Corporate announcements

Precision Pipes And Profiles Company Limited has informed the Exchange that CRISIL Limited has reaffirmed SME 1 Rating to the Company. This rating indicates "Highest Level of Creditworthiness, adjudged in relation to others SMEs. This rating is valid till May 17, 2010.

Karur Vysya Bank Ltd has informed the Exchange that: "CRISIL has assigned rating of 'P1+' to the Certificate of Deposit programme of The Karur Vysya Bank Limited to the tune of Rs.10 billion".

Bank Of India has informed the Exchange that CRISIL has upgrated/assigned the ratings to the debt instruments issued by the Bank. 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/BankIndia_CR_30072009.zip target=NEW> For more details click here.</a>

Bank Of Maharashtra has informed the Exchange that: "CRISIL in its press release dated July 23, 2009 has revised and upgraded the rating of Bank's lower Tier-II Bond issuances from AA/Stable to AA+/Stable and of Hybrid Instruments (Upper Tier-II Bonds / Tier-I Bonds) issuances from AA/Negative to AA/Stable".

Allahabad Bank has informed the Exchange that "CRISIL vide their letter dated July 23, 2009 has reviewed and upgraded the rating of our existing Upper Tier II bonds (Series I) of Rs. 500.00 crore, Subordinated Debt (Tier II Series V,VI,VII and VIII) aggregating to Rs. 1961.90 crore and IPDI of Rs.300.00 crore (150.00 crore existing and 150.00 crore proposed) from AA/Stable to "AA+/Stable". Further, CRISIL vide their letter dated July 24, 2009 assigned the rating of "AA+/Stable" to our proposed Subordinated Debt (Tier II Series IX) Bond of Rs. 450.00 crore and Upper Tier II Bond of Rs. 500.00 c

Infrastructure Development Finance Company Limited has informed the Exchange that CRISIL has downgraded its rating on long term debt instruments issued by the Company to 'AA+/Stable' from 'AAA/Stable'.

Kec International Limited has informed the Exchange that "ICRA has assigned an A1 (pronounced as A one) rating to the company's proposed short term debt programme (including commercial paper) of Rs. 50 crores".

Ess Dee Aluminium Limited has informed the Exchange that CRISIL Limited have assigned "P1" (pronounced "P One") for the Rs. 500 million Commercial Paper Programme of the Company. This indicates that the degree of safety with regard to timely payment of interest and principal on the instrument is very strong. CRISIL Limited have also assigned the ratings for the bank loan outstandings of the company. 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=

South Asian Petrochem Limited has informed the Exchange that "The Company has been assigned Credit rating of CARE A (Is) [(Single A (Issuer Rating)] by Credit Analysis & Research Ltd. At the same time CARE has assigned the short term debt rating of PR1+(P R One Plus) for the Short Term Debt (STD) programme (including Commercial Paper) of the Company for the an amount upto Rs. 50 Crore for a maturity upto six months".

Rama Newsprint And Papers Limited has informed the Exchange that M/s. ICRA India Ltd. has revised the Credit Ratings to the debts of the Company as under :(1) Long term fund based facilities limits : Earlier Rating: LBBB+, Revised Rating: LBBB (2) Short term fund based facilities : Earlier Rating: A2 , Revised Rating: A3. (3) Short term non-fund based facilities : Earlier Rating: A2 , Revised Rating: A3.

Great Offshore Limited has submitted to the Exchange the CRISIL Rating for bank facilities.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/Gtoffshare_CR_18062009.zip target=NEW> For more details click here.</a>

Educomp Solutions Limited has informed the Exchange that: "Credit Analysis & Research Limited (CARE Ratings) has assigned: i) 'CARE A' [Single A] ratings to our existing and proposed long term bank facilities, i.e. facilities having tenure of more than one year, aggregating to Rs. 349.20 Crore. Facilities with this rating are consisdered to offer adequate safety for timely servicing of debt obligation. Such facilities carry low credit risk. . ii) 'PRI' [PR One] ratings to Our existing and proposed short term bank facilities i.e. facilities having tenure of up to one year, aggregating to Rs. 24

Kanoria Chemicals & Industries Ltd has informed the Exchange that CRISIL has reaffirmed 'CRISIL GVC Level 3' rating on the Company's Corporate Governance and Value Creation Practices for the year 2008-09.The rating indicates that the Company's capability with regard to corporate governance and value creation for all its stakeholders is high.

Micro Inks Limited has informed the Exchange that the Credit Analysis & Research Ltd. (CARE) has retained PR1+ (PR One Plus) rating assigned to the Company's Short Term Debt (STD) Programme (Including Commercial Paper (CP) ) for an enhanced amount upto Rs 100 crore for a maturity upto three months vide its letter dated May 27,2009.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/micro_creditr_16062009.zip target=NEW> For more de

Hindalco Industries Ltd. has informed the Exchange that Credit Analysis & Research Ltd., has assigned a "CARE AA+(Is) [Double A plus (issuer Rating)] to Hindalco Industries Limited. The rating is only an opinion on the general creditworthiness of the rated entity and not specific to any particular debt instrument. Issuers with this rating are considered to offer high safety for timely servicing of debt obligations. Such issues carry very low credit risk.

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 outlook on the long term borrowings to 'Negative' from 'Stable'.

Hcl Technologies Ltd has informed the Exchange that ICRA has assigned an A1+ (pronounced as A one plus) rating to the Rs.5 billion Commercial Paper Programme of HCL Technologies Limited ('HCL Tech"). The rating indicates highest credit quality rating assigned by ICRA to short term debt instruments. 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/HCLTECH_Rating_25052009.zip target=NEW> For more details click here.</a>

Amara Raja Batteries Ltd has informed the Exchange that Crisil has reaffirmed its rating for the bank facilities. 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/Amaraja_CR_25052009.zip target=NEW> For more details click here.</a>

Energy Development Company Limited has informed the Exchange that "The company's present borrowings have been rated by Credit Analysis & Research Limited (CARE), as follows : i) Long term bank facilities as CARE BBB+ (Triple B Plus); ii) Short term bank facilities as PR2 ( PR Two)".

Marico Limited has informed the Exchange that the Company has sought a credit rating from CRISIL for its Non-Convertible Debenture Programme upto Rs. 100 Crore. CRISIL has given credit rating of "AA/Stable" (pronounced "Double A with stable outlook"), (indicative of a high degree of safety with regard to timely payment of interest and principal) on April 30, 2009 which has been accepted by the Company.

Aban Offshore Ltd. has informed the Exchange with reference to the CARE rating for Non Convertible Cumulative Redeemable Preference Shares of Rs.150 Crores, Rs. 156 Crores and Rs.20 Crores issued by the Company that: Credit Analysis & Research Ltd. (CARE) has revised the ratings for the Cumulative Non-convertible Redeemable Preferences Shares (CRPS) issued by the Company. The revised ratings stand CARE BBB(RPS) (TRIBLE B) for all the CRPS Issues".

Nitco Limited has informed the Exchange that: "CARE has assigned a 'CARE A' (Single A) rating to the long term bank facilities aggregating Rs.361 Crores and 'PR1'(PR One) rating to the short term bank facilities aggregating Rs.745 Crores".

Graphite India Limited has informed the Exchange that : "ICRA LTD., after due consideration of the latest developments in the Company have - (a) Retained "LAA" (pronounced as L double A) rating for Rs.50 crore N.C Debenture programme. (b) Re-affirmed " A1+"(pronounced as A One plus) rating for Rs.505 crore short term sanctioned bank limit for Fund Based & Non Fund Based facilities. (c) "LAA" (pronounced as L double A) rating for Rs.75 crore Long Term sanctioned bank limit. (d) Retained "A1+"(pronounced as A One Plus) rating for Rs.30 crore Commercial Paper/ Short Term debt programme. (e) Retai

Crew B.O.S. Products Limited has informed the Exchange regarding Credit rating of the Bank Facilities that: "The credit analysis & Research Ltd (care) has assigned the care rating 'CARE BBB+' (Triple B (Plus)) to the long term facilities and 'PR2' (PR Two) to the short term facilities of the company".

Sms Pharmaceuticals Limited has informed the Exchange that: "Our Company has been awarded a CRISIL Rating of "SME 1". This rating indicates Highest Level of creditworthiness, adjusted to relation to other SMEs. This rating is valid up to 18th March, 2010".

Indian Oil Corporation Ltd has informed the Exchange that the Company has appointed CRISIL for rating of its Short term and Long term Domestic Debt Programme in place of ICRA, the earlier rating agency. The details of the ratings to Indian Oil's Domestic Debt Programmes 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/IndianOil_CR_06042009.ZIP target=NEW> For more details click here.</a>

Alok Industries Limited has informed the Exchange that "Credit Analysis & Research Limited (CARE) have assigned the 'CARE A' (Single A) rating for the long term facilities of the Company having a tenure of more than one year and 'PR 1' (PR One) rating for Short term facilities of the Company having a tenure upto one year as per BASEL II norms".

Future Capital Holdings Limited has informed the Exchange that ICRA Limited ("ICRA") has assigned the "LA" (pronounced "LA") Rating in respect of the fund based long term loan programme of Rs.700 crores of the Company. This indicates the adequate-credit-quality Rating assigned by ICRA to long term debt instruments. The instruments rated in the category carry the average credit risk in the long term.

West Coast Paper Mills Ltd has informed the Exchange that Credit Analysis & Research Ltd., has assigned the following ratings to the various facilities of the Companies: 1) External Commercial Borrowings of USD 105 Million from ICICI Bank Ltd. led syndicate - 'CARE A+' [Single A Plus] 2) Fund & non-fund based working capital limits of Rs.165.50 Crores - 'PR1+[PR One Plus]' for short-term facilities and 'CARE A+' [Single A Plus] for long-term facilities. 3) Redeemable Non-convertible Debentures of Rs. 65 Crores - 'CARE A +' [Single A Plus]. Further, Company has surrendered 'CARE A+' [Single A P

Bharat Electronics Ltd has informed the Exchange that ICRA has reaffirmed the LAAA (pronounced as L triple A) rating to the Rs.2 billion fund based limit and the A1+ (pronounced as A one plus) rating to the Rs.10 billion non-fund based limit of the Company. The ratings indicate the highest credit quality in the long- and short-term. The existing rating of A1+ for the short-term debt programme has also been reaffirmed for Rs.50 million.

Excel Crop Care Limited has informed the Exchange that "CRISIL Limited has revised the rating from 'A-/ Stable' to 'A-/ Negative' for our Fund Based Bank Limits of Rs.120 crores and re-affirmed 'P2+' rating for our Non Fund Based Bank Limits of Rs 40 crores".

Excel Industries Limited has informed the Exchange that CRISIL Limited vide their letter dated March 18, 2009 have revised ratings in respect of the bank facilities. 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/excelind_UP_25032009.zip target=NEW> For more details click here.</a>

Gitanjali Gems Limited has informed the Exchange that : "The Credit Analysis & Research Ltd (CARE) has revised the rating assigned to the Long Term facilities of the Company from CARE A (Single A) to CARE A+ (Single A plus). This rating is applicable for facilities having tenure of more than one year. Instruments with this rating are considered to offer adequate safety for timely servicing of debt obligations and carry low credit risk."

Mahindra & Mahindra Ltd. has informed the Exchange that " CRISIL has downgraded its rating on Mahindra & Mahindra Limited's (M&M's) long-term bank facilities to 'AA/Negative' from 'AA+/Negative', and has reaffirmed its rating on the Company's commercial paper and short-term bank facilities at 'P1+'. The rating on the Company's Non-convertible Debentures has been withdrawn, as the instruments have been redeemed".

Camlin Ltd. has informed the Exchange that CRISIL, one of the leading rating agency has assigned rating for overall bank facility by the Company.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/Camlin_Rating_20032009.zip target=NEW> For more details click here.</a>

Noida Toll Bridge Company Ltd has informed the Exchange that the Company has received a letter from CARE reaffirming the 'CARE A-(single A minus)' rating for the DDBs. Further, the Company has also informed that there has been no change in the credit rating of these DDBs.

Mahindra & Mahindra Financial Services Limited has informed the Exchange that "Fitch Ratings India Private Limited vide its Rating Release dated March 17, 2009, has downgraded the ratings assigned to the Company's National Long-term rating instrument and Lower Tier II Subordinated Debt Programme of Rs. 2 Billion, from 'AA+(ind)' to 'AA(ind)' , with the outlook as stable. The 'AA(ind)' , national ratings denote a very strong credit risk relative to other issuers or issues in the country. The credit risk inherent in these financial commitments differs only slightly from the country's highest rat

Steel Authority Of India Ltd. has informed the Exchange that M/s. Fitch Ratings and M/s CARE have assigned ratings to the forthcoming fund raising programme of the company. 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/SAIL_creditrating_17032009.ZIP target=NEW> For more details click here.</a>

Webel-Sl Energy Systems Limited has informed the Exchange that on request of the bankers for compliance of Basel II Norms, the Company has availed credit rating facilities from Credit Analysis & Research Limited and the Company have been assigned the following credit rating by the rating agency: [1] Long / Medium Term Facilities - BBB- (Triple B Minus), [2] Short Term Facilities - PR3 (PR three). The aforesaid credit ratings are provided to short term and long/ medium term banking facilities availed by the Company from its bankers.

Cholamandalam Dbs Finance Limited has informed the Exchange that ICRA Ltd. vide its letter dated March 02, 2009, has informed that it has reaffirmed its rating A1+ for the 20 billion short term Debt programme which indicates the highest credit quality. Further, ICRA Ltd. has revised the ratings assigned to some of the programmes of the company. 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/choladbs_CRDTRAT_05032009.zip target=

Rain Commodities Limited has informed the Exchange that: "Fitch Ratings has assigned a national long term rating of "A-(ind)" to the Company, with a Stable Outlook. Fitch has also rated the Company's outstanding long term loan and fund based cash credit at 'A-(ind)' with Stable Outlook. Fitch has also assigned ratings of "F1(ind)" to the short term non-fund based working capital limits."

The Great Eastern Shipping Co. Limited has informed the Exchange that the CRISIL Rating for the Rs. 1075 million Non-Convertible Debenture Programme of the Company has been revised from "AAA/Stable" ("Triple A with stable outlook") to "AA+/Negative" ("Double A plus with negative outlook"). The revised rating indicates high degree of safety with regard to timely payment of interest and principal on the Instrument.

Gateway Distriparks Limited has informed the Exchange regarding ratings to the company's credit facilities. 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/GDL_CR_17022009.zip target=NEW> For more details click here.</a>

Kpit Cummins Infosystems Limited has informed the Exchange regarding the details of the Revised Rating as given by CRISIL for Bank facilities of Company. 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/Kpit_CR_12022009.zip target=NEW> For more details click here.</a>

Navin Fluorine International Limited has informed the Exchange that the Company had engaged the services of Credit Analysis and Research Limited (CARE) for rating the long term and short term banking facilities of the Company. The said CARE has assigned the following credit ratings : Long Term facilities - rating 'CARE A' (indicating adequate safety for timely servicing of debt obligations and low credit risk). Short Term facilities - rating 'PR1'(indicating strong capacity for timely payment of Short Term debt obligations and lowest credit risk).

Archies Limited has informed the Exchange vide notes to Accounts in the Unaudited Financial Results for the quarter ended December 31, 2008 (taken on record by the Board of Directors of the Company at its meeting held on January 28, 2009) that: "The Company has retained its A1+ rating from ICRA for Rs. 10 Crore commercial paper & short term debt programme".

Indiabulls Financial Services Limited has informed the Exchange that "CRISIL has assigned its highest rating of "P1+" (pronounced 'P one plus') to the Rs.50 Billion (enhanced from Rs.40 billion) Short-Term Debt Programme, of the Company".

Bgr Energy Systems Limited has informed the Exchange that: "ICRA Limited have assigned the following ratings in respect of the lines of credit (LOC) of the Company: a) "LA-" rating in respect of the long term facilities, viz., fund based facilities of Rs.2296 crores and non fund based facilities of Rs. 5319 crores, which indicates adequate credit quality and carries average credit risk. b) "A2+" rating in respect of the short term facilities, viz., non fund based facilities of Rs.131 crores, which indicates above average credit quality rating. The rating rationale published by ICRA is availa

Solar Explosives Limited has informed the Exchange regarding credit ratings has been assigned to the various bank facilities of Solar Explosives Limited. 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/Solar_CR_19012009.zip target=NEW> For more details click here.</a>

Allahabad Bank has informed the Exchange that "Crisil vide their letter No. MR/FSR/ALLHBAN/2008-09/1429 dated 16-01-2009 has assigned "AA/Stable" (pronounced "double A with stable outlook") rating to our proposed Rs.400.00 crore Upper Tier II Bonds".