Corporate announcements

Educomp Solutions Limited has informed the Exchange that Credit Analysis & Research Limited (CARE Ratings) has communicated 'CARE D' (Single D) rating for the Company's Long-term/Short-term Bank Facilities and the Non Convertible Debentures.

Torrent Power Limited has informed the Exchange that CRISIL has reaffirmed the credit rating at "CRISIL AA" on the debt programme and bank facilities of the Company, with revision in rating outlook to "Negative" from "Stable". The rating on the Company's short-term bank facilities and debt programme has also been reaffirmed at "CRISIL A1+".

Firstsource Solutions Limited has informed the Exchange that CRISIL has upgraded its corporate credit rating of the Company to 'CCR BBB+' from 'CCR BBB'. The rating on Company's short-term bank facilities has also been upgraded to 'CRISIL A2' from 'CRISIL A3+'.

Transformers And Rectifiers (India) Limited has informed the Exchange that CARE Ratings has assigned Rating to the Long Term/Short Term Bank Facilities and Short Term Bank Facilities of the Company.

Firstsource Solutions Limited has informed the Exchange that the assignment of credit rating to the Company by CARE Ratings.CARE Ratings has assigned a 'CARE BBB+' (Triple B Plus) rating to Company's long-term bank facilities. Instruments with this rating are considered to have a moderate degree of safety regarding the timely servicing of financial obligations and carry moderate credit risk.CARE Ratings has also assigned a 'CARE A3+' (A3 Plus) rating to the Company s short-term bank facilities.

KCP Limited has informed the Exchange vide letter dated June 28, 2013 regarding assignment of the rating by CRISIL.

V-Mart Retail Limited has informed the Exchange regarding upgrade in Credit Ratings of Bank Facilities to "A-"

Development Credit Bank Limited has informed the Exchange that "CRISIL has assigned a "CRISIL A1+" (pronounced "CRISIL A one plus") rating for the Rs.10.00 billion Certificates of Deposit programme (enhanced from Rs.5.00 billion)".

Amara Raja Batteries Limited has informed the Exchange that CRISIL has upgraded the long-term loan facilities to "CRISIL AA+/stable" from CRISIL AA/stable and reaffirmed its rating for the short-term loan facilities.

Apollo Tyres Limited has informed the Exchange that Crisil has revised its long term rating on the Bank facilities and other debt Programmes of Company to "CRISIL A " FROM " CRISIL AA" and short-term rating to "CRISIL A1" from " CRISIL A1+".

Parrys Sugar Industries Limited has informed the Exchange that ICRA has reaffirmed the Long term ratings at [ICRA] BBB+ (Pronounced as ICRA triple B Plus) and Short term ratings at [ICRA] A2 (Pronounced as ICRA A two). The outlook on the long term rating has been revised from Negative to Stable. The aforesaid ratings are valid till December 31, 2013.

Tree House Education & Accessories Limited has informed the Exchange regarding "Credit Rating upgraded from BBB+ (Crisil) to A- (CARE)".

India Motor Parts and Accessories Limited has informed the Exchange that ICRA Limited has awarded India Motor Parts & Accessories Limited with its Credit ratings.

Sundaram Brake Linings Limited has informed the Exchange that ICRA Ltd vide its letter dated May 17, 2013, has reaffirmed the [ICRA] A - (pronounced ICRA A minus) rating outstanding on the outstanding Rs. 40 crores fund based facilities of the Company and has stated that the outlook on the long-term is stable. ICRA has downgraded the short-term rating to [ICRA] A2+ (pronounced ICRA A two plus) rating from the existing [ICRA] A1 (pronounced A one) for the Rs. 35 crores fund based Export Packing Credit facilities and the Rs. 3 crores non-fund based facilities of the Company.

Eros International Media Limited has informed the Exchange vide letter dated May 29, 2013 that the Company has been assigned rating from CRISIL.

Surana Telecom and Power Limited has informed the Exchange, vide letter dated May 24, 2013 regarding Revision in Credit Ratings.

Jindal Photo Limited has informed the Exchange vide letter dated May 20, 2013 regarding "Rating by India Ratings & Research (Ind-Ra) a Fitch Group company".

Network18 Media & Investments Limited has informed the Exchange that ICRA Limited - the Credit Rating Agency, has assigned the credit rating to the Commercial Paper of Rs.100 Crore of the Company (Credit enhanced by way of guarantee/stand-by facility from Yes Bank Limited) as "[ICRA] A1 + (SO)" (Pronounced ICRA A one plus Structured Obligation). In terms of the rating of ICRA, its A1 ratings are considered to have very strong degree of safety regarding timely payment of financial obligations and such instrument carry lowest credit risk.

Trent Limited has informed the Exchange vide letter dated May 09, 2013 regarding "Reaffirmation of Credit Ratings".

Tribhovandas Bhimji Zaveri Limited has informed the Exchange vide letter dated May 08, 2013, regarding "Intimation about the review of the Credit Rating to the bank facilities of the Company received from CRISIL".

Educomp Solutions Limited has informed the Exchange that Credit Analysis & Research Ltd (CARE Ratings) and Ind-Ra (Fitch) has communicated Credit Ratings to the Company's long term and Short term facilities.

Cipla Limited has informed the Exchange that India Ratings & Research Private Limited, a Fitch Group Company has assigned a 'IND A1+' rating to the Company's Rs.1000 crores Commercial Paper/Short Term Debt Programme.

Balrampur Chini Mills Limited has informed the Exchange vide letter dated April 22, 2013 that ICRA Ltd, after due consideration, has upgraded/ reaffirmed the rating of the instruments of the Company.

Praj Industries Limited has informed the Exchange that CRISIL has reaffirmed its rating on Company as follows; (1) Facility: Cash Credit; Rating: CRISIL AA/Stable. (2) Facility: Letter of Credit & Bank Guarantee; Rating: CRISIL A1+. (3) Facility: Proposed Long Term Bank Loan Facility; Rating: CRISIL AA/Stable.

Educomp Solutions Limited has informed the Exchange vide letter dated April 16, 2013 regarding Ratings for Secured NCD issue.

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 Kothari Petrochemicals Limited as per the details given below : (1) Debt Programme : Rated on Long Term Scale, Rating : [ICRA] BBB+; (2) Debt Programme : Rated on Short Term Scale, Rating : [ICRA] A2. The Out Look on the long term rating has been revised to Negative.

Shanthi Gears Limited has informed the Exchange that ICRA has upgraded the Long term Credit rating to (ICRA) AA from (ICRA) AA- for a value of Rs.35 Cr. and re-affirmed the short term credit rating at (ICRA) A1+ for a value of Rs.15 Cr.The ratings cover the banking facilities of the Company.

MMTC Limited has informed the Exchange that Credit Analysis & Research Limited (Credit Rating Agency) have reaffirmed the rating of CARE AA (Double A) in respect of Long term bank facilities and CARE A1+ (A One plus) in respect of Short Term Bank Facilities being given to MMTC Ltd.

DLF Limited has informed the Exchange vide letter dated April 03, 2013 regarding "Re-affirming of Rating by ICRA".

Redington (India) Limited has informed the Exchange that CRISIL has communicated the change in its ratings on the long-term bank facilities of the Company to 'A+ /Stable' from 'AA- / Negative' and reaffirmed its existing rating on the short-term bank faclities and short term debt programme at A1+' (the highest rating in this category).

Zensar Technologies Limited has informed the Exchange regarding reaffirmation of Credit rating assigned to the Company by ICRA Limited for short and long term debt instruments : (1) "LAA" (pronounced as ICRA double A) Credit Rating for long term debt instruments; (2) "A1+" (pronounced as ICRA A one plus) credit rating for Short Term Debt Instrument.

Raymond Limited has informed the Exchange regarding the revision in their CARE RATINGS assigned to the Long Term Bank Facilities and Instruments of the Company and its two subsidiaries viz. Celebrations Apparel Limited and Everblue Apparel Limited.

Bharat Electronics Limited has informed the Exchange vide letter dated March 28, 2013 regarding ICRA reaffirms highest credit ratings.

Bata India Limited has informed the Exchange vide letter dated March 21, 2013 regarding Revision in Credit Ratings.

Reliance Broadcast Network Limited has informed the Exchange that since there is no amount outstanding against the rated instruments, ICRA Limited ('ICRA') upon request from Reliance Broadcast Network Limited (RBNL) has withdrawn the [ICRA]BBB (pronounced ICRA triple B) rating with stable outlook assigned to the Rs. 115.0 crore, long-term, fund-based facilities and the Rs. 35.0 crore, long-term, non-fund based facilities of RBNL, as the Company has fully redeemed the instruments on maturity. Further, since RBNL has not raised funds against the rated instruments and there is no amount outstandi

Housing Development and Infrastructure Limited has informed the Exchange vide letter dated March 20, 2013, regarding "Credit rating for existing Long Term as well as Short Term Non-Convertible Debentures".

Sadbhav Engineering Limited has informed the Exchange that rating agency Credit Analysis & Research Ltd. (CARE) has reaffirmed the rating of 'CARE A +' [Single A plus] to the proposed issue of non-convertible debenture (NCD) of the Company upto Rs. 200.00 crores. Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.

PVR Limited has informed the Exchange that Credit rating agency CRISIL has reaffirmed the ratings on the non-convertible debenture programme and term loans of PVR Ltd at 'CRISIL A+/Stable. Further, ICRA has also removed the Rs. 40 crore '[ICRA]A1+ rating' for the commercial paper programme of PVR Limited from 'watch with developing implications'. The aforesaid removal of rating watch follows the successful completion of PVR's acquisition of 69.27% stake from the promoters of Cinemax India Limited (CIL) and subsequent 23% through an open offer taking its total holding in CIL to 93%."

Gulf Oil Corporation Limited has informed the Exchange that ICRA Limited has assigned/ reaffirmed the ratings to the various Loans/ Facilities of the Company.

Automotive Stampings and Assemblies Limited has informed the Exchange that CRISIL has reaffirmed the Rating of "CRISIL A/Stable" for the Long Term borrowings and "CRISIL A1" for Short Term borrowings of the Company.

Network18 Media & Investments Limited has informed the Exchange that ICRA Limited - the Credit Rating Agency, has affirmed the Credit Rating for the Fixed Deposit Programme of the Company as "MA-" (Pronounced MA minus). Further this rating was earlier placed under "Rating Watch with Developing Implications", has now been taken off and a "Stable" outlook has been assigned to the above rating. Further, the long term rating for the Company's Rs. 100 Crores bank facilities has also been revised by ICRA Limited from earlier BBB- (pronounced ICRA triple B minus] to BBB+ (pronounced ICRA triple B plu

Capital First Limited has informed the Exchange that Credit Analysis & Research Limited ("CARE") has assigned 'CARE AA' (Double A) rating to the Company's proposed Perpetual Debt Issue for an enhanced limit of Rs. 150 Crore (enhanced from 100 Crore).

M AND B Switchgears Limited has informed the Exchange that the Company has been rated 2A grade by ICRA (Credit Rating Agency) and the Company became the Official Channel Partner of "Ministry of New and Renewable Energy (MNRE) for off grid Solar applications.

HEG Limited has informed the Exchange that India Ratings & Research Private Ltd (Fitch Group) vide its letter dated March 05, 2013 affirmed the Short Term Rating of Working facilities at 'IND A1+' and has downgraded Long Term Issuer rating to 'IND A+' from 'IND AA-'. The outlook is rated as Stable.

Transformers And Rectifiers (India) Limited has informed the Exchange that Care Ratings has assigned Rating to the Long Term/Short Term Bank Facilities and Short Term Bank Facilities of the Company.

West Coast Paper Mills Limited has informed the Exchange that Credit Analysis and Research Limited, Mumbai has revised rating of the Company for Long-term Bank Facilities from 'CARE A' (Single A) to 'CARE BBB+' (Triple B Plus) and for Short-term Bank Facilities from 'CARE A1' (A One) to 'CARE A2' (A Two).

Cox & Kings Limited has informed the Exchange that Credit Analysis & Research Ltd (CARE), the Rating Agency, has reaffirmed and enhanced the Commercial Paper issue carved out of sanctioned working capital limit of the Company from the existing Rs. 75 Crores to Rs. 200 Crores. The Rating has been reaffirmed as CARE A1+ (A One Plus). Instruments with this rating indicate very strong capacity for timely payment of financial obligations and carry lowest credit risk. CARE has also reaffirmed and enhanced the short term bank facilities of the Company from existing Rs. 45 Crores to Rs. 145 Crores. Th

Capital First Limited has informed the Exchange that Brickwork Ratings India Pvt. Ltd. ("BWR") has assigned 'BWR AA (Pronounced BWR Double A)' rating to the Company's proposed Perpetual Debt Issue of Rs. 150 Crores and Credit Analysis & Research Limited ("CARE") has assigned 'CARE AA' (Double A) rating to the Company's proposed Perpetual Debt Issue of Rs. 100 Crores.

Hindustan Oil Exploration Company Limited has informed the Exchange that ICRA, has revised the long term rating from [ICRA]A+ (pronounced as ICRA A plus) to [ICRA]A- (pronounced as ICRA A minus) for the line of credit and the outlook on the long term rating is Stable.

Development Credit Bank Limited has informed the Exchange that CRISIL has upgraded its rating on Development Credit Bank Ltd's (DCB's) Lower Tier-Il bonds to 'CRISIL A-/Stable' from 'CRISIL BBB+/Positive'; the rating on DCB's certificate of deposits programme has been upgraded to 'CRISIL A1+' from 'CRISIL A1'.