Corporate announcements

Godrej Consumer Products Limited has informed the Exchange that ICRA has assigned a rating of "A1+" (Pronounced as A one plus) for the Company's non convertible debenture programme of Rs.200 crore. This rating is the highest-credit-quality rating assigned by ICRA.

Cadila Healthcare Limited has informed the Exchange that "CRISIL has assigned a 'AA+/Stable' (pronounced 'double A plus with stable outlook') rating for the Rs.2500 Million Non-Convertible Debenture Programme of the Company. This rating indicates high degree of safety with regard to timely payment of interest and principal on the instrument".

Titan Industries Limited has informed the Exchange that ICRA has reaffirmed the LAA (pronounced as L Double A) rating assigned to the Rs. 52.83 crore non-convertible debenture (NCD) programme, Rs. 100 crore bond programme, Rs. 50 crore term loan programme and Rs. 200 crore fund based limits of the Company. Further, ICRA has reaffirmed the A1+ (pronounced as A One Plus) rating assigned to the Rs. 1,500 crore non-fund based limits and Rs. 10 crore Commercial Paper program of the Company.

Mirc Electronics Limited has informed the Exchange that Credit Rating and Information Services of India Limited (CRISIL) has assigned its "P1" rating to Commercial Paper programme of the Company and reaffirmed its ratings on Bank facilities at "A/Stable/P1" of the Company.

Indiabulls Power Limited has informed the Exchange that the Rating Committee of ICRA has assigned "Ir BBB" (pronounced IR triple B) issuer rating to the Company. The rating has been assigned a 'Stable outlook' and is an opinion on the general creditworthiness of the Company and not specific to any particular debt instrument.

Zensar Technologies Limited has informed the Exchange that the Credit Rating assigned to the Company by ICRA Limited (ICRA) for Bank line of Credit of US $ 48 Million and Rs. 40 Crores. ICRA has reaffirmed the long term rating at "LAA" implying high credit quality and low credit risk and also reaffirmed the short term rating at "A1+" Implying highest credit quality and lowest credit risk.

Kei Industries Limited has informed the Exchange that Credit Analysis & Research Ltd (CARE) has reaffirmed the 'CARE BBB+' (triple B Plus) rating assigned to the Long Term facilities availed by the Company. This rating is applicable to facilities having tenure of more than one year. Facilities with this rating are considered to offer moderate safety for timely servicing of debt obligations. Such facilities carry moderate credit risk. Further, CARE has reaffirmed the 'PR 2+' (PR Two Plus) rating for the Short Term facilities availed by the Company in the form of Non-fund based limits and Short

Ifgl Refractories Limited has informed the Exchange that Credit Analysis & Research Ltd (CARE) has recently confirmed having retained CARE A+ (Single A Plus) and PR1+ (PR one plus) rating assigned to Company's long / medium and short term facilities aggregating to Rs 86.37 Crores. While CARE A+ rating is applicable to facilities having tenure of more than one year, PR1+ rating is applicable to facilities having a tenure of upto one year. Facilities with CARE A+ rating are considered to offer adequate safety for timely servicing of debt obligations. Such facilities carry low credit risk. Facili

Indiabulls Power Limited has informed the Exchange that the Rating Committee of CARE has assigned "CARE BBB" (Triple B) rating to the Long Term Bank Facilities amounting to Rs. 4331 crore, of the Company. The Rating Committee of CARE has also assigned "CARE BBB" (Triple B) to the Long Term Bank Facilities amounting to Rs. 1872 crore to Indiabulls Realtech Limited, a wholly owned subsidiary of the Company.

A2z Maintenance & Engineering Services Limited has informed the Exchange that the Credit ratings of the Bank facilities of A2Z Maintenance & Engineering Services Limited have been revised by Credit Analysis & Research Ltd' as follows: (1) Long- term Bank Facilities: Revised from 'CARE A-' [ Single A Minus ] to 'CARE A' [Single A]; (2) Short-term Bank Facilities : Revised from 'PR2+' [PR Two Plus] to 'PR1' [PR One].

Nhpc Limited has informed the Exchange that M/s Standard & Poor's has reconfirmed Corporate Credit Rating of NHPC Limited as BBB-/Stable/NR. In addition they have rated Business Risk Profile of NHPC as Satisfactory and Financial Risk Profile as Intermediate.

Alok Industries Limited has informed the Exchange that Credit Analysis & Research Limited have vide their letter dated January 10, 2011 reaffirmed the 'PR1+' [PR One Plus] rating for the Company's short term Commercial Paper / Short Term NCDs / short term debt issue for an amount aggregating to Rs.1000 crore for a maturity not exceeding one year.

Parrys Sugar Industries Limited has informed the Exchange that the Company has received revised credit rating from ICRA for its Long Term loans and Short Term bank limits. ICRA has revised the Long term ratings to LBBB+ (pronounced as L triple B plus) from LBBB- (pronounced as L triple B minus) and short term ratings to A2 (pronounced as A two) from A3 (pronounced as A three) earlier.

Educomp Solutions Limited has informed the Exchange that Credit Analysis & Research Limited (CARE Ratings) has reaffirmed : (1) 'CARE A' [Single A] ratings to Long Term Bank Facilities, i.e. facilities having tenure of more than one year, aggregating to Rs. 372.38 Crore. Facilities with this rating are considered to offer adequate safety for timely servicing of debt obligation. Such facilities carry low credit risk; (2) 'PRI' [PR One] ratings to Short Term Bank Facilities i.e. facilities having tenure of up to one year, aggregating to Rs. 327 Crore. Facilities with this rating are considered t

Educomp Solutions Limited has informed the Exchange that Credit Analysis & Research Limited (CARE Ratings) has assigned : (1) 'PR 1+' [PR One Plus] ratings to the Company's proposed commercial paper (CP) issue for a limit of Rs. 80 Crore with a maturity not exceeding one year. Investment with this rating are considered to have strong capacity for timely payment of short term debt obligations and carry lowest credit risk.

Alok Industries Limited has informed the Exchange that Credit Analysis & Research Limited have vide their letter dated January 10, 2011 reaffirmed the 'PR1' [PR One] rating for the Company's short term Commercial Paper / short term debt issue for an amount aggregating to Rs.250 crore for a maturity not exceeding one year.

Gujarat Alkalies And Chemicals Limited has informed the Exchange that Credit Analysis & Research Ltd. (CARE) reaffirmed following rating for one year : (1) "PR1+" (PR One Plus) for Company's Commercial Paper/Short Term Debt Issue for an amount aggregating to Rs.100 Crore; (2) "CARE AA" (Double A) for long term bank facilities aggregating to Rs. 312.32 Crore; and (3) "PR1+" (PR One Plus) for short term bank facilities aggregating to Rs.45 Crore.

Time Technoplast Limited has informed the Exchange that CRISIL IER has conducted an Independent Research on Time Technoplast Limited (TimeTech) & has assigned to the company a grade of 4/5 both on the fundamentals & the Valuation.

Ramkrishna Forgings Limited has informed the Exchange that the Company has received the rating of 3 on a Scale of 5 for its Fundamental Grade indicating good Fundamental and 5 out of 5 for its valuation Grade for the rating of the equity done by CRISIL Ltd.

Future Capital Holdings Limited has informed the Exchange that Credit Analysis & Research Ltd. (CARE) vide its letter dated December 13, 2010, has assigned the "PR 1+" ("PR One Plus") Rating ("Rating") in respect of the short term borrowing programme of the Company aggregating to Rs. 590 Crores (Rupees Five Hundred and Ninety Crores Only) enhanced from earlier Rs. 475 Crores (Rupees Four Hundred and Seventy Five Crores Only) having maturity of upto one year. The grade of rating is the highest Rating issued by CARE for short term debt instruments and indicates strong capacity for timely payment

Sanwaria Agro Oils Limited has informed the Exchange that Credit Analysis & Research Limited (Rating Committee) has revised its rating from 'PR2' (PR Two) to 'PR2+' (PR Two Plus) for short term facilities and form 'CARE BBB' (Triple B Plus) to 'CARE BBB+'(Triple B plus) for long-term facilities of the Company.

Kilitch Drugs (India) Limited has informed the Exchange that the Company has been awarded 'A-' rating by CRISIL for its Finance Related Facilities, which reaffirms stable status of the Company.

Jsw Energy Limited has informed the Exchange that "Credit Analysis & Research Limited (CARE Rating) had assigned CARE AA- (Double AA Minus) to the long-term non-convertible debentures (NCD) aggregating to Rs.2400 Crores which were allotted on 10th December 2010. Instruments with this rating are considered to offer high safety for timely servicing of debt obligations. Such instruments carry very low credit risk".

Cords Cable Industries Limited has informed the Exchange that "CARE rating committee has reaffirmed "CARE BBB+ (CARE Triple B Plus) rating to the Long Term Bank Facilities and PR 3+ (PR Three Plus) rating to the Short Term Bank facilities of the Company." As per rating rational, the rating continues to derive comfort from the vast experience of CCIL's promoters in the cable industry, long track record of operations of CCIL, its established position in the control and instrumentation cable market, comfortable order book position and moderately favorable capital structure.

Transport Corporation Of India Limited has informed the Exchange that "TCI has been enjoying the Top Short Term Rating "A1+" from ICRA as per their norms for availing Commercial Paper (CP)/ Short Term Debt (STD)/ MIBOR linked products since quite long. So far it has been regularly used for raising CP/STD upto Rs. 120 cr., facilitating us to effectively carry Treasury Management in our quest to bring down overall cost of borrowing. Accordingly, the Rating Committee of ICRA has again re-affirmed its Top Rating i.e. "A1+" for raising CP/STD etc. upto Rs.150 cr. for another one year".

Gitanjali Gems Limited has informed the Exchange that Credit Analysis & Research Ltd (CARE), has revised the rating assigned to the long term facilities and Non Convertible Debentures of the Company from CARE A + (single A plus) to CARE A (single A). Instruments with this rating are considered to offer adequate safety for timely servicing of debt obligations and carry low credit risk.

Gitanjali Gems Limited has informed the Exchange that Credit Analysis & Research Ltd (CARE), has revised the rating assigned to the short term facilities of the Company from PR1 (PR One) to PR2+ (PR Two Plus). Facilities with this rating are considered to offer adequate capacity for timely payment of short - term obligations and carry higher credit risk as compared to facilities rated higher.

United Spirits Limited has informed the Exchange that ICRA Limited (ICRA) has upgraded the long term rating and short term rating of the Company to LA- (Pronounced as L A minus) and A2+ (Pronounced as A two plus) respectively. ICRA has also reaffirmed the MA- (Pronounced as M A minus) rating assigned to the Fixed Deposit programme of the company. The outlook assigned to the long term and the medium term rating remains stable.

Piramal Glass Limited has informed the Exchange that ICRA has upgraded the long term rating assigned to the Rs.225 crore fund based limits of the Company from LBBB (Stable) to LBBB+ (Stable) and the short term rating assigned to the Rs.225 crore fund based limits and Rs.100 crore non-fund based limits from A3+ to A2.

Mahindra & Mahindra Financial Services Limited has informed the Exchange that CRISIL vide its Rating Release dated November 29, 2010 has upgraded its ratings assigned to the Company's Long-term Debt Instruments and Bank Facilities from 'AA/Positive' to 'AA+/Stable' and the Fixed Deposit Programme from 'FAA+/Positive' to 'FAAA/Stable'. The Rating on the Company's Short-term Debt Programme has been re-affirmed at 'P1+'.

Talwalkars Better Value Fitness Limited has informed the Exchange regarding the ratings obtained from the Credit Analysis & Research Ltd. towards Credit Rating of long-term bank facilities of the Company of Rs. 46.48 crores that the Rating Committee has assigned a 'CAREAA-'[Double A Minus] rating to the long term facilities of the Company, applicable to facilities having tenure of more than one year and facilities with this rating are considered to offer high safety for timely servicing of debt obligations and carry very low credit risk.

Transport Corporation Of India Limited has informed the Exchange regarding "ICRA Ratings for Commercial Paper (CP)/ Short Term Debt (STD) programmes of the Company upto Rs.150 cr".

Transport Corporation Of India Limited has informed the Exchange regarding "Upgradation in CRISIL's Ratings for Long Term Debt programmes of the Company".

Easun Reyrolle Limited has informed the Exchange that recently ICRA (Credit Rating Agency) assigned the following ratings for debt being raised by the Company through banks : (1) Rs.314.5 crores debt - long term rating at LBBB+ with a stable outlook; (2) Rs.104.6 crores debt - short term rating has also been retained at A2+.

Dewan Housing Finance Corporation Limited has informed the Exchange that the following credit rating agencies have assigned their credit rating to the Company's for proposed issue of subordinate Debt of Rs.500 Crore: (a) Credit Analysis & Research Ltd. (CARE) has assigned 'CARE AA+' [Double A Plus]. Instruments with this ratings are considered to offer high safety for timely servicing of debts obligations. Such instruments carry very low credit risk; (b) Brickwork Ratings India Pvt. Ltd. has assigned 'BWR AAA' rating (pronounced as BWR Triple A Rating) [Outlook Stable] by them. The instrument

Alok Industries Limited has informed the Exchange that Credit Analysis & Research Limited have vide their letter dated November 12, 2010 reaffirmed the 'PR1' [PR One] rating for the Company's short term Commercial Paper / short term debt issue for an amount aggregating to Rs.250 crore for a maturity not exceeding one year.

Graphite India Limited has informed the Exchange that ICRA has upgraded /reaffirmed /retained the ratings for the following- (1) Rs. 100 crore NCD programme, (2) Rs. 30 crore Commercial Paper/ Short Term Debt programme, (3) Rs. 580 crore Line of Credit.

Indiabulls Financial Services Limited has informed the Exchange that CARE has upgraded our rating to "CARE AA+" [Double A Plus] from its earlier assigned rating "CARE AA" [DOUBLE A] to the Company's Long Term Debt Programme (including NCDs and Bank Borrowings). The company already has been assigned the following ratings: 1)"AA/Stable" (pronounced "Double A rating with stable outlook") from CRISIL,a Standard & Poor's Company. 2)"LAA" (pronounced L Double A) by ICRA (An Associate of Moody's Investors Service) to the company's Non Convertible Debentures programme.

Hindustan Oil Exploration Company Limited has informed the Exchange that "ICRA, vide its letter number Surv/Chen/173/10-11, has re-affirmed the long-term rating of LA+ for the line of credit as notifies to you on November 12, 2008. LA+ is the adequate-credit quality rating assigned by ICRA and rated instrument carries average credit risk".

Phillips Carbon Black Limited has informed the Exchange that CRISIL Equities has assigned a CRISIL IER fundamental grade of 4/5 (pronounced 4 on 5) to Phillips Carbon Black Limited. The grade indicates that the Company's fundamentals are 'superior' to other listed securities in India. CRISIL Equities has also assigned a valuation grade of 5/5, indicates that the stock has strong upside with the current market price.

Tube Investments Of India Limited has informed the Exchange that CRISIL has, vide its Rating Release dated November 02, 2010, upgraded its rating on the long-term debt instruments and bank facilities of the Company to 'AA/Stable' from 'AA-/Stable', while reaffirming the rating on the short-term debt instrument and bank facility at 'P1+'.

Cholamandalam Investment And Finance Company Limited has informed the Exchange that the Credit Analysis & Research Ltd. (CARE) has assigned 'CARE AA' (Double A) rating for the proposed NCD issue aggregating to Rs.300 Crores. The rating denotes high safety for timely servicing of debt obligations and such instruments carry very low credit risk.

First Leasing Company Of India Limited has submitted to the Exchange a copy of the ratings assigned by Credit Analysis Research Ltd. vide their letter dated October 03, 2010 to the Company's Debt. Instruments, Fixed Deposits Programme and Long term Bank facilities.

Cox & Kings Limited has informed the Exchange that Credit Analysis & Research Ltd (CARE), the Rating Agency has revised and enhanced the long term rating of the Company to 'CARE AA (Double A)' to Non-Convertible Debenture (NCD) issue of the Company amounting to Rs.800 cr. Instruments with this rating indicate high safety for timely servicing of debt obligations and carry very low credit risk. Care has also reaffirmed 'PR1+(PR One plus)' to Commercial Paper (CP) issue of the Company amounting to Rs.150 cr, for a maturity not exceeding one year. Instruments with this rating indicate strong capac

Redington (India) Limited has informed the Exchange that ICRA , an associate of Moody's Investors Service and one of the leading credit rating agency has upgraded its ratings for the Fund based and Non-fund based credit facilities to 'LAA-' (High Credit Quality) from 'LA+' (Adequate Credit Quality) and reaffirmed its rating on the short term debts at 'A1+' (Highest Credit Quality).

Jindal Cotex Limited has informed the Exchange that :(1)CARE has assigned 'CARE BB+SO' [Double B Plus Structured Obligation] rating to the long term bank facilities availed by Jindal Medicot Ltd., 100% subsidiary of Jindal Cotex Limited.(2) The Company has completed erection & commissioning of expansion plan of 28800 cotton spindles at village Mandiala Kalan, Tehsil Khanna, Distt Ludhiana.

Panacea Biotec Limited has informed the Exchange that Credit Analysis & Research Limited (CARE) has revised ratings of the Company with respect to the various Bank Facilities availed by the Company.

Future Capital Holdings Limited has informed the Exchange that Credit Analysis & Research Ltd. (CARE) vide its letter dated October 13, 2010, has assigned the "CARE A+" ("Single A Plus") Rating to the Issue of NCDs with maturity of upto five years, for an aggregate amount upto Rs. 600 Crores (Rupees Six Hundred Crores Only) enhanced from earlier Rs. 550 Crores (Rupees Five Hundred and Fifty Crores Only). This grade of rating indicates that the NCDs are considered to offer adequate safety for timely servicing of debt obligations and further indicates that the NCDs carry low credit risk. Please

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) "A1+"credit rating for Short Term Debt Instrument, implying highest credit quality and lowest credit risk in short term with relatively stronger credit quality.(2) "LAA" Credit Rating for long term debt instruments implying high credit quality and low credit risk.

Excel Crop Care Limited has informed the Exchange that "CRISIL Limited has upgraded the rating from 'A-/Stable' to 'A /Stable' for our Fund Based Bank Limits of Rs.150 crores and from 'P2+' to 'P1' for our Non Fund Based Bank Limits of Rs.50 crores".