimar Pellet Feeds Limited
May 11, 2009 ICRA assigns LBBB / A2 ratings to bank facilities of Hazira Pipe Mill Limited
May 11, 2009 ICRA assigns LBBB-/A3 to bank lines of Fancy Fittings Limited
May 8, 2009 ICRA assigns high-credit-quality rating to the Rs. 7.5 billion NCD’s and Bank
borrowings of Tata Capita Limited
May 8, 2009 ICRA assigns highest credit quality ratings to debt schemes of Morgan Stanley Mutual
Fund
May 8, 2009 ICRA assigns LBB-/A4 rating to Oswal F. M. Hammerle Textiles Limited’s bank lines
May 8, 2009 ICRA assigns LA rating to the fund based limits and A1 rating to short term non fund
based limits of Boving Fouress (P) Limited
May 8, 2009 ICRA downgrades the rating assigned to TDI Infrastructure Limited
May 8, 2009 ICRA downgrades the rating assigned to the NCD programme of Finolex Industries
Limited
May 8, 2009 ICRA assigns LA-/A1 ratings to the bank limits of Kale Consultants Limited
May 8, 2009 ICRA assigns LBBB/A3+ ratings to the bank lines of Emerald Jewel Industry India
Limited
May 8, 2009 ICRA assigns LBB-/A4 ratings to the bank lines of Madras Medical Mission
May 8, 2009 ICRA assigns an A3+ rating to the bank lines of Mann Hummel Filter Private Limited
May 8, 2009 ICRA assigns A1+ rating to the enhanced bank limits of Indraprastha Gas Limited
May 8, 2009 ICRA withdraws the MC rating assigned to the FD programme of MFL
May 8, 2009 ICRA assigns LBBB-/A3 ratings to the Bank Limits of Laxmi Organic Industries limited
May 8, 2009 ICRA assigns LBBB- rating to the bank Lines of Uttam Galva Metallics Limited
May 6, 2009 ICRA assigns LBBB+/A2 rating to Halonix Limited’s bank lines
May 6, 2009 ICRA assigns LBBB+ & A2 ratings to Unimark Remedies Limited
May 6, 2009 ICRA revises the bank line ratings of Cambridge Solutions Limited
May 6, 2009 ICRA assigns long term ratings of LA on the bank lines and proposed bond issue of
West Bengal State Electricity Transmission Company Limited
May 6, 2009 ICRA assigns LBBB/A2 ratings to the bank lines of ABT Limited
May 6, 2009 ICRA assigns LBB/A4 ratings to the bank lines of Sriram Spinning Mills Limited
May 6, 2009 ICRA assigns ratings to the bank lines of Ramco Systems Limited
May 6, 2009 ICRA assigns LA-(SO) rating to the bank facilities of Delhi Waste Management Limited
May 5, 2009 ICRA reaffirms highest credit quality rating to AIG Short Term Fund
May 5, 2009 ICRA assigns “IPO Grade 2” to the proposed IPO of Raj Oil Mills Limited
May 5, 2009 ICRA assigns LBB+ rating to the bank limits of Teesta Urja Limited
May 5, 2009 ICRA assigns highest credit quality rating to Canara Robeco Dynamic Bond Fund
May 5, 2009 ICRA assigns A1+ rating to Short Term debt programme of Jamnalal Sons Private
Limited
May 5, 2009 ICRA assigns LAA- rating with negative outlook to the Rs. 2 billion Subordinated debt
programme of Cholamandalam DBS Finance Limited
May 5, 2009 ICRA assigns LAA- rating with negative outlook to the Rs. 2 billion Subordinated debt
programme of Cholamandalam DBS Finance Limited
May 4, 2009 ICRA assigns LBB+/A4+ rating to the Bank lines of Sagar Grandhi Exports Private
Limited
May 4, 2009 ICRA assigns LBB and A4 ratings to bank limits of Akshay Aluminium Alloys
May 4, 2009 ICRA assigns LBB and A4 ratings to bank limits of Namo Alloys Private Limited
May 4, 2009 ICRA assigns LBB/A4 rating to bank limits of Sri Lakshmikantha Spinners Limited
May 4, 2009 ICRA assigns LBB+/A4+ rating to Sportking India Limited’s bank lines
May 4, 2009 ICRA assigns LBB rating to Nirmal Seeds Private Limited
May 4, 2009 ICRA assigns LBBB- rating to the bank facilities of Salasar Steel And Power Limited
May 4, 2009 ICRA Assigns LBBB Rating to Rs. 15.0 billion Fund-Based Limits of Anant Raj
Industries Limited
May 1, 2009 ICRA assigns LBB/A4 ratings to the bank facilities of Oripol Industries Limited
May 1, 2009 ICRA Assigns LBB+ rating to term loan of Balaji Action Buildwell
May 1, 2009 ICRA Assigns LBBB- rating to bank lines of JHS Svendgaard Hygiene Products Limited
April 30, 2009 ICRA assigns LAA/A1+ ratings to Bank Lines of Grindwell Norton Limited; reaffirms A1+
rating to the short term debt program (including commercial paper)
April 30, 2009 ICRA enhances LA+ and A1 ratings to the debt programmes of Shree Renuka Sugars
Limited (SRSL)
April 30, 2009 ICRA reaffirms mfA1+ratings to the debt schemes of SBI Funds Management Private
Limited
April 30, 2009 ICRA reaffirms highest credit quality ratings to various debt instruments of State Bank of
Mysore
April 30, 2009 ICRA reaffirms highest credit quality rating to various debt instruments of State Bank of
Bikaner & Jaipur
April 30, 2009 ICRA withdraws the rating assigned to the Bond Programme of Greater Hyderabad
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April 30, 2009 ICRA withdraws the rating assigned to the Bond Programme of Greater Hyderabad
Municipal Corporation
April 30, 2009 ICRA assigns LBBB+ rating to the bank facilities of R P Infosystems Private Limited
April 30, 2009 ICRA retains the LA+ / A1+ ratings of the various debt programs of Essel Mining &
Industries Ltd
April 30, 2009 ICRA revises long-term rating, and withdraws short-term rating, assigned to the bank
lines of Quintegra Solutions Limited
April 29, 2009 ICRA assigns LBB+ ratings to the bank limits of Navkar Corporation Limited
April 29, 2009 ICRA withdraws the rating assigned to the Commercial Paper Programme of Family
Credit Limited (erstwhile Apeejay Finance Group Limited)
April 29, 2009 ICRA retains the highest Stakeholder Value and Governance Rating of Wipro Limited
April 29, 2009 ICRA assigns LB+ and A4 rating to the term loans and bank limits of International
Electron Devices Limited (IEDL)
April 29, 2009 ICRA assigns A3 rating to the bank limits of Goenka Diamond & Jewels Limited
April 29, 2009 ICRA assigns LBB/A4 ratings to the bank lines of Sai Global Yarntex (India) Private
Limited
April 28, 2009 ICRA Assigns LB- and A4 rating to bank limits of Samtel Glass Limited
April 28, 2009 ICRA re-affirms highest credit quality rating to the short term debt programme of
Kirloskar Oil Engines Limited
April 28, 2009 ICRA assigns the highest credit quality rating to the Rs. 200 billion Long-term Borrowing
Program for the financial year 2009-10 of Power Finance Corporation
April 28, 2009 ICRA assigns issuer rating of IrAAA to SBI DFHI Limited
April 28, 2009 ICRA reaffirms highest credit quality rating to debt schemes of Fidelity Mutual Fund
April 28, 2009 ICRA reaffirms highest credit quality rating to debt schemes of Mirae Asset Mutual Fund
April 28, 2009 ICRA reaffirms mfAAA (SO) to SBI Capital Protection Oriented Fund – Series I
April 28, 2009 ICRA reaffirms highest credit quality rating to debt schemes of Birla Sun Life Mutual
Fund
April 28, 2009 ICRA revises bank-line ratings assigned to Consolidated Construction Consortium
Limited (CCCL); assigns ratings to CCCL’s enhanced limits
April 27, 2009 ICRA assigns LBBB / A2 ratings to Metro Exporters Private Limited
April 27, 2009 ICRA assigns conditional LAAA (SO) ratings to the Acquirer Payouts backed by
mortgage loan pool of Rs. 1746.3 million originated by Cholamandalam DBS Finance
Limited - CDFL Mortgage Loan Pool Direct Assignment March 2009
April 27, 2009 ICRA reaffirms highest credit quality rating to various debt instruments of State Bank of
Indore
April 24, 2009 ICRA reaffirms LBBB+ rating assigned to the bank limits of QuEST Holding Company
Inc.
April 24, 2009 ICRA assigns LA rating to the bank lines of Future Capital Holdings Limited
April 24, 2009 ICRA assigns LBB+ rating to the bank limits of The Saswad Mali Sugar Factory Limited
April 24, 2009 ICRA assigns LBB+/A4+ ratings to the bank limits of Subhasri Pigments Private Limited
April 24, 2009 ICRA assigns LBBB-/A3 ratings to Milkfood Limited’s bank lines. ICRA also assigns MA-
to the fixed deposit programme
April 24, 2009 ICRA assigns LB ratings to the term loan and bank lines of Photokina Chemicals Private
Limited
April 24, 2009 ICRA assigns LBBB- ratings to the bank limits of Preeti Logistics Limited
April 23, 2009 ICRA reaffirms LA + and A1 + ratings assigned to bank lines of the Saraswati Industrial
Syndicate Limited (SISL)
April 23, 2009 ICRA reaffirms LA- and A1 ratings assigned to bank lines of the Saraswati Sugar Mills
Limited (SSML)
April 23, 2009 ICRA re-affirms Highest Credit Quality Rating to Short Term Debt Programme of ECL
Finance Ltd
April 23, 2009 ICRA assigns LAA- rating to Edelweiss Capital Ltd’s Enhanced Long Term Debt
programme
April 23, 2009 ICRA re-affirms ratings to enhanced bank lines of Khazana Jewellery Private Limited at
LBBB-/A3
April 23, 2009 ICRA assigns LBB+/A4+ ratings to the bank limits of Prince Gem and Jewelry Private
Limited
April 23, 2009 ICRA Assigns LBBB- rating to the bank facilities of Shri Ram Murti Smarak Trust
April 23, 2009 ICRA assigns LBB and A4 to the bank facilities of United Brothers
April 22, 2009 ICRA upgrades ratings of Shyama Power (India) Limited to LBBB and A3+
April 22, 2009 ICRA assigns LBBB- rating to bank lines of Silica Ceramica Private Limited
April 22, 2009 ICRA assigns LAA rating to the Rs. 23.66 billion bank facilities of L&T Infrastructure
Finance Company
April 22, 2009 ICRA assigns LA-/A1 ratings to the bank limits of Shell MRPL Aviation Fuels and
April 22, 2009 ICRA assigns LA and A1 ratings to the bank limits of Navayuga Engineering Company
Limited and withdraws the LA rating assigned to the Rs. 1 billion NCD programme
April 21, 2009 ICRA assigns LAAA rating to Tata Sons’ NCD Programme
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April 21, 2009 ICRA assigns LAAA rating to Tata Sons’ NCD Programme
April 21, 2009 ICRA Assigns LBB rating to the bank facilities of AIPL Ambuja Housing and Urban
April 21, 2009 ICRA assigns LBBB- rating to the long term loans, fund based and non fund based
limits of Rallison Electricals Private Limited
April 21, 2009 ICRA assigns an LAA rating to the Rs 1 billion proposed Non Convertible Debenture and
retains the ratings of other debt programmes of Graphite India Ltd
April 21, 2009 ICRA assigns LA rating to Rs. 1 billion long-term debt of Madhucon Projects Limited
(MPL)
April 21, 2009 ICRA assigns LBB rating to bank limits of Cauvery Medical Center Limited
April 21, 2009 ICRA assigns LBB- / A4 ratings to Shyam Industries Limited
April 21, 2009 ICRA assigns A4+ rating to bank lines of S.R.R. Jewels
April 21, 2009 ICRA assigns LAA+ to the Senior / Lower Tier II Bonds Programme and LAA to the
Upper Tier II Bonds Programme of IDBI Bank
April 21, 2009 ICRA revises the long term rating assigned to the bank lines of Motherson Sumi
Systems Limited; retains short term ratings
April 20, 2009 ICRA assigns LA+/A1 rating to the bank lines of Zee News Limited
April 20, 2009 ICRA Assigns LBB rating to bank limits of B.L. Kapur Memorial Hospital
April 20, 2009 ICRA reaffirms ratings of schemes of Tata Mutual Fund
April 20, 2009 ICRA Assigns LBBB- and A3 rating to bank limits of Pratibha Constructions Engineers
& Contractors (India) Private Limited (PCECPL)
April 17, 2009 ICRA assigns LBB+ and A4 rating to the bank limits of K R Pulp and Papers Limited
April 17, 2009 ICRA assigns LBB/A4 rating to bank limits of British Scaffolding International Limited
April 17, 2009 ICRA assigns LA- and A2+ to the revised bank limits of KMC Constructions Limited
April 17, 2009 ICRA assigns adequate-credit-quality rating to the Rs. 1 billion bond programme of
Tourism Finance Corporation of India Limited
April 17, 2009 ICRA assigns LBBB-/ A3 rating to the bank facilities of Minda Corporation Limited
April 17, 2009 ICRA assigns LBB+ and A4+ to the bank lines of OPG Power Generation Private
Limited
April 17, 2009 ICRA assigns LBBB+/A2+ rating to the bank lines of Reid & Taylor (India) Limited
April 16, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of Sun Nirman Infrastructure Private
Limited
April 16, 2009 ICRA assigns LBB/A4 ratings to the bank lines of Durairaj Mills Limited
April 16, 2009 ICRA assigns conditional A1+(SO) ratings to the PTCs under loan securitisation
programme of Yes Bank - Indian Corporate Loan Securitisation Trust 2009 - Series 1
April 16, 2009 ICRA assigns LA+ rating to fund based limits of Walker, Chandiok & Company
April 16, 2009 ICRA assigns LA+ rating to fund based facilities of Grant Thornton
April 16, 2009 ICRA assigns LBBB+ and A2 rating to the bank lines of G.R. Engineering Private
Limited
April 16, 2009 ICRA assigns A4 ratings to M/s. B. Arvindkumar & Company
April 16, 2009 Rating downgrades surge in 2008-09; outlook weak but showing some signs of
improvement
April 15, 2009 ICRA reaffirms A1+ rating to Securities Trading Corporation of India Limited’s
Short-Term Debt Programme
April 15, 2009 ICRA reaffirms A1+ rating to STCI Primary Dealer’s Short-Term Debt Programme
April 15, 2009 ICRA downgrades rating of Vizag Seaport Private Limited
April 15, 2009 ICRA assigns LAAA rating to ICICI bank limited’s subordinated debt programme
April 15, 2009 ICRA assigns LA+ rating to the fund based limits and A1+ rating to short term non fund
based limits of NTPC - ALSTOM Power Services Private Limited
April 15, 2009 ICRA assigns LBBB- rating to the bank facilities of Sona Fuji Kiko Automotive Limited
April 15, 2009 ICRA withdraws A1+ rating to the Rs. 20 billion Bonds Programme of AMEX Bank
April 15, 2009 ICRA revises the rating assigned to the long term debt programme of Sri Bhagawan
Mahaveer Jain Educational & Cultural Trust
April 13, 2009 ICRA assigns LA+ and A1+ rating to the bank credit lines of Universal Comfort Products
Private Limited
April 13, 2009 ICRA revises the ratings assigned to the bank lines of Teledata Informatics Limited
April 13, 2009 ICRA revises the long-term rating assigned to the bank lines of Teledata Marine
Solutions Limited
April 13, 2009 ICRA assigns A3 rating to short term bank lines of Sykes & Ray Equities (India) Limited
April 13, 2009 ICRA removes Bajaj Auto Finance Limited from watch, assigns high credit quality
ratings to the Non- Convertible Debenture programmes
April 13, 2009 ICRA revises rating assigned to the Commercial Paper Programme of Krishna Maruti
Limited
April 13, 2009 ICRA Assigns LBB+ / A4+ rating to the bank facilities of Talbros Engineering Limited
April 13, 2009 ICRA assigns LBBB/ A3+ rating to the bank facilities of Sona Somic Lemforder
Components Limited
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Components Limited
April 13, 2009 ICRA assigns LBBB- and A3 ratings to the bank lines of Pashupati Capital Services
Private Limited
April 13, 2009 ICRA assigns LBB / A4 ratings to the bank lines of Star Agro Marine Exports Private
Limited
April 13, 2009 ICRA assigns LBB- ratings to Selvakumar Spinners Private Limited
April 13, 2009 ICRA assigns negative outlook on the long term rating of Chennai Container Terminal
Private Limited; removes rating watch
April 13, 2009 ICRA assigns LBBB- rating to bank limits of Rajhans Enterprises
April 13, 2009 ICRA assigns LBBB- ratings to the bank lines of Keti Sangam Infrastructure (India)
Limited
April 13, 2009 ICRA assigns LBBB-/A3 ratings to the bank limits of Keti Construction (India) Limited
April 13, 2009 ICRA Assigns LBB+ rating to bank limits of Aster Infrastructure Private Limited (AIPL)
April 13, 2009 ICRA assigns LBBB+/A2 and ratings to the bank lines of Aster Teleservices Pvt. Ltd
April 13, 2009 ICRA Assigns LBB+ and A4+ rating to bank limits of Harvins Constructions Private
Limited
April 13, 2009 ICRA retains LBBB- and A3 bank lines ratings of Sharp Tanks & Structurals
April 13, 2009 ICRA assigns LBB+ and A4+ ratings to the bank lines of Triofab
April 9, 2009 ICRA revises the long term ratings assigned to the NCD Programme and the bank limits
of Telco Construction Equipment Company Limited
April 9, 2009 ICRA revises the ratings assigned to the enhanced bank lines of IVRCL Infrastructures
and Projects Limited to LA+/A1
April 9, 2009 ICRA Assigns Provisional Ratings of LAAA (SO) to the Proposed Rs. 10 billion
GoI-Guaranteed Bonds of IIFCL
April 9, 2009 ICRA assigns LA/A1 ratings to bank lines of Mahindra Sona Limited
April 9, 2009 ICRA assigns LBBB+ and A2 ratings to the bank facilities of Shri Bajrang Power and
Ispat Limited
April 9, 2009 ICRA assigns LBBB and A3+ ratings to the bank facilities of Real Ispat & Power Limited
April 9, 2009 ICRA assigns LBB+/A4+ ratings to bank facilities of Rexon Strips Limited
April 9, 2009 ICRA assigns LBB+ rating to the bank lines of Komos Automotive India Private Limited
April 9, 2009 ICRA re-affirms A1+ rating for ShareKhan Ltd’s Short Term Debt programme
April 9, 2009 ICRA assigns an A4 rating to M/s. Jalpa Diamond
April 9, 2009 ICRA reaffirms highest credit quality rating to India Infoline Investment Services Ltd’s
revised Short Term Debt Programme
April 9, 2009 ICRA assigns LA and A1 rating to the Bank credit lines of Repro India Ltd
April 8, 2009 ICRA assigns LBB-/ A4 ratings to the bank limits of BLR Knits Private Limited
April 8, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of Alamelu Balaji Spinning Mills
Private Limited
April 8, 2009 ICRA assigns LBBB+/A2+ ratings to bank lines of Antique Granito (P) Ltd
April 8, 2009 ICRA assigns LBB+/A4+ ratings to Bheema Cements Limited
April 8, 2009 ICRA withdraws the LAA (Positive)/A1+ ratings assigned to the bank lines and
Commercial Paper Programme of Bongaigaon Refinery & Petrochemicals Limited
April 8, 2009 ICRA revises Fullerton India Credit Company’s Issuer and long term ratings; reaffirms
short term rating
April 8, 2009 ICRA assigns LAAA rating to Non-convertible Debenture Programme of HDFC Limited
April 8, 2009 ICRA reaffirms the ratings of Indian Oil Corporation Limited at LAA+/A1+
April 8, 2009 ICRA assigns LBBB- and A3 on bank lines of Kisan Irrigation Ltd
April 8, 2009 ICRA assigns LBBB- and A3 on bank lines of Kisan Mouldings Ltd
April 8, 2009 ICRA revises ratings for bank lines and NCD programme of Navayuga Engineering
Company Limited
April 8, 2009 Oriental Hotels Limited
April 8, 2009 ICRA assigns LBBB+/A2+ ratings to bank lines of Sentini Ceramica (P) Ltd
April 8, 2009 ICRA assigns LBBB/A2 ratings to bank lines of Shodhana Laboratories Limited
April 8, 2009 ICRA assigns LBBB+/ A2 rating to the bank facilities of Sona Koyo Steering Systems
Limited
April 8, 2009 ICRA assigns LBBB-/A3 ratings to Soundarya Decorators Private Limited
April 6, 2009 ICRA assigns LBB+ rating to the bank lines of Cosmos Premises Private Limited.
April 6, 2009 ICRA assigns LBBB rating to the bank lines of Icon Hospitality Private Limited.
April 6, 2009 ICRA assigns LBB+ rating to the bank lines of Ksheer Sagar Developers Private
Limited.
April 6, 2009 ICRA assigns LBBB- rating to the bank lines of Maruti Comforts and Inn Private Limited.
April 6, 2009 ICRA assigns LBBB+/A2 rating to the bank lines of Royal Orchid Hotels Limited.
April 6, 2009 ICRA assigns LBB+ rating to the bank lines of Satkar Realties Private Limited.
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April 6, 2009 ICRA assigns A4+ rating to bank lines of M/s Lucid Gems
April 6, 2009 ICRA Assigns LBBB+ and A2 rating to bank limits of Neo Structo Construction Limited
April 6, 2009 ICRA puts conditional LBBB-(SO) rating of Long Term Loan taken by Golflinks Software
Park Private Limited under rating watch
April 6, 2009 ICRA assigns LBBB+/A2 rating to the fund based and non fund based facilities of
Kamdhenu Ispat Limited
April 2, 2009 ICRA assigns A4+ rating to bank lines of Core Jewellery Private limited
April 2, 2009 ICRA assigns A4+ rating to the bank lines of Decent Diamonds
April 2, 2009 ICRA assigns LAA+/A1+ ratings for the additional bank lines of Deutsche Postbank
Home Finance Limited
April 2, 2009 ICRA assigns LA- & A2+ ratings to Dynamatic Technologies Limited
April 2, 2009 ICRA withdraws ratings assigned to the PTCs under various ABS programmes of ICICI
Bank Limited
April 2, 2009 ICRA Assigns LBB+ ratings to Fund based limits and term loan facilities of Magnum
Ventures Limited
April 2, 2009 ICRA assigns LAA- (SO) / A1+ (SO) to Merck Specialities Private Limited
April 2, 2009 ICRA assigns A1+ to the bank lines of Merck Specialities Private Limited
April 2, 2009 ICRA assigns LBBB- and A3 rating to bank limits of Outlook Publishing (India) Private
Limited
April 2, 2009 ICRA assigns LBBB- rating to bank limits of Saville Estate Private Limited
April 2, 2009 ICRA assigns LBB/A4 rating to bank lines of Scorpios Apparels Private Limited
April 2, 2009 ICRA assigns LB / A4 ratings to the bank lines of Spads Textiles Limited
April 2, 2009 ICRA assigns conditional LAAA (SO) ratings to the purchaser payouts backed by a pool
of commercial vehicles and other loans originated by Sundaram Finance Limited
April 2, 2009 ICRA assigns A3 rating to the Bank credit lines of Sunstar Overseas Limited
April 2, 2009 ICRA assigns LBB+ and A4+ ratings to the bank lines of Foods & Inns Limited
April 2, 2009 ICRA assigns LAA/A1+ to the bank lines of Merck Limited
April 1, 2009 ICRA assigns LBB and A4 ratings to the bank limits of Rashi Granite Exports India Pvt.
Ltd.
April 1, 2009 ICRA assigns A2 rating to the bank limits of Mineral Enterprises Limited
April 1, 2009 ICRA assigns LBBB- rating to bank limits of Kothari Cars Private Limited
April 1, 2009 ICRA Assigns LBBB rating to the bank limits of Elastrex Polymers Private Limited
April 1, 2009 ICRA assigns LBBB+ rating to the bank limits of Preston India Private Limited
April 1, 2009 ICRA assigns LBB+ to the bank facilities of Anil Modi Oil Industries
April 1, 2009 ICRA reaffirms LAA- rating and A1 + rating assigned to bank limits of OCL India Limited
April 1, 2009 ICRA reaffirms LA+ / A1+ rating to the bank lines of Madras Cements Ltd
April 1, 2009 ICRA assigns LBBB & A3+ ratings to Piramal Glass’s bank facilities
April 1, 2009 ICRA assigns LBB rating to bank limits of MSM Energy Limited
April 1, 2009 ICRA assigns LBB- rating to bank limits of South Asian Agro Industries Limited
April 1, 2009 ICRA assigns LBB rating to bank limits of Sri Panchajanya Power Private Limited
April 1, 2009 ICRA assigns LBB/A4 ratings to bank limits of Suryachakra Power Corporation Limited
April 1, 2009 ICRA assigns LBB- rating to bank limits of Lahari Power & Steels Limited
April 1, 2009 ICRA assigns LBBB- rating to the fund based limits of Lavu Educational Society
March 31, 2009 ICRA assigns LBBB-/A3 rating to bank lines of General Mechanical Works Private
Limited
March 31, 2009 ICRA assigns LBB / A4 ratings to the bank limits of Rajvir Industries Limited
March 31, 2009 ICRA Assigns LBBB+ / A2+ rating to the bank facilities of Continental Engines Limited
March 31, 2009 ICRA assigns A1/ LA+ rating to the bank facilities of Swaraj Mazda Limited
March 31, 2009 ICRA assigns LBBB-/A3 ratings to bank limits of Amira (Foods) India Limited
March 31, 2009 ICRA assigns LBBB and A2 ratings to the bank lines of Transpek Industry Ltd.
March 31, 2009 ICRA assigns LBB / A4 ratings to bank facilities of Chandi Steel Industries Limited
March 31, 2009 ICRA assigns LA+ & A1 rating to Natco Pharma Limited
March 31, 2009 ICRA assigns LBB and A4 ratings to the bank limits of Indu Corporation Pvt Limited
March 31, 2009 ICRA assigns LAAA rating to Tata Sons’ NCD Programme; re-affirms existing ratings
March 31, 2009 ICRA assigns LB+ / A4 ratings to the bank lines of Hydril Pressure Control Private
Limited
March 31, 2009 ICRA assigns LBB+ and A4+ ratings to bank lines of Mohan Spintex India Limited
March 31, 2009 ICRA assigns LBB+ ratings to the bank lines of Future Communications Limited
March 31, 2009 ICRA assigns LBBB-/A3 rating to bank lines of Shree N M Electricals Limited
March 31, 2009 ICRA assigns LBBB-/A3 ratings to the bank lines of Shahi Exports Private Limited
March 31, 2009 ICRA has assigned LAAA rating, indicating highest credit quality, to Rs. 10 billion
Bonds issue of NTPC
March 31, 2009 ICRA assigns LBBB- and A3 rating to the Bank credit lines of Suyog Electricals Limited
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March 31, 2009 ICRA assigns LBBB- and A3 rating to the Bank credit lines of Suyog Electricals Limited
March 31, 2009 ICRA assigns LBB+/A4+ rating to the bank limits of Lalsons Jewellers Limited
March 31, 2009 ICRA assigns LBB/A4 rating to the bank limits of Shree Krishna Paper Mills & Industries
Limited
March 31, 2009 ICRA assigns LBBB+ / A2 ratings to the bank lines of Vinati Organics Limited
March 31, 2009 ICRA assigns LBBB (SO) rating to the Rs. 470 million Long Term Loan taken by Empee
Breweries Limited
March 31, 2009 ICRA assigns LBBB (SO) rating to the Rs. 500 million Long Term Loan taken by United
Millennium Breweries Limited
March 31, 2009 ICRA Assigns LBBB+ (SO) rating to the bank facilities of Kiran Flour Mills Industries
Private Limited
March 31, 2009 ICRA Assigns Ir BB- rating to Srinagar Municipal Corporation
March 31, 2009 ICRA Assigns Ir BB rating to Shimla Municipal Corporation
March 31, 2009 ICRA assigns A1+ rating to various Bank Lines of Standard Chartered – STCI Capital
Markets Ltd (formerly known as UTI Securities Limited)
March 31, 2009 ICRA assigns A4 rating to the bank limits of Gem Star Company Private Limited
March 31, 2009 ICRA Assigns LBBB- and A3 rating to bank lines of Daawat Foods Private Ltd.
March 31, 2009 ICRA assigns LBBB-/A3 ratings to bank facilities of Kudos Chemie Limited
March 31, 2009 ICRA assigns LBB rating to the term loan programme of Millennia Realtors Private
Limited
March 31, 2009 ICRA assigns LBB- rating to the term loan programme of Millennia Infrastructure Private
Limited
March 31, 2009 ICRA assigns LBB- rating to the term loan programme of Millennia Properties Private
Limited
March 31, 2009 ICRA assigns A4 rating to bank limits of Nimbark Gems
March 31, 2009 ICRA assigns LB+ and A4 rating to bank lines of DC Industrial Plant Services Pvt Ltd
March 31, 2009 MBS transactions rated by ICRA continue to display strong performance
March 31, 2009 ICRA assigns LBBB/A3+ rating to Bliss GVS Pharma Ltd.
March 31, 2009 ICRA assigns LA/A1 ratings to the bank facilities of Manappuram General Leasing and
Finance Limited; reaffirms ratings assigned earlier
March 31, 2009 ICRA assigns LBB+ rating to the bank lines of JKM Infra Projects Private Limited
March 31, 2009 ICRA assigns A4+ rating to bank limits of GTI Jewellery India Private Limited
March 31, 2009 ICRA reaffirms A1+ rating to the Commercial Paper Programme of ITC Limited for an
enhanced amount
March 31, 2009 ICRA assigns LBB rating to the bank Lines of Sri Bhagirath Textiles Limited
March 31, 2009 ICRA assigns LBB+ ratimg to the Rs. 10.02 billion term loan programme of Simhapuri
Energy Private Limited
March 31, 2009 ICRA assigns A1+ rating to ENAM Securities Private Limited’s Short Term Bank Lines
March 31, 2009 ICRA assigns LB- rating to the bank limits of Ganpati Sugar Industries limited (GSIL)
March 31, 2009 ICRA assigns A4+ rating to bank limits of Banbury Impex Private Limited
March 31, 2009 ICRA has re-affirmed the LAAA (pronounced as L triple A) rating to the Rs. 2 billion
fund based limit and the A1+ (pronounced as A one plus) rating to the Rs. 10 billion non
fund based limit of Bharat Electronics Limited
March 31, 2009 ICRA assigns LA / A1 rating to various bank lines of Wall Street Finance Ltd
March 31, 2009 ICRA Assigns LA- rating to bank limits of Dindigul-Samyanallore Toll Road Private
Limited (DSTRPL)
March 31, 2009 ICRA Assigns LA- rating to bank limits of Namakkal-Karur Toll Road Private Limited
(NKTRPL)
March 31, 2009 ICRA Assigns LBBB- rating to bank limits of Salem-Ulunderpet Toll Road Private Limited
(SUTRPL)
March 31, 2009 ICRA Assigns LBBB- rating to bank limits of Trichy-Dindigul Toll Road Private Limited
(TDTRPL)
March 31, 2009 ICRA Assigns LBBB- rating to bank limits of Trichy-Karur Toll Road Private Limited
(TKTRPL)
March 31, 2009 ICRA assigns LBBB+ on the bank lines of Rosa Power Supply Company Limited
March 31, 2009 ICRA assigns LA/A1 ratings to the bank lines of Valvoline Cummins Limited
March 31, 2009 ICRA assigns LBBB- rating to the bank limits and term loans of Madhucon Sugar and
Power Industries Limited (MSPIL)
March 31, 2009 ICRA assigns LBBB and A2 to the bank lines of OPG Energy Private Limited
March 30, 2009 ICRA downgrades ratings assigned to the fund and non-fund based limits of Oswal
Spinning and Weaving Mills Limited to ‘LB-/A4’
March 30, 2009 ICRA assigns LBB/A4 ratings to the bank limits of Arya Iron & Steel Company Private
Limited
March 30, 2009 ICRA assigns LBB-/A4 ratings to the bank limits of M/s. Goyal Traders
March 30, 2009 ICRA assigns LBB+/A4+ ratings to the bank limits of Arya Ship Breaking Company
Private Limited
March 30, 2009 ICRA assigns LB/A4 ratings to the bank limits of M.P.Recycling Company Private
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March 30, 2009 ICRA assigns LB/A4 ratings to the bank limits of M.P.Recycling Company Private
Limited
March 30, 2009 ICRA assigns A1+ rating to the Rs. 18 billion short term Non Convertible Debenture
March 30, 2009 ICRA assigns LA-/A2+ ratings to bank facilities of Lilliput Kidswear Limited
March 30, 2009 ICRA revises the rating for the Bond Programme of Maharashtra Film, Stage and
Cultural Development Corporation
March 30, 2009 ICRA assigns a final LA+(SO) rating to the Rs. 1.50 billion bond programme of KSIIDC
March 30, 2009 ICRA Assigns LBBB- rating to bank limits of L&T Halol-Shamlaji Tollway Private Limited
(L&T HSTPL)
March 30, 2009 ICRA reaffirms Ir AAA / A1+ ratings assigned to Mangalore Refinery and
Petrochemicals Limited
March 30, 2009 ICRA has assigned rating of LBBB- to Rs. 2.66 billion long term loan of Indu Navayuga
Infra Projects Private Limited (INIPPL) indicating moderate-credit-quality.
March 30, 2009 ICRA assigns LBB rating to the bank limits of Adwaith Textiles Limited
March 30, 2009 ICRA assigns LBB+ / A4+ ratings to Hinduja Foundries Limited’s bank lines for an
enhanced amount
March 30, 2009 ICRA Assigns LBB rating to bank lines of RKSK Overseas Private Limited
March 30, 2009 ICRA Assigns LBB+ rating to bank facilities of Maharishi Solar Technology Private
Limited
March 30, 2009 ICRA Assigns A4+ rating to bank limits of Mehta Brothers Gems Private Limited
March 30, 2009 ICRA assigns rating to bank facilities of Amalgamated Plantations Pvt. Ltd
March 30, 2009 ICRA assigns LBB rating to the term loan of term loan of Himachal Sorang Power
Private Limited
March 27, 2009 ICRA assigns LAA(SO) and A1+(SO) rating to Blue Dart Aviation Limited
March 27, 2009 ICRA assigns A4 ratings to M/s. Nirav Gems
March 27, 2009 ICRA assigns LBB+ / A4+ ratings to Expanded Polymer Systems Private Limited
March 27, 2009 ICRA assigns LBB- / A4 ratings to the term loan and various bank facilities of
Saurashtra Fuels Private Limited
March 27, 2009 ICRA assigns LBB- rating to the term loan of Saurashtra Containers Private Limited
March 27, 2009 ICRA assigns LBB- / A4 ratings to the term loan and various bank facilities of
Saurashtra Ferrous Private Limited
March 27, 2009 ICRA assigns highest credit quality ratings to Canara Robeco Short Term Fund
March 27, 2009 ICRA withdraws ratings assigned to Senior PTCs backed by loan pool originated by
March 27, 2009 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisation
March 27, 2009 ICRA assigns LA- and A1 rating to fund based and Non Fund based limits of Kandhari
Beverages Private Limited
March 27, 2009 ICRA assigns LBBB- (SO) and LBB+ rating to the bank lines of Khushbu Auto Finance
Limited
March 27, 2009 ICRA Withdraws LAA+(SO) Rating Assigned to the Sanctioned Fund Based Bank Limit
of Sterling Infotech Limited (SIL)
March 27, 2009 ICRA downgrades the ratings assigned to the bank lines of Koutons Retail India Limited
and withdraws rating assigned to the Commercial Paper Programme
March 26, 2009 ICRA assigns conditional LAAA (SO) ratings to the purchaser payouts backed by a pool
of commercial vehicles and other loans originated by Sundaram Finance Limited
Sundaram Finance Limited (March 2009) Rs. 2178.7 million
March 26, 2009 ICRA assigns LBB+ rating to bank facilities of Vinay Cement Ltd
March 26, 2009 ICRA withdraws A2+ rating assigned to the CP/ STD Programme of Rico Auto
Industries Limited
March 26, 2009 ICRA Assigns A1+ rating to the bank facilities and Short Term Debt/ Commercial Paper
Programme of VE Commercial Vehicles
March 26, 2009 ICRA WITHDRAWS RATING ASSIGNED TO THE SHORT TERM DEBT PROGRAMME
OF EICHER MOTORS LIMITED
March 26, 2009 ICRA assigns highest credit quality rating to the Rs. 30 billion (enhanced from Rs. 10
billion) Certificate of Deposit programme of United Bank of India
March 26, 2009 ICRA assigns LAA-/A1+ to the bank lines of Transasia Bio-medicals Limited
March 26, 2009 ICRA assigns fresh ratings to the bank lines of Anand Rathi Commodities Limited
March 26, 2009 ICRA assigns LA+ & A1+ ratings to Banco Products (India) Limited; reaffirms existing
rating
March 25, 2009 ICRA assigns A1+ rating to Rs. 500 million Commercial Paper issue of Schwing Stetter
March 25, 2009 ICRA assigns LBB+ and A4+ to the bank lines of Permanent Magnets Limited
March 25, 2009 ICRA assigns LBB/ A4 ratings to the bank limits of Kadalkanny Frozen Foods
March 25, 2009 ICRA assigns LBB/ A4 ratings to the bank limits of Theva & Co.
March 25, 2009 ICRA reaffirms all outstanding ratings of Indian Overseas Bank
March 25, 2009 ICRA assigns A1+ rating to the short-term debt programme of Chambal Fertilisers and
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March 25, 2009 ICRA assigns A1+ rating to the short-term debt programme of Chambal Fertilisers and
Chemicals Limited
March 25, 2009 ICRA assigns LAA- / A1+ ratings to the debt programmes of Cholamandalam DBS
Finance Limited
March 25, 2009 ICRA assigns LBB+ and A4+ to the bank lines of Shree Sai Baba Ship Breaking
Company
March 25, 2009 ICRA assigns A4 rating to the bank limits of Diamond Sea Food Exports
March 25, 2009 ICRA assigns A4 rating to the bank limits of Edhayam Frozen Foods Private Limited
March 24, 2009 ICRA Assigns Ir BBB+ rating to Bruhath Bengaluru Mahanagara Palike
March 24, 2009 ICRA assigns A1+ rating to the Rs. 20 billion enhanced Certificates of Deposits
programme of Punjab and Sind Bank
March 24, 2009 ICRA assigns A2 rating to the bank limits of K P Sanghvi & Sons
March 24, 2009 ICRA assigns A4+ ratings to bank facilities of Gem Manufacturing India Private Limited
March 24, 2009 ICRA assigns LBB and A4 ratings to the bank limits of IJT Plastics & Tools Private
Limited
March 24, 2009 ICRA revises rating assigned to the bank facilities of Madhucon Projects Limited (MPL)
and also withdraws the short term rating
March 24, 2009 ICRA withdraws the rating assigned to the Fixed Deposit Programme of State Bank of
Patiala
March 24, 2009 ICRA assigns LBBB-/A3 ratings to bank facilities of Gokul Overseas
March 24, 2009 ICRA assigns LBB+/A4+ rating to the bank limits of Meridian Chem-bond Limited
March 23, 2009 ICRA assigns LBBB+/A2+ ratings to bank facilities of Ind-Swift Laboratories Limited for
an enhanced amount
March 23, 2009 ICRA downgrades the ratings assigned to the bank lines of VRL Logistics Limited
March 23, 2009 ICRA assigns A3 rating to bank lines of Ratnadeep Impex
March 23, 2009 ICRA assigns LBB+ rating to bank lines of Garg Acrylics Limited
March 23, 2009 ICRA assigns LBB+ rating to bank lines of Garg Furnace Limited
March 23, 2009 ICRA revises the ratings assigned to the bank lines of Paramount Communications
Limited to LBBB-/A3
March 23, 2009 ICRA assigns LBB+ and A4+ ratings to term loan and bank facilities of Jayaswal Neco
Industries Limited
March 23, 2009 ICRA assigns LBB+ to the bank lines of Riya Travel & Tours (India) Private Limited
March 23, 2009 ICRA assigns LA+/A1+ ratings to the bank lines of Sundaram Industries Limited
March 23, 2009 ICRA assigns A4+ ratings to the bank limits of Shiva Shankar Minerals Limited
March 20, 2009 ICRA Subsidiary Acquires US-Based IT Company
March 20, 2009 ICRA assigns LBBB- rating to bank lines of PNG Jewellery & Gems
March 20, 2009 ICRA assigns “A4+” rating to the bank line of Crosseas Capital Services Private Limited
March 20, 2009 ICRA reaffirms issuer rating of IrAAA to The Clearing Corporation of India Limited
March 20, 2009 ICRA assigns LBBB+ (SO) rating to the Rs. 562.8 million Long Term Loan taken by
GMR Estate Private Limited
March 20, 2009 ICRA assigns LBBB and A2 to the bank lines of Model Buckets & Attachments Private
Limited
March 20, 2009 ICRA assigns LA and A1 ratings to the bank limits of Bharat Fritz Werner Limited
March 20, 2009 ICRA assigns LBBB (SO)/ A2 (SO) ratings to the bank limits of Adcock Ingram Limited
March 19, 2009 ICRA retains LBBB- rating assigned to the Rs. 211.20 million Fund & Non-fund based
limits and Term loan of Wilbur Smith Associates Private Limited (WSAPL)
March 19, 2009 ICRA assigns LBBB and A3+ ratings to Bank Lines of Electronica Finance Limited
March 19, 2009 ICRA assigns LBB+ and A4+ ratings to the bank lines of Shrigopal Rameshkumar Sales
Private Limited
March 19, 2009 ICRA assigns LBB+ and A4+ ratings to the bank lines of Shrigopal Rameshkumar
March 19, 2009 ICRA assigns LBBB+/A2 rating to the bank limits of Columbia Petro Chem Private
Limited
March 19, 2009 ICRA reaffirms LAA / A1+ ratings assigned to the bank limits of Shanthi Gears Limited
March 18, 2009 ICRA assigns A4+ rating to the bank credit lines of CJ Exporters
March 18, 2009 ICRA assigns conditional A2+(SO) ratings to a micro-finance loan pool originated by
Share Microfin Limited - Share Microfin Limited Loan Pool Direct Assignment – March
2009
March 18, 2009 ICRA revises the bank loan rating of Madhucon Agra Jaipur Expressway Limited
programmes of IDBI Limited
programmes of erstwhile Centurion Bank of Punjab
programmes originated by Kotak Mahindra Prime Limited
March 17, 2009 ICRA assigns LBBB rating to the fund based/non-fund based limits of Salora
International Limited
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March 17, 2009 ICRA Assigns LBBB and A3+ rating to bank lines of Emmsons International Limited
March 17, 2009 ICRA assigns LBBB- rating to the bank limits of Siesta Hospitality Services Limited
March 17, 2009 ICRA assigns LBBB rating to the fund based and non fund based limits of Flowmore
Limited
March 17, 2009 ICRA downgrades and suspends the rating for the fixed deposit programme of Ansal
Properties and Infrastructure Limited
March 16, 2009 ICRA assigns LA- rating to the bank lines of Automotive Axles Limited
March 16, 2009 ICRA assigns LBBB- / A3 ratings to the bank lines of Sical Iron ore Terminals Limited
March 16, 2009 ICRA assigns LA– and A2+ ratings to the bank limits of Sundaram Brake Linings
Limited
March 16, 2009 ICRA assigns LBBB/A2 ratings to the bank limits of Botil Oil Tools India Private Limited
March 16, 2009 ICRA assigns high credit quality rating to the Rs. 500 million subordinated debt
programme of IDBI Home Finance Limited
March 16, 2009 ICRA assigns LBBB/A3+ ratings to Premier Explosives Limited
March 16, 2009 ICRA assigns LBBB/A3+ ratings to Veer O Metals Private Limited
March 16, 2009 ICRA assigns conditional highest credit quality rating to the Purchaser Payouts backed
by construction equipment loan receivables originated by SREI Equipment Finance
Private Limited (SEFPL) - Construction Equipment Loan Pool Direct Assignment
February 2009
March 16, 2009 ICRA revises the A1 rating assigned to the Commercial Paper programme of Ramco
Industries Limited to A2+ and assigns LA-/A2+ ratings to its bank limits
March 16, 2009 ICRA assigns LA- rating to the Rs 500 million Non convertible debentures of India
Glycols Limited
March 16, 2009 ICRA reaffirms LA+ and A1 ratings to debt programmes of Balrampur Chini Mills
Limited
March 13, 2009 Update on Hindustan Oil Exploration Company Limited
March 13, 2009 ICRA assigns LAA / A1+ ratings to the bank lines of Blue Dart Express Limited;
re-affirms A1+ Rating of the Short Term Debt Programme (including Commercial
Paper)
March 13, 2009 ICRA assigns mfAAA rating to DSP BlackRock Strategic Bond Fund
March 13, 2009 ICRA assigns “A4+” rating to the bank lines of Sushil Financial Services Private Limited
March 13, 2009 ICRA assigns LBBB- and A3 ratings to the fund based/non fund based limits of Garg
Inox Limited
March 13, 2009 ICRA re-affirms A1+ (SO) rating to Reliance Securities Limited’s Short Term Debt
programme including Commercial Papers
March 13, 2009 ICRA assigns LBB rating to the bank lines of BST Textile Mills Private Limited
March 13, 2009 ICRA revises ratings assigned to Long Term NCD’s of Citifinancial Consumer Finance
India Limited from LAA+ (Negative outlook) to LAA (Stable outlook)
March 13, 2009 ICRA assigns LBBB-/A3 to the bank lines of Kenersys India Private Limited
March 13, 2009 ICRA withdraws ratings assigned to senior PTCs issued under a securitisation
transaction originated by Manappuram General Finance and Leasing Limited
March 13, 2009 ICRA assigns LBB / A4 ratings to the bank lines of The Gowthami Solvent Oils Private
Limited
March 13, 2009 ICRA revises the CP/STD rating and the bank line ratings of Ramkrishna Forgings Ltd
March 13, 2009 ICRA revises credit quality rating of Kotak Flexi Debt Scheme
March 12, 2009 ICRA assigns LBBB/A2 rating to the bank loan ratings of Share Microfin Limited
March 12, 2009 ICRA assigns MFI grade of M2 to Share Microfin Limited
March 12, 2009 ICRA assigns LBB and A4 ratings to the bank limits of Tulsi Foundries Limited
March 12, 2009 ICRA assigns LBBB- and A3 ratings to the bank limits of Metal Link Alloys limited
March 12, 2009 ICRA Assigns LBB+/ A4+ ratings to bank limits of Soktas India Pvt. Ltd
March 9, 2009 ICRA assigns LA rating to the bank limits of Hassan Mangalore Rail Development
Company Limited
March 9, 2009 ICRA retains the ratings assigned to the bank lines of Trichy Thanjavur Expressways
Limited
March 9, 2009 ICRA retains the ratings assigned to the bank lines of Madurai Tuticorin Expressways
Limited
March 9, 2009 ICRA retains the ratings assigned to the bank lines of Tamil Nadu Dindigul Karur
Expressway Limited (TNDK)
March 9, 2009 ICRA assigns highest credit quality rating to the Rs.200 billion (enhanced from Rs.120
billion) Certificate of Deposit Programme of Allahabad Bank
March 9, 2009 ICRA reaffirms LBBB+/A2 ratings assigned to the bank limits of Insecticides (India)
Limited
March 9, 2009 ICRA assigns LBB and A4 rating to the Bank credit lines of Tradecom International
Private Limited
March 9, 2009 ICRA assigns LBB- and A4 rating to the Bank credit lines of Unisource Papers Private
Limited
March 9, 2009 ICRA assigns LBB/A4 ratings to SuryaLakshmi Cotton Mills Limited
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March 9, 2009 ICRA assigns LBB/A4 ratings to SuryaLakshmi Cotton Mills Limited
March 9, 2009 ICRA assigns LBB/A4 ratings to Suryakiran International Limited
March 9, 2009 ICRA assigns LBB to the bank lines of NHC Industries Private Limited
March 9, 2009 ICRA assigns LBBB– and A3 ratings to the bank limits of Agile Electric Sub Assembly
Private Limited
March 9, 2009 ICRA reaffirms IrAA / A1+ ratings assigned to TCE Consulting Engineers Limited
of commercial vehicles and other loans originated by Sundaram Finance Limited -
Sundaram Finance Limited February 2009-II
of commercial vehicles and other loans originated by Sundaram Finance Limited-
Sundaram Finance Limited (February 2009)
March 6, 2009 ICRA revises credit quality rating of HSBC Ultra Short Term Bond Fund (formerly called
HSBC Liquid Plus Fund)
March 6, 2009 ICRA revises credit quality rating of Reliance Floating Rate Fund
March 6, 2009 ICRA assigns LBBB-/A3 rating to the bank lines of Tijaria Polypies Limited
March 6, 2009 ICRA assigns LBBB to the bank facilities of Navayuga Bengalooru Tollways Private
Limited
March 6, 2009 ICRA Assigns LBBB- and A3 ratings to bank lines of Kabeer Textiles Pvt. Ltd.
March 6, 2009 ICRA Assigns LBBB- and A3 ratings to bank lines of Mahan Plastics Private Limited
March 6, 2009 ICRA assigns LBBB- / A3 ratings to the bank lines of Thejo Engineering Limited
March 5, 2009 ICRA revises short term rating of DLF Limited
March 5, 2009 ICRA assigns LBBB- and A3 ratings to Bank Lines of Pioneer Investcorp Limited
March 5, 2009 ICRA assigns LA and A1 rating to the Bank credit lines of Rohini Industrial Electricals
Limited
March 5, 2009 ICRA assigns LBBB- and A3 rating to bank limits of Kamineni Hospitals Private Limited
March 4, 2009 ICRA assigns LBBB rating to the long term loans, corporate loans and fund based limits;
and A3+ rating to the non fund based limits of HPL Socomec Pvt Ltd (HSPL)
March 4, 2009 ICRA assigns LBB rating to fund based bank limits of Vaibhav Corporation Private
Limited
March 4, 2009 ICRA revises the rating assigned to the bank lines of Soma Enterprise Limited
March 4, 2009 ICRA withdraws A1 rating assigned to the CP/STD of Easun Reyrolle Limited
March 3, 2009 ICRA assigns LAA and A1+ ratings to the bank limits and reaffirms the A1+ rating
assigned to the CP / STD Programme of KSB Pumps Limited
March 3, 2009 ICRA assigns LBB+ rating to the bank facilities of Krishidhan Seeds
March 3, 2009 ICRA assigns LA- (SO) rating to the fund based limits of Sterling Projects and
Engineering Limited
March 3, 2009 ICRA reaffirms LAA/A1+ rating for bank lines and IrAA issuer rating of Petronet LNG
Limited
March 3, 2009 ICRA assigns fresh rating to the short-term bank lines of CD Integrated Services
Limited
March 3, 2009 ICRA withdraws ratings assigned to Series A2 PTCs and Liquidity facility issued under
a securitisation transaction originated by ICICI Bank Limited
March 3, 2009 ICRA assigns LBBB+ and A2 rating to Hikal Limited
March 2, 2009 ICRA assigns LBBB/A2 ratings to the bank limits of M.S. Khurana Engineering Limited
March 2, 2009 ICRA assigns LBBB+/A2 ratings to the bank limits of Adani Energy Limited
March 2, 2009 ICRA revises rating for Bharat Forge’s long-term debt programmes
March 2, 2009 ICRA confirms conditional highest credit quality rating for the Purchaser Payouts
backed by construction equipment loans originated by SREI Equipment Finance Private
Limited (SEFPL), post revision in pool size - Construction Equipment Loan Pool Direct
Assignment November 2008
March 2, 2009 ICRA assigns LBBB and A2 ratings to the bank lines of Paradeep Phosphates Limited
March 2, 2009 ICRA assigns a conditional LA (SO) rating to the proposed Rs. 3.5 billion bond
programme of Transmission Corporation of Andhra Pradesh Limited
March 2, 2009 ICRA assigns LBBB– and A3 ratings to the enhanced bank limits of Rajapalayam Mills
Limited
March 2, 2009 ICRA downgrades long term ratings of Cholamandalam DBS Finance to LAA-; revises
outlook to Negative; A1+ rating to short term debt programme reaffirmed
February 28, 2009 ICRA assigns LBBB- & A3 ratings to Atul Auto Limited
February 28, 2009 ICRA revises rating for Tata Motor’s short-term debt programmes
February 28, 2009 ICRA revises the ratings assigned to the bank lines of H&R Johnson (India) Ltd to
LBBB+/A2+
February 28, 2009 ICRA revises short term ratings of Tata Motors Finance Limited from A1+ to A1
February 27, 2009 ICRA Assigns A3 rating to bank limits of Keshri Export
February 27, 2009 ICRA assigns LBBB- and A3 ratings to the Bank Limits of IRM Limited
February 27, 2009 ICRA assigns LBBB+/A2 rating to the bank lines of Enviro Control Associates (I) Private
Limited
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February 27, 2009 ICRA assigns LAA to the Perpetual Bonds Programme and A1+ to the Enhanced
Certificate of Deposits Programme of IDBI Bank
February 27, 2009 ICRA assigs LBBB- and A3 rating to the bank lines of Grain Milling Company Private
Limited
February 27, 2009 ICRA assigns LBB+/A4+ rating to Shiva Texfabs Limited’s bank lines
February 27, 2009 ICRA withdraws the IrA- rating of Hyderabad Urban Development Authority and places
the LA- rating assigned to its Rs. 5 billion fund based bank limits on rating watch with
February 27, 2009 ICRA Retains the LA(SO) rating to the Rs. 300 million Bond Programme of Hyderabad
Metropolitan Water Supply & Sewerage Board
February 27, 2009 ICRA assigns A3 rating to bank limits of Creation Jewellery Manufacturing Private
Limited
February 27, 2009 ICRA Assigns LBBB+ rating to bank facilities of Kurlon Limited
February 27, 2009 ICRA assigns LB-/A4 ratings to KG Fabriks Limited
February 27, 2009 ICRA assigns LBB/A4 ratings to Sri Kannapiran Mills Limited
February 27, 2009 ICRA assigns LAAA rating to the bank lines and the proposed Bonds programme of
GAIL (India) Limited
February 27, 2009 ICRA assigns LBB+ rating to Rs. 600 million Non Convertible Debentures of K S Realty
Constructions Private Limited
February 27, 2009 ICRA revises BEML Limited’s issuer rating
February 27, 2009 ICRA assigns LBBB/A2 ratings to bank lines of Conzerv Systems Private Limited
February 27, 2009 ICRA assigns LBBB- and A3 rating to the bank lines of Sanghvi Foods Private Limited
February 26, 2009 ICRA assigns A1+/ LAA+ ratings to bank facilities of Honda Siel Cars India Limited
February 26, 2009 ICRA assigns LBB+ and A4+ ratings to M/s. Choudhary Garments
February 26, 2009 ICRA assigns LBBB-/A3 rating to bank lines of Vijay Textiles Limited
February 26, 2009 ICRA places long term rating of Chennai Container Terminal Private Limited on rating
watch with negative implications
February 26, 2009 ICRA assigns LA+ rating to the enhanced bank limits of Mundra Port and Special
Economic Zone Limited
February 26, 2009 ICRA reaffirms the bank line rating of Adani Logistics Limited at LBBB-
February 26, 2009 ICRA assigns LBBB rating to the bank lines of Fun Multiplex Private Limited
February 26, 2009 ICRA assigns LBBB- and A3 ratings to the bank limits of Impact Safety Glass Works
Private Limited
February 26, 2009 ICRA assigns LBB+/A4 ratings to the bank limits of Modest Infrastructure Limited
February 26, 2009 ICRA assigns fresh ratings to the bank lines of Anand Rathi Financial Services Limited
February 26, 2009 ICRA assigns fresh ratings to the bank lines of Anand Rathi Stock & Shares Brokers
Limited
February 26, 2009 ICRA assigns A3 rating to the Bank Lines of Infinity.Com Financial Securities Limited
February 26, 2009 ICRA assigns mfA1 rating to LICMF Income Plus Fund
February 25, 2009 ICRA assigns A1+ rating to Canara Bank’s enhanced certificate of deposits programme
February 25, 2009 ICRA reaffirms LAA/A1+ ratings to the Bank lines and commercial paper of CMC
Limited
February 25, 2009 ICRA assigns LA- and A2+ ratings to bank lines of ECE Industries Limited
February 25, 2009 ICRA assigns LA+ rating to the enhanced Hybrid Tier I Bonds Programme of Yes Bank
Limited
February 25, 2009 ICRA Assigns LBB+ and A4+ rating to bank limits of M/s Quality Construction Co.
February 25, 2009 ICRA assigns LBBB/A3+ ratings to the bank limits of Gulf Oil Corporation Limited
February 25, 2009 ICRA assigns A1+ rating to Axis Bank’s enhanced CD programme
February 25, 2009 ICRA assigns A3 rating to bank lines of Al-Gyas Exports Private Limited
February 25, 2009 ICRA assigns LAA- and A1+ rating to the Bank credit lines of Sterling & Wilson Pvt.
Limited
February 25, 2009 ICRA assigns A4 rating to the bank limits of Gupta Hair Products Private Limited
February 25, 2009 ICRA assigns LAAA rating to Reliance Communications Limited’s NCD Programme and
enhanced Bank Lines; existing ratings reaffirmed
February 24, 2009 ICRA withdraws A1+ rating assigned to the Rs 50 million CP Programme of M/s Rane
Brake Linings Limited
February 24, 2009 ICRA assigns LBB-/A4 ratings to the bank lines of Bansal Precision Forge Limited
February 24, 2009 ICRA assigns LBB+/A4+ ratings to the bank facilities of Volgadelite Plastic Udyog
Private Limited
February 24, 2009 ICRA assigns LBBB rating to bank limits of Hira Power and Steels Limited
February 24, 2009 ICRA Assigns LBBB and A3+ rating to bank lines of Nikhil Footwears Private Limited
February 24, 2009 ICRA Assigns LBBB- and A3 ratings to bank lines of Nikhil International
February 24, 2009 ICRA Assigns LBBB- and A3 rating to bank lines of Nikhil Udyog
February 24, 2009 ICRA Assigns LBBB- and A3 rating to bank lines of Sanchit Polymers
February 24, 2009 ICRA Assigns LBBB- and A3 rating to bank lines of Micro Industrial Corporation
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February 24, 2009 ICRA Assigns LBBB- and A3 rating to bank lines of Micro Industrial Corporation
February 24, 2009 ICRA assigns LBBB-/A3 ratings to the bank lines of Shahi Exports Private Limited
February 24, 2009 ICRA assigns LBBB-(SO)/A3 (SO) ratings to the bank lines of Sarla Fabric Private
Limited
February 24, 2009 ICRA revises the rating assigned to CP programme of Tata Metaliks Ltd and puts it on
watch
February 24, 2009 ICRA Suspends MB rating assigned to Fixed Deposit Programme of Brilliant Industries
Limited
February 24, 2009 ICRA withdraws MB rating assigned to Fixed Deposit Programme of Neuland
Laboratories Limited
February 24, 2009 ICRA Suspends MD rating assigned to Fixed Deposit Programme of Pennar Paterson
Securities Limited
February 24, 2009 ICRA suspends MB+ rating assigned to Fixed Deposit Programme of Merbanc Financial
Services Limited
February 24, 2009 ICRA Withdraws MB+ rating assigned to Fixed Deposit Programme of NCC Finance
Limited
February 24, 2009 ICRA Suspends MD rating assigned to Fixed Deposit Programme of DCL Finance
Limited
February 24, 2009 ICRA withdraws MB+ rating assigned to Fixed Deposit Programme of TCI Finance
Limited
February 24, 2009 ICRA Withdraws LD rating assigned to Preference Shares Programme of Pennar
Aluminium Company Limited
February 24, 2009 ICRA Suspends LD rating assigned to Non-Convertible Debenture Programme of
Pennar Profiles Limited
February 24, 2009 ICRA Assigns LBBB- and A3 rating to bank lines of Action International
February 23, 2009 ICRA revises rating assigned to the bank loans of Sheth Developer Private Limited
February 23, 2009 ICRA Assigns LBBB/A2 ratings to the bank lines of Vijai Infrastructure Limited
February 23, 2009 ICRA withdraws A1+ rating assigned to the Rs 100 million CP Programme of M/s Rane
TRW Steering Systems Limited
February 23, 2009 ICRA reaffirms rating on L G Balakrishnan & Bros Limited’s Optionally Convertible
Debentures and bank lines
February 23, 2009 ICRA assigns LBBB and A3+ ratings to the bank lines of Avon Ispat and Power Limited
February 20, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of Muthoot Hotels and Infrastructure
Ventures Private Limited and Muthoot Hotels Private Limited
February 20, 2009 ICRA assigns fresh ratings to various bonds programme of Central Bank of India
February 20, 2009 ICRA assigns LBBB- rating to the term loan and fund based/non fund based limits of Sri
Venkata Sai Educational Society
February 20, 2009 ICRA revises rating of Commercial Paper / Short term Debt programme of Liberty
Shoes Limited
February 20, 2009 ICRA assigns LA+/A1+ rating to the bank lines of TVS Logistics Services Limited
February 19, 2009 ICRA Reaffirms Highest Credit Quality Ratings To Debt Programmes Of Bank Of
Baroda Limited
February 19, 2009 ICRA reaffirms rating assigned to senior PTCs under MBS programme of erstwhile BOB
Housing Finance Limited
February 19, 2009 Update on L&T Finance Ltd
February 19, 2009 Update on Kotak Mahindra Prime
February 19, 2009 ICRA revises the CP/ STD rating and the bank line ratings of Rico Auto Industries
Limited
February 19, 2009 ICRA revises the ratings assigned to the bank lines of Lumax Industries Limited
February 19, 2009 ICRA assigns LBBB / A2 rating to bank lines of Nirmal Bang Securities Private Limited
February 19, 2009 ICRA assigns A1+ rating to UTV Software Communications Limited’s enhanced
Commercial Paper programme
February 19, 2009 ICRA assigns LBBB/A3+ ratings to bank facilities of Atlas Cycles (Haryana) Limited
February 19, 2009 ICRA assigns LAAA rating to Rs 10 billion debenture issue of Larsen & Toubro Limited
February 19, 2009 ICRA assigns LAAA rating to the Rs. 2 billion Long-Term Bonds programme of National
Capital Region Planning Board
February 19, 2009 ICRA retains LA(SO) rating to the Rs. 5.68 billion Bond Programme of Andhra Pradesh
Water Resources Development Corporation
February 18, 2009 ICRA Assigns LBBB+ rating to bank limits of Poona Dal and Besan Mills Pvt. Ltd.
February 17, 2009 ICRA assigns a long-term rating of “LBB+” to Bank Facilities of Aerens Goldsouk
International Limited
February 17, 2009 ICRA revises the CP/ STD rating of Sona Koyo Steering Systems
February 17, 2009 ICRA revises bank line ratings of Rajapalayam Mills Limited
February 16, 2009 ICRA assigns LA+ (SO)/A1 (SO) to the bank lines of Simon India Limited
February 16, 2009 ICRA assigns LBB+ ratings to the bank lines of Sri Anjaneya Agrotech Private Limited
February 16, 2009 ICRA assigns LAA-(SO) / A1+ (SO) rating to Rs. 3.0 billion bank limits of Reebok India
Company
February 16, 2009 ICRA assigns conditional LA+ (SO) to Rs. 750 million NCD Programme of KMC
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February 16, 2009 ICRA assigns conditional LA+ (SO) to Rs. 750 million NCD Programme of KMC
February 16, 2009 ICRA assigns LBBB-/ A3 ratings to the bank facilities of Escorts Construction
Equipment Limited
February 16, 2009 ICRA withdraws ratings assigned to Non-Convertible Debentures of Sundaram BNP
Paribas Home Finance Limited
February 13, 2009 ICRA assigns LBBB-/A3 rating to Yogindera Worsted Limited’s bank lines
February 13, 2009 ICRA assigns LBBB- and A3 ratings to the Bank credit lines of Itarsi Oils & Flours
Limited
February 13, 2009 ICRA revises the medium term and long term ratings of Television Eighteen India
Limited
February 13, 2009 ICRA assigns LBBB-/A3 ratings to the bank limits of Pon Pure Chem (P) Limited
February 12, 2009 ICRA downgrades the ratings assigned to the bank lines of IG Petrochemicals Limited
February 12, 2009 ICRA assigns LBB+/A4+ ratings to Sree Akkamamba Textiles Limited
February 12, 2009 ICRA assigns LBBB- and A3 rating to bank lines of Dhoot Transmission Private Limited
February 12, 2009 ICRA assigns LB+ and A4 ratings to the bank lines of Just Textiles Limited
February 12, 2009 ICRA assigns LBBB+ and A2+ ratings to the bank limits of Indu Projects Ltd.
February 12, 2009 ICRA downgrades the ratings assigned to the debt programme of DCM Shriram
Consolidated Limited
February 12, 2009 ICRA Assigns LBBB- and A3 rating to bank lines of DD International Inc.
February 12, 2009 ICRA Assigns LBBB- and A3 rating to bank lines of LT Foods Ltd.
February 12, 2009 ICRA assigns LBB and A4 ratings to the bank limits of Maruti Cotex Limited
February 12, 2009 ICRA assigns LBB/A4 to the bank lines of Fortuna Engineering (Nasik) Private Limited
February 11, 2009 ICRA assigns LBBB and A3 ratings to the bank limits of SJS Enterprises Private Limited
February 11, 2009 ICRA assigns conditional LAAA (SO) ratings to the Rs. 1.21 billion Purchaser payouts
backed by loan receivables originated by Tata Motors Limited (TML) - Tata Motors
Limited CV and Auto Pool Direct Assignment January 2009
February 11, 2009 ICRA downgrades ratings of Jay Polychem (India) Limited to LBBB-/A3+
February 10, 2009 ICRA revises bank line and Commercial paper ratings of Pricol Limited
February 10, 2009 ICRA revises CP and bank line ratings of Hydro S&S Industries Limited
February 10, 2009 ICRA assigns moderate credit quality ratings to the bank lines of The Dhamra Port
Company Limited
February 10, 2009 ICRA assigns LBBB/A3+ to the bank lines of KSH International Private Limited
February 10, 2009 ICRA revises the bank line ratings of Nelcast Limited to LBBB+ and A2+
February 10, 2009 ICRA revises Bank lines, Fixed deposit and Commercial paper ratings of Rane Engine
Valve Limited
February 10, 2009 ICRA assigns LBB+ and A4+ rating to the Bank credit lines of Fertichem Cotspin
Limited
February 10, 2009 ICRA assigns LBBB- and A3 ratings to the bank limits of Geodesic Techniques Private
Limited
February 10, 2009 ICRA assigns LBBB- and A3 rating to Bank Limits of R.K. Powergen Private Limited
February 10, 2009 ICRA assigns high credit quality rating to the Rs. 5 billion Lower Tier II bond programme
of United Bank of India; reaffirms the ratings assigned earlier.
February 9, 2009 ICRA revises the rating assigned to Shasun Chemicals & Drugs Limited
February 9, 2009 ICRA assigns LBBB- and A3 to the bank lines of La Gajjar Machineries Private Limited
February 7, 2009 ICRA Mutual Funds Awards
February 6, 2009 ICRA assigns LBBB+ and A2 rating to the Bank lines of Vinergy International Private
Limited
February 6, 2009 ICRA assign ratings to Basel – II bank lines of Transglobal Securities Limited
February 6, 2009 ICRA assigns LBBB- and A3 ratings to the bank lines of Saurabh Agrotech Pvt Ltd
(SAPL)
February 5, 2009 ICRA rating for HLL Lifecare Limited (erstwhile Hindustan Latex Limited)
February 5, 2009 ICRA assigns A2+ rating to the bank limits of LAP Ross Engineering Limited
February 5, 2009 ICRA assigns LBBB- and A3 ratings to the Term loan and working capital facilities of
International Seaports (Haldia) Private Limited
February 5, 2009 ICRA assigns LBBB- rating to the Term Loans of Mahatma Education Society
February 5, 2009 ICRA assigns LA- rating to the bank facilities of DLF Laing O’Rourke (India) Limited
February 5, 2009 ICRA withdraws grading assigned to Bengal Shrachi Housing Development Limited
February 5, 2009 ICRA withdraws grading assigned to Consulting Engineering Services (India) Private
Limited
February 5, 2009 ICRA withdraws grading assigned to Parsvnath Developers Limited
February 5, 2009 ICRA withdraws grading assigned to RDS Projects Limited
February 5, 2009 ICRA downgrades the ratings assigned to the fund and non-fund based limits of STCL
Limited from LA-/A1 to LBB/A4
February 5, 2009 ICRA retains the rating for the Rs. 30 billion Debt Programme of various entities of the
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State Government of Andhra Pradesh

February 4, 2009 ICRA assigns LBB rating to the fund based limits/ long term loans and A4 rating to non
fund based limits of Rai Bahadur Narain Singh Sugar Mills Limited
February 4, 2009 ICRA revises the ratings assigned to Tata Metaliks Ltd and puts them on watch
February 4, 2009 ICRA assigns LA- rating to bank facilities of Tata Metaliks Kubota Pipes Ltd
February 4, 2009 ICRA reaffirms the issuer ratings at IrA for Bangalore Electricity Supply Company
Limited
February 4, 2009 ICRA assigns LBBB- and A3 ratings to the bank limits of Sagar Infra Rail International
Limited
February 3, 2009 ICRA reaffirms highest credit quality rating to the Certificates of Deposit of ABN AMRO
Bank N.V. (Indian Branches)
February 3, 2009 ICRA withdraws ‘A1+’ rating assigned to the Short Term Debt/ Commercial Paper
Programme of Citifinancial Consumer Finance India Limited
February 3, 2009 ICRA assigns LBBB and A2 rating to the term debt and various bank facilities of Global
Wind Power Limited
February 2, 2009 ICRA reaffirms rating assigned to senior PTCs under MBS programme of Canfin
Homes Limited
February 2, 2009 ICRA revises Non Convertible Debenture/Long Term Debt programme of Ashok Leyland
Limited.
February 2, 2009 ICRA withdraws ‘A1’ rating assigned to the short term debt programme of Angel Infin
Private Limited
February 2, 2009 ICRA withdraws ‘A1’ rating assigned to the short term debt programme of Rathi Global
Finance Limited
February 2, 2009 ICRA withdraws ‘A1’ rating assigned to the short term debt programme of Anand Rathi
Financial Services Ltd
February 2, 2009 ICRA downgrades rating assigned to TDI Infrastructure Limited
February 2, 2009 ICRA withdraws ‘A1’ rating assigned to the short term debt programme of Anand Rathi
February 2, 2009 ICRA revises bank line ratings of Hinduja Foundries Limited
January 30, 2009 ICRA assigns LBBB+/A2+ ratings to the bank facilities of Sunrise Containers Limited
January 30, 2009 ICRA assigns LBBB/A2 ratings to the bank facilities of Hitesh Plastics Private Limited
January 30, 2009 ICRA assigns ratings to the bank lines of Hysco Steel India Limited
January 30, 2009 ICRA assign ratings to Basel – II bank lines of Shilpa Stock Brokers Private Limited
January 30, 2009 ICRA assigns LBB-/A4 ratings to the bank limits of Sholingur Textiles Limited
January 30, 2009 ICRA assigns LBBB & A3+ ratings to Sahyadri Starch & Industries Private Limited
January 30, 2009 ICRA assigns LBBB rating to the bank lines of Brandhouse Retails Limited
January 30, 2009 ICRA assigns LBB+ rating to bank limits of Vah Magna Retail Private Limited
January 30, 2009 ICRA assigns LBBB+/A2 rating to the bank limits of Mackintosh Burn Limited
January 30, 2009 ICRA Withdraws A1+ rating assigned to CP/STD program of M/s Harita Seating
Systems Limited
January 30, 2009 ICRA Withdraws A1+ rating assigned to CP/STD program of M/s Sundaram Clayton
Limited
January 30, 2009 ICRA Withdraws A1+ rating assigned to CP/STD program of M/s Automotive Axles
Limited
January 30, 2009 ICRA Withdraws A2+ rating assigned to CP/STD program of M/s Falcon Tyres Limited
January 29, 2009 ICRA reaffirms highest-credit-quality ratings assigned earlier to the outstanding
subordinated debt programme of SBI Cards and Payment Services Limited
January 29, 2009 ICRA Assigns A3 rating to bank limits of Sidd’s Jewels Private Limited
January 29, 2009 ICRA Assigns A3 rating to bank limits of Pooja Exports
January 29, 2009 ICRA Withdraws Issuer Rating Ir BBB assigned to M/s Vakil Housing Development
Coproration Ltd.
January 29, 2009 ICRA assigns LBBB and A2 ratings to the bank lines of Rathi Bars Limited
January 29, 2009 ICRA assigns LBB+ rating to the bank lines of Rathi Special Steels Limited
January 29, 2009 ICRA reaffirms highest credit quality rating to the Certificates of Deposit of the Barclays
Bank PLC (India operations)
January 29, 2009 ICRA assigns LA/A1 ratings to Light Alloy Products Limited
January 29, 2009 ICRA assigns LA/A1 ratings to ABI Showatech (India) Limited
January 29, 2009 ICRA assigns LA- rating to LAP Ross Engineering Limited
January 29, 2009 ICRA assigns LAA– and A1+ ratings to the bank limits of Turbo Energy Limited
January 29, 2009 ICRA assigns LBBB+ and A2+ ratings to the bank limits of Advanced Micronics Devices
Limited
January 28, 2009 ICRA assigns LA+ and A1 ratings to the debt programmes of Shree Renuka Sugars
Limited (SRSL)
January 28, 2009 ICRA enhances rated amount of bank lines of Adlabs Films Limited
January 28, 2009 ICRA assigns LBBB- rating to the fund based limits and A3 rating to non fund based
limits of Aravali Infrapower Limited
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limits of Aravali Infrapower Limited

January 28, 2009 ICRA assigns LBBB- and A3 rating to the Bank credit lines of KRF Limited
January 28, 2009 ICRA assigns LBBB and A2 to the bank lines of Genus Electrotech Limited
January 27, 2009 ICRA assigns A1+ rating to the Rs. 10 billion short term Non Convertible Debenture
January 27, 2009 ICRA assigns LBBB- rating to the fund based limits and long term loans; and A3 rating
to the short term loans of Rajshree Sugars & Chemicals Limited (RSCL)
January 27, 2009 ICRA assigns LAA- and A1+ to the bank limits of Acer India Private Limited
January 27, 2009 ICRA assigns A1+ rating to the bank lines of Zodiac Clothing Company Limited
January 27, 2009 ICRA revises the long term and short term ratings assigned to the bank lines of Soma
Enterprise Limited to LA-/A2+ from LA/A1 earlier
January 27, 2009 ICRA assigns an LBBB- rating to the term loan programme of Adilabad Expressway
Private Limited
January 24, 2009 ICRA revises Tata Motor’s Long-Term Rating
January 24, 2009 ICRA Limited: Unaudited Financial Results for the third quarter and nine months ended
December 31, 2008
January 24, 2009 ICRA assigns LBB+ and A4+ ratings to the bank lines of Agro Dutch Industries Limited
January 24, 2009 ICRA downgrades ratings assigned to PTCs backed by Tata Motors Finance Limited to
LA+(SO)
January 24, 2009 ICRA downgrades the long term ratings assigned to Tata Motors Finance Limited from
LAA- to LA+
January 23, 2009 ICRA has assigned an LBB rating to Vee Kay Industries
January 23, 2009 ICRA assigns LBBB-/A3 ratings to bank facilities of Kapoor Industries
January 23, 2009 ICRA assigns LA+ rating to the bank lines of Apeejay Surrendra Park Hotels Limited
January 23, 2009 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisation
programmes originated by Kotak Mahindra Bank Limited / Kotak Mahindra Prime
Limited
programmes of Standard Chartered Bank Limited
January 23, 2009 ICRA withdraws A1+(SO) ratings assigned to the PTCs issued by Loan Securitisation
Trust originated by ICICI Bank Limited (ICICI Bank Ltd. (2003) Loan Sell off 3)
January 23, 2009 ICRA reaffirms LAA rating to the subordinated debt programme of Central Bank of India
January 23, 2009 ICRA assigns LA+/A1+ to the bank lines of M/s Indoco Remedies Limited
January 23, 2009 ICRA withdraws the ratings assigned to the PTC series A1 & series A2 issued by
Corporate Loan Securitisation Series 102 Trust 2008
January 23, 2009 ICRA downgrades ratings assigned to PTCs backed by loan to Sobha Developers
Limited to LBB-(SO)
January 23, 2009 ICRA revises the rating assigned to the long term debt programme of Sobha Developers
Limited
January 22, 2009 ICRA assigns LBBB-/A3 ratings to bank facilities of Benlon India Limited
January 22, 2009 ICRA assigns LA+ ratings to the Non Convertible Debentures (NCD) programme of
Triveni Engineering and Industries Limited (TEIL)
January 22, 2009 ICRA assigns LA, A1 rating to the debt programmes of Hindustan Sanitaryware &
Industries Limited (HSI) under Basel-II
January 22, 2009 ICRA revises the outlook on Citifinancial’s Long Term ratings from ‘Stable’ to ‘Negative’
programmes of IDBI Limited
programmes of erstwhile Centurion Bank of Punjab
January 22, 2009 ICRA withdraws ratings assigned to the PTCs under Loan Securitisation programme
originated by Bank of America
January 22, 2009 ICRA withdraws ratings assigned to the PTCs under Loan Securitisation programme
originated by Citibank
programmes originated by ABN AMRO Bank
January 21, 2009 ICRA assigns LBBB/A3+ ratings to the bank lines of Keventer Agro Limited
January 21, 2009 ICRA withdraws ratings assigned to the PTCs under various ABS programmes of Tata
Motors Limited
January 21, 2009 ICRA withdraws ratings assigned to Senior PTCs backed by loans pool originated by
January 21, 2009 ICRA withdraws ratings assigned to the PTCs under various ABS programmes of ICICI
Bank Limited
January 21, 2009 ICRA assigns A3 rating to bank limits of Finestar Jewellery (India) Private Limited
January 21, 2009 ICRA assigns LAAA rating to Canara Bank’s enhanced Lower Tier II Bonds Programme
January 21, 2009 ICRA places long term ratings of Barclays Investments & Loans (India) Limited on rating
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January 21, 2009 ICRA places long term ratings of ABN AMRO Securities (India) Private Limited on rating
January 21, 2009 ICRA assigns highest credit quality rating to the Rs. 2 billion Long-Term Bonds
programme of National Capital Region Planning Board
January 21, 2009 ICRA assigns A3 rating to the working capital facilities of Hilton Metal Forging Limited
January 21, 2009 ICRA assigns LA+ and A1+ ratings to the bank limits of Opto Circuits (India) Limited
January 20, 2009 ICRA reaffirms mfA1+ rating to schemes of Franklin Templeton Mutual Fund
January 20, 2009 ICRA assigns LAA- and A1+ to the bank limits of TATA Elxsi Limited
January 20, 2009 ICRA Assigns Provisional Ratings of LAAA(SO) to the Proposed GoI-Guaranteed Bonds
of IIFCL
January 20, 2009 ICRA reaffirms the CGR 2 rating assigned to the corporate governance practices of
Punjab National Bank
January 20, 2009 ICRA assigns A3 rating to the bank limits of Gem Star Company
January 20, 2009 ICRA assigns A3 rating to the bank lines of Bhansali & Co.
January 20, 2009 ICRA assigns LBBB-/A3 to the bank lines of M/s Desai Electronics Private Limited
January 20, 2009 ICRA revises rating outlook on bank limits of Telco Construction Equipment Company
Limited
January 20, 2009 ICRA reaffirms MA- rating for Jagsonpal Pharmaceutical Limited’s FD programme
January 20, 2009 ICRA rating for Fresenius Kabi Oncology Limited
January 19, 2009 ICRA assigns LBB+ and A4+ ratings to the bank lines of Jasch Plastics India Ltd
January 19, 2009 ICRA assigns highest credit quality ratings to Kotak Floater Long Term Scheme
January 19, 2009 ICRA assigns rating to term loans of Calcom Cement India Ltd
January 19, 2009 ICRA Assigns BB Rating to the Bank Lines of Bholasingh Jaiprakash Construction
Limited
January 16, 2009 ICRA outlook on the Indian downstream oil sector
January 16, 2009 ICRA assigns A1 to bank limits of Venus Jewel
January 16, 2009 ICRA places LAA/A1+ ratings of Motherson Sumi Systems Limited on Rating Watch
with Negative Implications
January 15, 2009 ICRA reaffirms LAA-, MAA- and A1+ ratings to debt programmes of Dalmia Cement
(Bharat) Limited
January 15, 2009 ICRA assigns conditional LBBB+(SO) rating to the Rs. 1.50 billion term-loan programme
of Utkal Coal Limited
January 15, 2009 ICRA assigns LA rating to term loans of Amalgamated Plantations Pvt. Ltd
January 14, 2009 ICRA assigns A1+ rating to Global Trade Finance Limited’s enhanced short term debt
programme
January 14, 2009 ICRA reaffirms LAAA rating to the outstanding subordinated bonds programme, MAAA
rating to the Fixed Deposits programme and A1+ rating to the Certificates of Deposits
Programme of Punjab National Bank
January 14, 2009 ICRA Assigns LBBB+ / A2 ratings to Bank limits of Essar Telecom Infrastructure Pvt.
Ltd.
January 14, 2009 ICRA reaffirms A1+ rating to the Short-Term Debt Programme of Standard Chartered –
STCI Capital Markets Ltd (formerly known as UTI Securities Limited)
January 14, 2009 ICRA assigns LBBB- and A3 to the bank lines of Emitec Emission Control Technologies
January 14, 2009 ICRA assigns LAA- rating to long term bank loans and A1+ to short term bank loans of
National Cooperative Development Corporation
January 14, 2009 ICRA assigns LAA & A1+ rating to Intas Pharmaceuticals Limited
January 14, 2009 ICRA assigns LBBB- to bank facilities of Marwari Balika Vidyalaya Society
January 13, 2009 ICRA assigns LBBB/A3+ ratings to the bank lines of Gora Mal Hari Ram Limited
January 13, 2009 ICRA assigns LA- and A1 to the bank lines of ACC Machinery Company Ltd.
January 13, 2009 ICRA reaffirms the LAA- rating assigned to the NCD programme of Tata Projects
Limited
January 13, 2009 ICRA assigns LAAA/A1+ rating to the bank lines of Hindustan Aeronautics Limited and
reaffirms ratings for the long term and short term debt programmes
January 13, 2009 ICRA assigns LAAA rating to Airport Authority of India (AAI)
January 13, 2009 ICRA assigns LA- and A2+ ratings to the bank limits of Subhash Projects and Marketing
Ltd.
January 13, 2009 ICRA assigns LBBB+ and A2+ rating to the debt programmes of Cement Manufacturing
Company Limited
January 12, 2009 ICRA assigns LBBB+/A2 rating to Autometers Alliance Limited’s bank lines
January 12, 2009 ICRA assigns highest credit quality ratings to Baroda Pioneer Liquid Fund
January 12, 2009 ICRA assigns LA / A1 ratings to the bank lines of Tata Business Support Services
Limited
January 12, 2009 ICRA assigns highest credit quality rating to the Bond Programme of NLC
January 12, 2009 ICRA revises short-term bank line rating of Laxmi Diamond Private Limited
January 12, 2009 ICRA revises short-term bank line rating of C. Mahendra Exports Limited
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January 12, 2009 ICRA revises short-term bank line rating of C. Mahendra Exports Limited
January 12, 2009 ICRA reaffirms ratings of various debt programmes of Oriental Bank of Commerce
January 9, 2009 ICRA assigns A1+ rating to Rs. 1.5 billion Commercial Paper programme of UTV
Software Communications Limited
January 9, 2009 ICRA retains the ratings for various instruments of Karnataka Neeravari Nigam Limited
January 9, 2009 ICRA assigns LBBB+ and A2+ ratings to the bank limits of AVT Mc Cormick Ingredients
Pvt Limited
January 9, 2009 ICRA assigns LBBB+ and A2+ ratings to the bank limits of AVT Natural Products
Limited
January 9, 2009 ICRA assigns high credit quality ratings to IOB’s Tier II bonds and Perpetual bonds
programmes
January 9, 2009 ICRA reaffirms the adequate credit quality rating assigned earlier to Fixed Deposit
Programme of The Delhi Safe Deposits Company Limited
January 9, 2009 ICRA withdraws rating assigned to the fixed deposit programme of Hindustan Dorr
Oliver Limited
January 9, 2009 ICRA withdraws rating assigned to the commercial paper/short term programme of Soul
Space Projects Limited (SSPL)
January 9, 2009 ICRA assigns A1/LA- ratings to bank lines of Haldiram Products Private Limited (HPPL)
January 9, 2009 ICRA assigns LBBB/A2 ratings to bank lines of Yamuna Syndicate Limited
January 9, 2009 ICRA revises short term rating of Hero Motors Limited
January 9, 2009 ICRA suspends the ratings assigned to Maytas Infra Limited (MIL)
January 9, 2009 ICRA Retains LBBB (SO) rating to the Rs. 904.8 million Bond Programme of
Maharashtra Jeevan Pradhikaran
January 7, 2009 ICRA downgrade the ratings assigned to Maytas Infra Limited
January 7, 2009 ICRA assigns LBBB/A2 ratings to the bank limits of Roman Tarmat Ltd.
January 7, 2009 ICRA assigns LA-/A1 rating to Rubamin Limited’s bank lines
January 7, 2009 ICRA reaffirms high-credit-quality ratings of Deutsche Postbank Home Finance Limited
January 7, 2009 ICRA assigns LBBB-/A3 ratings to the bank facilities of HI-Q Electronics Pvt. Limited
January 7, 2009 ICRA Retains LBBB (SO) rating to the Rs. 904.8 million Bond Programme of
Maharashtra Jeevan Pradhikaran (MJP)
January 6, 2009 ICRA assigns A1+s rating to the Commercial Paper Programme and LAAA/A1+ ratings
to the bank facilities of ONGC Videsh Limited
January 6, 2009 ICRA Assigns LBB+/A4+ to the bank limits of BBIPL Infrastructure (India) Private
Limited
January 6, 2009 ICRA reaffirms MAA+ rating to the fixed deposits programme of Canfin Homes Limited
January 6, 2009 ICRA assigns a conditional LBBB+(SO) rating to the Regular Return Bond Programme
of Rs. 5 billion with Green Shoe Option up to Rs. 5 billion of Punjab Infrastructure
Development Board
January 6, 2009 ICRA assigns a final LBBB+(SO) rating to the Deep Discount Bond Programme of Rs.
1.50 billion of Punjab Infrastructure Development Board
January 6, 2009 ICRA downgrades the ratings assigned to the fund based limits of Manipal Health
Systems Limited to LBB / A4
January 6, 2009 ICRA assigned LAA+ rating to the bank lines of Exide Industries ltd. ICRA reaffirms the
A1+ rating to Exide’s CP Programme
January 6, 2009 ICRA places ratings of Wireless TT Info Services Limited on Rating Watch with
Developing Implications
January 6, 2009 ICRA assigns LBB+ and A4+ ratings to Bank facilities of Viraj Steel & Energy Limited
January 6, 2009 ICRA assigns A1 rating to the short-term bank lines of Tata Teleservices (Maharashtra)
Limited
January 5, 2009 ICRA assigns LA-/A1 rating to the bank limits of Maxpower Infosystems
January 5, 2009 ICRA assigns LBBB+/ A2+ rating to the bank limits of Balaji Powertronics
January 5, 2009 ICRA assigns LBBB+/ A2+ rating to the bank limits of Microtek International Private
Limited
January 5, 2009 ICRA assigns LBBB and A2 ratings to the bank lines of Virgin Mobile India Private
Limited
January 5, 2009 ICRA reaffirms ratings assigned to 11 series of Pass Through Certificates (PTCs)
under 4 Mortgage Backed Securitisation transactions originated by ICICI Bank Limited
(IBL)
January 5, 2009 ICRA Assigns A1 and LA- rating to the bank facilities of Apollo International Limited
January 5, 2009 ICRA assigns A4+ rating to bank limits of Tanaaya Gems & Jewellery Exports Limited
January 5, 2009 ICRA assigns A4+ rating to bank limits of Jaimin Jewellery Exports Private Limited
January 5, 2009 ICRA assigns LBB+/A4+ ratings to the bank limits of Progressive Civil Construction Co.
Pvt. Ltd.
January 5, 2009 ICRA assigns A3+ rating to bank lines of Khimji Visram & Sons (Commission
Department)
January 2, 2009 ICRA assigns conditional LAAA (SO) ratings to the Rs. 1.50 billion Purchaser payouts
Limited CV and Auto Pool Direct Assignment December 2008- II
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Limited CV and Auto Pool Direct Assignment December 2008- II

January 2, 2009 ICRA reaffirms rating assigned to senior PTCs HDFC’s MBS programme
January 2, 2009 ICRA assigns LA-/A2+ ratings to the bank limits of The Andhra Petrochemicals Limited
January 2, 2009 ICRA assigns highest credit quality rating to the enhanced Long Term Borrowing
Program and Short Term Borrowing Programme of Power Finance Corporation Limited
January 2, 2009 ICRA assigns LBBB / A2 ratings to fund based and non-fund based bank limits of MBL
Infrastructure Ltd.
January 1, 2009 ICRA releases an update on the performance of ABS pools
December 31, 2008 ICRA assigns A3+ rating to bank lines of Ratilal Becharlal & Sons
December 31, 2008 ICRA assigns ratings to bank facilities of India Carbon Ltd
December 31, 2008 ICRA assigns LBB+ to bank limits of Alcon Resorts Holdings Limited
December 31, 2008 ICRA assigns LBBB+ and A2 rating to the bank lines of Gujarat State Energy
Generation Limited
December 31, 2008 ICRA assigns LAA-/A1+ to the bank lines of Prism Cement Limited
December 31, 2008 ICRA assigns conditional LAAA (SO) ratings to the Rs. 1.57 billion Purchaser payouts
backed by loan receivables originated by Tata Motors Limited (TML) -Tata Motors
Limited CV and Auto Pool Direct Assignment December 2008
December 31, 2008 ICRA assigns A1 to Future Capital Holdings Limited’s short term debt programme
December 31, 2008 ICRA assigns LBB+ rating to the fund based limits of K.S.C. Educational Society
December 31, 2008 ICRA Assigns LBB+ and A4+ rating to the bank limits of Ratanchand Jewellers Private
Limited
December 31, 2008 ICRA assigns LBB+ and A4+ ratings to the Bank Limits of Sunflag Filaments Limited
December 31, 2008 ICRA assigns LBBB+ and A2+ ratings to the Bank Limits of W.S. Industries (India)
Limited
December 31, 2008 ICRA assigns LBBB- ratings to the Bank Limits of SVG Fashion Limited
December 31, 2008 ICRA assigns LBBB- and A3 ratings to the bank lines of Sabero Organics Gujarat
Limited
December 31, 2008 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisation
December 31, 2008 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisation
December 31, 2008 ICRA assigns LBB+ and A4+ ratings to the bank limits of Steel Exchange India Limited
December 31, 2008 ICRA withdraws ‘MA’ rating assigned fixed deposits programme of Pyramid Finance
Limited
December 31, 2008 ICRA withdraws ratings assigned to Series A3 PTCs issued under a securitisation
transaction originated by HDFC Bank Limited
December 31, 2008 ICRA withdraws ratings assigned to Series A3 and Series A4 PTCs issued under a
securitisation transaction originated by Tata Motors Limited
December 31, 2008 ICRA Assigns LBBB- and A3 ratings to the bank limits of Davanam Jewellers Private
Limited
December 30, 2008 ICRA assigns LBB/A4 to the bank lines of M/s Abhishek Corporation Limited
December 30, 2008 ICRA withdraws ratings assigned to the PTCs under Debenture Sell-off programme
originated by ICICI bank Limited
December 30, 2008 ICRA withdraws ratings assigned to the PTCs under various ABS programmes of ICICI
Bank Limited
December 30, 2008 ICRA withdraws ratings under loan pool assignment programme of ICICI Bank Limited
December 30, 2008 ICRA assigns LBBB-/A3 ratings to the bank lines of P.R.P Exports
December 30, 2008 ICRA assigns LBBB- rating to the Bank credit lines and conditional LBBB+ (SO) rating
to the NCD programme of Krishnapatnam Port Company Limited
December 30, 2008 ICRA assigns LBBB/A3+ ratings to the bank lines of Empire Industries Limited
December 30, 2008 ICRA reaffirms the high credit quality rating assigned to the Rs. 2.75 billion Tier II
bonds of UCO Bank
December 30, 2008 ICRA assigns LBBB-/A3 ratings to Turbovent Industries Private Limited
December 30, 2008 ICRA assigns LBBB-/A3 ratings to Parasakthi Cements Industries Limited
December 30, 2008 ICRA assigns LBB rating to the Bank credit lines of Gujarat Chemical Port Terminal
Company Limited
December 30, 2008 ICRA assigns LBB to the bank lines of Shri Malaprabha Sahakari Sakkare Karkhane
Niyamitha
December 30, 2008 ICRA assigns LBBB ratings to the bank lines of Goodearth Maritime Limited
December 30, 2008 ICRA assigns LBBB rating to the bank lines of Durha Constructions Private Limited
December 30, 2008 ICRA assigns Issuer Rating of IrAA+ to Bharti Infratel Limited
December 30, 2008 ICRA assigns LBB+/A4+ ratings to MYK Spinning Industries Limited
December 29, 2008 ICRA assigns LBB / A4 ratings to the bank lines of Asian Peroxides Limited
December 29, 2008 ICRA assigns A4+ rating to the bank lines of credit of B. Vijaykumar & Co.
December 29, 2008 ICRA assigns LAA- rating to India Infoline Ltd’s Long Term Debt Programme;
Re-affirms Short Term rating
December 29, 2008 ICRA assigns LA+ rating to India Infoline Investment Services Ltd’s Long Term Debt
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December 29, 2008 ICRA assigns LA+ rating to India Infoline Investment Services Ltd’s Long Term Debt
Programme; Re-affirms Short Term rating
December 29, 2008 ICRA assigns A1 rating to MoneyLine Credit Ltd’s Short Term Debt Programme
December 29, 2008 ICRA Assigns LA+ and A1+ Ratings to the Bank Facilities of Kalyani Steels Ltd
December 29, 2008 ICRA assigns LBB+ and A4+ ratings to Varsha Corporation Limited
December 29, 2008 ICRA reaffirms A1+ rating assigned to the short-term debt programme OCL India
Limited
December 29, 2008 ICRA reaffirms ratings of various debt programmes of IndusInd Bank Limited
December 29, 2008 ICRA assigns LBBB rating to bank limits of Harinagar Sugar Mills Limited
December 26, 2008 ICRA assigns LBB+ rating to Bank Limits of Dharamshala Hydro Power Limited
December 26, 2008 ICRA assigns LBB+ rating to Bank Limits of Ind Bharath Power Gencom Limited
December 26, 2008 ICRA assigns LBB+ rating to Bank Limits of NATL Power Limited
December 26, 2008 ICRA assigns LAA- rating to the Rs. 1 billion Non Convertible Debenture programme of
Titan Industries Limited and reaffirms the LAA-/A1+ ratings assigned earlier
December 26, 2008 ICRA Assigns LBBB- rating to bank limits of Ganesh Housing Corporation Limited
December 24, 2008 ICRA revises Long term rating of Citifinancial Consumer Finance India Limited from
LAAA (Negative outlook) to LAA+ (Stable outlook)
December 24, 2008 ICRA assigns LBBB-/A3 rating to bank lines of Shemaroo Entertainment Private Limited
December 24, 2008 ICRA assigns LBBB-/A3 rating to bank limits of Electromech Material Handling Systems
December 24, 2008 ICRA assigns LA+/A1 ratings to the bank limits of Ocean Sparkle Limited
December 24, 2008 ICRA assigns LA- rating to the bank limits of Sealion Sparkle Maritime Services Limited
December 24, 2008 ICRA assigns LAA rating to Bharat Forge Limited
December 24, 2008 ICRA assigns A2+ rating to the bank limits of Oil Country Tubular Limited
December 24, 2008 ICRA assigns LBBB+ and A2+ ratings to fund based/non fund based facilities of
Vadehra Builders Private Limited
December 24, 2008 ICRA assigns A3 rating to the bank lines of credit of Mani Exports
December 23, 2008 ICRA assigns A4 rating to bank lines of Om Anand Exports
December 23, 2008 ICRA assigns LBBB-/A3 rating to the proposed bank lines of Bright Outdoor Media
December 23, 2008 ICRA assigns LAA-/A1+ rating to bank lines of Adlabs Films Limited
December 23, 2008 ICRA reaffirms A1 rating of Arch Pharmalabs Limited
December 23, 2008 ICRA assigns A3 rating to the bank lines of credit of Dharmanandan Diamonds Private
Limited
December 23, 2008 ICRA assigns LBBB+ and A2+ rating to the Bank credit lines of B.V.Bio-Corp Limited
(BVBCL)
December 23, 2008 ICRA reaffirms A1+ rating to Short Term Debt programme of Naman Finance &
Investment Private Limited
December 23, 2008 ICRA assigns A1+ rating to the Rs. 5 billion short term Non Convertible Debenture
programme of RHC Holding Private Limited
December 23, 2008 ICRA assigns LBB+/A4+ ratings to bank facilities of Vicksons Steel Private Limited
December 23, 2008 ICRA downgrades the ratings assigned to the bank limits of IDEB Projects Private
Limited
December 23, 2008 ICRA reaffirms A1+ rating to Short Term Debt programme of Laxminarayan Investment
Limited
December 22, 2008 ICRA assigns A3 rating to the bank lines of Davariya Brothers
December 22, 2008 ICRA assigns LBB+ and A4+ ratings to the bank lines of Zenith Exports Limited
December 22, 2008 ICRA assigns LBBB- rating to the fund based limits and A3 rating to non fund based
limits of Advantec Coils Private Limited
December 22, 2008 ICRA reaffirms A1+ rating for the Short-term debt/Commercial Paper programme of
HEG Limited
December 22, 2008 ICRA downgrades the rating for PTCs and assignee payouts backed by a pool of
Personal Loans originated by Cholamadalam DBS Finance Limited (CDFL); reaffirms
December 22, 2008 ICRA reaffirms A1+ rating to Short Term Debt programme of Birla Global Finance
Company Limited
December 19, 2008 ICRA reaffirms LBBB- rating assigned to the fund based limits and A3 rating assigned
to non fund based limits of Sir Shadi Lal Enterprises Limited
December 19, 2008 ICRA Assigns LBB+ rating to bank lines of Oyster Medisafe Limited
December 19, 2008 ICRA assigns LAA- and A1+ ratings to the bank facilities of Tata Ryerson Limited
December 19, 2008 ICRA assigns LB rating to the Rs.2 billion bank limits of Dewa Projects Pvt. Ltd.
December 18, 2008 ICRA Assigns LBBB and A2 ratings to fund based/non-fund based bank limits of NKG
December 18, 2008 ICRA assigns LBBB+ and A2 ratings to the bank limits of Zylog Systems Limited
December 18, 2008 ICRA assigns LBBB+/A2+ rating to Jagatjit Industries Limited’s bank lines. ICRA also
assigns MA- to the fixed deposit programme
December 18, 2008 ICRA places ratings of Maytas Infra Limited on rating watch with negative implication
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December 18, 2008 ICRA places ratings of Maytas Infra Limited on rating watch with negative implication
December 17, 2008 ICRA assigns LBBB+ and A2 ratings to Aarti Drugs Limited
December 17, 2008 ICRA reaffirms A1+ rating to Commercial Paper/Short-Term Debt Programme of HCL
Infosystems Limited
December 17, 2008 ICRA downgrades ratings for 7 vehicle loan-backed transactions originated by Tata
Motors Ltd (TML), reaffirms ratings in 14 other transactions of TML and Tata Motors
Finance Ltd (TMFL)
December 17, 2008 ICRA assigns LA- and A2+ to the bank lines of BGR Energy Systems Limited
December 17, 2008 ICRA assigns LAAA rating to Tata Sons’ NCD Programme
December 16, 2008 ICRA revises bank line/ CP ratings of Wheels India Ltd.
December 16, 2008 ICRA assigns the LAA+ rating to the Rs. 15 billion long term debenture programme
(public issue) of Tata Capital Limited
December 16, 2008 ICRA assigns LA/A1 rating to the bank limits of Sudarshan Chemical Industries Limited
December 16, 2008 ICRA reaffirms ratings assigned to the various debt programme of Haldia
Petrochemicals Ltd
December 16, 2008 ICRA assigns LAA-(SO) rating to the Rs.4.8 billion term loan programme of Shyam
Telelink Limited
December 15, 2008 ICRA assigns LAA-rating to the fund based bank limits of Gujarat Tea Processors and
Packers Limited
December 15, 2008 ICRA assigns LBB rating to the fund based bank limits of Amneal Pharmaceuticals
Company (India) Pvt. Limited
December 15, 2008 ICRA assigns LAAA rating to Tata Sons’ NCD Programme
December 15, 2008 ICRA assigns highest credit quality rating to Export-Import Bank of India’s Debt
Programme
December 15, 2008 ICRA assigns LAA rating to the Rs 1 Billion proposed NCD of Tata Metaliks Ltd
December 15, 2008 Update on Finolex Industries Limited
December 15, 2008 ICRA assigns LBBB- ratings to the bank lines of SMC Power Generation Ltd.
December 12, 2008 ICRA reaffirms A1+ rating of Indoco Remedies Limited
December 12, 2008 ICRA assigns LA rating to the bank lines of Sabarmati Gas Limited
December 12, 2008 ICRA Assigns LBBB+ rating to bank limits of Sri Bhagawan Mahaveer Jain Educational
& Cultural Trust
December 11, 2008 ICRA assigns LBB+ and A4+ rating to debt programmes of SK Systems Private Limited
December 11, 2008 ICRA assigns LBBB-/A3 ratings to the bank facilities of Balmukund Sponge & Iron
Limited
December 11, 2008 ICRA assigns A2 rating to the bank facilities of Delphi Automotive Systems Pvt Limited
December 11, 2008 ICRA withdraws ratings assigned to contributions under a securitisation transaction
originated by ICICI Bank Limited
December 11, 2008 ICRA assigns LAA+/A1+ ratings to the enhanced bank limits of Indian Oil Corporation
Limited
December 10, 2008 ICRA assigns LAA rating to Piramal Healthcare Limited
December 10, 2008 ICRA assigns LBBB-/A3 ratings to the bank facilities of Hare Krishna Metallics Pvt.
Limited
December 10, 2008 ICRA Reaffirms Claim Paying Ability Rating of ICICI Lombard General Insurance
Company
December 10, 2008 ICRA Reaffirms Claim Paying Ability Rating of Bajaj Allianz General Insurance
Company
December 8, 2008 ICRA has assigned LAAA rating, indicating highest credit quality, to Rs. 20 billion
Bonds issue of NTPC
December 8, 2008 ICRA assigns LBB+ and A4 ratings to the bank lines of Plastene India Limited
December 8, 2008 ICRA assigns LBB and A4 ratings to the bank lines of Oswal Extrusion Limited
December 8, 2008 ICRA assigns LBBB rating to the fund based limits and A2 rating to non-fund based
limits of Media Video Ltd.
December 5, 2008 ICRA assigns LBBB- rating to the bank lines of Nandi Highway Developers Ltd. (NHDL)
December 4, 2008 ICRA assigns LA/A1 rating to the bank limits and A1 rating to Rs 200 million CP
Programme of Deepak Nitrite Limited
December 4, 2008 ICRA retains ratings of assignee payouts in 3 vehicle loan backed pools, revises ratings
downwards for assignee payouts in 2 other transactions originated by ICICI Bank
Limited (IBL)
December 4, 2008 ICRA assigns LA- and A2+ to the bank limits of KMC Constructions Ltd.
December 3, 2008 ICRA withdraws ratings assigned to Series A2 PTCs issued under a securitisation
transaction originated by ICICI Bank Limited
December 3, 2008 ICRA withdraws ratings assigned to Senior PTCs backed by vehicle loans pool
originated by Citicorp Finance India Limited
December 3, 2008 Update on Indian Hotels Limited
December 2, 2008 ICRA assigns A3 rating to the bank limits of Gandhi Enterprises
December 2, 2008 ICRA revises bank line ratings of Hinduja Foundries Limited
December 2, 2008 ICRA assigns LBBB- rating to the Bank Limits of Adani Logistics Limited
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December 2, 2008 ICRA assigns LBBB- rating to the Bank Limits of Adani Logistics Limited
December 2, 2008 Update on Deutsche Postbank Home Finance Limited (Erstwhile BHW Home Finance
Limited)
December 2, 2008 ICRA downgrades CP/STD rating of Hindustan Sanitaryware & Industries Limited (HSI)
from A1+ to A1
December 2, 2008 ICRA assigns LAA+ rating to Mahindra & Mahindra Limited
November 28, 2008 ICRA assigns LA- to the bank lines of ECIL-Rapiscan Limited
November 28, 2008 ICRA assigns LBBB and A2 on the bank lines of GMR Infrastructure Limited
November 28, 2008 ICRA assigns LBB+ and A4+ ratings to the bank lines of PMC Rubber Chemicals India
Pvt Ltd.
November 28, 2008 Update on L&T Finance
November 28, 2008 ICRA assigns LBBB rating to the term loan of GMR Hyderabad International Airport
Limited
November 28, 2008 ICRA assigns LBBB/A2 rating to the bank limits of Oriental Carbon & Chemicals Limited
November 27, 2008 ICRA assigns LBB- and A4 to the bank limits of Trishul Exotic Private Limited
November 27, 2008 ICRA assigns A4+ to the bank limits of ISKCON Charities
November 27, 2008 ICRA assigns LA+ rating to Rs.200 million NCD Programme of DHFL Vysya Housing
Finance Ltd.
November 27, 2008 ICRA assigns LBB and A4 ratuings to the bank limits of Uniword Telecom Limited
November 27, 2008 ICRA assigns conditional LBBB-(SO) rating to the Rs. 1,600 million Long Term Loan
taken by Golflinks Software Park Private Limited
November 27, 2008 Update on L&T Infrastructure Finance Company Ltd
November 27, 2008 ICRA assigns LBBB- rating to the term loan and fund based/ non fund based bank limits
of ISGEC HACO Metal Forming Machinery Pvt. Ltd
November 27, 2008 ICRA assigns LBB and A4 ratings to the bank limits of Uniword Telecom Limited
November 26, 2008 ICRA assigns LBB- and A4 to the bank limits of Worldfa Exports Private Limited
November 26, 2008 ICRA withdraws ratings assigned to Purchaser Payouts backed by mortgage loans pool
originated by Indiabulls Housing Finance Limited
November 26, 2008 ICRA assigns LB+ rating to the Rs. 400 million fund based limits of Indus Sports Resorts
Private Limited
November 26, 2008 ICRA retains the LA+(SO) rating for the Long Term Bond Programme of Cauvery
Neeravari Nigam Limited
November 26, 2008 ICRA assigns LBBB- rating to Bank Limits of Ind Bharath Energies Limited
November 26, 2008 ICRA assigns LBBB- rating to Bank Limits of Ind Bharath Energy (Maharashtra) Limited
November 25, 2008 ICRA reaffirms long-term rating of India Infrastructure Finance Company Limited
(IIFCL)
November 25, 2008 ICRA revises the rating assigned to the CP/STD programme of Shasun Chemicals
November 25, 2008 ICRA reaffirms highest credit quality ratings to various debt instruments of Infrastructure
November 25, 2008 ICRA assigns LAA+ rating to Indian Hotels’ NCD programme of Rs. 3 billion
November 25, 2008 ICRA assigns highest credit quality rating to Reliance Capital Limited’s enhanced Short
Term debt programme
November 25, 2008 ICRA assigns LBBB- rating to the Term Loans of Inland Conware Private Limited
November 24, 2008 ICRA revises bank line and CP ratings of Pricol Limited
November 24, 2008 ICRA assigns LAAA (SO) and A1+ ratings to the term loans and non-fund based limits
of Chennai Container Terminal Private Limited
November 21, 2008 ICRA assigns LBB- and A4 to the bank limits of Teledata Marine Solutions Ltd.
November 21, 2008 ICRA assigns LBB- and A4 to the bank limits of Teledata Informatics Limited
November 21, 2008 ICRA Withdraws rating assigned to CP Programme of TVS Srichakra Limited
November 21, 2008 ICRA retains the long term and short term ratings of The Tata Power Company Limited;
changes outlook to stable
November 21, 2008 ICRA revises the long term rating assigned to the bank lines of IVRCL Infrastructures
and Projects Limited (IVRCL) to LAA- from LAA earlier
November 21, 2008 ICRA assigns LBBB/A2 ratings to Lipi Data Systems Limited
November 21, 2008 ICRA assigns LBBB and A2 ratings to the bank lines of Dhanuka Agritech Ltd.
November 20, 2008 ICRA reaffirms credit quality ratings of mutual fund schemes
November 20, 2008 ICRA assigns LBB and A4+ ratings to bank limits of Goel Jewellery International
November 20, 2008 ICRA assigns LBB+ and A4+ ratings to bank limits of Goel Jewelery Mart Private
Limited
November 20, 2008 ICRA assigns conditional LAAA (SO) ratings to the Rs. 3.51 billion Purchaser payouts
Limited CV Pool Direct Assignment November 2008- II
November 20, 2008 ICRA assigns LA/A1 rating to the fund based and non-fund based limits of Core
Projects and Technologies Limited
November 20, 2008 ICRA Assigns LBBB and A3+ rating to bank limits of Goodluck Steel Tubes Limited
November 20, 2008 ICRA reaffirms highest credit quality ratings to debt programmes of ICICI Bank Limited
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November 20, 2008 ICRA assigns highest ratings to debt instruments of ICICI Home Finance; reaffirms
existing ratings
November 20, 2008 ICRA assigns A2 rating to the bank lines of Bonanza Portfolio Limited
November 20, 2008 ICRA assigns A2 rating to the short term bank lines of Bonanza Commodity Brokers
Private Limited
November 20, 2008 ICRA assigns LAAA to Barclays Investments & Loans (India) Limited’s long term bonds
November 19, 2008 ICRA assigns LBB+ to the Long term bank limits and A4+ rating to Short term bank
limits of Gupta Equities Private Limited
November 19, 2008 ICRA assigns LA+/A1 ratings to the bank lines of Zuari Industries Ltd
November 19, 2008 ICRA assigns LBBB- and A3 to the bank lines of BRG Iron and Steel Private Limited
November 19, 2008 ICRA assigns LA+ and A1+ ratings to the enhanced bank facilities of Redington (India)
Limited
November 19, 2008 ICRA withdraws ‘LBB@’ rating assigned to the Bond programmes of IFCI Limited
November 19, 2008 Update on Sundaram Finance Ltd
November 19, 2008 ICRA assigns LAA rating to Piramal Healthcare Limited
Limited CV and Auto Pool Direct Assignment November 2008
November 19, 2008 ICRA assigns LBBB- to the Long term bank limits and A3 rating to Short term bank limits
of Intime Spectrum Securities Limited
November 18, 2008 ICRA assigns LA+ and A1+ to the bank lines of FLSmidth Private Limited
November 18, 2008 ICRA assigns LAA- and A1+ to the bank lines of FLSmidth Minerals Pvt. Ltd.
November 18, 2008 ICRA assigns LBBB+ rating to the bank limits of Tamil Nadu Electricity Board
November 18, 2008 ICRA Assigns LA Rating to Bank Lines of Archies Limited; Earlier Ratings Retained
Limited CV and Auto Pool Direct Assignment October 2008- II
November 18, 2008 ICRA assigns LBBB- rating to Bank Limits of Raghu Rama Renewable Energy Limited
November 18, 2008 ICRA assigns LBBB and A2 rating to Bank Limits of Arkay Energy Rameswaram
Limited
November 18, 2008 ICRA assigns LBBB- rating to Bank Limits of Ind Bharath Energy (Thoothukkudi)
Limited
November 17, 2008 ICRA revises short term rating of DLF Limited
November 17, 2008 ICRA assigns LA- and A1 ratings to bank facilities of Ramkrishna Forgings Ltd
November 17, 2008 Update on Sundaram BNP Paribas Home Finance Ltd
November 17, 2008 ICRA downgrades short-term rating assigned to 26 PTC tranches and retains long-term
rating for two other PTC tranches backed by loan to DLF Limited
November 17, 2008 ICRA assigns LA-/A2+ ratings to the bank limits of Gokaldas Exports Limited
November 14, 2008 ICRA assigns LA+ on the long term debt programme of KEC International Limited
November 14, 2008 ICRA in MoU with The Federal Bank Ltd to rate Bank Loans under RBI’s New Capital
November 14, 2008 ICRA assigns A3 rating to the bank lines of M/s Minestone
November 14, 2008 ICRA assigns LBB to the bank lines of M/s Anand Silk Mills.
November 14, 2008 ICRA assigns conditional LAA(SO) ratings to the PTCs under loan securitisation
programme of J.P. Morgan Securities India Private Limited - Corporate Debt Securities
Trust D 2008
November 12, 2008 ICRA assigns A1+ rating to HDFC’s enhanced Short Term debt Programme
November 12, 2008 ICRA reaffirms A1+ rating of Unichem Laboratories Limited
November 12, 2008 Update on Citifinancial Consumer Finance India Limited
November 12, 2008 ICRA assigns LA+ rating to the bank lines of Hindustan Oil Exploration Company Ltd
November 11, 2008 ICRA assigns A2 rating to bank limits of Hira Power and Steels Ltd
November 11, 2008 ICRA assigns LBBB+ and A2+ ratings to the bank lines of Aarti Steels Limited
November 11, 2008 ICRA assigns A4+ rating to the bank limits of Dhanraj Dhadda Exports
November 11, 2008 ICRA assigns LBBB+ rating to the Non-Convertible Debentures/ Long-term Debt
Programme of Indian Metals & Ferro Alloys Limited (IMFA)
November 11, 2008 ICRA reaffirms the MA- rating to the Fixed Deposit Programme and LBBB rating to the
Bank lines of SE Investments Limited
November 11, 2008 ICRA assigns LAA and A1+ rating to Piramal Healthcare Limited
November 11, 2008 ICRA assigns LA- and A2+ ratings to the bank lines of Ferro Alloys Corporation Limited
November 11, 2008 ICRA assigns LBBB+ and A2 ratings to the bank lines of Facor Alloys Limited
November 11, 2008 ICRA assigns LBBB- and A3+ ratings to the bank lines of Facor Steels Limited
November 10, 2008 ICRA confirms conditional highest credit quality rating to the Purchaser Payouts backed
by construction equipment loan receivables originated by SREI Equipment Finance
Private Limited (SEFPL) - Construction Equipment Loan Pool Direct Assignment
October 2008-II
November 10, 2008 ICRA assigns LBBB- and A3 ratings to the bank lines of Balajee Infratech and
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November 10, 2008 ICRA assigns LBBB- and A3 ratings to the bank lines of Balajee Infratech and
Constructions Pvt Ltd.
November 7, 2008 ICRA assigns LBB and A4 ratings to the bank lines of Rama Paper Mills Limited
November 7, 2008 ICRA withdraws rating assigned to the Commercial Paper Programme of Unitech
Limited
November 6, 2008 ICRA withdraws A1+s ratings on KEC International Limited
November 6, 2008 ICRA assigns LBBB- and A3 to the bank lines of Malu Paper Mills Limited
November 6, 2008 ICRA assigns A4+ and LBB+ ratings to the bank lines of M/S Jawandamal Dhannamal
November 6, 2008 ICRA assigns LBB+ and A4+ ratings to the bank lines of Sentini Bioproducts (P)
Limited
November 6, 2008 ICRA withdraws ratings assigned to the PTCs under Loan Securitisation programme
originated by GE Capital Services India
November 5, 2008 ICRA assigns a conditional LBBB+(SO) rating to the Deep Discount Bond Programme
of Rs. 1.50 billion with Green Shoe Option up to Rs. 6 billion of Punjab Infrastructure
Development Board
November 5, 2008 ICRA downgrades the ratings assigned to Nahar Industrial Enterprise Limited’s bank
lines
November 5, 2008 ICRA assigns conditional LA+ (SO) rating to Rs.6 billion Non Convertible Bond
Programme of Tamil Nadu Electricity Board
November 5, 2008 ICRA downgrades ratings assigned to PTCs backed by Dharampal Satyapal Limited to
A1(SO)
November 5, 2008 ICRA revises the ratings assigned to Dharampal Satyapal Limited’s bank lines
November 4, 2008 ICRA assigns LA+ rating to Mahindra Navistar Automotives Limited
November 4, 2008 ICRA assigns LBB+/A4+ rating to Oswal Spinning and Weaving Mills’s bank lines
November 4, 2008 ICRA assigns LBB and A4 ratings to the bank limits of Quintegra Solutions Limited
November 4, 2008 ICRA assigns LAA+/A1+ ratings to the bank limits of Shapoorji Pallonji & Co. Ltd.
November 4, 2008 ICRA downgrades the long term rating assigned to the Non Convertible Debenture
Programme of Tata Motors Finance Limited from LAA (under rating watch with negative
implications) to LAA-
November 4, 2008 ICRA revises Tata Motor’s Long-Term Rating
November 4, 2008 ICRA downgrades ratings assigned to PTCs backed by Tata Motors Finance Limited to
LAA-(SO)
November 3, 2008 ICRA assigns LBBB- rating to the bank loan of Neelkanth Urban Developers Private
Limited
November 3, 2008 ICRA reaffirms A1+ rating to Commercial Paper Programme of Krishna Maruti Limited
November 3, 2008 ICRA reaffirms LAA+/A1+ rating to Indian Hotels Non Convertible Debentures and CP
Programme
November 3, 2008 Update on Cholamandalam DBS Finance
November 3, 2008 ICRA assigns LA- rating to the bank limits of Tata Teleservices (Maharashtra) Limited
October 31, 2008 ICRA assigns LBB+ to the bank lines of Vemagiri Power Generation Ltd
October 31, 2008 An ICRA Assessment: Impact of Key Recent Developments on Credit Profiles of
NBFCs, HFCs
October 31, 2008 ICRA withdraws ‘MC’ rating assigned to Unsecured Non Convertible Debenture
Programme of Basil Investments & Hospitality Services Limited
October 31, 2008 ICRA assigns LAA (SO) rating to term loan facilities of Biocon Biopharmaceuticals
Private Limited
October 31, 2008 ICRA assigns LAA (SO) /A1+ (SO) rating to bank facilities of Clinigene International
Limited
October 31, 2008 ICRA assigns A1 rating to Rs. 200 million fund based limits, revises rating of
Commercial Paper / Short term Debt programme of Hughes Communications India
Limited
October 31, 2008 ICRA assigns LBBB/A2 rating to the bank limits of MetroChem Industries Limited
October 31, 2008 ICRA assigns LAA-/A1+ rating to bank facilities of Syngene International Limited
October 31, 2008 ICRA assigns LBB and A4 rating to the bank limits of Prasuna Vamsikrishna Spinning
October 31, 2008 ICRA assigns LBB and A4 ratings to the bank limits of Perfect Knitters Limited
October 31, 2008 ICRA assigns LBB+ to the Rs. 3 billion fund based limits of Adarsh Prime Projects Pvt.
Ltd.
October 31, 2008 ICRA assigns LBB+/A4+ ratings to the bank limits of GTN Industries Limited
October 30, 2008 ICRA assigns LBBB rating to the term loans of Manipal Universal Learning Private
Limited
October 30, 2008 ICRA assigns LBBB- and A3 ratings to the bank limits of Sandhya Spinning Mill Limited
October 30, 2008 ICRA assigns LBBB- and A3 ratings to the bank limits of Sri Vishnu Shankar Mill
Limited.
October 30, 2008 ICRA assigns LBBB- and A3 ratings to the bank limits of Thanjavur Spinning Mill Limited
October 30, 2008 ICRA assigns LBBB- and A3 ratings to the bank limits of The Ramaraju Surgical Cotton
Mills Limited
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October 29, 2008 ICRA assigns LBBB and A3+ ratings to the bank limits of Rajapalayam Mills Limited
October 29, 2008 ICRA assigns the LAA+ and A1+ rating to the Long term and Short term bank limits
respectively and reaffirms the existing ratings of Tata Capital Limited
October 29, 2008 ICRA downgrades the ratings assigned to Vardhman Polytex Limited
October 29, 2008 ICRA assigns LAA rating (Positive Outlook) to the Bank Limits of Telco Construction
Equipment Company Limited
October 29, 2008 ICRA assigns A1/LA- rating to the bank limits of Easun Reyrolle Limited
October 27, 2008 ICRA assigns LBBB+ and A2+ ratings to the fund based and non fund based bank limits
of BMM Ispat Limited
October 27, 2008 ICRA assigns LBB+ rating to the bank limits of The CAMPCO Limited
October 27, 2008 ICRA in MoU with Andhra Bank to rate Bank Loans under RBI’s New Capital Adequacy
Framework for Basel-II
October 27, 2008 ICRA assigns LA-/A1 rating to the fund based and non-fund based limits of STCL
Limited
October 25, 2008 ICRA Limited: Unaudited Financial Results for the second quarter and half year ended
September 30, 2008
October 24, 2008 ICRA assigns LAA-/A1+ rating to the Bank lines of Taj GVK Limited.
October 24, 2008 ICRA assigns LBB+ and A4+ rating to the Bank credit lines of Vamshi Rubber Limited
October 24, 2008 ICRA assigns A1+ rating to Indian Hotels’ CP Programme for an enhanced amount of
Rs. 3 billion
October 24, 2008 ICRA assigns LAA rating to the Rs. 5.5 billion Non Convertible Debenture/Long Term
Debt programme of Ashok Leyland Limited.
October 24, 2008 ICRA downgrades rating assigned to PTCs backed by loan to Prakausali Investments
(India) Private Limited to A3(SO)
October 23, 2008 ICRA downgrades Short-term debt programme of Unitech Limited
October 23, 2008 ICRA assigns LBBB rating to Compuage Infocom Limited’s bank lines
October 23, 2008 ICRA Assigns LBBB+ rating to the bank limits of GMR Holdings Private Limited
October 23, 2008 ICRA assigns LBBB+ rating to bank facilities of L&T Chennai-Tada Tollway Private
Limited
October 23, 2008 ICRA revises the rating assigned to Rs. 150 million CP/STD programme of Sona Koyo
Steering Systems Limited
October 22, 2008 ICRA in MoU with The Karur Vysya Bank Ltd to rate Bank Loans under RBI’s New
Capital Adequacy Framework for Basel-II
October 22, 2008 ICRA in MoU with State Bank of Bikaner and Jaipur to rate Bank Loans under RBI’s
New Capital Adequacy Framework for Basel-II
October 21, 2008 ICRA downgrades Short-term debt/Commercial paper programme of Bengal Ambuja
Housing Development Limited
October 21, 2008 ICRA withdraws rating of Fixed Deposit Programme of Era Infra Engineering Limited
(formerly known as Era Constructions (India) Limited)
October 21, 2008 ICRA assigns LAAA rating to Tata Sons’ NCD Programme
October 21, 2008 ICRA assigns LAA and A1+ ratings to various borrowing programmes of Tata Tea
Limited
October 20, 2008 ICRA downgrades the rating assigned to the Rs.4.5 billion Line of Credit of Adarsh
Developers
programme of Kotak Mahindra Bank Limited CLSS 28 Trust 2009
programme of JM Financial Products Private Limited India Commercial Loan Trust –
Series IX – 2008
October 20, 2008 ICRA assigns LBB/A4 ratings to the Bank Limits of Shri Govindaraja Mills Limited
October 17, 2008 ICRA releases an update on the performance of MBS pools
October 17, 2008 ICRA assigns A3+ rating to the Bank credit lines of M/s Choice Diamond
October 17, 2008 ICRA assigns LA+ rating to the enhanced Rs.1900 millions Bank Limit of DHFL Vysya
Housing Finance Ltd.
October 17, 2008 ICRA withdraws ratings assigned to the PTCs under Loan Securitisation programme
originated by ING Vysya Bank Limited
October 17, 2008 ICRA assigns LAA rating to the NCD Programme of Jindal Steel and Power Limited
originated by Kotak Mahindra Bank Limited
originated by Standard Chartered Bank
October 16, 2008 ICRA assigns LBBB- and A3 ratings to the bank lines of Jumbo Bag Limited.
October 16, 2008 ICRA assigns LA+ and A1 on the bank lines of KEC International Limited
October 16, 2008 ICRA assigns highest credit quality to the Rs. 6 billion short term debt programme of
October 16, 2008 ICRA rating for Super Religare Laboratories Limited
October 16, 2008 ICRA re-affirms LAAA/ A1+ ratings to the bank limits of TATA Consultancy Services.
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October 16, 2008 ICRA assigns MA- rating to the Fixed Deposit programme of United Spirits Limited
October 15, 2008 ICRA assigns high-credit-quality rating to the Rs. 3 billion debenture programme of
GRUH Finance Limited; reaffirms the ratings assigned earlier
originated by ABN Amro Bank N.V.
October 15, 2008 ICRA assigns LBBB- rating to the Bank credit lines of Adani Petronet (Dahej) Port
Private Limited
October 15, 2008 ICRA re-affirms LBBB/ A2 ratings for Cambridge Solutions Limited
originated by GE Capital Services India
October 15, 2008 ICRA withdraws ratings assigned to the PTCs under ABS programme originated by GE
Capital Services India
October 15, 2008 ICRA retains ratings of the senior PTC tranches, Second Loss Facility and Liquidity
Facility in 2 vehicle loan backed pools originated by HDFC Bank Limited (HBL)
October 15, 2008 ICRA assigns LBBB- and A3 ratings to the bank lines of Jindal Mectec Pvt. Ltd.
October 15, 2008 ICRA assigns iAAA ratings to claims paying ability of SBI Life Insurance Company
Limited
October 15, 2008 ICRA assigns LA+ and A1 ratings to the working capital limits of Triveni Engineering
and Industries Limited (TEIL)
October 15, 2008 ICRA assigns LBBB- and A3 rating to the bank limits of VS Lignite Power Private
Limited
originated by Yes Bank Limited
October 13, 2008 ICRA takes note of change proposed in shareholding pattern of Deutsche Postbank,
parent of BHW Home Finance Limited (BHFL), assigns high-credit–quality rating to the
proposed Non-Convertible Debenture Programme of BHFL
October 13, 2008 ICRA Assigns Ir BB+ rating to Municipal Corporation, Amritsar
October 13, 2008 ICRA withdrawals short term rating of Era Infra Engineering Limited
October 13, 2008 ICRA has assigned an LA+ rating to Bank Facilities of Feedback Ventures Private
Limited
October 13, 2008 ICRA assigns LBBB- and A3 to the bank lines of Solar Semiconductor Private Limited
October 10, 2008 ICRA assigns LBBB- and A3 rating to bank limits of Tubeknit Fashions Limited
October 10, 2008 ICRA assigns LBB+ ratings to the bank limits of Pipavav Railway Corporation Limited
October 8, 2008 ICRA in MoU with Karnataka Bank Ltd to rate Bank Loans under RBI’s New Capital
October 7, 2008 ICRA assigns LBBB- and A3 ratings to the bank lines of IG Petrochemicals Limited
October 7, 2008 ICRA assigns LAA- rating and A1+ rating to OCL India Limited
October 6, 2008 ICRA assigns LBBB and A3+ rating to the Bank credit lines of Auro Gold Jewellery
Private Limited.
October 3, 2008 ICRA Withdraws A1+ rating assigned to CP/STD Program of M/s India Japan Lighting
Pvt Ltd
October 3, 2008 ICRA assigns LBBB rating to bank facilities of Media Content and Communication
Services (India) Private Limited
October 3, 2008 ICRA assigns LBBB-/A3 ratings to the bank limits of Tagros Chemicals India Limited
October 1, 2008 ICRA assigns A1/ LA- rating to bank facilities of RFCL Limited
October 1, 2008 ICRA assigns conditional LBBB (SO) rating to a portion of the First Loss Facility in 3
personal loan pools originated by ICICI Bank Limited, retains ratings for Second Loss
Facility in 2 others after re-allocation
October 1, 2008 ICRA retains ratings of 39 PTC tranches / assignee payouts and downgrades the rating
for 3 PTC tranches / assignee payouts backed by 7 Commercial Vehicle Loan pools, 5
Personal Loan pools and 2 Personal & Small Ticket Personal Loan pools all originated
by ICICI Bank Limited (IBL)
September 30, 2008 ICRA reaffirms A1+s rating to Rs. 250 million Short Term Debt/Commercial Paper
Programme of Fortis Healthcare Limited
September 30, 2008 ICRA assigns conditional LAAA (SO) ratings to the Acquirer Payouts backed by
mortgage loan pool of Rs. 508.5 million originated by Standard Chartered Bank -
Mortgage Loan Pool August 2008
September 30, 2008 ICRA Assigns LA- and A1 Ratings to Kalyani Lemmerz Limited
September 30, 2008 ICRA assigns LAAA rating to Canara Banks’s proposed Lower Tier II bonds
September 30, 2008 ICRA reaffirms A1+ rating to Short Term Debt programme of TGS Investment & Trade
Private Limited
September 30, 2008 ICRA assigns A1+ rating to Short Term Debt programme of Trapti Trading &
Investments Private Limited
September 30, 2008 ICRA assigns A2 rating to Compuage Infocom Limited’s bank lines
September 30, 2008 ICRA assigns LBBB/A2 ratings to the bank lines of Jay Polychem (India) Limited
September 30, 2008 ICRA assigns LBB to the Rs.120 million bank limits of Seven India Hospitality Pvt. Ltd.
September 30, 2008 ICRA assigns LAAA and A1+ to the bank limits of TATA Consultancy Services.
September 30, 2008 ICRA assigns LAA+ and A1+ to the bank lines of Thermax Limited
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September 30, 2008 ICRA assigns LAA+ and A1+ to the bank lines of Thermax Limited
September 30, 2008 ICRA assigns LBBB- rating to the fund based limits and A3 rating to non fund based
limits of The Indure Private Limited
September 30, 2008 ICRA assigns high credit quality rating to the Rs. 500 million non convertible debentures
programme of Sundaram BNP Paribas Home Finance Limited
September 30, 2008 ICRA assigns LBBB- rating to the fund based limits/ Long term debt programme and A3
rating to non fund based limits of Sir Shadi Lal Enterprises Limited
September 30, 2008 ICRA assigns LAA+/A1+ rating to bank facilities of Biocon Limited
September 30, 2008 ICRA assigns A1+ ratings to the bank limits of Global Trade Finance Limited
September 30, 2008 ICRA assigns LAA-/A1+ ratings to the bank lines of Fisher Sanmar Limited
September 30, 2008 ICRA assigns an LBBB+ rating to the term loan facilities of BMM Ispat Limited
September 30, 2008 ICRA assigns LBBB+ and A2+ ratings to the term loan and bank facilities of HKT Mining
Private Limited
September 30, 2008 ICRA assigns LBBB+ and A2+ ratings to the term loan and bank facilities of Bharat
Mines and Minerals
September 30, 2008 ICRA assigns LBBB- and A3 ratings to the Term Loans and Bank Limits of West Asia
Maritime Limited
September 29, 2008 ICRA assigns LBB and A4 ratings to the bank facilities of D.S. Alloys Private Limited
September 29, 2008 ICRA assigns LBBB- rating to bank lines of Modern Industries
September 29, 2008 ICRA assigns LAA rating to Rs.1.5 billion Non –Convertible Debenture porgramme of
TNPL
September 29, 2008 ICRA assigns the LBBB (SO) ratings on NCD programme and revises the ratings
assigned to the bank lines of GMR Energy Limited
September 29, 2008 ICRA assigns LA+ and A1+ ratings to the bank limits of ABP Private Limited
September 26, 2008 ICRA assigns LA- rating to the bank lines of Great Eastern Energy Corporation Limited
September 26, 2008 ICRA assigns LBBB/A3+ ratings to the bank facilities of Hind Metals & Industries Pvt.
Ltd.
September 26, 2008 ICRA re-affirms highest credit quality ratings to various debt programme of IL&FS
September 26, 2008 ICRA re-affirms highest credit quality rating to short term debt programme of IL&FS
September 26, 2008 ICRA assigns LBBB rating to the fund based/ non fund based limits and long term loans;
and A2 rating to the short term loans of Ponni Sugars (Erode) Limited (PSEL)
September 26, 2008 ICRA assigns LA+ and A1+ ratings to the bank facilities of Redington (India) Limited
September 25, 2008 ICRA assigns LBBB/A2 ratings to the bank lines of Cambridge Solutions Limited
September 25, 2008 ICRA assigns LBBB and A2 to the bank lines of GTN Engineering (India) Limited
September 25, 2008 ICRA assigns LBBB and A2 to the bank lines of Jubiliant Engineering Limited
September 25, 2008 ICRA assigns LAA+ (SO) rating to the fund based limits of Sterling Infotech Ltd
September 25, 2008 ICRA assigns A1+ rating to Tata Sons’ Commercial Paper programme
September 25, 2008 ICRA Assigns LA and A1 rating to bank lines of KRBL Limited
September 24, 2008 ICRA assigns A1+ to Bank of Maharashtra’s Certificates of Deposit Programme
September 24, 2008 ICRA assigns LA- rating to The Bank of Rajasthan’s Lower Tier II bonds; reaffirms
existing ratings
September 24, 2008 ICRA assigns LA-/A2+ rating to bank limits of Cinemax India Limited
September 24, 2008 ICRA assigns LBB+ ratings to the bank lines of Fekari Infrastructure Private Limited
(FIPL)
September 24, 2008 ICRA assigns LA and A1+ ratings to the bank limits of Godrej Agrovet Limited
September 24, 2008 ICRA reaffirms LAA+ and A1+ ratings respectively to various long term and short term
borrowing programmes of Hero Honda Finlease Limited
September 24, 2008 ICRA Assigns LBB ratings to the bank lines of Hind Agro Industries Limited
September 24, 2008 ICRA Assigns LBB ratings to the bank lines of Hind Industries Limited
September 24, 2008 ICRA assigns LA+ rating to Karnataka Bank’s Lower Tier II bonds and A1+ to the
enhanced Certificates of Deposit programmes; reaffirms ratings assigned earlier
September 24, 2008 ICRA assigns LA-/A1 ratings to bank facilities of McLeod Russel India Ltd
September 24, 2008 ICRA assigns LBBB- ratings to the bank lines of Malegaon Manmad Kopergaon
Infrastructure and Toll Road Private Limited (MMKIPL)
September 24, 2008 ICRA assigns LBBB rating to the Rs. 5.4 billion Term Loan Facilities of Offbeat
Developers Private Limited
programme of GE Capital Services India
programme of GE Capital Services India
September 24, 2008 ICRA assigns LAA rating to Union Bank of India’s Rs 3 billion Upper Tier II bonds
programme
September 23, 2008 ICRA reaffirms highest credit-quality rating for Commercial Paper programme of Adlabs
Films Limited
September 23, 2008 ICRA withdraws A1+s rating assigned to commercial paper programme of Bajaj
Electricals Ltd
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Electricals Ltd
September 23, 2008 ICRA assigns highest credit quality ratings to debt schemes of IDFC Mutual Fund
September 23, 2008 ICRA assigns LA rating to the bank facilities of Om Logistics Limited
September 23, 2008 ICRA re-affirms A1+ rating of Piramal Healthcare Limited (Erstwhile Nicholas Piramal
India Limited)
September 23, 2008 ICRA assigns LA- and A2+ on the bank lines of Samalpatti Power Corporation Pvt. Ltd
September 23, 2008 ICRA assigns highest-credit-quality rating to the Rs. 15 billion Short term debt
programme of SREI Equipment Finance Private Limited
September 23, 2008 ICRA assigns A1+s rating to Rs. 2 billion Commercial Paper programme of Television
Eighteen India Limited
September 22, 2008 ICRA assigns LA rating to the enhanced Rs. 1700 million Cash Credit Bank Limit of
Manappuram General Finance & Leasing Limited
September 22, 2008 ICRA assigns LA- rating to the bank loans of Sheth Developers Private Limited
September 22, 2008 ICRA assigns LBBB+ and A2+ rating to Gini & Jony Limited
September 22, 2008 ICRA reaffirms highest credit quality rating to the bank facilities of Hero Honda Motors
Limited
September 19, 2008 ICRA assigns LA and A1 ratings to Rs. 30 billion fund based bank limits of Wireless TT
Info Services Limited
September 19, 2008 ICRA assigns Ir A- Issuer Rating to Sterling Infotech Ltd.
September 19, 2008 ICRA assigns “A2+” rating to Commercial Paper Programme of Indian Metals & Ferro
Alloys Limited
September 19, 2008 ICRA assigns Ir A- Issuer Rating to Siva Ventures Ltd.
September 18, 2008 ICRA assigns LBBB- rating to the bank facilities of Artemis Medicare Services Private
Limited
September 18, 2008 ICRA assigns LBBB and A3+ rating to debt programmes of Somany Ceramics Limited
September 18, 2008 ICRA assigns high credit quality rating to the Rs. 500 million non convertible debentures
programme of Sundaram BNP Paribas Home Finance Limited
September 18, 2008 ICRA Assigns LAA- / A1+ rating to the bank facilities of Rockman Industries Limited
September 17, 2008 ICRA reaffirms ratings of various debt programmes of Axis Bank
September 17, 2008 ICRA reaffirms highest credit quality ratings of HDFC Limited
programme of Axis Bank Corporate Debt Trust 2008-09 Series 12
September 16, 2008 ICRA assigns LA+/A1+ rating to bank limits of Ushodaya Enterprises Private Limited
September 15, 2008 ICRA assigns LAA rating to Rs. 1.0 billion Fund based bank limits of Ericsson India
Private Limited
September 15, 2008 ICRA assigns LBBB and A2 to the bank lines of VA Tech Wabag India Limited
September 15, 2008 ICRA assigns conditional highest credit quality ratings to the Rs. 1499.1 million
Purchaser Payouts backed by construction equipment loan receivables originated by
SREI Equipment Finance Private Limited (SEFPL) Construction Equipment Loan Pool
Direct Assignment September 2008
September 12, 2008 ICRA assigns conditional LAAA (SO) ratings to the Purchaser Payouts backed by
mortgage loan pool of Rs. 1515.2 million originated by Indiabulls Housing Finance
Limited (IHFL) Mortgage Loan Pool July 2008
September 12, 2008 ICRA assigns LA and A1 on long term & short term scale to Bank Limits of Bajaj
Electricals Limited
September 12, 2008 ICRA assigns LBBB+ and A2+ rating to bank limits of Bharat Box Factory Limited
September 11, 2008 ICRA assigns LA- rating to the fund based limits/ long term loans and A1 rating to non
fund based limits of The Andhra Sugars Limited
September 11, 2008 ICRA assigns LBBB- and A3 ratings to bank limits of Century Metal Recycling Private
Limited
September 11, 2008 ICRA assigns A4 rating to bank facilities of Dilshad Trading
September 11, 2008 ICRA assigns LBBB-/A3 ratings to the bank limits of Shah Brothers Ispat Private Limited
September 11, 2008 ICRA has assigned an A1+ rating to the enhanced Rs. 100 billion Certificates of
deposits programme of State Bank of Hyderabad
September 10, 2008 ICRA assigns highest credit quality rating to Export- Import Bank of India’s enhanced
Short Term Debt Programme
September 10, 2008 ICRA assigns LBBB and A2 to the bank lines of GMR Industries Limited
September 10, 2008 ICRA assigns LA- and A1 ratings to the Bank Limits of Hyderabad Industries Limited
September 10, 2008 ICRA withdraws rating assigned to the Bond Programme Of Tapi Irrigation Development
Corporation
September 9, 2008 ICRA Assigns LBB+ to the Rs. 2 billion Non Covertible Debenture Programme of Adarsh
Prime Projects Pvt. Ltd.
September 9, 2008 ICRA withdraws A1+ rating assigned to the Rs. 9.5 billion Commercial Paper of GE
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programme of JM Financial Products Private Limited India Commercial Loan Trust –
Series VII – 2008
September 9, 2008 ICRA assigns LA+ and A1+ ratings to bank limits of Munjal Auto Industries Limited
September 9, 2008 ICRA Re-affirms A1+ Rating to Reliance Capital Limited’s Short-Term Debt Programme
September 9, 2008 ICRA assigns LAA+ rating to the Rs. 10 billion subordinated debt programme and A1+
rating to the enhanced Rs. 45 billion short term debt programme of Tata Capital
September 9, 2008 ICRA assigns LAA and A1+ ratings to bank facilities of Balmer Lawrie
September 9, 2008 ICRA Assigns LBBB+ rating to the bank limits of Brigade Enterprises Ltd.
September 8, 2008 ICRA Assigns LBBB/ A2 rating to bank limits of TCS Textiles Private Limited
September 8, 2008 ICRA Assigns Ir BBB+ rating to Mysore City Corporation
September 8, 2008 ICRA assigns high credit quality rating to IOB’s Upper Tier II bonds programme
September 5, 2008 ICRA assigns LAA+/A1+ ratings to the enhanced bank limits of Indian Oil Corporation
Limited
September 5, 2008 ICRA assigns “LA-” rating to long-term bank lines of IHHR Hospitality Pvt. Ltd
September 5, 2008 ICRA assigns LBBB-/A3 ratings to the bank lines of Ester Industries Limited
September 4, 2008 ICRA assigns LA and A1 rating to Bank Limits of Control & Switchgear Company
Limited
September 3, 2008 ICRA reaffirms the adequate credit quality rating assigned to the Fixed Deposit rating of
Muthoot Leasing and Finance Limited
programme of Yes Bank Indian Corporate Loan Securitisation Trust 2008 - Series 29
September 2, 2008 ICRA withdraws ratings assigned to the PTCs under ABS programmes of Tata Motors
Limited
September 2, 2008 ICRA assigns LA- rating to Trinethra Super Retail Limited
September 1, 2008 ICRA assigns LBBB- / A3 rating to various bank line of credit facilities of Rajendra
Mechanical Industries Limited
September 1, 2008 ICRA assigns LBB+/A4+ ratings to the bank facilities of Sree Metaliks Limited
September 1, 2008 ICRA assigns highest credit quality rating to the Rs. 7.5 billion short term debt
programme (enhanced from Rs. 4.5 billion) of Sundaram Finance; reaffirms ratings
assigned earlier
August 29, 2008 ICRA assigns an LBBB-/A3 rating to the bank limits of Delhi International Airport Limited
August 29, 2008 ICRA assigns “LBBB-” and “A3” ratings to the bank lines of Action Ispat & Power (P)
Limited
August 29, 2008 ICRA assigns LBBB+ ratings to the bank limits of J. Kumar Infraprojects Limited
August 29, 2008 ICRA assigns LAA rating to Mahindra Automotive Limited
August 29, 2008 Update on Punjab and Sind Bank (P&SB)
August 29, 2008 ICRA assigns LA and A1 ratings to the bank limits of Transafe Services Limited
August 28, 2008 ICRA assigns LA-/A1 rating to Aditya Birla Retail Limited’s bank facilities
August 28, 2008 ICRA reaffirm A1+ rating to Commercial Paper programme of Kyungshin Industrial
Motherson Limited; assigns LAA- and A1+ rating to bank limits
August 28, 2008 ICRA assigns LBBB- rating to the term loan and fund/non-fund based limits of Sri Balaji
Educational & Charitable Public Trust
August 28, 2008 ICRA reaffirms highest credit quality rating to schemes of UTI Mutual fund
August 27, 2008 ICRA assigns LAA/ A1+ rating to the bank facilities of Motherson Sumi Systems
Limited; reaffirms A1+ rating for short term debt (including commercial paper)
programme for an enhanced amount
August 27, 2008 ICRA Assigns LAAA/ A1+ ratings to the bank limits of Indraprastha Gas Limited
August 27, 2008 ICRA Retains LBBB (SO) rating to the Rs. 1.17 billion Bond Programme of Maharashtra
Vikrikar Rohke Pradhikaran Limited (MVRPL)
August 27, 2008 ICRA assigns conditional LA (SO) rating to the Rs. 4,000 million Long Term Loan taken
by RMZ Infotech Private Limited
August 27, 2008 ICRA assigns LAA / A1+ ratings to the debt programmes of Sundaram Home Finance;
reaffirms ratings assigned earlier
August 26, 2008 ICRA assigns high credit quality rating to IOB’s Lower Tier II bonds programme
August 26, 2008 ICRA assigns mfAAA(SO) to SBI Capital Protection Oriented Fund – Series III
August 26, 2008 ICRA assigns LAA rating to the long term non fund based limits and A1+ rating to short
term non fund based limits of Voith Siemens Hydro Pvt Ltd.
August 26, 2008 ICRA assigns LAA- rating to Yes Bank’s Lower Tier II bonds and LA+ rating to Upper
Tier II bonds; reaffirms existing ratings
August 25, 2008 ICRA assigns highest credit quality rating to Borrowing Programme of Power Grid
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August 25, 2008 ICRA reaffirms A1+ rating for the Short Term Debt programme of Transport Corporation
of India Limited for an enhanced amount
August 22, 2008 ICRA withdraws ratings assigned to the subordinated bond programme of Canfin Homes
Limited
August 22, 2008 ICRA Assigns LA- / A1 rating to the bank facilities of Lumax Industries Limited
August 22, 2008 ICRA assigns LAAA rating with “stable” outlook to Export-Import Bank of India’s Long
Term Bond Programme. Re-affirms earlier ratings
August 22, 2008 ICRA assigns LBBB+/A2 ratings to the bank limits of Mahalaxmi Construction
Corporation Ltd.
August 22, 2008 ICRA withdraws rating assigned to the Bond Programme of Maharashtra Krishna Valley
Development Corporation
August 22, 2008 ICRA assigns LA+/A1+ rating to bank limits of Subros Limited
August 21, 2008 ICRA assigns LBBB- and A3 ratings to the bank lines of Bhawani Industries Limited
August 21, 2008 ICRA assigns LAA/ A1+ ratings to the bank lines of Metso Minerals (India) Private
Limited
August 21, 2008 ICRA assigns mfAAA rating to Reliance Medium Term fund
August 21, 2008 ICRA reaffirms mfAAA(SO) to SBI Capital Protection Oriented Fund – Series I
August 21, 2008 ICRA reaffirms mfA1+ratings to schemes of SBI Funds Management Private Limited
August 21, 2008 ICRA assigns conditional highest credit quality ratings to the Rs. 1000.5 million PTCs
backed by construction equipment loan receivables originated by SREI Equipment
Finance Private Limited (SEFPL) Indian Infrastructure Equipment Receivables Trust
July 2008
August 21, 2008 ICRA assigns LBBB- rating to the term loan and fund/non-fund based limits of Sri
Manakula Vinayaga Educational Trust
August 21, 2008 ICRA assigns LBBB and A3+ ratings to bank limits of Star Wire (India) Ltd.
August 21, 2008 ICRA withdraws rating assigned to the NCD programme of Tata Chemicals Ltd
August 21, 2008 ICRA assigns A1+ rating to the Non Fund Based Limit of Titan Industries Limited
August 20, 2008 ICRA assigns LA+ rating to the fund based limits/ long term non fund based limits and
A1 rating to short term non fund based limits of ICSA (India) Limited
August 19, 2008 ICRA Assigns LBBB+ and A2 rating to bank limits of Surana Corporation Limited
August 19, 2008 ICRA Assigns LBBB rating to bank loan of TDI Infrastructure Limited
August 19, 2008 ICRA assigns LBBB and A2 rating to debt programmes of Orient Ceramics & Industries
Limited
August 18, 2008 ICRA assigns LA- and A2+ ratings to the bank facilities of The Tinplate Company of
India Limited
August 18, 2008 ICRA has reaffirmed an IrA+ rating assigned to Feedback Ventures Private Limited
(FVPL)
August 18, 2008 ICRA reaffirms A1+ rating for Short-Term Debt (including CP) of Grindwell Norton
Limited
August 18, 2008 ICRA reaffirms mfA1+ rating to schemes of Mirae Asset Mutual Fund
August 14, 2008 ICRA Assigns LAA-/A1+ rating to bank limits of Rane Holdings Limited
August 14, 2008 ICRA assigns A3 to the bank lines of Tanna Agro Impex Private Limited
August 14, 2008 ICRA assigns conditional LBBB (SO) rating to a portion of the First Loss Facility in 6
pools originated by ICICI Bank Limited, retains ratings for Second Loss Facility in 4
others after re-allocation
August 14, 2008 ICRA assigns LAAA (SO) rating to Liquidity Facility provided in 9 pools originated by
ICICI Bank Limited, retains ratings to Liquidity Facility in 20 other pools
August 14, 2008 ICRA retains ratings of 36 PTC tranches / assignee payouts in 24 vehicle loan backed
pools, downgrades ratings for senior tranches in 5 other transactions and assigns
high-credit-quality rating to Second Loss Facility in 3 transactions, all originated by
ICICI Bank Limited (IBL)
August 13, 2008 ICRA assigns LA- rating to the fund based limits and A1 rating to non fund based limits
of Hindusthan Vidyut Products Limited
August 13, 2008 ICRA reaffirms the A1+ rating for the Commercial Paper programme, downgrades the
Fixed Deposit rating to MA+ and assigns LA+/A1+ rating to bank lines of Rane Engine
Valve Limited
August 12, 2008 ICRA assigns A1+ rating to Rs. One billion NCD/CP of Orient Paper & Industries
Limited
August 12, 2008 ICRA withdraws the rating assigned to the commercial paper programme of Abhishek
Industries Limited
August 12, 2008 ICRA assigns LAA rating to Bank Lines of Jindal Power Limited
August 12, 2008 ICRA reaffirms highest credit quality ratings to schemes of HDFC Mutual fund
August 12, 2008 ICRA assigns LAA/A1+ ratings to Bank Lines of Jindal Steel and Power Limited
August 12, 2008 ICRA Assigns LA- rating to bank lines of Maharashtra Academy of Engineering &
Educational Research, Pune
August 12, 2008 ICRA assigns LA+ (SO) rating to the Rs. 350 million Non- Convertible Debenture
Programme of OCL Iron and Steel Limited
August 12, 2008 ICRA Assigns LAA rating to bank lines of Tata Cummins Limited
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August 12, 2008 ICRA Assigns LAA rating to bank lines of Tata Cummins Limited
August 11, 2008 ICRA Assigns LA+ and A1+ rating to bank limits of VA TECH Hydro India Private
Limited
August 11, 2008 ICRA reaffirms highest credit quality rating to schemes of Reliance Mutual fund
August 8, 2008 ICRA assigns LB and A4 rating to bank limits of Rajmal Lakhichand Jewellers Private
Limited
August 8, 2008 ICRA assigns LB and A4 rating to bank limits of Manraj Jewellers Private Limited
August 8, 2008 ICRA Assigns LA- and A2+ rating to bank limits of Bihar Tubes Limited
August 8, 2008 ICRA assigns A1 rating to the bank lines of United Spirits Limited
August 8, 2008 ICRA assigns LB and A4 rating to bank limits of R. L. Gold Private Limited
August 7, 2008 ICRA assigns LBBB and A2 to the bank limits of East Coast Constructions and
Industries Ltd
August 6, 2008 ICRA assigns LA- rating to the bank lines of United Spirits Limited
August 5, 2008 ICRA reaffirms mfAAA rating to AIG Short Term Fund
August 5, 2008 ICRA assigns LA+/ A1+ rating to the bank lines of Madras Cements; reaffirms A1+
rating to the short term debt/commercial paper program
August 5, 2008 ICRA assigns LBBB+/ A2+ to the bank lines of United Breweries Limited
August 4, 2008 ICRA assigns “2” to the proposed IPO of Alkali Metals Limited
August 4, 2008 ICRA withdraws the suspended rating for the FD programme of Alpic Finance Limited
August 4, 2008 ICRA in MoU with Canara Bank to rate Bank Loans under RBI’s New Capital Adequacy
Framework for Basel-II
August 4, 2008 ICRA assigns LA+ ratings to the bank lines of DHFL Vysya Housing Finance Ltd.
August 4, 2008 ICRA assigns LBBB/A3+ ratings to the bank facilities of Deepak Steel & Power Limited
August 4, 2008 ICRA Withdraws the suspended rating for the Fixed Deposit Programme of Inovoa
Securities Ltd.
August 4, 2008 ICRA withdraws the suspended rating for the Fixed Deposit Programme of Key Corp
Limited
August 4, 2008 ICRA assigns high credit quality rating to the Rs. 8 billion Non-Convertible Debenture
Programme of Kotak Mahindra Prime Ltd
August 4, 2008 ICRA reaffirms the A1+ rating assigned to Rs. 200 million Commercial Paper cum Short
Term Debt programme of KSB Pumps Limited
August 4, 2008 ICRA withdraws the suspended rating for the FD programme of Navalji Kothari Leasing
& Finance Limited
August 4, 2008 ICRA withdraws the suspended rating for the Fixed Deposit Programme of Trans Asia
Auto & General Finance Ltd
August 1, 2008 ICRA assigns “1” to the proposed IPO of Chemcel Biotech Limited
August 1, 2008 ICRA assigns LA and A1 ratings to the bank lines of Soma Enterprise Ltd.
July 31, 2008 ICRA reaffirms A1+ rating assigned to the Commercial Paper programme of Goldmohur
Foods & Feeds Limited
July 31, 2008 ICRA withdraws ratings assigned to the PTCs under various ABS programmes of ICICI
Bank Limited
July 31, 2008 ICRA assigns conditional A1+(SO) ratings to the PTCs under loan securitisation
programme of Yes Bank
July 31, 2008 ICRA assigns conditional LAA+(SO) ratings to the PTCs under loan securitisation
July 30, 2008 ICRA assigns LBBB+/A2+ rating to bank limits of Akums Drugs and Pharmaceuticals
Limited
July 30, 2008 ICRA assigns conditional A1(SO) rating to the PTCs under the loan securitisation
programme of GE Capital Services India (GECSI) INP Loan Trust
July 30, 2008 ICRA downgrades the rating assigned to bank lines of Mirza International Limited
July 30, 2008 ICRA reaffirms A1+ rating to Rs. 13 billion short term debt facilities of Ranbaxy
Laboratories
July 30, 2008 ICRA assigns LAAA rating to Tata Sons’ debenture programme
July 28, 2008 ICRA withdraws rating assigned to NCD Programme of East Coast Construction &
Industries Ltd
July 28, 2008 ICRA assigns highest credit quality rating to the Rs. 8 billion Short term debt programme
of IDBI Homefinance Limited (enhanced from Rs. 6 billion); reaffirms the ratings
assigned earlier.
July 28, 2008 ICRA in MoU with ING VYSYA BANK LTD to rate Bank Loans under RBI’s New Capital
July 28, 2008 ICRA withdraws rating of Taurus Liquid Fund
July 28, 2008 ICRA reaffirms A1 rating to CP/STD programme of Triveni Engineering and Industries
Limited
July 28, 2008 ICRA in MoU with ING VYSYA BANK LTD to rate Bank Loans under RBI’s New Capital
July 23, 2008 ICRA reaffirms highest credit quality rating to schemes of HSBC Mutual fund
July 23, 2008 ICRA assigns LBBB/A2 rating to Bank lines of Net 4 India Limited
July 23, 2008 ICRA assigns LBBB and A3+ ratings to the bank lines of Rathi Udyog Ltd.
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July 23, 2008 ICRA assigns LBBB and A3+ ratings to the bank lines of Rathi Udyog Ltd.
July 22, 2008 ICRA reaffirms highest credit quality rating to debt schemes of Birla Sunlife Mutual fund
July 21, 2008 ICRA upgrades the Stakeholder Value and Governance Rating of Godrej Consumer
Products Limited to SVG1 and retains the Corporate Governance Rating at CGR2+
July 21, 2008 ICRA reaffirms mfAAA to schemes of Kotak Mahindra Mutual fund
July 21, 2008 ICRA assigns LA- and A2+ to the bank lines of Madurai Power Corporation Pvt. Ltd.
July 21, 2008 ICRA reaffirms highest credit quality ratings to Principal Mutual Funds debt schemes
July 21, 2008 ICRA Assigns LBBB+ and A2+ rating to bank lines of Relaxo Footwears Limited
July 21, 2008 ICRA assigns LBBB+ and A2+ to the bank lines of RMC Readymix (India) Pvt. Ltd.
July 21, 2008 ICRA assigns A1+ rating to the short term bank lines of SBI Mutual Fund
July 18, 2008 ICRA reaffirms highest credit quality rating to schemes of CANARA ROBECO Mutual
Fund
July 18, 2008 ICRA Assigns Ir BBB- rating to Corporation of Cochin
July 18, 2008 ICRA Assigns Ir BBB- rating to Corporation of Thiruvananthapuram
July 18, 2008 ICRA reaffirms highest credit quality rating to Fidelity Mutual fund’s debt schemes
July 18, 2008 ICRA removes rating watch on the short term PTCs backed by GE Money Financial
Services Limited (GEMFSL)
July 18, 2008 ICRA removes rating watch on the short term PTCs backed by GE Money Housing
Finance Limited (GEMHFL)
July 18, 2008 ICRA assigns LA+ and A1+ to the bank lines of Tanfac Industries Limited; reaffirms
A1+ rating to Commercial Paper
July 18, 2008 ICRA assigns LAA, A1+ ratings to the bank facilities of Tata Refractories Limited
July 18, 2008 ICRA assigns LAA, A1+ ratings to the bank facilities of Tata Refractories Limited
July 17, 2008 ICRA assigns A1+ rating for Canara Bank’s Rs. 150 billion (enhanced) certificate of
deposits programme
July 17, 2008 ICRA Assigns LBBB- / A3 Ratings to Charbhuja Industries Pvt. Ltd.
July 17, 2008 ICRA Assigns Ir BBB+ rating to Coimbatore City Municipal Corporation
July 17, 2008 ICRA Assigns Ir BBB+ rating to Corporation of Chennai
July 17, 2008 ICRA assigns LA- and A2+ rating to the Bank credit lines of Greenply Industries Limited
July 17, 2008 ICRA Assigns Ir BB- rating to Jammu Municipal Corporation
July 17, 2008 ICRA Assigns Ir BBB+ rating to Madurai Municipal Corporation
July 17, 2008 ICRA Assigns Ir A+ rating to Municipal Corporation Chandigarh
July 17, 2008 ICRA Assigns Ir BBB rating to Municipal Corporation of Faridabad
July 17, 2008 ICRA Assigns Ir BBB- rating to Municipal Corporation Ludhiana
July 17, 2008 ICRA retains the LBBB+(SO) rating for the Rs. 139.5 Million Bond Programme of
Municipal Corporation of Ludhiana
July 16, 2008 ICRA assigns LA /A1+ ratings to the bank lines of Garware Wall Ropes; reaffirms A1+
for commercial paper/ short-term debt programme
July 16, 2008 IMaCS launches Consulting Services for Carbon Management
July 15, 2008 ICRA assigns high credit quality ratings to the proposed Non Convertible Debenture
programme and Subordinated Bond Programme of BHW Home Finance Limited
July 15, 2008 ICRA assigns A1+ rating to ECL Finance Ltd’s Short Term Debt programme
July 15, 2008 ICRA withdraws ratings assigned to the debt instruments of NIRMA Ltd
July 15, 2008 ICRA assigns conditional LAA+(SO) ratings to the PTCs under loan securitisation
July 15, 2008 ICRA assigns conditional LAAA(SO) ratings to the PTCs under loan securitisation
July 14, 2008 ICRA Assigns LA+ rating to bank limits of Mundra Port and Special Economic Zone
Limited
July 11, 2008 ICRA assigns LAA/A1+ rating to Godrej Industries Limited; enhances CP limits from Rs.
600 million to Rs. 1,000 million
July 11, 2008 ICRA assigns conditional rating of LBBB+ (SO) to the Rs. 5 Billion Bond Programme of
Punjab State Electricity Board (PSEB)
July 11, 2008 ICRA assigns LA-/A1 ratings to V-Guard Industries Limited
July 11, 2008 ICRA Assigns LBBB- rating to bank limits of Vizag Seaport Private Limited
July 10, 2008 ICRA Assigns LBBB- and A3 rating to bank limits of Eveready industries India Limited
July 8, 2008 ICRA assigns conditional highest credit quality short term rating to the Rs. 706.95
million senior PTCs backed by ‘loan against gold’ receivables originated by
Manappuram General Finance & Leasing Limited (MAGFIL)
July 8, 2008 ICRA assigns LAAA rating to Tata Sons’ debenture programme
July 4, 2008 ICRA assigns LBBB/A2 ratings to the bank limits of C.Mahendra Exports Limited
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July 1, 2008 ICRA assigns LBBB ratings to bank lines of L&T Krishnagiri Thopur Tollways Limited
June 30, 2008 ICRA assigns LBBB+ and A2+ ratings to debt programmes of Deccan Cements Limited
June 30, 2008 ICRA assigns LBBB+/A2+ ratings to Kalyani Thermal Systems Limited
June 30, 2008 ICRA has reaffirmed A1 rating to the enhanced Rs. 1 billion Short-Term Debt
Programme of Madhucon Projects Limited (MPL)
June 30, 2008 ICRA assigns LBBB+ and A2 rating to the bank limits of Rama Newsprint and Papers
Limited
June 28, 2008 ICRA downgrades ratings assigned to PTCs backed by loan to Sobha Developers
Limited
June 28, 2008 ICRA downgrades ratings assigned to PTCs backed by loan to Sobha Developers
Limited to LBBB+(SO)
June 27, 2008 ICRA releases an update on the performance of ABS pools
June 27, 2008 ICRA assigns LBBB and A2 to the bank lines of Adani Power Limited
June 27, 2008 ICRA assigns LA-/A1 ratings to the bank facilities of Nelcast Limited
June 27, 2008 ICRA assigns adequate credit quality rating for the debt programmes of Repco Home
Finance Limited
June 27, 2008 ICRA downgrades the rating assigned to the long term and short term debt programme
of Sobha Developers
June 26, 2008 ICRA assigns LBBB rating to the fund based limits and A2 rating to non fund based
limits of Adani Wilmar Limited
June 26, 2008 ICRA Assigns LBBB+/ A2+ rating to bank limits of Dabur Pharma Limited
June 26, 2008 ICRA assigns A1+ rating to IL&FS Financial Services Limited’s enhanced Short –Term
Debt programme
June 26, 2008 IMaCS, Virtus Global Partners of USA sign MoU for Advisory/Consulting Business in
India, USA
June 25, 2008 ICRA assigns LBBB/A2 rating to Bank lines of Gemini Communication Limited
June 25, 2008 ICRA Assigns LBBB+ and A2 rating to bank limits of VVF Limited
June 24, 2008 ICRA downgrades ratings for 4 vehicle loan-backed transactions originated by Tata
Motors Ltd (TML), reaffirms ratings in 17 other transactions of TML and Tata Motors
Finance Ltd (TMFL)
June 20, 2008 ICRA assigns LA and A1 rating to Bank Limits and CP programme of B. Seenaiah &
Company Projects Limited
June 20, 2008 ICRA assigns LAA- rating to Equity Linked long term debt programme of Kotak
Mahindra Investments Limited
June 19, 2008 ICRA Assigns LA and A1 rating to the bank facilities of Bajaj Motors Limited
June 19, 2008 ICRA assigns LBBB and A2 ratings to bank lines of Oswal Woollen Mills Limited
June 19, 2008 ICRA assigns A1+ rating to the Non Fund Based Limit of Titan Industries Limited
June 19, 2008 ICRA assigns LBBB and A2 ratings to bank lines of Vardhman Polytex Limited
June 19, 2008 ICTEAS Acquires Axiom Technologies, Gets into ERP
June 18, 2008 ICRA assigns LA- and A1 ratings to the bank limits of International Combustion (India)
Limited
June 16, 2008 ICRA assigns LAA rating with a stable outlook to the proposed Rs. 6 billion
non-convertible debenture programme of Cholamandalam DBS Finance Ltd
June 16, 2008 ICRA assigns A1 rating to Rs. 500 million short-term debt of Madhucon Projects Limited
(MPL)
June 12, 2008 short term bank facilities of Ranbaxy Laboratories Limited
June 11, 2008 ICRA assigns A1 rating to Anand Rathi Financial Services Ltd’s (formerly known as
Anand Rathi Securities Limited) Enhanced Short –Term Debt programme
June 11, 2008 ICRA assigns LAA- and A1+ ratings to the bank lines of Deepak Fertilizers and
Petrochemicals Corporation Limited.
June 11, 2008 ICRA assigns LA- / A1 ratings to the bank lines of H&R Johnson; re-affirms A1+s
Rating of the Rs. 350 million Commercial Paper
June 11, 2008 ICRA assigns A1 rating to Rathi Global Finance Limited’s enhanced Short –Term Debt
programme
June 10, 2008 ICRA upgrades ratings on various debt programmes of Global Trade Finance Limited,
removes rating watch
June 10, 2008 ICRA assigns LA/A1 ratings to the bank limits of Hindustan Latex Limited
June 10, 2008 ICRA assigns LAA/A1+ ratings to Mahindra Intertrade Limited
June 10, 2008 ICRA assigns A1 rating to Prabhudas Lilladher Financial Services Pvt Ltd’s Short Term
Debt Programme
June 10, 2008 ICRA reaffirms highest ratings to various debt programmes of SBI Factors &
Commercial Services Private Limited
June 9, 2008 ICRA assigns the highest credit quality rating to the Rs. 130 billion Long-Term
Borrowing programme (including Bank Borrowings) of Rural Electrification Corporation
Limited (REC)
June 9, 2008 ICRA assigns LBBB rating to the bank lines of Super Spinning Mills Limited
June 6, 2008 ICRA reaffirms the highest-credit-quality rating assigned earlier to Commercial Paper/
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June 6, 2008 ICRA reaffirms the highest-credit-quality rating assigned earlier to Commercial Paper/
Short Term Debt of National Housing Bank.
June 6, 2008 ICRA revises the Developer Grading of Parsvnath Developers Limited
June 6, 2008 ICRA's comments on Reliance Communications’ ongoing negotiations with MTN
June 4, 2008 ICRA assigns highest credit quality ratings to Fullerton India Credit Company Limited’s
Debt Programmes
June 4, 2008 ICRA assigns conditional A1+(SO) and LAA+(SO) ratings to the PTCs under loan
securitisation programme of Yes Bank
June 2, 2008 ICRA assigns LA- and A2+ rating to bank facilities of Dakshin Gujarat Vij Co. Ltd.
June 2, 2008 ICRA assigns LA- and A2+ rating to bank facilities of Gujarat Energy Transmission
Corporation Ltd.
June 2, 2008 ICRA assigns LA- and A2+ rating to bank facilities of Gujarat State Electricity Corp. Ltd.
June 2, 2008 ICRA assigns LA- and A2+ rating to the bank facilities of Gujarat Urja Vikas Nigam Ltd.
June 2, 2008 ICRA assigns LA+ rating to bank lines of Haldiram Manufacturing Company Private
Limited (HMPL)
June 2, 2008 ICRA assigns LA+ and A1+ rating to bank lines of Haldiram Snacks Private Limited
(HSPL)
June 2, 2008 ICRA assigns LA- and A2+ rating to bank facilities of Madhya Gujarat Vij Co. Ltd.
June 2, 2008 ICRA assigns LA- and A2+ rating to bank facilities of Paschim Gujarat Vij Co. Ltd.
June 2, 2008 ICRA assigns LA- and A2+ rating to bank facilities of Uttar Gujarat Vij Co. Ltd.
May 30, 2008 ICRA assigns conditional A1+(SO) and LAAA(SO) ratings to the PTCs under loan
securitisation programme of Infrastructure Development Finance Company Limited
(IDFC)
May 29, 2008 ICRA assigns A1+ rating to ICICI Bank Limited’s Enhanced CD Programme
May 29, 2008 ICRA assigns high credit quality ratings to Industrial Development Bank of India
Limited’s long term debt programmes
May 29, 2008 ICRA retains highest safety ratings for the long-term bonds of the Specific Undertaking
of the UTI
May 28, 2008 ICRA assigns IPO grade 3 to the proposed IPO of Archidply Industries Limited
May 28, 2008 ICRA Assigns LA- and A1 rating to the bank facilities of Bharat Seats Limited
May 28, 2008 ICRA assigns an LA rating to the fund based bank facilities of Essar Steel Limited
May 28, 2008 ICRA assigns A1+ rating to Rs. 13 billion short term bank limits of Ranbaxy Laboratories
May 27, 2008 ICRA withdraws A1 rating assigned to Commercial Paper Programme of Godavari
Fertilizers and Chemicals Limited
May 27, 2008 ICRA re-affirms A1+ rating for Investsmart Financial Services Limited’s Short Term
Debt Programme
May 26, 2008 ICRA assigns conditional LAA+(SO) ratings to the PTCs under loan securitisation
programme of Citibank
May 26, 2008 ICRA assigns LBBB- rating to the fund based limits and A3 rating to the non fund based
limits of Davangere Sugar Company Limited
May 26, 2008 ICRA withdraws gradings Assigned to Eldeco Infrastructure and Properties Limited
May 26, 2008 ICRA assigns conditional A1+(SO) ratings to the PTCs under loan securitisation
programme of Industrial Development Bank of India Limited
May 26, 2008 ICRA downgrades PTCs issued by Indian Retail ABS Trust Series 58
May 26, 2008 ICRA withdraws rating of Non Convertible Debenture programme of The Sandesh
Limited
May 23, 2008 ICRA assigns ICRA IPO Grade 2 to the proposed IPO of Bafna Pharmaceuticals
Limited
May 23, 2008 ICRA assigns LA-/A1 rating to bank facilities of Cadila Pharmaceuticals Limited
May 23, 2008 NCL Industries Limited
May 23, 2008 ICRA assigns A1+ rating to Reliance Capital Limited’s enhanced short-term debt
programme.
May 23, 2008 ICRA assigns A1+ SO rating to Reliance Securities Limited’s Short Term Debt
programme including Commercial Papers
May 22, 2008 ICRA retains LBBB+ on the bond programme of Gujarat State Energy Generation
Limited
May 22, 2008 ICRA assigns LBBB/A2 ratings to Medreich Limited
May 22, 2008 ICRA assigns LBBB / A2 rating to the bank lines of PCS Technology Limited
May 22, 2008 ICRA assigns LAAA rating to Tata Sons’ debenture programme
May 21, 2008 ICRA re-affirms A1+ rating for Aditya Birla Nuvo’s short term debt (including
commercial paper) programme
May 21, 2008 ICRA assigns A1+ and LA+ ratings to the bank facilities of Essel Mining & Industries Ltd
May 21, 2008 ICRA assigns a conditional LBBB+(SO) rating to the proposed Rs. 12.5 billion Bond
Programme of Punjab Infrastructure Development Board
May 21, 2008 ICRA assigns an Issuer Rating of IrAAA rating to Shipping Corporation of India
May 21, 2008 ICRA assigns LBBB+/A2 rating to the bank limits of Veena Industries Ltd.
May 16, 2008 ICRA assigns LA-/ A2+ to bank facilities of Omax Autos Limited
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May 16, 2008 ICRA assigns LA-/ A2+ to bank facilities of Omax Autos Limited
May 15, 2008 ICRA assigns LAAA/A1+ ratings to the bank limits of Oil India Limited (OIL)
May 15, 2008 ICRA downgrades the rating assigned to bank lines of Precot Meridian Limited
May 15, 2008 ICRA assigns LBBB rating to Sai Adventium’s bank lines
May 14, 2008 ICRA Assigns LA and A1 rating to bank limits of Gujarat Industries Power Company
Limited
May 14, 2008 ICRA assigns LA+ and A1 rating to the bank limits of Sanghvi Movers Limited
May 13, 2008 ICRA assigns LA+/A1 ratings to the Bank limits and fresh NCD Programme of Maytas
Infra Limited
May 12, 2008 ICRA downgrades the ratings assigned to the long term and short term debt
programmes of Hindustan Latex Limited
May 12, 2008 ICRA assigns A2 rating to fund based and non-fund based bank limits of Renaissance
Jewellery Ltd.
May 12, 2008 ICRA assigns highest credit quality ratings to the enhanced Certificates of deposits
programme of State bank of Mysore
May 9, 2008 ICRA withdraws ‘MAAA’ rating assigned to the Non Convertible Debenture Programmes
of Citicorp Maruti Finance Limited
May 9, 2008 Magma Shrachi Finance Limited
May 9, 2008 ICRA assigns stable outlook on LBBB+ rating to the USD 20.0 million bank loan of
QuEST Holding Co., Inc.
May 9, 2008 ICRA assigns conditional LAA+(SO) ratings to the PTCs under loan securitisation
May 7, 2008 ICRA reaffirms LAA rating to NCD programme of Finolex Industries Limited
May 7, 2008 ICRA assigns LBBB rating to the fund based limits and A2 rating to non-fund based
limits of Hindustan Tin Works Ltd.
May 7, 2008 ICRA assigns highest credit quality rating to schemes of SBI Mutual Fund
May 7, 2008 ICRA assigns LBBB and A3+ ratings to the bank lines of S. Kumars Nationwide Limited
May 7, 2008 ICRA assigns LBBB/ A2 ratings to the Bank Limits of S.P. Apparels Limited
May 7, 2008 ICRA assigns high credit quality rating to the non convertible debentures programme of
May 6, 2008 ICRA assigns LA+ rating to the fund based limits and A1+ rating to non fund based
limits of Torrent Cables Limited
May 6, 2008 ICRA assigns LA-/A1 ratings to the bank limits of CMS Computers Ltd.
May 6, 2008 ICRA assigns LBBB/ A3+ ratings to the Bank Limits of Sheetal Manufacturing Co.
May 6, 2008 ICRA places the LAA (SO) rating of Karnataka Water Supply and Sanitation Pooled
Fund on Watch with developing implications
May 6, 2008 ICRA assigns highest credit quality rating to bank limits of Neyveli Lignite Corporation
Limited
May 6, 2008 ICRA takes note of proposed Rs. 4.4 billion acquisition by the holding company of
Religare Finvest Limited; keeps the ratings on Religare Finvest unchanged
May 6, 2008 ICRA assigns LA/ A1 rating to Rico’s bank facilities
May 5, 2008 ICRA reaffirms high credit quality rating assigned to long-term Bonds and Fixed
Deposits Programme of HUDCO
May 1, 2008 ICRA assigns highest credit quality rating to the borrowing programme of IRFC
April 30, 2008 ICRA revises the outlook on Citifianacial’s Long Term ratings to Negative
April 30, 2008 ICRA assigns “A2+” and “LBBB+” ratings to the bank lines of ICOMM TELE LIMITED
April 30, 2008 ICRA assigns LA+/A1+ ratings to Kalyani Carpenter Special Steels Limited
April 29, 2008 ICRA assigns A1+ rating to Godrej Consumer Products Limited
April 29, 2008 ICRA assigns LA-/A1 ratings to Novodigm Limited’s bank lines
April 28, 2008 Update on Oriental Bank of Commerce
April 28, 2008 ICRA assigns a final LBBB+(SO) rating to the Rs. 5 billion Bond Programme of Punjab
Infrastructure Development Board
April 25, 2008 ICRA assigns IPO Grade 2 to the proposed IPO of Anu’s Laboratories Limited
April 24, 2008 ICRA assigns LAAA rating to HDFC Limiteds’ Rs. 250 billion long-term NCD programme
April 24, 2008 ICRA assigns A1+ rating to IOB’s enhanced certificate of deposits programme
April 23, 2008 ICRA assigns LBBB/A2 rating to Stumpp Schuele and Somappa Pvt. Ltd.
April 23, 2008 ICRA reaffirms highest credit quality rating to CP / STD programme of Ericsson India
Pvt. Ltd. for enhanced amount of Rs. 5 billion
April 22, 2008 ICRA assigns LAA/A1+ ratings to the bank limits of Bharat Bijlee Limited (BBL)
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April 22, 2008 ICRA assigns LAA/A1+ ratings to the bank limits of Bharat Bijlee Limited (BBL)
April 22, 2008 ICRA assigns LA-/A1 to the bank limits of ITD Cementation India Ltd.
April 21, 2008 ICRA assigns LA rating to Rs. 0.50 bn NCD programme of SRL Ranbaxy Limited (SRL)
April 21, 2008 ICRA assigns LA- rating to bank lines of Television Eighteen India Limited
January 1, 1900
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Ratings Till 20aug2010

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Rating / Grading Actions

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facilities of Modern Industries; assigns stable outlook

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Limited. Assigns stable outlook to long term rating

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Limited(erstwhile Daawat Foods Private Limited); assigns stable outlook

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assigns stable outlook

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Electricity Distribution Company Limited; reaffirms issuer rating of IrA-

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rating to NCD programme

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Nigam Limited (BSNL)

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2010 originated by Reliance Capital Limited.

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Limited to LBB (Stable)/A4

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assigns stable outlook

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AXIS Bank Limited

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Securitisation Series 9 Trust 2008

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assigns stable outlook

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