Corporate announcements

Alok Industries Limited has informed the Exchange that "Credit Analysis & Research Limited (CARE) have vide their letter dated September 21, 2010 has assigned a "CARE A+" [Single A Plus] rating to the Company's proposed long term non-convertible debentures (NCDs) issue aggregating to Rs.300 crores. The proposed NCDs would have tenure of 8 years with repayment in three equal installments at the end of 6th, 7th and 8th year".

Reliance Communications Limited has informed the Exchange that "ICRA Limited has retained the Long Term rating of Reliance Communications Limited at LAA+ level but assigned negative outlook to the rating and reaffirmed its Short-Term rating at A1+.

Opto Circuits (India) Limited has informed the Exchange that Rating Committee of ICRA has upgraded the Company's long-term rating for the Line of Credit ( LOC) from LA+ (pronounced LA Plus) to LAA (pronounced as double A). The Out look on the long-term rating is stable. The Rating Committee of ICRA has also retained the short-term rating for the LOC at A1+ (pronounced A one plus).

Godrej Industries Limited has informed the Exchange that after surveillance, ICRA Limited (ICRA) has reaffirmed the following: (1) Rating for Commercial Paper Programme, (2) Rating for Short Term Loans and Non-Fund Based Limits, (3) Rating for Long Term Loans, Fund Based Limits and Non-Fund Based Limits.

Trent Limited has informed the Exchange vide its letter dated October 05, 2010 regarding the Revision in Credit Ratings for unlisted Non-Convertible Debentures (NCDs) issued on a private placement basis.

Mahindra & Mahindra Financial Services Limited has informed the Exchange that "Fitch Ratings India Private Limited vide its Rating Release dated 21st September, 2010, has revised the Outlook to 'Positive' from 'Stable' and affirmed the ratings assigned to the Company's National Long-Term Rating instrument and Lower Tier II Subordinated Debt Programme of Rs.5 Billion and Non Convertible Debentures of Rs.10 Billion at 'AA(ind)' ".

Xpro India Limited has informed the Exchange that as a routine course of business, Fitch Ratings have assigned a National Long-Term Issuer rating of 'BBB-(ind)' (BBB minus (ind)) to the Company.

Future Capital Holdings Limited has informed the Exchange that:"This is in respect of the Secured Redeemable Non-Convertible Debentures (the 'NCDs') issued by the Company on private placement basis, for an aggregate amount of Rs. 239.1 Crores (Rupees Two Hundred and Thirty Nine Crores and Ten Lacs Only) (the 'Issue'). We wish to intimate that in addition to the "CARE A+" ("Single A Plus") rating assigned by Credit Analysis & Research Ltd., now Brickwork Ratings India Pvt. Ltd. ('Brickwork') vide its letter dated 20th August, 2010, (accepted by the Company on 20th September, 2010) has assigned

Sks Microfinance Limited has informed the Exchange that CRISIL has assigned a 'P1+' (pronounced 'p one plus') rating to the Rs. 7.5 billion Short Term Debt programme of the Company.

Mahindra & Mahindra Financial Services Limited had informed the Exchange vide its letter dated September 15, 2010, regarding Credit Ratings. The Company has now informed that "CRISIL vide its Rating Release dated 15th September, 2010, has upgraded its rating and revision in outlook assigned to the Company's Debt Programmes and Bank Facilities from 'AA-/Stable' to 'AA/Positive' and the Fixed Deposit Programme from 'FAA/Stable' to 'FAA+/Positive, respectively. The Rating on the Company's Short-term Debt and Bank Loans has been re-affirmed at 'P1+'. The rating outlook indicates the direction in w

Educomp Solutions Limited has informed the Exchange that Fitch Ratings has assigned/re-affirmed the following ratings to the Company:(1)National Long Term Rating:A(ind)/"Stable" Outlook (2) Long Term debt programme of INR 200 mn:'A(ind)' (3) Outstanding Term-Loan of INR 5244.48 mn: 'A(ind)' (4) Short Term Debt of INR 150 mn:'F1(ind)'. (5) Working Capital Facilities of INR 4070 mn:'A(ind)'/'F1(ind)'.

Mahindra & Mahindra Financial Services Limited has informed the Exchange that "CRISIL vide its Rating Release dated 15th September, 2010, has upgraded its rating outlook assigned to the Company's Debt Programmes and Bank Facilities from 'AA-/Stable' to 'AA/Positive' and the Fixed Deposit Programme from 'FAA/Stable' to FAA+/ Positive, respectively. The Rating on the Company's Short-term Debt and Bank Loans has been re-affirmed at 'P1+'. The rating outlook indicates the direction in which a rating may move over a medium-term horizon of one-to-two years".

Yes Bank Limited has informed the Exchange that ICRA has assigned the rating of "A1+" (pronounce as A One Plus) to the Short Term Fixed Deposits programme of Yes Bank Limited (Yes Bank). This is the highest-credit-quality rating assigned by ICRA to short-term debt instruments. Instruments rated in this category carry the lowest credit risk in the short term.

Indiabulls Financial Services Limited has informed the Exchange that "CRISIL has upgraded its rating to "AA/Stable" (pronounced "Double A rating with stable outlook") from its earlier assigned rating "AA-/Positive" (pronounced "Double A minus rating with positive outlook") to the Long Term Debt Programme (including NCDs and Bank Borrowings) of Indiabulls Housing Finance Limited and Indiabulls Infrastructure Credit Limited (the subsidiary companies of Indiabulls Financial Services Limited). Further, CRISIL has reaffirmed its P1+ rating to the Short Term Debt Programme of both the subsidiary com

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

Jindal Poly Films Limited has informed the Exchange that the CRISIL LIMITED has assigned to the Company "AA/Stable" rating for Rs. 120.00 Crores Cash Credit Limits (Interchangeable with other long term facilities) and P1+ rating for Rs. 250.00 Crores Letter of Credit limits (Interchangeable with bank guarantees and other short term facilities).

Hindustan Composites Limited has informed the Exchange that "The CRISIL has upgraded the credit rating of the Company from BB/stable to BBB+/stable".

Peninsula Land Limited has informed the Exchange that: 1) ICRA Limited had assigned an "A1" (pronounced A one) rating to Rs.250 crores Commercial Paper/Short Term Debt of the Company. Subsequently, on the requisition of the Company ICRA Limited has now re-affirmed this "A1" rating for a reduced amount of Rs.200 crores Commercial Paper/Short Term Debt of the Company. This is the highest credit quality rating assigned by ICRA to short-term debt instruments. Instruments rated in this category carry the lowest credit risk in the short term; 2) ICRA Limited has also assigned "LA" (pronounced L A) r

Jagran Prakashan Limited has informed the Exchange that "The CRISIL rating rationale on the long-term bank facilities of Jagran Prakashan Ltd (JPL) to 'Positive' from 'Stable', while reaffirming the ratings at 'AA', the rating on the commercial paper programme has been reaffirmed at 'P1+'".

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 highst-credit-quality rating assigned by ICRA.

Godrej Consumer Products Limited has informed the Exchange that, after surveillance, ICRA has reaffirmed the Corporate Governance Rating & the Stakeholder Value Creation and Governance Rating.

Shopper'S Stop Limited has informed the Exchange that "Credit Analysis & Research Ltd (CARE Ratings) has assigned 'CARE A+' (Single A Plus) rating for the long term bank facilities of Rs. 291 Crores and has assigned 'PR1+' (PR One Plus) rating to the short term bank facilities of Rs. 40 Crores. Further Credit Analysis & Research Ltd (CARE Ratings) has assigned 'CARE A+' (Single A Plus) rating for the non convertible debenture issue of Rs. 100 Crores".

D B Realty Limited has informed the Exchange that "Credit Analysis & Research Limited (CARE Rating) has assigned 'Care A-' (A Minus) Credit Rating to the Company's proposed long-term Non-Convertible Debenture (NCD) issue. This rating is considered to offer adequate safety for timely servicing of debt obligations, Such instruments carry low credit risk".

Yes Bank Limited has informed the Exchange that:"CARE has upgraded the ratings to the outstanding Lower Tier II Bonds of Yes Bank Limited (Yes Bank) to CARE AA(pronounced double A) from CARE AA- (pronounced double A minus). CARE has also upgraded the ratings on the Perpetual (Hybrid) Bonds (Tier I) and Upper Tier II bonds of Yes Bank to Care AA- (pronounced double A minus) from CARE A+ (pronounced single A plus)".

Omax Autos Limited has informed the Exchange that The Rating Committee of ICRA, after due consideration of the latest developments, has re-affirmed Credit Rating : (a) For short term bank facilities "A2" (pronounced as A two); and (b) For Long term bank facilities "LBBB+" (pronounced as L triple B plus).

Great Offshore Limited has informed the Exchange that the Crisil Rating for bank facilities post review has been revised as under : (1) Facility : Short Term Loan (reduced from Rs. 5,500 million); Rated Amount (Rs. in million) : 1,500; Prior Rating : P1; Revised Rating : P1; (2) Facility : Long Term Loan (enhanced from Rs. 7,000 million); Rated Amount (Rs. in million) : 11,000; Prior Rating : A/Negative; Revised Rating : A/Stable; (3) Bank Guarantee / LC; Rated Amount (Rs. in million) : 2,500; Prior Rating : P1; Revised Rating : P1.

Jindal Cotex Limited has informed the Exchange that CARE has assigned 'CARE BB+' (Care Double B Plus) rating to the long term bank facilities and 'PR4+' (PR Four Plus) to the short term debt obligations of the company.

Transformers And Rectifiers (India) Limited has informed the Exchange that CARE Ratings has revised the assigned rating of "CARE A+" [A Plus] to "CARE AA-" [Double A Minus] to the long term facilities of the Company after reviewing recent developments including Operational and Financial Performance of the Company. "CARE AA-" [Double A Minus], this rating are considered to offer high safety for timely servicing of debt obligations. Such facilities carry low credit risk.

Alok Industries Limited has informed the Exchange that Credit Analysis and Research Limited (CARE) have vide their letter dated June 28, 2010 has assigned a "CARE A+" (Single A plus) rating to the Company's proposed long term non-convertible debentures (NCDs) issue aggregating to Rs. 200 crores. The proposed NCDs would have tenure of 6 years with repayment in three equal installments at the end of 4th, 5th and 6th year. CARE has vide its letter dated June 28, 2010 also assigned a "PR1" (PR one) rating to the proposed Commercial Paper / Short Term Debt issues for a limit of Rs. 250 Crores, with

Alok Industries Limited has informed the Exchange that Credit Analysis & Research Limited have vide their letter dated June 24, 2010 reaffirmed the 'PR1+' (PR One plus) rating for the Company's short term Commercial Paper / Non Convertible Debentures / Debt instruments for an amount aggregating to Rs. 1000 crore for a maturity upto 1 year.

D.B.Corp Limited has informed the Exchange that: "The Credit Rating for the Long-Term Bank facilities of our company has been upgraded from 'CARE A+' (Single A Plus) to 'CARE AA (Double A), as per communication received from CARE Ratings (Credit Analysis & Research Limited)".

Cox And Kings (India) Limited has informed the Exchange that "Credit Analysis & Research Ltd (CARE), the Rating Agency, has reaffirmed 'PR1 + (PR One plus)' to Commercial Paper (CP) issue of the Company amounting to Rs. 150 crore, for a maturity not exceeding one year. Instruments with this rating indicate strong capacity for timely payment of short-term debt obligations and carry lowest credit risk. CARE has also revised the long term rating to 'CARE AA- (Double A minus)' to Non - Convertible Debenture (NCD) issue of the Company amounting to Rs. 300 crore. Instruments with this rating indicat

Shree Ganesh Jewellery House Limited has informed the Exchange that CARE has revised the rating of the short term banking facilities of the Company from existing 'PR1' to 'PR1+' (PR One plus). Further the rating for Short Term Debt (STD) programme (including Commercial Paper) has also been revised from existing 'PR1' to PR1+' (PR One Plus).

The Bank Of Rajasthan Limited has informed the Exchange that "ICRA has done the review of credit of our Tier II Bonds. Earlier they had given rating with Negative outlook. Now vide their letter dated May 20, 2010 they have changed it to 'Rating watch with positive implication'".

Insecticides (India) Limited has informed the Exchange that the ICRA has provided the credit rating on Fund Based Facilities - "LA-" (pronounced L A minus) from "LBBB+ (pronounced L triple B plus) last year rating and on Non-Fund Based Facilities - "A2+" (pronounced A two plus) from "A2" (pronounced A two) last year rating to the Company.

Automotive Stampings And Assemblies Limited has informed the Exchange that "CRISIL has reaffirmed the Rating of "A" for the long term borrowings and "P1" for short term borrowings of the Company." It has revised its rating outlook for Long Term borrowings to 'Stable' from 'Negative.'

Genus Power Infrastructures Limited has informed the Exchange regarding Update on Credit Ratings.

Ramkrishna Forgings Limited has informed the Exchange that "The Company has received the rating of LBBB+ for its Long term fund based facilities and working capital facilities and A2+ for its Commercial paper/short term debt from ICRA Ltd".

Gujarat Alkalies And Chemicals Ltd. has informed the Exchange that the Credit Analysis & Research Ltd. (CARE) revalidating rating of "PR1+ [PR One Plus]" for Company's Commercial Paper / Short Term Debt (CP / STD) for an amount aggregating to Rs.100 Crore for one year.

Nitco Limited has informed the Exchange that "CARE has assigned a "CARE BBB+' (Triple B Plus) rating to the Company's long term bank facilities aggregating Rs.476.57 Crores and 'PR2' (PR Two) rating to the Company's short term bank facilities aggregating Rs.745 Crores".

Pricol Limited has informed the Exchange that ICRA - Credit rating agency has upgraded the rating of the credit facilities of the Company as follows : (1) Facility : Fund based facilities ; Present credit rating : LBBB- ; Previous credit rating : LBB. (2) Facility : Non - fund based facilities ; Present credit rating : A3 ; Previous credit rating : A4.

Tube Investments Of India Ltd has informed the Exchange that "Credit Rating information Services of India ltd (CRISIL) has vide its letter dated April 5, 2010 downgraded the rating for the long-term bank loan facilities and non-convertible debenture programmes of the Company to "AA-/Stable" (Pronounced "Double A minus rating with Stable outlook) from "AA/ Stable" (Pronounced "Double A rating with Stable outlook")".

Mangalore Refinery And Petrochemicals Ltd. has informed the Exchange that: "ICRA Limited has reaffirmed Issuer Rating "IR AAA" (pronounced as IR Triple A) to Mangalore Refinery and Petrochemicals Limited (MRPL). This rating indicates the highest credit quality rating assigned by ICRA and the rated entity i.e., MRPL carries the lowest credit risk. We would also like to inform that ICRA has reaffirmed "LAAA"(pronounced as L triple A) the highest credit quality rating under ICRA's long term rating scale for Rs.900 crore Fund Based Working Capital limit, of MRPL. Further, ICRA has also reaffirmed

Escorts Ltd has informed the Exchange that "ICRA Limited vide its letter dated March 30, 2010 have revised the short term rating of the fund based and non fund based facilities from "A4+" (pronounced A four plus) to "A3" (pronounced A three) and also revised the long term rating of fund based facilities and term loans from "LBB+" ( pronounced L double B plus) to "LBBB-" (pronounced L triple B minus). The long term rating has been assigned a "Stable" outlook".

Jsw Energy Limited has informed the Exchange that the Credit Rating assigned to Company's Long Term and Short Term bank facilities have been revised by Credit Analysis & Research Limited (CARE Rating). The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/JSW_CR_31032010.zip target=NEW> For more details click here.</a>

Jmt Auto Limited has informed the Exchange that, "On request of our bankers for compliance of Basel II Norms, we availed credit rating facilities from Credit Analysis & Research Limited". The details of the credit ratings shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/jmtauto_CR_29032010.zip target=NEW> For more details click here.</a>

Websol Energy Systems Limited has informed the Exchange that "The credit rating in respect of Long term and short term bank facilities of the Company has been reviewed by Credit Analysis & Research Limited for another one year and they have reaffirmed the ratings as below: (1) Type of Credit Facility :- Long / Medium Term Facilities; Rating Reaffirmed :- BBB - (Triple B minus). (2) Type of Credit Facility :- Short Term Facilities; Rating Reaffirmed :- PR3 (PR three)".

Birla Corporation Ltd has informed the Exchange that CRISIL has assigned a "P1+" (pronounced "P one plus") rating to the Company for Rs.1250 million (Rs.125 crores) Short Term Debt Programme (including Commercial Paper Programme). This indicates that the degree of safety with regard to timely payment of interest and principal on the instrument is very strong.

K S Oils Limited has informed the Exchange vide its letter dated March 04, 2010 regarding the revised Credit rating from Fitch Ratings in which Fitch Ratings has upgrades K S Oils Limited to 'A-(Ind)/F1(Ind)'.

Phillips Carbon Black Ltd. has informed the Exchange that Credit Analysis and Research Ltd. ; (CARE Ratings) has assigned the following credit ratings to the Company: (a) 'CARE A+' [Single A Plus] rating to the long/medium term facilities of the Company. (b) PR1+ [PR One Plus] rating to the short term facilities of the Company. (c) 'PR1+' [PR One Plus] rating to the Short Term Debt (including Commercial Paper, MIBOR linked debentures & short term loan) programme of the Company for an amount upto Rs. 50 crores.