Corporate announcements

Easun Reyrolle Limited has informed the Exchange that ICRA (Credit Rating Agency) has revised the ratings for debts raised by us through banks.

Gujarat Alkalies And Chemicals Limited has informed the Exchange that Credit Analysis & Research Ltd. (CARE) reaffirmed rating of :(i) "Care AA" [Double A] for Long Term Facilities of Rs.401.33 Crore for tenure of more than one year.(ii) "Care A1+" [A One Plus] for Short Term Facilities of Rs.45.00 Crore for tenure up to one year; and (iii) "Care A1+" [A one Plus] for Commercial Paper/ short term Debt Issue for an amount aggregating to Rs.100 Crore for a maturity not exceeding one year.

Reliance Power Limited has informed the Exchange that the Company's rating for the commercial paper programme of Rs 1000 Crore has been revised by ICRA Limited to (ICRA)A1 (Pronounced ICRA A one). The revised rating indicates that instruments with this rating have a very strong degree of safety regarding timely payment of financial obligations and they also carry the lowest credit risk.

Heg Limited has informed the Exchange that ICRA Ltd vide its letter dated September 10, 2012 has revised the rating assigned to Rs.150 Crores Commercial Paper (CP) / Short Term debt (STD) Programme of the Company from "[ICRA] A1+" (pronounced ICRA A one plus) to "[ICRA] A1" (pronounced as ICRA A one). Instruments with "[ICRA] A1" rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk.

Indiabulls Financial Services Limited has informed the Exchange that ICRA, an associate of Moody's Investors Service, has reaffirmed "[ICRA] AA" rating to the Company's Long Term Debt Programme.

Reliance Mediaworks Limited has informed the Exchange that the Credit Analysis & Research Limited (CARE) has revised the rating of long term bank facilities and unsecured non-convertible debentures of the Company to CARE BB and reaffirmed the rating of secured non-convertible debentures to CARE AAA.

The Karnataka Bank Limited has informed the Exchange that the Credit rating agency - Care Analysis & Research Limited (CARE Ratings) has informed as under: CARE Rating: Revision in the rating from 'CARE A+[Single A Plus]' to 'Care, A [Single A]' for the lower Tier II Bonds of the bank for an outstanding amount of Rs. 350 Crore. Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of debt instruments. Such instruments carry low credit risk.

Ptc India Financial Services Limited has informed the Exchange that ICRA has revised the credit rating from [ICRA]A+ �to [ICRA]A (stable outlook) assigned to Rs 700 Crore Non-convertible Debenture (NCD) programme and Rs 425 Crore long term bank lines of PTC India Financial Services Limited (PFS). Further, PFS has withdrawn the Short Term Credit Rating for Commercial Paper Programme from ICRA as there is no amount outstanding against the instrument.

Anant Raj Industries Limited has informed the Exchange that Credit Analysis & Research (CARE) Limited vide its letter dated August 27, 2012, has revised the credit ratings of the Company as 'CARE BBB+ (Triple B Plus)' for the long term bank facilities of Rs. 930 Crores and for the long term NCDs of Rs.425 Crores, which had been issued by the Company on private placement basis.

Reliance Broadcast Network Limited has informed the Exchange that Credit Analysis & Research Limited has assigned 'CARE AAA (SO)' [Triple A (Structure Obligation)] ratings for the proposed long term non-convertible debenture issue of Rs. 150 crores of the Company. Instruments with this ratings are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such instruments carry lowest credit risk.

Shree Ganesh Jewellery House Limited has informed the Exchange that Credit Analysis & Research Limited (CARE) has revalidated and assigned the ratings to the various instruments of the Company.

Torrent Power Limited has informed the Exchange vide letter dated August 16, 2012 that the Company has been assigned credit rating of CRISIL AA/Stable for its Non-Convertible Debentures Programme of Rs. 550 Crores.

Panacea Biotec Limited has informed the Exchange vide letter dated August 07, 2012, regarding "Credit Rating for long-term bank facilities of Rs. 905.60 cr (reduced from Rs.1379.42 cr), and long term/short term bank facilities of Rs. 285.0 cr".

Insecticides (India) Limited has informed the Exchange that CRISIL Limited has reaffirmed Bank Loan Ratings to the company's bank facilities for the Long-term Rating ( Fund Based as Cash Credit/Term Loan/Overdraft and Working Capital Facility ) - CRISIL A/Stable and short-term Rating ( Non-fund Based as letter of Credit/Buyer's Credit) - CRISIL A1.

Pitti Laminations Limited has informed the Exchange that Credit Analysis and Research Limited, Hyderabad has awarded the ratings in respect of the Company's Banking facilities.

Pricol Limited has informed the Exchange that ICRA - Credit rating agency has upgraded the rating of the credit facilities of the Company.

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.

Asian Hotels (West) Limited has informed the Exchange that ICRA Limited has revised its rating for the NCD programme of the Company to [ICRA]BBB- (pronounced ICRA triple B minus) from [ICRA] BBB+ (pronounced ICRA triple B plus).

Innoventive Industries Limited has informed the Exchange that CARE has assigned the Company following revised credit ratings: (1) 'CARE A1' to the CP issue carved out of the working capital limits of the Company. (2) 'CARE A1+ (SO)' to the CP issue backed by SBLC from a Bank.

Websol Energy System Limited has informed the Exchange that the credit ratings assigned to the Company by Credit Analysis & Research Limited (CARE) have been reviewed based on the recent development and financial performance of Financial Year 2012 and they have revised the credit ratings, for the Bank facilities availed by the Company.

Amara Raja Batteries Limited has informed the Exchange vide letter dated July 06, 2012 that CRISIL has reaffirmed its rating for the bank facilities.

India Glycols Limited has informed the Exchange that Fitch Ratings has upgraded the Company's National Long-Term rating to 'Fitch A-(ind)' from 'Fitch BBB+(ind). The Outlook is Stable. The Company's short-term debt rating has also been upgraded to 'Fitch A2+(ind)' from 'Fitch A2(ind)'. The upgrade reflects the Company's improved credit metrics due to a consistent improvement in its profitability and revenue.

Remsons Industries Limited has informed the Exchange that ICRA Limited, an Associate of Moody's Investors Service has upgraded rating of the captioned Line of Credit (LOC) of the Company from Rs. 20.35 Crore to Rs. 21.45 Crore as under : (A) Long Term Rating from "(ICRA)BB+" (double B plus) to "(ICRA)BBB-(triple B minus)- Outlook: stable; (B) Short Term Rating from "(ICRA)A4+" (A four plus) to "(ICRA)A3"(A three)".

Housing Development And Infrastructure Limited has informed the Exchange vide letter dated June 30, 2012 that the Company have received the revised Credit Rating from CARE for its various securities.

Reliance Communications Limited has informed the Exchange that the Credit Analysis & Research Limited (CARE) has revised the long term rating of the Company at A+ level with credit watch and reaffirmed its rating of A1+ for Short Term Debt.

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.

Nhpc Limited has informed the Exchange that Fitch Ratings has revised the Outlook on NHPC's Long Term Issue Default Ratings (IDR) to Negative from Stable. Fitch has also affirmed NHPC's Long Term Foreign and Local Currency Issuer Default Ratings (IDRs) at "BBB-".

Punj Lloyd Limited has informed the Exchange that Credit Analysis & Research Ltd (CARE) has revised the rating from CARE AA- [Double A Minus] to CARE A+ [Single A Plus] for the long term facilities of the company. This rating is applicable to facilities having tenure of more than one year. Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk. Further CARE has reaffirmed the 'CARE A1+' [A One Plus] rating assigned to the short term facilities of the company. This rating is applic

Dwarikesh Sugar Industries Limited has informed the Exchange that credit rating agency ICRA has down graded the long term rating of the company from ICRA BB+ to ICRA D.

Hindustan Oil Exploration Company Limited has informed the Exchange that "ICRA, vide its letter number Surv/Chen/052/12-13, dated June 05, 2012 has reaffirmed the long-term rating of (ICRA) A+ (pronounced as ICRA A plus) for the line of credit and the outlook on the long-term rating is Stable".

Sundaram Brake Linings Limited has informed the Exchange that ICRA Limited vide its letter dated May 02, 2012 has reaffirmed the LA - (pronounced LA 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 also re-affirmed the A1 (pronounced A one) rating outstanding on the Rs.35 crores fund based Export Packing Credit facilities and the Rs.3 crores non-fund based facilities of the Company. ICRA has withdrawn the LA- rating outstanding on the Rs.3.68 crore term loan facility, at the reque

Gujarat Pipavav Port Limited has informed the Exchange that the Company's long term credit rating has been Reaffirmed at CRISIL A+ with Stable Outlook and short term credit rating has been upgraded to CRISIL A1+ (from CRISIL A1).

Great Offshore Limited has informed the Exchange vide its letter dated May 23, 2012 regarding "Review of Credit Rating for Bank Facilities".

Kothari Sugars And Chemicals 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: (1) Debt Programme: Rated on Long Term Scale; Rating: [ICRA] BBB; (2) Debt Programme: Rated on Short Term Scale; Rating: [ICRA] A2.

Future Capital Holdings Limited has informed the Exchange that Credit Analysis & Research Limited ("CARE") has assigned 'CARE AA-'(Double A Minus) rating to the Company's NCD programme for an enhanced limit of Rs. 1050 Crore (enhanced from Rs.600 Crore). It Is highlighted that instruments with the aforesaid rating are considered to have a high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.

Parrys Sugar Industries Limited has informed the Exchange that ICRA has earlier assigned the long term rating of [ICRA] BBB+ (Pronounced as ICRA triple B Plus) and Short term ratings of [ICRA] A2 (Pronounced as ICRA A two) to the Rs.723.72 Crores bank lines of the Company. ICRA has now communicated that the long term rating of [ICRA] BBB+ (Pronounced as ICRA triple B Plus) and Short term ratings of [ICRA] A2 (Pronounced as ICRA A two) assigned earlier have been kept on "watch with negative implications".

Nhpc Limited has informed the Exchange that the credit rating agency, Standard & Poor's has reaffirmed the long term issuer credit rating of NHPC as "BBB-" and also revised the outlook to Negative from Stable.

Ramky Infrastructure Limited has informed the Exchange that CRISIL has revised its rating outlook on the long-term bank facilities of Ramky Infrastructure Ltd to 'Negative' from 'Stable', while reaffirming the rating at 'CRISIL A+'; the rating on the company's short-term bank facility has been reaffirmed at 'CRISIL A1'.

India Glycols Limited has informed the Exchange that Fitch Ratings India has revised India Glycols Limited's Debt outlook to positive from stable. Its National Long-Term rating has been affirmed at "Fitch BBB+(Ind)". The out-look revision reflects India Glycols Limited's improved credit metrics on the back of strong revenue growth and consistent improvement in operating profitability.

Jaiprakash Power Ventures Limited has informed the Exchange that Credit Analysis & Research Ltd. (CARE) has reaffirmed : (1) "CARE BBB+" (Triple B Plus) rating assigned to the long term bank facilities of Rs.16,632.49 crore (enhanced from Rs.8,823.83 crore). This rating is applicable to facilities having tenure of more than one year. Instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk; (2) "CARE A (SO)" (Single A (Structured Obligation) has been assigned to Zero Coupon Non

Tata Power Company Limited has informed the Exchange vide its letter dated April 09, 2012 that CRISIL Limited has reaffirmed the rating on the long-term bank facilities and debt instruments of the Company at 'CRISIL AA', but revised its rating outlook to 'Stable' from 'Positive'. The rating on the Company's short-term facilities and debt programme has been reaffirmed at 'CRISIL A1+'.

Wipro Limited has informed the Exchange that Standard and Poor (S&P) have upgraded the Long Term corporate credit rating of Wipro Limited from BBB (outlook positive) to BBB+ (outlook Stable).

Bharat Electronics Limited has informed the Exchange that ICRA has reaffirmed the following credit ratings of the Company for the year 2012-13 : (1) Long-term rating of [ICRA]AAA (pronounced ICRA triple A) to Rs. 200 Crores fund based bank limits; (2) Short-term rating of [ICRA]A1+ (pronounced ICRA A one plus) to Rs.1600 Crores non-fund based bank limits; (3) Short-term rating of [ICRA]A1+ (pronounced ICRA A one plus) to Rs. 5 Crores short-term debt programme. The outlook on the long-term rating is 'stable'. These ratings indicate the highest credit quality in the long and short-term. The inst

Dlf Limited has informed the Exchange vide its letter dated March 30, 2012 that ICRA has assigned Credit Rating to the Company's bank facilities and NCD programme.

Flexituff International Limited has informed the Exchange that M/s Credit Analysis and Research Limited (CARE) has upgraded credit rating for long term and short term bank facilities to Company from CARE BBB to CARE BBB+ (Triple B plus) & CARE A3 to CARE A3+ respectively (which indicates moderate degree of safety regarding timely servicing of financial obligations).

Websol Energy System Limited has submitted to the Exchange, vide letter dated March 23, 2012 "Information about Credit Rating for Bank Facility".

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]' to CARE A+ [Single A plus].

Transformers And Rectifiers (India) Limited has informed the Exchange vide its letter dated March 26, 2012 that CARE Ratings has assigned Ratings to the STD/CP Issue (Short Term Debt/Commercial Paper) and Long Term Short Term Banking Facilities of the Company.

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

Reliance Communications Limited has informed the Exchange that ICRA Limited has revised the long term rating of the Company at A+ level with stable outlook for Long Term Fund based / Non Fund Based Limits and reaffirmed its rating of A1+ for Short Term Fund Based / Non Fund Based limits.