Corporate announcements

Mahindra & Mahindra Limited has informed the Exchange that ICRA has upgraded Long-term rating for Non-Convertible Debenture programme and bank facilities of Mahindra & Mahindra Limited to [ICRA]AAA (stable) (pronounced ICRA triple A).The rating indicates highest degree of safety regarding timely servicing of financial obligations.

Edelweiss Financial Services Limited has informed the Exchange that Crisil Limited vide its letter dated September 05, 2014 has assigned 'CRISIL A1+' (CRISIL A one plus) to the Company's proposed Short Term Debt Issue of Rs.20 billion. The instruments with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations and carry lowest credit risk.

Gujarat Alkalies and Chemicals Limited has submitted to the Exchange a copy of letters of Credit Analysis & Research Ltd. (CARE), who has reviewed/reaffirmed the ratings.

Sobha Developers Limited has informed the Exchange that ICRA Limited has upgraded the long-term rating of the Company to [ICRA] A (Stable) from [ICRA] A- (Stable) in respect of the various Fund and Non-Fund Based Credit Facilities sanctioned to the Company.

PC Jeweller Limited has informed the Exchange regading the Reaffirmation of ratings of Bank Facilities by CRISIL Limited.

Eros International Media Limited has informed the Exchange that the Company has been assigned rating from CARE.

Ruchira Papers Limited has informed the Exchange that Credit Rating of the Company has been upgraded from CARE BB+ (Double B Plus) to CARE BBB- (Triple B Minus) assigned to long term facilities and CARE BBB-/CARE A3 assigned to short term facilities of the Company.

Indiabulls Housing Finance Limited has informed the Exchange that the rating committee of the rating agency CARE Ratings has upgraded its rating to "CARE AAA" from its earlier assigned rating "CARE AA+" to the Long Term Debt Programme of Indiabulls Housing Finance Limited. Further, CARE has reaffirmed its "CARE AA+" rating to the Subordinate Debt Programme and its "CARE AA" rating to the Perpetual Debt Programme of Indiabulls Housing Finance Limited. CARE has also reaffirmed its "CARE AA+" rating to the Long Term Debt Programme (for Non Convertible Debentures) of Indiabulls Infrastructure Cred

Hindustan Oil Exploration Company Limited has informed the Exchange that ICRA has assigned rating of [ICRA]BBB+ (pronounced as ICRA triple B plus) for the existing line of credit and the outlook on the long term rating is Stable. The aforesaid rating is valid till October 31, 2014.

Dolphin Offshore Enterprises (India) Limited has informed the Exchange that CRISIL vide its letter no dated July 14, 2014 has revised the Credit Ratings on the bank facilities of the Company,

Dynamatic Technologies Limited has informed the Exchange that the Rating Committee of ICRA Limited has upgraded the long term rating for the captioned line of Credit from [ICRA] BB+ (pronounced ICRA doubled B plus) to [ICRA] BBB- (pronounced ICRA triple B minus) and the Rating Committee of ICRA has also upgraded the short term rating for the captioned line of Credit from [ICRA] A4+ (pronounced ICRA A four plus) to [ICRA] A3 (pronounced ICRA A three).

Remsons Industries Limited has informed the Exchange vide letter dated August 09, 2014 regarding "ICRA Credit Rating on annual basis for Rs.18.70 Crore (revised from Rs.19.70 Crore) Bank Lines of Credit".

Kitex Garments Limited has informed the Exchange that ICRA credit rating upgraded the long term rating of the captioned LOC from ICRA A minus to ICRA A Plus and that of short term rating from ICRA A two plus to ICRA A one with a comment that the outlook on the long term rating is stable.

Ashoka Buildcon Limited has informed the Exchange that CRISIL has upgraded its ratings on the Bank facilities and Debt Programme of the Company.

Dwarikesh Sugar Industries Limited has informed the Exchange that the Company rating for Bank Facilities of Rs. 599.99 crs has been upgraded by ICRA from "ICRA B" to "ICRA B+.

HCL Technologies Limited has informed the Exchange that CRISIL has upgraded the credit rating of the Company in respect of the Secured, Non Convertible Debentures of the Company to CRISIL AAA/Stable (Upgraded from CRISIL AA+/Stable).

SJVN Limited has informed the Exchange that India Ratings & Research (Ind-Ra) has assigned Company a Long Term Issuer Rating of "IND AA+" with stable outlook. The agency has also assigned the company's INR 4,000 million term loans an "IND AA+".

IG Petrochemicals Limited has informed the Exchange regarding "Credit Rating for Short Term/Long Term Bank Facilities".

KCP Sugar and Industries Corporation Limited has informed the Exchange regarding the Credit rating for Bank Facilities and Fixed Deposit programme.

Ramkrishna Forgings Limited has informed the Exchange that the Long Term rating of the Company has been upgraded from BBB+ (negative Outlook) to BBB+ (Stable Outlook) by Crisil.

Praj Industries Limited has informed the Exchange regarding the Review of CRISIL Rating for the bank facilities of Praj Industries Limited.

Corporation Bank has informed the Exchange with reference to the earlier letter dated 7th July 2014 on the revision in ratings by CARE. The first para of the letter may kindly be read as follows : This is to inform that CARE has reviewed the credit ratings and reaffirmed the CARE AAA rating assigned to Lower Tier II Bonds of the Bank. In respect of Upper Tier-II Bonds and Perpetual Bonds the rating has been revised one notch lower to CARE AA+ from CARE AAA earlier.

Corporation Bank has informed the Exchange that CARE has reviewed the credit ratings and reaffirmed the "CARE AAA" rating assigned to Lower Tier II Bonds of the Bank. In respect of Upper Tier-II Bonds and Perpetual Bonds the rating has been revised one notch lower to CARE AAA from CARE AA+ earlier.

Patel Integrated Logistics Ltd has informed the Exchange that India Ratings & Research Private Ltd (India Ratings), a Fitch group Company has affirmed National long term credit rating 'IND BBB-' [outlook stable] for Company's fund based borrowings & finance lease and 'IND A3' [outlook stable] rating for its non fund based borrowings from the banks. India Ratings has also assigned credit rating 'IND tA-' (adequate safety) for its Fixed Deposit Programme.

Automotive Stampings and Assemblies Limited has informed the Exchange that CRISIL has revised the Rating to (a) CRISIL A-/Stable for the Long Term borrowings; and (b) CRISIL A2+ for Short Term borrowings of the Company.

Vaibhav Global Limited has informed the Exchange that Credit rating has been revised from CARE BB+ (Double B plus) to CARE BBB (Triple BBB) assigned to the long term facilities and from CARE M+ ( A Four Plus) to CARE A3+(A Three Plus) assigned to the short term facilities of the Company.

Dewan Housing Finance Corporation Limited has informed the Exchange that the Credit Analysis & Research Ltd.(CARE) vide its letter dated June 26, 2014, have upgraded the ratings assigned to the long term bank facilities and other instruments/securities of the Company.

Kothari Sugars And Chemicals Limited has informed the Exchange vide letter dated June 16, 2014 regarding the Credit Rating by ICRA.

TV18 Broadcast Limited has informed the Exchange that ICRA Limited (ICRA) - the Credit Rating Agency, has revised the credit rating in respect of Commercial Paper facility of Rs 200 Crore of the Company as "[ICRA]A1+" (Pronounced ICRA A one plus).

Jamna Auto Industries Limited has informed the Exchange that ICRA has upgraded ratings of Company for line of credit on long term scale from [ICRA]BBB- (pronounced ICRA triple B minus) to [ICRA]BBB (pronounced ICRA triple B) and line of credit on short term scale from [ICRA]A3 (pronounced ICRA A three) to [ICRA]A2 (pronounced ICRA A two).

Edelweiss Financial Services Limited has informed the Exchange that CRISIL has assigned a 'CRISIL A1+' (CRISIL A one plus) to the Company's proposed Short Term Debt Issue amounting of Rs. 10 billion. The instruments with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations and carry lowest credit risk.

Prakash Constrowell Limited has informed the Exchange regarding Credit Rating obtained by the Company from Brickwork Ratings India Pvt. Ltd. dated May 28, 2014.

SRS Limited has informed the Exchange that ICRA Limited has assigned its ratings to the Bank Facilities and Fixed/Public Deposits programme of the Company as under: 1. Long Term rating for Line of Credit (LOC) - BBB (Stable) 2. Short Term rating for Line of Credit (LOC) - A3+ 3. Fixed Deposit - MA-(Stable)

Bharat Forge Limited has informed the Exchange vide letter dated May 28, 2014 regarding Credit Rating Upgraded.

Thomas Cook (India) Limited has informed the Exchange that ICRA has reaffirmed the (ICRA]AA- (pronounced ICRA double A minus) rating assigned to the Rs. 200.0 crore Non- Convertible Debenture Programme of Thomas Cook (India) Limited ('TCIL' or 'the Company') and removed the 'Rating Watch with Developing Implications'. The outlook on the rating is 'stable'. CRISIL has removed its ratings on the debt instruments and bank facilities of Thomas Cook (India) Ltd (TCIL) from 'Rating Watch with Developing Implications' and reaffirmed the ratings at 'CRISIL AA-/CRISIL A1+'; the rating outlook is "Stabl

Andhra Bank has informed the Exchange that M/s India Rating & Research Limited, a FITCH Group Company, during their review of ratings of the Subordinated Debt Bonds (V, VI and VII Issues) raised by the Bank, have reaffirmed the ratings at 'IND AA/Outlook Stable (pronounced " Double A with Stable Outlook") and that the said rating indicates high degree of safety with regard to timely servicing of financial obligations amd that the instruments with this rating carry very low credit risk.

SRS Limited has informed the Exchange the rating received from CRISIL for Bank Facilities as BBB/Stable and for Fixed/Public Deposit as FA-/Stable.

Noida Toll Bridge Company Limited has informed the Exchange that Credit Analysis & Research Limited (CARE) has, in their annual review, revised The rating for the Company' s Deep Discount Bonds (DDBs) from 'CARE A+ [Single A Plus]' lo CARE AA- [Double A Minus].

Kothari Petrochemicals Limited has informed the Exchange regarding the Credit Rating Certificate received from ICRA Limited for debt borrowing programme of Line of Credit of the Company.

Oberoi Realty Limited has informed the Exchange that Credit Analysis & Research Limited (CARE) has assigned ratings as under: 1. 'CARE A1+' for instruments with a maturity not exceeding one year upto Rs. 100 Crore of Oberoi Realty Limited. Instruments with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk. 2. 'CARE AA+ (SO)' for long-term instruments upto Rs. 750 Crore of Incline Realty Private Limited, a wholly owned subsidiary of Oberoi Realty Limited. Instruments with this rating are

India Motor Parts and Accessories Limited has informed the Exchange that ICRA Limited has re-affirmed India Motor Parts & Accessories Limited with its Credit ratings as under: Ratings - Long term Scale Nature of Facility Amount (in Rs.Crores) Rating Cash Credit Limit & Bank Guarantee 20.25 [ICRA]AA (stable) Ratings - Short term Scale Nature of Facility Amount (in Rs.Crores) Rating Letter of Credit - as a sub-limit of CC (10.00) [ICRA]A1+.

Corporation Bank has informed the Exchange that CRISIL has reviewed the credit ratings in respect of the Bonds of the Bank and reaffirmed the CRISIL AAA rating in respect of Lower Tier-II Bonds (under Basel II), revising the outlook to Negative from Stable , and downgraded its rating on the Bank's Tier-I Perpetual Bonds and Upper Tier- II Bonds (both under Basel II) to CRISIL AA+/Negative from CRISIL AAA/Stable . The ratings on the Bank s Fixed Deposit Programme and Certificate of Deposit Programme have been re-affirmed at FAAA/Stable and CRISIL A1+ , respectively.

Pricol Limited has informed the Exchange, vide letter dated April 15, 2014 regarding the Revision in Ratings.

Sutlej Textiles and Industries Limited has informed the Exchange vide letter dated April 15, 2014 regarding "Long Term Issuer Rating India Ratings & Research (Ind-Ra) to Sutlej Instruments".

Havells India Limited has informed the Exchange that CARE has assigned a credit rating of CARE AA+ to the Fixed Deposit (FD) programme of the Company.

Sundaram Brake Linings Limited has informed the Exchange that ICRA Limited vide its letter dated March 31, 2014, has reaffirmed the [ICRA] A- (pronounced ICRA A minus) rating outstanding on the outstanding Rs. 50 crores fund based facilities of the Company and has stated that the outlook on the long-term is stable. ICRA has also reaffirmed the short-term rating of [ICRA] A2+ (pronounced ICRA A two plus) for the Rs. 35 crores fund based Export Packing Credit facilities and the Rs. 3 crores non-fund based facilities of the Company.

Bharat Electronics Limited has informed the Exchange that ICRA has reaffirmed the following credit ratings of the Company for the year 2014-15: 1. Long-term rating of [ICRA]AAA (pronounced ICRA triple A) to Rs. 200 cr fund based bank limits. 2. Short-term rating of [ICRA]A1+ (pronounced ICRA A one plus) to Rs. 2700 cr non-fund based bank limits. 3. Short-term rating of [ICRA]A1+ (pronounced ICRA A one plus) to Rs. 5 cr short-term debt programme.

Firstsource Solutions Limited has informed the Exchange that CARE Ratings has upgraded its Long Term rating of the Company to 'CARE A-' from 'CARE BBB+'. The rating on the Company s short-term bank facilities has also been upgraded to CARE A2+ from CARE A3+ .

PTC India Financial Services Limited has informed the Exchange that Crisil has assigned its highest rating "CRISIL A1+" (pronounced as CRISIL A one plus) to the proposed Short Term Debt Programme (including Commercial Paper) and "Crisil A+/Stable"(pronounced as CRISIL A plus rating with Stable outlook) to the proposed Non-Convertible Debenture of the Company.

Sanghvi Forging and Engineering Limited has informed the Exchange that with reference to the letter dated March 27, 2014 received from Credit Analysis & Research Limited (CARE) relating to revision of rating assigned to the various facilities to the Company, the following is the revised ratings: (1) Long Term : CARE BB- (2) Short Term : CARE A4