Ratings till 20aug2010

Rating / Grading Actions

August 20, 2010 ICRA assigns conditional LBBB-(SO) rating to the bank facilities of Pune EmbassyProjects Private Limited

August 20, 2010 ICRA assigns LBB-/Stable and A4 rating to bank limits of Lakshmi Sugar Mills Co.Limited

August 20, 2010 ICRA assigns LB+ to bank facilities of Mahalakhsmi Profiles Private Limited

August 20, 2010 ICRA retains ratings of IBN18 Broadcast Limited; changes rating outlook

August 20, 2010 ICRA retains the ratings of Network 18 Media and Investments Limited

August 20, 2010 ICRA retains ratings of Television Eighteen India Limited; changes rating outlook

August 20, 2010 ICRA reaffirms LBB- and A4 ratings to bank facilities of Samrat Plywood Limited;assigns stable outlook

August 20, 2010 ICRA suspends the ratings for bank facilities of Royal Regency Fassions PrivateLimited

August 20, 2010 ICRA suspends the ratings for bank facilities of Siomond Pharmaceuticals PrivateLimited

August 20, 2010 ICRA suspends the ratings for bank facilities of Amit Medicos

August 20, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of DEETEE Industries Limited;assigns stable outlook

August 20, 2010 ICRA assigns LB+ rating to the long term bank facilities and A4 rating to short termbank facilities of Umang Boards Private Limited;

August 20, 2010 ICRA reaffirms LBB rating for the bank facilities of OPG Power Gujarat Private Limited;assigns stable outlook

August 20, 2010 ICRA assigns LBB+/A4+ rating to bank facilities of C.Dinesh & Company PrivateLimited

August 20, 2010 ICRA assigns A1+ rating to the proposed Rs. 200 crore short term facilities of GodrejConsumer Products Limited (GCPL)

August 20, 2010 ICRA upgrades the ratings assigned to the bank facilities of SNC Power Corporation(P) Limited; assigns Stable outlook

August 20, 2010 ICRA assigns LBB (stable) and A4 ratings to the bank facilities of RTStar Diamonds(RTSD)

August 20, 2010 ICRA reaffirms issuer rating of IrAAA to SBI DFHI Limited

August 20, 2010 ICRA downgrades and suspends the rating for bank facilities of Vardhman AgenciesPrivate Limited

August 20, 2010 ICRA assigns LBBB- and A3 ratings to the bank facilities of Vasu Chemicals; assignsstable outlook

August 19, 2010 ICRA assigns LBB-/Stable and A4 ratings to bank facilities of Venky Hi-Tech IspatLimited

August 19, 2010 ICRA reaffirms ICOMM Tele Limited long-term rating at LBBB- and short-term rating atA3; rated amount enhanced

August 19, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Ruby Bus Private Limited;assigns stable outlook

August 19, 2010 ICRA assigns LBB rating to bank facilities of Shreenathji Cotton Industries

August 19, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Jaswant & Co.

August 19, 2010 ICRA upgrades Lilliput Kidswear Limited’s short-term rating to A1; re-affirms thelong-term rating at LA- and assigns A1 rating to the Commercial Paper Programme

August 19, 2010 ICRA assigns LA (Stable) rating to proposed Non Convertible Debenture program ofPeninsula Land Limited

August 19, 2010 ICRA assigns LAA- to the Upper Tier II Bonds Programme of Yes Bank Limited

August 19, 2010 ICRA reaffirms an A1+ rating to Short Term Debt programme of Aditya Birla FinanceLimited (Erstwhile Birla Global Finance Company Limited)

August 18, 2010 ICRA reaffirms the LAA- and A1+ ratings for bank facilities and MAA- rating for FixedDeposit programme of Oriental Hotels Limited, rated amount enhanced; long termratings carry a stable outlook

August 18, 2010 ICRA releases an update on the performance of ABS pools

August 18, 2010 ICRA assigns A1+ to the enhanced Short Term Debt Programme of InfrastructureDevelopment Finance Company Limited; reaffirms other ratings

August 18, 2010 ICRA assigns A3 rating for the bank facilities of AG Granites Private Limited

August 18, 2010 ICRA assigns A4+ rating for the bank facilities of Amman Granites

August 18, 2010 ICRA reaffirms the LA+(SO) rating assigned to the bond programme of MaduraiMunicipal Corporation – Inner Ring Road Project

August 18, 2010 ICRA assigns LA+ (SO) and A1 (SO) ratings to the bank facilities of Abhisar BuildwellPrivate Limited

August 18, 2010 ICRA assigns LBB and A4 ratings to bank facilities of CMI Limited; assigns stableoutlook for long term rating

August 18, 2010 ICRA re-affirms the LBBB and A2 ratings for the bank facilities of Virgin Mobile IndiaPrivate Limited; assigns stable outlook

August 18, 2010 ICRA re-affirms the LBBB- rating assigned to the fund based and non-fund basedfacilities of Modern Industries; assigns stable outlook

RatingActions http://www.icra.in/RatingActions.aspx

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facilities of Modern Industries; assigns stable outlook

August 18, 2010 ICRA assigns LA+ rating to the proposed bank facilities of Mahindra LifespaceDevelopers Limited

August 18, 2010 ICRA assigns LBB+(stable)/A4+ ratings to the bank facilities of Terram GeosyntheticsPrivate Limited.

August 18, 2010 ICRA assigns LBB (Stable)/ A4 ratings to the bank facilities of Steel & Metals

August 18, 2010 ICRA upgrades Siti Energy Limited’s long term rating to LBB-; reaffirms short termrating at A4

August 18, 2010 ICRA assigns LB and A4 ratings to the bank facilities of RTStar Jewelry Private Limited(RTSJPL)

August 18, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of SP Spinning Mills PrivateLimited; assigns stable outlook

August 17, 2010 ICRA Withdraws Rating Assigned to the Long Term Non-Convertible DebentureProgramme of Trent Limited

August 17, 2010 ICRA revises the rating for bank facilities of Salora International Limited

August 17, 2010 ICRA reaffirms LAA+ rating to long term bank lines and A1+ rating to short termborrowing programme of GIC Housing Finance Limited

August 17, 2010 ICRA assigns LBBB- rating to the bank facilities of GMR Sports Private Limited; assignsa stable outlook

August 17, 2010 ICRA assigns LB+ and A4 ratings to bank facilities of Shree Seco Private Limited

August 16, 2010 ICRA assigns LBBB- rating to the bank facilities of Annapurna Studios Private Limited

August 16, 2010 ICRA reaffirms the LBBB+ and A2+ ratings assigned to bank lines of Antique GranitoPrivate Limited; assigns a stable outlook

August 16, 2010 ICRA upgrades the rating for the bank facilities of Goenka Diamond & Jewels Limited(GDJL)

August 16, 2010 ICRA re-affirms the LBBB- and A3 ratings for bank facilities of Khazana JewelleryPrivate Limited

August 16, 2010 ICRA assigns A1+ rating to the Rs. 15 crore Short Term Debt programme of KotakCommodity Services Limited

August 16, 2010 ICRA revises the ratings for bank facilities of Model Infra Corporation Private Limited toLBBB-/A3 and assigns a stable outlook

August 16, 2010 ICRA assigns A2 (SO)& rating to bank facilities of NSL Tidong Power GenerationPrivate Limited

August 16, 2010 ICRA upgrades the ratings for the bank facilities of OPG Power Generation PrivateLimited to LBBB-/A3; assigns stable outlook

August 16, 2010 ICRA assigns A2 rating to the bank facilities of Pradeep Stainless India Private Limited

August 16, 2010 ICRA assigns LBBB+ and A2+ ratings for the bank facilities of Resil Chemicals PrivateLimited

August 16, 2010 ICRA reaffirms LBB+ rating to bank facilities of RKSK Overseas Private Limited;assigns stable outlook, rated amount enhanced

August 16, 2010 ICRA assigns LBBB (Stable) and A3+ ratings to enhanced bank facilities of SaiRegency Power Corporation Limited

August 16, 2010 ICRA assigns LAAA rating with a stable outlook to fresh Rs. 50 crore Non ConvertibleDebenture Programme; reaffirms highest ratings to various debt instruments of SBIGlobal Factors Limited

August 16, 2010 ICRA assigns LBB- and A4 ratings to the bank facilities of Shyam Timber PrivateLimited; assigns stable outlook

August 16, 2010 ICRA reaffirms LBB and A4 ratings to bank facilities of Star Agro Marine ExportsPrivate Limited

August 16, 2010 ICRA reaffirms A3 ratings for the bank facilities of Sunstar Overseas Limited; alsoassigns LBBB- rating with stable outlook

August 16, 2010 ICRA withdraws rating assigned to the short term debt programme of Jamnalal SonsPrivate Limited

August 13, 2010 ICRA assigns LBB- and A4 ratings to the bank facilities of Spa Ceramic Private Limited

August 13, 2010 ICRA assigns A4+ rating to bank facilities of Flawless Jewellery Private Limited

August 13, 2010 ICRA upgrades Deepak Fertilisers & Petrochemicals Corporation Limited’s long termrating to LAA; reaffirms the short term rating at A1+

August 13, 2010 ICRA places the ratings of Madhu Mineral Enterprises on watch with negativeimplications

August 13, 2010 ICRA assigns LB+ rating to bank facilities of Raj Rajeshwari Techno Fab (P) Limited

August 13, 2010 ICRA upgrades the ratings for bank facilities of Kanodia Technoplast Limited to LBB-and A4

August 13, 2010 ICRA assigns IPO Grade 4 to the proposed Initial Public Offering of VA Tech WabagLimited

August 13, 2010 ICRA assigns LBB (stable) and A4 ratings to bank facilities of Akshay InsulatedConductors

August 13, 2010 ICRA assigns LBBB- and A3 ratings to the bank facilities of Express Publications(Madurai) Limited; stable outlook assigned.

August 13, 2010 ICRA reaffirms the ratings for bank facilities of Vardhman Polytex Limited


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August 13, 2010 ICRA reaffirms the ratings for bank facilities of Vardhman Polytex Limited

August 13, 2010 ICRA assigns LBBB- and A3 ratings to enhanced bank facilities of VS Lignite PowerPrivate Limited

August 13, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Falcon Business ResourcesPrivate Limited; assigns stable outlook for long term rating

August 12, 2010 ICRA LIMITED: UNAUDITED FINANCIAL RESULTS FOR THE FIRST QUARTERENDED JUNE 30, 2010

August 12, 2010 ICRA assigns LBB-/A4 rating to the bank facilities of Rima Transformers & ConductorsPrivate Limited; assigns stable outlook

August 12, 2010 ICRA assigns LAAA rating to the bond programmes of NTPC

August 12, 2010 ICRA has assigned an IPO Grade 2 to the proposed IPO of Bedmutha IndustriesLimited

August 12, 2010 ICRA assigns LBBB (Stable) and A3+ ratings to bank facilities of GEA BGR EnergySystem India Limited

August 12, 2010 ICRA assigns LBB-/Stable rating to bank facilities of Nextgen Printers Private Limited

August 12, 2010 ICRA reaffirms the LBBB+(SO) and A2(SO) ratings for the bank facilities of QuESTMachining and Manufacturing Private Limited

August 12, 2010 ICRA upgrades the ratings for the bank facilities of Dhanuka Laboratories Limited

August 12, 2010 ICRA reaffirms the LBBB+ rating for the bank facility of QuEST Holding Company Inc.

August 12, 2010 ICRA assigns a rating of LBB- to the bank lines of Ramprastha Buildwell Private Limited

August 12, 2010 ICRA assigns a rating of LBB- to the bank lines of Ramprastha Estates Private Limited

August 12, 2010 ICRA assigns a rating of LBB- to the bank lines of Ramprastha Greens Private Limited

August 12, 2010 ICRA reaffirms the long-term rating of Botil Oil Tools India Private Limited at LBBB;revises the short-term rating from A2 to A3+

August 12, 2010 ICRA withdraws A1+ rating to the short term debt programme of Birla Sun Life AssetManagement Company Limited (BSLAMC)

August 12, 2010 ICRA assigns LAA+ (stable) rating to the proposed Rs. 200 crore, Subordinated DebtProgramme and the Rs. 500 crore, Non Convertible Debenture Programme of BajajAuto Finance Limited

August 12, 2010 ICRA assigns LBBB/Stable and A3+ ratings to bank facilities of Nezone IndustriesLimited

August 11, 2010 ICRA upgrades the ratings of the bank facilities of Sri Krishna Pharmaceuticals Limitedto LBBB (Stable)/A3+ from LBBB-/A3; withdraws the LBBB- ratings of the term loanfacility

August 11, 2010 ICRA assigns LAA- rating to NCD programme of Prism Cement Limited; assigns astable outlook

August 11, 2010 ICRA reaffirms LBB+ (stable) and A4+ ratings for the enhanced bank facilities ofCapital Foods Limited (CFL); also assigns LBB+ (stable) rating to corporate loans ofCFL

August 11, 2010 ICRA reaffirms the ratings assigned earlier to the subordinated non-convertibledebenture programme and short-term debt programme of Srei Infrastructure FinanceLimited; assigns stable outlook

August 11, 2010 ICRA assigns LBB (stable) and A4 ratings for the bank facilities of Jay Pee & Co.

August 11, 2010 ICRA reaffirms highest credit quality ratings of HDFC Limited; assigns A1+ rating to theenhanced STD programme

August 11, 2010 ICRA assigns LB+ and A5 ratings to bank facilities of Imperial Fastners Private Limited

August 11, 2010 ICRA reaffirms the LA+ rating for bank facilities of Mahindra Navistar AutomotivesLimited, rated amount enhanced

August 11, 2010 ICRA assigns LBB and A4 ratings to bank facilities of R.K. Metal & Plastic PrivateLimited

August 11, 2010 ICRA reaffirms the LBBB and A3+ ratings for the bank facilities of Quality Engineeringand Software Technologies Private Limited

August 11, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Bedmutha Industries Limited;assigns stable outlook

August 10, 2010 ICRA assigns LBBB+ (stable) and A2+ ratings to the bank facilities of Loha IspaatLimited

August 10, 2010 ICRA revises the ratings for the bank facilities of Zylog Systems Limited

August 10, 2010 ICRA assigns LB+ and A4 rating to the bank facilities of Palla Textiles Private Limited

August 10, 2010 ICRA reaffirms the LBBB+(SO) and A2(SO) ratings for the bank facilities of QuESTSEZ Development Private Limited

August 10, 2010 ICRA downgrades the long term rating of Vaibhav Corporation Private Limited to LB

August 10, 2010 ICRA assigns LBBB-/A3 ratings to the bank facilities of Axa Parenterals Limited

August 10, 2010 ICRA assigns LBB (stable) rating to fresh long-term loans of Gokak Textiles Limited;reaffirms the LBB and A4 ratings for working capital bank facilities

August 10, 2010 ICRA revises the ratings for the bank facilities of Bajaj Motors Limited; rated amountenhanced

August 10, 2010 ICRA assigns LBB- and A4 ratings to the bank facilities of SNQS International SocksPrivate Limited; stable outlook assigned

August 10, 2010 ICRA reaffirms the LAA- and A1+ ratings to the bank lines of Transasia Bio-MedicalsLimited. Assigns stable outlook to long term rating


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Limited. Assigns stable outlook to long term rating

August 10, 2010 ICRA reaffirms LBBB- rating for the bank limits of Adani Logistics Limited; assignStable outlook

August 10, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Wingsfield Knitwear PrivateLimited; assigns stable outlook

August 10, 2010 ICRA assigns LBB/A4 rating to the bank facilities of Bharatkumar Indrasen TradingPrivate Limited

August 10, 2010 ICRA withdraws the ratings for commercial paper programme of H&R Johnson (India)Ltd.

August 9, 2010 ICRA assigns LBB- and A4 ratings to the bank facilities of H. K. Cotton Industries

August 9, 2010 ICRA reaffirms an A2+ rating to the bank limits of Emkay Global Financial ServicesLimited (EGFSL)

August 9, 2010 ICRA reaffirms short term rating, withdraws long term rating of Ramco Systems Limitedbased on guarantee from Madras Cements Limited and upgrades short term rating forits enhanced bank facilities based on guarantee from Ramco Industries Limited

August 9, 2010 ICRA assigns A1+ rating to the Rs. 500 crore (enhanced from Rs 400 crore) short termdebt/Commercial Paper programme of Oscar Investments Limited

August 9, 2010 ICRA places the ratings of Mineral Enterprises Limited on watch with negativeimplications

August 9, 2010 ICRA places the ratings of BMM Ispat Limited on watch with negative implications

August 9, 2010 ICRA places the ratings of Bharat Mines and Minerals on watch with negativeimplications

August 9, 2010 ICRA upgrades ratings of Electronica Finance Limited to LBBB+ and A2

August 9, 2010 ICRA Places Three Port Companies on Rating Watch with Negative Implications

August 9, 2010 ICRA places LA rating assigned to the Rs. 100 crore term loan programme ofMormugao Port Trust (MPT) under rating watch with negative implications

August 9, 2010 ICRA places the ratings assigned to the bank lines of SICAL Iron Ore Terminals Limitedon rating watch with negative implications

August 9, 2010 ICRA places the ratings of Shiva Shankar Minerals Limited on watch with negativeimplications

August 9, 2010 ICRA reaffirms LA- and A1 ratings to bank facilities of Lafarge Aggregates andConcrete (India) Private Limited

August 9, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Yazaki Wiring TechnologiesIndia Limited; stable outlook assigned

August 9, 2010 ICRA assigns LBB rating to bank facilities of Hindon Forge Private Limited; assignsstable outlook

August 9, 2010 ICRA assigns long term ratings of LBBB- and short term ratings of A3 to the bank linesof Aloka Exports and assigns a stable outlook on the long term ratings

August 9, 2010 ICRA assigns LBB+ rating to bank facilities of BCC Estates Private Limited

August 9, 2010 ICRA retains LAA- Ratings for Cholamandalam Investment and Finance Company Ltd;removes ‘Rating Watch with Developing Implications’; assigns 'Stable Outlook'

August 9, 2010 ICRA places the rating assigned to the bank lines of Krishnapatnam Port CompanyLimited on rating watch with negative implications

August 6, 2010 ICRA assigns LBB (Stable) / A4 ratings to the bank facilities of Marinelines ShipBreakers Private Limited

August 6, 2010 ICRA places the ratings of bank lines of Keti Construction (India) Limited under ratingwatch with developing implications

August 6, 2010 ICRA places the rating of the term loan limit of Keti Sangam Infrastructure (India)Limited on rating watch with developing implications; rated amount enhanced from Rs.180 crore to Rs. 200 crore

August 6, 2010 ICRA reaffirms LAAA(SO) rating of Purchaser Payouts and upgrades the rating ofSecond Loss Facility under a loan receivables assignment transaction originated byShriram Transport Finance Co. Ltd.

August 6, 2010 ICRA reaffirms the LBB and A4 ratings for bank facilities of Vasundhara Cotton MillsPrivate Limited; assigns stable outlook

August 6, 2010 ICRA assigns the LBB+ rating to the bank facilities of Sterling Oil Resources Limited;assigns stable outlook

August 6, 2010 ICRA assigns LAA rating to the Rs. 300 crore Lower Tier 2 bonds programme of Punjaband Sind Bank

August 6, 2010 ICRA assigns LA+ rating to the enhanced bank facilities of Apeejay Surrendra ParkHotels Limited; stable outlook assigned

August 6, 2010 ICRA revises the rating for bank facilities of B.L. Kapur Memorial Hospital

August 5, 2010 Thirteenth Finance Commission: Implications of Key Recommendations for StateGovernments

August 5, 2010 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of Minda CorporationLimited; assigns Stable outlook

August 5, 2010 ICRA reaffirms A1+ rating to the Rs. 2100 crore short term debt programme of RHCHolding Private Limited

August 5, 2010 ICRA assigns LBB (stable) and A4 ratings to the bank facilities of Duroshox PrivateLimited


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Limited

August 5, 2010 ICRA assigns LB rating to the bank facilities of Abhyudaya Educational Trust

August 5, 2010 ICRA assigns LBB- rating to bank facilities of Valentine Jewellery (India) Private Limited

August 5, 2010 ICRA assigns LBB-/A4 ratings for the bank facilities of JN Auto Private Limited; assignsstable outlook

August 5, 2010 ICRA withdraws rating assigned to the short term line of credit of Suresh Brothers

August 5, 2010 ICRA upgrades the ratings for bank facilities of Sai Regency Power Corporation Limited

August 5, 2010 ICRA reaffirms a rating of LBBB+/A2+ to the bank lines of Ponni Sugars (Erode)Limited

August 5, 2010 ICRA assigns LB+ ratings to the bank facilities of Dev Fun Point Reality Private Limited

August 5, 2010 ICRA reaffirms A4 rating for bank facilities of Monarch Gems

August 5, 2010 ICRA reaffirms ratings assigned to Shasun Chemical and Drugs Limited; revises outlookto stable from negative

August 5, 2010 ICRA withdraws rating assigned to the Commercial Paper Programme of ShasunChemicals And Drugs Limited

August 4, 2010 ICRA reaffirms high credit quality rating to the long term debt programmes of KotakMahindra prime Limited; outlook revised from ‘Stable’ to ‘Positive’

August 4, 2010 ICRA assigns LAA- to the Hybrid Tier I Bonds Programme of Yes Bank Limited

August 4, 2010 ICRA assigns LA- and A1 ratings to enhanced bank facilities of Rosa Power SupplyCompany Limited

August 4, 2010 ICRA assigns LBB/ A4 ratings to the bank facilities of Saravana Textiles Private Limited

August 4, 2010 ICRA assigns LB and A4 ratings to the bank facilities of Aakash Tiles Private Limited

August 4, 2010 ICRA upgrades the ratings for bank facilities of Ambika Cotton Mills Limited

August 4, 2010 ICRA reaffirms LBBB- rating for the bank facilities of Adilabad Expressway PrivateLimited; assigns negative outlook

August 4, 2010 ICRA revises the rating for the bank limits of Great Eastern Energy Corporation Limitedfrom LA- to LBBB+; assigns Stable outlook

August 4, 2010 ICRA assigns LBB+ and A4+ ratings to the bank facilities of ASP Sealing ProductsLimited; assigns stable outlook

August 4, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Virgo Polymers (India)Limited

August 4, 2010 ICRA reaffirms the LBBB/A2 ratings for the bank facilities of Metro Exporters PrivateLimited; assigns stable outlook

August 4, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Icon Granito Private Limited;assigns stable outlook

August 4, 2010 ICRA assigns LBB- and A4 ratings to the bank facilities of Agroflex Reinforce Inc.

August 4, 2010 ICRA reaffirms highest credit quality rating to AIG Short Term Fund

August 3, 2010 ICRA reaffirms A1+ rating to bank lines of SBI funds Management Private Limited

August 3, 2010 ICRA assigns LAA rating with positive outlook to the Rs. 200 crore Non-ConvertibleDebentures Programme of Sundaram BNP Paribas Home Finance Limited; outlook onother long term ratings revised to positive

August 3, 2010 ICRA re-affirms the LAA-(SO) rating assigned to the Term Loan of Sistema ShyamTeleservices Limited and assigns stable outlook

August 3, 2010 ICRA assigns Mars Builders long-term rating at LBB+ and assigns stable outlook

August 3, 2010 ICRA assigns LBBB- and A3 ratings to the bank facilities of Scientech TechnologiesPrivate Limited; assigns stable outlook

August 3, 2010 ICRA reaffirms LBBB- and A3 ratings to enhanced bank facilities of Emitec EmissionControl Technologies (India) Private Limited; assigns stable outlook

August 3, 2010 ICRA revises the ratings for the bank facilities of M.S. Khurana Engineering Limited;assigns stable outlook

August 3, 2010 ICRA reaffirms LA- rating for the long term bank limits and A2+ rating for short termbank limits of Sinosteel India Private Limited; assigns stable outlook

August 3, 2010 ICRA assigns LA+/Stable rating to the enhanced Bank Limits of Manappuram GeneralFinance and Leasing Limited; re-affirms outstanding ratings

August 3, 2010 ICRA withdraws rating assigned to the long term Non-Convertible Debenture/ PartiallyConvertible Debenture Programme of Umang Dairies Limited

August 2, 2010 ICRA assigns A1+ rating to Rs. 50 crore CP/STD programme of Swaraj Mazda Limited

August 2, 2010 ICRA revises the bank lines ratings of Oswal Spinning and Weaving Mills Limited;places ratings on notice of withdrawal

August 2, 2010 ICRA reaffirms an A4+ rating to the bank limits of Crosseas Capital Services privateLimited

August 2, 2010 ICRA reaffirms the LBBB+ and A2+ ratings for bank facilities of Continental EnginesLimited; assigns Stable outlook

August 2, 2010 ICRA downgrades the long term rating of Quintegra Solutions Limited to LD

August 2, 2010 ICRA assigns LBBB- and A3 ratings to the enhanced bank facilities of LT FoodsLimited; assigns stable outlook

August 2, 2010 ICRA assigns LBBB- and A3 ratings to the enhanced bank facilities of Daawat FoodsLimited(erstwhile Daawat Foods Private Limited); assigns stable outlook


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Limited(erstwhile Daawat Foods Private Limited); assigns stable outlook

August 2, 2010 ICRA suspends the ratings for the bank facilities of Magnum Ventures Limited

July 30, 2010 ICRA reaffirms the LBBB+ and A2+ ratings for the bank facilities of Bihar TubesLimited; assigns stable outlook

July 30, 2010 ICRA assigns LA- rating to the term loan of Green Infra Wind Energy Private Limited(GIWEPL)

July 30, 2010 ICRA assigns LBB (Stable) rating to bank facilities of Koppal Green Power Limited

July 30, 2010 ICRA assigns LBB-(Stable) rating to bank facilities of SNC Foods Private Limited

July 30, 2010 ICRA assigns LBB+ (stable) ratings to the bank facilities of Chandu Agencies

July 30, 2010 ICRA assigns LBB- rating to bank facilities of Eastern Himalaya Breweries PrivateLimited

July 30, 2010 ICRA assigns LBBB- / A3 ratings to the bank facilities of F. Harley & Company PrivateLimited; assigns stable outlook

July 30, 2010 ICRA reaffirms the ratings for PTCs and Purchaser Payouts backed by pools of Vehicleand Equipment finance Loans originated by Reliance Capital Limited (RCL)

July 30, 2010 ICRA reaffirms the ratings for bank facilities of Siesta Hospitality Services Limited;assigns stable outlook

July 30, 2010 ICRA assigns LAA- to the Upper Tier II Bonds Programme of Yes Bank Limited

July 30, 2010 ICRA assigns LB+ and A4 ratings to bank facilities of SSK Exports Limited

July 30, 2010 ICRA reaffirms the LA+ rating for bank facilities of Grant Thornton; assigns stableoutlook

July 30, 2010 ICRA reaffirms the LA+ rating for bank facilities of Walker Chandiok & Company;assigns stable outlook

July 30, 2010 ICRA assigns LBB- rating to bank facilities of M/s D.N.K; assigns stable outlook

July 30, 2010 ICRA upgrades Universal Comfort Product Limited’s long-term rating to LAA- andassigns stable outlook; re-affirms the short-term rating at A1+

July 30, 2010 ICRA assigns LC rating to bank facilities of Sri Bhagwan Mahaveer Jain Educationaland Cultural Society

July 30, 2010 ICRA reaffirms ratings assigned to Pass Through Certificates (PTCs) under 4 mortgagebacked securitisation (MBS) transactions originated by ICICI Bank Ltd. (IBL)

July 30, 2010 ICRA assigns IPO Grade 3 to the proposed Initial Public Offering of AcropetalTechnologies Limited

July 30, 2010 ICRA reaffirms the LB+ and A4 ratings for bank facilities of Gini & Jony Limited

July 30, 2010 ICRA assigns A4+/LBB+ rating to the bank lines of Vazir Polymers Limited

July 30, 2010 ICRA places the ratings assigned to the bank lines of Halonix Limited on rating watchwith developing implications

July 30, 2010 ICRA reaffirms LBB and A4 ratings to the bank facilities of Sri Lakshmikantha SpinnersLimited; assigns stable outlook

July 30, 2010 ICRA assigns LBB (Stable) Serveall Land Developers Private Limited

July 30, 2010 ICRA upgrades the ratings for bank facilities of Juken Uniproducts Private Limited;assigns Stable Outlook

July 30, 2010 ICRA upgrades the ratings for bank facilities of Uniproducts (India) Limited; assignsStable Outlook

July 30, 2010 ICRA assigns LA- rating to the term loan of Acme Telecom Assets Limited and assignsstable outlook

July 30, 2010 ICRA assigns LBB- (stable) and A4 ratings to the bank lines of Shree Om ShirtingsPrivate Limited

July 30, 2010 ICRA reaffirms ratings of the senior PTC tranches and Liquidity Facility, and upgradesrating of Second Loss Credit Collateral in an ABS transaction originated by HDFC Bank

July 30, 2010 ICRA assigns LBB/A4 rating for the bank lines of Ram Fashion Exports Private Limited

July 30, 2010 ICRA places the LBBB- rating assigned to the bank facilities of Saville Estates PrivateLimited on notice of withdrawal

July 30, 2010 ICRA suspends the ratings for the bank facilities of Alpha Services

July 30, 2010 ICRA assigns LAA+/Stable rating to the proposed non convertible debentureprogramme of Dr. Reddy’s Laboratories Limited

July 30, 2010 ICRA assigns LBBB- / A3 ratings to the bank facilities of F. Harley & Company PrivateLimited; assigns stable outlook

July 30, 2010 ICRA assigns LBB- (Stable) / A4 ratings to bank lines of Granite Mart Limited

July 29, 2010 ICRA assigns LAA and A1+ ratings (under rating watch with negative implications) toenhanced bank facilities of North Delhi Power Limited (NDPL)

July 29, 2010 ICRA assigns LBBB- rating to bank facilities of Silicon Institute of Technology

July 29, 2010 ICRA reaffirms the ratings for bank facilities of Haldiram Foods International Limited;assigns stable outlook

July 29, 2010 ICRA upgrades the ratings for bank facilities of Komal Foods Private Limited; assignsstable outlook

July 29, 2010 ICRA reaffirms A1+ rating to Reliance Capital Limited’s short term debt programme

July 29, 2010 ICRA revises the ratings for bank facilities of Winwind Power Energy Private Limited;assigns stable outlook


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assigns stable outlook

July 29, 2010 ICRA assigns LB+/A4 rating for the bank lines of Ganeshprasad Impex Private Limited

July 29, 2010 ICRA assigns LBB-/A4 rating for the bank lines of Patel Wood Works & Timber Mart

July 29, 2010 ICRA reaffirms LBBB- and assigns A3 ratings to bank facilities of Shri Rathi Steel(Dakshin) Limited; assigns stable outlook

July 29, 2010 ICRA reaffirms LBBB- and assigns A3 ratings to bank facilities of Shri Rathi SteelLimited; assigns stable outlook

July 29, 2010 ICRA reaffirms the LBBB(Stable) and A2 ratings for bank facilities of The YamunaSyndicate Limited, rated amount enhanced

July 29, 2010 ICRA assigns LBBB+ rating to long term fund based bank limits and A2+ rating to shortterm non fund based bank limits of Essel Shyam Communication Limited and assignspositive outlook

July 29, 2010 ICRA assigns LBBB+ rating to long term fund based bank limits and A2+ rating to shortterm non fund based bank limits of Essel Shyam Technologies Limited and assignspositive outlook

July 29, 2010 ICRA assigns short-term rating of A4 to bank lines of Omaxe Infrastructure andConstruction Limited; re-affirms the long-term rating at LBB- with stable outlook

July 29, 2010 ICRA assigns LAA and A1+ ratings to Non Convertible Debentures and CP/ short termdebt programme of DIC India Limited

July 29, 2010 ICRA revises the rating assigned to the bank facilities of Acropetal TechnologiesLimited; assigns stable outlook

July 28, 2010 ICRA re-affirms the LBB rating assigned to Fund Based Limits of DD Properties PrivateLimited and assigns stable outlook

July 28, 2010 ICRA reaffirms the A1+ rating of Naman Finance & Investments Private Limited

July 28, 2010 ICRA assigns the LBB rating to the bank facilities of Colorant Limited; assigns stableoutlook

July 28, 2010 ICRA assigns LB and A4 ratings to bank facilities of Sarvpriya Industries Limited

July 28, 2010 ICRA downgrades the ratings assigned to the bank facilities of Hind Metals & IndustriesPrivate Limited

July 28, 2010 ICRA reaffirms LBBB (SO)/ A2 (SO) ratings to the bank facilities of Adcock IngramLimited

July 28, 2010 ICRA reaffirms A4+/LBB+ (Stable) ratings for the bank limits of Lalsons JewellersLimited

July 28, 2010 ICRA assigns LBB+ rating to bank facilities of Flicker Projects Private Limited

July 28, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Anil Special Steel IndustriesLimited; assigns stable outlook

July 28, 2010 ICRA assigns LBB (stable)/A4 ratings to the bank facilities of Devkinandan J. Gupta.

July 28, 2010 ICRA reaffirms LBB- / A4 ratings to the bank facilities of The Madras Medical Mission,rated amount enhanced

July 28, 2010 ICRA assigns LBBB- rating to bank facilities of Baba Arts Limited; assigns stableoutlook

July 28, 2010 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of Apex Drugs andIntermediates Limited, rated amount enhanced. Assigns stable outlook on the long termratings

July 28, 2010 ICRA revises ratings assigned to the bank lines of Fancy Fittings Limited

July 28, 2010 ICRA revises the ratings of the various debt facilities of Tata Metaliks Limited

July 28, 2010 ICRA revises the long term rating assigned to bank limits of Dharampal Satyapal Limitedand reaffirms short term rating; assigns stable outlook

July 28, 2010 ICRA assigns LA (Stable) to bank lines of Indag Rubber Limited

July 27, 2010 ICRA reaffirms the A1+ rating of Aditya Birla Capital Limited (Erstwhile LaxminarayanInvestments Private Limited)

July 27, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Associated Electricals (Gzb)Private Limited; assigns stable outlook

July 27, 2010 ICRA assigns highest credit quality rating to Export-Import Bank of India’s Long Termdebt programme

July 27, 2010 ICRA assigns LBBB+ (stable) and A2+ ratings to bank facilities of BurckhardtCompression (India) Private Limited

July 27, 2010 ICRA revises the rating assigned to the bank facilities of Finestar Jewellery andDiamonds Private Limited [erstwhile Finestar Jewellery (India) Pvt.ltd.]

July 27, 2010 ICRA assigns the LBB+ (stable) and A4+ ratings to bank facilities of Mirha ExportsPrivate Limited

July 27, 2010 ICRA reaffirms the A1+ rating of Naman Finance & Investments Private Limited

July 27, 2010 ICRA assigns LBB+ (stable)/A4+ ratings to the bank facilities of Nova ACR Services(India) Pvt. Ltd. (erstwhile Nova Industries)

July 27, 2010 ICRA reaffirms LBBB+/A2 ratings for the bank facilities of Omax Autos Limited; assignsstable outlook

July 27, 2010 ICRA revises the ratings for long term bank facilities of Precot Meridian Limited toLBBB+ and assigns stable outlook; re-affirms the short-term rating at A2

July 27, 2010 ICRA upgrades the rating assigned to the bank limits of Rosa Power Supply CompanyLimited


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Limited

July 27, 2010 ICRA reaffirms LBB+ rating for bank facilities of Sonam Builders; assigns stable outlook

July 27, 2010 ICRA places A4+ rating assigned to the bank facilities of Sumit Diamond (India) PrivateLimited on notice of withdrawal

July 27, 2010 ICRA withdraws rating assigned to the Certificate of Deposits programme of IndusIndBank Limited

July 27, 2010 ICRA places the long-term rating of IDBI Home Finance Limited on rating watch withpositive implications

July 27, 2010 ICRA reaffirms the LBBB- (Stable) and A3 ratings for bank facilities of Kisan IrrigationsLimited, rated amount enhanced

July 27, 2010 ICRA reaffirms the LBBB- (Stable) and A3 ratings for bank facilities of Kisan MouldingsLimited, rated amount enhanced

July 27, 2010 ICRA assigns LB+ / A4 ratings to the bank facilities of Tajpuriya Woodworks PrivateLimited

July 26, 2010 ICRA assigns LBBB+/A2+ ratings to the enhanced bank facilities of ITD CementationIndia Limited, assigns negative outlook to the long-term rating

July 26, 2010 ICRA assigns A4 rating to the bank facilities of Madhu Jayanti International Limited

July 26, 2010 ICRA reaffirms LBBB- and A3 ratings for bank facilities of Desai Electronics PrivateLimited; assigns stable outlook

July 26, 2010 ICRA assigns A1+ rating to Reliance Home Finance Private Limited’s enhanced shortterm debt programme

July 26, 2010 ICRA assigns A1+ rating to Reliance Consumer Finance Private Limited’s enhancedshort term debt programme

July 26, 2010 ICRA reaffirms the rating to the bank limits of Teesta Urja Limited

July 26, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Premier Bars Private Limited;stable outlook assigned

July 26, 2010 ICRA assigns conditional LAA+(SO) rating to Series A1 PTCs issued by Pioneer Trust2010

July 26, 2010 ICRA assigns LB+ and A4 ratings to the bank facilities of Shamvik Glasstech PrivateLimited

July 26, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Link Enterprises; assignsstable outlook

July 26, 2010 ICRA revises the rating for bank facilities of Winsome Yarns Limited

July 26, 2010 ICRA withdraws ratings assigned to the Assignee Payouts originated by Share MicrofinLimited.

July 26, 2010 ICRA suspends the ratings for the bank facilities of CMS Computers Limited

July 23, 2010 ICRA reaffirms LBBB+ and A2 ratings to bank facilities of Columbia Petro Chem PrivateLimited; assigns stable outlook

July 23, 2010 ICRA reaffirms LBB rating to bank facilities of Nirmal Seeds Private Limited, ratedamount enhanced

July 23, 2010 ICRA reaffirms A1+ rating for the bank limits of Tata Petrodyne Limited

July 23, 2010 ICRA assigns LBBB- (Stable) and A3 ratings to bank facilities of Eurolife HealthcarePrivate Limited

July 23, 2010 ICRA assigns LB-/A5 rating to the bank limits of Indian Cane Power Limited

July 23, 2010 ICRA reaffirms the LBB+ and A4+ ratings to bank facilities of Soktas India PrivateLimited

July 23, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Weavette Texstyles Limited

July 23, 2010 ICRA assigns LBB- and A4 rating to the bank limits of MULTILINK

July 23, 2010 ICRA assigns LAA-(SO) Stable ratings to India Infoline Investment Services Limited’sfresh long term bank loan programme

July 22, 2010 ICRA: Private sector faces significant challenges in toll road projects

July 22, 2010 ICRA assigns LBB- rating to bank facilities of Rithwik Power Projects Limited

July 22, 2010 ICRA assigns conditional A1(SO) rating to payouts backed by a micro-finance loan pooloriginated by Grama Vidiyal Microfinance Limited (GVMFL) - GVMFL MicrofinanceLoan Pool D. A. Jul-10

July 22, 2010 ICRA assigns LBB- rating to the bank limits of Sri Sai Saptagiri Sponge Private Limited

July 22, 2010 ICRA revises rating of term loan of Shri Govind Realty Private Limited from LBB to LB+;withdraws stable outlook

July 22, 2010 ICRA assigns LB+ and A5 ratings to the bank facilities of Pavan Cotton ProductsPrivate Limited

July 22, 2010 ICRA reaffirms LBB/A4 rating to the bank facilities of Sriram Spinning Mills Limited

July 22, 2010 ICRA reaffirms the ratings assigned to Eros Resorts and Hotels Private Limited’s banklines; assigns stable outlook

July 21, 2010 ICRA assigns A1 rating to the enhanced short term debt programme (includingcommercial paper) of KEC International Limited

July 21, 2010 ICRA assigns LBB+ rating to the bank facilities of Neumann Components PrivateLimited; assigns stable outlook

July 21, 2010 ICRA assigns LA- with ‘Stable’ outlook to the proposed bond issue of West Bengal StateElectricity Distribution Company Limited; reaffirms issuer rating of IrA-


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Electricity Distribution Company Limited; reaffirms issuer rating of IrA-

July 21, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of EROS for Sanitarywares

July 21, 2010 ICRA assigns LB+ rating to bank facilities of PBA Infrastructure Limited

July 21, 2010 ICRA revises the ratings assigned to the term loans and bank limits of InternationalElectron Devices Limited (IEDL)

July 21, 2010 ICRA upgrades short term rating assigned to the bank facilities of Anugraha ValveCastings Limited; re-affirms long term rating at LBBB with a stable outlook

July 21, 2010 ICRA downgrades the ratings assigned to the bank facilities of Shyam IndustriesLimited

July 21, 2010 ICRA reaffirms the LAA- and A1+ ratings for bank facilities of Prism Cement Limited,assigns a stable outlook

July 21, 2010 ICRA withdraws the ratings for bank facilities of RMC Readymix (India) Private Limited

July 21, 2010 ICRA withdraws the ratings for bank facilities of H&R Johnson (India) Limited

July 20, 2010 ICRA reaffirms the LAA rating for bank facilities of Gujarat Guardian Limited; assignsstable outlook; withdraws the A1+ rating assigned to short-term bank facilities

July 20, 2010 ICRA re-affirms LBBB-/ A3 ratings to the bank facilities of TIL Exports Private Limited

July 20, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Jeevan Diesels and ElectricalLimited

July 20, 2010 ICRA upgrades the ratings assigned to bank facilities of Aster Teleservices PrivateLimited

July 20, 2010 ICRA reaffirms A3 rating to the bank facilities of Al-Gyas Exports Private Limited.

July 20, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Synthetic Packers PrivateLimited; assigns stable outlook

July 20, 2010 ICRA withdraw ratings assigned to the bank facilities of GMR Pochanpalli ExpresswaysPrivate Limited

July 19, 2010 ICRA assigns conditional rating to the Pass Through Certificates under loansecuritisation programme of Kotak Mahindra Prime Limited

July 19, 2010 ICRA assigns LBBB- (stable) and A3 ratings to the bank facilities of GHV (India) PrivateLimited

July 19, 2010 ICRA suspends the ratings for bank limits of Shree Agencies Private Limited

July 19, 2010 ICRA reaffirms the rating of term loan facilities of Calcom Cement India Limited

July 19, 2010 ICRA assigns LBBB rating to the bank limits of Vibha Agrotech Limited

July 19, 2010 ICRA assigns LBB rating with stable outlook and A4 ratings to the bank facilities ofUppal Ferrocast Private Limited

July 16, 2010 ICRA assigns a rating of LBBB to the bank lines of Tirthanjali Education Society

July 16, 2010 ICRA assigns LB- rating to bank facilities of Nanak Hi-Tech Private Limited

July 16, 2010 ICRA assigns LBBB- rating to the bank limits of Srishaila Constructions Private Limited

July 16, 2010 ICRA reaffirms the A4+ rating for bank facilities of Mehta Brothers Gems PrivateLimited

July 16, 2010 ICRA assigns LBB rating to the bank lines of Lucid Gems

July 16, 2010 ICRA assigns LB+ and A5 ratings to the bank facilities of Automotive Coaches andComponents Limited

July 16, 2010 ICRA revises the rating for bank facilities of Oswal F M Hammerle Textiles Limited

July 16, 2010 ICRA assigns LBB- (stable) and A4 ratings to the bank facilities of Premium ToolsPrivate Limited

July 16, 2010 ICRA reaffirms the A4+ rating for bank facilities of CJ Exporters

July 16, 2010 ICRA assigns A1 rating to short-term debt programme of PMT Machines Limited

July 16, 2010 ICRA reaffirms LAA(stable) ratings to the Non Convertible Debenture Programme ofCitifinancial Consumer Finance India Limited(CCFIL)

July 16, 2010 ICRA assigns LBB+ and A4+ ratings to the bank lines of Kamal Sponge Steel andPower Limited; assigns stable outlook

July 16, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of N.G. Projects Limited; assignsstable outlook

July 16, 2010 ICRA assigns LBB (Stable) / A4 ratings to the bank facilities of Sri VenkatachalapathySpinning Mills Private Limited

July 16, 2010 ICRA reaffirms the LBBB rating assigned to CSJ Infrastructure Private Limited; assignsstable outlook

July 16, 2010 ICRA assigns a rating of LBBB- to the bank lines of Gaursons India Limited

July 15, 2010 ICRA reaffirms LA and A1+ ratings to the bank lines of Reliance Power Limited

July 15, 2010 ICRA assigns LA- rating to long-term Bank Borrowings and A1 rating to CP Programmeof IFCI Limited

July 15, 2010 ICRA upgrades the ratings assigned earlier to the long term debt and bank borrowingsof Religare Finvest Limited to LAA-(stable); enhances the rated amount; assigns A1+rating to the enhanced short term debt programme

July 15, 2010 ICRA assigns LBB/A4 rating to the bank lines of Synfab Industries Private Limited

July 15, 2010 ICRA reaffirms the rating assigned to long term debt of Vipul Limited; also assigns LBrating to NCD programme


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rating to NCD programme

July 15, 2010 ICRA upgrades the rating assigned to the NCD programme of Tata Projects Limited

July 15, 2010 ICRA assigns LBBB+ and A2+ ratings to the bank facilities of Rice Lake WeighingSystems India Limited

July 15, 2010 ICRA reaffirms the LBB and A4 ratings to bank lines of United Brothers

July 15, 2010 ICRA assigns LBB-/A4 ratings to the bank facilities of Shree Shankar Saw Mill PrivateLimited; assigns stable outlook

July 15, 2010 ICRA assigns LBB+ rating for the bank lines of Tribhovandas Bhimji Zaveri (Delhi)Private Limited

July 15, 2010 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of Escorts ConstructionEquipment Limited

July 15, 2010 ICRA re-affirms the long term rating of Indian Hotels Company Limited with a stableoutlook

July 15, 2010 ICRA assigns LBBB-/Stable and A3 ratings to bank facilities of Indicon Logistics Limited

July 15, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Sterling Publishers PrivateLimited

July 15, 2010 ICRA upgrades the rating assigned to bank facilities of Aster Infrastructure PrivateLimited

July 15, 2010 ICRA assigns LC rating to fund-based facilities of Sawhney Builders Private Limited

July 15, 2010 ICRA assigns LBB and A4 ratings to bank facilities of RPS Infrastructure Limited

July 15, 2010 ICRA assigns LBB+ and A4+ ratings to the bank lines of Anojkumar Agarwala & Co.

July 15, 2010 ICRA suspends the ratings for bank limits of Amneal Pharmaceuticals Company (I)Private Limited

July 15, 2010 ICRA places LBB+ and A4+ ratings assigned to the bank facilities of Burn StandardCompany Limited on notice of withdrawal

July 14, 2010 ICRA reaffirms the LA+ and A1+ ratings for bank facilities of Banco Products (India)Limited

July 14, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Getz Pharma Research PrivateLimited

July 14, 2010 ICRA assigns LBB+ (Stable) and A4+ ratings to bank facilities of Shree Sant KripaAppliance Private Limited

July 14, 2010 ICRA reaffirms the ratings for PTCs and Purchaser Payouts backed by four pools ofConstruction Equipment Loans originated by SREI Equipment Finance Private Limited(SEFPL) as well as Common Cash Collateral provided in one securitisation transaction

July 14, 2010 ICRA reaffirms LA+ / A1+ ratings for bank lines of NTPC Alstom Power ServicesPrivate Limited; assigns negative outlook for long term rating

July 14, 2010 ICRA reaffirms the ratings assigned to Navayuga Engineering Company Limited’s banklines; assigns stable outlook

July 14, 2010 ICRA re-affirms LBBB-/ A3 ratings to the bank facilities of Tablets (India) Limited;withdraws the long term rating for term loan facility of Tablets (India) Limited

July 14, 2010 ICRA assigns LBBB- and A3 ratings to the bank facilities of Raaja Magnetics Limited;assigns stable outlook

July 14, 2010 ICRA upgrades ratings assigned to the bank facilities of Emerald Jewel Industry IndiaLimited; rated amount enhanced

July 14, 2010 ICRA upgrades ratings of assignee payouts backed by a commercial vehicle loan pool,and reaffirms ratings of PTC tranches / assignee payouts backed by two othercommercial vehicle and Car loan pools originated by ICICI Bank Ltd. (IBL)

July 14, 2010 ICRA upgrades ratings of two PTC tranches/ assignee payouts and three Second lossPieces or rated portions of First loss Piece, reaffirms ratings of 11 PTC tranches /assignee payouts backed by New Car and Used Car Loan pools originated by ICICIBank Ltd. (IBL)

July 14, 2010 ICRA assigns LBBB and A3+ ratings to bank facilities of TM Harbour Services PrivateLimited; assigns stable outlook

July 14, 2010 ICRA reaffirms the ratings assigned to bank lines and short term debt/ commercialpaper programme of Ranbaxy Laboratories Limited

July 14, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Bilasraika Sponge Iron IndiaPrivate Limited

July 14, 2010 ICRA assigns LA+ (stable) rating to additional long-term bank lines of DHFL VysyaHousing Finance Limited

July 14, 2010 ICRA assigns LBB+ (stable) and A4+ rating to bank facilities of Raj BuildconConstruction Limited

July 14, 2010 ICRA assigns LAAA rating to Tata Sons Limited

July 14, 2010 ICRA reaffirms LBB / A4 ratings to the bank facilities of Sai Global Yarntex (India)Private Limited; assigns Stable outlook

July 14, 2010 ICRA reaffirms LB / A4 ratings to the bank facilities of Spads Textiles Limited

July 14, 2010 ICRA places the ratings of Super Religare Laboratories Limited under Rating watch withdeveloping implications

July 14, 2010 ICRA takes note of the proposed acquisition of Piramal Diagnostic Services PrivateLimited by Super Religare Laboratories Limited

July 13, 2010 ICRA reaffirms ratings assigned to the bank lines of Adani Power Limited


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July 13, 2010 ICRA reaffirms ratings assigned to the bank lines of Adani Power Limited

July 13, 2010 ICRA reaffirms rating assigned to the bank lines of Adani Power Maharashtra Limited

July 13, 2010 ICRA reaffirms highest credit quality rating to debt schemes of Fidelity Mutual Fund

July 13, 2010 ICRA assigns LB+ and A5 ratings to bank facilities of Indhumathi Refineries PrivateLimited

July 13, 2010 ICRA assigns the LBB- and A4 ratings to the bank facilities of Rupam ConductorsPrivate Limited; assigns stable outlook

July 13, 2010 ICRA revises the rating assigned to bank facilities of Navkar Corporation Limited

July 13, 2010 ICRA assigns LA- and A2+ ratings to the bank lines of Amber Enterprises India PrivateLimited; assigns stable outlook

July 13, 2010 ICRA assigns A4 rating to bank facilities of Nikita Jewellery Private Limited

July 12, 2010 ICRA upgrades the ratings assigned to the bank facilities of Real Ispat & Power Limited

July 12, 2010 ICRA assigns LBB+ and A4+ ratings to the bank facilities of Kox Med & Lab PrivateLimited; assigns stable outlook

July 12, 2010 ICRA upgrades ratings for bank facilities of Kajaria Ceramics Limited; assigns stableoutlook for long term rating

July 12, 2010 ICRA assigns A1 to bank lines of Mosaic India Private Limited

July 12, 2010 ICRA assigns LAA rating with Positive outlook for the NCD programme of The TataPower Company Limited

July 12, 2010 ICRA downgrades the ratings assigned to the bank facilities of Just Textiles Limited

July 12, 2010 ICRA assigns LBB (stable)/A4 rating to the working capital facilities of Bloom DekorLimited

July 12, 2010 ICRA assigns LBB (stable) rating to the bank facilities of Mahati Hydro Power ProjectsPrivate Limited

July 12, 2010 ICRA reaffirms LA/A1 rating to the bank limits of B Fouress (P) Limited (BFL, formerlyBoving Fouress (P) Limited)

July 12, 2010 ICRA reaffirms LA and A1 ratings to Rs. 30 billion fund based bank limits of Wireless TTInfo Services Limited and removes the ratings from watch; assigns stable outlook

July 12, 2010 ICRA reaffirms the LBBB- (Stable) and A3 ratings to bank facilities of Shree N MElectricals Limited

July 12, 2010 ICRA downgrades the rating assigned to the bank facilities of Swati Menthol & AlliedChemicals Limited

July 12, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Bhatia Industries andInfrastructure Limited

July 12, 2010 ICRA assigns LB rating to the bank lines of HMA Food Export Private Limited

July 9, 2010 ICRA assigns A4+/LBB+ rating to the bank lines of Gold Star Diamond Private Limited

July 9, 2010 ICRA assigns LA rating to enhanced bank facilities of Automotive Axles Limited

July 9, 2010 ICRA assigns conditional LAAA(SO) rating to the Pass Through Certificates under anAsset-Backed Securitisation programme originated by Reliance Consumer FinancePrivate Limited

July 9, 2010 ICRA upgrades HSBC Ultra Short Term Bond Fund to A1+; reaffirms ratings of otherdebt schemes of HSBC Mutual fund

July 9, 2010 ICRA reaffirms highest credit quality ratings to Principal Mutual Funds debt schemes

July 9, 2010 ICRA reaffirms LBB and A4 ratings to the bank limits of Agni Steels Private Limited

July 9, 2010 ICRA reaffirms the LA and A1 ratings assigned to Bank Lines and Short Term Debt/CPprogramme of Archies Limited; assigns stable outlook

July 9, 2010 ICRA assigns A4/LBB rating to the bank lines of Shiv Jagannath Steel Private Limited

July 9, 2010 ICRA re-affirms ratings assigned to Jindal Steel and Power Limited (JSPL) and assignsa stable outlook

July 9, 2010 ICRA assigns LBB- rating with stable outlook and A4 ratings to the bank facilities ofGopal Oil Industries

July 9, 2010 ICRA withdraws ratings assigned to the Purchaser Payouts originated by GE CapitalTransportation Financial Services Limited

July 9, 2010 ICRA assigns highest credit quality rating to the Borrowing Programme of Power GridCorporation of India Limited

July 8, 2010 ICRA reaffirms LBB and A4 ratings for bank facilities of Fortuna Engineering (Nasik)Private Limited; assigns stable outlook

July 8, 2010 ICRA places the ratings of Network18 Media & Investments Limited, Television EighteenIndia Limited and IBN18 Broadcast Limited on rating watch with developing implications

July 8, 2010 ICRA assigns LBB (Stable)/ A4 rating to bank facilities of Shivalik Prints Limited

July 8, 2010 ICRA revises ratings assigned to the bank lines of Natural Sugar and Allied IndustriesLimited

July 8, 2010 ICRA reaffirms highest credit quality ratings to Shinsei Mutual Funds debt schemes

July 8, 2010 ICRA reaffirms LBB+/A4+ ratings for the bank facilities of Jeewan Motors PrivateLimited; assigns stable outlook

July 8, 2010 ICRA assigns LBB- rating to the bank lines of Waterline Hotels Private Limited

July 8, 2010 ICRA reaffirms the rating assigned to Indu Navayuga Infra Projects Private Limited’sbank lines; assigns positive outlook


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July 8, 2010 ICRA assigns LBB- and A4 ratings to the bank line of Vedant Dyestuffs IntermediatesPrivate Limited; assigns stable outlook

July 8, 2010 ICRA reaffirms highest credit quality rating to debt schemes of Tata Mutual Fund

July 8, 2010 ICRA reaffirms ratings of schemes of LIC Mutual Fund

July 8, 2010 ICRA reaffirms highest credit quality rating to schemes of Canara Robeco Mutual Fund

July 8, 2010 ICRA reaffirms highest credit quality rating to debt schemes of Baroda Pioneer Mutualfund

July 8, 2010 ICRA reaffirms ratings of schemes of HDFC Mutual fund

July 8, 2010 ICRA reaffirms highest credit quality rating to debt schemes of Birla Sunlife Mutual fund

July 8, 2010 ICRA withdraws ratings assigned to the First Loss Piece – Rated Portion provided underICICI Bank Ltd. Car and Used Car Loan Pool D.A. Dec-06.

July 7, 2010 ICRA reaffirms the LA+/A1+ ratings for bank facilities of TVS Logistics ServicesLimited; stable outlook assigned

July 7, 2010 ICRA retains IrA+ rating assigned to Municipal Corporation, Chandigarh

July 7, 2010 ICRA retains IrBBB+ rating assigned to the Madurai Municipal Corporation

July 7, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Arraycom India Limited

July 7, 2010 ICRA reaffirms the ratings assigned to the bank facilities of Secon Private Limited, ratedamount enhanced

July 7, 2010 ICRA reaffirms LBB+/A4+ ratings to the bank facilities of Shrigopal RameshkumarSales Private Limited; assigns stable outlook

July 7, 2010 ICRA reaffirms LBB+/A4+ ratings to the bank facilities of Shrigopal Rameshkumar;assigns stable outlook

July 7, 2010 ICRA assigns A4/LBB rating for the bank lines of Ajeet & Company

July 7, 2010 ICRA assigns LBB+ rating to the bank lines of UKN Esperanza

July 7, 2010 ICRA assigns LBB and A4 ratings to the bank limits of Himangi Foods Private Limited;stable outlook assigned

July 7, 2010 ICRA re-affirms A3 rating assigned to the enhanced short term credit facilities of GokulOverseas, Withdraws LBBB- Rating assigned to the long term loans

July 7, 2010 ICRA assigns LBBB-/A3 ratings to the bank facilities of SAN International; assignsstable outlook

July 7, 2010 ICRA reaffirms highest credit quality ratings to DSP BlackRock Mutual Funds debtschemes

July 7, 2010 ICRA assigns LBB+ (stable) rating to the bank lines of L.R. Sharma & Co.

July 7, 2010 ICRA assigns LBB+ (stable)/ A4+ ratings to bank facilities of RTStar Solitaires

July 7, 2010 ICRA assigns LBB (stable) / A4 ratings to bank facilities of RTStar Diamonds

July 7, 2010 ICRA assigns highest credit quality ratings to DWS Treasury Fund Cash Plan

July 7, 2010 ICRA assigns LBB (Stable) rating to fund based bank limits of Gargya Autocity PrivateLimited

July 7, 2010 ICRA assigns highest credit quality rating to the Cash Credit Limits of Power FinanceCorporation Limited

July 7, 2010 ICRA re-affirms LBBB- rating to the term loan facilities of Belgaum Wind Farms PrivateLimited; assigns stable outlook

July 5, 2010 ICRA reaffirms the LBB+ rating for bank facilities of ABW Infrastructure Limited, ratedamount enhanced

July 5, 2010 ICRA revises the rating for bank facilities of Cauvery Medical Center Limited

July 5, 2010 ICRA assigns LAA rating with stable outlook and A1+ ratings to the enhanced bank linesof IDBI Home Finance Limited

July 5, 2010 ICRA assigns LBBB- (stable) ratings to bank lines of M/s. Interjewel

July 5, 2010 ICRA upgrades short-term rating of Natco Pharma Limited to A1+; reaffirms long-termrating at LA+ with stable outlook

July 5, 2010 ICRA reaffirms LA+ and A1 ratings to the bank facilities of Sanghvi Movers Limited;assigns stable outlook, rated amount enhanced

July 5, 2010 ICRA retains ratings of 11 Commercial Vehicle loan-backed transactions originated bySundaram Finance Limited

July 5, 2010 ICRA reaffirms the LAA- / A1+ ratings for the bank facilities of Tata Elxsi Limited

July 5, 2010 ICRA upgrades rating assigned earlier to Unitech Limited; enhances the rated amount

July 5, 2010 ICRA withdraws the rating assigned to the FD programme of Gujarat State Fertilisersand Chemicals Limited

July 2, 2010 ICRA assigns Stable outlook to long term rating of Dr. Reddy’s Laboratories Limited

July 2, 2010 ICRA reaffirms highest credit quality rating to debt schemes of Mirae Asset Mutual Fund

July 2, 2010 ICRA assigns conditional LAAA (SO) ratings to the Purchaser Payouts backed bymortgage loan pool of Rs. 1,659.9 million originated by Cholamandalam Investment &Finance Company Limited

July 2, 2010 ICRA reaffirms ratings of two mortgage loan-backed transactions originated byCholamandalam Investment & Finance Company Limited

July 2, 2010 ICRA reaffirms the LBBB- (Stable) and A3 ratings to bank facilities of Sanghvi FoodsPrivate Limited


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Private Limited

July 2, 2010 ICRA reaffirms the LBBB- (Stable) and A3 ratings to bank facilities of Grain MillingCompany Private Limited

July 2, 2010 ICRA assigns the LBBB- and A3 ratings to the bank facilities of Gayatrishakti Paper andBoards Limited; assigns stable outlook

July 2, 2010 ICRA assigns LBB- to bank facilities of Anupam Traders; assigns stable outlook

July 2, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Bankey Lal Jagdish Prasad;assigns stable outlook

July 2, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Geetika Steel Traders; assignsstable outlook

July 2, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Sushila Steels; assigns stableoutlook

July 2, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Rajat Steels; assigns stableoutlook

July 2, 2010 ICRA suspends the ratings assigned to the bank facilities of Shri Bajrang Power & IspatLimited

July 2, 2010 ICRA assigns LBB+ rating to the bank facilities of Fucon Technologies Limited

July 2, 2010 ICRA reaffirms the A4 rating for the bank facilities of Crystal Granite and Marble PrivateLimited

July 2, 2010 ICRA assigns LA rating to bank facilities of PMT Machines Limited; assigns stableoutlook

July 2, 2010 ICRA assigns LBB+ rating to term loan and bank facilities of Seatrans Freight Carriers

July 2, 2010 ICRA assigns LA and A1 ratings to bank facilities of Patton International Limited

July 1, 2010 ICRA reaffirms LBB / A4 ratings to the bank facilities of YSR Spinning & Weaving MillsPrivate Limited; assigns Stable outlook

July 1, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Concept Images PrivateLimited

July 1, 2010 ICRA assigns LBBB rating to the term loan facilities of Polestar Maritime Limited

July 1, 2010 ICRA reaffirms the ratings assigned to bank lines of Honda Siel Cars India Limited;assigns stable outlook

July 1, 2010 ICRA assigns LBB rating to the bank facilities of Altius Management Advisors PrivateLimited

July 1, 2010 ICRA assigns mfAAA(SO) to PNB Suraksha Fund

July 1, 2010 ICRA assigns LAA+ to the Subordinated Bonds and LAA to the Upper Tier II BondsProgramme of IDBI Bank

July 1, 2010 ICRA reaffirms highest credit quality rating to schemes of UTI Mutual fund

July 1, 2010 ICRA assigns LBB+ rating to the bank facilities of Sobha Developers Limited

June 30, 2010 ICRA assigns LBB (Stable) rating to bank facilities of Ritemed Pharma Retail PrivateLimited

June 30, 2010 ICRA reaffirms the LAA-/A1+ rating for bank facilities of Ashok Leyland Limited;changes outlook to stable

June 30, 2010 ICRA assigns A4 rating to bank lines of C. Mahendra Infojewels

June 30, 2010 ICRA reaffirms LBB+ and A4+ ratings to bank facilities of Pandit Automotive PrivateLimited; assigns stable outlook

June 30, 2010 ICRA assigns LBB- and A4 ratings to the bank facilities of Sumeru Agro HarvestExports Private Limited

June 30, 2010 ICRA assigns rating of MAA+ with Stable outlook to the Fixed Deposit programme ofShriram Transport Finance Company Limited

June 30, 2010 ICRA assigns LBB and A4 rating to the bank facilities of M+Acer Automotive SystemsPrivate Limited

June 30, 2010 ICRA assigns LBB+ and A4+ rating to the bank facilities of Macurex Sensors PrivateLimited

June 30, 2010 ICRA reaffirms LBBB/A3+ ratings for the enhanced bank facilities of Ind-Swift Limited

June 30, 2010 ICRA assigns LBB+ and A4+ ratings to the bank facilities of Bharath Auto Cars PrivateLimited

June 30, 2010 ICRA assigns rating of A1+ to the enhanced Rs. 1.5 billion Commercial PaperProgramme of Tata Capital Housing Finance Limited

June 30, 2010 ICRA assigns LBB+ and A4+ ratings to the bank lines of S.B. & T. International Limited;assigns stable outlook

June 30, 2010 ICRA assigns LB rating to fund-based facilities of City Heart Hotels Private Limited

June 30, 2010 ICRA upgrades the short term rating of Swaraj Mazda Limited; reaffirms the long termrating and assigns stable outlook

June 30, 2010 ICRA assigns LBB- (Stable) and A4 ratings to bank facilities of Modern Chemicals

June 30, 2010 ICRA assigns LBB (Stable) rating to bank facilities of Paswara Chemicals Limited

June 30, 2010 ICRA assigns LBB (Stable) rating to bank facilities of Paswara Impex Limited

June 30, 2010 ICRA assigns LBB (Stable) rating to bank facilities of Paswara Papers Limited

June 30, 2010 ICRA withdraws LAAA rating assigned to the Long Term Bonds of Bharat SancharNigam Limited (BSNL)


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Nigam Limited (BSNL)

June 30, 2010 ICRA withdraws LBB rating assigned to the Long Term Debt Programme of SobhaDevelopers Limited

June 29, 2010 ICRA assigns LBB rating to the bank facilities of Bharath Builders

June 29, 2010 ICRA assigns LAA+/Stable rating to the Non Convertible Debenture and SubordinateDebt programme of Gruh Finance Limited

June 29, 2010 ICRA assigns LB rating to bank facilities of Triway Container Freight Station PrivateLimited

June 29, 2010 ICRA reaffirms mfA1+ratings to the debt schemes of SBI Funds Management PrivateLimited

June 29, 2010 ICRA assigns A4+/LBB+ rating to the bank lines of Diam Star Jewellery (India) PrivateLimited

June 29, 2010 ICRA assigns LA+ rating to NCDs and A1+ rating to CP of PTC India FinancialServices Limited; revises outlook on Long Term ratings from ‘Stable’ to ‘Positive’

June 29, 2010 ICRA assigns LBB-/A4 ratings to bank facilities of Viorica Properties Private Limited

June 29, 2010 ICRA assigns A3 rating to the bank facilities of Topland Exports

June 29, 2010 ICRA assigns LBBB and A3+ rating to the bank facilities of Topland Engines PrivateLimited

June 29, 2010 ICRA reaffirms the LAA & A1+ ratings of Blue Dart Express Limited

June 29, 2010 ICRA reaffirms LAA(SO) and A1+(SO) ratings of Blue Dart Aviation Limited

June 29, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Omicron Power EngineersPrivate Limited; assigns stable outlook

June 29, 2010 ICRA Withdraws Rating Assigned to the Long Term Bank Facilities of Preeti LogisticsLimited

June 29, 2010 ICRA has withdrawn the rating assigned to the Term Loan facility of Unimark RemediesLimited

June 29, 2010 ICRA places short term ratings of Reliance Infratel Limited on rating watch withdeveloping implications

June 28, 2010 ICRA upgrades the long term rating of Indian Oil Corporation Limited to LAAA

June 28, 2010 ICRA reaffirms the LBBB+ and A2 ratings for bank facilities of Unimark RemediesLimited

June 28, 2010 ICRA assigns LBBB- and A3 ratings to bank lines of Manyata Promoters PrivateLimited; assigns stable outlook

June 28, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Premier Conveyors PrivateLimited

June 28, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Deekay Impex; assigns stableoutlook

June 28, 2010 ICRA assigns LB+ rating to the bank facilities of TCS & Associates Private Limited

June 28, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Deekay Pine Board PrivateLimited; assigns stable outlook

June 28, 2010 ICRA revises the ratings for NCD and CP programme of Schwing Stetter India PrivateLimited; assigns stable outlook

June 28, 2010 ICRA assigns LB rating to bank facilities of Sri MVR Cotton Oil Mills Private Limited

June 28, 2010 ICRA upgrades the ratings assigned to Bliss GVS Pharma Limited’s bank lines

June 25, 2010 ICRA assigns LAA+ (positive outlook) rating to Indian Bank’s Lower Tier II Bondsprogramme

June 25, 2010 ICRA assigns LBB (Stable) rating to bank facilities of Vandana Vidhyut Limited

June 25, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Jailaxmi Casting & AlloysPrivate Limited

June 25, 2010 ICRA reaffirms LAA- / A1+ ratings to the bank facilities of Fisher Sanmar Limited;assigns stable outlook

June 25, 2010 ICRA assigns LBB+/ A4+ ratings to the bank facilities of Magick Woods Exports PrivateLimited

June 25, 2010 ICRA assigns LB+ rating to bank facilities of Dhanji Developers

June 25, 2010 ICRA assigns the LBB and A4 ratings to the bank facilities of AMA Industries PrivateLimited; assigns stable outlook

June 25, 2010 ICRA assigns LBB- and A4 ratings to the bank facilities of Para Products PrivateLimited; assigns stable outlook

June 25, 2010 ICRA assigns LBBB-/A3 rating to the bank facilities of APR Sacks Limited

June 25, 2010 ICRA withdraws rating assigned to the short-term debt programme (includingcommercial paper) of Raptakos, Brett & Co. Limited

June 25, 2010 ICRA withdraws ratings assigned to the PTCs issued by DISA Trust II 2009

June 25, 2010 ICRA withdraws rating assigned to PTCs Series A3 issued by Indian InfrastructureEquipment Receivables Trust Feb-08 originated by SREI Equipment Finance PrivateLimited

June 25, 2010 ICRA withdraws “A1” rating assigned to the Commerical Paper Programme of IndianContainer Leasing Company Limited

June 25, 2010 ICRA suspends the ratings for bank facilities of K.R. Pulp and Papers Limited


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June 25, 2010 ICRA suspends the rating for bank facilities of Maharishi Solar Technology PrivateLimited

June 25, 2010 ICRA assigns A1 rating to the enhanced CP programme of R P Infosystems Pvt Ltd;reaffirms ratings of bank facilities

June 25, 2010 ICRA withdraws ratings assigned to the PTCs issued by CLSS 2 Trust 2010

June 25, 2010 ICRA assigns LBBB+ and A2+ ratings to bank lines of Ajax Flori Engineering (India)Private Limited; assigns stable outlook

June 24, 2010 ICRA assigns LBB and A4 ratings to bank lines of Punjab Basmati Rice Limited; assignsstable outlook

June 24, 2010 ICRA reaffirms the LA+(SO) rating for the bond programme of Karnataka StateIndustrial Investment and Development Corporation

June 24, 2010 ICRA assigns A1+ ratings to the Short Term Debt programme of Tata CommunicationsLimited

June 24, 2010 ICRA assigns negative outlook to long term ratings of Bharti Airtel Limited; reaffirmsshort term ratings

June 24, 2010 ICRA assigns an LAA rating to the Non-Convertible Debentures Programme ofIndiabulls Financial Services Limited

June 24, 2010 ICRA assigns LBB (stable) rating to the bank credit lines of Premier Milk Foods PrivateLimited

June 24, 2010 ICRA assigns LBB rating for bank facilities of Synfab Sales Industries Limited; assignsstable outlook

June 24, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Raj Ratan Smelters Limited

June 24, 2010 ICRA assigns a rating of LB to the bank lines of Sanghvi Innovative Academy

June 24, 2010 ICRA assigns LBB+ (stable) rating to the bank lines of Satya Prakash Builders Limited

June 24, 2010 ICRA assigns LAAA rating to National Bank for Agricultural and Rural Development’s(NABARD) long term bonds programme

June 24, 2010 ICRA assigns highest credit quality ratings to Baroda Pioneer Short term Bond Fund

June 24, 2010 ICRA assigns LB- and A5 rating to bank limits of SMV Agencies Private Limited

June 24, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Autocomp Corporation PansePrivate Limited

June 23, 2010 Sugar outlook weak; ability to negotiate cane prices downwards will be key toprofitability for sugar mills in SY 2010 -11

June 23, 2010 ICRA assigns LAA- rating to the bank facilities of Shapoorji Pallonji Energy (Gujarat)Private Limited

June 23, 2010 ICRA assigns LBB(Stable) rating to bank limits of Swadeshi Aahar Private Limited

June 23, 2010 ICRA assigns LBB- (Stable) / A4 ratings to the bank facilities of M/s. Mahavir ShipBreakers

June 23, 2010 ICRA reaffirms LBB+/A4+ ratings to the bank facilities of Prince Gem and JewelryPrivate Limited

June 23, 2010 ICRA assigns A1+ rating to the enhanced CP/STD programme of Manappuram GeneralFinance and Leasing Limited

June 23, 2010 ICRA assigns LBBB+ and A2+ ratings to bank facilities of Machino Polymers Limited

June 23, 2010 ICRA has withdrawn the rating assigned to the Term Loan facility of Sagar GrandhiExports Private Limited

June 23, 2010 ICRA withdraws Long Term Ratings on Standard Chartered Bank

June 22, 2010 ICRA reaffirms the ratings for bank facilities of Ind-Swift Limited

June 22, 2010 ICRA revises the ratings assigned to bank lines of Shahi Exports Private Limited

June 22, 2010 ICRA assigns LBB- / A4 ratings to the bank facilities of Asvini Fisheries Private Limited;assigns stable outlook

June 22, 2010 ICRA revises rating assigned to the bank line of Lokmangal Agro Industries Limited

June 22, 2010 ICRA assigns LBB+ rating to the bank facilities of Bhavna Property Developers Limited

June 22, 2010 ICRA reaffirms LAA+(SO) ratings assigned to the PTCs backed by loan receivablesfrom Fullerton India Credit Company Limited

June 22, 2010 ICRA upgrades the rating assigned to bank facilities of Rasi Seeds Private Limited

June 22, 2010 ICRA upgrades the long-term rating assigned to the bank facilities of Rasi Tex IndiaPrivate Limited; re-affirms short-term rating of A1+ (SO)

June 22, 2010 ICRA assigns LA+ and reaffirms A1+ ratings for bank facilities of Merck SpecialitiesPrivate Limited

June 22, 2010 ICRA re-affirms the LBBB- and A3 ratings for bank facilities of Soundarya DecoratorsPrivate Limited

June 22, 2010 ICRA withdraws the LBBB+(SO) rating assigned to Rs. 3 billion NCD programme ofKrishnapatnam Port Company Limited

June 22, 2010 ICRA revises the rating for bond programmes of Tamil Nadu Electricity Board

June 22, 2010 ICRA reaffirms the LAA rating for bank facilities of Merck Limited

June 21, 2010 ICRA revises the ratings assigned to the bank facilities of Live 100 Hospital PrivateLimited

June 21, 2010 ICRA revises ratings assigned to bank lines of Vijay Textiles Limited


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June 21, 2010 ICRA revises the rating to the bank limits of Teesta Urja Limited

June 21, 2010 ICRA reaffirms A4 ratings for bank facilities of Kadalkanny Frozen Foods; withdrawsthe long term rating for term loan facility of Kadalkanny Frozen Foods

June 21, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Osnar Chemical PrivateLimited; assigns stable outlook

June 21, 2010 ICRA revises the ratings assigned to the bank facilities of Live 100 Hospital PrivateLimited

June 21, 2010 ICRA assigns LBBB- rating to enhanced bank facilities of R.P. Vyapaar Private Limited

June 21, 2010 ICRA withdraws the rating assigned to the bank lines of Hassan Mangalore RailDevelopment Company Limited

June 21, 2010 ICRA reaffirms the ratings for bank facilities of Edhayam Frozen Foods Private Limited

June 21, 2010 ICRA reaffirms the ratings for bank facilities of Theva & Co

June 21, 2010 ICRA reaffirms the ratings for bank facilities of Diamond Sea Foods Exports

June 21, 2010 ICRA reaffirms the LBB+ and A4+ ratings for bank facilities of Mohan Spintex IndiaLimited; assigns stable outlook

June 21, 2010 ICRA assigns LB- rating to the bank limits of Jaipuria Infrastructure Developers PrivateLimited

June 21, 2010 ICRA downgrades the rating assigned to the bank facilities of Asaco Private Limited

June 18, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Krishna Tissues PrivateLimited

June 18, 2010 ICRA assigns LBB and A4 ratings to bank facilities of MJK Mercantiles Private Limited

June 18, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Krishna Sales Corporation

June 18, 2010 ICRA reaffirms A4 rating to the bank facilities of Gupta Hair Products Private Limited

June 18, 2010 ICRA assigns a rating of LB to the bank lines of Sanghvi International EducationSociety

June 18, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Swastik Cement Products PrivateLimited; assigns stable outlook

June 18, 2010 ICRA assigns LBB rating to bank facilities of Tara Finvest Private Limited

June 18, 2010 ICRA reaffirms the LBB+ and A4+ ratings for bank facilities of Vicksons Steels PrivateLimited

June 18, 2010 ICRA reaffirms the LBBB and A3+ ratings for bank facilities of Kamdhenu Ispat Limited;assigns stable outlook

June 18, 2010 ICRA assigns LBBB rating to the bank lines of Bina Power Supply Company Limited;assigns stable outlook

June 18, 2010 ICRA assigns LBB rating to the bank lines of Core Jewellery Pvt Ltd

June 18, 2010 ICRA suspends the rating for bank facilities of Gujarat Chemical Port TerminalCompany Limited

June 18, 2010 ICRA assigns LBB (stable) rating to the bank lines G.R. Gupta & Bros.

June 18, 2010 ICRA revises the ratings for bank facilities of Sri Manakula Vinayaga Educational Trust

June 18, 2010 ICRA assigns A4+ rating to the bank facilities of JKC General Trading Co.

June 18, 2010 ICRA assigns LBBB+ and A2 ratings to the enhanced bank facilities of DynamaticTechnologies Limited

June 18, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Core Fab Projects Private Limited

June 18, 2010 ICRA revises the long-term rating for bank facilities of Kale Consultants Limited;reaffirms short-term rating

June 18, 2010 ICRA assigns LAA- rating to GNFC’s enhanced Term loans programme

June 18, 2010 ICRA assigns mfA1+ debt rating to Canara Robeco Indigo Fund

June 18, 2010 ICRA assigns LBBB- and A3 rating to the bank facilities of Paramshakti Steels Limited

June 18, 2010 ICRA reaffirms LBBB-/A3 ratings for the bank facilities of Rohan Motors Limited;assigns stable outlook

June 18, 2010 ICRA reaffirms the ratings assigned to the bank facilities of Hikal Limited

June 18, 2010 ICRA reaffirms LBBB/A3+ ratings for the bank facilities of Atlas Cycles (Haryana)Limited; assigns stable outlook

June 18, 2010 ICRA reaffirms the LA-(SO) rating assigned to bank lines of VS Net Limited; assignsstable outlook

June 18, 2010 ICRA assigns LBB (Stable) rating to bank facilities of Haranai Sahakari Soot GirniLimited; assigns stable outlook

June 18, 2010 ICRA assigns A1+ (SO) rating to ENAM Finance Private Limited’s enhanced ShortTerm Debt Programme

June 18, 2010 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of Suyog ElectricalsLimited; Rating amount enhanced

June 18, 2010 ICRA withdraws rating assigned to the Purchaser Payouts under ABS programme ofCholamandalam DBS Finance Limited

June 18, 2010 ICRA withdraws rating assigned to the Purchaser Payouts under ABS programme ofCholamandalam DBS Finance Limited

June 18, 2010 ICRA withdraws ratings assigned to Senior PTC Series A12 issued by ILSS 6 Trust2010 originated by Reliance Capital Limited.


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2010 originated by Reliance Capital Limited.

June 18, 2010 ICRA withdraws ratings assigned to the PTCs under Loan Securitisation programmes ofYES Bank Limited

June 18, 2010 ICRA suspends the rating for bank facilities of Future Communications Limited

June 17, 2010 ICRA Report: Performance Review of Housing Finance Companies and IndianMortgage Finance Market for 2009-10 and Industry Outlook

June 17, 2010 ICRA places ratings assigned to the PTCs backed by loan receivables from North DelhiPower Limited under rating watch with negative implications

June 17, 2010 ICRA upgrades long term ratings on various bonds programme of IndusInd BankLimited

June 17, 2010 ICRA upgrades ratings of various debt programmes of Yes Bank Limited

June 16, 2010 ICRA re-affirms A1+ rating to the bank lines and STD programme of StandardChartered – STCI Capital Markets Limited

June 16, 2010 ICRA assigns LBB+ and A4+ rating for bank facilities of Bhumi Yarn Private Limited;assigns stable outlook

June 16, 2010 ICRA assigns LBB+ and A4+ ratings to the bank facilities of Prince Industries; assignsstable outlook

June 16, 2010 ICRA assigns LBBB- and A3 ratings to the bank facilities of Prince SWR SystemsPrivate Limited; assigns stable outlook

June 16, 2010 ICRA revises the rating assigned to the bank facilities of Shipra Hotel Limited

June 16, 2010 ICRA assigns LB rating to bank facilities of Kalinga Institute of Industrial Technology

June 16, 2010 ICRA assigns LBB+ (stable) and A4+ rating to the bank facilities of Mangalam VenturesLimited

June 16, 2010 ICRA assigns A4 rating to bank facilities of Soubhik Exports Limited

June 16, 2010 ICRA downgrades the rating assigned to the bank facilities of Harvins ConstructionsPrivate Limited

June 16, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Hans Industries PrivateLimited; assigns stable outlook

June 16, 2010 ICRA assigns LBB- and A4 ratings to the bank facilities of Guru Ashish Shipbreakers;assigns stable outlook

June 16, 2010 ICRA assigns LBB- and A4 ratings to the bank facilities of G. N. Shipbreakers; assignsstable outlook

June 16, 2010 ICRA assigns LBB- and A4 ratings to the bank facilities of United Coke Private Limited;assigns stable outlook

June 16, 2010 ICRA places LAA and A1+ ratings assigned to the bank facilities of North Delhi PowerLimited (NDPL) under rating watch with negative implications

June 15, 2010 ICRA assigns LBB (stable) and A4 ratings to bank facilities of Innoventive IndustriesLimited

June 15, 2010 ICRA assigns LBBB- rating to fund-based facilities of Aria Hotels and ConsultancyServices Private Limited; assigns stable outlook

June 15, 2010 ICRA re-affirms the LB+ rating assigned to the bank facilities of Sheth DevelopersPrivate Limited

June 15, 2010 ICRA reaffirms the LA+ (Negative) and A1+ ratings for bank facilities of TriveniEngineering and Industries Limited

June 15, 2010 ICRA reaffirms the LBB+ and A4+ ratings for bank facilities of Sportking India Limited

June 15, 2010 ICRA retains IrBB rating assigned to Municipal Corporation, Shimla

June 15, 2010 ICRA revises the Issuer Rating assigned to Municipal Corporation, Faridabad

June 15, 2010 ICRA retains IrBB+ rating assigned to Municipal Corporation, Amritsar

June 15, 2010 ICRA retains IrBBB- rating assigned to Municipal Corporation, Ludhiana

June 15, 2010 ICRA assigns LBB- (Stable) and A4 ratings to bank facilities of Deepa Panels privateLimited

June 15, 2010 ICRA assigns LBB (Stable) / A4 ratings for bank facilities of Sri Parameswari SpinningMills Private Limited

June 15, 2010 ICRA assigns LBB (Stable) / A4 ratings for bank facilities of Jayavelu Spinning MillsPrivate Limited

June 15, 2010 ICRA assigns LB+ rating to the bank lines of Singh Industries Private Limited

June 15, 2010 Government of Andhra Pradesh

June 14, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Unibios Laboratories Limited

June 14, 2010 ICRA upgrades the ratings assigned to Hikal Limited bank lines

June 14, 2010 ICRA assigns LBB+ and A4+ rating to the bank facilities of Khetan Sponge &Infrastructure Private Limited

June 14, 2010 ICRA reaffirms the LB- and A4 ratings for bank facilities of Samtel Glass Limited

June 14, 2010 ICRA revises the rating for bank facilities of Selvakumar Spinners Private Limited

June 14, 2010 ICRA re-affirms highest credit quality ratings to debt schemes of Morgan Stanley MutualFund

June 14, 2010 ICRA reaffirms LAA and A1+ rating of Voith Hydro Private Limited (erstwhile VoithSiemens Hydro Private Limited)

June 14, 2010 ICRA re-affirms the LBB and A4 ratings for the bank facilities of IJT Plastics & Tools


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June 14, 2010 ICRA re-affirms the LBB and A4 ratings for the bank facilities of IJT Plastics & ToolsPrivate Limited

June 14, 2010 ICRA revises the ratings for bank facilities of Modest Infrastructure Limited (MIL);assigns stable outlook

June 14, 2010 ICRA assigns A4/LBB- rating to the bank lines of Mayuresh Protenz Private Limited

June 14, 2010 ICRA assigns LBBB- and A3 rating for bank facilities of Kamadgiri Synthetics Limited;assigns stable outlook

June 14, 2010 ICRA revises the ratings for bank facilities of West Asia Maritime Limited

June 14, 2010 Andhra Pradesh Water Resources Development Corporation

June 10, 2010 ICRA assigns LBB-(Stable)/A4 rating to bank limits of Chadha Sugars & IndustriesLimited

June 10, 2010 ICRA assigns LBB+ (stable) rating to the bank facilities of GK Industrial Park PrivateLimited

June 9, 2010 ICRA reaffirms ratings for 3 PTC tranches, downgrades the rating for 1 PTC trancheand upgrades the ratings for 2 second loss facilities (or rated portion of first lossfacility) for asset pools backed by Personal Loan and Small Ticket Personal Loanreceivables originated by ICICI Bank Ltd. (IBL)

June 9, 2010 ICRA Release an Update on the Performance of MBS Pools

June 9, 2010 ICRA assigns highest-credit-quality rating to the Rs. 50 billion (enhanced from Rs. 40billion), short-term debt programme of Religare Finvest Limited

June 9, 2010 ICRA reaffirms ratings assigned to schemes of Kotak Mahindra Mutual fund

June 9, 2010 ICRA assigns LBBB-/stable rating to the bank facilities of Ashok Auto Sales Limited

June 9, 2010 ICRA re-affirms mfAA rating to ICICI Prudential Fixed Maturity Plan – Series 49 –Three Years Plan A

June 9, 2010 ICRA reaffirms the highest credit quality ratings to debt schemes of IDFC Mutual Fund

June 9, 2010 ICRA assigns LBBB+ / A2+ to the bank facilities of Ferromatik Milacron India Limited;assigns stable outlook

June 9, 2010 ICRA upgrades the ratings assigned to Arkay Energy (Rameswaram) Limited’s banklines

June 9, 2010 ICRA assigns LBB (stable) and A4 ratings to bank facilities of KBJ Jewellery PrivateLimited

June 9, 2010 ICRA assigns conditional ratings to the Pass Through Certificates under loansecuritisation programme of Axis Bank - Corporate Debt Trust 2010-11 Series 1

June 9, 2010 ICRA assigns conditional ratings to the Pass Through Certificates under loansecuritisation programme of Axis Bank - Corporate Debt Trust 2010-11 Series 2

June 9, 2010 ICRA assigns LC+ rating to fund based bank limits of Aditi Rice Mills Private Limited

June 9, 2010 ICRA reaffirms the LBBB+/A2+ ratings for the bank facilities of ITD Cementation IndiaLimited, assigns negative outlook

June 9, 2010 ICRA assigns A4 ratings to the bank facilities of M/s. D. Bimala Enterprises

June 9, 2010 ICRA revises the long term rating of Hindustan Copper Ltd to LAA; reaffirms short termrating

June 9, 2010 ICRA reaffirms LBB- / A4 ratings to the bank facilities of BLR Knits Private Limited;assigns stable outlook

June 9, 2010 ICRA revises the ratings for bank facilities of Alamelu Balaji Spinning Mills PrivateLimited

June 9, 2010 ICRA reaffirms the ratings assigned to Balrampur Chini Mills Limited; revises outlookfrom stable to negative

June 9, 2010 On request of Srei Infrastructure Finance Limited (SREI), ICRA withdraws the ratingassigned to the fixed deposit programme of SREI

June 8, 2010 ICRA reaffirms the highest credit quality ratings to debt schemes of Axis Mutual Fund

June 8, 2010 ICRA assigns A4+ rating to the bank facilities of Ray Engineering Private Limited

June 8, 2010 ICRA assigns LBB+(Stable) and A4+ ratings to bank facilities of Dimple CreationsPrivate Limited

June 8, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Diamond Footcare UdyogPrivate Limited

June 8, 2010 ICRA assigns LBB (Stable) / A4 ratings to the bank facilities of Dosch PharmaceuticalsPrivate Limited

June 8, 2010 ICRA assigns A4/LBB rating to the bank lines of Bhavarlal Mangilal Jain & Co.

June 8, 2010 ICRA re-affirms the LBBB- and A3 ratings for the bank facilities of Agile Electric SubAssembly Private Limited

June 8, 2010 ICRA revises the ratings for bank facilities of Meridian Chem-bond Limited

June 8, 2010 ICRA revises the ratings for bank facilities of Arcoy Bio-refinery Private Limited

June 8, 2010 ICRA upgrades the ratings assigned to Mahindra Sona Limited’s bank lines

June 8, 2010 ICRA assigns LB and A5 ratings to bank facilities of Rana Papers Limited

June 7, 2010 ICRA assign LAA-(SO) and LAA-pp (SO) ratings to India Infoline Investment ServicesLimited’s fresh long term debt programme

June 7, 2010 ICRA revises the rating for bank facilities of Patikari Power Private Limited

June 7, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Balar Synthetics Private


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June 7, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Balar Synthetics PrivateLimited

June 7, 2010 ICRA revises the rating for bank facilities of Bhavya Constructions Private Limited

June 7, 2010 ICRA upgrades the rating assigned to Unique Technobuild Private Limited bank lines;assigns stable outlook

June 7, 2010 ICRA revises the ratings for bank facilities of Select Infrastructure Private Limited

June 7, 2010 ICRA revises the rating for bank facilities of Dhanraj Dhadda Exports

June 4, 2010 ICRA assigns LBB-/A4 ratings to the bank facilities of Phulchand Exports PrivateLimited (Erstwhile Phulchand Exports Limited)

June 4, 2010 ICRA revises the ratings for bank facilities of Kamineni Hospitals Private Limited

June 4, 2010 ICRA revises the ratings for bank facilities of Dynamatic Technologies Limited

June 4, 2010 ICRA assigns LBB rating to the bank facilities of TVS Interconnect Systems Limited

June 4, 2010 ICRA assigns LBB/A4 ratings to the bank facilities of Belco Pharma

June 4, 2010 ICRA assigns LB- rating to the long term bank facilities of Ultra Tech SuspensionsPrivate Limited

June 4, 2010 ICRA revises the ratings for bank facilities of Fertichem Cotspin Limited

June 4, 2010 ICRA reaffirms LBBB-/A3 rating to bank facilities of Duplex Wires Private Limited

June 4, 2010 ICRA assigns LBB+ (stable) & A4+ ratings to Gujarat Microwax Private Limited

June 4, 2010 ICRA retains LAAA (SO) ratings of Fully Guaranteed, Low Coupon, PremiumRedemption Debentures issued by Tata Motors Limited

June 3, 2010 ICRA assigns LAAA rating to Tata Sons Limited

June 3, 2010 ICRA assigns LBB rating to bank facilities of Aroma Biotech Private Limited

June 3, 2010 ICRA reaffirms LA and A1 ratings to bank facilities and Commercial Paper programmeof Repro India Limited

June 3, 2010 ICRA revises the ratings for bank facilities of Gemini Communication Limited

June 3, 2010 ICRA reaffirms the highest-credit-quality rating assigned earlier to short-term debtprogramme of SREI Equipment Finance Private Limited

June 3, 2010 ICRA revises the ratings for bank facilities of Hilton Metal Forging Limited

June 3, 2010 ICRA assigns LBBB+/A3+ ratings to bank facilities of Ajay Enterprises Private Limited

June 3, 2010 ICRA assigns LBBB+ rating to bank facilities of Nehru Place Hotels and Real EstatePrivate Limited

June 3, 2010 ICRA assigns LBBB+ rating to bank facilities of R.C. Sood and Company PrivateLimited

June 3, 2010 ICRA assigns LBB+ (Stable) and A4+ ratings to bank facilities of AssociatesNonwovens

June 3, 2010 ICRA assigns LAA- rating (rating under watch with developing implications) to the Rs.9250 million non-convertible debentures programme of Cholamandalam DBS FinanceLimited

June 3, 2010 ICRA reaffirms the LBBB and A3+ ratings assigned to enhanced bank lines ofEmmsons International Limited; assigns stable outlook

June 3, 2010 ICRA assigns A3+ rating to the enhanced bank facilities of GMR Energy Limited

June 2, 2010 Amendments in UI and Grid Code norms to benefit generating and trading companies;boost trading volumes; pave way for better grid discipline; and result in higher costs forstate utilities in high energy deficit states

June 2, 2010 ICRA reaffirms the LBB and A4 ratings for bank facilities of Chandi Steel IndustriesLimited

June 2, 2010 ICRA revises the ratings for the bank facilities of Miraj Products Private Limited

June 2, 2010 ICRA assigns LBB+/Stable and A4+ ratings to bank facilities of The Liberty MarineSyndicate Private Limited

June 2, 2010 ICRA reaffirms LBBB- rating to the enhanced amount of bank limits and term loans ofRallison Electricals Private Limited; assigns stable outlook

June 2, 2010 ICRA assigns LA- rating to the bank limits of Green Infra Wind Energy Private Limited(GIWEPL)

June 2, 2010 ICRA assigns LBBB- and A3 ratings to the bank lines of Axis Ad-Print-Media (India)Limited

June 2, 2010 ICRA assigns LBBB-(SO) and LBB+/A4+ ratings to the bank facilities of CheslindTextiles Limited

June 2, 2010 ICRA revises the rating assigned to the bank lines of Luni Power Company PrivateLimited

June 2, 2010 ICRA revises the rating assigned to the bank lines of Iqu Power Company PrivateLimited

June 2, 2010 ICRA revises the rating assigned to the bank lines of Neogal Power Company PrivateLimited

June 2, 2010 ICRA suspends the rating assigned to the bank lines and term loans of Ganpati SugarIndustries Limited (GSIL)

June 1, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Prakash Steel Corporation

June 1, 2010 ICRA revises the short term rating for bank facilities of WS Industries (India) Limited

June 1, 2010 ICRA assigns LAA-/A1+ ratings to bank line facilities of Apeejay Shipping Limited


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June 1, 2010 ICRA assigns LAA-/A1+ ratings to bank line facilities of Apeejay Shipping Limited

June 1, 2010 ICRA revises the ratings for bank facilities of Roman Tarmat Limited (RTL)

June 1, 2010 ICRA downgrades the ratings assigned to the bank facilities of Sholingur TextilesLimited

June 1, 2010 ICRA assigns an LAA rating to the Upper Tier II Bonds Programme of Central Bank ofIndia

June 1, 2010 ICRA revises the rating outstanding against the bank limits of Sri Balaji Educational andCharitable Public Trust

June 1, 2010 ICRA withdraws the grading of Aquatech Institute of Maritime Studies and its courses

June 1, 2010 ICRA assigns LB+/A5 ratings to the bank limits of Kanodia Technoplast Limited

June 1, 2010 ICRA reaffirms the rating for PTCs and Purchaser Payouts backed by two poolsoriginated by Cholamandalam DBS Finance Limited (CDFL)

May 31, 2010 ICRA assigns LBB(Stable) rating to bank facilities of Aradhna Fabrics Private Limited

May 31, 2010 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of Daawat Foods Limited;assigns stable outlook

May 31, 2010 ICRA reaffirms LAA+ / A1+ ratings to the debt programmes of Fullerton India CreditCompany

May 31, 2010 ICRA revises ratings for the bank facilities of Indu Corporation Private Limited toLBB+/A4+

May 31, 2010 ICRA revises the ratings for bank facilities of Itarsi Oils & Flours Limited

May 31, 2010 ICRA assigns A1+ rating to the CP / short term debt programme of Jayshree Tea &Industries Limited; reaffirms the LA+ and A1+ ratings to the bank facilities

May 31, 2010 ICRA reaffirms ratings assigned to bank lines of Lovelock & Lewes and remove theratings from watch

May 31, 2010 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of LT Foods Limited;assigns stable outlook

May 31, 2010 ICRA reaffirms LBBB/ A2 ratings to the bank facilities of Medreich Limited

May 31, 2010 ICRA assigns LBB (Stable)/A4 ratings to the bank limits of Mridul Enterprises

May 31, 2010 ICRA assigns LBB- ratings to bank facilities of Mukta Industries Private Limited

May 31, 2010 ICRA reaffirms ratings assigned to bank lines of Price Waterhouse-Kolkatta and removethe ratings from watch

May 31, 2010 ICRA reaffirms ratings assigned to bank lines of PricewaterhouseCoopers PrivateLimited and remove the ratings from watch

May 31, 2010 ICRA reaffirms the LBB+ and A4+ ratings for bank facilities of Sun NirmanInfrastructure Private Limited; assigns stable outlook

May 31, 2010 ICRA upgrades the long term rating for bank facilities of Udayan Greenfield DevelopersLimited; assigns stable outlook

May 31, 2010 ICRA withdraws ratings assigned to Senior PTC Series A2 backed by New CV loanreceivables originated by Reliance Capital Limited

May 31, 2010 ICRA withdraws ratings assigned to Senior PTC Series A4 backed by loans receivablesunder the ABS programme originated by Tata Motors Limited

May 28, 2010 ICRA reaffirms the LBBB+ and A2 ratings for bank facilities of Vinergy InternationalPrivate Limited, rated amount enhanced

May 28, 2010 ICRA suspends the rating outstanding of MA- assigned to the Fixed Deposit Programand LBBB assigned to the Cash Credit Bank Lines of S. E. Investments Limited

May 28, 2010 ICRA assigns LBB- ratings to Rs. 24.5 million term loan limit and Rs. 39.0 million fundbased bank limit of Chaitanya Chemicals; assigns stable outlook

May 28, 2010 ICRA assigns LA- rating to bank facilities of Dharamshila Cancer Foundation &Research Center; assigns stable outlook

May 28, 2010 ICRA reaffirms the LBBB+ and A2+ ratings for bank facilities of L.H. Sugar FactoriesLimited; revises outlook from stable to negative

May 28, 2010 ICRA assigns LBB+ rating to the bank facilities of Magna Infotech Private Limited

May 28, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Metal Engineering & TreatmentCompany Private Limited

May 28, 2010 ICRA assigns A1+ rating to the enhanced Rs 100 billion (from Rs. 80 billion)Certificates of Deposits programme of Punjab and Sind Bank

May 28, 2010 ICRA assigns LBB and A4 to bank facilities of Radha Construction Co.; assigns stableoutlook

May 28, 2010 ICRA assigns LBB- (stable) rating to R.S. Kalyaani Hotels Private Limited’s bank lines

May 28, 2010 ICRA assigns LBB rating to bank facilities of Samman Lal Sher Singh Papers PrivateLimited; assigns stable outlook

May 28, 2010 ICRA assigns LAAA ratings with a Stable Outlook to the fresh long-term debtprogramme of Infrastructure Development Finance Company Limited

May 27, 2010 ICRA reaffirms LBB /A4 ratings to the bank facilities of The Gowthami Solvent OilsPrivate Limited

May 27, 2010 ICRA assigns LBB+ rating to bank facilities of Aanjaneya Biotech Limited

May 27, 2010 ICRA revises the ratings for bank facilities of Shiva Texfabs Limited

May 27, 2010 ICRA places the ratings of Twilight Litaka Pharma Limited on Rating Watch with


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May 27, 2010 ICRA places the ratings of Twilight Litaka Pharma Limited on Rating Watch withNegative Implications

May 27, 2010 ICRA revises the ratings for bank facilities of Yogindera Worsted Limited

May 27, 2010 ICRA assigns A3/LBBB- rating to the bank lines of A.S Moloobhoy & Sons

May 27, 2010 ICRA assigns A4 rating to the bank lines of B. Nehal

May 27, 2010 ICRA assigns LBB (stable) and A4 ratings to the bank facilities of Chhabi ElectricalsPrivate Limited

May 27, 2010 ICRA assigns LBBB rating to the bank facilities of Indrox Global Private Limited; assignsstable outlook

May 27, 2010 ICRA assigns A1+ rating on Kotak Securities Limited’s enhanced short term debtprogramme

May 27, 2010 ICRA reaffirms LAA & A1+ ratings of Piramal Healthcare Limited

May 27, 2010 ICRA reaffirms the LBB+/A4+ ratings assigned to the bank lines of Sentini BioproductsPrivate Limited

May 27, 2010 ICRA revises the ratings for bank facilities of Tubeknit Fashions Limited

May 27, 2010 ICRA upgrades the ratings assigned to Valvoline Cummins Limited’s bank lines

May 27, 2010 ICRA assigns A4 rating to the bank credit lines of Avid Apparel Industries

May 27, 2010 ICRA withdraws the rating assigned to Hyderabad Metropolitan Development Authority(erstwhile Hyderabad Urban Development Authority)

May 27, 2010 ICRA places A2 rating assigned to the bank facilities of Delphi Automotive SystemsPrivate Limited on notice of withdrawal

May 27, 2010 ICRA assigns A1 rating to CP programme and bank facilities of R P Infosystems PvtLtd; revises the long term rating; rated amount enhanced

May 26, 2010 ICRA assigned LBB rating to Aarti Infra-Projects Private Limited’s bank lines

May 26, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Eastern Steels & Power Limited

May 26, 2010 ICRA upgrades the rating assigned to FD programme of Jagsonpal PharmaceuticalsLimited

May 26, 2010 ICRA assigns LBBB- rating to the bank facilities of L&T Bangalore Airport Hotel Limited

May 26, 2010 ICRA revises the rating for bank facilities of Mail Order Solutions (India) Private Limited;assigns stable outlook

May 26, 2010 ICRA assigns LB+ and A4 ratings to bank facilities of Mangalam Timber ProductsLimited

May 26, 2010 ICRA reaffirms the ratings of LBB+/A4+ assigned to the fund-based and non-fundbased limits of Progressive Civil Construction Company Private Limited (PCCCPL);assigns stable outlook

May 26, 2010 ICRA assigns LB+ rating to the bank facilities of Subhash Kabini Power CorporationLimited

May 25, 2010 ICRA expects the tractor demand to remain robust during 2010-11

May 25, 2010 ICRA reaffirms the LA+ rating for bank facilities of Apeejay Surrendra Park HotelsLimited; stable outlook assigned

May 25, 2010 ICRA assigns LBB+ and A4+ ratings to the bank facilities of Intec Infonet PrivateLimited; assigns stable outlook

May 25, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Rahul Conductors PrivateLimited

May 25, 2010 ICRA revises the ratings for bank facilities of Shodhana Laboratories Limited

May 25, 2010 ICRA assigns LBB- / A4 to the bank facilities of Subhash Fertilizers Private Limited;assigns stable outlook

May 25, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Vardhman Electro-MechPrivate Limited

May 25, 2010 ICRA assigns LBBB- / A3 to the bank facilities of RRC International Freight ServicesLimited; assigns stable outlook

May 24, 2010 ICRA Releases an Update on the Performance of ABS Pools

May 24, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Athena Energy VenturesPrivate Limited; assigns stable outlook

May 24, 2010 ICRA upgrades the ratings assigned to IG Petrochemicals Limited’s bank lines

May 24, 2010 ICRA reaffirms the ratings assigned to bank lines of Modi Naturals Limited

May 24, 2010 ICRA assigns LBB- and A4 rating to the bank facilities of Rathi Rajasthan Steel MillsLimited; assigns stable outlook

May 24, 2010 ICRA downgrades the ratings assigned to the bank lines of Saurabh Agrotech Pvt Ltd toLBB+(Stable)/A4+

May 24, 2010 ICRA upgrades the ratings assigned to VRL Logistics Limited’s bank lines; assignsstable outlook

May 24, 2010 ICRA assigns rating of LBB- to bank facilities of Chirchind Hydro Power Limited

May 21, 2010 ICRA upgrades the rating assigned to Ganesh Housing Corporation Limited’s banklines; assigns stable outlook

May 21, 2010 ICRA re-affirms LAA/A1+ ratings of Godrej Consumer Products Limited (GCPL),removes it from rating watch with developing implications; ICRA also assigns A1+ ratingto the Rs. 8 billion short term facilities of GCPL


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May 21, 2010 ICRA assigns A4+ ratings to the bank facilities of Arunkumar Jamnadas Ashar

May 21, 2010 ICRA revises the ratings for bank facilities of ABT Limited

May 21, 2010 ICRA assigns a final LA+ (SO) rating to the Rs. 770 million non-convertible bondprogramme of Karnataka State Financial Corporation

May 21, 2010 ICRA reaffirms LBBB- and A3 rating for bank facilities of Polynova Industries Limited;assigns stable outlook

May 21, 2010 ICRA revises the ratings for the bank facilities of Rajvir Industries Limited

May 21, 2010 ICRA assigns LBBB- and A3 ratings to enhanced bank facilities of Sabero OrganicsGujarat Limited

May 21, 2010 ICRA reaffirms the LBB+ and A4+ ratings for bank facilities of Sagar Grandhi ExportsLtd; stable outlook assigned

May 21, 2010 ICRA assigns LBBB- (Stable outlook) and A3 ratings to the bank facilities of SundaramHydraulics Limited

May 21, 2010 ICRA revises the ratings for bank facilities of Western Refrigeration Private Limited

May 21, 2010 ICRA assigns LB+ and A5 ratings to the bank facilities of Kalptaru Alloys Private Limited

May 20, 2010 ICRA assigns assigns LBB- rating to the bank facilities of Bimla Devi EducationalSociety

May 20, 2010 APM Gas Price Hike : A positive for the development of the domestic gas market

May 20, 2010 ICRA reaffirms the LBBB (SO) rating to the bank facilities of Empee Breweries Limited

May 20, 2010 ICRA assigns LB+ rating to bank facilities of Greenland Hospitality Private Limited

May 20, 2010 ICRA reaffirms LAA rating and assigns a stable outlook to the Long Term bonds ofHousing and Urban Development Corporation Limited

May 20, 2010 ICRA reaffirms ICICI Bank’s ratings following the merger announcement; places Bankof Rajasthan on rating watch with positive implications

May 20, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Ivax Paper Chemicals Limited

May 20, 2010 ICRA assigns A4+ rating to the bank facilities of Rag Corporation

May 20, 2010 ICRA assigns LBB/A4 ratings to bank limits of Raneka Industries Limited

May 20, 2010 ICRA assigns LBB+/A4+ ratings to the bank facilities of Ruchi Strips and Alloys Limited

May 20, 2010 ICRA reaffirms the A1+ rating for commercial paper/ short term debt programme ofUnichem Laboratories Limited

May 20, 2010 ICRA reaffirms the LBBB (SO) rating to the bank facilities of United MillenniumBreweries Limited

May 20, 2010 ICRA assigns LBB+/A4+ ratings to the bank facilities VHCL Industries Limited

May 19, 2010 ICRA Limited: Audited Financial Results for the Fourth Quarter and the Year endedMarch 31, 2010

May 19, 2010 ICRA assigns LAA- rating (rating under watch with developing implications) to the Rs. 5billion Non-Convertible Debentures programme of Cholamandalam DBS Finance

May 19, 2010 ICRA assigns LBBB+/A2+ ratings to the bank facilities of Indo Autotech Limited;assigns stable outlook

May 19, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Ruchi Acroni IndustriesLimited; assigns stable outlook

May 19, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Ruchi Global Limited; assignsstable outlook

May 19, 2010 ICRA withdraws the ratings for the bank facilities of Arora Fashions Limited

May 19, 2010 ICRA assigns LB+ and A4 ratings to the bank facilities of Kalptaru Papers Limited

May 18, 2010 ICRA upgrades the Long Term Ratings of Tata Motor Finance Limited from LA (Positive)to LA+ (Stable)

May 18, 2010 ICRA upgrades the long term rating for bank facilities of AIPL Ambuja Housing andUrban Infrastructure Limited; assigns stable outlook

May 18, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Paracoat Products Limited

May 18, 2010 ICRA assigns LB+ and A4 ratings to bank facilities of Saurashtra Calcine Bauxite andAllied Industries Limited

May 18, 2010 ICRA assigns LB+ rating to the term loan facilities of Shorya Education and WelfareSociety

May 18, 2010 ICRA assigns LB+ and A5 ratings to the bank facilities of St Laurn Hotels Limited

May 17, 2010 ICRA assigns assigns LBB- and A4 ratings to the bank facilities of Jai GopalInternational Impex Private Limited

May 17, 2010 ICRA assigns LBB-/ A4 ratings to the bank facilities of Bal Pharma Limited

May 17, 2010 ICRA reaffirms LBB rating for bank facilities of BST Textile Mills Private Limited; assignsstable outlook

May 17, 2010 ICRA retains A3 rating of Interjewel

May 17, 2010 ICRA reaffirms A4 rating for bank facilities of M/s Jalpa Diamond

May 17, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Phoeniix

May 17, 2010 ICRA reaffirms the LBBB- (Stable) rating for bank facilities of PNG Jewellery & Gems

May 17, 2010 ICRA assigns rating for the bank lines of Sim Diam Private Limited to A4

May 17, 2010 ICRA suspends the ratings assigned to the Non-Convertible Debenture program and


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May 17, 2010 ICRA suspends the ratings assigned to the Non-Convertible Debenture program andFixed Deposit program of Paam Pharmaceuticals (Delhi) Limited

May 17, 2010 ICRA suspends the rating outstanding of LD assigned to the Partially ConvertibleDebenture program of Montari Industries Limited

May 17, 2010 ICRA re-affirms LBB rating to the bank facilities of Adwaith Textiles Limited

May 17, 2010 ICRA assigns LA and A1 ratings to the bank facilities of Seabird Marine ServicesPrivate Limited

May 14, 2010 ICRA assigns LB/A4 rating to bank limits of Shubhlaxmi Casting Private Limited

May 13, 2010 ICRA assigns LBB- rating to the fund based limits of Chandra Electronic Appliances (P)Limited

May 13, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of R.P. Techvision India PrivateLimited

May 12, 2010 ICRA assigns LBBB+ rating to NCD programme of Asian Hotels (West) Limited; assignsstable outlook

May 12, 2010 ICRA assigns A4 rating to the bank facilities of Bharat Silks

May 12, 2010 ICRA reaffirms CGR2 to the Corporate Governance practices of Bank of Baroda

May 12, 2010 ICRA assigns LBB+ rating with a stable outlook to bank limits of Chennai ElevatedTollway Limited (CETL)

May 12, 2010 ICRA revises the long term rating for bank facilities of Consolidated Interiors Limited;reaffirms the short term rating at A1 (SO)

May 12, 2010 ICRA assigns LBB rating to the bank facilities Gharana Foods Limited; assigns stableoutlook

May 12, 2010 ICRA revises the long term rating for bank facilities of Herve Pomerleau InternationalInc. - Consolidated Construction Consortium Limited JV;

May 12, 2010 ICRA reaffirms LAAA/A1+ ratings to the enhanced bank limits of Indraprastha GasLimited; assigns Stable outlook

May 12, 2010 ICRA assigns LBB rating to the bank facilities of M.V. Food Industries Limited; assignsstable outlook

May 12, 2010 ICRA revises the long term rating for bank facilities of Noble Consolidated GlazingsLimited; reaffirms the short term rating at A1 (SO)

May 12, 2010 ICRA assigns A1+ rating to the Rs. 21 billion short term Non Convertible Debentureprogramme (enhanced from Rs 18 billion) of RHC Holding Private Limited

May 12, 2010 ICRA has assigned an IPO Grade 2 to the proposed IPO of BS Transcomm Limited

May 11, 2010 ICRA: Indian Natural Gas market to see spurt in growth once gas transmission pipelinecapacity is augmented

May 11, 2010 ICRA assigns LBBB- (stable) and A3 rating to the bank facilities of Ashtech InfotechPrivate Limited

May 11, 2010 ICRA assigns LAA to the Perpetual Bonds Programme of IDBI Bank

May 11, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Mica Industries Limited;assigns stable outlook

May 11, 2010 ICRA assigns IPO Grade 4 to the proposed Initial Public Offering of Gujarat StatePetroleum Corporation Limited

May 11, 2010 ICRA assigns highest credit quality rating to Export-Import Bank of India’s Long Termdebt programme

May 11, 2010 ICRA revises the ratings for bank facilities of BS Transcomm Limited

May 10, 2010 Indian Mining And Construction Equipment Industry: Strong growth prospects despitecompetitive pressures

May 10, 2010 ICRA assigns LBB+ and A4+ ratings to the bank facilities of JSK Marketing PrivateLimited; assigns stable outlook

May 10, 2010 ICRA reaffirms the LD rating for Preference Share Capital Programme of LML Limited

May 10, 2010 ICRA revises rating for the bank lines of Nirav Gems to A4+/LBB+

May 10, 2010 ICRA assigns LBBB+ and A2+ ratings to bank facilities of Sunair Hotels Limited;assigns stable outlook

May 10, 2010 ICRA withdraws rating assigned to the long-term loan programme of Golflinks SoftwarePark Private Limited

May 10, 2010 ICRA reaffirms the LA+ and A1+ ratings for bank facilities of Torrent Cables Limited

May 7, 2010 ICRA assigns highest credit quality rating to the Rs. 91.20 billion borrowing programmeof Indian Railway Finance Corporation; reaffirms the ratings assigned earlier

May 7, 2010 ICRA assigns LBB+ rating with a stable outlook to the Rs. 500 million bank facilities ofMahasemam Trust

May 7, 2010 ICRA assigns LBB- (Stable) rating to bank facilities of Mangalagiri Textile Mills PrivateLimited

May 7, 2010 ICRA reaffirms the ratings assigned to the bank limits of Manipal Universal LearningPrivate Limited

May 7, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Monica Garments

May 7, 2010 ICRA reaffirms highest credit quality rating to the various debt programmes of StateBank of India (erstwhile State Bank of Saurashtra)

May 7, 2010 ICRA revises rating assigned to the bank facilities of Shipra Estate Limited

May 7, 2010 ICRA reaffirms the LBBB-(Stable) rating for bank facilities of SU Toll Road Private


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May 7, 2010 ICRA reaffirms the LBBB-(Stable) rating for bank facilities of SU Toll Road PrivateLimited

May 7, 2010 ICRA reaffirms the LBBB-(Stable) rating for bank facilities of TD Toll Road PrivateLimited

May 7, 2010 ICRA reaffirms the LBBB-(Stable) rating for bank facilities of TK Toll Road PrivateLimited

May 7, 2010 ICRA revises the ratings assigned to bank facilities of Vadehra Builders Private Limited;assigns stable outlook

May 7, 2010 ICRA reaffirms LBB- (stable) rating to the bank lines of Namo Alloys Private Limited

May 6, 2010 ICRA assigns LBB and A4 ratings to bank facilities of B. S. Sea Foods Limited

May 6, 2010 ICRA assigns LBB- and A4 rating to the bank facilities of Harisons Steel Private Limited

May 6, 2010 ICRA assigns LBBB and A3+ ratings to enhanced bank facilities of Indu ProjectsLimited

May 6, 2010 ICRA assigns LBBB to the long term bank lines of Infinity.Com Financial SecuritiesLimited

May 6, 2010 ICRA reaffirms the LA+ and A1+ rating for the bank facilities / commercial paper / shortterm debt programme of Madras Cements Limited

May 6, 2010 ICRA assigns LBBB rating with stable outlook to the bank lines of Pyramid FinanceLimited

May 6, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Selvel Advertising PrivateLimited

May 6, 2010 ICRA assigns LB rating to the bank facilities of Shri Govindaraja Textiles Private Limited

May 6, 2010 ICRA assigns A1+ (SO) rating to commercial paper/ short-term debt programme of UTVGlobal Broadcasting Limited

May 6, 2010 ICRA assign A4 rating to bank facilities of V. K. Udyog Limited

May 6, 2010 ICRA withdraws the LBBB+(SO) rating for the bonds programme of MunicipalCorporation, Ludhiana

May 6, 2010 Indian Commercial Vehicle Industry: An Update

May 6, 2010 ICRA assigns A2 to the enhanced bank lines of Pioneer Investcorp Limited

May 6, 2010 ICRA assigns high credit quality rating to the Equity Linked Debenture Programme ofCiticorp Finance (India) Limited

May 6, 2010 ICRA Reaffirms highest credit quality rating for the bank limits and bond programme ofNeyveli Lignite Corporation limited

May 5, 2010 ICRA assigns LB and A4 ratings for bank facilities of Taneja Iron & Steel CompanyLimited

May 5, 2010 Ultra Short-Term MF schemes remain investors’ favourite in 2009-10 amid rising AUMs

May 5, 2010 ICRA assigns LBB+ and A4+ ratings for bank facilities of Jenil Steel Private Limited

May 5, 2010 ICRA assigns LBBB and A2 ratings to bank facilities of Moldtek Plastics Limited

May 5, 2010 ICRA assigns LAA- (Stable) rating to the enhanced bank facilities of North EasternElectric Power Corporation Limited

May 5, 2010 ICRA assigns LBB+ (stable) rating to bank facilities of Orissa Television Limited

May 5, 2010 ICRA assigns LB+ rating to the bank facilities of P.K. & Company

May 5, 2010 ICRA assigns conditional highest-credit-quality ratings to the Pass Through Certificatesunder a Asset-Backed Securitisation programme originated by Reliance ConsumerFinance Private Limited

May 5, 2010 ICRA assigns LBBB- (stable) to bank facilities of Sudar Garments Limited

May 5, 2010 ICRA reaffirms the LBB+ and A4+ ratings for bank facilities of Talbros EngineeringLimited; assigns Stable outlook

May 5, 2010 ICRA re-affirms A4/LBB- rating to the bank lines of Unisource Papers Pvt Ltd

May 4, 2010 ICRA assigns LBB/A4 ratings to the bank facilities of Barbate Automotive India PrivateLimited

May 4, 2010 ICRA assigns LBB+ (Stable) / A4+ ratings to the bank facilities of Gem Edible OilsPrivate Limited

May 4, 2010 ICRA assigns LBB+ and A4+ ratings to the bank facilities of Kherani Paper Mills PrivateLimited; assigns stable outlook

May 4, 2010 ICRA assigns conditional ratings to the Pass Through Certificates under loansecuritisation programme of Kotak Mahindra Prime Limited

May 4, 2010 ICRA upgrades the rating on long term / short term bank lines of Nirmal Bang SecuritiesPrivate Limited to LBBB+ (stable outlook) / A2+ from LBBB / A2; enhances the ratedamount

May 4, 2010 ICRA assigns LB+ rating to bank facilities of Palai Jyoti Banquet Private Limited

May 4, 2010 ICRA assigns LB rating to bank facilities of Pramanik Retail Private Limited

May 4, 2010 ICRA assigns LBB rating to the bank facilities of Ramshree Construction Company

May 4, 2010 ICRA assigns LBB+/A4+ rating to the bank facilities of Safeflex International Limited

May 4, 2010 ICRA assigns LBB (Stable) rating to bank facilities of Varad Agri Tech Limited

May 4, 2010 ICRA withdraws rating assigned to the bank facilities of Delhi Gurgaon SuperConnectivity Limited

May 4, 2010 ICRA reaffirms the LBB+ rating for the term loan programme of Simhapuri Energy


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May 4, 2010 ICRA reaffirms the LBB+ rating for the term loan programme of Simhapuri EnergyPrivate Limited

May 3, 2010 ICRA assigns LB+ rating to the bank facilities of Forum Retail Private Limited

May 3, 2010 ICRA assigns LBB- rating to the bank facilities of Forum IT Parks Pvt. Limited; assignsstable outlook

May 3, 2010 ICRA re-affirms the LBBB and A3+ ratings for bank facilities of Veer O Metals PrivateLimited

May 3, 2010 ICRA assigns LBB+ and A4+ rating to the bank facilities of Shivam Steels & TubesPrivate Limited

May 3, 2010 ICRA assigns A3 rating to bank facilities of Sigma Corporation India Limited

May 3, 2010 ICRA reaffirms A4+ rating to bank lines of Banbury Impex Private Limited

May 3, 2010 ICRA re-affirms A4/LBB rating to the bank lines of Tradecom International PrivateLimited

May 3, 2010 ICRA downgrades the rating assigned to the bank facilities of BBIPL Infrastructure(India) Private Limited

May 3, 2010 ICRA assigns LAA- (Stable) rating to the enhanced bank facilities of North EasternElectric Power Corporation Limited

May 3, 2010 ICRA upgrades the ratings assigned to Akums Drugs and Pharmaceuticals Limited’sbank lines; assigns Stable outlook

April 30, 2010 ICRA assigns LBBB- and A3 ratings to the bank facilities of Deva Drill Tech (I) Limited;assigns stable outlook

April 30, 2010 ICRA places the ratings assigned to the bank facilities of GMR Industries Limited onrating watch with positive implications

April 30, 2010 ICRA assigns LBBB-/ A3 rating to the bank facilities of India Telecom Infra Limited

April 30, 2010 ICRA assigns LBBB-/ A3 ratings to the bank facilities of Kemwell Private Limited

April 30, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Mayur Woven Private Limited

April 30, 2010 ICRA upgrades the long term rating for bank facilities of Sundaram Industries Limited;reaffirms short term rating

April 30, 2010 ICRA reaffirms LBBB- rating assigned to the outstanding amounts of term loans andsanctioned bank limits of Madhucon Sugar and Power Industries Limited (MSPIL)

April 30, 2010 ICRA assigns LBB+ rating to Rs. 1.0 billion long term debt programme of UnitechLimited; assign stable outlook

April 29, 2010 ICRA assigns LB+ rating to A.S. Cargo Movers Private Limited’s bank lines

April 29, 2010 ICRA reaffirms the LBBB- rating for bank facilities of L&T Halol Shamlaji Tollway PrivateLimited

April 29, 2010 ICRA assigns LBBB rating to the bank facilities of West Pioneer Properties (India)Private Limited

April 29, 2010 ICRA assigns LB+ rating to bank facilities of Kasliwal Automotives Private Limited

April 29, 2010 ICRA assigns LB+ rating to bank facilities of Sorento Granito Private Limited (SGPL)

April 29, 2010 ICRA assigns LBB+ and A4+ ratings to the bank facilities of Pyramid TechnoplastPrivate Limited; assigns stable outlook

April 29, 2010 ICRA assigns LAA+ (SO) and A1+ ratings to the bank facilities of Reliance InfratelLimited; re-affirms A1+ rating for the short-term debt programme

April 29, 2010 ICRA assigns highest credit quality ratings to the Long term and Short Term BorrowingProgramme of Rural Electrification Corporation Limited

April 29, 2010 ICRA withdraws the suspended rating for the fixed deposit programme of GopalkaFinance Limited

April 28, 2010 ICRA revises the ratings for bank facilities of Asian Peroxides Limited

April 28, 2010 ICRA assigns LAA- rating (rating under watch with developing implications) to theSubordinated debt programmes of Cholamandalam DBS Finance Limited

April 28, 2010 ICRA revises ratings assigned to the bank facilities of DT Projects Limited {formerlyDLF Laing O’Rourke (India) Limited}

April 28, 2010 ICRA assigns LB+ and A4 ratings to bank facilities of M. K. Roy & Bros Projects PrivateLimited

April 28, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of PNP Polymers PrivateLimited; assigns stable outlook

April 28, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of PNP Polytex Private Limited;assigns stable outlook

April 28, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Sogo Computers PrivateLimited

April 28, 2010 ICRA reaffirms the LBBB-/A3 ratings assigned to the bank lines of Sabero OrganicsGujarat Limited

April 28, 2010 ICRA assigns LAA+ rating with a stable outlook to Rs. 10 billion non-convertibledebenture and Rs. 1 billion subordinated debt programmes of Sundaram FinanceLimited

April 28, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Vita Granito Private Limited

April 28, 2010 ICRA reaffirms the ratings assigned to Wilbur Smith Associates Private Limited’s banklines

April 28, 2010 ICRA assigns LBB- (stable) rating to the bank lines of Amit Brothers Private Limited


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April 28, 2010 ICRA assigns LBB- (stable) rating to the bank lines of Amit Brothers Private Limited

April 27, 2010 ICRA assigns LBBB- rating to the bank line of Arvindbhai Bechardas Jewellers PrivateLimited

April 27, 2010 ICRA assigns LBBB- and A3 ratings to the bank facilities of Agmatel India PrivateLimited; assigns stable outlook

April 27, 2010 ICRA revises the rating for bank facilities of Automotive Axles Limited; stable outlookassigned

April 27, 2010 ICRA assigns LB and A4 ratings to the bank facilities of Emil Pharmaceutical IndustriesPrivate Limited

April 27, 2010 ICRA re-affirms the rating assigned to the enhanced bank lines of Krishnapatnam PortCompany Limited at LBBB; assigns stable outlook

April 27, 2010 ICRA assigns LB and A4 ratings to the bank facilities of Medibios Laboratories PrivateLimited

April 27, 2010 ICRA assigns LBB/A4 ratings to the bank lines of Dinesh Oils Limited

April 27, 2010 ICRA assigns LBBB- and A3 ratings for bank facilities of Metalfab Hightech PrivateLimited

April 26, 2010 ICRA release an Update on Indian Structured Finance Market

April 26, 2010 ICRA places the ratings assigned to the bank lines of DD Industries Limited on ratingwatch with developing implications

April 26, 2010 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of DD International Inc.;assigns stable outlook

April 26, 2010 ICRA revises the long term rating for bank facilities of Consolidated ConstructionConsortium Limited to LA+; reaffirms the short term rating at A1

April 26, 2010 ICRA assigns LBBB-(SO) rating to bank facilities of DSC Ventures Private Limited

April 26, 2010 ICRA revises the ratings for bank facilities of Foods and Inns Limited, rated amountenhanced

April 26, 2010 ICRA assigns A1+ rating to the bank lines of HDFC Securities Limited

April 26, 2010 ICRA assigns LB ratings to the bank lines of Home Land City Mall

April 26, 2010 ICRA reaffirms the LBBB- and A3 ratings assigned to the bank lines of KRF Limited

April 26, 2010 ICRA reaffirms A1+ rating on Kotak Securities Limited’s short term debt programme forreduced amount

April 26, 2010 ICRA assigns LBB+ / A4+ rating to Kantilal Chhaganlal Securities Private Limited’s longterm / short term bank lines

April 26, 2010 ICRA assigns LBB (Stable)/ A4 ratings to the bank facilities of Magnum Estates Limited

April 26, 2010 ICRA assigns LBB (Stable)/ A4 ratings to the bank facilities of Magnum Sea FoodsLimited

April 26, 2010 ICRA reaffirms MA- rating and assigns a Stable outlook to the fixed deposits programmeof Seyad Shariat Finance Limited

April 26, 2010 ICRA assigns LB+ and A4 ratings to the bank limits of Shree Ganpatlal Onkarlal Agarwal& Co

April 26, 2010 ICRA assigns LBB (Stable)/A4 ratings to the bank limits of Sita Shree Food ProductsLimited

April 26, 2010 ICRA assigns LBB+ rating to bank facilities of Supreemo Fashion World Private Limited

April 26, 2010 ICRA assigns LB+ and A4 ratings to the bank limits of Swastik Coal Corporation Pvt. Ltd

April 26, 2010 ICRA assigns LB+ and A4 ratings to the bank limits of Swastik Coal International PrivateLimited

April 26, 2010 ICRA reaffirms the LAA- and A1+ ratings for bank facilities and CP programme of TataSteel Processing and Distribution Limited (erstwhile Tata Ryerson Limited)

April 26, 2010 ICRA withdraws the suspended rating for the fixed deposit programme of South AsianFinancial Exchange Limited

April 26, 2010 ICRA withdraws the suspended rating for the fixed deposit programme of SterlingHoliday Financial Services Limited

April 26, 2010 ICRA withdraws the suspended rating for the non-convertible debenture programme ofIndseam Services Limited

April 26, 2010 ICRA withdraws the suspended rating for the fixed deposit programme of IndseamServices Limited

April 26, 2010 ICRA withdraws the suspended rating for the fixed deposit programme of KIEV FinanceLimited

April 26, 2010 ICRA withdraws the suspended rating for the fixed deposit programme of MadhusudanLeasing and Finance Limited

April 26, 2010 ICRA assigns LBB+(Stable)/A4+ ratings to the bank limits of Prestige Feed Mills Limited

April 23, 2010 ICRA assigns LBB rating to the term loan programme of RKM Powergen Private Limited

April 23, 2010 ICRA assigns LB+ rating for bank facilities of Gurudeva Charitable Trust

April 23, 2010 ICRA assigns LBB+ rating to the bank facilities of Vindhyachal Hydro Power Limited

April 23, 2010 ICRA assigns LB to bank facilities of Magppie Exports Private Limited

April 23, 2010 ICRA assigns LBB+ rating to bank facilities of Satya Prakash Hotels Private Limited

April 23, 2010 ICRA downgrades the ratings assigned to the bank lines of Paramount CommunicationsLimited to LBB (Stable)/A4


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Limited to LBB (Stable)/A4

April 23, 2010 ICRA reaffirms A1+ rating to Investsmart Financial Services Limited’s Short –Term Debtprogramme

April 23, 2010 ICRA assigns LBB rating to bank facilities of Sriji Corporation Private Limited; assignsstable outlook

April 23, 2010 ICRA assigns LAA/Stable and A1+ ratings to bank facilities of GKB Rx Lens PrivateLimited

April 23, 2010 ICRA assigns LBBB- (Stable outlook) and A3 ratings to the bank facilities of SuperScrews Private Limited

April 23, 2010 ICRA retains LBBB- rating of Shikshayatan Foundation (erstwhile Marwari BalikaVidyalaya Society)

April 23, 2010 ICRA assigns LBB rating to the bank facilities of Ozone Projects Private Limited

April 23, 2010 ICRA places the ratings of Delhi International Airport Private Limited on rating watchwith negative implications; withdraws stable outlook

April 23, 2010 ICRA assigns LBBB- (stable)and A3 ratings to the bank facilities of Tech Auto PrivateLimited

April 23, 2010 ICRA assigns LA- and A1 ratings to the bank facilities of Ganesh Polychem Limited

April 22, 2010 ICRA assigns IPO Grade 3 to the proposed IPO of Jaypee Infratech Limited

April 22, 2010 ICRA assigns LBB and A4 rating to the bank facilities of Meltroll Engineering PrivateLimited

April 22, 2010 ICRA reaffirms the ratings for bank facilities of The Indure Private Limited at LBBB/A3+for an enhanced amount

April 22, 2010 ICRA assigns LBBB (Stable)/ A3+ ratings to bank facilities of Texspin Bearings Limited

April 22, 2010 ICRA reaffirms ratings assigned to senior PTCs under three MBS programmes ofDeutsche Postbank Home Finance

April 22, 2010 ICRA assigns LBB+ and A4+ ratings for bank facilities of Guardian Casting PrivateLimited

April 22, 2010 ICRA assign LBB- rating to the bank facilities of Sireesh Auto Private Limited

April 22, 2010 ICRA assigns A3 rating to the bank credit lines of Rolex Hosiery Private Limited

April 22, 2010 ICRA assigns LBB- rating to bank facilities of Rana Udyog

April 22, 2010 ICRA assigns LAA-(SO) rating to India Infoline Investment Services Ltd’s fresh longterm debt programme

April 22, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Rana Steels India Limited

April 22, 2010 Withdrawal of ICRA rating of LA- for Rs.944.2 million Optionally Convertible Debentureprogramme of L G Balakrishnan & Bros Limited

April 21, 2010 ICRA assigns LBB/A4 ratings to the bank lines of Agsons Agencies (I) Private Limited;assigns stable outlook

April 21, 2010 ICRA Assigns LBB/A4 ratings to the bank lines of G. Shankar

April 21, 2010 ICRA Assigns LBB+ rating to the bank lines of Shamili Hydel Power Project PrivateLimited

April 21, 2010 ICRA assigns A1 rating to the enhanced short term debt programme (includingcommercial paper) of KEC International Limited

April 21, 2010 ICRA assigns LBB (stable) and A4 ratings to the bank facilities of Waaree EnergiesPrivate Limited

April 21, 2010 ICRA assigns conditional ratings to the Pass Through Certificates under loansecuritisation programme of Kotak Mahindra Prime Limited

April 21, 2010 ICRA upgrades ratings of Purchaser Payouts in 3 vehicle loan-backed transactionsoriginated by Tata Motors; reaffirms ratings in 18 other transactions originated by TataMotors /Tata Motors Finance

April 21, 2010 ICRA assigns LBB and A4 ratings to the bank line of Controls and Schematics Limited;assigns stable outlook

April 21, 2010 ICRA assigns an LAA rating to the enhanced long term bank facilities of AfconsInfrastructure Limited

April 21, 2010 ICRA assigns LBB- (stable) / A4 ratings to the bank facilities of Mabel Engineers PrivateLimited

April 21, 2010 ICRA assigns LBB+ and A4+ ratings to the bank facilities of Adani Agrifresh Limited

April 21, 2010 ICRA assigns A1+ rating to Canara Bank’s Rs. 400 billion enhanced (from Rs. 350billion) certificate of deposit programme

April 21, 2010 ICRA assigns LB+ and A4 rating to the bank facilities of Epicenter Technologies PrivateLimited

April 20, 2010 ICRA assigns LBB+/ A4+ rating to bank facilities of Adlec Systems Private Limited;assigns stable outlook

April 20, 2010 ICRA assigns LBB+ (stable) rating to the bank limits of Ansal Buildwell Limited

April 20, 2010 ICRA assigns LBB-(stable)/A4 rating to the working capital facilities of Bharat CottageIndustries

April 20, 2010 ICRA assigns mfAAA(SO) to Birla Sun Life Capital Protection Oriented Fund – Series3-6

April 20, 2010 ICRA upgrades the ratings of debt programmes of C&S Electric Limited (formerlyknown as Control & Switchgear Company Limited) from LA/A1 to LA+/A1+; assigns


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known as Control & Switchgear Company Limited) from LA/A1 to LA+/A1+; assignsstable outlook

April 20, 2010 ICRA revises the long term rating for bank facilities of Exide Industries Limited to LAAA;stable outlook assigned; rating on Commercial Paper programme reaffirmed at A1+

April 20, 2010 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of HI-Q Electronics (P) Ltd;assigns stable outlook

April 20, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Mahalaxmi Dyes & ChemicalsLimited

April 20, 2010 ICRA upgrades the rating assigned to the bank limits of Pondicherry TindivanamTollways Limited; assigns stable outlook

April 20, 2010 ICRA assigns LBB (stable) rating to the working capital facilities of Quality Cine LabsPrivate Limited

April 20, 2010 ICRA assigns LBB- rating to the bank facilities of Shubh Motors Private Limited; assignsstable outlook

April 20, 2010 ICRA reaffirms the ratings assigned to enhanced bank lines of SMC Power GenerationLimited

April 20, 2010 ICRA reaffirms the highest-credit-quality ratings assigned earlier to Tier II bonds andCertificate of Deposit programme of State Bank of Patiala

April 20, 2010 ICRA Assigns LBBB and A2 ratings to bank facilities of TRUMPF India Private Limited

April 20, 2010 ICRA assigns LBBB- rating to bank facilities of IBN18 Broadcast Limited for anenhanced amount

April 20, 2010 ICRA assigns LBBB- rating to bank facilities of Network18 Media and InvestmentsLimited for an enhanced amount

April 19, 2010 ICRA assigns LC rating to the bank facilities of Venus Sugar Limited

April 19, 2010 ICRA reaffirms the long term rating and revises the short term rating assigned to thebank lines of Avon Ispat & Power Limited; assigns stable outlook

April 19, 2010 ICRA assigns LA rating to long term bank facilities of Tata Teleservices (Maharashtra)Limited; assigns stable outlook

April 19, 2010 With improved business environment, upgrades increase significantly; downgradesmoderate

April 19, 2010 ICRA assigns LAA+ rating to Non Convertible Debenture programme of Aditya BirlaNuvo Limited (ABNL)

April 19, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Atlantis Products Private Limited

April 19, 2010 ICRA assigns A4 rating to bank facilities of Attar Constructions Company PrivateLimited (ACCPL)

April 19, 2010 ICRA assigns LBB/Stable and A4 ratings to bank facilities of Banowari Lal AgarwallaPrivate Limited

April 19, 2010 ICRA assigns Stable outlook to the long term ratings of Chennai Container TerminalPrivate Limited

April 19, 2010 ICRA withdraws ratings assigned to the Senior PTCs issued by IRS Trust - Series I

April 19, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Jaideep Ispat & Alloys Pvt. Ltd

April 19, 2010 ICRA assigns LBB+ (Stable) and A4+ ratings to the banklines of LeoDuct Engineersand Consultants Limited (LDECL)

April 19, 2010 ICRA assigns Stable outlook to the long term ratings of Mundra International ContainerTerminal Private Limited; removes rating watch with negative implications

April 19, 2010 ICRA assigns Stable outlook to the long term ratings of Nhava Sheva InternationalContainer Terminal Private Limited

April 19, 2010 ICRA assigns LBBB+/A2 rating to the bank facilities of Nilon’s Enterprise PrivateLimited

April 19, 2010 ICRA assigns LB+ / A4 ratings to the bank facilities of Southern Batteries PrivateLimited

April 19, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Timespac India Limited

April 16, 2010 ICRA assigns LBB and A4 ratings to the bank line of Controls and Schematics Ltd.;assigns stable outlook

April 16, 2010 ICRA assigns LBB (Stable) and A4 ratings to bank facilities of Dagger Master ToolIndustries Limited (DMTIL)

April 16, 2010 ICRA assigns LAA+ (negative) rating to long-term bank lines of Deutsche PostbankHome Finance Ltd

April 16, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Gilvert Ispat; assigns stableoutlook

April 16, 2010 ICRA retains LBBB- and A3 ratings of Jabs International Pvt. Ltd.

April 16, 2010 ICRA has reaffirmed the rating assigned to the bank limits of Madurai TuticorinExpressways Limited (MTEL)

April 16, 2010 ICRA assigns LB+ and A4 rating to bank facilities of Naxpar Pharma Private Limited

April 16, 2010 ICRA assigns LBBB+ and A2 ratings to the bank facilities of NCL Alltek & Seccolor Ltd.

April 16, 2010 ICRA reaffirms LAAA/A1+ ratings to debt programmes of NTPC for enhanced amounts

April 16, 2010 ICRA assigns LBB (stable) / A4 ratings to the bank facilities of Rajashree SpintexPrivate Limited

April 16, 2010 ICRA assigns LBBB (stable) and A3+ ratings to bank facilities of Shrijee Lifestyle


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April 16, 2010 ICRA assigns LBBB (stable) and A3+ ratings to bank facilities of Shrijee LifestylePrivate Limited

April 16, 2010 ICRA revises the rating assigned to the bank limits of Tamil Nadu Dindigul KarurExpressways Limited (TNDK)

April 16, 2010 ICRA assigns LA+ (Positive Outlook) rating to Rs. 3 billion NCD programme of TataMotors Limited

April 16, 2010 ICRA reaffirms the rating assigned to the bank limits of Trichy Thanjavur ExpresswaysLimited (TTEL)

April 16, 2010 ICRA assigns LB+ and A4 ratings to bank facilities of Well Pack Papers & ContainersLimited

April 16, 2010 ICRA upgrades the rating assigned to the long term debt programme of SobhaDevelopers Limited

April 16, 2010 ICRA assigns LB+ rating to Kanco Enterprises Limited

April 16, 2010 ICRA upgrades the rating assigned to the bank limits of Madhucon Agra JaipurExpressways Limited (MAJEL)

April 16, 2010 ICRA reaffirms LBBB- (Stable) and A3 ratings for the bank facilities of R.K. PowergenPrivate Limited

April 16, 2010 ICRA assigns ratings of LBBB/A3+ to bank facilities of BRG Energy Limited

April 15, 2010 ICRA revises ratings assigned to the bank facilities of ETA Constructions (India) Limited

April 15, 2010 ICRA assigns LBBB-/A3 ratings to the bank facilities of Jai Aravali Industries

April 15, 2010 ICRA assigns LBB+ rating to the bank facilities of Kalyan Jewellers Madurai

April 15, 2010 A CR1 (pronounced C R one) grading has been assigned to L&T (ECC Division)

April 15, 2010 ICRA assigns LAA rating with a stable outlook to Rs. 7 billion non-convertibledebentures programme of L&T Infrastructure Finance Company Limited

April 15, 2010 ICRA revises the rating for the bank limits of Nimbark Gems

April 15, 2010 ICRA assigns LBB+ and A4+ ratings to the bank line of Sama Jewellery Pvt. Limited;assigns stable outlook

April 15, 2010 ICRA upgrades rating assigned to working capital facilities of Rohini IndustrialElectricals Limited to LA+/A1+; rating amount enhanced; assigns stable outlook to longterm rating

April 15, 2010 ICRA assigns LBBB (stable) rating to the enhanced bank limits of Vijay NirmanCompany Private Limited

April 15, 2010 ICRA assigns LBB (stable) and A4 ratings to bank facilities of VRV Textiles Limited

April 15, 2010 ICRA assigns LAAA rating to Non Convertible Debenture Programme of HDFC Limited

April 15, 2010 ICRA Withdraws Ratings Assigned To Rs. 10.19 Billion Bank Facilities and Short TermLoans Of Tata Teleservices (Maharashtra) Limited

April 13, 2010 ICRA assigns LBBB- rating assigned to the bank facilities of Rockland Hospitals Limited

April 13, 2010 ICRA reaffirms the LA and A1 ratings for the enhanced bank facilities and CommercialPaper (CP) / Short term debt (STD) programme of BSCPL Infrastructure Limited

April 13, 2010 ICRA reaffirms the LAA (So) rating for Non Convertible Debenture Programme of TataTeleservices Limited; assigns stable outlook

April 13, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Sowbhagya Polymers Limited;assigns stable outlook

April 13, 2010 ICRA upgrades the ratings assigned to the bank limits of The CAMPCO Limited

April 13, 2010 ICRA assigns LA+ (stable) rating to additional long-term bank lines of DHFL VysyaHousing Finance Ltd.

April 13, 2010 ICRA assigns LBBB rating to bank facilities of HSI Automtives Limited

April 13, 2010 ICRA assigns LBB+ rating to bank facilities of Hwaseung Auto Parts (India) PrivateLimited

April 13, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of CBay Systems (India) PrivateLimited

April 13, 2010 ICRA assigns LBBB rating to bank facilities of Hwaseung Materials (India) PrivateLimited

April 13, 2010 ICRA assigns LBBB- (stable) and A3 ratings to bank facilities of Indore CompositePrivate Limited

April 13, 2010 ICRA assigns LBB+ rating to the bank facilities of Kalyan Jewellers Kollam and Erode

April 13, 2010 ICRA assigns LBB+ rating to the bank facilities of Kalyan Jewellers Salem

April 13, 2010 ICRA assigns LBB+ rating to the bank facilities of Kalyan Jewellers Salem PrivateLimited

April 13, 2010 ICRA revises the long term rating for bank facilities of KG Fabriks Limited to LC+ fromLB-; re-affirms the short term rating of A4

April 13, 2010 ICRA assigns LBB+ and A4+ ratings to bank lines of Lall Construction Company;assigns stable outlook

April 13, 2010 ICRA upgrades the long term rating for bank facilities of MBL Infrastructures Limited;re-affirms short-term rating

April 13, 2010 ICRA assigns LA- and A2+ ratings to the bank facilities of Metzeler Automotive ProfilesIndia Private Limited; assigns stable outlook

April 13, 2010 ICRA revises the rating for bank facilities of Ratilal Becharlal & Sons

April 13, 2010 ICRA assigns LBB+ rating to the bank facilities of Skylark Hatcheries Private Limited


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April 13, 2010 ICRA assigns LBB+ rating to the bank facilities of Skylark Hatcheries Private Limited

April 13, 2010 ICRA re-affirms LBB/A4 ratings to the bank facilities of Sri Kannapiran Mills Limited

April 13, 2010 ICRA assigns LB+ rating to the bank facilities of Universal Autofoundry Private Limited

April 13, 2010 ICRA assigns LBB (stable) and A4 ratings to bank lines of Vikky’s Agrisciences PrivateLimited

April 12, 2010 ICRA assigns LA+ (Stable) & A1+ rating to ACE Designers Limited

April 12, 2010 ICRA assigns LBB- (stable) rating to bank facilities of Avnash Automobiles PrivateLimited

April 12, 2010 ICRA places the ratings of Godrej Consumer Products Limited under rating watch withdeveloping implications

April 12, 2010 ICRA assigns LBBB- and A3 ratings for bank facilities of Guardian Steels Pvt. Ltd

April 12, 2010 ICRA assigns LBB rating to the bank facilities of Him Alloys & Steels Private Limited;assigns stable outlook

April 12, 2010 ICRA reaffirms LAAA (SO) to the existing bond programmes of IIFCL, assigns stableoutlook

April 12, 2010 ICRA assigns LBB (stable) and A4 ratings to bank facilities of Jay ElectrocomIndustries

April 12, 2010 ICRA assigns LA-(stable)/ A1 rating to bank facilities of Maa Television Network Limited

April 12, 2010 ICRA assigns LA- and A1 ratings to bank facilities of Prakash Snacks Private Limited

April 12, 2010 ICRA assigns LBB and A4 ratings to the bank lines of Rathi Graphic TechnologiesLimited; assigns stable outlook

April 12, 2010 ICRA assigns LAAA rating to Tata Sons Limited

April 12, 2010 ICRA assigns LBBB- (stable) and A3 ratings to bank facilities of Vitesse Private Limited

April 12, 2010 ICRA WITHDRAWS GRADINGS ASSIGNED TO GOLDEN NEST PHASE XI-XIVPROJECT

April 9, 2010 ICRA re-affirms LBBB- / A3 ratings to the bank facilities of Sical Iron ore TerminalsLimited; assigns Stable outlook

April 9, 2010 ICRA re-affirms LBBB- / A3 ratings to the bank facilities of Sical Iron ore TerminalsLimited; assigns Stable outlook

April 9, 2010 ICRA reaffirms LAAA (SO) rating to the Government of India guaranteed Bondprogramme of Food Corporation of India

April 9, 2010 ICRA revises the ratings for bank line facilities of India Carbon Ltd

April 9, 2010 ICRA reaffirms the LBBB- (stable) and A3 ratings for bank facilities of IRM Limited

April 9, 2010 ICRA Assigns A4 Rating To Bank Facilities Of Lamos (India) Exports Private Limited

April 9, 2010 ICRA assigns A3 rating to the bank facilities of Madhu Mineral Enterprises

April 9, 2010 ICRA assigns LBB- (stable) and A4 ratings to bank facilities of Mittal Sections Limited

April 9, 2010 ICRA reaffirms its LAA/A1+ (Stable) rating of NDPL; rated amount enhanced

April 9, 2010 ICRA assigns mfA1 rating to Peerless Liquid Fund and Peerless Ultra Short Term Fund

April 9, 2010 ICRA assigns the highest credit quality ratings to the Long Term and Short Termborrowing programme of Power Finance Corporation Limited

April 9, 2010 ICRA assigns conditional LAAA(SO) to the Purchaser Payouts backed by commercialvehicle and construction equipment loan pool originated by Religare Finvest Limited

April 9, 2010 ICRA assigns conditional LAAA(SO) to the Purchaser Payouts backed by commercialvehicle and construction equipment loan pool originated by Religare Finvest Limited

April 9, 2010 ICRA assigns LBBB / A2 ratings to the bank facilities of Sakthi Finance Limited;reaffirms MA- rating to the fixed deposits programme

April 9, 2010 ICRA assigns LA+ (SO) and A1+ (SO) ratings to bank facilities of UTV GlobalBroadcasting Limited

April 9, 2010 ICRA reaffirms LBBB-/A3 ratings to the bank facilities of United Telecoms Limited

April 9, 2010 ICRA has withdrawn the A1+s rating assigned to short-term debt/commercial paperprogramme of Fortis Healthcare Limited

April 8, 2010 ICRA assigns LB rating to bank facilities of Omaxe Buildhome Private Limited

April 8, 2010 ICRA re-affirms LBB+ and A4+ ratings to the bank facilities of Riya Travel & Tours(India) Private Limited; Stable outlook assigned

April 8, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Rohan Dyes and IntermediatesLimited

April 8, 2010 ICRA assigns LBB (Stable) / A4 ratings to the bank facilities of Sowmiya SpinnersPrivate Limited

April 8, 2010 ICRA assigns ratings to bank line facilities of Supertron Electronics Limited

April 8, 2010 ICRA assigns LBBB rating to the bank facilities of BEKEM Infra Projects Private Limited

April 8, 2010 ICRA assigns LBBB- and A3 rating to the bank facilities of Amrut Gems

April 8, 2010 ICRA assigns LA-/A1 ratings to the bank lines of Shivdeep Industries Limited; assignsstable outlook

April 8, 2010 ICRA assigns LAA- rating to the bank lines of Rashtriya Chemicals & Fertlizers Limited(RCF)

April 8, 2010 ICRA assigns LBB+ and A4+ ratings to bank lines of Lall Construction Company;assigns stable outlook


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April 8, 2010 ICRA assigns LBB rating to the bank limits of Daya MK Developers Private Limited;assigns stable outlook

April 8, 2010 ICRA assigns LBB+ rating to the bank facilities of Mahavir Ashok Enterprises Pvt. Ltd.

April 8, 2010 ICRA upgrades the ratings for bank facilities of Insecticides (India) Limited

April 8, 2010 ICRA upgrades the ratings assigned to the bank limits of Shell MRPL Aviation Fuels andServices Private Limited

April 8, 2010 ICRA assigns LBB+ and A4+ ratings for bank facilities of Ratanchand Jewellers PrivateLimited

April 8, 2010 ICRA assigns LBB rating to the bank facilities of Kausthubha Project Private Limited

April 8, 2010 ICRA Assigns LBB- rating to the bank facilities of Amethyst Hospitality Private Limited

April 8, 2010 ICRA reaffirms LBBB- (Stable)/ A3 ratings to the bank facilities of Hare KrishnaMetallics Private Limited

April 8, 2010 ICRA assigns A1+ rating to Reliance Consumer Finance Private Limited’s short termdebt programme

April 8, 2010 ICRA assigns LBB- and A4 rating to bank facilities of Vijmohan Constructions PrivateLimited

April 8, 2010 ICRA assigns LA- and A1 ratings to bank facilities of Prakash Snacks Private Limited

April 8, 2010 CRA revises outlook assigned to bank facilities of Escorts Construction EquipmentLimited

April 8, 2010 ICRA assigns LB- and A4 rating to bank facilities of Prajay Engineers SyndicateLimited

April 7, 2010 ICRA re-affirms LAAA/A1+ ratings to the bank limits of Bharat Electronics Limited

April 7, 2010 ICRA assigns LBBB+(SO) and A2(SO) ratings to bank facilities of Aster BuildingSolutions Private Limited

April 7, 2010 ICRA reaffirms LA-/A1 ratings to bank facilities of The Andhra Sugars Limited for anenhanced amount

April 7, 2010 ICRA Online seals Strategic Alliance with IDEAcarbon in India

April 7, 2010 ICRA Assigns LB Rating to Bank Facilities Of Drisha Impex Private Limited

April 7, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Kongovi Electronics PrivateLimited; assigns stable outlook

April 7, 2010 ICRA reaffirms LBBB- rating to bank facilities of Kothari Cars Private Limited; assignsstable outlook

April 7, 2010 ICRA assigns A4 rating to the bank limits of M.M. Exports (India)

April 7, 2010 ICRA assigns A1+ ratings to enhanced bank facilities of Mahindra Logistics Limited;reaffirms LA+ rating on the long term bank facilities

April 7, 2010 ICRA reaffirms the LAAA and A1+ ratings for bank facilities of Mangalore Refinery andPetrochemicals Ltd (MRPL); also retains MRPL’s issuer rating at IrAAA

April 7, 2010 ICRA assigns LBBB- and A3 rating to the bank limits of Oswal Cable Products

April 7, 2010 ICRA assigns A4 rating to the bank facilities of Priyanka Gems

April 7, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of R.P. Vyapaar Private Limited

April 7, 2010 ICRA assigns A4+ rating to bank lines of Sanghvi & Sons

April 7, 2010 ICRA assigns LBBB+ (stable) and A2 ratings to bank facilities of Tops Security Limited

April 7, 2010 ICRA assigns LBBB (stable) /A2 ratings to the enhanced bank facilities of UBEngineering Limited

April 7, 2010 ICRA assigns LBBB (Stable) / A3+ ratings to the bank facilities of Windals PrecisionPrivate Limited

April 7, 2010 ICRA withdraws ratings assigned to Purchaser Payouts backed by CV loan pooloriginated by Sundaram Finance Limited

April 6, 2010 ICRA assigns conditional rating to the Pass Through Certificates under loansecuritisation programme of Kotak Mahindra Prime Limited

April 6, 2010 ICRA assigns LBB rating to the bank facilities of Karia Developers & Builders

April 6, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Lucky Steel Industries (ShipBreaking Division); assigns stable outlook

April 6, 2010 ICRA assigns LBBB- and A3 ratings to the bank facilities of Om Household AppliancesPrivate Limited

April 6, 2010 ICRA assigns LBBB+ rating to term loan facilities of Ramkrishna Forgings Ltd

April 6, 2010 ICRA assigns LBBB- and A3 ratings to the bank facilities of Srinivasa Edifice PrivateLimited

April 6, 2010 ICRA places the rating of Dalmia Cement (Bharat) Limited under watch with developingimplications

April 6, 2010 ICRA assigns LBB- and A4 ratings to the bank facilities of Y. S. Investments; assignsstable outlook

April 6, 2010 ICRA revises the ratings for the bank limits of Kakinada Seaports Limited

April 6, 2010 ICRA reaffirms the LBB+ rating for bank facilities of Sunflag Filaments Limited (SFL);assigns stable outlook; withdraws the A4+ rating for bank facilities of SFL

April 6, 2010 ICRA withdraws ratings assigned to the PTCs under Loan Securitisation programmes ofAXIS Bank Limited


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AXIS Bank Limited

April 6, 2010 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisationprogrammes of Citibank

April 6, 2010 ICRA withdraws ratings assigned to Senior PTC Series A10 backed by loansreceivables under the ABS programme originated by HDFC Bank Limited

April 6, 2010 ICRA withdraws ratings assigned to the PTCs under Loan Securitisation programmes ofYES Bank Limited

April 6, 2010 ICRA withdraws ratings assigned to the PTC Series A2 issued by Transportation LoanTrust Series I, ABS programme originated by GE Capital Transportation FinancialServices Ltd

April 6, 2010 ICRA places the rating of Dalmia Cement (Bharat) Limited under watch with developingimplications

April 5, 2010 ICRA reaffirms issuer rating of IrAAA to The Clearing Corporation of India Limited

April 5, 2010 ICRA reaffirms its LA/ A1 rating to the bank limits of HSIL Limited; assigns stableoutlook

April 5, 2010 ICRA upgrades the Short Term Ratings and assigns the positive outlook on Long TermRatings of Tata Motors Finance Limited

April 5, 2010 ICRA upgrades Tata Motors short-term rating to A1+; re-affirms the long-term rating atLA+ and assigns positive outlook

April 5, 2010 ICRA revises bank loan rating of Amalgamated Plantation Pvt Ltd

April 5, 2010 ICRA assigns LB+ and A4 ratings to bank facilities of M/s. Artex Apparels

April 5, 2010 ICRA assigns LBBB rating to the bank facilities of BEKEM Infra Projects Private Limited

April 5, 2010 ICRA assigns LBBB (Stable)/A2 rating to bank facilities of Endress+Hauser (India)Automation Instrumentation Private Limited

April 5, 2010 ICRA assigns LBBB-/A3 ratings to the enhanced bank facilities of GMR Aviation PrivateLimited

April 5, 2010 ICRA assigns LB and A4 ratings to Harrisons Malayalam Limited

April 5, 2010 ICRA reaffirms the ratings for bank facilities of Hira Power & Steels Ltd

April 5, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Hy-Link Overseas Private Limited;assigns stable outlook

April 5, 2010 ICRA assigns LA+ and A1+ ratings to bank facilities of Intercontinental Consultants &Technocrats Pvt. Ltd.

April 5, 2010 ICRA reaffirms LAA- rating and the A1 + rating for the bank facilities of OCL IndiaLimited; the rated amount is enhanced

April 5, 2010 ICRA assigns LBB- ratings to bank facilities of Johnson Jewellers

April 5, 2010 ICRA assigns LBBB+/A2+ ratings to the bank lines of SICOM Investments and FinanceLimited

April 5, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Specific Ceramics Limited

April 5, 2010 ICRA assigns LBB rating to the fund based limits of Unique Punch Systems PrivateLimited

April 5, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Mega Vitrified Tiles PrivateLimited

April 5, 2010 ICRA assigns LB+ and A4 rating to the term loan and bank facilities of ArchidplyIndustries Limited

April 5, 2010 ICRA reaffirms the ratings assigned to the debt programme of Haldia PetrochemicalsLimited

April 5, 2010 ICRA assigns LBBB/A2 (Stable) ratings to the bank facilities of SSF Plastics (India)Private Limited

April 5, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Sunora Tiles Private Limited

April 5, 2010 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisationprogrammes of ICICI Bank Limited.

April 5, 2010 ICRA withdraws ratings assigned to Senior PTC Series A11 backed by loan receivablesoriginated by Reliance Capital Limited.

April 5, 2010 ICRA withdraws ratings assigned to Senior PTC Series A2 backed by loan receivablesunder the ABS programme originated by SREI Equipment Finance Private Limited.

April 5, 2010 ICRA withdraws ratings assigned to the Senior PTCs issued by IRS Trust - Series I

April 1, 2010 ICRA assigns LBB+ (SO)/LBB/A4+ (SO) ratings to bank limits of A B Grain SpiritsPrivate Limited

April 1, 2010 ICRA assigns LB+ rating to bank facilities of Amartex Industries Limited

April 1, 2010 ICRA assigns A1 rating to enhanced Commercial Paper programme of Core Projectsand Technologies Limited

April 1, 2010 ICRA upgrades ratings assigned to bank facilities of Escorts Limited

April 1, 2010 ICRA suspends the ratings for bank facilities of Jasch Plastics India Ltd (JPIL)

April 1, 2010 ICRA assigns LBBB- (SO) ratings to the debt programme of KSK Mineral ResourcesPrivate Limited

April 1, 2010 ICRA assigns LBBB- (SO) ratings to the debt programme of SN Nirman Infra ProjectsPrivate Limited

April 1, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Lorenzo Vitrified Tiles Private


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April 1, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Lorenzo Vitrified Tiles PrivateLimited

March 31, 2010 ICRA assigns LB+ and A4 rating to the bank facilities of Dustven Private Limited

March 31, 2010 ICRA assigns LBB-/A4 ratings to the bank facilities of Johnson Enterprise Limited

March 31, 2010 ICRA places Cholamandalam DBS Finance Limited’s LAA- (stable outlook) rating underrating watch with developing implications

March 31, 2010 ICRA assigns LAA/A1+ ratings to the working capital facilities of Audco India Limited

March 31, 2010 ICRA assigns conditional LAAA(SO) rating to the purchaser payouts backed by a poolof commercial vehicles and farm equipment loans originated by Sundaram FinanceLimited- Sundaram Finance CV & Tractor Loan Pool D.A. Mar -10

March 31, 2010 ICRA assigns LBB-/ A4 ratings to the bank facilities of Balaji Iron & Steel IndustriesPrivate Limited; assigns stable outlook

March 31, 2010 ICRA assigns the A1+ rating to IL&FS Securities Services Limited’s short term debtprogramme

March 31, 2010 ICRA assigns conditional LAAA (SO) ratings to the Purchaser Payouts backed by fourmortgage loan pools originated by Housing Development Finance Corporation Limited(HDFC Limited)

March 31, 2010 ICRA re-affirms LBBB+/A2+ ratings to the working capital facilities of B.V. Bio-crop Pvt.Ltd.; assigns stable outlook

March 31, 2010 ICRA assigns LA rating to bank facilities of Ennore Port Limited

March 31, 2010 ICRA’s LA / A1 ratings on Wireless TT Info Services Limited continue to be on RatingWatch with Developing Implications

March 31, 2010 ICRA assigns LBBB- and A3+ ratings to bank facilities of Concept PharmaceuticalsLimited

March 31, 2010 ICRA assigns LA-/A1 ratings to the bank limits of Jindal Drilling & Industries Limited

March 31, 2010 ICRA assigns LBB+ to bank facilities of Topworth Pipes and Tubes Private Limited

March 31, 2010 ICRA suspends the rating of LBBB- and A3 assigned to the bank limits of AravaliInfrapower Limited

March 31, 2010 ICRA reaffirms LBBB+ and A2+ ratings for bank facilities of AVT McCormickIngredients Private Limited, rated amount enhanced

March 31, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Dalmia Cement VenturesLimited

March 31, 2010 ICRA assigns conditional ratings to the Pass Through Certificates under loansecuritisation programme of Kotak Mahindra Prime Limited.

March 31, 2010 ICRA reaffirms issuer rating of IrA- for Mangalore Electricity Supply Company Limited

March 31, 2010 ICRA assigns LB+ and A4 ratings to the bank limits of Neco heavy Engineering andCastings Limited

March 31, 2010 ICRA assigns LBB rating to the bank facilities of Peninsula Projects (Bangalore) PrivateLimited; assigns stable outlook

March 31, 2010 ICRA assigns LBB- rating to the bank facilities of Primrose Realty Projects (Bangalore)Private Limited; assigns stable outlook

March 31, 2010 ICRA assigns A3 rating to banks lines of Rawmin Mining and Industries Private Limited

March 31, 2010 ICRA assigns LBB+ rating to the bank facilities of Salisbury Projects Private Limited;assigns stable outlook

March 31, 2010 ICRA assigns the A1+ rating to Securities Trading Corporation of India Ltd’s enhancedshort term debt programme

March 31, 2010 ICRA reaffirms LBB+ and A4+ ratings for bank facilities of Steel Exchange IndiaLimited, rated amount enhanced

March 31, 2010 ICRA assign LBBB- (Stable)/A3 ratings to Basel – II bank lines of Techno Shares andStocks Limited

March 31, 2010 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of Tagros Chemicals IndiaLimited

March 31, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Shri Ken Enterprises Pvt. Ltd.

March 31, 2010 ICRA assigns LBBB-/A3 ratings to the working capital facilities of Dembla ValvesLimited

March 31, 2010 ICRA assigns LBBB+(SO) and A2(SO) ratings to the bank facilities of QuEST SEZDevelopment Private Limited

March 31, 2010 ICRA assigns A4 rating to the bank facilities of J.J. Vora

March 31, 2010 ICRA assigns A4 rating to the bank facilities of Krishna Gems

March 31, 2010 ICRA reaffirms highest credit quality rating to the Certificate of Deposit Programme ofAllahabad Bank

March 31, 2010 ICRA assigns LBB- (stable) rating to bank facilities of Omaxe Infrastructure &Construction Limited

March 31, 2010 ICRA reaffirms LBBB+ and A2+ ratings to the bank limits of AVT Natural ProductsLimited

March 31, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Oswal Agricomm Private Limited

March 31, 2010 ICRA assigns LBB+ rating to bank facilities of Ghodawat Foods International PrivateLimited; assigns stable outlook

March 31, 2010 ICRA assigns LB+ (SO) rating to the bank lines of Chadha Papers Limited


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March 31, 2010 ICRA assigns LB+ (SO) rating to the bank lines of Chadha Papers Limited

March 31, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Polmon Instruments PrivateLimited

March 31, 2010 ICRA reaffirms the LBBB+ and A2 ratings for bank facilities of Mineral EnterprisesLimited, rated amount enhanced

March 31, 2010 ICRA assigns LA- rating to bank facilities of Anmol Biscuits Limited

March 31, 2010 ICRA assigns LBBB-/ A3 ratings to the bank facilities of Rajapalayam Spinners PrivateLimited

March 31, 2010 ICRA assigns the rating A4+ to short term bank lines of Pragya Securities PrivateLimited

March 31, 2010 ICRA assigns LBBB- rating to the bank limits of KB Mall Management Company Limited

March 31, 2010 ICRA assigns LBBB+ (stable) and A2 ratings to bank lines of Rosy Blue (India) PrivateLimited

March 31, 2010 ICRA assigns LBBB rating to the proposed Non Convertible debenture programme ofShare Microfin Limited

March 31, 2010 ICRA assigns LBB- rating to the Fund based facilities of Shakti Sugar Mill Pvt. Ltd.

March 31, 2010 ICRA assigns LBB- rating to the Fund based facilities of Narmada Sugars Pvt. Ltd.

March 31, 2010 ICRA assigns LBB- rating to the Fund based facilities of Ramdev Sugars Pvt. Ltd.

March 31, 2010 ICRA assigns LBB/A4 ratings to the bank facilities of Pristine Commercials PrivateLimited

March 31, 2010 ICRA assigns LAAA ratings with a Stable Outlook to the fresh long-term debtprogramme of Infrastructure Development Finance Company Limited

March 31, 2010 ICRA assigns LBB rating to the term loans of Alwar Power Company Private Limited

March 31, 2010 ICRA assigns LA+ (Stable) and A1+ ratings to the enhanced bank facilities ofRedington (India) Limited

March 31, 2010 ICRA assigns LBB+ rating to the bank facilities of The Karnataka HandloomDevelopment Corporation Limited; assigns stable outlook

March 31, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Acalmar Oils and Fats Limited

March 31, 2010 ICRA assigns assigns LBBB- rating to bank facilities of Shriniwas Education Society

March 31, 2010 ICRA assigns LBB rating to the bank facilities of S.D Bansal Iron & Steel Pvt Ltd

March 31, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Krishnapatnam Oils and FatsPrivate Limited

March 30, 2010 ICRA assigns LBB rating to the bank facilities of Saket Infraprojects Limited

March 30, 2010 ICRA assigns LBBB and A3+ rating to the bank facilities of Walplast Products PrivateLimited

March 30, 2010 ICRA assigns LBBB- (stable) rating to bank facilities of Sai Swarnamandir JewellersPrivate Limited

March 30, 2010 ICRA assigns LBB-/A4 rating to the bank facilities of Magtel Power Systems PrivateLimited; assigns stable outlook

March 30, 2010 ICRA assigns LBB rating to the bank limits of Reliable Spaces Private Limited

March 30, 2010 ICRA downgrades the Fixed Deposit rating of PHF Leasing Limited from MB+ to MB

March 30, 2010 ICRA assigns issuer rating of IrA+ to TM International Logistics Limited

March 30, 2010 ICRA assigns LB+ and A4 ratings to the bank facilities of Garnett Speciality PapersLimited

March 30, 2010 ICRA Revises the rating of Infinity.Com Financial Securities Limited from A3 to A2

March 30, 2010 ICRA Revises the rating of Pioneer Investcorp Limited

March 30, 2010 ICRA assigns LBB- (stable) and A4 ratings to bank lines of Sparklings Traders PrivateLimited

March 30, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Optima Cube InframaterialsPrivate Limited

March 30, 2010 ICRA assigns LBB- and A4 ratings to the bank facilities of Siddhi Edibles PrivateLimited

March 30, 2010 ICRA assigns LBB+/Stable and A4+ ratings to bank facilities of Petro Carbon andChemicals Pvt. Ltd.

March 30, 2010 ICRA assigns LBB/A4 rating to the bank limits of Kalapurna Steel & Engineering Pvt.Ltd.

March 30, 2010 ICRA re-affirms LBB/A4 ratings to the bank facilities of Suryalakshmi Cotton MillsLimited

March 30, 2010 ICRA re-affirms LBB/A4 ratings to the bank facilities of Suryakiran International Limited

March 30, 2010 ICRA assigns A1+ rating to the enhanced Rs 15 billion short term debt programme ofReligare Securities Limited

March 30, 2010 ICRA assigns A4 rating to the short term bank facilities of Akshar Impex

March 30, 2010 ICRA downgrades the rating assigned to the bank facilities of Fekari InfrastructurePrivate Limited (FIPL)

March 30, 2010 ICRA assigns LBB+ and A4+ rating to bank facilities of Nyka Steels Private Limited

March 30, 2010 ICRA assigns LBBB- rating to bank facilities of Tirupati Buildcon Private Limited

March 30, 2010 ICRA assigns LBB- (Stable)/A4 rating to bank facilities of Spaceage Associates


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March 30, 2010 ICRA assigns A1 rating to short term debt/commercial paper programme of PeninsulaLand Ltd

March 30, 2010 ICRA assigns a final LA+(SO) rating to the Term Loans of Karnataka Water andSanitation Pooled Fund

March 30, 2010 ICRA assigns A2 rating to the bank facilities of GSPC Pipavav Power Company Limited

March 30, 2010 ICRA assigns LBB rating to the bank facilities of Upkar Estates; assigns stable outlook

March 30, 2010 ICRA assigns A1+ (SO) rating to Karvy Financial Services Limited’s Short Term DebtProgramme

March 30, 2010 ICRA assigns LB- rating to the bank facilities of Futura Polyesters Limited

March 30, 2010 ICRA assigns LA+ and A1+ ratings to bank facilities of Apeejay Tea Limited

March 29, 2010 ICRA assigns LB+ rating to bank facilities of Uan Max Infra Limited (UMIL)

March 29, 2010 ICRA assigns LB+ rating to bank facilities of Max Infratech (India) Private Limited(MIIPL)

March 29, 2010 ICRA assigns A1+ rating to Axis Bank’s enhanced CD Programme

March 29, 2010 ICRA reaffirms rating assigned to senior PTCs under MBS programme of Bank ofBaroda

March 29, 2010 ICRA reaffirms LA- rating for the enhanced bank facilities of Hero Motors Limited

March 29, 2010 ICRA assigns LAA-(SO) rating to India Infoline Investment Services Ltd’s fresh longterm debt programme

March 29, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Indian Steel CorporationLimited; assigns stable outlook

March 29, 2010 ICRA assigns LBB+ (stable) and A4+ ratings to bank lines of Orbit Exports Limited

March 29, 2010 ICRA reaffirms the CGR 2 rating assigned to the corporate governance practices ofPunjab National Bank

March 29, 2010 ICRA assigns LBB rating to the bank facilities of Purple Creations Private Limited

March 29, 2010 ICRA assigns a rating of LBB and A4 to the bank facilities of Shiv Shakti InternationalPrivate Limited

March 29, 2010 ICRA revises the ratings for the bank facilities of Sona Fuji Kiko Automotive Limited

March 29, 2010 ICRA revises the ratings for the bank facilities of Sona Koyo Steering Systems Limited

March 29, 2010 ICRA Revises the rating of Sushil Financial Services Private Limited from A4+ to A3

March 29, 2010 ICRA assigns A1+ rating to the Rs. 40 billion (enhanced from Rs. 30 billion) short termdebt programme and LA+ rating to Rs. 10 billion (enhanced from Rs. 5 billion) long termbank loans of Religare Finvest Limited

March 29, 2010 ICRA reaffirms LBBB+/A2+ ratings to the bank facilities of Ind Swift LaboratoriesLimited; assigns Stable outlook

March 29, 2010 ICRA reaffirms LBBB+ (SO) rating for the bank facilities of Kiran Flour Mills IndustriesPrivate Limited; assigns Stable outlook

March 29, 2010 ICRA revises the ratings for the bank facilities of Sona Somic Lemforder ComponentsLimited

March 29, 2010 ICRA assigns LB+ and A4 ratings to the bank facilities of GSR Textiles Private Limited

March 29, 2010 ICRA assigns LBB+(stable)/A4+ ratings to bank lines of Sam Overseas(Partnershipfirm)

March 27, 2010 ICRA reaffirms LAA- and A1+ ratings to the various debt programmes ofCholamandalam DBS Finance Limited; outlook on long term rating revised to ‘stable’from ‘negative’

March 27, 2010 ICRA assigns LBB rating to the bank facilities of Shree Shivsagar Sugar & AgroProducts Limited; assigns stable outlook

March 27, 2010 ICRA assigns LBB+ to the bank lines of Celerity Power Private Limited with positiveoutlook

March 27, 2010 ICRA reaffirms LBBB and A3+ rating assigned to bank facilities of KSH InternationalPrivate Limited; assigns stable outlook

March 27, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Raghav Steels; assigns stableoutlook

March 27, 2010 ICRA assigns LBB rating to the bank facilities of JKS Construction Private Limited

March 27, 2010 ICRA assigns LB+ and A4 ratings to bank facilities of Airolam Limited

March 27, 2010 ICRA assigns LC/A5 ratings for bank facilities of Tradeline Enterprises Private Limited

March 27, 2010 ICRA reaffirms A4+ ratings to bank lines of GTI Jewellery India Private Limited

March 27, 2010 ICRA assigns LBB rating to the bank line of M/s Haresh Agencies

March 27, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Rukmini Polytubes Private Limited

March 27, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Nair Coal Services Limited

March 27, 2010 ICRA reaffirms LBBB+/A2 ratings to the bank facilities of Mahalakshmi InfraprojectsLimited (earlier named as Mahalaxmi Construction Corporation Limited); assigns stableoutlook; rated amount enhanced

March 27, 2010 ICRA withdraws rating assigned to the Purchaser Payouts under ABS programme ofCholamandalam DBS Finance Limited

March 27, 2010 ICRA withdraws rating assigned to the PTC Series B issued by Indian LoanSecuritisation Series 9 Trust 2008


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Securitisation Series 9 Trust 2008

March 27, 2010 ICRA assigns A1+ (SO) to bank facilities of McCain Foods (India) Private Limited

March 26, 2010 ICRA reaffirms LBBB and A3+ ratings for bank facilities of Shyama Power (India)Limited, rated amount enhanced

March 26, 2010 ICRA revises the ratings for the bank facilities of ABI Showatech (India) Limited

March 26, 2010 ICRA assigns LBBB+ (Stable) rating to the bank facilities of Adisankara Spinning MillsPrivate Limited

March 26, 2010 ICRA assigns LBBB-/A3 ratings to bank lines of Ayyappa Infra Projects Private Limited

March 26, 2010 ICRA assigns LBB rating to bank facilities of Balkrishna Textiles Private Limited

March 26, 2010 ICRA Assigns LBBB and A2 ratings to bank facilities of Brintons Carpets Asia PrivateLimited

March 26, 2010 ICRA reaffirms LBBB- and A3 rating to the term loan and bank facilities of InternationalSeaports Haldia Private Limited; assigns stable outlook

March 26, 2010 ICRA re-affirms its long-term rating of LA- on LAP Ross Engineering Limited andrevises its short-term rating to A1 from A2+

March 26, 2010 ICRA revises the ratings for the bank facilities of Light Alloy Products Limited

March 26, 2010 ICRA assigns LB and A4 ratings to bank facilities of Phthalo Colours and Chemicals (I)Limited

March 26, 2010 ICRA assigns LBBB+ (Stable) rating to the bank facilities of Prabhu Spinning MillsPrivate Limited

March 26, 2010 ICRA Revises the rating of Reliance Securities Limited from A1+ (SO) to A1+

March 26, 2010 ICRA assigns an LBB+/A4+ rating to the working capital facilities of Rex-ToneIndustries Limited

March 26, 2010 ICRA assigns A4 rating to the bank lines of Seeds & Grains India Private Limited

March 26, 2010 ICRA re-affirms LAA-(SO) rating outstanding for Sistema Shyam Teleservices Limited’s(erstwhile Shyam Telelink Limited) term loan programme

March 26, 2010 ICRA assigns LBBB+ (Stable) rating to the bank facilities of Sivaraj Spinning MillsPrivate Limited

March 26, 2010 ICRA assigns Stable outlook on the LBBB- rating of bank facilities of SKM AnimalFeeds and Foods (India) Limited; re-affirms A3 ratings to the short term bank facilities

March 26, 2010 ICRA assigns A4 rating to the bank facilities of Sonal Gems

March 26, 2010 ICRA assigns LBBB+ (Stable) rating to the bank facilities of Sri Matha Spinning MillsPrivate Limited

March 26, 2010 ICRA assigns LBBB+ (Stable) / A2+ ratings to the bank facilities of Sri ShanmugavelMills Private Limited

March 26, 2010 ICRA assigns LBBB+ (Stable) rating to the bank facilities of Sri VelayudhaswamySpinning Mills Private Limited

March 26, 2010 ICRA assigns LBBB+ (Stable) / A2+ ratings to the bank facilities of Sudhan SpinningMills Private Limited

March 26, 2010 ICRA re-affirms A3 rating to the bank lines of Transglobal Securities Limited

March 26, 2010 ICRA assigns LBBB+ (Stable) rating to the bank facilities of Vedha Spinning MillsPrivate Limited

March 26, 2010 ICRA reaffirms the A1+ rating for bank facilities of Turbo Energy Limited; withdraws theLAA- rating

March 26, 2010 ICRA assigns LB+ and A4 ratings to bank facilities of Rana Sponge Limited

March 26, 2010 ICRA assigns LBB rating to term loan of Shri Govind Realty Private Limited; assignsstable outlook

March 26, 2010 ICRA reaffirms LBB+ rating to bank limits of Alcon Resort Holdings Limited

March 26, 2010 ICRA assigns the highest credit quality rating to Barclays Investments & Loans (India)Ltd’s enhanced short term debt programme

March 26, 2010 ICRA assigns LBB/A4 (Stable) ratings to the bank facilities of Asia Woven SacksPrivate Limited

March 26, 2010 ICRA reaffirms LBBB- and A3 ratings to bank facilities of Kenersys India PrivateLimited; assigns stable outlook

March 26, 2010 ICRA assigns LBB- rating to bank facilities of H. R. Charitable Trust – GSS Institute ofTechnology; assigns stable outlook

March 26, 2010 ICRA assigns LB + rating to the bank facilities of The Community Centre

March 26, 2010 ICRA assigns LBBB-/A3 ratings to the bank facilities of Gini Tex Private Limited

March 26, 2010 ICRA assigns the rating LAAA(SO) with negative outlook to long term bank lines of ALDAutomotive Private Limited

March 25, 2010 ICRA assigns LBBB (Stable outlook) and A2 ratings to the bank facilities of MirajProducts Private Limited

March 25, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Anglo-French Drugs &Industries Limited

March 25, 2010 ICRA assigns LA+ rating to bank facilities of STUP Consultants Private Limited

March 25, 2010 ICRA reaffirms the A1 rating for bank facilities of Venus Jewel, rated amount enhanced

March 25, 2010 ICRA revises the ratings for bank line facilities of Ramkrishna Forgings Limited

March 25, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Oswal Arts Private Limited;


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March 25, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Oswal Arts Private Limited;assigns stable outlook

March 25, 2010 ICRA assigns LB+ rating to bank facilities of Oswal Traders and Travels Private Limited

March 25, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Venus Cotsyn (India) Limited

March 25, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Bling Telecom Private Limited:assigns stable outlook

March 25, 2010 ICRA assigns LBB/A4 ratings for bank facilities of Veejay Syntex Pvt Ltd

March 25, 2010 ICRA assigns LBBB- and A3 ratings to the bank facilities of Brijbasi Art Press Limited;assigns stable outlook

March 25, 2010 ICRA downgrades the rating assigned to the bank facilities of Hari Infrastructure PrivateLimited (HIPL)

March 25, 2010 ICRA revises the rating for bank facilities of Nagar Kopargaon Infrastructure PrivateLimited from LB+ to LB-

March 25, 2010 ICRA revises the rating for bank facilities of Ram Infrastructure Limited from LB+ to LB-

March 25, 2010 ICRA revises the rating for bank facilities of Pranjal Infrastructure Private Limited fromLB+ to LB-

March 25, 2010 ICRA assigns LA+ and A1+ ratings to bank facilities of Jayshree Tea & IndustriesLimited

March 25, 2010 ICRA assigns LBBB (Stable) and A3+ ratings to enhanced bank facilities of PiramalGlass Limited

March 25, 2010 ICRA revises downwards the long-term rating of SAL Steel Ltd to LB from LBB;reaffirms the short-term rating of A4

March 25, 2010 ICRA assigns A1+ rating to Karvy Stock Broking Limited’s Short Term Debt programme

March 25, 2010 ICRA assigns LB+ rating to the bank facilities of Shree Venkatesh Multiservices PrivateLimited

March 25, 2010 ICRA assigns LBB+ rating to the bank facilities of Flora Marmo Industries PrivateLimited

March 25, 2010 ICRA re-affirms A4+ rating to the bank lines of B. Vijaykumar & Co

March 25, 2010 ICRA withdraws rating assigned to the Fixed Deposit Programme of Bata India Limited

March 23, 2010 ICRA assigns A1+ rating to the commercial paper programme of Aptech Limited

March 23, 2010 ICRA assigns LBBB and A2 ratings to bank lines of Adani Gas Limited

March 23, 2010 ICRA reaffirms LBBB- (Stable)/ A3 ratings to the bank facilities of Balmukund Sponge &Iron Limited

March 23, 2010 ICRA assigns LBB/A4 rating to the bank lines of Chakradhar Chemicals Pvt Ltd

March 23, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Krishna Traders

March 23, 2010 ICRA assigns LBB (Stable outlook) and A4 ratings to the bank facilities of MohanMeakin Limited

March 23, 2010 ICRA reaffirms the A4 rating for bank facilities of Gem Star Company Private Limited,rated amount enhanced

March 22, 2010 Several challenges remain for private sector IPPs, despite a positive demand outlook

March 22, 2010 ICRA revises the long term ratings for bank facilities of JCT Limited, rated amountenhanced

March 22, 2010 ICRA assigns LBB and A4 ratings to bank facilities of N. K. Proteins Limited

March 22, 2010 ICRA reaffirms LBBB rating to term loan of Navayuga Bengalooru Tollways PrivateLimited; assigns stable outlook

March 22, 2010 ICRA assigns LBBB- (stable) rating to bank facilities of Pantaloon Industries Limited

March 22, 2010 ICRA assigns rating to enhanced bank facilities of Tata Metaliks Kubota Pipes Ltd;revises earlier rating

March 22, 2010 ICRA assigns LBBB- (stable) rating to bank facilities of PFH Entertainment Limited

March 22, 2010 ICRA reaffirms the A2+ rating for CP / Short term debt programme of Liberty ShoesLimited

March 22, 2010 ICRA assigns conditional A1(SO) rating to payouts backed by a micro-finance loan pooloriginated by Grama Vidiyal Microfinance Limited (GVMFL) - GVMFL MicrofinanceLoan Pool Direct Assignment –March 2010 II

March 22, 2010 ICRA assigns conditional A1(SO) rating to payouts backed by a micro-finance loan pooloriginated by Grama Vidiyal Microfinance Limited (GVMFL) - GVMFL MicrofinanceLoan Pool Direct Assignment –March 2010

March 22, 2010 ICRA assigns LBB+ and A4+ ratings to bank lines of GCL India Private Limited; assignsstable outlook

March 22, 2010 ICRA assigns LBB+/A4+ ratings for bank facilities of Maestro Fashions

March 22, 2010 ICRA assigns LB rating to the bank facilities of Regent Beers and Wines Limited

March 22, 2010 ICRA assigns LBB(stable) and A4 rating to the bank lines of D R Exports International

March 22, 2010 ICRA assigns LB+/A4 ratings to the bank lines of Siti energy Limited

March 20, 2010 ICRA assigns LBB and A4 rating to the bank lines of Swagat Synthetic Private Limited

March 20, 2010 ICRA revises the rating for bank facilities of Gem Star Company, rated amountenhanced

March 20, 2010 ICRA assigns LBBB/ A2 rating to bank facilities of RT Outsourcing Services Limited;assigns stable outlook


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March 20, 2010 ICRA assigns an LBBB+ (Stable) and A2+ rating to the bank facilities of KAEFER PunjLloyd Limited

March 20, 2010 ICRA assigns A4 rating to bank facilities of GS Developers and Contractors PrivateLimited

March 20, 2010 ICRA upgrades the rating of the fund based limits/ Long term debt programme ofDwarikesh Sugar Industries Limited to LBBB with stable outlook

March 20, 2010 ICRA upgrades long term ratings of Global Trade Finance Limited; transfers ratings ofSBI Factors to GTF following the merger

March 20, 2010 ICRA assigns LBBB-/ A3 ratings to the bank facilities of Bill Forge Private Limited

March 20, 2010 ICRA reaffirms LBB-/A4 ratings to the bank lines of Bansal Precision Forge Limited

March 20, 2010 ICRA reaffirms LBB and A4 ratings to the bank limits of Rashi Granite Exports IndiaPrivate Limited

March 20, 2010 ICRA assigns LBBB-/A3 ratings to the bank facilities of Raaja Magnetics Limited

March 20, 2010 ICRA assigns LBB rating to the bank facilities of Neogal Power Company PrivateLimited

March 20, 2010 ICRA assigns LBB rating to the bank facilities of Luni Power Company Private Limited

March 20, 2010 ICRA reaffirms the LA-(SO) rating for bank facilities of Sri Harini Textiles Limited;revises the short-term rating from A2+(SO) to A1(SO)

March 20, 2010 ICRA upgrades the short term rating and reaffirms the long term rating of RamcoIndustries Limited

March 20, 2010 ICRA assigns A4 rating to bank facilities of GSP International

March 20, 2010 Withdrawal of ICRA rating of LAA+ for Rs.1,000 million long term loans, A1+ for Rs.750 million short term loans and Rs. 250 million non-convertible debenture programmeof Exide Industries Limited

March 20, 2010 ICRA withdraws the rating assigned to the Non-Convertible Debenture Programme ofOCL Iron and Steel Limited

March 19, 2010 ICRA assigns LBBB (Stable) rating to bank facilities of GF Toll Road Private Limited(GFTRPL)

March 19, 2010 ICRA assigns LBB+ rating to bank facilities of Abir Infrastructure Private Limited;assigns stable outlook

March 19, 2010 ICRA assigns LBB+ rating to the bank facilities of Bengal Shrachi Housing DevelopmentLimited

March 19, 2010 ICRA assigns LAA rating with stable outlook to the various debt programmes of KotakMahindra Prime Limited

March 19, 2010 ICRA reaffirms LBBB- and A3 ratings to bank facilities of La Gajjar Machineries PrivateLimited; assigns stable outlook

March 19, 2010 ICRA assigns LBB-/A4 ratings to the bank lines of Laxmi Solvex

March 19, 2010 ICRA assigns A4 rating to bank facilities of Marwar Carpets International

March 19, 2010 ICRA assigns LBB / A4 ratings to the bank facilities of Raju Spinning Mills PrivateLimited

March 19, 2010 ICRA revises LBB+ ratings to LB+ for bank facilities of Sri Anjaneya Agrotech PrivateLimited

March 19, 2010 ICRA assigns LBBB- rating to the bank facilities of Vishwanath Sugars Limited

March 18, 2010 ICRA withdraws ratings assigned to the PTCs under Loan Securitisation programmes ofJM Financial Products Private Limited

March 18, 2010 ICRA assigns LBBB-/A3 rating to the bank facilities of Cosmas Pharmacls Limited

March 18, 2010 ICRA assigns A4+ rating to the enhanced short term bank lines of Shilpa Stock BrokersPrivate Limited; reaffirms LBB+ rating on long term bank lines

March 18, 2010 ICRA assigns LBB rating to bank facilities of Magneti Marelli SKH Exhaust SystemsPrivate Limited

March 18, 2010 ICRA assigns LBB- (stable) and A4 ratings to bank facilities of Fashion Global RetailLimited

March 18, 2010 ICRA reaffirms the A2 rating for bank facilities of K P Sanghvi & Sons

March 18, 2010 ICRA assigns LBB rating to the bank facilities of Sunalco Alloys Private Limited

March 18, 2010 ICRA reaffirms the LBBB+ rating for bank facilities of Kurlon Limited

March 18, 2010 ICRA assigns LBB+ rating to bank facilities of Wave Hospitality Private Limited

March 18, 2010 ICRA assigns an A4 rating to the bank facilities of Mahesh Agri Exim Private Limited

March 18, 2010 ICRA assigns LBB- rating to the bank facilities of Alliance Palms Developers andConstructions Private Limited; assigns stable outlook

March 18, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Neva Garments Limited

March 18, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Jagannath Sponge PrivateLimited

March 18, 2010 ICRA assigns LBBB-/A3 ratings to the bank facilities of United Telecoms Limited

March 17, 2010 ICRA upgrades the long term rating for bank facilities of Bata India Limited, reaffirmsshort term rating

March 17, 2010 ICRA assigns LBB rating to the term loan programme of Coastal Energen PrivateLimited


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Limited

March 17, 2010 ICRA reaffirms LA- and A2+ ratings for bank facilities of ECE Industries Limited

March 17, 2010 ICRA assigns A4 rating to the bank facilities of Enfield Gems & Jewellery Limited

March 17, 2010 ICRA assigns highest credit quality rating to Export-Import Bank of India’s Long Termdebt programme

March 17, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Gokak Textiles Limited

March 17, 2010 ICRA reaffirms LBBB (Stable)/ A2 ratings to the bank facilities of Hitesh Plastics PrivateLimited

March 17, 2010 ICRA revises the ratings assigned to bank limits of Indu Projects Limited

March 17, 2010 ICRA assigns LA and A1 ratings to bank facilities of Jocil Limited

March 17, 2010 ICRA assigns LB+ and A4 ratings to bank facilities of K.P.Garments Private Limited

March 17, 2010 ICRA revises the rating of bank facilities of Khimji Visram & Sons (CommissionDepartment) to A3.

March 17, 2010 ICRA assigns LBBB- rating to the bank limits of P.D. Agarwal Infrastructure Limited

March 17, 2010 ICRA downgrades ratings assigned to the bank facilities of Permanent Magnets Limited;assigns Stable outlook

March 17, 2010 ICRA reaffirms LBB+ rating to the bank limits of Pipavav Railway Corporation Limited

March 17, 2010 ICRA assigns LBBB rating to the term loan facilities of Seven Island Shipping Limited

March 17, 2010 ICRA reaffirms LBBB+ (Stable)/ A2+ ratings to the bank facilities of Sunrise ContainersLimited

March 16, 2010 ICRA reaffirms LBBB and A2 ratings assigned to the bank limits of Arkay Energy(Rameswaram) Limited

March 16, 2010 ICRA reaffirms the rating assigned to the long term loans of Dharamshala Hydro PowerLimited (DHPL)

March 16, 2010 ICRA assigns A1+ rating to short term debt/ commercial paper programme of Dr.Reddy’s Laboratories Limited

March 16, 2010 ICRA revises rating to the bank limits of Ind Bharath Energies (Maharashtra) LimitedLimited from LBBB- to LB

March 16, 2010 ICRA revises rating to the bank limits of Ind Bharath Energies (Thoothukkudi) Limitedfrom LBBB- to LB

March 16, 2010 ICRA reaffirms the rating assigned to the bank lines of long term loans of Ind BharathEnergies Limited (IBEL).

March 16, 2010 ICRA revises the rating assigned to the long term loans of NATL Power Limited (NATL)

March 16, 2010 ICRA assigns ratings to bank facilities of Rajshri Packagers Limited

March 16, 2010 ICRA reaffirms A1+ (SO) rating for the enhanced bank facilities of Sudhir PowerProjects Private Limited

March 16, 2010 ICRA assigns LAA- rating with positive outlook to the Rs. 5 billion (enhanced from Rs.4.50 billion) Upper Tier II bonds of UCO Bank

March 16, 2010 ICRA reaffirms LBBB- rating assigned to the bank limits of Raghu Rama RenewableEnergy Limited

March 16, 2010 ICRA assigns LBB+ rating to the bank facilities of Premier Car Sales Limited

March 15, 2010 ICRA reaffirms A1+ rating for bank facilities of Zodiac Clothing Company Limited;assigns A1+ rating to its commercial paper programme

March 15, 2010 ICRA assigns LBB rating to the bank facilities of Blue Bird Arts Manufacturing PrivateLimited

March 15, 2010 ICRA assigns mfAAA(SO) to ICICI prudential Capital Protection Oriented Fund – SeriesI to V

March 15, 2010 ICRA assigns LBBB+ and A2+ ratings to bank facilities of Kenzo International

March 15, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Okaya Power Limited

March 15, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Richa & Co.; assigns stableoutlook

March 15, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Richa Global Exports PrivateLimited; assigns stable outlook

March 15, 2010 ICRA revises the long term rating for bank facilities of Garg Acrylics Limited andassigns A3 rating to bank facilities of Garg Acrylics Limited; assigns stable outlook

March 15, 2010 ICRA reaffirms the LBB+ rating for bank facilities of Garg Furnace Limited and assignsA4+ rating to bank facilities of Garg Furnace Limited; assigns stable outlook

March 15, 2010 ICRA assigns LB-/A4 rating to bank limits of Bhurji Supertek Industries Limited.

March 15, 2010 ICRA assigns A1 rating to Angel Global Capital Private Limited’s Short Term Debtprogramme

March 15, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of India Exposition Mart Limited

March 15, 2010 ICRA revises the ratings for bank facilities of Pricol Limited to LBBB-/A3, rated amountenhanced; stable outlook assigned

March 15, 2010 ICRA has reaffirmed A1+ rating for the enhanced Rs. 5 billion Commercial Paper (CP)/Short-Term Debt (STD) Programme of HCL Infosystems Limited (HCL)

March 15, 2010 ICRA assigns mfA1+ rating to Edelweiss Short Term Bond Fund

March 15, 2010 ICRA assigns LBB-/A4 ratings to the bank facilities of SPR Group Holdings PrivateLimited


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Limited

March 15, 2010 ICRA assigns LBB- rating to the bank facilities of Chamundi Distilleries Private Limited

March 15, 2010 ICRA reaffirms LA - and A1 ratings to the bank lines of Saraswati Sugar Mills Limited(SSML)

March 15, 2010 ICRA upgrades the long-term of rating to LAA- from LA+ and reaffirms its A1+short-term rating assigned to Saraswati Industrial Syndicate Limited (SISL)

March 12, 2010 ICRA assigns LBB+/A4+ ratings to the bank facilities of Prerana Motors Private Limited

March 12, 2010 ICRA assigns LB+ rating to the term loans of Saraf Agencies Private Limited

March 12, 2010 ICRA assigns A1+ rating to Canara Bank’s Rs. 350 billion enhanced (from Rs. 300billion) certificate of deposit programme

March 12, 2010 ICRA assigns LBBB-/A3 ratings to the bank facilities of Vinir Engineering PrivateLimited

March 12, 2010 ICRA reaffirms ratings assigned to senior PTCs under MBS programme of SundaramBNP Paribas Home Finance Limited

March 12, 2010 ICRA assigns LBBB- rating to the enhanced bank facilities of Capricorn Food ProductsIndia Limited

March 12, 2010 ICRA assigns conditional A1+(SO) rating to payouts backed by a micro-finance loanpool originated by SKS Microfinance Limited SKS Microfinance Loan Pool DirectAssignment – February 2010

March 12, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Singhi Cables & ConductorsPrivate Limited

March 11, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Win-Power Marketing PrivateLimited

March 11, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Win-Power Marketing PrivateLimited

March 11, 2010 ICRA reaffirms the LBB+ rating for the bank facilities of Rathi Special Steels Limited;assigns stable outlook

March 11, 2010 ICRA assigns LB/A4 ratings to the bank facilities of C.K. Infrastructures Limited

March 11, 2010 ICRA reaffirms LBBB and A3+ ratings assigned to the bank limits of HPL SocomecPrivate Limited

March 11, 2010 ICRA reaffirms LBB+ and A4+ rating for the enhanced working capital facilities of AuroGold Jewellery Private Limited; assings stable outlook to long term rating

March 11, 2010 ICRA assigns LBBB rating to the Rs. 50 million fund based limits & Rs. 300 millionnon-fund based limits of Keltech Energies Limited

March 11, 2010 ICRA upgrades rating assigned to bank facilities of Madhucon Projects Limited from LAto LA+; also assign short term rating of A1 for its CP/STD programme

March 11, 2010 ICRA reaffirms rating assigned to senior PTCs under MBS programme of CanfinHomes Limited

March 11, 2010 ICRA assigns LBB/A4 ratings to the bank lines of Acropetal Technologies Limited

March 11, 2010 ICRA assigns LB rating to bank facilities of Aptus Biosciences Private Limited

March 11, 2010 ICRA assigns LBBB+ and A2 ratings to bank lines of Bhaskar Prakashan PrivateLimited

March 11, 2010 ICRA assigns LBBB+ and A2 ratings to bank lines of Bhaskar Prakashan PrivateLimited

March 11, 2010 ICRA upgrades the ratings of bank facilities of Vetnex Animal Health Limited toLAA/A1+; assigns Stable outlook

March 10, 2010 ICRA assigns LBB/ A4 ratings to the bank limits of Wellcome Fisheries Limited

March 10, 2010 ICRA reaffirms the LAA and A1+ ratings for bank facilities and commercial paper ofCMC Limited; assigns stable outlook

March 10, 2010 ICRA assigns LBB (stable) / A4 ratings to the bank facilities of Shri T.P.Textiles PrivateLimited

March 10, 2010 ICRA reaffirms LBBB rating of the bank facilities of Sahyadri Starch & IndustriesPrivate Limited; assigns stable outlook

March 10, 2010 ICRA assigns LB/A4 ratings to the bank facilities of Bajaj Kagaj Limited

March 10, 2010 ICRA reaffirms the LBB+ and A4+ ratings for bank facilities of Zenith Exports Limited

March 10, 2010 ICRA reaffirms the LBBB and A3+ ratings for bank facilities of Gora Mal Hari RamLimited

March 10, 2010 ICRA assigns LBB+ rating to the bank facilities of Dixcy Textiles Private Limited

March 10, 2010 ICRA reaffirms LBB+ and A4+ ratings of bank facilities of Expanded Polymer SystemsPrivate Limited, rated amount enhanced

March 10, 2010 ICRA assigns LB and A4 rating to the working capital facilities of Prateek ApparelsPrivate Limited

March 10, 2010 ICRA assigns LBB (Stable) rating to the bank facilities of Forum Infrastructure Pvt.Limited

March 10, 2010 ICRA assigns LBB (Stable) rating to the bank facilities of Forum Riviera ConstructionPvt. Limited

March 10, 2010 ICRA assigns LBB- (negative) rating to the term loans of Heilgers Development andConstruction Company Private Limited

March 10, 2010 ICRA assigns LBB+ (stable) rating to the bank facilities of Forum Shopping Mall Pvt.


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March 10, 2010 ICRA assigns LBB+ (stable) rating to the bank facilities of Forum Shopping Mall Pvt.Limited

March 10, 2010 ICRA assigns LBB+(stable) rating to the term loans of Forum Project Holdings PrivateLimited.

March 10, 2010 ICRA assigns LBB+(stable) rating to the term loans of Forum Project Holdings PrivateLimited.

March 10, 2010 ICRA assigns LBB/A4 rating to the bank lines of Bohra Industries Limited

March 10, 2010 ICRA assigns A4 ratings for bank facilities of Mydeen Timbers

March 10, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Balprada Hotels and HospitalityServices Private Limited; assigns stable outlook

March 10, 2010 ICRA assigns LBB and A4 ratings to bank facilities of JMD Limited; assigns stableoutlook

March 10, 2010 ICRA assigns LBB+ rating to the bank facilities of Kanishk Gold Private Limited

March 10, 2010 ICRA revises upwards the ratings of Jayaswal Neco Industries Limited

March 10, 2010 ICRA assigns LBB- and A4 ratings to the bank limits of Shree Swastic SalesCorporation Private Limited

March 10, 2010 ICRA assigns LBBB+(SO) rating for the bank facilities of GMR Projects Private Limited;withdraws earlier rating of LBBB

March 9, 2010 ICRA Release an Update on the Performance of MBS Pools

March 9, 2010 ICRA assigns LB+ rating to Bank Limits of Soham Mannapitlu Power Private Limited

March 9, 2010 ICRA assigns LBB+/A4+ ratings to Bank Limits of Ambuthirtha Power Private Limited

March 9, 2010 ICRA reaffirms A1+ rating for bank limits of Shree Renuka Sugars for enhancedamount, rating continues to be on watch with negative implications.

March 9, 2010 ICRA assigns LAA to the Perpetual Bonds Programme of IDBI Bank

March 9, 2010 ICRA re-affirms A1+ rating for ShareKhan Limited’s Short Term Debt programme

March 9, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Jindal Texofab Limited; assignsstable outlook

March 9, 2010 ICRA withdraws ratings assigned to Purchaser Payouts backed by loan pool originatedby Sundaram Finance Limited

March 8, 2010 ICRA assigns LBB+ (stable) and A4+ ratings to bank facilities of IDT Clothing PrivateLimited

March 8, 2010 ICRA reaffirms the LBBB rating for bank facilities of Flowmore Limited

March 8, 2010 ICRA has assigned an IPO Grade 2 to the proposed IPO of Goenka Diamond & JewelsLimited

March 8, 2010 ICRA assign LBB+ (Stable) rating to the bank facilities of Bharat Motors limited

March 8, 2010 ICRA revises ratings assigned to the bank lines of Transpek Industry Limited

March 8, 2010 ICRA reaffirms LA / A1+ ratings to the bank lines of Reliance Power Limited, ratedamount enhanced

March 8, 2010 ICRA reaffirms the LA and A1 ratings assigned for bank facilities of SudarshanChemicals Industries Limited, rated amount enhanced

March 6, 2010 ICRA reaffirms LAAA rating to the outstanding subordinated bonds programme, MAAArating to the Fixed Deposits programme and A1+ rating to the Certificates of DepositsProgramme of Punjab National Bank

March 6, 2010 ICRA assigns LA-(SO) ratings to the bank lines of Siva Compulink Limited

March 6, 2010 ICRA assigns A2 rating to the bank facilities of United Tele Links (Bangalore) Limited

March 6, 2010 ICRA reaffirms LBB+ / A4+ ratings to bank lines of Gupta Equities Private Limited

March 6, 2010 ICRA assigns LBBB and A2 ratings to bank facilities of Forech India Limited

March 6, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of McML Systems Private Limited;assigns stable outlook

March 6, 2010 ICRA places ratings of Essar Telecom Infrastructure Private Limited (ETIPL) on RatingWatch with Positive Implications

March 6, 2010 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of Electromech MaterialHandling Systems (India) Private Limited; assigns stable outlook

March 6, 2010 ICRA assigns LBB+ (stable) and A4+ ratings to bank facilities of Donear IndustriesLimited

March 6, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Unimed Healthcare PrivateLimited: assigns stable outlook

March 6, 2010 ICRA assign LBBB-/A3 ratings to enhanced bank lines of Dimensional SecuritiesPrivate Limited

March 5, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Ganpati Petrochemicals;assigns stable outlook

March 5, 2010 ICRA assigns an LBB rating to the bank facilities of Viraj Projects (India) Private Limited(VPL); assigns stable outlook

March 5, 2010 ICRA assigns highest credit quality rating to the long term borrowing programme ofPower Finance Corporation Limited; re-affirms the ratings assigned earlier

March 5, 2010 ICRA upgrades the ratings for bank facilities of Empire Industries Limited

March 5, 2010 ICRA assigns A2+ rating to the bank facilities of Sutures India Private Limited

March 5, 2010 ICRA reaffirms the Issuer Rating IrA-, the LA- rating for the NCD program and the


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March 5, 2010 ICRA reaffirms the Issuer Rating IrA-, the LA- rating for the NCD program and theLA-(SO) rating for bank facilities of Siva Ventures Limited; assigns stable outlook

March 5, 2010 ICRA reaffirms the Issuer Rating IrA-, and the LA- rating for the NCD program of SivaIndustries and Holdings Limited (erstwhile Sterling Infotech Limited); assigns stableoutlook

March 5, 2010 ICRA upgrades the short term rating assigned to the bank facilities of Indian FurnitureProducts Limited; re-affirms long term rating at LA+(SO) with a stable outlook

March 5, 2010 ICRA upgrades the short term rating assigned to the bank limits of Simon India Limitedto A1+ (SO); reaffirms long term rating at LA+; assigns stable outlook

March 5, 2010 ICRA assigns LBB(Stable) rating to the bank lines of International Loha Bhandar PrivateLimited

March 5, 2010 ICRA re-affirms LA-/A1 ratings to bank facilities of The Andhra Sugars Limited

March 5, 2010 ICRA reaffirms the LAA+ (stable outlook) / A1+ rating for Barclays Investments & Loans(India) Ltd’s debt programme

March 5, 2010 ICRA Withdraws Ratings Assigned To the Bank Facilities of D.S. Alloys Private Limited

March 5, 2010 ICRA revises the ratings for the bank limits of Anand Nishikawa Company Limited

March 4, 2010 ICRA assigns highest credit quality rating to Reliance Home Finance Private Limited’sshort term debt programme

March 4, 2010 ICRA assigns conditional ratings to the Pass Through Certificates under loansecuritisation programme of Kotak Mahindra Prime Limited

March 4, 2010 ICRA re-affirms LBBB/A3+ ratings to bank facilities of Premier Explosives Limited;assigns positive outlook

March 4, 2010 ICRA assigns a LB+ rating to the bank facilities of Kashmir Apiaries Exports

March 4, 2010 ICRA reaffirms the LA- rating for bank facilities of Sundaram Brake Linings Limited;revises the short-term rating from A2+ to A1

March 4, 2010 ICRA revises the ratings for bank facilities of Jagatjit Industries Limited, assignsnegative outlook; ICRA reaffirms MA- rating to the fixed deposit programme

March 4, 2010 ICRA assigns LBBB- and A3 ratings to the bank facilities of Alupro Building SystemsPrivate Limited

March 4, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Dwarkadhis Projects PrivateLimited

March 3, 2010 ICRA assigns A4 rating to the bank facilities of P.P. Products Private Limited

March 3, 2010 ICRA assigns LBB- and A4 ratings to the bank facilities of Kamdhenu Polymers PrivateLimited

March 3, 2010 ICRA assigns A4 rating to the bank facilities of Tarajyot Polymers Limited

March 3, 2010 ICRA assigns LBB+/Stable rating to the bank facilities of Devgiri Exports

March 3, 2010 ICRA assigns LBB+/Stable rating to the bank facilities of ABC Industries

March 3, 2010 ICRA assigns LBBB rating to the bank facilities of Kilburn Engineering Limited

March 3, 2010 ICRA reaffirms the LA-/A1 ratings for Optionally Convertible Debentures and enhancedbank facilities of L G Balakrishnan & Bros Limited; stable outlook assigned

March 3, 2010 ICRA assigns LAA+(stable) ratings with stable outlook to the Rs 2 billion subordinateddebt programme and Rs 3.50 billion Non convertible debenture programme of Bajaj AutoFinance Limited reaffirms ratings assigned earlier, assigns stable outlook

March 3, 2010 ICRA reaffirms LA/ A1 rating for bank facilities of Super Religare Laboratories Limited;assigns stable outlook

March 3, 2010 ICRA reaffirms the A4+ rating for bank facilities of Gem Manufacturing India PrivateLimited

March 3, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Spark Electrodes Private Limited

March 3, 2010 ICRA assigns an LA+ (Stable) rating to the enhanced bank limits of ABP PrivateLimited; reaffirms bank line ratings

March 3, 2010 ICRA assigns issuer rating at IrA and long term rating at LA on proposed bond issue ofWest Bengal State Electricity Transmission Company Limited

March 3, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of SRS Limited

March 3, 2010 ICRA withdraws ‘LA-’ rating assigned to the long term debt programme of KarvyConsultants Ltd

March 3, 2010 ICRA withdraws ‘LA-’ rating assigned to the long term debt programme of Karvy StockBroking Ltd

March 2, 2010 ICRA reaffirms the A3 rating for bank facilities of Keshri Export

March 2, 2010 ICRA assigns LBBB- rating to bank lines of Punjab Retail Private Limited

March 2, 2010 ICRA assigns LBBB- and A3 ratings to the bank facilities of Octamec EngineeringLimited

March 2, 2010 ICRA assigns LBB- rating to the fund based limits and A4 rating to the non fund basedlimits of Rajasthan Cables & Conductors Private Limited

March 2, 2010 ICRA assigns LBB (stable)/A4 ratings to the bank facilities of Sri Jayarama AutomotivesPrivate Limited

March 2, 2010 ICRA revises the rating for bank facilities of JKM Infra Projects Private Limited

March 2, 2010 ICRA assigns LBBB- and A3 ratings for bank facilities of Karamtara Fasteners PrivateLimited


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March 2, 2010 ICRA assigns LA- rating to the bank limits of Sealion Sparkle Port & Terminal Services(Dahej) Limited

March 2, 2010 ICRA reaffirms LA+/A1 ratings for the bank limits of Ocean Sparkle Limited

March 2, 2010 ICRA reaffirms LA- rating for the bank limits of Sealion Sparkle Maritime ServicesLimited

March 2, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Prabhu Dayal Kanojiya

March 2, 2010 ICRA reaffirms the LBB and A4 ratings for bank facilities of K.S. Commodities PrivateLimited

March 2, 2010 ICRA revises the rating for bank facilities of Sri Venkata Sai Educational Society

March 2, 2010 ICRA assigns LBB+/A4+ ratings to the bank facilities of Mahavir Rolling Mill Limited

March 2, 2010 ICRA revises the ratings assigned to Rubamin Limited’s bank lines

February 26, 2010 ICRA has assigned an IPO Grade 2 to the proposed IPO of Pradip Overseas Limited

February 26, 2010 ICRA assigns LA+ (Stable) & A1+ ratings to Bharat Forge Limited

February 26, 2010 ICRA reaffirms LBBB+ and LBBB ratings for bank facilities of The Dhamra PortCompany Limited, assigns stable outlook on the ratings

February 26, 2010 ICRA takes note of proposed investment by the holding company of Religare SecuritiesLimited

February 26, 2010 ICRA takes note of proposed investment by the holding company of Religare FinvestLimited

February 26, 2010 Banco Products (India) Limited

February 26, 2010 ICRA downgrades RBS Financial Services (India) Private Ltd’s (formerly known as onABN AMRO Securities (India) Private Ltd) long term rating from LAAA (on rating watchnegative implications) to LAA with stable outlook; reaffirms short term ratingT

February 26, 2010 ICRA assigns LBBB- and A3 ratings to bank limits of Emson Tools ManufacturingCorporation Limited; assigns stable outlook

February 26, 2010 ICRA assigns LBBB/A2 ratings to the bank limits of V. B. Medicare Private Limited

February 26, 2010 ICRA assigns LBBB (Stable)/A3+ rating to bank facilities of Astral PharmaceuticalIndustries

February 26, 2010 ICRA assigns LBB+ and A4+ ratings to bank limits of SBEC Projects Private Limited;assigns stable outlook

February 26, 2010 ICRA assigns an A1+ rating for enhanced bank facilities of Oriental Hotel Limited; stableoutlook assigned on the long term and medium term ratings

February 26, 2010 ICRA reaffirms the A3 rating to the bank facilities of Creation Jewellery ManufacturingPrivate Limited

February 26, 2010 ICRA assigns LBBB+ and A2+ ratings to the bank facilities of Neutral Glass & AlliedIndustries Private Limited

February 26, 2010 ICRA assigns LBB and A4 ratings to bank facilities of S. A. Iron and Alloys Limited;assigns stable outlook

February 26, 2010 ICRA assigns high credit quality rating to the enhanced bank lines of IDBI HomeFinance Limited

February 26, 2010 ICRA assigns LBB rating to bank facilities of Innmar Tourism and Hotels Private Limited

February 26, 2010 ICRA withdraws ratings assigned to the PTCs under Loan Securitisation programmes ofAXIS Bank Limited.

February 26, 2010 ICRA withdraws ratings assigned to the PTCs Loan Securitisation programmes ofHongkong and Shanghai Banking Corporation Ltd.

February 26, 2010 ICRA withdraws ratings assigned to the PTCs under Loan Securitisation programmes ofJM Financial Products Pvt. Ltd.

February 26, 2010 ICRA withdraws ratings assigned to the PTCs under Loan Securitisation programmes ofYES Bank Limited

February 26, 2010 ICRA withdraws ratings assigned to Senior PTC Series A1 backed by loans receivablesunder the ABS programme originated by Tata Motors Limited.

February 26, 2010 ICRA withdraws ratings assigned to Purchaser Payouts backed by loans receivablesunder the ABS programme originated by Tata Motors Limited.

February 26, 2010 ICRA assigns LBBB rating with stable outlook to the Rs. 250 million bank limits of BajajCapital Limited

February 25, 2010 ICRA upgrades the short term rating assigned to the bank lines and CP programme ofZuari Industries Limited (ZIL) to A1+; reaffirms long term rating at LA+

February 25, 2010 ICRA reaffirms LBB+ and A4+ ratings for bank facilities of Sunland Metal RecyclingIndustries

February 25, 2010 ICRA assigns high-credit-quality rating to the Lower Tier II bonds, Upper Tier II bondsand IPDI of UCO bank

February 25, 2010 ICRA reaffirms iAAA rating to claims paying ability of SBI Life Insurance CompanyLimited

February 25, 2010 ICRA reaffirms LBB+ ratings for bank facilities of Sunland Alloys

February 25, 2010 ICRA assigns LBBB-/A3 ratings to the bank lines of Ravalgaon Sugar Farm Limited

February 25, 2010 ICRA reaffirms ratings assigned to senior PTCs/ acquirer payouts backed by threemortgage loan pools of Housing Development Finance Corporation Limited (HDFC)

February 25, 2010 ICRA assigns LBB+ to the bank facilities of City Realty & Development Private Limited


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February 25, 2010 ICRA assigns an A4+ rating to Rs. 120.0 million working capital facilities of A. S.Enterprise

February 25, 2010 ICRA re-affirms LBBB and A2 ratings to the enhanced bank facilities of Lipi DataSystems Limited, assigns stable outlook

February 25, 2010 ICRA withdraws ratings assigned to Senior PTC Series A11 backed by loan receivablesassigned by Kotak Mahindra Prime Limited

February 25, 2010 ICRA assigns LBB+ and A4+ ratings to the bank facilities of Kohinoor PlanetConstructions Private Limited

February 25, 2010 ICRA assigns LBB rating to the bank facilities of Kohinoor Hospitals Private Limited

February 25, 2010 ICRA assigns LBB+ and A4+ ratings to the bank facilities of Ahmedabad Strips PrivateLimited

February 25, 2010 ICRA reaffirms the fund based/non fund based limits ratings of Deepak Cables (India)Limited at LBBB+/A2

February 25, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Barflex Polyfilms Pvt. Ltd.

February 25, 2010 ICRA withdraws ratings assigned to the PTCs under ABS programmes of ICICI BankLimited

February 25, 2010 ICRA withdraws ratings assigned to the PTCs under Loan Securitisation programmesoriginated by Kotak Mahindra Bank Limited.

February 25, 2010 ICRA withdraws ratings assigned to the PTCs under Loan Securitisation programmeoriginated by Bank of America.

February 25, 2010 ICRA assigns LB/A4 ratings to the bank facilities of Accelerated Freeze DryingCompany Limited

February 25, 2010 ICRA withdraws ratings assigned to the Non-Convertible Debenture/ Long-Term DebtProgramme and Commercial Paper programme of Indian Metals and Ferro AlloysLimited

February 25, 2010 ICRA withdraws rating assigned to the term-loan Programme of Utkal Coal Limited

February 24, 2010 Indian Two-Wheeler Industry: Back on Growth Path

February 24, 2010 Indian Banking System: Q3/9M FY09-10: Performance Review & Outlook

February 24, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Saru International Private Limited

February 24, 2010 ICRA reaffirms LBB+/A4+ ratings for the bank facilities of Dhanuka LaboratoriesLimited; assigns Stable outlook

February 24, 2010 ICRA assigns A2+ rating to the bank limits of Bioplus Life Sciences Private Limited

February 24, 2010 ICRA assigns LB/A4 ratings for bank facilities of Shri Ramalinga Mills Limited

February 24, 2010 ICRA assigns LB/A4 ratings for bank facilities of Aruppukottai Shri Ramalinga SpinnersPrivate Limited

February 24, 2010 ICRA assigns an LBBB rating to the bank limits of Iskrupa Mall Management CompanyPrivate Limited

February 24, 2010 ICRA assigns LBBB- and A3 ratings to enhanced bank facilities of GeodesicTechniques Private Limited

February 24, 2010 ICRA revises the long term rating for the bank facilities of Afcons Infrastructure Limitedand reaffirms the short term rating, rated amount enhanced

February 24, 2010 ICRA assigns A3 rating to bank facilities of Maharishi Ayurveda Products PrivateLimited

February 24, 2010 ICRA assigns A4+ rating to bank facilities of ABC Leathers

February 24, 2010 ICRA assigns A3 rating to bank facilities of Gaurav International

February 23, 2010 ICRA assigns LBBB-/A3 ratings to the bank facilities of Nikhil Adhesives Limited

February 23, 2010 ICRA puts ratings of KBK Chem Engineering Private Limited on rating watch withnegative implications

February 23, 2010 ICRA assigns LBBB ratings to the bank facilities of Royal Infraconstru Limited

February 23, 2010 ICRA revises the ratings for bank facilities of Shah Brothers Ispat Private Limited

February 23, 2010 Brokerage Houses: Performance Update - Profitability declines in Q3FY10 onsequential quarter basis; nevertheless better than Q3FY09

February 23, 2010 ICRA Assigns IPO Grade 1 to Proposed IPO of Sea TV Network Limited

February 23, 2010 ICRA places ratings of Bharti Airtel on Rating Watch with Negative Implications

February 23, 2010 ICRA assigns negative outlook to Long Term and Medium Term ratings of DeutschePostbank Home Finance Limited

February 23, 2010 ICRA assigns LBBB+ rating to the proposed Non Convertible debenture programme ofShare Microfin Limited

February 23, 2010 ICRA places LA+ and A1+ ratings assigned to the debt programmes of Shree RenukaSugars Limited (SRSL) under rating watch with negative implications

February 23, 2010 ICRA assigns LBB- (stable) rating to bank facilities of Glaze Garments (India) Limited

February 23, 2010 ICRA assigns an LBBB- rating to the bank lines of Ajay Industrial Corporation

February 23, 2010 ICRA revises the ratings for bank facilities of Agro Dutch Industries Limited

February 23, 2010 ICRA upgrades long-term rating of Balrampur Chini Mills Limited from LA+ to LAA-

February 23, 2010 ICRA reaffirms A4+ rating for bank facilities of Choudhary Garments (CG); withdrawsthe long term rating for term loan facility of CG

February 23, 2010 ICRA revises the rating for bank facilities of Gujarat Tea Processors and Packers


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February 23, 2010 ICRA revises the rating for bank facilities of Gujarat Tea Processors and PackersLimited; rated amount enhanced

February 23, 2010 ICRA reaffirms the ratings for bank facilities of Hira Power & Steels Limited

February 22, 2010 ICRA expects nutrient-based subsidy to have positive impact on credit profiles ofcost-efficient DAP/complex fertiliser companies in the long term

February 22, 2010 ICRA assigns LBBB+ (Stable)/A2 rating to the bank facilities of Luxmi Tea CompanyLimited

February 22, 2010 ICRA assigns LBBB (Stable) rating to the bank facilities of ITP Limited

February 22, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Siddharth Colorchem Limited

February 22, 2010 ICRA reaffirms the A1 rating for CP / Short term debt programme of Arch PharmalabsLimited, rated amount enhanced

February 22, 2010 ICRA revises the ratings for bank facilities of United Spirits Limited, rated amountenhanced

February 22, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Sagar Automobiles PrivateLimited

February 22, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Aksh Technologies Limited;assigns stable outlook

February 22, 2010 ICRA assigns LBBB-/A3 ratings to bank facilities of Fives Cail-KCP Limited

February 22, 2010 ICRA assigns A4+ rating to the bank facilities of Bola Raghavendra Kamath & Sons

February 22, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Shirani Automotive PrivateLimited

February 20, 2010 ICRA assigns LBBB- (stable) rating to bank facilities of Notandas and Sons

February 20, 2010 ICRA revises the rating assigned to the bank limits of Tamil Nadu Electricity Board

February 20, 2010 ICRA assigns LBB rating to the bank facilities of Srini Food Park Private Limited

February 20, 2010 ICRA assigns an A4 rating to the bank limits of H Sherul & Company

February 20, 2010 ICRA assigns A4 rating to the bank facilities of Unique Ship Breaking Corporation

February 20, 2010 ICRA’s LAA/A1+ ratings on Mundra Port and Special Economic Zone Limited continueto be on rating watch with developing implications

February 20, 2010 ICRA assigns LBB+ and A4+ ratings to bank lines of Prabhatam Advertising PrivateLimited

February 20, 2010 ICRA retains the Construction Grading of CR2+ assigned to B. E. Billimoria & CompanyLimited

February 20, 2010 ICRA suspends the ratings for bank facilities of Mahatma Education Society

February 19, 2010 ICRA assigns LBB/A4 ratings to the bank facilities of PLR Projects Private Limited

February 19, 2010 ICRA assigns Stable outlook on the LA+ rating of bank line facilities of Redington (India)Limited, reaffirms A1+ ratings to the revised bank facilities

February 19, 2010 ICRA assigns LBBB-/Stable and A3 ratings to bank facilities of Tempsens Instruments(India) Private Limited

February 19, 2010 ICRA upgrades short-term debt/commercial paper programme of DLF Limited

February 19, 2010 ICRA assigns a rating of LBBB- and A3 to the Basel II lines of J.K. Associates

February 19, 2010 ICRA assigns LBB+/A4+ ratings to the bank facilities of Raj Rajendra Textile ExportsLimited

February 19, 2010 ICRA revises the ratings for the bank facilities of Bheema Cements Limited

February 19, 2010 ICRA assigns LA+ (SO)/A1+ (SO) rating to bank facilities of KBK Chem EngineeringPrivate Limited

February 19, 2010 ICRA assigns LBB+/A4+ ratings to the bank facilities of Bola Surendra Kamath & Sons

February 19, 2010 ICRA withdraws the rating assigned to the Fixed Deposit Programme of SadbhavEngineering Limited

February 18, 2010 ICRA revises the ratings assigned to bank facilities of Rama Newsprint and PapersLimited; assigns negative outlook

February 18, 2010 ICRA reaffirms LBBB- and A3 ratings for bank facilities of Atul Auto Limited

February 18, 2010 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of Balajee Infratech andConstruction Private Limited

February 18, 2010 ICRA reaffirms the LBB+ and A4+ ratings for bank facilities of Quality Heightcon PrivateLimited

February 18, 2010 ICRA reaffirms the LA+ and A1+ ratings for bank facilities of Ushodaya EnterprisesPrivate Limited

February 18, 2010 ICRA assigns LBB+ rating to the bank facilities of PAI International Electronics Limited

February 18, 2010 ICRA downgrades ratings of The Bank of Rajasthan Limited; Maintains negative outlook

February 18, 2010 ICRA assigns A2 rating to the enhanced bank lines of Bonanza Portfolio Limited

February 18, 2010 ICRA assigns A2 rating to the enhanced bank lines of Bonanza Commodity BrokersPrivate Limited

February 18, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Indo Farm Equipment Limited

February 18, 2010 ICRA assigns LBB rating to bank lines of Richlook Garments Private Limited

February 18, 2010 ICRA assigns A4 ratings to bank lines of Overseas Carpets Limited

February 18, 2010 ICRA assigns A1+ rating to India Infoline Limited’s enhanced short term debtprogramme


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programme

February 18, 2010 ICRA assigns A1+ rating to India Infoline Investment Services Ltd’s enhanced shortterm debt programme

February 18, 2010 ICRA assigns LBB- rating to bank facilities of Shipra Hotels Limited; assigns stableoutlook

February 18, 2010 ICRA assigns LBB+ rating to the Rs. 40 million fund based limits of Bhuwalka AlloysPrivate Limited

February 18, 2010 ICRA assigns LBB+ rating to the Rs 46.4 million Term loan and Rs. 40.0 million fundbased limits of Bhuwalka Castings & Forging Private Limited

February 18, 2010 ICRA assigns LBB+ rating to the Rs. 78.6 million fund based limits of Bhuwalka SalesCorporation

February 18, 2010 ICRA assigns LBB+ rating to the Rs. 200 million fund based limits of Bhuwalka & SonsPrivate Limited

February 18, 2010 ICRA assigns LBB+ rating to the Rs. 60 million fund based limits of Deccan AlloysPrivate Limited

February 18, 2010 ICRA assigns LBB+ rating to the Rs. 53 million term loans and Rs. 100 million fundbased limits of Vishwakarma Refractories Private Limited

February 18, 2010 ICRA upgrades the long term rating assigned to the bank limits of FLSmidth PrivateLimited, rated amount enhanced

February 18, 2010 ICRA withdraws LAA-/A1+ ratings assigned to the bank limits of FLSmidth MineralsPrivate Limited

February 17, 2010 ICRA assigns an IPO Grade 3 to proposed IPO of United Bank of India, indicatingaverage fundamentals

February 17, 2010 ICRA releases a summary update on the performance of ABS pools

February 17, 2010 ICRA assigns high credit quality rating to the Rs. 1,000 million Subordinated DebtProgramme of Sundaram BNP Paribas Home Finance Limited

February 17, 2010 ICRA revises the bank line ratings of Scorpios Apparels Private Limited

February 17, 2010 ICRA revises the ratings of Aditya Birla Retail Limited

February 17, 2010 ICRA assigns LA and A1 ratings to bank facilities of Sigma Vibracoustic (India) PrivateLimited

February 17, 2010 ICRA revises the rating of Trinethra Superretail Private Limited

February 17, 2010 ICRA assigns LBBB- and A3 ratings to bank lines of Pyrotech Electronics PrivateLimited

February 17, 2010 ICRA assigns LBBB and A3+ ratings to the bank facilities of Eskay Fine Chemicals

February 17, 2010 ICRA assigns LBBB and A2 ratings to the bank facilities of Anuh Pharma Limited

February 17, 2010 ICRA assigns an LBBB+ and A2 ratings to the bank facilities of Narbheram Vishram

February 17, 2010 ICRA assigns LBB- rating to bank facilities of Krishnaganga Spinning Mills PrivateLimited

February 17, 2010 ICRA withdraws ratings assigned to Purchaser Payouts issued under a securitisationtransaction originated by Manappuram General Finance and Leasing Limited

February 16, 2010 ICRA’s Comments on Bharti Airtel Limited’s announcement on talks with Zain foracquisition of its African assets

February 16, 2010 ICRA assigns highest credit quality ratings of HDFC Limited

February 16, 2010 ICRA assigns an Issuer Rating of IrA- to Krishi Rasayan Exports Private Limited

February 16, 2010 ICRA assigns LB rating to the bank facilities of ASL Fortune Private Limited

February 16, 2010 ICRA revises the ratings for bank facilities of Fun Multiplex Private Limited; assignsstable outlook

February 16, 2010 ICRA assigns LBBB- rating to the bank facilities of Ashwini Infradevelopments PrivateLimited

February 16, 2010 ICRA assigns LBBB and A3+ ratings to the bank limits of Jaina Marketing & Associates

February 16, 2010 ICRA withdraws ratings assigned to Purchaser Payouts backed by loan pool originatedby Sundaram Finance Limited

February 16, 2010 ICRA revises ratings assigned to the bank facilities of ETA Constructions (India) Limited

February 16, 2010 ICRA reaffirms the LA- rating for bank facilities of Maharashtra Academy ofEngineering & Educational Research, Pune

February 16, 2010 ICRA revises the ratings for bank facilities of Abhishek Corporation Limited

February 16, 2010 ICRA revises the ratings for bank facilities of Maruti Cotex Limited

February 16, 2010 ICRA revises the rating of bank facilities of Mani Exports to A4+

February 16, 2010 ICRA assigns LBB+/A4+ ratings to the bank facilities of Rika Global Impex Limited

February 15, 2010 INDIAN PHARMCEUTICAL INDUSTRY: supported by strong medium term visibility inregulated market generics and domestic growth

February 15, 2010 ICRA assigns LBB rating to bank lines of Suvidhi Rayons Private Limited

February 15, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Gayatri Suitings Limited

February 15, 2010 ICRA reaffirms the LBBB and A2 ratings assigned to the bank lines of ParadeepPhosphates Limited

February 15, 2010 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of BRG Iron and SteelCompany Private Limited


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February 15, 2010 ICRA assigns A3+ ratings to the bank facilities of Adam & Coal Resources PrivateLimited

February 15, 2010 ICRA assigns LBB rating to the enhanced bank facilities of NSL Textiles (Edlapadu)Limited

February 15, 2010 ICRA assigns LBB rating to the enhanced bank facilities of NSL Textiles Limited

February 15, 2010 ICRA assigns LBBB+ and A2 ratings to enhanced bank facilities of Nuziveedu SeedsLimited; maintains ratings under watch with developing implications

February 15, 2010 ICRA assigns LBB and A4 ratings to the bank facilities of Teekay Marines PrivateLimited

February 15, 2010 ICRA assigns LBB+ and A4+ rating to the bank limits of Harso Steels Private Limited

February 15, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Trimurti Polychem PrivateLimited; assigns stable outlook

February 15, 2010 ICRA assigns LBBB- and A3 rating to bank facilities of Taj Frozen Foods India Limited

February 15, 2010 ICRA assigns LBB rating to the bank facilities of Nitesh Residency Hotels PrivateLimited

February 15, 2010 ICRA revises the ratings for bank facilities and commercial paper/ short-term debtprogramme of Reliance MediaWorks Limited

February 12, 2010 ICRA revises the ratings assigned to the bank facilities and debt programme of KMCConstructions Limited

February 12, 2010 ICRA assigns Negative Outlook to the long term rating of Pitti Laminations Limited

February 12, 2010 ICRA assigns LBBB and A2 ratings to bank facilities of Duke Fashions (India) Limited

February 12, 2010 ICRA assigns LBB rating to bank limits of Rukmini Iron Private Limited

February 12, 2010 ICRA assigns LBB+/A4+ rating to the bank facilities of Guardian Lifecare PrivateLimited

February 12, 2010 ICRA reaffirms LA+ rating for the enhanced bank facilities of Feedback VenturesPrivate Limited

February 12, 2010 ICRA assigns A4 rating to the bank facilities of Siddhartha Industries

February 12, 2010 ICRA assigns LBB/ A4 ratings to the bank facilities of Kalinga Sponge Iron Limited

February 12, 2010 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisationprogrammes of ICICI Bank Limited

February 12, 2010 ICRA withdraws ratings assigned to the Senior PTCs issued by IRS Trust - Series I

February 12, 2010 ICRA reaffirms the LA+(SO) rating for the Long Term Bond Programme of CauveryNeeravari Nigam Limited

February 12, 2010 ICRA withdraws rating assigned to the PTCs enlisted below, issued under ABSprogramme originated by ICICI Bank Limited

February 11, 2010 ICRA withdraws rating assigned to the PTCs enlisted below, issued under ABSprogramme originated by ICICI Bank Limited

February 11, 2010 ICRA reaffirms the LA+(SO) rating for the bond programmes and LA(SO) rating for theterm loans of Karnataka Neeravari Nigam Limited

February 11, 2010 ICRA assigns LBB rating to the bank lines of Saileela Synthetics Private Limited

February 11, 2010 ICRA assigns CS 4 rating to MPS Greenery Developers Limited

February 11, 2010 ICRA assigns LA+ rating to the bank facilities of Manipal Academy of Higher Education(MAHE)

February 11, 2010 ICRA assigns LC+/A4 rating to bank limits of K.M Sugar Mills Limited

February 11, 2010 ICRA reaffirms the ratings for bank facilities of Haldiram Products Private Limited;assigns stable outlook

February 11, 2010 ICRA assigns A1 rating to CP/ STD programme of Om Logistics Limited; assignsPositive outlook to the long term rating

February 11, 2010 ICRA assigns LBB+ rating to the bank facility of Middle East Hotel Company PrivateLimited

February 11, 2010 ICRA reaffirms A1+ rating for Commercial Paper / Short Term Debt programme ofEricsson India Private Limited, reaffirms LAA rating for the bank lines (rated amountenhanced); assigns stable outlook

February 11, 2010 ICRA reaffirms the LBBB and A3 ratings for bank facilities of SJS Enterprises PrivateLimited

February 11, 2010 ICRA assigns A1+ to the enhanced Certificate of Deposits Programme of IDBI Bank

February 11, 2010 ICRA assigns LA+ rating to the Non Convertible Debenture (NCD) programme of TataMotors Limited

February 11, 2010 ICRA reaffirms ratings assigned to bank lines and CP/STD Programme of SubrosLimited, rated amount enhanced; assigns stable outlook

February 11, 2010 ICRA revises the ratings for bank facilities / CP program of Tanfac Industries Limited

February 11, 2010 ICRA assigns A4 rating to bank facilities of Lovely Fab Prints Private Limited

February 11, 2010 ICRA assigns LBB+ and A4+ rating to bank facilities of Star Circlips & engineeringLimited

February 11, 2010 ICRA reaffirms LBBB/A3+ ratings for the bank lines of Gulf Oil Corporation Limited

February 10, 2010 ICRA reaffirms LA and A1 ratings to bank facilities of Deepak Nitrite Limited; assignsstable outlook


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February 10, 2010 ICRA assigns LBBB and A3+ ratings to bank facilities of Embee Software PrivateLimited

February 10, 2010 ICRA assigns LBBB- rating to bank lines of IBN 18 Broadcast Limited for an enhancedamount

February 10, 2010 ICRA downgrades rating of assignee payouts backed by a vehicle loan pool originatedby ICICI Bank Limited

February 10, 2010 ICRA assigns A4+ rating to bank facilities of M/s MK

February 10, 2010 ICRA revises the ratings for bank facilities of MVL Industries Limited

February 10, 2010 ICRA assigns LBB+ rating to bank facilities of Perfect Retreads Private Limited

February 10, 2010 ICRA reaffirms LD rating assigned to the Partly Convertible Debenture programme ofDCM Limited

February 9, 2010 ICRA reaffirms LA rating for bank facilities of Sungwoo Gestamp Hitech ChennaiLimited (erstwhile Technical Stampings Automotive Limited)

February 9, 2010 ICRA reaffirms LBBB+/A2 rating to bank facilities of Aarti Drugs Limited

February 9, 2010 ICRA reaffirms ratings for the bank lines, long term and short term debt programmes ofHindustan Aeronautics Limited

February 9, 2010 ICRA reaffirms the LBBB- and A3 ratings to bank facilities of Dhoot TransmissionPrivate Limited

February 9, 2010 ICRA Assigns LBB+ rating to bank facilities of Adinath Re-rolling Private Limited

February 9, 2010 ICRA assigns LBB rating to the bank facilities of Jhunjhunwala Trading Private Limited

February 9, 2010 ICRA upgrades the long term rating and reaffirms short term rating for bank facilities ofOswal Woollen Mills Limited

February 8, 2010 Supply-side constraints expected to continue impacting domestic steel companiesdespite demand outlook being positive

February 6, 2010 ICRA upgrades the long term rating for the bank facilities of Maharashtra SeamlessLimited

February 6, 2010 ICRA assigns LA rating to the bank facilities of L&T Transco Private Limited

February 5, 2010 ICRA assigns LA+ and A1+ ratings to bank facilities of Mahindra Steel Service CentreLimited

February 5, 2010 ICRA upgrades the LBBB+/A2 ratings for the bank facilities of Autometers AllianceLimited to LA-/A2+; assigns stable outlook

February 5, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of UKB Electronics PrivateLimited

February 5, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of New Horizons Limited

February 5, 2010 ICRA downgrades and suspends the rating for bank facilities of IDEB Projects PrivateLimited

February 5, 2010 ICRA assigns LBBB- (stable) and A3 ratings to the bank facilities of Rupesh Kumar &Brothers

February 5, 2010 ICRA assigns LBB- rating to the Fund based Limits of Ram Sarup Deepak Kumar

February 5, 2010 ICRA reaffirms the LBBB and A2 ratings for bank facilities of Rathi Bars Limited;assigns stable outlook

February 5, 2010 ICRA re-affirms the LA- rating for bank facilities of Krishna Maruti Limited

February 5, 2010 ICRA revises the long-term rating for bank facilities of IHHR Hospitality Private Limited

February 5, 2010 ICRA re-affirms LBBB and A2 ratings to the bank facilities of Genus ElectrotechLimited; Stable outlook assigned

February 5, 2010 ICRA assigns A4 rating to bank facilities of Golawala Diamonds

February 4, 2010 ICRA upgrades the rating for the bank facilities of Sabarmati Gas Limited

February 4, 2010 ICRA reaffirms LAA/A1+ rating for bank lines and IrAA issuer rating of Petronet LNGLimited

February 4, 2010 ICRA upgrades the rating for bank facilities of Munjal Auto Industries Limited; assignsstable outlook

February 4, 2010 ICRA retains LAA and A1+ ratings of Balmer Lawrie

February 4, 2010 ICRA assigns LBBB+ and A2 ratings to bank facilities of Princeware InternationalPrivate Limited

February 4, 2010 ICRA assigns LBB and A4 ratings to bank facilities of NRC Industries Limited

February 4, 2010 ICRA revises the ratings assigned to the bank lines of The State Trading Corporation ofIndia Limited

February 4, 2010 ICRA assigns high credit quality ratings to long term bonds programme of Bank ofMaharashtra

February 4, 2010 ICRA assigns LBB (stable)/A4 ratings to the bank facilities of Sree Lalitha ParameswariSpinning Mills Private Limited

February 4, 2010 ICRA assigns A4 rating to the bank facilities of Polar Star

February 4, 2010 Mortgage finance market likely to gain momentum; HFCs likely to grow profitably despitechallenges

February 3, 2010 Risk Appetite Amongst Debt Fund Managers Rises Marginally

February 3, 2010 ICRA assigns LBB rating to the bank facilities of Jakraya Sugar Limited

February 3, 2010 ICRA assigns LAAA rating to Rs 2.5 billion bonds programme of GAIL (India) Limited.


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February 3, 2010 ICRA assigns LAAA rating to Rs 2.5 billion bonds programme of GAIL (India) Limited.Also reaffirms the LAAA rating to the other bond programme and bank lines

February 3, 2010 ICRA assigns LBB/ A4 ratings to the bank facilities of Jai India Weaving Mills PrivateLimited

February 3, 2010 ICRA re-affirms the LBB+ and A4+ ratings for bank facilities of Sree AkkamambaTextiles Limited

February 3, 2010 ICRA assigns LBB/A4 ratings to the bank limits of K.K. Continental Trade Limited

February 3, 2010 ICRA assigns LBB/A4 ratings to the bank limits of Jindal Oil & Fats Limited

February 3, 2010 ICRA reaffirms MAA+ rating to the fixed deposits programme of Canfin Homes Limited

February 3, 2010 ICRA withdraws rating assigned to the line of credit of Adarsh Developers

February 3, 2010 ICRA withdraws rating assigned to the long term Non-Convertible DebentureProgramme of Adarsh Prime Prorjects Private Limited

February 3, 2010 ICRA withdraws the grading assigned to Soma Enterprise Limited

February 2, 2010 ICRA assigns LB rating to bank facilities of Shirdi Country Inns Private Limited

February 2, 2010 ICRA assigns LBB+ and A4+ ratings to the bank facilities of Midco Limited

February 2, 2010 ICRA assigns LBBB- and A3 ratings to bank facilities of Anand NVH Products PrivateLimited

February 2, 2010 ICRA reaffirms LBBB and A3+ ratings for bank facilities of Goodluck Steel TubesLimited

February 2, 2010 ICRA assigns LAA-pp(SO) rating to India Infoline Investment Services Limited’s longterm principal protected equity linked debentures

February 2, 2010 ICRA revises the rating assigned to the bank facilities of Mundra International ContainerTerminal Private Limited

February 2, 2010 ICRA assigns LA rating for bank facilities of Chennai Container Terminal PrivateLimited; withdraws earlier rating of LA(SO)

February 2, 2010 ICRA assigns LA ratings for bank facilities of Nhava Sheva International ContainerTerminal Private Limited; withdraws earlier rating of LA(SO)

February 1, 2010 ICRA assigns LA- (SO) and A2+ (SO) ratings to the bank facilities of Sri Harini TextilesLimited

February 1, 2010 ICRA assigns LAA+(SO) and A1+(SO) ratings to bank facilities of Aurigene DiscoveryTechnologies Private Limited

February 1, 2010 ICRA revises the ratings for bank facilities of TCS Textiles Private Limited

February 1, 2010 ICRA reaffirms the A1 rating for bank facilities and Commercial Paper/Short-Term DebtProgramme of Hughes Communication India Limited

February 1, 2010 ICRA suspends the ratings for bank limits of M/s Minestone

February 1, 2010 ICRA revises the ratings for bank facilities of M/s Kapoor Industries

February 1, 2010 ICRA assigns LBB- and A4 ratings to bank facilities of Krishnamurthy Spinning MillsPrivate Limited

February 1, 2010 ICRA reaffirms the LBB - and A4 ratings for bank facilities of Trishul Exotics PrivateLimited

February 1, 2010 ICRA reaffirms the LBB - and A4 ratings for bank facilities of Worldfa Exports PrivateLimited

February 1, 2010 ICRA assigns LB+ rating to the fund based limits and A4 rating to the non fund basedlimits of Rajasthan Transmission Wires Private Limited

February 1, 2010 ICRA upgrades the long term rating and reaffirms the short term rating of EverestIndustries Limited

January 29, 2010 ICRA in MoU with Punjab and Sind Bank to rate Bank Loans under RBI’s New CapitalAdequacy Framework for Basel-II

January 29, 2010 ICRA upgrades the rating assigned for term loan limit of Nandi Highway DevelopersLimited; assigns stable outlook

January 29, 2010 ICRA assigns LBB rating to bank facilities of Sri Srinivasa Spintex Private Limited

January 29, 2010 ICRA revises the ratings for the bank facilities of D. S. Kulkarni Developers Limited

January 29, 2010 ICRA assigns LBB+ and A4+ ratings to the bank facilities of Vishva Vishal EngineeringLimited

January 29, 2010 ICRA revises the rating assigned to the bank facilities of Delhi Waste ManagementLimited to LBBB from LA-(SO); assigns stable outlook

January 29, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of M/s Kota Dall Mill

January 29, 2010 ICRA assigns LAA rating to the Bonds Programme of IDBI Bank

January 29, 2010 ICRA assigns LBB+ and A4+ ratings to the bank facilities of SSV Fab Industries PrivateLimited

January 29, 2010 ICRA assigns LB rating to bank facilities of The Shanker Vittal Motor Company Limited

January 29, 2010 ICRA assigns LBBB+ rating to the Bank Facilities of Bengal Ambuja HousingDevelopment Limited

January 29, 2010 ICRA withdraws A2+ rating assigned to the CP Programme of Krishna Maruti Limited

January 29, 2010 ICRA withdraws the suspended rating for the fixed deposit programme of GroverLeasing Limited

January 29, 2010 ICRA withdraws the suspended rating for the fixed deposit programme of Kailash AutoFinance Limited


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Finance Limited

January 28, 2010 ICRA assigns LA+ rating to Non Convertible Debentures of PTC India FinancialServices Limited

January 28, 2010 ICRA assigns LB ratings to bank facilities of Ritu Shipping Private Limited

January 28, 2010 ICRA assigns LB ratings to bank facilities of Sree Laxmi Ship Breakers

January 28, 2010 ICRA assigns A4 rating to bank facilities of Texport Syndicate (India) Limited

January 28, 2010 ICRA assigns LBB rating to the bank facilities of Ambuja Realty Development Limited

January 28, 2010 ICRA reaffirms the LBBB+ and A2 ratings for bank facilities of Mackintosh BurnLimited, rated amount enhanced

January 28, 2010 ICRA revises the ratings for bank facilities of Remi Edelstahl Tubulars Limited (ErstwhileRajendra Mechanical Industries Limited)

January 28, 2010 ICRA re-affirms LBB+/A4+ ratings for bank facilities of Jawandamal Dhannamal

January 28, 2010 ICRA re-affirms outstanding ratings on Edelweiss Capital Ltd’s long term debtprogramme following its recent announcement of acquisition of Anagram Capital Limited

January 28, 2010 ICRA withdraws LBBB+/A2+ ratings assigned to the bank limits of HKT Mining PrivateLimited

January 27, 2010 INDIAN CEMENT INDUSTRY: PROFITABILITY TO COME UNDER PRESSURE ASNEW CAPACITIES TAKE CONCRETE SHAPE

January 27, 2010 ICRA assigns LAA-pp(SO) rating to ECL Finance Ltd’s long term principal protectedequity linked debentures

January 27, 2010 ICRA assigns LBB- and A4 rating to the working capital facilities of Birla PowerSolutions Limited

January 27, 2010 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of Amira Foods (India)Limited

January 27, 2010 ICRA assigns LB+ and A4 ratings to bank facilities of Shri Sidhdata Steel Tubes

January 27, 2010 ICRA assigns LB+ and A4 ratings to bank facilities of Shri Sidhdata Ispat PrivateLimited

January 27, 2010 ICRA assigns LB+ rating to bank facilities of Shri Sudershan Tubes

January 27, 2010 ICRA reaffirms LA+/A1+ rating to bank facilities and Commercial Paper program ofIndoco Remedies Limited

January 27, 2010 ICRA reaffirms Bank lines, Fixed deposit and Commercial paper ratings of Rane EngineValve Limited, rated amount enhanced; assigns a stable outlook

January 27, 2010 ICRA assigns A3 ratings to the enhanced bank lines of Systematix Shares & Stocks(India) Limited

January 27, 2010 ICRA assigns LBB rating to the bank facilities of Icconol Petroleum Private Limited

January 27, 2010 ICRA revises the ratings assigned to Cadila Pharmaceuticals Limited

January 27, 2010 ICRA assigns LBBB-(SO)/A3(SO) (Negative) and LBB/A4 (Stable) ratings to the banklines of Albright & Wilson Chemicals India Limited

January 27, 2010 ICRA withdraws rating assigned to the Liquidity Facility provided under ABS programmeof ICICI Bank Limited

January 27, 2010 ICRA assigns LBB+ and A4+ ratings for bank facilities of Devika Fibres Private Limited

January 25, 2010 ICRA assigns LBB+ and A4+ ratings to the bank facilities of Bihar Raffia IndustriesLimited

January 25, 2010 ICRA revises the construction grading assigned to BSCPL Infrastructure Limited

January 25, 2010 ICRA assigns A2+ rating to the enhanced bank facilities of Bharat Mines and Minerals;reaffirms the LBBB+ / A2+ ratings assigned earlier

January 25, 2010 ICRA assigns LBBB+ rating to the enhanced bank facilities of BMM Ispat Limited;reaffirms the LBBB+ / A2+ ratings assigned earlier

January 25, 2010 ICRA assigns LBB+ rating to bank facilities of Ranjitpura Infrastructure Private Limited

January 25, 2010 ICRA assigns LAA- rating to GNFC’s term loans

January 25, 2010 ICRA assigns A1+ rating to Short Term Debt programme of HCL Corporation Limited

January 25, 2010 ICRA downgrades and suspends the rating assigned to the bank lines of M/s RatnadeepImpex

January 25, 2010 ICRA assigns rating of LBB under Basel II to Ranga Raju Warehousing Private Limited

January 25, 2010 ICRA revises the rating for bank facilities of Bholasingh Jaiprakash ConstructionLimited

January 25, 2010 ICRA assigns LBBB-/A3 ratings to the bank facilities of First Steps Babywear PrivateLimited

January 25, 2010 ICRA withdraws ratings assigned to Senior PTC Series A2 and Series A3 backed byCE loans receivables under the ABS programme originated by SREI EquipmentFinance Private Limited.

January 25, 2010 ICRA assigns LAA-/A1+ ratings to the working capital facilities of L&T-Sargent & LundyLimited

January 25, 2010 ICRA assigns LBBB and A3+ ratings to the bank facilities of Scotts Garments Limited

January 25, 2010 ICRA assigns LBBB and A3+ ratings to the bank facilities of Arora Fashions Limited

January 25, 2010 ICRA assigns LA- (Stable) and A2+ ratings to the bank facilities of Giesecke & DevrientIndia Private Limited

January 25, 2010 ICRA assigns the rating LAAA pp to RBS Financial Services (India) Private Ltd’s


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January 25, 2010 ICRA assigns the rating LAAA pp to RBS Financial Services (India) Private Ltd’s(formerly known as on ABN AMRO Securities (India) Private Ltd) long term equity linkeddebenture programme; reaffirms earlier ratings; long term ratings continue to be onrating watch with negative implications

January 25, 2010 ICRA assigns LAAA rating to Tata Sons Limited

January 22, 2010 ICRA revises the ratings for bank facilities of Subhash Projects and Marketing Limited

January 22, 2010 ICRA assigns LAA rating to Rs 2 billion lower tier 2 bonds and A1+ rating to theenhanced Rs. 80 billion (from Rs 60 billion) Certificates of Deposits Programme ofPunjab and Sind Bank

January 22, 2010 ICRA assigns LBBB-/A3 rating to bank facilities of BS Transcomm Limited

January 22, 2010 ICRA assigns mfAAA rating to Axis Short Term Fund

January 22, 2010 ICRA reaffirms the LBBB rating for bank facilities of Durha Constructions PrivateLimited

January 22, 2010 ICRA reaffirms the LB and A4 ratings for bank facilities of Rajmal Lakhichand JewellersPrivate Limited

January 22, 2010 ICRA reaffirms the LB and A4 ratings for bank facilities of R. L. Gold Private Limited

January 22, 2010 ICRA reaffirms the LB and A4 ratings for bank facilities of Manraj Jewellers PrivateLimited

January 22, 2010 ICRA reaffirms the LB and A4 ratings for bank facilities of Rajmal Lakhichand & Sons

January 22, 2010 ICRA assigns the rating of LAA+ with Stable outlook to the Rs. 6 billion Non-ConvertibleDebenture programme of L&T Finance Limited

January 22, 2010 ICRA assigns A1+ rating to the Rs 7 billion short term debt programme of ReligareSecurities Limited

January 22, 2010 ICRA assigns LBB/ A4 ratings to the bank facilities of Palani Vijay CottSpin PrivateLimited

January 21, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Rave Scans Private Limited

January 21, 2010 ICRA assigns A4 rating to the bank facilities of M/S Agarwalla Commercial

January 21, 2010 ICRA re-affirms LB+ rating to the Rs. 400 million fund based limits of Indus SportsResorts Private Limited

January 21, 2010 ICRA reaffirms the LBB + and A4 + ratings for bank facilities of SK Systems PrivateLimited

January 21, 2010 ICRA assigns A4+ rating to the bank facilities of SNC Jewels Private Limited

January 21, 2010 ICRA assigns A4+ rating to the bank facilities of Renaissance RTW Asia (P) Limited

January 20, 2010 ICRA Limited: Unaudited Financial Results for the Third Quarter and the Nine monthsended December 31, 2009

January 20, 2010 ICRA upgrades the rating for bank facilities of Harinagar Sugar Mills Limited; assignsstable outlook

January 20, 2010 ICRA assigns A1+ rating to Canara Bank’s Rs. 300 billion enhanced (from Rs. 250billion) certificate of deposit programme

January 20, 2010 ICRA upgrades the ratings for bank facilities of The Indure Private Limited to LBBB/A3+

January 20, 2010 ICRA reaffirms the LBBB+ and A2+ ratings for the bank facilities of LH Sugar FactoriesLtd.

January 20, 2010 ICRA reaffirms the LBBB+ and A2 ratings for the bank facilities of Enviro ControlAssociates (I) Private Limited; assigns stable outlook

January 20, 2010 ICRA assigns LBB+ rating to bank facilities of RAUS Infras Limited

January 20, 2010 ICRA revises the rating for bank facilities of Dewa Projects Private Limited

January 20, 2010 ICRA upgrades rating of one PTC tranche and a rated portion of First Loss Piece,reaffirms ratings of 10 PTC tranches / assignee payouts and downgrades the rating ofone PTC tranche backed by New Car and Used Car Loan pools originated by ICICIBank Ltd. (IBL)

January 20, 2010 ICRA assigns LBB+ and A4+ ratings to the bank facilities of Technico Industries Limited

January 20, 2010 ICRA assigns LB ratings to bank facilities of SJP Real Estate Limited

January 19, 2010 ICRA re-affirms LBB+ and A4+ rating to the working capital facilities of Vamshi RubberLimited; assigns stable outlook to long term rating

January 19, 2010 ICRA assigns A4+ rating to bank facilities of RPP Selvam Infrastructure Private Limited

January 19, 2010 ICRA assigns LAA- rating for the long term borrowing programme of Tamil NaduNewsprint and Papers Limited

January 19, 2010 ICRA assigns MFI grade of M3 to S.M.I.L.E. Microfinance Limited

January 19, 2010 ICRA assigns LBB rating to bank facilities of SRR Projects Private Limited

January 19, 2010 ICRA assigns LBB+ rating to the term loan of Paramount Residency Private Limited

January 19, 2010 ICRA assigns LBB rating to the bank facilities of Kalpataruvu Spinning Mills Limited

January 19, 2010 ICRA has assigned the LA rating to the Rs. 3.0 billion Subordinate Debt programme ofTata Motors Finance Limited

January 19, 2010 ICRA re-affirms LBBB- and A3 ratings for bank facilities of Action Ispat & PowerPrivate Limited; assigns stable outlook

January 19, 2010 ICRA assigns LA-(SO) and LBBB rating to the bank facilities of ETA Constructions(India) Limited

January 19, 2010 ICRA reaffirms LBBB/A2 on the bank lines of GTN Engineering (India) Limited; assigns


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January 19, 2010 ICRA reaffirms LBBB/A2 on the bank lines of GTN Engineering (India) Limited; assignsstable outlook

January 19, 2010 ICRA re-affirms LBB+ and A4 ratings to the bank facilities of Varsha CorporationLimited; Stable outlook assigned

January 19, 2010 ICRA assigns iAAA rating for claims paying ability of HDFC ERGO General InsuranceCompany Limited

January 19, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Kandhari Hotels Private Limited

January 19, 2010 ICRA reaffirms the LAA+/MAAA/A1+ rating for bank facilities/Fixed Deposit programmeof T V Sundram Iyengar & Sons Limited for an enhanced amount; stable outlookassigned

January 19, 2010 ICRA assigns LBBB- and A3 ratings to the bank lines of Veer Plastics Private Limited

January 19, 2010 ICRA assigns LB+ to the bank facilities of Peevees Projects Private Limited

January 18, 2010 ICRA upgrades short term ratings of Starlite Lighting Limited to A1+ (SO); assignsStable outlook

January 18, 2010 ICRA assigns LB/A4 ratings to bank facilities of The Travancore Cochin ChemicalsLimited

January 18, 2010 ICRA upgrades short term rating of Bajaj Electricals Limited to A1+; assigns stableoutlook

January 18, 2010 ICRA assigns LBB rating to the bank facilities of Neelkanth Town Planners PrivateLimited

January 18, 2010 ICRA assigns LBB and A4 ratings to bank facilities of Savio Ceramica Private Limited

January 18, 2010 ICRA assigns the LA- rating to the enhanced bank facilities of ECIL-Rapiscan Limited

January 18, 2010 ICRA assigns ratings of LAAA(SO) with negative outlook to the enhanced fund basedfacilities of Family Credit Limited

January 18, 2010 ICRA assigns conditional LAAA(SO) to the Purchaser Payouts backed by car,commercial vehicle and construction equipment loan pool originated by Reliance CapitalLimited

January 18, 2010 ICRA reaffirms A1+ rating to Short Term Debt programme of Aditya Birla FinanceLimited (Erstwhile Birla Global Finance Company Limited)

January 18, 2010 ICRA reaffirms A1+ rating to Short Term Debt programme of Laxminarayan InvestmentsLimited

January 18, 2010 ICRA assigns LBB rating to bank facilities of Paras Healthcare Private Limited

January 18, 2010 ICRA assigns LBB+ and A4+ rating to bank facilities of Shashi Cables Limited

January 18, 2010 ICRA assigns LBBB (stable) rating to bank facilities of Modern Vidya Niketan Society

January 18, 2010 ICRA re-affirms LBB+ and A4+ ratings to the bank facilities of Hinduja FoundriesLimited

January 18, 2010 ICRA reaffirms A1+ rating to Short Term Debt programme of Naman Finance &Investments Private Limited

January 15, 2010 ICRA assigns A1+ rating to short term NCD programme of Hyderabad IndustriesLimited; withdraws long term rating for NCD programme of HIL

January 15, 2010 ICRA upgrades the short term rating and reaffirms long term rating to bank facilities ofStar Wire (India) Limited; rating amount enhanced

January 15, 2010 ICRA reaffirms rating of assignee payouts under 3 vehicle loan pools, downgradesratings of assignee payouts backed by 1 other vehicle loan pool, originated by ICICIBank Limited

January 15, 2010 ICRA assigns an LBBB-/A3 rating to the bank facilities of Narbheram Power & SteelPrivate Limited

January 15, 2010 ICRA reaffirms LAAA (SO) rating of Purchaser Payouts and upgrades the rating ofSecond Loss Facility under a loan receivables assignment transaction originated byShriram Transport Finance Co. Ltd.

January 15, 2010 ICRA assigns an LBB rating to the bank facilities of Maa Tarini Industries Limited

January 15, 2010 ICRA assigns LB+ rating to the bank facilities of Gangar Opticians Private Limited

January 15, 2010 ICRA assigns A4+ rating to bank facilities of Beekay Overseas

January 15, 2010 ICRA reaffirms the LAA- / A1+ rating on India Infoline Limited’s long term / short termdebt programme

January 15, 2010 ICRA reaffirms the LA+ / A1+ rating on India Infoline Investment Services Limited’sLong term / Short term debt programme

January 15, 2010 ICRA reaffirms the A1 rating on MoneyLine Credit Limited’s short term debt programme

January 15, 2010 ICRA reaffirms the LA+ /A1 rating for bank facilities of KEC International Limited, ratedamount enhanced

January 15, 2010 ICRA reaffirms LA / A1 ratings on various bank lines of Wall Street Finance Ltd;removes the long term rating from rating watch

January 15, 2010 ICRA assigns LBBB (SO) / LBBB- / A3 rating to the bank lines of GMR Aviation PrivateLimited

January 14, 2010 ICRA reaffirms LBBB+ and A2 ratings to the bank lines and long term debt programmeof Gujarat State Energy Generation Limited; assigns Stable Outlook

January 14, 2010 ICRA reaffirms the LAA- and A1+ ratings for bank facilities of Rockman IndustriesLimited

January 14, 2010 ICRA assigns conditional LAA+(SO) rating to PTCs issued by Novo VIII Trust – Archie


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January 14, 2010 ICRA assigns LBB ratings to the bank facilities of Jaipur Integrated Texcraft ParkPrivate Limited

January 14, 2010 ICRA assigns LB+ rating to bank facilities of Shipra Estate Limited

January 14, 2010 ICRA assigns LBB/A4 ratings to the bank lines of K. V. Aromatics Private Limited

January 14, 2010 ICRA assigns high credit quality ratings to upper tier II bonds programme of CentralBank of India

January 14, 2010 ICRA re-affirms the LBBB- rating assigned to the bank facilities of Adani Petronet(Dahej) Port Private Limited; assigns positive outlook

January 14, 2010 ICRA withdraws grading assigned to Bengal Ambuja Housing Development Limited

January 14, 2010 ICRA withdraws grading assigned to Bengal Ambuja Metro Development Limited

January 13, 2010 ICRA places the LBBB+/A2 ratings assigned to the bank facilities of Nuziveedu SeedsLimited under watch with developing implications

January 13, 2010 ICRA assigns LBBB-/ A3 ratings to bank facilities of Expo Freight (Pvt) Limited

January 13, 2010 ICRA assigns LB rating to the bank facilities of G. V. Estates & Hotels Private Limited

January 13, 2010 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of Escorts ConstructionEquipment Limited; assigns negative outlook

January 13, 2010 ICRA assigns high-credit-quality rating to Rs. 0.50 billion Subordinate NCD Programmeof Deutsche Postbank Home Finance Limited

January 13, 2010 ICRA assigns A4 ratings to the bank facilities of M/s. Pearl International

January 13, 2010 ICRA assigns LBBB- (Stable) and A3 ratings to the bank facilities of KhandelwalLaboratories Private Limited

January 13, 2010 ICRA withdraws the rating of LBBB- assigned to the term loan facilities of MalegaonManmad Kopergaon Infrastructure & Toll Road Private Limited (MMKIPL)

January 12, 2010 ICRA revises the ratings for bank facilities of VVF Limited; assigns stable outlook

January 12, 2010 ICRA assigns LB and A4 ratings to bank facilities of Vayhan Coffee Limited

January 12, 2010 ICRA assigns LAA+ (SO) rating to the long term bank facilities of Cargill Capital andFinancial Services India Private Limited

January 12, 2010 ICRA assigns LAA+ (SO) rating to the long term bank facilities of Cargill Global TradingIndia Private Limited/ reaffirms A1+ rating to enhanced short term bank facilities

January 12, 2010 ICRA assigns LAA+ (SO) rating to the long term bank facilities of Cargill India PrivateLimited/ reaffirms A1+ rating to enhanced short term bank facilities

January 12, 2010 ICRA reaffirms the LBBB+ and A2+ ratings for bank facilities of Aarti Steels Limited

January 12, 2010 ICRA assigns an A4 rating to bank facilities of M Kantilal Exports

January 12, 2010 ICRA revises the rating of bank facilities of Choice Diamond

January 12, 2010 ICRA re-affirms the LAAA rating assigned to the NCD programme of Oil and NaturalGas Corporation

January 12, 2010 ICRA assigns LB and A4 ratings to bank facilities of Sunstar Precision Forge Limited

January 12, 2010 ICRA revises the long term ratings assigned to Vipul Limited

January 12, 2010 ICRA assigns LBB+ and A4+ ratings to bank facilities of Golden Jubilee Hotels Limited

January 12, 2010 ICRA assigns LA (SO) and A1 (SO) ratings to the bank lines of Baroda Textile EffectsLimited

January 11, 2010 ICRA assigns LBBB+ and A2 ratings to bank facilities of D& H Secheron ElectrodesPrivate Limited

January 11, 2010 ICRA assigns LBB and A4 rating to the term loans and bank limits of MicromaticGrinding Technologies Limited (MGTL)

January 11, 2010 ICRA assigns LBBB and A3+ ratings to bank facilities of Dwekam Electrodes PrivateLimited

January 11, 2010 ICRA assigns LB+ and A4 ratings to the bank facilities of ALP Overseas Private Limited

January 11, 2010 ICRA assigns LBB+ / A4+ ratings to the bank lines of Progressive Share BrokersPrivate Limited

January 11, 2010 ICRA reaffirms the LBB+ and A4+ ratings for bank facilities of Ratanchand JewellersPrivate Limited

January 11, 2010 ICRA assigns LBB- and A4 rating to the term loan and bank facilities of Accent MetalsPrivate Limited

January 11, 2010 Update on DLF LAING O’ROURKE (INDIA) LIMITED

January 11, 2010 ICRA assigns LBBB rating to bank facilities of SAM (India) Builtwell Private Limited

January 11, 2010 ICRA assigns LBBB rating to bank facilities of SAM (India) Builtwell Private Limited

January 11, 2010 ICRA assigns LBB rating to Rs. 91.0 million fund based facilities of JSL Ispat PrivateLimited

January 11, 2010 ICRA withdraws LBBB/A2 ratings assigned to the bank facilities of Jubiliant EngineeringLimited

January 11, 2010 ICRA reaffirms the iAAA rating for claims paying ability of ICICI Lombard GeneralInsurance Company

January 8, 2010 ICRA assigns LBBB-/A3 ratings to enhanced bank facilities of East Coast Constructions& Industries Limited

January 8, 2010 ICRA reaffirms highest safety ratings assigned to Guaranteed bonds of Steel Authorityof India


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of India

January 8, 2010 ICRA revises the ratings for bank facilities of Garg Inox Limited

January 8, 2010 ICRA reaffirms ratings for two bank facilities of Hysco Steel India Limited and revisesratings for another bank facility

January 8, 2010 ICRA assigns A4+ rating to bank facilities of Balaji Exports Co

January 8, 2010 ICRA assigns LB+ and A4 ratings to the bank lines of Liberty Phosphates Limited

January 8, 2010 ICRA assigns LBB+ (Positive outlook) and A4 ratings to the bank facilities of MicrotexEnergy Private Limited

January 8, 2010 ICRA assigns LA- and A1 ratings to bank facilities of Motherson Sumi Infotech &Designs Limited

January 8, 2010 ICRA assigns MA- rating to FD programme of Network18 Media & Investments Limited

January 8, 2010 ICRA assigns a rating of LBBB- and A3 to the Basel II lines of RSB Projects Limited

January 7, 2010 INDIAN AUTO ANCILLARY INDUSTRY: RECOVERY IN SIGHT

January 7, 2010 ICRA assigns LBBB rating to bank facilities of P. C. Chandra Jewellery Apex PrivateLimited

January 7, 2010 ICRA reaffirms the LAAA/A1+ ratings of Airports Authority of India; assigns stableoutlook

January 7, 2010 ICRA withdraws ratings assigned to Purchaser Payouts backed by loan pool originatedby SREI Equipment Finance Private Limited

January 7, 2010 ICRA assigns LBB+ (stable) and A4+ ratings to bank facilities of Capital Foods Limited

January 7, 2010 ICRA assigns LBB+ (stable) and A4+ ratings to bank facilities of Capital Foods ExporttsPrivate Limited

January 7, 2010 ICRA revises the long term rating of Rama Paper Mills Limited; Reaffirms short termrating

January 7, 2010 ICRA upgrades the ratings for bank facilities of Dhanuka Agritech Limited, rated amountenhanced; assigns stable outlook

January 7, 2010 ICRA revises the rating of bank facilities of ISKCON Charities

January 6, 2010 ICRA revises the ratings for bank facilities of Davanam Jewellers Private Limited

January 6, 2010 ICRA assigns LBBB-/A3 rating to the bank facilities of Dynacons Systems & SolutionsLimited

January 6, 2010 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of Geodesic TechniquesPrivate Limited

January 6, 2010 ICRA reaffirms the LBB+ rating for the bank facilities of K.S.C. Educational Society

January 6, 2010 ICRA reaffirms ratings of various debt programmes of IndusInd Bank Limited

January 6, 2010 ICRA revises the rating assigned to Shasun Chemicals & Drugs Limited (SCDL)

January 6, 2010 ICRA retains the ratings of PTCs/Purchaser payouts under seven transactions anddowngrades the rating of Purchaser Payouts under two transactions originated by GECapital Transportation Financial Services Limited (GETFSL)

January 5, 2010 ICRA assigns LB+ and A4 ratings to the bank facilities of Shivam Motors Private Limited

January 5, 2010 ICRA assigns LB and A4 ratings to the bank facilities of Commercial AutomobilesPrivate Limited

January 5, 2010 ICRA reaffirms the LBB and A4+ ratings outstanding against the bank facilities of GoelJewellery International

January 5, 2010 ICRA reaffirms the LBB+ and A4+ ratings outstanding against the bank facilities of GoelJewellery Mart Private Limited

January 4, 2010 INDIAN PASSENGER VEHICLE INDUSTRY: Long term demand outlook remains robust

January 4, 2010 ICRA assigns LBBB (Stable) and A2 ratings to enhanced bank facilities of CompuageInfocom Limited

January 4, 2010 ICRA assigns LAA+pn to Equity Linked Debenture Programme of Citicorp Finance(India) Limited

January 4, 2010 ICRA assigns LB-/A4 to bank facilities of Vamsi Labs Limited

January 4, 2010 ICRA assigns LBBB-/ A3 ratings to the bank facilities of Namakkal Transport CarriersPrivate Limited

January 4, 2010 ICRA revises the rating for NCD programme of Trent Limited

January 4, 2010 ICRA withdraws LBBB+/ A2 ratings assigned to the bank limits of Adani Energy Limited

January 4, 2010 ICRA assigns LAA- and A1+ rating to the bank facilities of Eicher Motors Limited

January 1, 2010 ICRA upgrades the long term rating from LBBB to LBBB+ and short term rating from A2to A2+ of Ponni Sugars (Erode) Limited

January 1, 2010 ICRA reaffirms the LA and A1 ratings for bank facilities and CP programme of BSCPLInfrastructure Limited, rated amount enhanced; assigns fresh rating to its NCDprogramme

January 1, 2010 ICRA assigns LBB/A4 ratings to the bank lines of Siddhant Chemicals

January 1, 2010 ICRA assigns LBB- and A4 ratings to the bank facilities of Enaltec Labs Private Limited

December 31, 2009 Mobile Number Portability to Further Increase Competitive Intensity

December 31, 2009 ICRA assigns A1 rating to the short term borrowing programme of AMCL MachineryLimited; reaffirms the LA- and A1 ratings to the bank facilities

December 31, 2009 ICRA assigns LBB/A4 ratings to the bank facilities of Nathella Sampath Jewellery


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December 31, 2009 ICRA assigns LBB/A4 ratings to the bank facilities of Nathella Sampath JewelleryPrivate Limited

December 31, 2009 ICRA re-affirms LBB+/A4+ ratings assigned to the bank facilities of MYK SpinningIndustries Limited

December 31, 2009 ICRA re-affirms the LBBB-/A3 ratings assigned to the bank facilities of TurboventIndustries Private Limited

December 31, 2009 ICRA re-affirms the LBBB-/A3 ratings assigned to the bank facilities of ParasaktiCements Industries Limited

December 31, 2009 ICRA assigns LBB/A4 ratings to the bank limits of S.C. Chemicals

December 31, 2009 ICRA reaffirms ratings assigned to PTCs backed by loan of receivables from ICICIHome Finance Company Ltd. at LAAA(SO)

December 31, 2009 ICRA assigns LBB (stable) and A4 ratings to bank lines of K.K. Silk Mills Private Limited

December 31, 2009 ICRA revises the ratings for bank facilities of WS Industries (India) Limited, ratedamount enhanced

December 31, 2009 ICRA assigns highest ratings to debt instruments of ICICI Home Finance; reaffirmsexisting ratings

December 31, 2009 ICRA assigns LB-/A4 ratings to the bank facilities of Celebrity Fashions Limited

December 31, 2009 ICRA revises ratings assigned to the bank facilities of Solar Semiconductor PrivateLimited

December 31, 2009 ICRA reaffirms the MD rating assigned to the bond programme of HMT BearingsLimited

December 31, 2009 ICRA assigns conditional A1+(SO) rating to payouts backed by a micro-finance loanpool originated by Share Microfin Limited -Share Microfin Limited Loan Pool DirectAssignment -December 2009

December 31, 2009 ICRA retains the LA- and A2+ ratings for bank facilities of Rico Auto Industries Limited

December 31, 2009 ICRA reaffirms the LBBB+ and A2+ ratings for bank facilities of Aarti International

December 31, 2009 ICRA assigns LBBB- rating to bank facilities of Synergy Shakthi Renewable EnergyLimited

December 31, 2009 ICRA Assigns LBBB+ and A2+ ratings to bank facilities of MRC Transolutions PrivateLimited

December 31, 2009 ICRA assigns the A1+ rating to the enhanced Commercial Paper (CP) / Short termDebt (STD) programme of Manappuram General Finance & Leasing Limited

December 31, 2009 ICRA assigns A4 rating to Money Logix Securities Private Limited’s short term non fundbased bank lines

December 31, 2009 ICRA assigns LBBB- and A3 ratings to bank facilities of Futura Ceramics (P) Limited

December 30, 2009 ICRA assigns an LBBB- rating to the bank limits and NCD issued by Starlight SystemsPrivate Limited

December 30, 2009 ICRA downgrades the rating assigned to the bank limits of Oyster Medisafe Limited

December 30, 2009 ICRA assigns A1+ rating to the commercial paper programme of GIC Housing FinanceLimited

December 30, 2009 ICRA assigns mfAAA rating to DSP BlackRock Money Manager Fund

December 30, 2009 ICRA assigns LBBB- and A3 ratings to bank facilities of Megafine Pharma (P) Limited

December 30, 2009 ICRA reaffirms LAA/A1+ ratings for the enhanced bank facilities of MaharashtraSeamless Limited

December 30, 2009 ICRA assigns LBBB- / A3 ratings to the bank lines of Systematix Shares & Stocks(India) Limited

December 30, 2009 ICRA suspends the ratings for bank limits of J. Kumar Infraprojects Limited

December 30, 2009 ICRA reaffirms highest ratings to debt programmes of ICICI Bank Limited

December 30, 2009 ICRA reaffirms LA+ rating for the enhanced bank facilities of Feedbank VenturesPrivate Limited

December 30, 2009 ICRA assigns LB+ and A4 ratings to bank facilities of Cable Corporation of IndiaLimited

December 30, 2009 ICRA assigns LAA+ rating with a stable outlook to Long Term NCDs of SundaramFinance Limited; reaffirms ratings assigned earlier

December 30, 2009 ICRA assigns LB/A4 ratings to the bank lines of Ramoji Granite Limited

December 30, 2009 ICRA assigns LAA- to the Lower Tier II Bonds Programme of Yes Bank Limited

December 30, 2009 ICRA assigns LB+ and A4 ratings to the bank facilities of Malwa Industries Limited

December 30, 2009 ICRA assigns LBBB- and A3 ratings to bank facilities of Macro Polymers PrivateLimited

December 30, 2009 ICRA assigns LBBB-/ A3 ratings to bank facilities of Jayshree Chemicals Limited

December 30, 2009 ICRA assigns LA-(stable) rating to the bank facilities of University of Petroleum andEnergy Studies

December 30, 2009 ICRA revises long-term rating for bank facilities of NKG Infrastructure Limited, reaffirmsshort-term rating; rated amounts enhanced

December 30, 2009 ICRA withdraws ratings assigned to Senior PTC Series A1 backed by New CV loanreceivables originated by Reliance Capital Limited

December 30, 2009 ICRA withdraws ratings assigned to the Senior PTCs issued by ReceivablesSecuritisation Trust Series III

December 30, 2009 ICRA withdraws the rating for proposed bank facilities of Bright Outdoor Media Private


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December 30, 2009 ICRA withdraws the rating for proposed bank facilities of Bright Outdoor Media PrivateLimited

December 29, 2009 ICRA reaffirms the ratings assigned earlier to the various debt programmes of UnitedBank of India

December 29, 2009 ICRA assigns LBBB (stable)/A3+ ratings to the bank facilities of Kar Mobiles Limited

December 29, 2009 ICRA assigns LBBB (Stable) and A3+ ratings to the bank facilities of Shree AmbikaSugars Limited

December 29, 2009 ICRA assigns LBBB (Stable) and A3+ ratings to the bank facilities of Thiru ArooranSugars Limited

December 29, 2009 ICRA assigns LBBB (Stable) and A3+ ratings to the bank facilities of Terra EnergyLimited

December 29, 2009 ICRA suspends the rating for the medium term Non Convertible debenture programmeof Ramco Super Leathers Limited

December 29, 2009 ICRA assigns LAA rating with a stable outlook to Rs. 2310 million bank lines ofSundaram BNP Paribas Home Finance Limited; reaffirms ratings assigned earlier

December 29, 2009 ICRA assigns LA and A2+ ratings to bank facilities of Mahindra Navistar EnginesPrivate Limited

December 29, 2009 ICRA assigns A4 rating to the bank facilities of Hatimi Steels

December 29, 2009 ICRA re-affirms outstanding ratings on Edelweiss Capital Limited’s long term debtprogramme

December 29, 2009 ICRA assigns highest credit quality rating to ECL Finance Ltd’s enhanced short termdebt programme

December 29, 2009 ICRA assigns LBBB- (SO) and A3 (SO) ratings to bank facilities of Mecc Alte IndiaPrivate Limited

December 29, 2009 ICRA assigns A4 rating to bank facilities of Bharat Tissus Private Limited

December 24, 2009 ICRA reaffirms the LAA and A1+ ratings for the bank facilities of Metso and removesratings from watch; assigns negative outlook to long-term rating

December 24, 2009 ICRA assigns A1+ rating to the enhanced Short Term Debt programme of TraptiTrading & Investments Private Limited

December 24, 2009 ICRA reaffirms A3 rating to the bank facilities of Bhansali & Company

December 24, 2009 ICRA assigns LBBB (stable)/A3+ ratings to the bank facilities of Kar Mobiles Limited

December 24, 2009 ICRA assigns LBB and A4 ratings to the bank facilities of Agrawal Indotex Limited

December 24, 2009 ICRA assigns LB and A4 ratings to bank facilities of Ramkumar Mills Private Limited

December 24, 2009 ICRA reaffirms A1+ rating to Short Term Debt programme of TGS Investment & TradePrivate Limited

December 24, 2009 ICRA reaffirms A1+ rating to the Certificate of Deposits Programme of Bank of Bahrainand Kuwait B.S.C. (Indian Branches)

December 24, 2009 ICRA upgrades long term rating for enhanced bank facilities of KRBL Limited to LA+;reaffirms A1 rating for bank facilities

December 24, 2009 ICRA assigns LBBB and A3+ ratings to bank facilities of Anand Motor Products PrivateLimited

December 24, 2009 ICRA assigns LAA rating to NCD programme of Jindal Steel and Power Limited

December 24, 2009 ICRA revises the ratings for bank facilities of Sri Panchajanya Power Private Limited

December 24, 2009 ICRA revises the ratings for bank facilities of Suryachakra Power Corporation Limited

December 24, 2009 ICRA revises the ratings for bank facilities of South Asian Agro Industries Limited

December 24, 2009 ICRA revises the ratings for bank facilities of MSM Energy Limited

December 24, 2009 ICRA revises the ratings for bank facilities of Lahari Power & Steels Limited

December 24, 2009 ICRA reaffirms the LBBB- / A3 ratings for bank facilities of Pon Pure Chem (P) Ltd

December 24, 2009 ICRA assigns LBB+ / A4+ ratings to bank facilities of Color Chemicals

December 24, 2009 ICRA assigns LBB+ / A4+ ratings to bank facilities of Pure Chemicals Co

December 23, 2009 ICRA assigns LB+ rating to bank facilities of ETT Limited

December 23, 2009 ICRA assigns LBBB- and A3 ratings to bank facilities of Manjeet Cotton Private Limited

December 23, 2009 ICRA assigns LBBB- rating to the bank facilities of GMR Kamalanga Energy Limited

December 23, 2009 ICRA assigns LBBB- and A3 ratings to bank facilities of BVSR Constructions PrivateLimited

December 23, 2009 ICRA reaffirms the LBBB and A2 ratings for bank facilities of Oriental Carbon &Chemicals Limited

December 23, 2009 ICRA assigns LBB and A4 ratings to bank facilities of Western Refrigeration PrivateLimited

December 23, 2009 ICRA assigns A4 rating to the bank facilities of Vaghasiya Exports

December 23, 2009 ICRA assigns LBB+ and A4+ ratings to bank facilities of Shivam Iron & Steel CompanyLimited

December 23, 2009 ICRA assigns LBB and A4 ratings to bank facilities of Baid Texknit Private Limited

December 23, 2009 ICRA Assigns LB+ rating to bank facilities of York Calltech Private Limited

December 23, 2009 ICRA assigns LC and A4 ratings to bank facilities of Sumeet Exports

December 23, 2009 ICRA assigns LBBB- and A3 ratings to the bank facilities of Fritzmeier Motherson Cabin


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Engineering Limited

December 23, 2009 ICRA assigns LB and A4 ratings to bank facilities of Supriya Spinning Mills Limited

December 22, 2009 ICRA reaffirms LA+ and A1+ rating to the enhanced amount of term loans, bank linesand commercial programme of Shree Renuka Sugars Limited

December 22, 2009 ICRA assigns LBBB+/A2+ ratings to the bank lines of Sharp Menthol India Limited

December 22, 2009 ICRA revises the rating assigned to term loan and fund based/ non fund based limits ofISGEC HACO Metal Forming Machinery Private Limited

December 22, 2009 ICRA assigns LBBB- and A3 ratings to bank facilities of Saloni Jewellers Private Limited

December 22, 2009 ICRA reaffirms the LD rating for the Non Convertible Debenture Programme of UmangDairies Limited (erstwhile J.K. Dairy and Foods Limited)

December 22, 2009 ICRA assigns A4+ rating to enhanced bank facilities of Gopani Iron & Power (India)Private Limited

December 22, 2009 ICRA revises the rating assigned to the term loans and bank lines of GMR IndustriesLimited

December 21, 2009 ICRA reaffirms the LBBB+(SO) rating for the Bond Programmes of PunjabInfrastructure Development Board

December 21, 2009 ICRA reaffirms the A1+ rating for the CP/ short-term debt programme of HEG Limited

December 21, 2009 ICRA assigns LAA rating to the enhanced Non-Convertible Debenture programme ofMundra Port and Special Economic Zone Limited; rating under watch with developingimplications

December 21, 2009 ICRA reaffirms the LBB and A4 ratings for bank facilities of Rai Bahadur Narain SinghSugar Mills Limited

December 21, 2009 ICRA reaffirms LD rating assigned to Partially Convertible Debenture programme andNon Convertible Debenture of Pasupati Spinning and Weaving Mills Limited

December 21, 2009 ICRA assigns LBBB and A2 ratings to bank facilities of Pyramid Plastics

December 21, 2009 ICRA revises the ratings for bank facilities of Shemaroo Entertainment Private Limited

December 21, 2009 ICRA assigns LBBB- and A3 ratings to bank facilities of Mahindra Castings PrivateLimited; withdraws the ratings for bank facilities of Mahindra Hinoday Industries Limited

December 21, 2009 ICRA assigns LBBB- and A3 ratings to the bank facilities of Laxmi Civil EngineeringServices Private Limited (LCESPL)

December 18, 2009 ICRA reaffirms LA- rating for the bank limits of Great Eastern Energy CorporationLimited

December 18, 2009 ICRA upgrades the bank line rating of Vizag Seaport Private Limited

December 18, 2009 ICRA assigns LBB and A4 ratings to the bank facilities of Sri Venkatarama OilIndustries Limited

December 18, 2009 ICRA revises the ratings for bank facilities of Hikal Limited

December 18, 2009 ICRA assigns A3+ ratings to the bank limits of Bangalore Surgicals

December 18, 2009 ICRA reaffirms the LAA- and A1+ ratings for bank facilities; and A1+ rating forCommercial Paper/ Short Term Debt programme of Motherson Sumi Systems Limited

December 18, 2009 ICRA retains the Construction Grading of CR2+ assigned to B.G. Shirke ConstructionTechnologies Private Limited

December 17, 2009 3G Services Pose a Challenge for Indian Telecom Operators

December 17, 2009 ICRA assigns LA- and A1 ratings to bank facilities of Sigma Freudenberg NOK PrivateLimited

December 17, 2009 ICRA upgrades the short-term rating of Shree Renuka Sugars Limited from A1 to A1+and reaffirms the long term rating at LA+

December 17, 2009 ICRA assigns the A1 rating to the enhanced Short Term Debt/Commercial Paperprogramme of Tata Motors Finance Limited

December 17, 2009 ICRA assigns LBB rating to the term loans of NSL SEZ (Hyderabad) Private Limited

December 17, 2009 ICRA assigns LAA rating to the Innovative Perpetual Debt Instruments of IDBI Bank

December 17, 2009 ICRA reaffirms the LA- rating for bank facilities of ECIL-Rapiscan Limited

December 17, 2009 ICRA assigns A1+ rating to Karur Vysya Bank’s Rs. 10 billion certificate of depositsprogramme

December 16, 2009 ICRA reaffirms A1+ rating to Commercial Paper/Short-Term Debt Programme of HCLInfosystems Limited

December 16, 2009 ICRA reaffirms the LAA-/A1+ rating for bank facilities of Ashok Leyland Limited

December 16, 2009 ICRA reaffirms the LAA-/A1+ rating for bank facilities of Ashok Leyland Limited

December 16, 2009 ICRA upgrades the ratings for bank facilities of Delhi International Airport PrivateLimited; assigns stable outlook

December 16, 2009 ICRA assigns LBBB- and A3 rating to the bank facilities of Marpol Private Limited

December 16, 2009 ICRA assigns A4+ rating to bank facilities of R. Kantilal & Co

December 16, 2009 ICRA assigns LBBB+ rating to the bank facilities of Roots Corporation Limited

December 16, 2009 ICRA assigns LBB- rating to term loans of Samagra Sikshana Samithi Trust

December 16, 2009 ICRA reaffirms the LAA-/A1+ rating for bank facilities of Taj GVK Hotels & ResortsLimited for an enhanced amount

December 16, 2009 ICRA reaffirms the A1+ rating for Commercial Paper/ Short Term Debt Programme ofTransport Corporation of India Limited


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Transport Corporation of India Limited

December 16, 2009 ICRA reaffirms iAAA rating for claims paying ability of United India Insurance CompanyLimited

December 15, 2009 ICRA assigns LA- and A2+ ratings to the enhanced bank facilities of Tata AdvancedMaterials Limited

December 15, 2009 ICRA assigns LBBB and A3+ ratings to the bank facilities of Nile Limited

December 15, 2009 ICRA assigns LBBB- / A3 ratings to bank lines of Bestech India Private Limited

December 15, 2009 ICRA assigns conditional highest-credit-quality ratings to the Pass Through Certificatesbacked by car, commercial vehicle and construction equipment loan pool issued byILSS 5 Trust 2010

December 15, 2009 ICRA suspends the rating for bank facilities of Tanaaya Gems & Jewellery ExportsLimited

December 15, 2009 ICRA suspends the rating for bank facilities of Jaimin Jewellery Exports Private Limited

December 15, 2009 ICRA assigns LBBB- rating to bank facilities of BSC-C&C Kurali Toll Road Limited

December 14, 2009 ICRA assigns LBBB- and A3 ratings to bank facilities of Sevcon (India) Private Limited;assigns stable outlook

December 14, 2009 ICRA revises the long term rating and reaffirms short term rating for bank facilities ofRana Polycot Limited; assigns outlook

December 14, 2009 ICRA reaffirms LAAA ratings to Corporation Bank’s debt programmes

December 14, 2009 ICRA assigns LBB+ and A4+ ratings to bank facilities of Marudhar Industries Limited

December 14, 2009 ICRA Assigns LBB+ rating to bank facilities of ABW Infrastructure Limited

December 14, 2009 ICRA assigns LBB+ rating to bank facilities of Nikiyog Buildwell Private Limited

December 14, 2009 ICRA assigns LB+/A4 ratings to the bank facilities of Vishal Precision Steel Tubes &Strips Private Limited

December 14, 2009 ICRA places the Issuer rating of Feedback Ventures Private Limited on ‘Notice ofwithdrawal’

December 14, 2009 ICRA assigns LBBB- rating to banklines of Pune Kondhwa Realty Private Limited;assigns stable outlook

December 11, 2009 ICRA assigns LBB+ rating to the bank facilities of St. Sirdi Sai Education SocietyLimited

December 11, 2009 ICRA assigns LBBB- rating to bank facilities of Ajeet Seeds Limited

December 11, 2009 ICRA assigns LBBB / A3+ ratings to bank facilities of DEN Networks Limited

December 11, 2009 ICRA assigns LBBB- and A3 ratings to the bank facilities of Mangalam Alloys Limited

December 11, 2009 ICRA assigns a LB+ rating to the long term fund based limits of Little Bee Products

December 11, 2009 ICRA suspends the ratings for bank facilities of Indian Potash Limited

December 11, 2009 ICRA suspends the rating for bank facilities of Anand Silk Mills

December 10, 2009 ICRA release an Update on the Performance of MBS Pools

December 10, 2009 ICRA reaffirms the LAA/A1+ ratings of The Tata Power Company Limited; revisesoutlook to positive

December 10, 2009 ICRA revises the long term rating of Media Content and Communication Services IndiaLimited

December 10, 2009 ICRA assigns LBB and A4 ratings to bank facilities of Skyline Agro Private Limited

December 10, 2009 ICRA assigns conditional LAAA(SO) to the Purchaser Payouts backed by car,commercial vehicle and construction equipment loan pool originated by Reliance CapitalLimited

December 10, 2009 ICRA assigns high-credit-quality rating to Rs. 0.25 billion Subordinate NCD Programmeof Deutsche Postbank Home Finance Limited

December 10, 2009 ICRA revises the short term rating for the bank facilities of Gandhi Enterprises

December 10, 2009 ICRA assigns adequate-credit-quality rating to Rs. 10 billion (enhanced from Rs. 5billion) long term debt programme of Religare Finvest Limited

December 10, 2009 ICRA assigns LBBB- rating to bank facilities of Sai Silks (Kalamandir) Limited

December 10, 2009 ICRA assigns LA+/A1+ ratings to the bank facilities of Aptech Limited

December 9, 2009 Indian Shipping Companies: Navigating Choppy Seas

December 9, 2009 ICRA assigns LBBB- rating to bank facilities and MA- rating to FD Programme of IBN18 Broadcast Limited

December 9, 2009 ICRA assigns LAA rating to the enhanced bank facilities of Titan Industries Limited

December 9, 2009 ICRA upgrades ratings of PTC Tranches / Assignee Payouts backed by twocommercial vehicle loan pools originated by ICICI Bank Limited (IBL); reaffirms therating of assignee payouts backed by another pool originated by IBL

December 9, 2009 ICRA assigns LBB and A4 ratings to bank facilities of Gangamai Industries andConstructions Limited

December 8, 2009 ICRA assigns A1+ rating to the Rs 1.00 billion Commercial Paper programme of ShreeRenuka Sugars Limited

December 8, 2009 ICRA assigns highest credit quality ratings to Baroda Pioneer Public SectorUndertaking Bond Fund

December 8, 2009 ICRA assigns LBBB+ and A2+ ratings to bank facilities of Mazda Limited

December 8, 2009 ICRA withdraws rating assigned to the PTCs enlisted below, issued under ABSprogramme originated by ICICI Bank Limited.


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programme originated by ICICI Bank Limited.

December 8, 2009 ICRA withdraws rating assigned to the PTC Series B issued by Indian LoanSecuritisation Series 3 Trust 2008

December 8, 2009 ICRA withdraws rating assigned to the Purchaser Payouts under ABS programme ofCholamandalam DBS Finance Limited

December 8, 2009 ICRA assigns LB+ and A4 ratings to bank facilities of Rana Girders Limited

December 8, 2009 ICRA assigns A1+(s) to the CP programme (with standby facility from IDBI Bank) ofZuari Industries Limited

December 7, 2009 ICRA assigns LB rating to the bank facilities of BD & P Hotels (India) Private Limited

December 7, 2009 ICRA assigns LA- rating to the enhanced limits of Tata Metaliks Limited

December 7, 2009 ICRA assigns LBBB- and A3 ratings to the bank facilities of Khanna Industrial PipesPrivate Limited

December 7, 2009 ICRA assigns LBBB and A3+ ratings to the bank facilities of Quality Engineering andSoftware Technologies Private Limited

December 7, 2009 ICRA reaffirms MA- rating to Fixed Deposit Programme of The Delhi Safe DepositCompany Limited

December 7, 2009 ICRA reaffirms the LBBB- and A3 ratings to bank facilities of Action International

December 7, 2009 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of Kabeer Textiles PrivateLimited

December 7, 2009 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of Micro IndustrialCorporation

December 7, 2009 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of Mahan Plastics PrivateLimited

December 7, 2009 ICRA reaffirms the LBBB and A3+ ratings for bank facilities of Nikhil Footwears PrivateLimited

December 7, 2009 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of Nikhil International

December 7, 2009 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of Nikhil Udyog

December 7, 2009 ICRA reaffirms the LBBB- and A3 ratings for bank facilities of Sanchit Polymers

December 7, 2009 ICRA revises the ratings for bank facilities of Balaji Powertronics

December 7, 2009 ICRA reaffirms the LA- and A1 ratings for bank facilities of Maxpower Infosystems

December 7, 2009 ICRA reaffirms the LBBB+ and A2+ ratings for bank facilities of Microtek InternationalPrivate Limited

December 7, 2009 ICRA assigns A3 rating to bank facilities of Suncity Art Exporters

December 7, 2009 ICRA assigns LBB rating to bank facilities of Patwa Automotive Private Limited

December 7, 2009 ICRA reaffirms ratings to various debt programme of IL&FS Limited

December 7, 2009 ICRA Assigns Highest Credit Quality Rating to IL&FS Financial Services Limted’s ShortTerm debt Programme

December 4, 2009 ICRA assigns LBB+ rating to bank facilities of Iqu Power Company Private Limited

December 4, 2009 ICRA revises the rating assigned to term loans of L&T - Chennai Tada Tollway PrivateLimited

December 4, 2009 ICRA assigns LBBB- rating to bank facilities of Adani Agri Logistics Limited

December 4, 2009 ICRA assigns LBB rating to bank facilities of Kallam Agro Products & Oils (P) Limited

December 4, 2009 ICRA re-affirms the LA- and A1 ratings for bank facilities of Kalyani Hayes LemmerzLimited (erstwhile Kalyani Lemmerz Limited)

December 4, 2009 ICRA assigns LA rating to NCD programme of Country Club India Limited

December 4, 2009 ICRA assigns LBB+ and A4+ ratings to bank facilities of Chepar Plastics Private Limited

December 4, 2009 ICRA assigns LBB+ and A4+ ratings to bank facilities of Golden Tobacco Limited

December 4, 2009 ICRA assigns LBB rating to bank facilities of Paralam Global Private Limited

December 4, 2009 ICRA assigns LBBB- rating to bank facilities of Artefact Projects Limited

December 4, 2009 ICRA assigns LBB and A4 ratings to the bank facilities of Steamline Industries Limited

December 4, 2009 ICRA revises the ratings for bank facilities of GMR Power Corporation Limited, ratedamount enhanced

December 4, 2009 ICRA assigns a conditional LA+ (SO) rating to the proposed term loans of KarnatakaWater and Sanitation Pooled Fund

December 3, 2009 ICRA assigns LBBB-/A3 ratings to bank lines of JSK Hotels Private Limited

December 3, 2009 ICRA assigns LBBB and A3 ratings to bank facilities of Space Matrix Limited

December 3, 2009 ICRA assigns A3 rating to the enhanced bank limits of Tanna Agro Impex PrivateLimited

December 3, 2009 ICRA revises the ratings outstanding against the bank facilities of Easun ReyrolleLimited

December 2, 2009 ICRA reaffirms LAA and A1+ ratings outstanding against the bank facilities ofMaharashtra Seamless Limited (MSL); assigns stable outlook

December 2, 2009 ICRA has reaffirmed the LAA+ & A1+ ratings of Mahindra & Mahindra Limited

December 2, 2009 ICRA reaffirms the A3 rating assigned to the fund based facilities of DharmanandanDiamond Private Limited

December 2, 2009 ICRA revises the rating outstanding against the bank facilities of Quintegra Solutions


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December 2, 2009 ICRA revises the rating outstanding against the bank facilities of Quintegra SolutionsLimited

December 2, 2009 ICRA assigns LA+ (SO) and A1+ (SO) ratings to the bank facilities of IsolloydEngineering Technologies Limited

December 2, 2009 ICRA reaffirms the LBBB- and A3 ratings outstanding against the bank facilities of VSLignite Power Private Limited

December 2, 2009 ICRA re-affirms LA- and A2+ ratings to the bank facilities of Greenply IndustriesLimited; Rating amount enhanced

December 2, 2009 ICRA Assigns High Credit Quality Rating to Edelweiss Capital Limited Long Term NonPrincipal Protected Equity Liked Debenture programme

December 2, 2009 ICRA assigns LA+ to the Hybrid Tier I Bonds Programme of Yes Bank Limited

December 2, 2009 ICRA revises the long-term rating outstanding against the bank facilities of RelianceTelecom Limited from LAAA to LAA+; reaffirms the short-term rating at A1+

December 2, 2009 ICRA assigns LBB+ and A4+ rating to the bank facilities of Krishnaveni Sugars Limited

December 1, 2009 ICRA assigns LBBB+ and A2+ ratings to the bank facilities of Omnitech InfoSolutionsLimited

December 1, 2009 ICRA assigns LBB and A4 ratings to the bank facilities of M/s Marudhar Fashions

December 1, 2009 ICRA reaffirms A2+ rating assigned to Rs. 500 million Commercial Paper/Short termDebt Programme of Bengal Ambuja Housing Development Limited

December 1, 2009 ICRA revises the ratings outstanding against the bank facilities of Teledata MarineSolutions Limited

December 1, 2009 ICRA revises the ratings outstanding against the bank facilities of Teledata InformaticsLimited

December 1, 2009 ICRA upgrades bank loan ratings of Share Microfin Limited to LBBB+/A2+

December 1, 2009 ICRA upgrades the short term rating and assigns LA rating to the bank lines of OilCountry Tubular Limited

December 1, 2009 ICRA suspends the rating of LD assigned to the Partially Convertible DebentureProgramme of SB Petroleum (Port Terminals) Limited

December 1, 2009 ICRA assigns LAA+(SO) and LAA to bank lines of Thermax Engineering ConstructionCompany Limited

December 1, 2009 ICRA assigns LBB+ and A4+ ratings to the bank facilities of Bharat Rail AutomationsPrivate Limited (BRAPL)

December 1, 2009 ICRA upgrades long term ratings of Central Bank of India

December 1, 2009 ICRA upgrades the ratings assigned to the bank facilities of Hyderabad IndustriesLimited; assigns LA / A1+ ratings to the NCD and CP programme respectively

December 1, 2009 ICRA reaffirms the LAA rating assigned to the Rs. 2.75 billion Tier II bond programmeof UCO Bank; assigns positive outlook to the rating.

November 30, 2009 ICRA revises the ratings assigned to the bank facilities of Chennai Container TerminalPrivate Limited; places ratings on watch with negative implications

November 30, 2009 ICRA revises the ratings assigned to the bank facilities of Nhava Sheva InternationalContainer Terminal Private Limited; places ratings on watch with negative implications

November 30, 2009 ICRA assigns LA (SO) and A2 ratings to the bank facilities of Mundra InternationalContainer Terminal Private Limited; places the ratings on watch with negativeimplications

November 30, 2009 ICRA assigns LAA rating to Rs. 10 billion NCD programme and Rs. 5 billion bank loansof Kotak Mahindra Prime Limited; reaffirms ratings assigned earlier

November 30, 2009 ICRA assigns LBB / A4 ratings to the bank facilities of Stanpacks (india) Limited

November 30, 2009 ICRA reaffirms the LBBB- and A3 ratings outstanding against the bank facilities of SriVishnu Shankar Mill Limited, and assigns LBBB- and A3 ratings to the enhanced bankfacilities

November 30, 2009 ICRA assigns LAA/A1+ ratings to the Non-Convertible Debenture/ Commercial Paperprogramme of Mundra Port and Special Economic Zone Limited; ratings under watchwith developing implications

November 30, 2009 ICRA assigns A3 rating to the enhanced non fund based bank limits of Jaguar OverseasLimited

November 30, 2009 ICRA assigns LBBB rating to bank lines of Vijay Nirman Company Private Limited

November 30, 2009 ICRA reaffirms mfAAA rating to DSP BlackRock Strategic Bond Fund

November 27, 2009 INDIAN HOTELS INDUSTRY: Economic slowdown hits profitability

November 27, 2009 ICRA signs MoU for rating MSME clients of PNB

November 27, 2009 ICRA signs MoU for rating MSME clients of State Bank of Hyderabad

November 27, 2009 ICRA assigns highest-credit-quality rating to the Rs. 150 billion certificate of depositprogramme of State Bank of Patiala

November 27, 2009 ICRA withdraws “A1+” rating assigned to the Certificate of Deposits Programme ofChinatrust Commercial Bank, New Delhi Branch

November 27, 2009 ICRA assigns LBB+ rating to the term loan of T A Pai Management Institute

November 27, 2009 ICRA reaffirms the LA+ and A1+ ratings outstanding against the bank facilities ofUshodaya Enterprises Private Limited

November 27, 2009 ICRA assigns LA- and A2+ ratings to the bank facilities of Tata Advanced MaterialsLimited


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November 26, 2009 ICRA assigns LBBB-/ A3 rating to the bank facilities of JBM Auto Limited

November 26, 2009 ICRA assigns LBB+/ A4+ rating to the bank facilities of JBM MA Automotive PrivateLimited

November 26, 2009 ICRA assigns LBBB- and A3 rating to Bank Limits of Sai Regency Power CorporationLimited (SRPCL)

November 26, 2009 ICRA assigns LBB-/A4 to bank limits of Navya Industries Private Limited

November 26, 2009 ICRA reaffirms LBBB-/ A3 ratings to the bank limits of Thanjavur Spinning Mill Limited

November 26, 2009 ICRA reaffirms LBBB-/ A3 ratings to the bank limits of Sandhya Spinning Mill Limited

November 26, 2009 ICRA reaffirms a rating of LBBB+ and A2+ to the Basel II lines of Relaxo FootwearLimited

November 26, 2009 ICRA withdraws the rating for the Commercial Paper Programme of Machino PolymersLimited

November 26, 2009 ICRA assigns LBB+/A4+ rating to the bank credit lines of Shyam Industries

November 26, 2009 ICRA assigns LBB- and A4 rating to the bank limits of Tex-Styles International PrivateLimited

November 26, 2009 ICRA assigns LBBB- and A3 ratings to the bank limits of Vinayak Steels Limited

November 26, 2009 ICRA assigns LBBB-(SO) rating to the bank limits of MCS Constructions Private Limited

November 26, 2009 ICRA assigns an A4 rating to the bank limits of Oopal Diamond

November 25, 2009 ICRA reaffirms mfA1+ratings to the debt schemes of SBI Funds Management PrivateLimited

November 25, 2009 ICRA reaffirms mfAAA (SO) to SBI Capital Protection Oriented Fund – Series I

November 25, 2009 ICRA reaffirms highest credit quality rating to debt schemes of Mirae Asset Mutual Fund

November 25, 2009 ICRA reaffirms ratings assigned to schemes of Kotak Mahindra Mutual fund

November 25, 2009 ICRA Assigns LBB+ rating to bank limits of Dass Electric Trading Company PrivateLimited

November 25, 2009 ICRA assigns LBB-/A4 ratings to the bank limits of Asaco Private Limited

November 25, 2009 ICRA assigns IPO Grade 4 to the proposed IPO of Godrej Properties Limited

November 25, 2009 ICRA assigns A4+ rating to the bank limits of Osia Gems Private Limited

November 25, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of Kotak Urja Private Limited

November 25, 2009 ICRA reaffirms highest credit quality rating to AIG Short Term Fund

November 25, 2009 ICRA assigns A2 and LBBB+ rating to the bank limits of Camphor and Allied ProductsLimited

November 25, 2009 ICRA has reaffirmed the LBBB (L triple B) rating assigned to the Rs. 5.40 billion longterm loans of Offbeat Developers Private Limited (ODPL)

November 25, 2009 ICRA re-affirms the LAA/A1+ ratings of Tata Tea Limited

November 24, 2009 ICRA revises the assigned rating of LA-/A1 ratings (earlier on the rating watch withdeveloping implications) to LBBB- (with negative outlook)/A3 to the bank limits of CMSComputers Limited

November 24, 2009 ICRA’s first-ever rating in overseas marketNepal Investment Bank Limited rated [Nepal] A

November 24, 2009 ICRA assigns LBB+ rating to the bank lines of Shrinet and Shandilya ConstructionPrivate Limited

November 24, 2009 ICRA assigns LBB and A4 ratings to the bank lines of Hindprakash Tradelink PrivateLimited (HTPL)

November 24, 2009 ICRA downgrades the long-term rating of Uniword Telecom Limited to LC; reaffirms theshort-term rating of A4

November 24, 2009 ICRA assigns LBB+/A4+ rating to bank limits of Venkateswara Wires Private Limited

November 24, 2009 ICRA assigns LBB rating to the bank limits of Auto Carriage Private Limited

November 24, 2009 ICRA Assigns High Credit Quality Rating to Edelweiss Capital Ltd’s Long Term NonPrincipal Protected Equity Liked Debenture programme

November 24, 2009 ICRA assigns LBB+ to the bank lines of Frostees Export (India) Private Limited

November 24, 2009 ICRA assigns LA (SO), A1 (SO) and A2+ (SO) ratings to the bank lines of ForbesTechnosys Limited

November 24, 2009 ICRA revises the ratings assigned to the bank limits of Impact Safety Glass Works Pvt.Ltd.

November 24, 2009 ICRA upgrades the ratings of Kudos Chemie Limited

November 24, 2009 ICRA reaffirms ratings of Kotak Mahindra Bank Limited

November 24, 2009 ICRA reaffirms LAA / A1+ ratings for various debt programme of Kotak SecuritiesLimited

November 24, 2009 ICRA reaffirms LAA- / A1+ ratings for various debt programme of Kotak MahindraInvestment Limited

November 24, 2009 ICRA assigns a rating of LBB+ and A4+ to the Basel II lines of Paltech Cooling Towersand Equipments Limited

November 24, 2009 ICRA Assigns LBBB- rating to the bank lines of SSTA Logistics (India) Private Limited

November 24, 2009 ICRA upgrades ratings assigned to the enhanced bank lines of Samalpatti PowerCorporation Private Limited to LA / A1


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Corporation Private Limited to LA / A1

November 24, 2009 ICRA assigns LBB ratings to the bank lines of Vardhman Agencies Private Limited(VAPL)

November 23, 2009 ICRA reaffirms the MA– rating to the Fixed Deposit Programme and LBBB rating to thebank lines of SE Investments Limited, withdraws rating assigned earlier to the NCDProgramme

November 23, 2009 ICRA assigns LB-/A4 rating to the bank lines of India Denim Limited

November 23, 2009 ICRA reaffirms LBBB / A2 ratings assigned to bank lines of MBL Infrastructures Limited

November 23, 2009 ICRA reaffirms A3 rating to the bank limits of Tanna Agro Impex Private Limited

November 20, 2009 ICRA revises the issuer rating assigned to The Shipping Corporation of India

November 20, 2009 ICRA re-affirms LAA+ and A1+ ratings to the bank lines of Thermax Limited

November 20, 2009 ICRA Revises the Long Term rating of Tamil Nadu Newsprint and Papers Limited

November 20, 2009 ICRA assigns LBB/A4 ratings to the bank lines of Diamond Industries (Ship BreakingDivision).

November 20, 2009 ICRA reaffirms highest credit quality ratings to debt programmes of Bank of Baroda

November 20, 2009 ICRA reaffirms highest credit quality ratings to debt programmes of Bank of Baroda

November 20, 2009 ICRA removes rating of Nehru Place Hotels Limited from watch, re-affirms LA- rating forits bank lines

November 20, 2009 ICRA removes rating of Hotel Excelsior from watch, re-affirms LA- rating for its banklines

November 19, 2009 Brokerage Houses: Performance Update - Profitability improves aided by revival incapital market sentiments; implications of proposed structural changes yet to be seen

November 19, 2009 ICRA releases an update on the performance of ABS pools

November 19, 2009 ICRA assigns LBB+ rating to the bank lines of Kimaya Fashions Private Limted

November 19, 2009 ICRA assigns LBBB- and A3 rating to bank lines of Kajaria Ceramics Limited

November 19, 2009 ICRA assigns LBBB rating to bank lines of Dilip Buildcon Private Limited

November 19, 2009 ICRA suspends the rating of LD assigned to the debt instruments of ParasrampuriaSynthetics Limited

November 19, 2009 ICRA downgrades the ratings assigned to the bank lines and CP programme of TanfacIndustries to LBBB+/A2+

November 18, 2009 ICRA assigns provisional LA+(SO) rating to the Rs. 1 billion bond programme of KSFC

November 18, 2009 Impact of Increased Competition on Mobile Service Industry

November 18, 2009 ICRA assigns LBB+/ A4+ to the bank lines of Mithra Agencies

November 18, 2009 ICRA assigns LB/A4 rating to the bank lines of Casil Industries Limited

November 18, 2009 ICRA assigns LBB rating to the term loan of Sofed Retailer Private Limited

November 18, 2009 ICRA assigns LBBB-/A3 ratings to the bank lines of Sungro Seeds Limited

November 18, 2009 ICRA assigns LBB/ A4 rating to the bank lines of Sanaa Syntex Private Limited

November 18, 2009 ICRA assigns A1+ rating to the enhanced CP / STD Programme and LAA- rating (withStable Outlook) to the NCD Programme of Telco Construction Equipment CompanyLimited

November 18, 2009 ICRA assigns A1+ rating to enhanced CP limits of L&T Komatsu Limited

November 18, 2009 ICRA assigns LBBB/A3+ ratings to the bank lines of G R Thanga Maligai (Firm)

November 18, 2009 ICRA assigns LBBB/A3+ ratings to the bank lines of G R Thanga Maligai and Sons

November 18, 2009 ICRA assigns LBBB/A3+ ratings to the bank lines of G R Thanga Maligai JewellersPrivate Limited

November 18, 2009 ICRA assigns LBBB/A3+ ratings to the bank lines of G R Thanga Maligai

November 18, 2009 ICRA reaffirms LA+ and A1 ratings of ICSA (India) Limited for an enhanced amount

November 17, 2009 ICRA revises long term rating of Reliance Communications Limited; re-affirmsshort-term rating

November 17, 2009 ICRA assigns LBB+/A4+ rating to the bank lines of Mehta & Associates Fire ProtectionSystems Private Limited

November 17, 2009 ICRA assigns LBBB-/A3 to bank limits of Troikaa Pharmaceuticals Limited

November 17, 2009 ICRA assigns LBB+/A4+ rating to the bank lines of Sara Exports Limited

November 17, 2009 ICRA reaffirms highest credit quality ratings to Principal Mutual Funds debt schemes

November 17, 2009 ICRA withdraws rating assigned to the Purchaser Payouts backed by a pool ofreceivables originated by Tata Motors Limited

November 17, 2009 ICRA revises the ratings assigned to the bank lines of Rathi Steel and Power Limited(erstwhile Rathi Udyog Limited)

November 16, 2009 ICRA Signs Credit Rating JV Agreement in Nepal

November 16, 2009 ICRA assigns a rating of LBB- to the Basel II lines of Shri Hiranyakeshi SahakariSakkare Karkhane Niyamit

November 16, 2009 ICRA retains A4 rating to bank facilities of Dilshad Trading Company Private Limited

November 16, 2009 ICRA assigns LBB rating to the bank limits of Magnum Steels

November 16, 2009 ICRA assigns LBBB / A3+ ratings to the bank lines of K.H. Shoes Private Limited

November 16, 2009 ICRA assigns an A4+ rating to Rs. 540 million fund based limits of D. Nitin & Co.


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November 16, 2009 ICRA assigns LBBB- rating to bank limits of Sharda Maa Enterprises Private Limited

November 16, 2009 ICRA assigns an Issuer rating of IrA- to West Bengal State Electricity DistributionCompany Limited

November 14, 2009 ICRA assigns LBB+/A4+ ratings to the bank limits of SNC Power Corporation (P)Limited

November 14, 2009 ICRA upgrades the long term rating of International Tractors Limited from LA+ to LAA-

November 14, 2009 ICRA assigns LBB- rating to the bank limits of Dreamz Achievers India Private Limited

November 14, 2009 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisationprogrammes of ICICI Bank Limited.

November 14, 2009 ICRA assigns LBB+ rating to the term loans of Empee Sugars and Chemicals Limited(ESCL)

November 14, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of Matrix Clothing Private Limited

November 14, 2009 ICRA reaffirms LA-/A1 rating to the bank facilities of Bharat Seats Limited

November 14, 2009 ICRA Assigns High Credit Quality Rating to Edelweiss Capital Limited’s Long Term NonPrincipal Protected Equity Liked Debenture programme

November 14, 2009 ICRA reaffirms LBBB- and A3 ratings to the bank limits of Rajapalayam Mills Limited

November 14, 2009 ICRA assigns LAA+ rating to the Rs. 5 billion Non Convertible Debenture Programmeand A1+ rating to enhanced Short Term Debt programme and re-affirms outstandingratings of Tata Capital Limited

November 14, 2009 ICRA assigns LAA rating to the Upper Tier II bonds and A1+ to the enhancedCertificate of Deposits Programme of IDBI Bank

November 12, 2009 ICRA assigns conditional A1+(SO) ratings to the PTCs under loan securitisationprogramme of ICICI Bank Limited - TIL Loan Securitisation Trust Series 76

November 12, 2009 ICRA Assigns Highest Credit Quality Rating to STCI Primary Dealer Limited’s EnhancedShort Term Debt Programme

November 12, 2009 ICRA assigns LBB+ / A4+ rating to the bank limits of Gopani Iron & Power (India)Private Limited

November 12, 2009 ICRA reaffirms its LBBB/ A3+ ratings for Keventer Agro Limited

November 12, 2009 ICRA assigns LBB/A4 ratings to the bank lines of Hari Tag Exports Private Limited

November 12, 2009 ICRA re-affirms the LAA/ A1+ ratings of Tata Refractories Limited

November 11, 2009 ICRA reaffirms LAAA (SO) ratings of 8 PTC tranches / assignee payouts anddowngrades the rating of 1 PTC tranche backed by Personal Loan and Small TicketPersonal Loan receivable pools originated by ICICI Bank Limited (IBL)

November 11, 2009 ICRA assigns LBBB+/ A2 ratings to the bank limits of Bommidala Brothers

November 11, 2009 ICRA assigns LBBB+/ A2 ratings to the bank limits of Bommidala Enterprises PrivateLimited

November 11, 2009 ICRA assigns LBBB- rating to the term loan programme of Meredian Shipping AgencyPrivate Limited

November 11, 2009 ICRA reaffirms LBBB-/A3 ratings assigned to bank lines of NCL Industries Limited

November 11, 2009 ICRA assigns LBBB+/ A2 ratings to the bank limits of Premier Tobacco Packers PrivateLimited

November 11, 2009 ICRA assigns LB+ rating to the bank lines of Pranjal Infrastructure Private Limited

November 11, 2009 ICRA reaffirms LA-/A1 ratings for the bank facilities of RFCL Limited

November 11, 2009 ICRA assigns LA-/A1 ratings to the bank facilities of Vetnex Animal Health Limited;ratings under watch with developing implications

November 11, 2009 ICRA places LAA/ A1+ ratings of Metso Minerals (India) Private Limited on rating watchwith negative implications

November 11, 2009 ICRA assigns conditional highest-credit-quality ratings to the Pass Through Certificatesbacked by car, commercial vehicle and construction equipment loan pool originated byReliance Capital Limited

November 10, 2009 ICRA reaffirms LBBB- and A3 ratings to the bank limits of The Ramaraju SurgicalCotton Mills Limited

November 10, 2009 ICRA revises the long term rating assigned to the debt programme of ChennaiContainer Terminal Private Limited; negative outlook retained

November 10, 2009 ICRA re-affirms various ratings of Intime Spectrum Securities Limited

November 10, 2009 ICRA assigns LBBB- rating to the bank lines of Kalyan Toll Infrastructure Limited

November 10, 2009 ICRA assigns highest-credit-quality rating to the enhanced commercial paper/Shortterm debt programme of National Housing Bank

November 10, 2009 ICRA revises the long term rating assigned to the debt programme of Nhava ShevaInternational Container Terminal Private Limited; negative outlook retained

November 10, 2009 ICRA assigns LBBB-/ A3 ratings to bank limits of NSSL Limited

November 10, 2009 ICRA assigns LA- rating to the term loan limits of Phoenix Mills Limited

November 10, 2009 ICRA assigns LBBB- and A3 ratings to the bank limits of Coastal Energy Private Limited

November 10, 2009 ICRA assigns LBB rating to the bank facilities of Poddar Business Private Limited

November 10, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of Aerostar Helmets Limited

November 10, 2009 ICRA reaffirms LAAA & A1+ ratings for Tata Sons Limited

November 10, 2009 ICRA places ratings of Zee News Limited on rating watch with developing implications


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November 10, 2009 ICRA places ratings of Zee News Limited on rating watch with developing implications

November 9, 2009 Indian Upstream Sector: Growth Prospects Favourable Even As RegulatoryUncertainties Remain

November 9, 2009 ICRA upgrades the ratings assigned to Nahar Industrial Enterprise Limited’s bank lines

November 9, 2009 ICRA downgrades the ratings assigned to the bank limits of Jay Polychem (India)Limited to LBB/A4

November 9, 2009 ICRA reaffirms bank line/ CP ratings of Wheels India Limited

November 9, 2009 ICRA reaffirms LAA-, MAA- and A1+ ratings to debt programmes of Dalmia Cement(Bharat) Limited

November 9, 2009 ICRA assigns LBB-/A4 rating to the bank credit lines of Sakku Spinning Mills Limited

November 9, 2009 ICRA reaffirms LA- rating to the fund based limits and A1 rating to non fund based limitsof Hindusthan Vidyut Products Limited

November 6, 2009 ICRA upgrades the ratings on Reliance Floating Rate Fund; reaffirms highest creditquality rating to other schemes of Reliance Mutual fund

November 6, 2009 ICRA assigns LBB+ rating to the bank limits of Ramprastha Promoters & DevelopersPrivate Limited

November 6, 2009 ICRA assigns LBBB- rating to the term loans of Ajnara Farms and Services Limited

November 6, 2009 ICRA assigns conditional A1+(SO) ratings to the PTCs under loan securitisationprogramme of ICICI Bank Limited - CPCL Loan Securitisation Trust Series 72

November 6, 2009 ICRA assigns LBBB- rating to the bank lines of Varahi Diamonds and Finance Limited

November 6, 2009 ICRA reaffirms highest credit quality rating to schemes of CANARA ROBECO MutualFund

November 6, 2009 ICRA assigns LBBB/A3+ ratings to the bank lines of Rama Panels Private Limited

November 6, 2009 ICRA assigns LBBB- ratings to bank lines of Apollo Hospital International Limited

November 6, 2009 ICRA assigns LAAA rating to the Long Term Bond Programme and A1+ rating to theShort Term Debt/Commercial Paper of ONGC Videsh Limited

November 5, 2009 ICRA places the ratings assigned to Mundra Port and Special Economic Zone Limitedon rating watch with developing implications

November 5, 2009 ICRA assigns LBB rating to the Bank lines of Idupulapadu Cotton Mills Limited

November 5, 2009 ICRA assigns LBB+ rating to the Bank lines of Bhagwati Power & Steel Limited

November 5, 2009 ICRA reaffirms highest-credit-quality ratings assigned earlier to the outstandingsubordinated debt programme of SBI Cards and Payment Services Limited

November 5, 2009 ICRA reaffirms LBB and A4 ratings to the bank limits of Prasuna Vamsikrishna SpinningMills Private Limited

November 5, 2009 ICRA assigns LBBB / A3+ ratings to the bank lines of Rabia Leather Industries PrivateLimited

November 5, 2009 ICRA assigns A3+ ratings to the bank lines of K.H. Arind Private Limited

November 5, 2009 ICRA assigns A3+ ratings to the bank lines of M.A. Khizar Hussain & Sons

November 5, 2009 ICRA assigns LBB+ / A4+ ratings to the bank lines of Balaji Agro Oils Limited

November 5, 2009 ICRA assigns the ratings at LBBB on the bank lines of Western Region Transmission(Gujarat) Private Limited

November 5, 2009 ICRA assigns the ratings at LBBB on the bank lines of Western Region Transmission(Maharashtra) Private Limited

November 4, 2009 ICRA upgrades Indian Bank’s Lower Tier II bond rating to LAA+ with a positive outlookfrom LAA

November 4, 2009 ICRA assigns LB+/A4 ratings to the bank lines of Pioneer Distilleries Limited

November 4, 2009 ICRA reaffirms LBBB+/A2+ rating to the bank facilities of Lumax Industries Limited

November 4, 2009 ICRA re-affirms LAA rating for enhanced bank lines of Jindal Power Limited; assignsA1+ rating to its short-term bank limits

November 4, 2009 ICRA re-affirms Jindal Steel and Power Limited (JSPL)’s ratings; assigns ratings toenhanced amounts

November 4, 2009 ICRA assigns LBB+/A4+ rating to the bank lines of Religare Aviation Limited

November 4, 2009 ICRA assign LBBB-/A3 ratings to Basel – II bank lines of Dimensional Securities PrivateLimited

November 4, 2009 ICRA assigns LAA- rating to long term bank loans and A1+ to short term bank loans ofNational Cooperative Development Corporation

November 4, 2009 ICRA keeps the ratings outstanding on KEC International Limited under Rating watchwith developing implications

November 4, 2009 ICRA assigns LBBB+/A2+ to the bank limits of Vuppalamritha Magnetic ComponentsLimited

November 3, 2009 ICRA assigns LBBB-/ A3 ratings to the bank limits of Dynamic Techno Medicals PrivateLimited

November 3, 2009 ICRA assigns LB and A4 ratings to the bank limits of Tirupathi Yarntex Spinners PrivateLimited

November 3, 2009 ICRA assigns LBBB- / A3 rating to the bank facilities of Vidya Wires Private Limited

November 3, 2009 ICRA assigns an Issuer Rating of IrBBB- to Ulhasnagar Municipal Corporation

November 3, 2009 ICRA assigns LBBB and A2 ratings to the bank lines and A2 rating to the CommercialPaper programme of Gokul Refoils & Solvents Limited (GRSL)


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Paper programme of Gokul Refoils & Solvents Limited (GRSL)

October 31, 2009 ICRA Limited: Unaudited Financial Results for the Second Quarter and the Half Yearended September 30, 2009

October 30, 2009 ICRA reaffirms the highest-credit-quality rating assigned to Commercial Paper/ ShortTerm Debt of National Housing Bank

October 30, 2009 ICRA assigns LB+/A4 rating to the bank credit lines of Shiva Speciality Yarns Limited

October 30, 2009 ICRA assigns LBBB-/A3 to bank limits of Duplex Wires Private Limited

October 30, 2009 ICRA assigns LBB/A4 rating to the bank lines of Maliwal Impex Private Limited

October 30, 2009 ICRA assigns LBB+ rating to the bank lines of Island Star Mall Developers PrivateLimited (ISMD)

October 30, 2009 ICRA assigns LB/A4 rating to the bank limits of Conros Steels Private Limited

October 30, 2009 ICRA assigns conditional A1+(SO) ratings to the PTCs under loan securitisationprogramme of Axis Bank - Corporate Debt Trust 2009-10 Series 4


October 30, 2009 ICRA assigns LBBB-/ A3 rating to the bank facilities of Thai Summit Neel Auto PrivateLimited

October 30, 2009 ICRA assigns LBB rating to the bank lines of Netalkar Power Transmission

October 30, 2009 ICRA reaffirms ratings of schemes of Tata Mutual Fund

October 30, 2009 ICRA reaffirms highest credit quality ratings to schemes of HDFC Mutual fund

October 30, 2009 ICRA assigns LBB+/A4+ ratings to the bank limits of Anupama Steels Limited

October 30, 2009 ICRA assigns LBBB+/A2+ ratings to the bank limits of BLA Industries Private Limited

October 30, 2009 ICRA assigns LBB+/A4+ ratings to the bank limits of Metal Ore

October 30, 2009 ICRA assigns LAAA ratings to Rs. 5 billion Long-term Bonds Programme of NCRPlanning Board, reaffirms the ratings assigned earlier

October 30, 2009 ICRA assigns LBB/A4 ratings to the bank lines of Stanley Lifestyles Limited

October 29, 2009 ICRA assigns LBB- rating to the bank lines of ABS Mercantile Private Limited

October 29, 2009 ICRA assigns LBB+/A4+ rating to the bank lines of Next Wave India

October 29, 2009 ICRA assigns A1+ rating to the enhanced short term bank lines of SBI Mutual Fund

October 29, 2009 ICRA re-affirms the rating to the bank lines of Sri Dhanalakshmi Cotton & Rice MillsPrivate Limited

October 29, 2009 ICRA assigns an LBB and A4 rating to the bank lines of Devu Tools Private Limited

October 29, 2009 ICRA upgrades the ratings assigned to the bank lines of PMC Rubber Chemicals IndiaPrivate Limited

October 29, 2009 ICRA Revises ratings for bank lines of Gemini Communication Limited

October 29, 2009 ICRA assigns LA-(SO) and A2+(SO) ratings to the bank lines of Sterling Projects andEngineering Limited

October 29, 2009 ICRA upgrades the long term debt ratings of Union Bank of India

October 29, 2009 ICRA assigns LBBB-/A3 rating to bank limits of Unique Structures and Towers Limited

October 29, 2009 ICRA assigns A4+ rating to the bank facilities of Chamong Tee Exports (P) Limited

October 29, 2009 ICRA assigns LAA+ rating to Lupin Limited

October 29, 2009 ICRA withdraws rating assigned to the Fixed Deposit Programme of Rane MadrasLimited

October 29, 2009 ICRA assigns LBB rating to proposed term loans of Wave Silver Tower Private Limited

October 29, 2009 ICRA assigns LBBB-/A3 ratings to the bank limits of STEER Engineering Private Limited

October 28, 2009 Upgrades escalate in H1, 2009-10; number of downgrades still high

October 28, 2009 ICRA reaffirms all outstanding ratings of Indian Overseas Bank

October 28, 2009 ICRA reaffirms highest credit quality rating on Reliance Capital Limited’s Short TermDebt Programme

October 28, 2009 ICRA reaffirms ratings assigned to the debt facilities of Jaiprakash Associates Limited

October 28, 2009 ICRA assigns LBB rating to bank lines of Bhavya Constructions Private Limited

October 28, 2009 ICRA revises the rating for the Bond Programme of Maharashtra State Electricity Board

October 28, 2009 ICRA assigns LBB rating to the bank limits of Mukesh Industries Limited

October 28, 2009 ICRA upgrades the rating for fund based limits to LBBB+ and reaffirms the A2 ratingassigned to non fund based limits of Orient Ceramics & Industries Limited

October 28, 2009 ICRA assigns LBBB rating to the bank lines of Munjal Kiriu Industries Private Limited

October 28, 2009 ICRA assigns LBB+/A4+ rating to the bank limits of Anmol Steel Processors PrivateLimited

October 28, 2009 ICRA reaffirms LBBB and A3+ rating to debt programmes of Somany Ceramics Limited

October 27, 2009 ICRA assigns LAA rating to Jindal Steel & Power Limited’s NCD Programme

October 27, 2009 ICRA upgrades ratings of various debt programmes of Axis Bank

October 27, 2009 ICRA assigns A4+ rating to bank limits of S.B. & T. Designs Limited

October 27, 2009 ICRA assigns LA+/A1+ rating to the bank limits of Mahindra Logistics Limited

October 27, 2009 ICRA revises the rating assigned to the bank lines of Laxmi Diamond Private Limited


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October 27, 2009 ICRA assigns LA-/A2+ rating to the bank limits of CTR Manufacturing Industries Limited

October 26, 2009 ICRA assigns IPO Grade 2 to the proposed IPO of MBL Infrastructures Limited

October 26, 2009 ICRA assigns LBB/A4 ratings to the bank limits of Jhunjhunwala Oil Mills Limited

October 26, 2009 ICRA upgrades the long term and short term ratings on the bank lines of VA TechWABAG Limited

October 26, 2009 ICRA upgrades the long term debt ratings of Bank of India

October 26, 2009 ICRA assigns LBB- rating to the bank lines of Lahoti Terra Knitfab Limited


October 26, 2009 ICRA assigns iAAA rating to claims paying ability of ICICI Prudential Life InsuranceCompany Limited

October 26, 2009 ICRA revises the rating assigned to the bank lines of Advantec Coils Private Limited

October 23, 2009 ICRA assigns LAA/ A1+ ratings to bank limits of Zensar Technologies Limited

October 23, 2009 ICRA assigns conditional A1+(SO) ratings to the PTCs under loan securitisationprogramme of Kotak Mahindra Bank Limited (KMBL) CLSS 2 Trust 2010

October 23, 2009 ICRA withdraws ratings assigned to Senior PTCs backed by loan pool originated bySREI Equipment Finance Private Limited

October 23, 2009 ICRA assigns LA/A1 ratings to the bank lines of AVI Oil India Private Limited

October 23, 2009 ICRA assigns LBB and A4 ratings to the bank limits of Tulsyan NEC Limited

October 23, 2009 ICRA assigns LBB+ & A4+ ratings to the bank lines of Union Chains & Jewellery PrivateLimited

October 23, 2009 ICRA assigns LBBB-/A3 rating to the bank lines of Super Plastic Coats Private Limited

October 23, 2009 ICRA assigns LBBB-/A3 rating to the bank lines of Northern Strips Limited

October 23, 2009 ICRA assigns LBB+/A4+ rating to the bank lines of Allied Poles (India) Limited

October 23, 2009 ICRA reaffirms LBBB-/A3 ratings to Charbhuja Industries Private Limited

October 23, 2009 ICRA assigns an LBBB+(SO) rating to the term loan programme of Raxa SecurityServices Limited

October 23, 2009 ICRA reaffirms LBBB/A2 ratings to the bank lines of GMR Infrastructure Limited

October 23, 2009 ICRA assigns an LBBB+(SO) rating to the term loan programme of GMR BannerghattaProperties Private Limited

October 23, 2009 ICRA reaffirms LBBB+ rating to the bank lines of GMR Holdings Private Limited

October 23, 2009 ICRA assigns A4 rating to the bank lines of Dauji & Co.

October 23, 2009 ICRA downgrades the long term rating assigned to the bank lines of Sree RayalaseemaAlkalies & Allied Chemicals Limited

October 23, 2009 ICRA assigns A1+ rating to the Commercial Paper programme of Mundra Port andSpecial Economic Zone Limited

October 22, 2009 ICRA assigns LBBB+/A2+ ratings to the bank limits TTP Technologies Private Limited

October 22, 2009 ICRA assigns LBBB+(SO)/A2+(SO) rating to the bank limits of MPP TechnologiesPrivate Limited

October 22, 2009 ICRA withdraws the rating assigned to the Short Term Debt Programme of PrajIndustries Limited

October 22, 2009 ICRA downgrades rating of assignee payouts backed by a vehicle loan pool originatedby ICICI Bank Limited

October 22, 2009 ICRA places the ratings assigned to the bank lines of Rico Auto Industries Limited onrating watch with developing implications

October 22, 2009 ICRA revises the rating assigned to Salora International Limited

October 22, 2009 ICRA reaffirms highest credit quality ratings to Canara Bank’s Lower Tier II andcertificate of deposit programmes

October 21, 2009 ICRA assigns LBB/A4 ratings to the enhanced bank lines of Suryajyoti Spinning MillsLimited

October 21, 2009 ICRA reaffirms the LAA+ and A1+ ratings to various long term and short term borrowingprogrammes respectively of Hero Honda Finlease Limited

October 21, 2009 ICRA assigns A1 rating to the Commercial Paper/Short Term Debt Programme of DCMShriram Consolidated Limited

October 21, 2009 ICRA assigns LBB+ and A4+ ratings to bank lines of Coromandel Agro Products andOils Limited

October 21, 2009 ICRA assigns the LA rating and A1 rating to enhanced Long Term Loans and ShortTerm Loans respectively of Tata Motors Finance Limited

October 19, 2009 ICRA assigns the A1+ rating to the Rs.2.0 billion Commercial Paper Programme/ ShortTerm NCD of Muthoot Finance Limited

October 19, 2009 ICRA reaffirms the ‘MA’ rating assigned to the Fixed Deposit Programme of MuthootVehicle and Asset Finance Limited (erstwhile Muthoot Leasing and Finance Limited)

October 19, 2009 ICRA assigns IPO Grade 3 to the proposed initial public offering of DEN NetworksLimited

October 19, 2009 ICRA assigns LB- /A4 ratings to the bank lines of Robosoft Technologies Private Limited

October 19, 2009 ICRA assigned the rating of A1+ to the enhanced Commercial Paper (CP) / Short termDebt (STD) programme of Manappuram General Finance & Leasing Limited (MAGFIL)


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Debt (STD) programme of Manappuram General Finance & Leasing Limited (MAGFIL)

October 19, 2009 ICRA revises long-term rating, and withdraws the short-term rating, assigned to the banklines of Bharat Box Factory Limited

October 19, 2009 ICRA assigns LA-(SO) rating to the bank limits of Karuturi Telecom Private Limited

October 19, 2009 ICRA assigns LA-(SO) rating to the bank limits of Karuturi Foods Private Limited

October 19, 2009 ICRA revises the rating assigned to bank limits of Karuturi Global Limited

October 19, 2009 ICRA revises the bank line ratings of Shri Govindaraja Mills Limited

October 19, 2009 ICRA upgrades the ratings assigned to the bank lines of GMR Energy Limited

October 19, 2009 ICRA upgrades the rating assigned to the bank lines of Vemagiri Power GenerationLimited

October 19, 2009 ICRA retains the LA rating to the bank lines of GMR Tuni Anakapalli ExpresswaysPrivate Limited

October 19, 2009 ICRA retains the LA rating to the bank lines of GMR Tambaram TindivanamExpressways Private Limited

October 19, 2009 ICRA upgrades the rating assigned to the bank lines of GMR Pochanpalli ExpresswaysPrivate Limited

October 19, 2009 ICRA retains the LBBB / A2 rating assigned to the bank lines of GMR AmbalaChandigarh Expressways Private Limited

October 19, 2009 ICRA retains the LBBB / A2 rating assigned to the bank lines of GMR JadcherlaExpressways Private Limited

October 19, 2009 ICRA upgrades the ratings of the bank lines of GMR Ulundurpet Expressways PrivateLimited

October 16, 2009 ICRA assigns LBB+ and A4+ ratings to fund based and non fund based limits ofMukesh Strips Limited

October 16, 2009 ICRA assigns LBB+ to the bank limits of Navratna SG Highway Properties PrivateLimited

October 15, 2009 ICRA assigns LA and A1+ ratings to the bank lines of Reliance Power Limited

October 15, 2009 ICRA assigns LBBB+ and A2 ratings to the bank lines of Vidarbha Industries PowerLimited

October 15, 2009 ICRA revises the rating assigned to the bank lines of Vah Magna Retail Private Limited

October 15, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of Vijay Agro Products Private Limited

October 15, 2009 ICRA upgrades the long term rating and reaffirms the highest-credit-quality short termrating of Titan Industries Limited

October 15, 2009 ICRA reaffirms LA+ rating to the fund based limits and A1+ rating to non fund basedlimits of Andritz Hydro private Limited (Formerly VA TECH Hydro India Private Limited)

October 14, 2009 ICRA assigns LBB ratings to the bank limits of Surat Metallics Private Limited

October 14, 2009 ICRA assigns a conditional LBBB- rating to the fund based limits of Techpark HotelsPrivate Limited

October 14, 2009 ICRA assigns LBBB- rating to the bank limits of Interglobe Hotels Private Limited

October 14, 2009 ICRA assigns conditional LAAA (SO) ratings to the Pass Through Certificates backedby new car loan pool originated by Reliance Capital Limited - ILSS 2 Trust 2010

October 14, 2009 ICRA re-affirms LA rating to the bank facilities of Om Logistics Limited

October 14, 2009 ICRA assigns A4+ to the bank limits of Jushi (India) FRP Accessories Private Limited

October 14, 2009 ICRA revises rating to the bank limits of Ind Barath Power Gencom Limited from LBB+to LBB-

October 14, 2009 ICRA reaffirms LBBB+ and A2 rating to the bank limits of NSL Sugars Limited (NSLSL)(erstwhile SCM Sugars Limited)

October 14, 2009 ICRA revises the rating assigned to the bank limits of East Coast Constructions &Industries Limited

October 14, 2009 ICRA upgrades the rating assigned to the bank limits of Mundra Port and SpecialEconomic Zone Limited

October 14, 2009 ICRA revises long term ratings of debt programmes of Tata Metaliks Limited; retainsshort term rating

October 12, 2009 ICRA assigns conditional LAAA (SO) ratings to the Pass Through Certificates backedby new commercial vehicle loan pool originated by Reliance Capital Limited

October 12, 2009 ICRA reaffirms LAA rating to the long-term, non-fund based limits and A1+ rating toshort-term, non-fund based limits of Voith Hydro Private Limited (Erstwhile VoithSiemens Hydro Private Limited)

October 12, 2009 ICRA assigns LBB/A4 rating to the bank limits of Ciemme Jewels Limited

October 12, 2009 ICRA revises the rating assigned to the bank limits of Hind Agro Industries Limited

October 12, 2009 ICRA revises the rating assigned to the bank limits of Hind Industries Limited

October 12, 2009 ICRA assigns LB+ to the bank limits of Maniam Properties Private Limited

October 12, 2009 ICRA rating for Reliance MediaWorks Limited

October 12, 2009 ICRA assigns LBBB- / A3 ratings to the bank lines of Joindre Capital Services Limited

October 12, 2009 ICRA reaffirms LAA & A1+ ratings to the bank limits of Mahindra Intertrade Limited

October 12, 2009 ICRA reaffirms LAAA/ A1+ rating to the bank facilities of Hero Honda Motors Limited

October 12, 2009 ICRA assigns LBB+ rating to the bank credit lines of Srinivasa Cotton and Oil Mills


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October 12, 2009 ICRA assigns LBB+ rating to the bank credit lines of Srinivasa Cotton and Oil MillsLimited

October 12, 2009 ICRA assigns LBB+ rating to the bank lines of Basaveshwar Electricals and Engineers

October 12, 2009 ICRA assigns LB/ A4 ratings to the bank lines of S. Kumars Nationwide Limited for anenhanced amount

October 12, 2009 ICRA assigns LBB/A4 ratings to the bank lines of Kallam Spinning Mills Limited

October 12, 2009 ICRA revises the ratings assigned to the bank lines of Surana Corporation Limited

October 12, 2009 ICRA assigns LB+ to the bank lines of Alva’s Education Foundation

October 9, 2009 ICRA reaffirms the rating assigned to the bank lines and long term debt programme ofTata Cummins Limited

October 9, 2009 ICRA assigns LBB/A4 ratings to the bank lines of Best India Tobacco Suppliers

October 9, 2009 ICRA re-affirms LBBB+ and A2+ ratings to the bank limits of United Breweries Limited

October 9, 2009 ICRA assigns LBB/A4 ratings to the bank limits of Inland Road Transport Private

October 9, 2009 ICRA assigns LBBB-/A3 rating to the bank limits of Rajkumar Forge Limited

October 9, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of Malani Construction Company.

October 9, 2009 ICRA assigns LBB/A4 ratings to bank facilities of Roll Tubes Limited

October 9, 2009 ICRA assigns LBBB rating to the bank lines of Madhucon Granites Limited

October 9, 2009 ICRA upgrades the long and short term ratings of Soma Enterprise Limited to LBBB-/A3from LBB-/A4 earlier

October 9, 2009 ICRA assigns LBBB-/A3 ratings to the bank lines of Needles India Limited

October 7, 2009 Hybrids as instruments for raising Tier I and Tier II capital: Wider options for issuers,but higher risks for investors

October 7, 2009 ICRA revises short term rating to the bank lines of Davariya Brothers

October 7, 2009 ICRA assigns LA/A1 rating to the bank limits of Karnataka Power Corporation Limited

October 7, 2009 ICRA reaffirms LBB+/A4+ rating to the bank limits of IG Petrochemicals Limited

October 7, 2009 ICRA revises the ratings assigned to the bank limits of Transafe Services Limited

October 7, 2009 ICRA assigns LBB+ / A4+ rating to the bank lines of Mittal Corp. Limited

October 6, 2009 ICRA assigns A4 rating to the bank credit lines of Suresh Brothers (SB)

October 6, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of Daman Polythread Limited

October 6, 2009 ICRA reaffirms LAAA rating to the NCD programme of Mahanagar Gas Limited

October 6, 2009 ICRA assigns LBB+/A4+ rating to the bank lines of SKS Textiles Private Limited

October 6, 2009 ICRA assigns LBB/A4 rating to the bank credit lines of Sivaswati Textile Private Limited

October 6, 2009 ICRA assigns LBBB-/A3 ratings to the bank lines of Kiran Global Chems Limited

October 6, 2009 ICRA upgrades ratings assigned to enhanced bank lines of Hindustan Tin WorksLimited to LBBB+/A2+

October 6, 2009 ICRA assigns LBB+ rating to bank lines of KCP Projects Limited

October 6, 2009 ICRA reaffirm LAA-/A1+ ratings assigned to Rane Holdings Limited

October 6, 2009 ICRA assigns high credit quality ratings to long term bonds programme of Bank ofMaharashtra

October 6, 2009 ICRA assigns LBB/A4 to bank lines of Magppie International Limited

October 6, 2009 ICRA revises the long term rating assigned to the bank lines of Adlabs Films Limited

October 5, 2009 ICRA assigns LBBB+ rating to the bank lines of Chowgule Steamships Limited

October 5, 2009 ICRA assigns A1+ rating to the enhanced CP Programme of Deepak Fertilizers &Petrochemicals Corporation Limited

October 5, 2009 ICRA assigns LBBB-/A3 rating to the bank lines of Steelfab Building Systems

October 5, 2009 ICRA assigns LBBB+/A2 rating to the bank limits of Balmer Lawrie-Van Leer Limited

October 5, 2009 ICRA reaffirms LA+ and A1+ ratings of Triveni Engineering and Industries Limited(TEIL) for an enhanced amount of its fund based and non fund based limits

October 5, 2009 ICRA revises the bank line ratings of Hydro S&S Industries Limited; withdraws ratingsassigned to CP programme

October 5, 2009 ICRA reaffirms A1+ rating assigned to the short term bank limits of Tata InternationalLimited

October 5, 2009 ICRA assigns LBB/A4 ratings to the bank lines of Best India Tobacco Suppliers

October 5, 2009 ICRA assigns mfA1+ rating to Axis Liquid Fund

October 5, 2009 ICRA Withdraws ‘A1+(SO)’ Rating Assigned to the Short Term IPO FinancingProgramme of Enam Finance Private Limited

October 3, 2009 ICRA revises TMFL’s Long Term ratings from LA+ to LA and re-affirms Short Termrating of A1

October 3, 2009 ICRA reaffirms rating assigned to PTCs backed by Tata Motors Finance Limited atA1(SO)

October 1, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of National Protein & Solvent Limited

October 1, 2009 ICRA revises ratings for bank lines of Net 4 India Limited

September 30, 2009 ICRA reaffirms highest-credit-quality ratings assigned to Bharti Airtel Limited

September 30, 2009 ICRA assigns LBB/A4 ratings to the bank limits of KlenePaks Limited


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September 30, 2009 ICRA upgrades the ratings assigned to the bank limits and debt programme of DCMShriram Consolidated Limited

September 30, 2009 ICRA retains the LAA/A1+ ratings assigned to the bank limits of Tata Coffee Limited

September 30, 2009 ICRA assigns MFI grade of M3+ to Grama Vidiyal Microfinance (P) Limited

September 30, 2009 ICRA assigns LBBB rating to the bank loan ratings of Grama Vidiyal Microfinance (P)Limited

September 30, 2009 ICRA revises the long term / short term ratings for the bank limits of United SpiritsLimited

September 30, 2009 ICRA assigns LBB/A4 ratings to the bank lines of Suryajyoti Spinning Mills Limited

September 30, 2009 ICRA reaffirms the LA and A1 ratings to the term loan and working capital facilities ofEssar Steel Limited

September 30, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of Sri Narasus Coffee CompanyLimited

September 30, 2009 ICRA assigns mfA1+ rating to Shinsei Treasury Advantage Fund

September 30, 2009 ICRA assigns LBBB/A3+ ratings assigned to the bank lines of Aditya Auto Products &Engg. (I) Private Limited

September 30, 2009 ICRA assigns LBB/A4 to bank limits of Bericap India Private Limited

September 30, 2009 ICRA revises the bank line ratings of Surya Pharmaceuticals Limited

September 30, 2009 ICRA assigns LBB rating to the Bank credit lines of Rajasthan Vikas Sansthan

September 30, 2009 ICRA assigns LB/A4 rating to the Bank credit lines of Riba Textiles Limited

September 30, 2009 ICRA assigns LB/A4 ratings to the bank limits of Cauvery Coffee Traders

September 30, 2009 ICRA assigns LBBB+ and A2+ ratings to bank lines of Dixon Technologies (India)Private Limited

September 30, 2009 ICRA assigns LBBB-/A3 rating to the bank facilities of Metro Ortem Limited

September 30, 2009 ICRA assigns LBBB-/A3 rating to the bank facilities of Metro Tyres Limited

September 30, 2009 ICRA assigns LBB/A4 rating to the bank limits of Tasa Foods Private Limited

September 30, 2009 ICRA assigns LB+/ A4 rating to bank limits of DN Wind Systems India Private Limited

September 30, 2009 ICRA assigns an LBB rating to the bank lines of National Industrial Corporation Limited

September 30, 2009 ICRA assigns LBB+ rating to the term loan of North Western Karnataka Road TransportCorporation

September 30, 2009 ICRA Reaffirms LA/A1 ratings assigned to the bank lines of HLL Lifecare Limited

September 30, 2009 ICRA assigns LAAA ratings to the fresh long-term debt programme of InfrastructureDevelopment Finance Company Limited

September 30, 2009 ICRA assigns LBB / A4 ratings to the bank lines of Freeworld Exports Private Limited

September 29, 2009 ICRA assigns LBB+/A4+ ratings to bank lines of Gahoi Buildwell Limited

September 29, 2009 ICRA assigns LBB+ rating to the bank lines of AB Sugars Limited

September 29, 2009 ICRA assigns LBB+ rating to the bank lines of PBS Foods Private Limited

September 29, 2009 ICRA assigns LB- and A4 ratings to the bank limits of SP Superfine Cotton Mills PrivateLimited

September 29, 2009 ICRA assigns LB+/A4 ratings to the bank limits of Silktex Limited

September 29, 2009 ICRA assigns LA- Rating to Rs. 3.25 billion bank facility of Sterling Infotech Limited

September 29, 2009 ICRA assigns conditional A1+(SO) ratings to the PTCs under loan securitisationprogramme of ICICI Bank Limited - TNPL Loan Securitisation Trust Series 66

September 29, 2009 ICRA retains the LBBB (SO) rating assigned to the Rs. 781.1 million bond programmeof Maharashtra Vikrikar Rohke Pradhikaran Limited

September 29, 2009 ICRA revises the ratings of Eveready industries India Limited upwards

September 29, 2009 ICRA assigns LBB/A4 ratings to the bank lines of Vijay Velavan Spinning Mills

September 29, 2009 ICRA assigns LB+ / A4 ratings to the bank lines of Alphageo (India) Limited

September 29, 2009 ICRA assigns LB-/A4 rating to the bank limits of Metal Closures Private Limited

September 29, 2009 ICRA has assigned LAAA rating to the Rs. 20 billion Bonds issue of NTPC Limited

September 29, 2009 ICRA has reaffirmed LAAA rating to long term loans/Fund based limits and A1+ rating tothe non fund based limits of NTPC

September 29, 2009 ICRA revises upwards the ratings of The Tinplate Company of India Limited to LA andA1

September 25, 2009 Indian Tea Industry: Outlook Positive for the Short To Medium Term

September 25, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of M.K. Shipping & Allied IndustriesPrivate Limited

September 25, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of Mahavir Inductomelt Private Limited

September 25, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of Puneet Industries Private Limited

September 25, 2009 ICRA assigns a rating of LBB- and A4 to the basel II lines of GS Malls Private Limited

September 25, 2009 ICRA assigns a rating of LBB- and A4 to the Basel II lines of Fairlakes (CountryColonizers Private Limited)

September 25, 2009 ICRA assigns a rating of LBB to long term loans (under basel II) of A.B. Motions PrivateLimited

September 25, 2009 ICRA assigns conditional LAA+(SO) rating to the Series A1 PTCs under loan


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September 25, 2009 ICRA assigns conditional LAA+(SO) rating to the Series A1 PTCs under loansecuritisation programme of GE Capital Services India IFIC Loan Trust

September 25, 2009 ICRA assigns LBB rating to the bank lines of Great Value Foods

September 25, 2009 ICRA Assigns LA-/A1 rating to the bank facilities of Majestic Auto Limited

September 25, 2009 ICRA assigns a rating of LBB to long term loan and A4 to Bank Guarantee of GSRMovies

September 25, 2009 ICRA assigns LB+ rating to the fund based limits/ Long term debt programme of WaveIndustries Private Limited

September 25, 2009 ICRA assigns a rating of LB+/A4 to fund based/non fund based limits of Real ConergyIndia Private Limited

September 24, 2009 Power Distribution Utilities: Performance trend is positive, however rising subsidy levelsremain an area of concern

September 24, 2009 MBS transactions rated by ICRA continue to display strong performance

September 24, 2009 ICRA assigns LBBB- and A3 ratings to the bank limits of Jai Raj Ispat Limited

September 24, 2009 ICRA reaffirms highest credit quality rating to Export-Import Bank of India’s various debtprogramme

September 24, 2009 ICRA assigns LBBB-/A3 rating to the bank limits of Rusan Pharma Limited

September 24, 2009 ICRA reaffirms LBBB- and A3 rating for an enhanced limits Sir Shadi Lal EnterprisesLimited

September 24, 2009 ICRA assigns LA rating to Mormugao Port Trust’s term loan programme

September 24, 2009 ICRA assigns LBBB-/A3 ratings to the term loan and working capital facilities of AkashCeramics Private Limited

September 24, 2009 ICRA assigns LBB/ A4 rating to the bank facilities of Saya Automobiles Limited

September 24, 2009 ICRA assigns LBBB-/A3 ratings for the bank limits of SKM Animal Feeds and Foods(India) Limited

September 24, 2009 ICRA upgrades ratings assigned to the enhanced bank lines of Madurai PowerCorporation Private Limited to LA / A1

September 24, 2009 ICRA assigns the ratings at LBBB and A2 on the bank lines of Sasan Power Limited

September 24, 2009 ICRA upgrades ratings assigned to the enhanced bank lines of BGR Energy SystemsLimited to LA / A1

September 24, 2009 ICRA upgrades ratings assigned to the enhanced bank lines of BGR Energy SystemsLimited to LA / A1

September 24, 2009 ICRA assigns conditional A1+(SO) rating to the PTCs under loan securitisationprogramme of Deutsche Bank - DISA Trust II 2009

September 23, 2009 ICRA reaffirms the LBBB- rating assigned to the term loan programme of BangaloreInternational Airport Limited

September 23, 2009 ICRA reaffirms LA-/A1 to the bank lines of Novodigm Limited

September 23, 2009 ICRA assigns A1+ rating to GNFC’s enhanced CP Programme

September 23, 2009 ICRA reaffirms LBBB and A2 ratings assigned to bank lines of Virgin Mobile IndiaPrivate Limited

September 23, 2009 ICRA assigns LBBB-/ A3 ratings to bank limits of Situations Advertising and MarketingServices Private Limited

September 23, 2009 ICRA assigns LBBB-/A3 ratings for the bank limits of AVG Motors Limited

September 22, 2009 ICRA-assigned Securitisation Ratings show High Overall Stability despite Rise in RatingDowngrades in 2008-09

September 22, 2009 ICRA assigns LBB+ and A4+ rating to the bank limits of ALM Industries Limited

September 22, 2009 ICRA assigns A4 rating to the bank credit lines of Yarlagadda Exports Private Limited

September 22, 2009 ICRA assigns LBBB- rating to long-term debt programme of Foundation EngineeringCompany

September 22, 2009 ICRA upgrades the long term rating assigned to the bank lines of V-Guard IndustriesLimited; re-affirms the short term bank line rating

September 22, 2009 ICRA assigns LBBB and A2 ratings to the bank lines of Simalin Chemical IndustriesPrivate Limited (SCIPL)

September 22, 2009 ICRA assigns LBB+ ratings to the bank limits of Padmavati Agencies Private Limited

September 22, 2009 ICRA assigns LB+ rating to the bank lines of ARVS Constructions Private Limited

September 22, 2009 ICRA assigns LBB rating to the bank lines of SSIPL Retail Limited

September 22, 2009 ICRA assigns LA-/A2+ to the bank limits of Tejas Networks Limited

September 18, 2009 ICRA assigns LBBB- rating to bank lines of Action Retail Ventures Private Limited

September 18, 2009 ICRA reaffirms LBBB-/ A3 ratings to the bank lines of Century Metal Recycling PrivateLimited

September 18, 2009 ICRA reaffirms LBBB- and A3 ratings to the bank lines of Jumbo Bag Limited (JBL)

September 17, 2009 ICRA assigns highest-credit-quality rating to the enhanced short term debt programmeand adequate-credit-quality rating to the long term debt programme and long term banklimits of Religare Finvest Limited

September 17, 2009 ICRA assigns highest-credit-quality rating to the enhanced short term debt programmeand adequate-credit-quality rating to the long term debt programme and long term banklimits of Religare Finvest Limited

September 17, 2009 ICRA assigns LB+ rating to the bank lines of DY Uppar


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September 17, 2009 ICRA assigns LB+ rating to the bank lines of DY Uppar

September 17, 2009 ICRA reaffirms LAA & A1+ ratings of Godrej Consumer Products Limited

September 17, 2009 ICRA assigns LBBB+ / A2+ rating to the bank limits of Trading Engineers (International)Limited

September 17, 2009 ICRA revises ratings assigned to the bank lines of Kalyani Thermal Systems Limited

September 17, 2009 ICRA assigns LBB- rating to the bank lines of CMM Infraprojects Limited

September 17, 2009 ICRA assigns LB+ rating to the bank lines of Nagar Kopargaon Infrastructure PrivateLimited

September 16, 2009 ICRA assigns LBBB and A3+ ratings to the enhanced bank limits of Tema India Limited

September 16, 2009 ICRA assigns LBB/ A4 rating to the bank lines of Vasantha Spinners Limited

September 16, 2009 ICRA retains the Construction Grading of CR1 assigned to Jaiprakash AssociatesLimited

September 16, 2009 ICRA assigns LBBB-/A3 ratings to the bank limits of Elect Systems Engineers PrivateLimited

September 16, 2009 ICRA assigns LBBB- rating to long-term debt programme of M/s Sharpmind Developers

September 16, 2009 ICRA retains the rating assigned to the bank lines of Goodearth Maritime Limited

September 16, 2009 ICRA reaffirms LA/A1+ rating to the bank limits of Garware Wall Ropes Limited;withdraws rating assigned to CP/STD programme

September 16, 2009 ICRA withdraws LA-(SO) rating assigned to the sanctioned fund based bank limit ofSterling Projects And Engineering Limited (SPEL)

September 15, 2009 ICRA assigns A1 rating to KEC International Limited’s enhanced CP/STD Programme

September 15, 2009 ICRA assigns mfAA rating to ICICI Prudential Fixed Maturity Plan – Series 49 – ThreeYears Plan A

September 15, 2009 ICRA assigns highest-credit-quality rating to the Certificate of Deposits Programme ofBank of Bahrain and Kuwait B.S.C. (Indian Branches)

September 15, 2009 ICRA reaffirms LA- rating for the bank limits of Great Eastern Energy CorporationLimited

September 15, 2009 ICRA assigns LBB/A4 ratings for the bank limits of Sri Venkata Siva Parvathi SpinningMills Private Limited

September 15, 2009 ICRA assigns LBB-/A4 ratings to the bank lines of Sri Venkata Lakshmi NarasimhaSpinning Mills Private Limited

September 15, 2009 ICRA assigns LBBB- and A3 ratings to the bank lines of BSL Scaffolding Limited

September 15, 2009 ICRA withdraws A1+ rating assigned to the CP/ STD Programme of Honda Siel CarsIndia Limited

September 15, 2009 ICRA assigns A1+ rating to L&T Komatsu Limited

September 15, 2009 ICRA assigns LBB+ rating to long-term debt programme and A4+ rating to short-termdebt programme of D. S. Kulkarni Developers Limited

September 14, 2009 ICRA assigns LBB+/A4+ ratings to bank lines of JHS Svendgaard Laboratories Limited

September 14, 2009 ICRA assigns LA+/ A1 ratings to the bank limits of Forbes & Company Limited

September 14, 2009 ICRA retains ratings of 18 Commercial Vehicle loan-backed transactions originated bySundaram Finance Limited

September 14, 2009 ICRA assigns LA rating to the bank line of Huntsman Advanced Materials (India) PrivateLimited

September 14, 2009 ICRA Revises the Long-Term Rating of Shree Krishna Paper Mills & Industries Limited

September 14, 2009 ICRA withdraws the LA- rating assigned to the Non Convertible Debenture programmeof India Glycols Limited

September 14, 2009 ICRA withdraws ratings assigned to the PTCs under various ABS programmes of ICICIBank Limited.

September 14, 2009 ICRA revises ratings assigned to the Long term bank borrowing programme ofManappuram General Finance & Leasing Limited from LA to LA+ and also revises therating assigned to the CP/ STD programme from A1 to A1+

September 14, 2009 ICRA revises rating assigned to Magnum Ventures Limited

September 11, 2009 ICRA withdraws rating assigned to the bond programme of Noida Toll Bridge CompanyLimited

September 11, 2009 ICRA reaffirms LBBB+/ A2+ ratings for the bank facilities of Fresenius Kabi OncologyLimited

September 11, 2009 ICRA reaffirms LBBB/A2 ratings assigned to the bank lines of Kalindee Rail Nirman(Engineers) Limited

September 11, 2009 ICRA assigns LBBB+ (SO) rating to the term loans and bank lines of Nypro ForbesProducts Private Limited

September 11, 2009 ICRA assigns LBBB+ (SO) rating to the term loans and bank lines of Nypro ForbesProducts Private Limited

September 11, 2009 ICRA assigns an A1+ rating to the CP programme of McLeod Russel; revises bank lineratings

September 11, 2009 ICRA reaffirms the LA+/A1+ ratings assigned to the enhanced bank lines of HaldiramSnacks Private Limited

September 11, 2009 ICRA reaffirms the LA+/A1+ ratings assigned to the bank lines of HaldiramManufacturing Company Private Limited


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Manufacturing Company Private Limited

September 11, 2009 ICRA assigns LA / A1 ratings to the bank facilities of Banspani Iron Limited

September 11, 2009 ICRA reaffirms A4 rating to bank lines of Om Anand Exports

September 11, 2009 ICRA assigns LA rating to Core Projects and Technologies Limited for an enhancedamount

September 11, 2009 ICRA reaffirms LBBB- rating assigned to the bank facilities of Artemis MedicareServices Private Limited

September 11, 2009 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisationprogrammes of Citibank

September 11, 2009 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisationprogrammes of GE Capital Services India.

September 11, 2009 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisationprogrammes of YES Bank Limited.

September 11, 2009 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisationprogrammes of Hongkong and Shanghai Banking Corporation Ltd.

September 11, 2009 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisationprogrammes of JM Financial Products Pvt. Ltd.

September 11, 2009 ICRA withdraws rating assigned to the long term non convertible debenture programmesof BSCPL Infrastructure Limited

September 11, 2009 ICRA reaffirms LAA, A1+ rating to bank lines of Torrent Pharmaceuticals Limited

September 11, 2009 ICRA reaffirms the ratings assigned earlier to the various debt programmes of Orientalbank of Commerce

September 10, 2009 ICRA reaffirms LA-/ A2+ ratings assigned to the bank limits of Gokaldas Exports Limited

September 10, 2009 ICRA reaffirms the ratings assigned earlier to the non convertible debenture programmeand fixed deposit programme of Gruh Finance Limited

September 10, 2009 ICRA reaffirms the ratings assigned earlier to debt instruments and bank lines of IDBIHomefinance Limited

September 10, 2009 ICRA assigns LBB+/A4+ rating to bank limits of Nav Bharat Tubes Limited

September 10, 2009 ICRA assigns LBBB/A2 rating to the bank limits of Twilight Litaka Pharma Limited

September 10, 2009 ICRA assigns highest credit quality rating to India Infoline Investment Services Limited’sshort term debt programme For IPO financing

September 10, 2009 ICRA assigns LBBB-/A3 ratings to the bank lines of SR Drugs and Intermediates PrivateLimited

September 10, 2009 ICRA reaffirms ratings assigned to the various debt programmes of Yes Bank Limited

September 10, 2009 ICRA assigns LB/A4 rating to the bank lines of JCT Limited

September 10, 2009 ICRA assigns LBBB/A2 rating to the bank limits of Twilight Litaka Pharma Limited

September 10, 2009 ICRA assigns rating of LBBB- under Basel II to Astha Projects (India) Limited

September 10, 2009 ICRA assigns rating of LBB under Basel II to Anubhav Hydel Power Private Limited

September 10, 2009 ICRA reaffirms its LA/ A1 rating to the bank limits of HSIL Limited (erstwhile HindustanSanitaryware & Industries Limited)

September 10, 2009 ICRA reaffirms LAA & A1+ ratings of Godrej Industries Limited

September 9, 2009 ICRA reaffirms the LAA- rating and the A1 + rating assigned to OCL India Limited

September 9, 2009 ICRA assigns LA+ rating to Non Convertible Debentures of PTC India FinancialServices Limited

September 9, 2009 ICRA assigns LBB+/A4+ rating to the bank lines of Jyoti CNC Automation PrivateLimited

September 9, 2009 ICRA assigns LBB-/A4 ratings to the bank lines of Samrat Plywood Limited

September 9, 2009 ICRA revises ratings assigned to the bank lines of S. Kumars Nationwide Limited

September 9, 2009 ICRA reaffirms LBBB+ and A2+ ratings to the bank limits of Nelcast Limited

September 9, 2009 ICRA assigns LAA rating to the bank limits of ThyssenKrupp Industries India PrivateLimited

September 9, 2009 ICRA assigns LBBB+/A2+ rating to the bank limits of Comstar Automotive TechnologiesPrivate Limited

September 9, 2009 ICRA assigns LBB+/A4+ rating to the bank credit lines of Panache Exports PrivateLimited

September 9, 2009 ICRA assigns A1+ rating to CP/STD programme of Kalyani Steels Limited

September 8, 2009 ICRA re-affirms ratings assigned to the various debt programme of The Bank ofRajasthan’s Limited

September 8, 2009 ICRA assigns A4+ ratings to the bank limits of Bharat Fashions & Apparels

September 8, 2009 ICRA assigns LBB/A4 ratings to the bank limits of Mohindra Fasteners Limited

September 8, 2009 ICRA revises bank line ratings of Ferro Alloys Corporation Limited (FACOR)

September 8, 2009 ICRA revises the ratings assigned to FACOR Steels Limited

September 8, 2009 ICRA revises the ratings assigned to FACOR Alloys Limited

September 8, 2009 ICRA assigns A4 rating to the bank credit lines of Manav Gems

September 7, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of Namco Corporation Private Limited

September 7, 2009 ICRA assigns high-credit-quality rating to Rs. 0.50 billion Subordinate NCD Programmeof Deutsche Postbank Home Finance Limited


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of Deutsche Postbank Home Finance Limited

September 7, 2009 ICRA assigns LBBB+/A2 rating to the bank lines Of Ashapura Garments Limited

September 7, 2009 ICRA reaffirms LBBB-/ A3 ratings to the bank lines of Bhawani Industries Limited

September 7, 2009 ICRA assigns LBBB+ and A2 ratings to the bank limits of Suprajit Engineering Limited

September 7, 2009 ICRA assigns highest credit quality rating to long term & short debt programme of SGWealth Management Solutions Private Limited

September 7, 2009 ICRA upgrades long term rating to the bank lines of Adani Power Maharashtra Limited

September 7, 2009 ICRA reaffirms ratings assigned to the various debt programmes of IDBI Bank

September 7, 2009 ICRA revises the ratings assigned to the bank lines of Kamdhenu Ispat Limited

September 7, 2009 ICRA withdraws cp/ short-term debt rating of Orient Ceramics and Industries Limited

September 7, 2009 ICRA revises the long-term bank line rating of Shanthi Gears Limited

September 7, 2009 Deutsche Postbank Home Finance Limited (Erstwhile BHW Home Finance Limited)

September 4, 2009 ICRA assigns LAA- / A1+ rating to the bank limits of Tide Water Oil Co. (India) Limited

September 4, 2009 ICRA reaffirms the ratings assigned to bank lines of Davangere Sugar CompanyLimited; assigns fresh LBBB- /A3 ratings to enhanced bank limits

September 4, 2009 ICRA assigns A2 rating to the Non-fund based limits of Hughes Network Systems IndiaLimited

September 4, 2009 ICRA assigns rating of LBB- under Basel II to Tejassarnika Hydro Energies (P) Limited

September 4, 2009 ICRA assigns rating of LBB under Basel II to AT Hydro Private Limited

September 4, 2009 ICRA assigns LAA/A1+ ratings to the bank lines of Bosch Rexroth (India) Limited

September 4, 2009 ICRA places the ratings assigned to Wall Street Finance’s bank facilities on ratingwatch with developing implications

September 3, 2009 ICRA reaffirms its LA/A1 ratings for Core Projects and Technologies Limited; assignsA1 rating to its Commercial Paper programme for an enhanced amount

September 3, 2009 ICRA reaffirms LAAA/A1+ ratings assigned to the bank limits and debt programmes ofOil India Limited (OIL)

September 3, 2009 ICRA retains rating of assignee payouts under 1 vehicle loan pool, downgrades ratingsof assignee payouts backed by 3 other vehicle loan pools, originated by ICICI BankLimited

September 3, 2009 ICRA retains ratings of the senior PTC tranches and Liquidity Facility, and upgradesrating of Second Loss credit collateral in two ABS transactions originated by HDFCBank

September 3, 2009 ICRA assigns conditional A1+(SO) rating to the PTCs under loan securitisationprogramme of ICICI Bank Limited - TCL Loan Securitisation Trust Series 63

September 3, 2009 ICRA assigns A1+ rating to the Commercial Paper programme of PVR Limited

September 3, 2009 ICRA assigns LBBB-/A3 ratings to the bank limits of Crescent Petrochem PrivateLimited

September 3, 2009 ICRA assigns LBB+ and A4+ to the bank limits of Mukesh Steels Limited

September 3, 2009 ICRA assigns LBB rating to the bank credit lines of Ramya Spinning Mills PrivateLimited

September 3, 2009 ICRA suspends bank loan rating of Stumpp Schuele and Somappa Private Limited

September 3, 2009 ICRA assigns LBB+/A4+ to bank limits of of Mukesh Udyog Limited

September 2, 2009 ICRA assigns LA/A1 rating to the bank limits of Huntsman International (India) PrivateLimited

September 2, 2009 ICRA reaffirms the LA- and A1 ratings assigned to the bank limits of InternationalCombustion (India) Limited

September 2, 2009 ICRA revises the ratings of Kalyani Carpenter Special Steels Limited

September 2, 2009 ICRA assigns LBB-/A4 ratings to the bank limits of Mitter Fasteners

September 2, 2009 ICRA Assigns LBBB- and A3 ratings to the bank lines of IIC Technologies PrivateLimited

September 2, 2009 ICRA withdraws ratings assigned to the PTCs under various ABS programmes of ICICIBank Limited

September 2, 2009 ICRA assigns ratings of LBBB- and A3 to the bank lines of GVPR Engineers Limited

September 1, 2009 ICRA assigns LBBB+/A2 ratings to the bank lines of Nilon’s Enterprises Private Limited

September 1, 2009 ICRA assigns an LBBB rating to the bank limits of BLB Mall Management CompanyPrivate Limited

September 1, 2009 ICRA assigns LBB- rating to the term loan of Gayatri Hi-Tech Hotels Limited

September 1, 2009 ICRA assigns rating of LBB+ under Basel II to Cimaron Constructions P Ltd

September 1, 2009 ICRA assigns rating of LBB under Basel II to Tarela Power Limited

September 1, 2009 ICRA assigns LB+/A4 rating to the bank lines of Ram Infrastructure Limited (RIL)

September 1, 2009 ICRA Assigns LBB+ / A4+ rating to the bank facilities of SKH Metals Limited

September 1, 2009 ICRA assigns LAA-/A1+ rating to the bank facilities of VE Commercial Vehicles Limitedfor an enhanced amount

September 1, 2009 ICRA reaffirms the LAA-/A1+ rating to the bank lines and Commercial Paper/Short termdebt programme of Kyungshin Industrial Motherson Limited

August 31, 2009 ICRA assigns LBBB- rating to the fund based limits/ Long term debt programme of


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August 31, 2009 ICRA assigns LBBB- rating to the fund based limits/ Long term debt programme ofDwarikesh Sugar Industries Limited

August 31, 2009 ICRA assigns LAA+ (SO) and LBBB+/A2+ ratings to the bank credit lines ofLandis+Gyr Limited

August 31, 2009 ICRA assigns LBBB-/A3 rating to the bank lines of Prince Pipes & Fittings PrivateLimited

August 31, 2009 ICRA assigns A2+ rating to Short term bank limits of KIFS Securities Pvt. Ltd. (formerlyknown as Khandwala Integrated Financial Services Pvt. Ltd.)

August 31, 2009 ICRA assigns LBB+/A4+ ratings to the bank facilities of Dhanuka Laboratories Limited

August 31, 2009 ICRA assigns LBB-/A4 rating to the bank limits of EMAS Engineers and ContractorsPvt. Ltd.

August 31, 2009 ICRA assigns LB+ rating to the bank facilities of Hari Infrastructure Private Limited

August 31, 2009 ICRA assigns LAA & A1+ rating to Intas Pharmaceuticals Limited; reaffirms existingratings

August 31, 2009 ICRA revises bank-line and term loan ratings assigned to Rajshree Sugars & ChemicalsLimited (RSCL); assigns ratings to RSCL’s enhanced limits

August 31, 2009 ICRA upgrades ratings assigned to bank lines of Schneider Electric Conzerv IndiaPrivate Limited (earlier Conzerv Systems Private Limited) to LA+/ A1+

August 31, 2009 ICRA assigns LBB+/A4+ rating to the bank limits of Skygourmet Catering Private Ltd

August 31, 2009 ICRA assigns LBBB-/A3 ratings to the bank limits of Techno Fab Manufacturing Limited

August 31, 2009 ICRA assigns IPO Grade 2 to the proposed initial public offering of Thinksoft GlobalServices Limited

August 31, 2009 ICRA assigns LAA rating to Rs. 5 billion non convertible debentures programme and Rs.38.66 billion bank facilities (enhanced) of L&T Infrastructure Finance Company;reaffirms ratings assigned earlier

August 31, 2009 ICRA assigns LA+ rating to the Rs. 3 billion Lower Tier II Bonds Programme of KarurVysya Bank

August 28, 2009 ICRA Assigns High Credit Quality Rating to Edelweiss Capital Ltd’s Long Term EquityLiked Debenture programme

August 28, 2009 ICRA Assigns LBB+ rating to Term Loans and Bank Guarantees of Jaksons DevelopersPrivate Limited

August 28, 2009 ICRA assigns LBBB+/A2 rating to the bank credit lines of Mohan Clothing CompanyPrivate Limited

August 28, 2009 ICRA assigns LBBB-/A3 ratings to the bank limits of Alkali Metals Limited

August 28, 2009 ICRA assigns LBBB-/A3 rating to the bank limits of Anshul Steels Limited

August 28, 2009 ICRA reaffirms long term rating and revises short term rating on the bank lines of TemaIndia Limited

August 28, 2009 ICRA assigns LBB rating to the bank line of Indo Shell Auto Agency Private Limited

August 28, 2009 ICRA revises ratings assigned to the bank lines of Malu Paper Mills Limited

August 28, 2009 ICRA withdraws rating assigned to the long term non-convertible debenture programmeof KND Engineering Technologies Limited

August 28, 2009 ICRA withdraws rating assigned to the PTCs issued by Indian Infrastructure EquipmentReceivable Oct 2005.

August 28, 2009 ICRA downgrades the ratings assigned to the bank lines of Koutons Retail India Limited

August 27, 2009 ICRA assigns LB+ rating to the bank lines of Shah and Jain Constructions PrivateLimited

August 27, 2009 ICRA assigns LBBB-/A3 ratings to the bank limits of Focus Energy Limited

August 27, 2009 ICRA upgrades the ratings assigned to the bank limits of Ester Industries Limited toLBBB/A3+

August 27, 2009 ICRA assigns LBB+/A4+ ratings to the bank limits of Nobel Hygiene Private Limited

August 27, 2009 ICRA reaffirms A2 rating to the bank limits of Renaissance Jewellery Limited

August 27, 2009 ICRA assigns fresh ratings to the bank lines of Herve Pomerleau International Inc. -Consolidated Construction Consortium Limited JV

August 27, 2009 ICRA US Subsidiaries Get Merged

August 27, 2009 ICRA assigns LB+ (SO), LB (SO) and LC ratings to the bank loans of Tamil NaduCooperative Housing Federation Limited

August 27, 2009 ICRA assigns LBBB+/A2+ to the bank limits of ITD Cementation India Limited (ITD-ITDCem JV)

August 26, 2009 ICRA revises the earlier ratings of LA-/A1 to LBBB+/A2+ assigned to the bank limits ofITD Cementation India Limited

August 26, 2009 ICRA assigns LB/A4 to the bank lines of Kumaragiri Electronics Limited

August 26, 2009 ICRA upgrades long term rating of Bajaj Electricals Limited to LA+ and reaffirms shortterm rating at A1; assigns A1 rating to short term debt programme

August 26, 2009 ICRA Assigns LA+ (SO) & A1 (SO) ratings to bank lines of Starlite Lighting Limited

August 26, 2009 ICRA assigns LBBB- and A3 ratings to the bank lines of Tilaknagar Industries Limited

August 26, 2009 ICRA assigns LB/A4 ratings to the bank lines of Kumaragiri Textiles Limited

August 26, 2009 ICRA assigns LBB and A4 rating to the Bank credit lines of Parksons Graphics, Prop.:Abhi-Ani Manufacturing Company Private Limited


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Abhi-Ani Manufacturing Company Private Limited

August 26, 2009 ICRA upgrades the ratings assigned to the bank lines of Cambridge Solutions Limited

August 26, 2009 ICRA reaffirms LA/A1+ rating to the enhanced bank limits of Godrej Agrovet Limited(GAVL); reaffirms A1+ rating to the Commercial Paper programme of GAVL for anenhanced amount

August 26, 2009 ICRA assigns LAA+ rating to the Secured Debentures Programme of HCL TechnologiesLimited

August 26, 2009 ICRA assigns A1+ rating to the enhanced CP/ STD Programme of Telco ConstructionEquipment Company Limited

August 25, 2009 ICRA assigns LBB/A4 rating to the bank limits of M/s Indian Designs

August 25, 2009 ICRA assigns LBBB/A2 to the bank lines of UB Engineering Limited

August 25, 2009 ICRA assigns LBBB/A3+ to the bank lines of Swastik Pipes Limited

August 25, 2009 ICRA assigns high-credit-quality rating to Rs. 2.0 billion NCD Programme of DeutschePostbank Home Finance Ltd; reaffirms the ratings assigned earlier

August 25, 2009 ICRA assigns LBB+/A4+ rating to the bank lines of Malhotra Rubbers Limited

August 25, 2009 ICRA assigns the A1+ rating to the fresh Rs. 1.0 billion Commercial Paper (CP)/ Shortterm bank borrowing programme of Tata Capital Housing Finance Limited

August 25, 2009 ICRA revises rating assigned to the bank lines of NSL Textiles Limited

August 25, 2009 ICRA revises rating assigned to the bank lines of NSL Textiles (Edlapadu) Limited

August 24, 2009 ICRA releases a summary update on the performance of ABS pools

August 24, 2009 ICRA assigns LBBB-/A3 to the bank lines of Spacewood Furnishers Private Limited

August 24, 2009 ICRA reaffirms ratings of various debt programmes of Axis Bank

August 24, 2009 Aviation Infrastructure: Regulatory Uncertainty and Liquidity Conditions Impact GrowthPlans

August 24, 2009 ICRA Assigns LBB+/ A4+ rating to bank limits of M/s. Budhale & Budhale

August 24, 2009 ICRA assigns LBB+/ A4+ rating to bank limits of Noble Hospitals Private Limited

August 24, 2009 ICRA revises the bank line ratings of Sheetal Manufacturing Company Private Limited(erstwhile Sheetal Manufacturing Co.)

August 24, 2009 ICRA assigns LBBB-/ A3 rating to the bank facilities of Raunaq Automotive ComponentsLimited

August 24, 2009 ICRA assigns LBBB-/A3 ratings to the banklines of V.K.Industrial Corporation Limited

August 24, 2009 ICRA places ratings of H&R Johnson (India) Limited on rating watch with positiveimplications

August 24, 2009 ICRA assigns LBBB rating to bank lines of Legacy Foods Private Limited

August 24, 2009 ICRA retains LBBB rating to the term loan facilities of Hazira Plate Limited

August 21, 2009 ICRA assigns LAA+ rating to long term bank facilities of Dr. Reddy’s LaboratoriesLimited

August 21, 2009 ICRA assigns rating to Common cash collateral provided in two securitisationtransactions originated by SREI Equipment Finance Private Limited

August 21, 2009 ICRA assigns highest credit quality rating to the Rs. 7.50 billion Immediate Debtprogramme of Religare Finvest Limited

August 21, 2009 ICRA revises bank line ratings assigned to Veena Industries Limited (VIL); assignsratings to VIL’s enhanced limits

August 21, 2009 ICRA assigns LBB rating to bank lines of L M Sagar Exports

August 21, 2009 ICRA revises the ratings of Auro Gold Jewellery Private Limited

August 20, 2009 ICRA places ratings of Prism Cement Limited on rating watch with negative implications

August 20, 2009 ICRA revises ratings assigned to the bank lines of The Andhra Petrochemicals Limited

August 20, 2009 ICRA assigns LA+ rating to the long term debt (including NCD) programme of UTVSoftware Communications Limited

August 20, 2009 ICRA assigns highest credit quality rating to the enhanced long term borrowingprogramme of Indian Railway Finance Corporation

August 20, 2009 ICRA Assigns LBB/A4 ratings to bank limits of Siena Engineering Private Limited

August 20, 2009 ICRA reaffirms ratings assigned to senior PTCs/ Acquirer Payouts backed by mortgageloan pools of Standard Chartered Bank

August 20, 2009 ICRA assigns A1 rating to KEC International Limited’s enhanced CP/STD Programme

August 20, 2009 ICRA assigns LBB+ rating to bank lines of G R Constructions

August 20, 2009 ICRA assigns ratings of LAA- and A1+ to the bank lines of Chowgule and CompanyPrivate Limited

August 20, 2009 ICRA revises rating assigned to the bank lines of Super Spinning Mills Limited

August 19, 2009 ICRA assigns LBB /A4 ratings to the bank limits of SAL Steel Limited

August 19, 2009 ICRA assigns LBBB+(SO) rating to the Rs. 100 million Long Term Loan taken byTanglin Developments Limited

August 19, 2009 ICRA assigns LBBB+(SO) rating to the Rs. 200 million Long Term Loan taken byTanglin Retail Reality Developments Private Limited

August 19, 2009 ICRA downgrades and suspends the ratings assigned to the bank lines of ShamanurSugars Limited

August 19, 2009 ICRA places ratings of RMC Readymix (India) Pvt. Ltd. on rating watch with positive


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August 19, 2009 ICRA places ratings of RMC Readymix (India) Pvt. Ltd. on rating watch with positiveimplications

August 19, 2009 ICRA assigns LBBB rating to the Rs. 4 billion term loan programme of RMZ InfotechPrivate Limited

August 19, 2009 ICRA assigns LBBB-/A3+ rating to bank facilities of Network 18 Media and InvestmentsLimited

August 19, 2009 ICRA assigns A1+ rating to Canara Bank’s enhanced Certificates of Depositprogramme

August 19, 2009 ICRA assigns the A1 rating to the enhanced Rs.1000 million Commercial Paper (CP) /Short term Debt (STD) programme of Manappuram General Finance & Leasing Limited(MAGFIL)

August 19, 2009 ICRA assigns LA / A1 to the bank facilities of Amgoorie India Limited

August 19, 2009 ICRA assigns LA / A1 to the bank facilities of Koomber Tea Company Private Limited

August 19, 2009 ICRA assigns LA / A1 to the bank facilities of Stewart Holl (India) Limited

August 19, 2009 ICRA assigns Real Estate Valuer Grading of CV2- to R.B. Shah and Associates

August 19, 2009 ICRA assigns LBB+/A4+ ratings to the bank limits of India Shoes Exports PrivateLimited

August 19, 2009 ICRA assigns LBB+/A4+ ratings to the bank limits of Farida Shoes Private Limited

August 18, 2009 ICRA reaffirms its LA- rating assigned to L&T Western Andhra Tollways Private Limited

August 18, 2009 ICRA assigns LAA- rating to the bank facilities of L&T Narmada InfrastructureConstruction Enterprise Limited

August 18, 2009 ICRA reaffirms its LBBB rating of L&T Krishnagiri Thopur Toll Road Limited

August 18, 2009 ICRA revises the rating assigned to term loans of L&T Panipat Elevated Corridor Limited

August 18, 2009 ICRA reaffirms LA+ rating of L&T Transportation Infrastructure Limited

August 18, 2009 ICRA reaffirms LBB+ rating to the bank limits of C. Mahendra Exports Limited; reaffirmsA4+ rating to the bank limits for an enhanced amount

August 18, 2009 ICRA withdraws conditional rating assigned to the Rs. 4,000 million long-term loan takenby RMZ Infotech Private Limited

August 18, 2009 ICRA withdraws grading assigned to Ganeshan Builders Limited

August 18, 2009 ICRA withdraws grading assigned to Akshay Colony Project

August 18, 2009 ICRA withdraws grading assigned to Millenium - I Project

August 18, 2009 ICRA withdraws grading assigned to International Convention Centre-Phase I (TradeTower)

August 18, 2009 ICRA withdraws grading assigned to Westwind Project

August 18, 2009 ICRA upgrades ratings of 6 vehicle loan-backed transactions originated by Tata Motors;reaffirms ratings of 19 other transactions originated by Tata Motors /Tata MotorsFinance

August 18, 2009 ICRA withdraws the rating assigned to the Commercial Paper programme of SandvikAsia Limited

August 17, 2009 ICRA downgrades the rating for PTCs and assignee payouts backed by a pool ofPersonal Loans originated by Cholamandalam DBS Finance Limited (CDFL); reaffirmsratings of payouts backed by 2 other pools of Personal Loans of CDFL

August 17, 2009 ICRA assigns LBBB- to bank lines of Lala Munni Lal Mange Ram Charitable Trust

August 17, 2009 ICRA assigns LBB rating to bank lines of Action Ginni Devi Cancer Hospital

August 17, 2009 ICRA assigns LBBB- and A3 to the bank lines of Tibrewala Electronics Limited

August 17, 2009 ICRA assigns LBB rating to the bank lines of Mohtisham Complexes Private Limited

August 17, 2009 ICRA reaffirms rating for bank lines of Precot Meridian Limited

August 17, 2009 ICRA withdraws the rating assigned to the Commercial Paper programme of PolycabWires Pvt. Ltd

August 17, 2009 ICRA reaffirms the ratings for all PTC tranches and Purchaser Payouts backed by eightpools of Construction Equipment Loans originated by SREI Equipment Finance PrivateLimited (SEFPL)

August 17, 2009 ICRA reaffirms LAAA/A1+ to the bank lines of Tata Consultancy Services (TCS)

August 17, 2009 ICRA assigns highest credit quality rating to India Infoline Investment Services Ltd’sshort term debt programme For IPO financing

August 17, 2009 ICRA assigns A1+ (SO) rating to ENAM Finance Private Limited’s Short Term DebtProgramme for IPO financing

August 17, 2009 ICRA assigns A1 (SO) rating to Rathi Global Finance Ltd’s Short Term Debt Programmefor IPO Financing

August 17, 2009 ICRA assigns LA rating to the bank limits of Associated Road Carriers Limited

August 13, 2009 ICRA assigns LBB+/ A4+ rating to the bank limits of Sintech Precision Products Limited

August 13, 2009 ICRA assigns LD/ A5 ratings to the bank limits of Unitex International Private Limited

August 13, 2009 ICRA revises the rating assigned to the bank limits of M/S Minestone

August 13, 2009 ICRA reaffirms A2+ rating to Short term bank limits of Emkay Global Financial ServicesLimited

August 13, 2009 ICRA reaffirms LAA- and A1+ ratings to the bank limits of Acer India Private Limited

August 13, 2009 ICRA reaffirms its LBBB+/ A2+ rating to the bank limits of Deccan Cements Limited


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August 13, 2009 ICRA reaffirms its LBBB+/ A2+ rating to the bank limits of Deccan Cements Limited

August 13, 2009 ICRA assigns LBB+ rating to the bank lines of Parmanand and Sons Food ProductsPrivate Limited

August 13, 2009 ICRA Assigns LBB rating to the Rs 180 million bank lines of Manney EngineeringPrivate Limited

August 13, 2009 ICRA assigns conditional LAAA (SO) ratings to the Pass Through Certificates backedby new car loan pool originated by Reliance Capital Limited

August 12, 2009 ICRA assigns LAA+ / A1+ ratings for Aditya Birla Nuvo’s bank lines and debentureprogramme

August 12, 2009 ICRA assigns LBB/A4 rating to the bank lines of Vasundhara Cotton Mills PrivateLimited

August 12, 2009 ICRA revises the long term bank line rating of Perfect Knitters Limited

August 12, 2009 ICRA assigns LBB/A4 rating to the bank lines of Santosh Fine-Fab Limited

August 12, 2009 ICRA assigns LB+/A4 rating to the bank limits of Enem Nostrum Remedies PrivateLimited

August 12, 2009 ICRA revises the bank line ratings of C. Mahendra Exports Limited

August 12, 2009 ICRA revises the bank line ratings of GTN Industries Limited

August 12, 2009 ICRA assigns LBB/A4 rating to the bank lines of Santosh Fine-Fab Limited

August 12, 2009 ICRA assigns LB+/A4 rating to the bank limits of Enem Nostrum Remedies PrivateLimited

August 11, 2009 ICRA assigns A4 ratings to bank limits of Dhir International Private Limited

August 11, 2009 ICRA revises the long-term rating of Bharat Forge Limited; re-affirms the short-termrating

August 11, 2009 ICRA reaffirms moderate credit quality rating to the preference share capital ofInternational Asset Reconstruction Company (P) Limited

August 11, 2009 ICRA reaffirms highest credit quality ratings of HDFC Limited

August 10, 2009 ICRA reaffirms highest credit quality ratings to various debt instruments of InfrastructureDevelopment Finance Company Limited

August 10, 2009 ICRA revises ratings on Bank lines and fixed deposits of Oriental Hotel Limited

August 10, 2009 ICRA assigns LBB- rating to bank limits of Shree Naman Builders Private Limited

August 10, 2009 ICRA assigns LBB+ rating to bank limits of Shree Naman Hotels Private Limited

August 10, 2009 ICRA reaffirms A1 rating for the Commercial Paper programme of Tulip TelecomLimited for an enhanced amount

August 10, 2009 ICRA withdraws rating assigned to the Non- Convertible Debenture Programme of TheWaterbase Limited

August 10, 2009 ICRA assigns A1 rating to the fresh Short Term Debt (including commercial paper)programme of Venky`s (India) Limited

August 10, 2009 ICRA assigns LAA- rating to North Eastern Electric Power Corporation Limited

August 7, 2009 ICRA reaffirms LAA rating to the fund based limits/ long term non -fund based limits andA1+ rating to short term, non- fund based limits of ALSTOM Projects India Limited

August 7, 2009 ICRA: Private sector faces significant challenges in port projects

August 7, 2009 ICRA assigns LA- and A2+ rating to the bank lines of Simplex Engineering and FoundryWorks Private Limited

August 7, 2009 ICRA revises bank line ratings of VVF Limited

August 7, 2009 ICRA assigns LBB/ A4 rating to the bank lines of Guntur Spinning Mills Private Limited

August 7, 2009 ICRA assigns LBB rating to the Bank Limits of M/s M.P. Khaitan

August 7, 2009 ICRA assigns LBB/A4 ratings to the bank lines of Balarama Krishna Spinning MillsPrivate Limited

August 7, 2009 ICRA assigns LBB- rating to the Bank credit lines of Divine Infracom Private Limited

August 7, 2009 ICRA assigns LBB+/A4+ ratings to the Term Loan Limit and Non-ConvertibleDebenture/Commercial Paper Programme of Shree Naman Developers Limited

August 7, 2009 ICRA assigns A1 (SO) rating to Karvy Financial Services Limited’s Short Term DebtProgramme for IPO Financing

August 7, 2009 ICRA revises the rating assigned to the bank loans of Brigade Enterprises Limited

August 7, 2009 ICRA assigns LBB+/A4+ ratings to the bank limits of Deem Roll Tech Limited

August 5, 2009 ICRA assigns LBB-/A4 to Winsome Yarns Limited’s bank lines

August 5, 2009 ICRA assigns LBB/A4 to Winsome Textile Industries Limited’s bank lines

August 5, 2009 ICRA assigns LBBB/A3+ to bank limits of Anu’s Laboratories Limited

August 5, 2009 ICRA assigns conditional LAAA (SO) ratings to the Acquirer Payouts backed by 2mortgage loan pools originated by HDFC Limited

August 4, 2009 ICRA assigns LAA+ rating to the Secured Debentures Programme of HCL TechnologiesLimited

August 4, 2009 ICRA assigns LBB+ and A4+ ratings to the bank limits of OPG Metals Private Limited

August 4, 2009 ICRA assigns LBB+ and A4+ ratings to the bank limits of OPG Industries Limited

August 4, 2009 ICRA has assigned LA/A1 rating to the bank limits of Karuturi Global Limited

August 4, 2009 ICRA upgrades long term rating of NDPL under Basel II and reaffirms short term rating


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under Basel II and of CP programme

August 4, 2009 ICRA assigns LA-/A2+ ratings to the bank lines of Indofil Organic Industries Limited(IOIL)

August 4, 2009 ICRA assigns conditional A1+(SO) ratings to the PTCs under loan securitisationprogramme of Axis Bank

August 4, 2009 ICRA withdraws grading assigned to Infinity Project

August 4, 2009 ICRA withdraws grading assigned to Hiland Park Project (Phase-I And II)

August 4, 2009 ICRA withdraws grading assigned to ATS Greens Village Project and ATS GreensPhase – II Project

August 4, 2009 ICRA assigns LBBB- and A3 ratings to the bank limits of Indsil Energy andElectrochemicals Limited

August 3, 2009 ICRA retains A1+ rating to the Commercial Paper / short-term Non-ConvertibleDebenture Programme of Chennai Petroleum Corporation Limited

August 3, 2009 ICRA assigns LA- rating to the bank lines of The Institute of Chartered FinancialAnalysts of India (ICFAI)

August 3, 2009 ICRA assigns A1+ rating to Lupin Limited for an enhanced amount

August 3, 2009 ICRA assigns LBBB-/A3 rating to the bank lines of Khosla Profil Private Limited

August 3, 2009 ICRA assigns LBB/ A4 ratings to the bank limits of Ranganayaka Spinning Mills PrivateLimited

August 3, 2009 ICRA assigns LAA- rating to Edelweiss Capital Limited’s Enhanced Long Term Debtprogramme

August 3, 2009 ICRA assigns LBB rating to the bank lines of Global Smelters Limited

August 3, 2009 ICRA assigns LBBB- rating to the bank lines of Juhi Alloys Limited

August 3, 2009 ICRA assigns LBBB rating to the bank lines of Rimjhim Ispat Limited

July 31, 2009 ICRA assigns LAA and A1+ ratings to the bank limits of KONE Elevator India PrivateLimited

July 31, 2009 ICRA assigns LBBB-/A3 rating to the bank limits of Hariharan Foundations PrivateLimited

July 31, 2009 ICRA assigns LBBB and A2 ratings to the bank limits of Indsil Hydro Power andManganese Limited

July 31, 2009 ICRA reaffirms ratings assigned to senior PTCs under MBS programme of SundaramBNP Paribas Home Finance Limited

July 31, 2009 ICRA upgrades rating assigned to a micro-finance loan pool originated by ShareMicrofin Limited

July 31, 2009 ICRA assigns LBB ratings to the bank limits of Arcoy Bio-Refinery Private Limited

July 31, 2009 ICRA reaffirms LA and A1 ratings assigned to the bank lines of Gujarat IndustriesPower Company Limited

July 31, 2009 ICRA assigns A4+ rating to the bank credit lines of Dharam Exim

July 31, 2009 ICRA assigns A3 rating to the bank credit lines of Gunjan Exports

July 31, 2009 ICRA assigns LBBB / A3+ ratings to bank lines of Brahmaputra Infrastructure Limited

July 31, 2009 ICRA reaffirms LAA/A1+ ratings of Indraprastha Medical Corporation Limited

July 31, 2009 ICRA assigns LA/A1 rating to the bank limits of Flemingo Dutyfree Shop Private Limited

July 31, 2009 ICRA assigns A1+ rating for Redington’s short term debt programme; reaffirmsLA+/A1+ ratings to the bank facilities

July 30, 2009 ICRA reaffirms LA-/A2+ ratings for Cinemax India Limited; removes rating watch withnegative implications

July 30, 2009 ICRA assigns LBBB rating to the bank limits of Kothari Sugars and Chemicals Limited

July 30, 2009 ICRA assigns LBB/A4 rating to the bank credit lines of Nandi Vardhana Textile MillsLimited

July 30, 2009 ICRA assigns LBBB-/A3 ratings to the bank limits of Karamtara Steel Private Limited

July 30, 2009 ICRA assigns LBBB/A2 ratings to the bank limits of Karamtara Engineering PrivateLimited

July 30, 2009 ICRA revises the ratings assigned to the bank lines of Omax Autos Limited

July 30, 2009 ICRA assigns LBB+ rating to the bank limits of Arvind Motors Private Limited

July 30, 2009 ICRA assigns LA rating to term loan facilities from banks of Repco Home FinanceLimited; reaffirms ratings assigned earlier

July 29, 2009 ICRA assigns LBB+ ratings to the term loan and fund based bank limits of Hy-Tuf SteelsPrivate Limited

July 29, 2009 ICRA assigns LBB rating to the bank limits of Glittek Granites Limited

July 29, 2009 ICRA upgrades the short term rating of Deepak Steel & Power Limited from A3+ to A2

July 29, 2009 ICRA assigns A4 rating to the bank credit lines of Cream Jewellery

July 29, 2009 ICRA assigns LBB/A4 ratings to the bank facilities of Ravi Technoforge Private Limited

July 29, 2009 ICRA reaffirms LBBB+/A2+ ratings to the bank limits of Venkateshwara HatcheriesPrivate Limited

July 28, 2009 ICRA has assigned IPO Grade 3 to the proposed initial public offering of NHPC Limited

July 28, 2009 ICRA re-affirms LA/ A1 ratings to the bank facilities of Bajaj Motors Limited for an


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July 28, 2009 ICRA re-affirms LA/ A1 ratings to the bank facilities of Bajaj Motors Limited for anenhanced amount

July 28, 2009 ICRA assigns LBBB-/ A3 ratings to the bank facilities of Uniproducts India PrivateLimited

July 28, 2009 ICRA assigns LBBB- (SO)/ A3 (SO) ratings to the bank facilities of Juken UniproductsPrivate Limited

July 28, 2009 ICRA assigns LBBB-/A3 rating to the bank limits of Parixit Industries Limited

July 28, 2009 ICRA assigns LBBB- and A3 ratings to the bank limits of Rama Steel Tubes Limited

July 28, 2009 ICRA assigns LBB+ rating to Rs. 200 million Fund Based facilities of Deccan’s ParkLimited

July 28, 2009 ICRA assigns A1+(SO) rating to Television Eighteen’s Commercial Paper programme

July 27, 2009 ICRA revises the long term rating of Television Eighteen’s bank facilities

July 27, 2009 ICRA assigns LBB+ rating to bank lines of Bhavya Cements Limited

July 27, 2009 ICRA assigns A1+ (SO) rating to ENAM Finance Private Limited’s Short Term DebtProgramme

July 27, 2009 ICRA assigns LBB+ and A4+ rating to bank lines of Goel Jewellery Overseas Corp.

July 24, 2009 ICRA assigns LA+/A1+ to the bank facilities of Goodricke Group Limited

July 24, 2009 ICRA assigns LAA and A1+ ratings to the bank limits of Maharashtra ElektrosmeltLimited

July 24, 2009 ICRA retains the ratings on the bank lines and term loans of Gujarat State ElectricityCorporation Limited

July 24, 2009 ICRA Limited: Unaudited Financial Results for Quarter ended June 30, 2009

July 23, 2009 ICRA assigns LBB+ rating to Fund based and Non Fund based facilities of LaxmiMemorial Education Trust

July 23, 2009 ICRA assigns LBB/A4 ratings to the bank facilities of Pix Transmissions Limited

July 23, 2009 ICRA assigns A1 rating to the short term debt programme of KEC International Limited

July 23, 2009 ICRA reaffirms LA+/ A1+ ratings assigned to the bank lines of Dura-Line India PrivateLimited

July 23, 2009 ICRA assigns LBBB and A2 rating to bank limits of Weener Empire Plastics Limited

July 23, 2009 ICRA reaffirms LA-/A1 ratings to the bank limits of Venky`s (India) Limited (VIL); Ratingamount enhanced

July 23, 2009 ICRA assigns LBB and A4 rating to the Bank credit lines of Pramukh Gems

July 23, 2009 ICRA assigns LA / A1 ratings to the bank lines of Usha International Limited

July 22, 2009 ICRA assigns LBB rating to the Rs. 99 million term loan of DSF Grand Plazas PrivateLimited

July 22, 2009 ICRA assigns LBB/A4 ratings to the bank lines of Anand Nishikawa Company Limited

July 22, 2009 ICRA re-affirms LA+/A1 rating to the bank limits of Sanghvi Movers Limited

July 22, 2009 ICRA reaffirms LBBB+ and A2+ ratings to the bank lines of RMC Readymix IndiaPrivate Limited

July 22, 2009 ICRA revises short-term rating assigned to CP/STD programme of Archies Limited;Reaffirms LA rating assigned to its Bank lines

July 22, 2009 ICRA reaffirms LBBB- rating for the enhanced bank facilities of Modern for ModernIndustries (sole proprietary concern owned by B.B. Lal & Sons)

July 22, 2009 ICRA reaffirms LAA+ rating to Rs. 150 million NCD programme of Dabur India Limited(DIL)

July 22, 2009 ICRA retains the ratings on the bank lines and term loans of Gujarat EnergyTransmission Corporation Limited

July 21, 2009 ICRA upgrades short-term ratings of Balrampur Chini Mills Limited from A1 to A1+

July 21, 2009 ICRA assigns LA+ rating to long term sanctioned bank lines of PTC India FinancialServices Limited

July 21, 2009 ICRA places the ratings of The State Trading Corporation of India Limited on RatingWatch with Developing implications

July 21, 2009 ICRA upgrades the long term rating of Dhanalakshmi Bank to LA- from LBBB+

July 21, 2009 ICRA assigns A1+ rating to Rs. 90 billion (enhanced from Rs. 60 billion) certificate ofdeposit programme of State Bank of Mysore

July 21, 2009 ICRA upgrades short-term ratings of Triveni Engineering and Industries Limited (TEIL)from A1 to A1+

July 21, 2009 ICRA assigns LBBB- to the bank lines of Shri Rathi Steel (Dakshin) Limited

July 21, 2009 ICRA assigns LBBB- to the bank lines of Shri Rathi Steel Limited

July 21, 2009 ICRA assigns LBBB-/A3 ratings to the bank facilities of Flawless Diamond (India)Limited

July 21, 2009 ICRA assigns LBBB+/A2 ratings to the bank lines of MRO-TEK Limited

July 21, 2009 ICRA assigns high credit quality ratings to the Long term debt programme of Bajaj AutoFinance Limited

July 21, 2009 ICRA assigns LBBB+ & A2+ ratings to Apcotex Industries Limited

July 21, 2009 ICRA re-affirms A1/ LA- ratings to the bank facilities of Apollo International Limited foran enhanced amount


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July 21, 2009 ICRA assigns LBBB-/A3 ratings to the bank facilities of Mahalaxmi Rubtech Limited

July 21, 2009 ICRA assigns A1+ rating to the enhanced Certificate of Deposits Programme of IDBIBank

July 21, 2009 ICRA revises the ratings assigned to the bank lines of SMC Power Generation Limited

July 21, 2009 ICRA assigns LBBB and A3+ ratings to the bank limits of Kanishk Steel IndustriesLimited

July 21, 2009 ICRA assigns conditional A1+(SO) rating to the PTCs under loan securitisationprogramme of ICICI Bank Limited - Loan Securitisation Trust Series 59


July 21, 2009 ICRA reaffirms the ratings of Voltas Limited at LAA & A1+

July 20, 2009 ICRA revises bank-line ratings assigned to ICOMM Tele Limited (ICOMM); assignsratings to ICOMM’s enhanced limits

July 20, 2009 ICRA assigns LBB/A4 to bank limits of Jayshree Die Castings Private Limited

July 17, 2009 ICRA assigns LBB/A4 ratings to the bank lines of Tara Health Foods Limited

July 17, 2009 ICRA Assigns LBB and A4 rating to the bank limits of SSPDL Limited

July 17, 2009 ICRA assigns LAA+ rating with a stable outlook to Rs. 2.5 billion non convertibledebentures programme of Sundaram Finance Limited

July 17, 2009 ICRA assigns LAA- rating to Edelweiss Capital Limited’s Enhanced Long Term Debtprogramme

July 16, 2009 ICRA reaffirms A1+ rating for the Short-term NCD/CP of Orient Paper & IndustriesLimited

July 16, 2009 ICRA reaffirms LBBB/A2 to bank lines of PCS Technology Limited

July 16, 2009 ICRA assigns LBBB-/A3+ ratings to the enhanced bank limits of Jay Polychem (India)Limited

July 16, 2009 ICRA reaffirms ratings on various debt programmes of Global Trade Finance Limited

July 16, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of Swati Menthol & Allied ChemicalsLimited

July 16, 2009 ICRA assigns LAA+ rating to long term bank lines and A1+ rating to short term banklines of GIC Housing Finance Limited

July 16, 2009 ICRA assigns LAAA (SO) rating to Cash Deposit / Margin placed by Clearing MemberBanks with MCX – SX Clearing Corporation Limited

July 15, 2009 ICRA revises the ratings assigned to the bank lines and commercial paper programmeof Tanfac Industries Limited

July 15, 2009 ICRA assigns LBB+/A4+ ratings to Vardhman Stampings Private Limited

July 15, 2009 ICRA assigns A1 rating to the Rs. 400 million Commercial Paper Programme of J KPaper Limited

July 15, 2009 ICRA assigns LBB+ and A4+ ratings to the bank limits of Devashree Ispat (P) Limited

July 15, 2009 ICRA upgrades the long term rating& issuer rating of Hooghly Met Coke and PowerLimited to LA+; assigns short term rating of A1+ on the bank guarantee facility

July 15, 2009 ICRA reaffirms ratings assigned to senior PTCs under MBS programme of IDBI BankLimited

July 15, 2009 ICRA assigns LBB+/ A4+ rating to the bank facilities of Jeewan Motors Private Limited

July 15, 2009 ICRA assigns LA+ (SO) rating to the bank lines of NCC Urban Infrastructure Limited

July 15, 2009 ICRA assigns LBBB and A2 rating to the Bank credit lines of Aspen International PrivateLimited

July 15, 2009 ICRA Assigns LBB rating to bank lines of Pondicherry Tindivanam Tollway Limited(PTTL)

July 15, 2009 ICRA withdraws rating assigned to the CP/STD programme of Nirma Limited

July 15, 2009 ICRA withdraws rating assigned to the STD programme of Gujarat State PetroleumCorporation Limited

July 15, 2009 ICRA withdraws rating assigned to the STD programme of Sumitomo Chemical IndiaPrivate Limited

July 15, 2009 ICRA withdraws rating assigned to the STD programme of SC Enviro Agro PrivateLimited

July 14, 2009 ICRA assigns LA+ (SO) rating to the fund based limits and A1+ (SO) rating to Non fundbased limits of Intra Vidyut Limited

July 14, 2009 ICRA downgrades the long-term rating of Bihar Tubes Limited to LBBB+; reaffirms theshort-term rating of A2+

July 14, 2009 ICRA assigns highest credit quality rating to enhanced Rs. 60 billion CD Programme ofPunjab and Sind Bank

July 14, 2009 ICRA withdraws rating assigned to the PTCs enlisted below, issued under ABSprogramme originated by ICICI Bank Limited

July 14, 2009 ICRA assigns LBB rating to the bank lines of Daaj Hotels and Resorts Private Limited

July 13, 2009 ICRA downgrades the ratings assigned to the fund and non-fund based limits of STCLLimited to LC/A5

July 13, 2009 ICRA assigns LBB/A4 ratings to the bank limits of IBC Limited


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July 13, 2009 ICRA reaffirms adequate-credit-quality ratings of DHFL Vysya Housing Finance Limited

July 13, 2009 ICRA assigns LBBB+ (SO) and A2 (SO) ratings to the bank limits of QuEST Machiningand Manufacturing Private Limited

July 13, 2009 ICRA assigns A1+ rating to the Commercial Paper Programme of Chennai PetroleumCorporation Limited

July 13, 2009 ICRA assigns A1 rating to Rs. 500 million commercial paper programme of MuthootFincorp Limited

July 10, 2009 ICRA assigns LBBB-/A3 ratings to the bank facilities of Amrit Feeds Limited

July 10, 2009 ICRA reaffirms A1+ rating for Commercial Paper / Short Term Debt programme andLAA rating for the bank lines of Ericsson India Private Limited

July 10, 2009 ICRA revises the bank line ratings of Pokarna Limited

July 10, 2009 ICRA reaffirms the bank line rating of Adani Logistics Limited (erstwhile Inland ConwarePrivate Limited) post merger

July 9, 2009 ICRA reaffirms LAA- and A1+ rating to the enhanced bank credit lines of Sterling &Wilson Private Limited

July 9, 2009 ICRA reaffirms A1+ rating to the Commercial Paper programme of Godrej AgrovetLimited for an enhanced amount

July 9, 2009 ICRA withdraws Commercial Paper rating on Goldmohur Foods & Feeds Limited

July 9, 2009 ICRA Assigns LBB+ to the bank lines of M/s Sonam Builders

July 9, 2009 ICRA assigns LBBB/ A3+ rating to the bank facilities of Minda Industries Limited

July 9, 2009 ICRA withdraws the bank line rating of Adani Logistics Limited

July 9, 2009 ICRA assigns LBBB/A3+ rating to the bank credit lines of Sterling & Wilson Power GenPrivate Limited

July 9, 2009 ICRA assigns the average credit quality rating to the enhanced Long term Bank Lines ofManappuram General Finance & Leasing Limited

July 9, 2009 ICRA assigns the high credit quality rating to the Rs. 10 billion Non-ConvertibleDebenture programme of L&T Finance Limited

July 9, 2009 ICRA assigns A1+ rating to UTV Software Communications’ Commercial Paperprogramme for an enhanced amount

July 9, 2009 ICRA assigns LBBB-/A3 ratings to the bank limits of Shree Pushkar Petro ProductsLimited

July 8, 2009 ICRA assigns LBBB and A3+ ratings to bank lines of Komal Foods Private Limited(KFPL)

July 8, 2009 ICRA assigns LA+ and A1+ ratings to bank lines of Haldiram Foods InternationalLimited (HFIL)

July 8, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of Winwind Power Energy PrivateLimited

July 8, 2009 ICRA withdraws ‘A1+s’ rating assigned to the Commercial Paper Programme of J KPaper Limited

July 8, 2009 ICRA assigns LBBB-/A3 ratings to bank lines of B.G. Shirke Construction TechnologyPrivate Limited

July 8, 2009 ICRA assigns LBBB- to the bank lines of Adani Power Maharashtra Limited

July 8, 2009 ICRA assigns LBB rating to the long term loan of Starex Developers Private Limited

July 8, 2009 ICRA assigns LBB/A4 ratings to the bank limits of Satyam Enterprises

July 8, 2009 ICRA retains the ratings on the bank lines of Dakshin Gujarat Vij Company Limited

July 8, 2009 ICRA retains the ratings on the bank lines of Gujarat Urja Vikas Nigam Limited

July 8, 2009 ICRA retains the ratings on the bank lines of Paschim Gujarat Vij Company Limited

July 8, 2009 ICRA retains the ratings on the bank lines of Uttar Gujarat Vij Company Limited

July 8, 2009 ICRA retains the ratings on the bank lines of Madhya Gujarat Vij Company Limited

July 7, 2009 ICRA re-affirms LAA/A1+ ratings to the bank limits of Bharat Bijlee Limited (BBL);Rating amount enhanced, assigns fresh rating of A1+ to the captioned commercialpaper programme

July 7, 2009 ICRA assigns LA/A1 ratings to the bank lines of Secon Private Limited

July 7, 2009 ICRA assigns highest credit quality rating to the Borrowing Programme of Power GridCorporation of India Limited

July 7, 2009 ICRA assigns LBB/A4 rating to the Bank credit lines of Royal Regency Fassions PrivateLimited

July 7, 2009 ICRA assigns LBB/A4 rating to the Bank credit lines of Amit Medicos

July 7, 2009 ICRA assigns LBB/A4 rating to the Bank credit lines of Siomond PharmaceuticalsPrivate Limited

July 7, 2009 ICRA assigns A1+ rating to the Commercial Paper/Short Term Debt programme ofAshok Leyland Limited

July 7, 2009 ICRA assigns LBB rating to the long term loan of D.D. Properties Private Limited

July 7, 2009 ICRA assigns fresh ratings to the bank lines of Jindal Waterways Limited

July 7, 2009 ICRA assigns LA/ A1 rating to the bank facilities of Neel Metal Products Limited

July 7, 2009 ICRA reaffirms A1+ rating for Commercial Paper / Short Term Debt programme andNon-fund based bank lines of Jindal SAW Limited


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Non-fund based bank lines of Jindal SAW Limited

July 7, 2009 ICRA assigns LBBB-/A3 ratings to the bank limits of International Seaport DredgingLimited

July 7, 2009 ICRA assigns A1+ rating to Short Term debt programme of Jamnalal Sons PrivateLimited

July 6, 2009 ICRA has assigned IPO Grade 3 to the proposed initial public offering of Adani PowerLimited

July 6, 2009 ICRA assigns LA+/A1 rating to bank lines and A1 rating to Commercial Paper of AlliedDigital Services Limited

July 6, 2009 ICRA retains the Stakeholder Value and Governance Rating at SVG1 and CorporateGovernance Rating at CGR2+ for Godrej Consumer Products Limited

July 6, 2009 ICRA assigns LBBB-/ A3 ratings to the bank limits of TIL Exports Private Limited

July 6, 2009 ICRA assigns LBBB rating to the bank lines of Paragon Polymer Products PrivateLimtied

July 6, 2009 ICRA assigns A1+ rating to United Bank of India’s enhanced Certificate of DepositProgramme

July 3, 2009 ICRA assigns LBBB+/A2 rating to Bank Lines of Sanman Trade Impex Private Limited


July 3, 2009 ICRA assigns LBB and A4 rating to the bank credit lines of Navin Mehta & Company

July 3, 2009 ICRA assigns A4 rating to the bank credit lines of Monarch Gems

July 3, 2009 ICRA assigns LBBB- and A3 rating to bank lines of La Opala RG Limited

July 3, 2009 ICRA assigns LAA+ rating with a stable outlook to Rs. 5 billion non-convertibledebentures programme and A1+ rating to Rs. 12 billion short term debt programme ofSundaram Finance Limited

July 3, 2009 ICRA assigns LAA rating with a stable outlook to the Rs. 8 billion non-convertibledebentures programme of Kotak Mahindra Prime Limited

July 3, 2009 ICRA assigns high credit quality rating to Rs 1.75 billion lower tier 2 bonds and Rs 3.50billion Upper Tier 2 bonds of Punjab and Sind Bank

July 3, 2009 ICRA withdraws rating assigned to the PTC Series A issued by Indian LoanSecuritisation Series 9 Trust 2008.

July 3, 2009 ICRA withdraws ratings assigned to the Assignee Payouts under ABS programmes ofICICI Bank Limited

July 3, 2009 ICRA withdraws ratings assigned to the PTCs under various ABS programmes of ICICIBank Limited

July 3, 2009 ICRA withdraws ratings assigned to the PTCs under Loan Securitisation programme ofInfrastructure Leasing & Finance Limited

July 3, 2009 ICRA withdraws ratings assigned to the Second Loss Facility provided by ICICI BankLimited for Indian Retail ABS Trust 93

July 3, 2009 ICRA withdraws ratings assigned to the PTCs issued by Receivables SecuritisationTrust Series III

July 2, 2009 Incremental Concerns On Credit Quality Of Mutual Fund Schemes Recede

July 2, 2009 ICRA assigns LBB-/A4 rating to the bank limits of M/s Keya International

July 2, 2009 ICRA revises the ratings assigned to the bank lines of Firepro Systems Private Limited

July 2, 2009 ICRA revises the ratings of Biological E Limited

July 2, 2009 ICRA retains the ratings of PTCs/Purchaser payouts under eight transactions anddowngrades the rating of PTCs in one transaction originated by GE Capital TransportFinancial Services Limited (GECTFSL)

July 1, 2009 ICRA assigns LAA+/A1+ to the NCD/CP programmes of Shapoorji Pallonji & CompanyLimited

July 1, 2009 ICRA assigns LBBB-/A3 rating to the bank limits of Raymond UCO Denim PrivateLimited

July 1, 2009 ICRA assigns LA/A1 ratings to the bank facilities of Godrej Properties Limited

June 30, 2009 ICRA assigns LA+ rating to the fund based limits/long term loans and A1+ rating to nonfund based limits of Lloyd Insulations (India) Limited

June 30, 2009 ICRA assigns LBBB rating to the fund based limits and A3 rating to the non fund basedlimit of Rathi Super Steel Limited

June 30, 2009 ICRA reaffirms LBBB+ and A2+ ratings for bank facilities of Akums Drugs andPharmaceuticals Limited

June 30, 2009 ICRA assigns LA+(SO)/A1+(SO) ratings to the bank lines of Rasi Tex India PrivateLimited

June 30, 2009 ICRA assigns LBBB- / A3 ratings to the bank lines of Allied Medical Limited

June 30, 2009 ICRA reaffirms LBBB+/A2+ ratings assigned to fund based and non fund based banklines of Superhouse Limited

June 30, 2009 ICRA assigns conditional highest credit quality short term rating to the PurchaserPayouts backed by ‘loan against gold’ receivables pool originated by ManappuramGeneral Finance & Leasing Limited (MAGFIL) - MAGFIL ‘Loan against Gold’ Pool DirectAssignment June 2009

June 30, 2009 ICRA assigns LBB- rating to the bank limits of Lokmangal Agro Industries Limited


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June 30, 2009 ICRA assigns LB ratings to the bank limits of Lokmangal Sugar Ethanol andCo-generation Industries Limited

June 30, 2009 ICRA assigns LAA- to Rs. 750 million Non Convertible Debenture programme ofSchwing Stetter India Private Limited (SSIPL), reaffirms A1+ rating to commercialpaper programme of SSIPL for an enhanced amount of Rs. 1.5 billion (earlier Rs. 500million)

June 30, 2009 ICRA assigns A1+ rating to the Rs. 4 billion short term Non Convertible Debentureprogramme of Oscar Investments Limited

June 30, 2009 ICRA assigns LAAA / A1+ ratings to the bank lines of Mangalore Refinery andPetrochemicals Limited

June 30, 2009 ICRA assigns A4 rating to the bank credit lines of Navinchandra Laxmichand Shah

June 30, 2009 ICRA assigns LBBB rating to the long term loan of CSJ Infrastructure Private Limited

June 30, 2009 ICRA assigns high credit quality rating to the Rs. 2.5 billion Equity Linked DebentureProgramme of Citicorp Finance (India) Limited

June 30, 2009 ICRA assigns LA- and A2+ ratings to the bank limits of Silver Crest Clothing PrivateLimited

June 30, 2009 ICRA places LA+ (SO) rating for the Non-Convertible Debentures of OCL Iron and Steelon a rating watch with developing implications

June 30, 2009 ICRA assigns A2+ (SO) rating to the fund based limits of Planet Pickles Private Limited

June 30, 2009 ICRA withdraws the LBBB/A2 ratings assigned to the bank limits of MetroChemIndustries Limited

June 29, 2009 ICRA Assigns LBBB rating to bank lines M. D. Overseas limited

June 29, 2009 ICRA assigns LBB+/A4+ ratings to the bank limits of Shree Krishna VanaspatiIndustries Private Limited

June 29, 2009 ICRA assigns LA rating to the bank facilities of Patnaik Minerals Private Limited

June 29, 2009 ICRA assigns LBB+ rating to the bank facilities of New Modern Technomech PrivateLimited

June 29, 2009 ICRA assigns LBB-/A4 ratings to the bank limits of International Mineral TradingCompany Private Limited

June 29, 2009 ICRA assigns LBBB rating to bank limits of United Seamless Tubulaar Private Limited

June 29, 2009 ICRA assigns LBBB-/A3 ratings to the bank facilities of M/s. Prestress Wire Industries

June 29, 2009 ICRA assigns LBB+ rating to the bank facilities of Udayan Greenfields Private Limited

June 29, 2009 ICRA assigns LB+/A4 rating to bank limits of Elam Pharma Private Limited

June 29, 2009 ICRA assigns LBBB ratings to the bank lines of Raj Infrastructure Private Limited

June 29, 2009 ICRA revises ratings assigned to the bank limits of Mysore Mercantile Limited

June 29, 2009 ICRA assigns LBBB- rating to the bank limits of Seaways Shipping Limited

June 27, 2009 Increase in SMP to have little impact on sugar mills in the near term; however wouldpush up cost of production in the long-term

June 27, 2009 ICRA releases an update on the performance of MBS pools

June 27, 2009 ICRA revises the ratings assigned to bank limits of Rama Newsprint and Papers Limitedand puts it on watch with negative implications

June 26, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of Ennore Tank Terminals PrivateLimited

June 26, 2009 ICRA assigns LBBB / A2 ratings to the bank lines of IMC Limited

June 26, 2009 ICRA assigns LBBB / A2 ratings to the bank lines of United Storage and Tank TerminalsLimited

June 26, 2009 ICRA assigns LBB+/A4+ ratings to bank lines of Birla Ericsson Optical Limited

June 26, 2009 ICRA downgrades the rating for PTCs and assignee payouts backed by a pool ofPersonal Loans originated by Cholamandalam DBS Finance Limited (CDFL)

June 26, 2009 ICRA places rating of Hotel Excelsior Limited on Rating Watch with DevelopingImplications

June 26, 2009 ICRA places rating of Nehru Place Hotels Limited on Rating Watch with DevelopingImplications

June 26, 2009 ICRA withdraws ratings assigned to Senior PTCs backed by vehicle loans pooloriginated by Citicorp Finance India Limited

June 26, 2009 ICRA withdraws ratings assigned to the PTCs under Loan Securitisation programme ofDevelopment Credit Bank Limited

June 26, 2009 ICRA withdraws ratings assigned to the PTCs backed by proceeds of redemption ofRedeemable Preference Shares issued by Tata Teleservices Limited

June 25, 2009 ICRA re-affirms A1+ rating for Aditya Birla Nuvo’s short term debt (includingcommercial paper) programme

June 25, 2009 ICRA assigns LAAA rating to Tata Sons’ NCD Programme

June 25, 2009 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisationprogrammes of YES Bank Limited

June 25, 2009 ICRA withdraws ratings assigned to the PTC Series A1 issued by Transportation LoanTrust Series I, ABS programme originated by GE Capital Transportation FinancialServices Limited

June 25, 2009 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisation


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June 25, 2009 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisationprogrammes of GE Capital Services India

June 25, 2009 ICRA withdraws ratings assigned to the PTCs under various ABS programmes of TataMotors Limited

June 25, 2009 ICRA assigns LA(SO)/A1(SO) ratings to the bank lines of Ansaldo STS TransportationSystems India Private Limited

June 24, 2009 ICRA assigns A1+ rating to short term bank facilities of Dr. Reddy’s LaboratoriesLimited

June 24, 2009 ICRA assigns an LAA+/A1+ rating to the bank lines of BEML Limited

June 24, 2009 ICRA places LBBB-/A3 ratings of the bank limits of Advantec Coils Private Limited on arating watch with negative implications

June 24, 2009 ICRA assigns LA+ rating to the bank lines of Rasi Seeds Private Limited

June 24, 2009 ICRA assigns LBBB-/A3 ratings to bank lines of Capricorn Food Products India Limited

June 24, 2009 ICRA assigns LBB rating to the Bank credit lines of Sidhivinayak Filaments PrivateLimited

June 23, 2009 ICRA assigns LAA- rating to the Upper Tier II debt programme of Central Bank of India

June 23, 2009 ICRA assigns LBB+ and A4+ to the bank limits of Aeon Telectronics Private Limited

June 23, 2009 ICRA assigns A1+ (SO) rating to Non fund based limits of Sudhir Power ProjectsPrivate Limited

June 23, 2009 ICRA reaffirms A1+ rating to the CP/STD Programme of Subros Limited for anenhanced amount

June 23, 2009 ICRA revises the ratings assigned to the bank lines of The State Trading Corporation ofIndia Limited

June 22, 2009 ICRA revises the long-term rating of Sai Advantium Pharma Limited

June 22, 2009 ICRA assigns A1+ rating to short term debt programme of Birla Sun Life AssetManagement Company Limited

June 22, 2009 ICRA upgrades the ratings assigned to bank lines of Adani Wilmar Limited toLBBB+/A2+

June 22, 2009 Outlook challenging for the Indian Petrochemical and chemical sector despite modestsigns of recovery

June 22, 2009 ICRA assigns LBBB-/ A3 ratings to the bank limits of Sri Krishna PharmaceuticalsLimited

June 22, 2009 ICRA assigns LAA rating to cash credit and term loan limits from banks of KotakMahindra Prime Limited

June 19, 2009 ICRA assigns LBBB- and A3 to the bank lines of Kejriwal Paper Limited

June 19, 2009 ICRA assigns LBBB and A3+ to the bank lines of Natural Sugar and Allied IndustriesLtd.

June 19, 2009 ICRA assigns conditional A1(SO) rating to the PTCs under loan securitisationprogramme of JM Financial Products Private Limited India Commercial Loan Trust -Series 1 - 2009

June 19, 2009 ICRA reaffirms the rating for PTC tranches and assignee payouts backed by four poolsof Vehicle Loans originated by Cholamadalam DBS Finance Limited (CDFL)

June 19, 2009 ICRA upgrades the long term ratings to LBBB+ and reaffirms short term ratings at A2on the bank lines of Mather & Platt Pumps Limited

June 18, 2009 ICRA Assigns LB rating to the term loan of Ranka-N-Ranka Infrastructure PrivateLimited

June 18, 2009 ICRA assigns LBB/A4 ratings to the bank lines of YSR Spinning & Weaving Mills PrivateLimited

June 18, 2009 ICRA assigns highest credit quality ratings to Shinsei Liquid Fund

June 18, 2009 ICRA assigns highest credit quality ratings to Shinsei PSU Bond Fund – Ultra Shortterm Plan

June 18, 2009 ICRA Assigns LBB rating to bank lines of MedPlus Health Services Private Limited

June 18, 2009 ICRA withdraws ‘A3’ rating assigned to the short term non fund based limits of WestAsia Maritime Limited

June 18, 2009 ICRA assigns LAA/A1+ rating to the bank limits of Gujarat Guardian Limited

June 18, 2009 ICRA revises the bank line ratings of The Dhamra Port Company Limited

June 18, 2009 ICRA assigns highest credit quality ratings to the short term debt programme of BajajAuto Finance Limited

June 17, 2009 ICRA reaffirms A1+ rating assigned to Lupin Limited

June 17, 2009 ICRA withdraws ratings assigned to the PTCs issued by Corporate Debt Trust 2008-09Series 7

June 17, 2009 ICRA revises the short term ratings for the bank lines of Anugraha Valve CastingsLimited

June 17, 2009 ICRA downgrades rating assigned to bank lines of West Asia Maritime Limited

June 16, 2009 ICRA assigns LA- rating to the bank facilities of Krishna Maruti Limited

June 16, 2009 ICRA assigns LBB+/A4+ ratings to the bank limits of Vineetaz Exports Private Limited

June 16, 2009 ICRA assigns LBBB-(SO) rating to the outstanding bank lines of Delhi Gurgaon SuperConnectivity Limited


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June 16, 2009 ICRA assigns LBBB rating to the outstanding bank lines and Non-ConvertibleDebentures of Viramgam Mahesana Project Limited

June 16, 2009 ICRA assigns LA- and A2+ ratings to debt programmes of Andhra Pradesh CentralPower Distribution Company Limited (APCPDCL)

June 16, 2009 ICRA assigns highest credit quality ratings to the bank limits of Nhava ShevaInternational Container Terminal Private Limited

June 16, 2009 ICRA revises the long term rating of the bank facilities of Hindustan Copper Ltd; retainsthe short term rating

June 16, 2009 ICRA revises the ratings assigned to the debt programme of Haldia PetrochemicalsLimited

June 16, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of Ambika Cotton Mills Limited

June 15, 2009 ICRA reaffirms LBBB- and A3 ratings to enhanced bank limits of Solar SemiconductorPrivate Limited

June 15, 2009 ICRA retains the LAAA/A1+ ratings of National Aluminium Company Limited

June 12, 2009 ICRA assigns LA (SO)/A1 (SO) and LBBB/A3+ rating to the Bank credit lines of SterlingGenerators Private Limited

June 12, 2009 ICRA downgrades ratings of Kudos Chemie Limited

June 12, 2009 ICRA assigns highest credit quality rating to Export-Import Bank of India’s DebtProgramme

June 11, 2009 ICRA assigns A1+ rating to the bank facilities of Cargill India Private Limited

June 11, 2009 ICRA assigns A1+ rating to the bank facilities of Cargill Capital and Financial ServicesIndia Private Limited

June 11, 2009 ICRA assigns A1+ rating to the bank facilities of Cargill Global Trading India PrivateLimited

June 11, 2009 ICRA assigns LBB and A4 to the bank lines of Krushna Cotex Private Limited

June 11, 2009 ICRA downgrades the fund based limits/ Long term debt programme of Rana SugarsLimited from LBB+ rating to LB and non fund based limits from A4 + to A4

June 10, 2009 ICRA assigns LBBB+(SO) / A2+ (SO) to bank loans of Uttara Foods and Feeds PrivateLimited

June 10, 2009 ICRA assigns LBBB- rating to the term loan of Hilton Metal Forging Limited

June 10, 2009 ICRA upgrades the fund based/non fund based limits ratings of Deepak Cables (India)Limited to LBBB+/A2

June 10, 2009 ICRA upgrades rating of Second Loss Facility and rated portion of First Loss Facility in6 pools originated by ICICI Bank Limited (IBL)

June 10, 2009 ICRA re-affirms LAA-/A1+ ratings to bank lines of Prism Cement Limited

June 10, 2009 ICRA withdraws rating assigned to the PTC Series A issued by CE Pool Trust June2007

June 10, 2009 ICRA withdraws rating assigned to the Purchaser Payouts issued by IndianInfrastructure Equipment Receivables DA May 2007

June 10, 2009 ICRA reaffirms LAA-/A1+ ratings to the bank lines of Deepak Fertilizers &Petrochemicals Corporation Limited

June 9, 2009 ICRA assigns LBBB+/A2+ ratings to bank facilities of Mecon Limited; retains the LAAA(SO) rating assigned to the Government guaranteed long term bonds

June 9, 2009 ICRA Places Rating Assigned to Bonds Issues of Punjab State Electricity Board underRating Watch

June 9, 2009 ICRA retains the LAA/A1+ ratings assigned to the bank facilities of Tata Sponge IronLimited

June 9, 2009 ICRA assigns LA- (SO) rating to the bank lines of VS Net Limited

June 9, 2009 ICRA revises bank line ratings of Gini & Jony Limited

June 9, 2009 ICRA withdraws the A1+ rating assigned to the Commercial Paper programme of E.I.DuPont India Private Limited

June 9, 2009 ICRA assigns mfA1+ rating to Templeton Floating Rate Income Fund-Short Term Plan

June 8, 2009 Update for 2008-09 Performance of ICRA-Assigned Ratings—II

June 8, 2009 ICRA assigns LBBB-/ A3 ratings to the bank facilities of Pitti Laminations Limited

June 8, 2009 ICRA assigns LB+ and A4 ratings to the bank limits of Annur Satya Textile Limited

June 8, 2009 ICRA assigns a positive outlook to the long term rating of Indian Oil Corporation Limited

June 8, 2009 ICRA assigns LBBB-/A3 ratings to the bank lines of Eros Resorts & Hotels Limited

June 5, 2009 ICRA Reaffirms the Ratings of Tamil Nadu Newsprint and Papers Limited

June 5, 2009 ICRA assigns LBBB+ rating to bank lines of HIKAL Limited

June 5, 2009 ICRA reaffirms LAAA rating and assigns A1+ rating to the bank lines of Wipro Limited

June 5, 2009 ICRA assigns LA- and A1 to the bank lines of Lafarge Aggregate and Concrete IndiaPrivate Limited

June 5, 2009 ICRA reaffirms highest ratings to various debt programmes of SBI Factors &Commercial Services Private Limited

June 5, 2009 ICRA assigns A3 to bank lines of Interjewel

June 4, 2009 ICRA revises rating assigned to bank lines of RKSK Overseas Private Limited


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June 4, 2009 ICRA assigns A1+ rating to Non fund based limits of Sudhir Gensets Limited

June 3, 2009 ICRA assigns A4 rating to the bank facilities of Navjyot International Trading PrivateLimited

June 3, 2009 ICRA reaffirms the CGR2 rating of 3i Infotech Limited

June 3, 2009 ICRA assigns LAA+/ A1+ ratings to the bank limits of Bosch Chassis Systems IndiaLimited

June 3, 2009 ICRA reaffirms LA/A1 ratings for the bank limits of Kakinada Seaports Limited

June 3, 2009 ICRA Assigns LBB+/ A4+ rating to bank limits of Sahyadri Agro Produce and DairyPrivate Limited

June 3, 2009 ICRA assigns LA- (SO) rating to the fund based limits of Siva Ventures

June 3, 2009 ICRA assigns LBB- to the bank limits of HES Infra Private Limited

June 3, 2009 ICRA assigns LBBB+ and A2 rating to the enhanced bank limits of Mineral EnterprisesLimited

June 3, 2009 ICRA downgrades the rating for PTCs and assignee payouts backed by a pool ofPersonal Loans originated by Cholamandalam DBS Finance Limited (CDFL); reaffirmsratings of payouts backed by 2 other pools of Personal Loans of CDFL

June 2, 2009 ICRA revises the long term rating assigned to the bank lines of Gujarat Narmada ValleyFertilizers Company Limited (GNFC); reaffirms short term ratings

June 2, 2009 ICRA withdraws rating assigned to the PTC series A3 issued by Indian Retail ABS TrustSeries XV

June 2, 2009 ICRA assigns LBBB-/A3 to the bank lines of Mahindra Hinoday Industries Limited

June 2, 2009 ICRA assigns LBB to the bank lines of OPG Power Gujarat Private Limited

June 2, 2009 ICRA retains IrAAA rating assigned to Shipping Corporation of India

June 2, 2009 ICRA reaffirms the ratings of LA+ and A1+ for the bank lines of Torrent cables limited

June 2, 2009 ICRA downgrades rating of Sree Rayalaseema Alkalies & Allied Chemicals Limited

June 1, 2009 ICRA assigns A1+s on the commercial paper programme of KEC International Limited

June 1, 2009 ICRA assigns LA- rating to Lower Tier II Bonds Programme of The Bank of RajasthanLimited; places long term ratings on negative outlook

June 1, 2009 ICRA assigns LBBB-/ A3 ratings to the bank limits of Tablets (India) Limited

June 1, 2009 ICRA assigns LAAA(SO) rating with negative outlook to the Rs. 9.75 billion term loans ofFamily Credit Limited

June 1, 2009 ICRA enhances rated amount of bank loans, and withdraws rating for PartiallyConvertible Debenture programme of Television Eighteen India Limited

June 1, 2009 ICRA withdraws short-term rating assigned to Vipul Limited

June 1, 2009 ICRA withdraws “MA–” rating assigned to the Fixed Deposit Programme of India LeaseDevelopment Limited

June 1, 2009 ICRA assigns LA/ A1 rating to bank facilities of Super Religare Laboratories; withdrawsrating assigned to NCD programme

May 29, 2009 ICRA assigns an LBB+(SO) rating to the term loan programme of Hyderabad AirportSecurity Services Limited

May 29, 2009 ICRA revises the rating assigned to the term loan programme of GMR HyderabadInternational Airport limited and assigns ratings of LBBB-/A3 to its bank lines

May 28, 2009 ICRA revises the bank line ratings of Tubeknit Fashions Limited

May 28, 2009 ICRA assigns A1+ rating to bank limits of Henkel India Limited

May 28, 2009 ICRA assigns A1+ rating to bank limits of Henkel Marketing India Limited

May 28, 2009 ICRA assigns a final LBBB+(SO) rating to the Regular Return Bond Programme of Rs.7.50 billion of Punjab Infrastructure Development Board

May 27, 2009 ICRA releases an update on the performance of ABS pools

May 27, 2009 ICRA assigns A1 rating to the short term debt (including Commercial Paper)programme of Karuturi Global Limited

May 27, 2009 ICRA assigns LBBB and A3+ to bank lines of Amiantit Fiberglass Industries PrivateLimited

May 27, 2009 ICRA assigns A4 rating to the bank credit Lines of Lathiya Brothers

May 27, 2009 ICRA reaffirms the ratings at LBBB and A2 on the bank lines of Adani Power Limited

May 27, 2009 ICRA assigns LA- Rating to the NCD programme of Siva Ventures Limited

May 27, 2009 ICRA assigns LA- Rating to the NCD programme of Sterling Infotech Limited

May 27, 2009 ICRA assigns LBBB- and A3 ratings to the Bank credit lines of Acrysil Limited

May 27, 2009 ICRA revises long term rating assigned to Vipul Limited

May 27, 2009 ICRA’s Comments on Bharti Airtel Limited’s ongoing negotiations with MTN

May 26, 2009 ICRA reaffirms the A1+ rating assigned to the CP programme of Gujarat StateFertilizers & Chemicals Limited

May 26, 2009 ICRA assigns A1+ rating to the Commercial Paper Programme of HCL TechnologiesLimited

May 26, 2009 ICRA Assigns LBBB- rating to bank limits of Rucha Engineers Private Limited

May 26, 2009 ICRA retains the highest Corporate Governance Rating of Infosys Technologies Limited

May 26, 2009 ICRA assigns LBB+ rating to the bank limits of Saboo Sodium Chloro Limited


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May 26, 2009 ICRA assigns LBB+ rating to the bank limits of Saboo Sodium Chloro Limited

May 26, 2009 Improved Outlook for the Sugar Sector in the Near Term; Cane Availability would be thekey driver of Profit Growth

May 26, 2009 ICRA revises the bank line ratings of S.P. Apparels Limited

May 26, 2009 ICRA assigns LBBB-/ A3 ratings to the bank limits of Indus-League Clothing Limited

May 26, 2009 ICRA assigns LA-/A1 rating to the bank facilities of RFCL Limited for an enhancedamount

May 25, 2009 ICRA assigns LBB & A4 ratings to the bank facilities of Shree Arun PackagingCompany Private Limited

May 25, 2009 ICRA assigns LBB and A4 rating to the bank limits of Rushil Industries Limited

May 25, 2009 ICRA assigns LBBB- rating to the fund based limits/ Long term debt programme ofShakumbari Sugar and Allied Industries Limited

May 25, 2009 ICRA places LA-/A1 ratings of the bank limits of CMS Computers Ltd on a rating watchwith developing implications

May 25, 2009 ICRA revises the rating of the bank facilities of Ind Swift Limited

May 25, 2009 ICRA revises the rating assigned to the bank lines of Fun Multiplex Private Limited

May 25, 2009 ICRA assigns LBB+ and A4+ rating to the bank limits of Kewalram Textiles PrivateLimited

May 25, 2009 ICRA places ratings of Cinemax India Limited on rating watch with negative implications

May 25, 2009 ICRA assigns LBBB- and A3 rating to the Bank lines of Alpha Services

May 25, 2009 ICRA revises bank line ratings of Pricol Limited

May 25, 2009 ICRA revises long term ratings of Barclays Investments & Loans (India) Limited

May 22, 2009 ICRA upgrades rating of PTCs backed by a commercial vehicle loan pool originated byICICI Bank Limited (IBL); retains the rating of 44 PTC tranches / assignee payouts anddowngrades the rating of 6 tranches belonging to various pools, all originated by IBL

May 22, 2009 ICRA retains LAAA (SO) rating of Liquidity Facility provided in 22 pools originated byICICI Bank Limited

May 22, 2009 ICRA assigns LBB-/A4 to bank limits of Anand Teknow Aids Engineering India Limited

May 22, 2009 ICRA assigns LBB-/A4 to bank limits of Greatweld Steel Grating Private Limited

May 22, 2009 ICRA assigns LA-/A2+ ratings to bank limits of Sinosteel India Private Limited

May 22, 2009 ICRA assigns LBB- rating to bank limits of Shingote Agro Foods Private Limited

May 22, 2009 ICRA assigns LBBB- rating to the bank lines of Mail Order Solutions (India) PrivateLimited

May 21, 2009 ICRA assigns LA/ A1 rating to the bank facilities of Jay Bharat Maruti Limited

May 21, 2009 ICRA assigns LA (SO)/A1 (SO) rating to the bank lines of Noble Consolidated GlazingsLimited (NCGL)

May 21, 2009 ICRA revises the ratings assigned to the bank lines of Jindal Mectec Private Limited

May 21, 2009 ICRA assigns LBB and A4 ratings to the bank limits of Agni Steels Private Limited

May 21, 2009 ICRA assigns A4 rating to the bank credit lines of D. Naresh Kumar

May 21, 2009 ICRA Assigns LBB+/A4+ rating to bank limits of Pandit Automotive Private Limited

May 21, 2009 ICRA Assigns LBBB/ A3+ rating to bank limits of Poona Flour and Foods

May 21, 2009 ICRA Assigns LBBB/ A3+ rating to bank limits of Poona Dal and Oil Industries Limited

May 21, 2009 ICRA Assigns LBBB/ A3+ rating to bank limits of Poona Roller Flour Mills Limited

May 20, 2009 ICRA assigns LBBB- rating to term-loan of Unique Technobuild Private Limited

May 20, 2009 ICRA reaffirms short term rating at A1+ to the Commercial Paper/Short-Term Debtprogramme of CESC Limited

May 20, 2009 ICRA assigns A1+ rating to Airport Authority of India (AAI)

May 20, 2009 ICRA assigns highest credit quality rating to the Rs. 250 billion Long Term borrowingprogramme of Rural Electrification Corporation Limited

May 20, 2009 ICRA revises the ratings of Hind Metals & Industries Private Limited to LB and A4

May 19, 2009 ICRA Limited: Audited Financial Results for Quarter and Year ended March 31, 2009

May 19, 2009 ICRA assigns LB and A4 rating to the bank limits of Yash Papers Limited

May 19, 2009 ICRA assigns A4+ rating to the bank credit lines of Sumit Diamond (India) PrivateLimited

May 19, 2009 ICRA assigns LBBB-/A3 ratings to the bank limits of Jaguar Overseas Limited

May 19, 2009 ICRA assigns LBB+ rating to the fund based limits and A4+ rating to the non fund basedlimits of R K Electrical Industries (India) Private Limited

May 19, 2009 ICRA assigns LBBB+ rating to the Term Loans of Select Infrastructure Private Limited

May 19, 2009 ICRA Assigns LB rating to bank limits of Nu-Tech Prasiddhi Consortium

May 19, 2009 ICRA withdraws ‘A1+’ rating assigned to the Commercial Paper Programme of GECapital Transportation Financial Services Limited

May 19, 2009 ICRA upgrade ratings of bank credit lines of Sree Metaliks Limited to LBBB-/A3 fromLBB+/A4+

May 19, 2009 ICRA withdraws rating assigned to the Commercial Paper Programme of Pricol Limited

May 18, 2009 ICRA Assigns LBB and A4 rating to bank limits of Sri Krishna Shelters Private Limited


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May 18, 2009 ICRA Assigns LBB and A4 rating to bank limits of Sri Krishna Shelters Private Limited

May 18, 2009 ICRA upgrades rating of Bank credit lines of Krishnapatnam Port Company Limited toLBBB and retains NCD rating at LBBB+(SO)

May 18, 2009 ICRA reaffirms high credit quality rating to Long-term Bonds and Fixed DepositsProgramme of HUDCO

May 18, 2009 ICRA assigns LBB+/A4+ ratings to the bank facilities of Burn Standard CompanyLimited

May 18, 2009 ICRA assigns LBB+ rating to Bank Limits of Patikari Power Private Limited

May 18, 2009 ICRA assigns LAA/A1+ rating to the Bank lines of Oriental Hotels Limited. ICRA revisesmedium term rating on Oriental Hotel Limited’s public deposits

May 15, 2009 ICRA assigns LBBB-/A3 rating to the bank lines of Polynova Industries Limited

May 15, 2009 ICRA assigns LBBB/A3+ ratings to the bank limits of Ronch Polymers Private Limited

May 15, 2009 ICRA assigns conditional LAAA (SO) ratings to the Fully Guaranteed, Low Coupon,Premium Redemption Debentures issued by Tata Motors Limited

May 15, 2009 ICRA assigns LBBB- rating to term loan facilities of Belgaum Wind farm Private Limited(BWFPL)

May 15, 2009 ICRA assigns LBBB- and A3 ratings to the Rs 571.1 million bank facilities of ApexDrugs and Intermediates Limited

May 15, 2009 ICRA assigns LA-/A2+ ratings to the bank facilities of Minex Metallurgical CompanyLimited

May 15, 2009 ICRA Limited: Audited Financial Results for Quarter and Year ended March 31, 2009

May 14, 2009 ICRA Assigns LBB+ / A4+ rating to the bank facilities of DD Industries Limited

May 14, 2009 ICRA revises rating assigned to the bank loans of Sheth Developer Private Limited

May 14, 2009 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisationprogrammes originated by ABN AMRO Bank

May 14, 2009 ICRA withdraws ratings assigned to Senior PTCs backed by loan pool originated bySREI Infrastructure Finance Limited

May 14, 2009 ICRA withdraws ratings assigned to the PTC series A7X, series A7Y and series A7Zissued by Indian Retail ABS Trust series 92.

May 14, 2009 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisationprogrammes originated by Kotak Mahindra Prime Limited

May 14, 2009 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisationprogrammes of Standard Chartered Bank Limited.

May 14, 2009 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisationprogrammes of IDBI Limited.

May 14, 2009 ICRA assigns highest credit quality rating to the borrowing programme of IndianRailway Finance Corporation

May 13, 2009 ICRA reaffirms the A1+s rating assigned to the Commercial Paper programme of H&RJohnson (India) Limited

May 13, 2009 ICRA assigns LA+ and A1 ratings to the bank limits of Rittal India Private Limited

May 13, 2009 ICRA reaffirms A1+ rating for the bank limits of Tata Petrodyne Limited

May 13, 2009 ICRA Assigns LBBB- / A3 rating to the bank facilities of Rohan Motors Limited

May 13, 2009 ICRA Assigns LBB+ / A4+ rating to the bank facilities of Escorts Limited

May 13, 2009 ICRA reaffirms ratings assigned to senior PTCs under 3 MBS programmes of DeutschePostbank Home Finance

May 13, 2009 ICRA assigns LBBB- / A3 ratings to bank lines of U.P. Telelinks Limited

May 13, 2009 ICRA assigns A4 rating to the bank lines of Crystal Granites and Marble Private Limited

May 13, 2009 ICRA assigns A4+ rating to the bank lines of M/s Ratnaraj

May 13, 2009 ICRA reaffirms highest credit quality ratings to the outstanding subordinated bondsprogramme of State Bank of Travancore

May 13, 2009 ICRA assigns LAA- rating to long term bank facilities of VE Commercial VehiclesLimited

May 13, 2009 ICRA revises the rating for the Bond Programme of Maharashtra Water ConservationCorporation

May 13, 2009 ICRA assigns LA ratings to the bank limits of Karuturi Global Limited

May 12, 2009 ICRA reaffirms highest credit quality ratings assigned to Tier II Bonds of State Bank ofPatiala and withdraws the rating assigned to the Certificate of Deposit Programme

May 12, 2009 ICRA reaffirms highest credit quality ratings to various debt instruments of State Bank ofHyderabad

May 12, 2009 ICRA downgrades the rating assigned to the bank lines of Vah Magna Retail PrivateLimited

May 12, 2009 ICRA assigns LA+/A1+ rating to bank limits of Subros Limited for enhanced amount

May 12, 2009 ICRA assigns LBBB- and A3 ratings to bank limits of Laxcon Steels Limited

May 12, 2009 ICRA assigns LA(SO)/ A1(SO) ratings to bank limits of Consolidated Interiors Limited

May 12, 2009 ICRA assigns LBB+/A4+ to the bank facilities of Carbon Resources Private Limited

May 11, 2009 ICRA assigns conditional LA+ (SO) rating to Rs.6 billion Non Convertible BondProgramme of Tamil Nadu Electricity Board

May 11, 2009 ICRA assigns LBBB-/A3 ratings to the bank lines of Shalimar Pellet Feeds Limited


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May 11, 2009 ICRA assigns LBBB-/A3 ratings to the bank lines of Shalimar Pellet Feeds Limited

May 11, 2009 ICRA assigns LBBB / A2 ratings to bank facilities of Hazira Pipe Mill Limited

May 11, 2009 ICRA assigns LBBB-/A3 to bank lines of Fancy Fittings Limited

May 8, 2009 ICRA assigns high-credit-quality rating to the Rs. 7.5 billion NCD’s and Bankborrowings of Tata Capita Limited

May 8, 2009 ICRA assigns highest credit quality ratings to debt schemes of Morgan Stanley MutualFund

May 8, 2009 ICRA assigns LBB-/A4 rating to Oswal F. M. Hammerle Textiles Limited’s bank lines

May 8, 2009 ICRA assigns LA rating to the fund based limits and A1 rating to short term non fundbased limits of Boving Fouress (P) Limited

May 8, 2009 ICRA downgrades the rating assigned to TDI Infrastructure Limited

May 8, 2009 ICRA downgrades the rating assigned to the NCD programme of Finolex IndustriesLimited

May 8, 2009 ICRA assigns LA-/A1 ratings to the bank limits of Kale Consultants Limited

May 8, 2009 ICRA assigns LBBB/A3+ ratings to the bank lines of Emerald Jewel Industry IndiaLimited

May 8, 2009 ICRA assigns LBB-/A4 ratings to the bank lines of Madras Medical Mission

May 8, 2009 ICRA assigns an A3+ rating to the bank lines of Mann Hummel Filter Private Limited

May 8, 2009 ICRA assigns A1+ rating to the enhanced bank limits of Indraprastha Gas Limited

May 8, 2009 ICRA withdraws the MC rating assigned to the FD programme of MFL

May 8, 2009 ICRA assigns LBBB-/A3 ratings to the Bank Limits of Laxmi Organic Industries limited

May 8, 2009 ICRA assigns LBBB- rating to the bank Lines of Uttam Galva Metallics Limited

May 6, 2009 ICRA assigns LBBB+/A2 rating to Halonix Limited’s bank lines

May 6, 2009 ICRA assigns LBBB+ & A2 ratings to Unimark Remedies Limited

May 6, 2009 ICRA revises the bank line ratings of Cambridge Solutions Limited

May 6, 2009 ICRA assigns long term ratings of LA on the bank lines and proposed bond issue ofWest Bengal State Electricity Transmission Company Limited

May 6, 2009 ICRA assigns LBBB/A2 ratings to the bank lines of ABT Limited

May 6, 2009 ICRA assigns LBB/A4 ratings to the bank lines of Sriram Spinning Mills Limited

May 6, 2009 ICRA assigns ratings to the bank lines of Ramco Systems Limited

May 6, 2009 ICRA assigns LA-(SO) rating to the bank facilities of Delhi Waste Management Limited

May 5, 2009 ICRA reaffirms highest credit quality rating to AIG Short Term Fund

May 5, 2009 ICRA assigns “IPO Grade 2” to the proposed IPO of Raj Oil Mills Limited

May 5, 2009 ICRA assigns LBB+ rating to the bank limits of Teesta Urja Limited

May 5, 2009 ICRA assigns highest credit quality rating to Canara Robeco Dynamic Bond Fund

May 5, 2009 ICRA assigns A1+ rating to Short Term debt programme of Jamnalal Sons PrivateLimited

May 5, 2009 ICRA assigns LAA- rating with negative outlook to the Rs. 2 billion Subordinated debtprogramme of Cholamandalam DBS Finance Limited

May 5, 2009 ICRA assigns LAA- rating with negative outlook to the Rs. 2 billion Subordinated debtprogramme of Cholamandalam DBS Finance Limited

May 4, 2009 ICRA assigns LBB+/A4+ rating to the Bank lines of Sagar Grandhi Exports PrivateLimited

May 4, 2009 ICRA assigns LBB and A4 ratings to bank limits of Akshay Aluminium Alloys

May 4, 2009 ICRA assigns LBB and A4 ratings to bank limits of Namo Alloys Private Limited

May 4, 2009 ICRA assigns LBB/A4 rating to bank limits of Sri Lakshmikantha Spinners Limited

May 4, 2009 ICRA assigns LBB+/A4+ rating to Sportking India Limited’s bank lines

May 4, 2009 ICRA assigns LBB rating to Nirmal Seeds Private Limited

May 4, 2009 ICRA assigns LBBB- rating to the bank facilities of Salasar Steel And Power Limited

May 4, 2009 ICRA Assigns LBBB Rating to Rs. 15.0 billion Fund-Based Limits of Anant RajIndustries Limited

May 1, 2009 ICRA assigns LBB/A4 ratings to the bank facilities of Oripol Industries Limited

May 1, 2009 ICRA Assigns LBB+ rating to term loan of Balaji Action Buildwell

May 1, 2009 ICRA Assigns LBBB- rating to bank lines of JHS Svendgaard Hygiene Products Limited

April 30, 2009 ICRA assigns LAA/A1+ ratings to Bank Lines of Grindwell Norton Limited; reaffirms A1+rating to the short term debt program (including commercial paper)

April 30, 2009 ICRA enhances LA+ and A1 ratings to the debt programmes of Shree Renuka SugarsLimited (SRSL)

April 30, 2009 ICRA reaffirms mfA1+ratings to the debt schemes of SBI Funds Management PrivateLimited

April 30, 2009 ICRA reaffirms highest credit quality ratings to various debt instruments of State Bank ofMysore

April 30, 2009 ICRA reaffirms highest credit quality rating to various debt instruments of State Bank ofBikaner & Jaipur

April 30, 2009 ICRA withdraws the rating assigned to the Bond Programme of Greater Hyderabad


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April 30, 2009 ICRA withdraws the rating assigned to the Bond Programme of Greater HyderabadMunicipal Corporation

April 30, 2009 ICRA assigns LBBB+ rating to the bank facilities of R P Infosystems Private Limited

April 30, 2009 ICRA retains the LA+ / A1+ ratings of the various debt programs of Essel Mining &Industries Ltd

April 30, 2009 ICRA revises long-term rating, and withdraws short-term rating, assigned to the banklines of Quintegra Solutions Limited

April 29, 2009 ICRA assigns LBB+ ratings to the bank limits of Navkar Corporation Limited

April 29, 2009 ICRA withdraws the rating assigned to the Commercial Paper Programme of FamilyCredit Limited (erstwhile Apeejay Finance Group Limited)

April 29, 2009 ICRA retains the highest Stakeholder Value and Governance Rating of Wipro Limited

April 29, 2009 ICRA assigns LB+ and A4 rating to the term loans and bank limits of InternationalElectron Devices Limited (IEDL)

April 29, 2009 ICRA assigns A3 rating to the bank limits of Goenka Diamond & Jewels Limited

April 29, 2009 ICRA assigns LBB/A4 ratings to the bank lines of Sai Global Yarntex (India) PrivateLimited

April 28, 2009 ICRA Assigns LB- and A4 rating to bank limits of Samtel Glass Limited

April 28, 2009 ICRA re-affirms highest credit quality rating to the short term debt programme ofKirloskar Oil Engines Limited

April 28, 2009 ICRA assigns the highest credit quality rating to the Rs. 200 billion Long-term BorrowingProgram for the financial year 2009-10 of Power Finance Corporation

April 28, 2009 ICRA assigns issuer rating of IrAAA to SBI DFHI Limited

April 28, 2009 ICRA reaffirms highest credit quality rating to debt schemes of Fidelity Mutual Fund

April 28, 2009 ICRA reaffirms highest credit quality rating to debt schemes of Mirae Asset Mutual Fund

April 28, 2009 ICRA reaffirms mfAAA (SO) to SBI Capital Protection Oriented Fund – Series I

April 28, 2009 ICRA reaffirms highest credit quality rating to debt schemes of Birla Sun Life MutualFund

April 28, 2009 ICRA revises bank-line ratings assigned to Consolidated Construction ConsortiumLimited (CCCL); assigns ratings to CCCL’s enhanced limits

April 27, 2009 ICRA assigns LBBB / A2 ratings to Metro Exporters Private Limited

April 27, 2009 ICRA assigns conditional LAAA (SO) ratings to the Acquirer Payouts backed bymortgage loan pool of Rs. 1746.3 million originated by Cholamandalam DBS FinanceLimited - CDFL Mortgage Loan Pool Direct Assignment March 2009

April 27, 2009 ICRA reaffirms highest credit quality rating to various debt instruments of State Bank ofIndore

April 24, 2009 ICRA reaffirms LBBB+ rating assigned to the bank limits of QuEST Holding CompanyInc.

April 24, 2009 ICRA assigns LA rating to the bank lines of Future Capital Holdings Limited

April 24, 2009 ICRA assigns LBB+ rating to the bank limits of The Saswad Mali Sugar Factory Limited

April 24, 2009 ICRA assigns LBB+/A4+ ratings to the bank limits of Subhasri Pigments Private Limited

April 24, 2009 ICRA assigns LBBB-/A3 ratings to Milkfood Limited’s bank lines. ICRA also assigns MA-to the fixed deposit programme

April 24, 2009 ICRA assigns LB ratings to the term loan and bank lines of Photokina Chemicals PrivateLimited

April 24, 2009 ICRA assigns LBBB- ratings to the bank limits of Preeti Logistics Limited

April 23, 2009 ICRA reaffirms LA + and A1 + ratings assigned to bank lines of the Saraswati IndustrialSyndicate Limited (SISL)

April 23, 2009 ICRA reaffirms LA- and A1 ratings assigned to bank lines of the Saraswati Sugar MillsLimited (SSML)

April 23, 2009 ICRA re-affirms Highest Credit Quality Rating to Short Term Debt Programme of ECLFinance Ltd

April 23, 2009 ICRA assigns LAA- rating to Edelweiss Capital Ltd’s Enhanced Long Term Debtprogramme

April 23, 2009 ICRA re-affirms ratings to enhanced bank lines of Khazana Jewellery Private Limited atLBBB-/A3

April 23, 2009 ICRA assigns LBB+/A4+ ratings to the bank limits of Prince Gem and Jewelry PrivateLimited

April 23, 2009 ICRA Assigns LBBB- rating to the bank facilities of Shri Ram Murti Smarak Trust

April 23, 2009 ICRA assigns LBB and A4 to the bank facilities of United Brothers

April 22, 2009 ICRA upgrades ratings of Shyama Power (India) Limited to LBBB and A3+

April 22, 2009 ICRA assigns LBBB- rating to bank lines of Silica Ceramica Private Limited

April 22, 2009 ICRA assigns LAA rating to the Rs. 23.66 billion bank facilities of L&T InfrastructureFinance Company

April 22, 2009 ICRA assigns LA-/A1 ratings to the bank limits of Shell MRPL Aviation Fuels andServices Private Limited

April 22, 2009 ICRA assigns LA and A1 ratings to the bank limits of Navayuga Engineering CompanyLimited and withdraws the LA rating assigned to the Rs. 1 billion NCD programme

April 21, 2009 ICRA assigns LAAA rating to Tata Sons’ NCD Programme


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April 21, 2009 ICRA assigns LAAA rating to Tata Sons’ NCD Programme

April 21, 2009 ICRA Assigns LBB rating to the bank facilities of AIPL Ambuja Housing and UrbanInfrastructure Limited

April 21, 2009 ICRA assigns LBBB- rating to the long term loans, fund based and non fund basedlimits of Rallison Electricals Private Limited

April 21, 2009 ICRA assigns an LAA rating to the Rs 1 billion proposed Non Convertible Debenture andretains the ratings of other debt programmes of Graphite India Ltd

April 21, 2009 ICRA assigns LA rating to Rs. 1 billion long-term debt of Madhucon Projects Limited(MPL)

April 21, 2009 ICRA assigns LBB rating to bank limits of Cauvery Medical Center Limited

April 21, 2009 ICRA assigns LBB- / A4 ratings to Shyam Industries Limited

April 21, 2009 ICRA assigns A4+ rating to bank lines of S.R.R. Jewels

April 21, 2009 ICRA assigns LAA+ to the Senior / Lower Tier II Bonds Programme and LAA to theUpper Tier II Bonds Programme of IDBI Bank

April 21, 2009 ICRA revises the long term rating assigned to the bank lines of Motherson SumiSystems Limited; retains short term ratings

April 20, 2009 ICRA assigns LA+/A1 rating to the bank lines of Zee News Limited

April 20, 2009 ICRA Assigns LBB rating to bank limits of B.L. Kapur Memorial Hospital

April 20, 2009 ICRA reaffirms ratings of schemes of Tata Mutual Fund

April 20, 2009 ICRA Assigns LBBB- and A3 rating to bank limits of Pratibha Constructions Engineers& Contractors (India) Private Limited (PCECPL)

April 17, 2009 ICRA assigns LBB+ and A4 rating to the bank limits of K R Pulp and Papers Limited

April 17, 2009 ICRA assigns LBB/A4 rating to bank limits of British Scaffolding International Limited

April 17, 2009 ICRA assigns LA- and A2+ to the revised bank limits of KMC Constructions Limited

April 17, 2009 ICRA assigns adequate-credit-quality rating to the Rs. 1 billion bond programme ofTourism Finance Corporation of India Limited

April 17, 2009 ICRA assigns LBBB-/ A3 rating to the bank facilities of Minda Corporation Limited

April 17, 2009 ICRA assigns LBB+ and A4+ to the bank lines of OPG Power Generation PrivateLimited

April 17, 2009 ICRA assigns LBBB+/A2+ rating to the bank lines of Reid & Taylor (India) Limited

April 16, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of Sun Nirman Infrastructure PrivateLimited

April 16, 2009 ICRA assigns LBB/A4 ratings to the bank lines of Durairaj Mills Limited

April 16, 2009 ICRA assigns conditional A1+(SO) ratings to the PTCs under loan securitisationprogramme of Yes Bank - Indian Corporate Loan Securitisation Trust 2009 - Series 1

April 16, 2009 ICRA assigns LA+ rating to fund based limits of Walker, Chandiok & Company

April 16, 2009 ICRA assigns LA+ rating to fund based facilities of Grant Thornton

April 16, 2009 ICRA assigns LBBB+ and A2 rating to the bank lines of G.R. Engineering PrivateLimited

April 16, 2009 ICRA assigns A4 ratings to M/s. B. Arvindkumar & Company

April 16, 2009 Rating downgrades surge in 2008-09; outlook weak but showing some signs ofimprovement

April 15, 2009 ICRA reaffirms A1+ rating to Securities Trading Corporation of India Limited’sShort-Term Debt Programme

April 15, 2009 ICRA reaffirms A1+ rating to STCI Primary Dealer’s Short-Term Debt Programme

April 15, 2009 ICRA downgrades rating of Vizag Seaport Private Limited

April 15, 2009 ICRA assigns LAAA rating to ICICI bank limited’s subordinated debt programme

April 15, 2009 ICRA assigns LA+ rating to the fund based limits and A1+ rating to short term non fundbased limits of NTPC - ALSTOM Power Services Private Limited

April 15, 2009 ICRA assigns LBBB- rating to the bank facilities of Sona Fuji Kiko Automotive Limited

April 15, 2009 ICRA withdraws A1+ rating to the Rs. 20 billion Bonds Programme of AMEX Bank

April 15, 2009 ICRA revises the rating assigned to the long term debt programme of Sri BhagawanMahaveer Jain Educational & Cultural Trust

April 13, 2009 ICRA assigns LA+ and A1+ rating to the bank credit lines of Universal Comfort ProductsPrivate Limited

April 13, 2009 ICRA revises the ratings assigned to the bank lines of Teledata Informatics Limited

April 13, 2009 ICRA revises the long-term rating assigned to the bank lines of Teledata MarineSolutions Limited

April 13, 2009 ICRA assigns A3 rating to short term bank lines of Sykes & Ray Equities (India) Limited

April 13, 2009 ICRA removes Bajaj Auto Finance Limited from watch, assigns high credit qualityratings to the Non- Convertible Debenture programmes

April 13, 2009 ICRA revises rating assigned to the Commercial Paper Programme of Krishna MarutiLimited

April 13, 2009 ICRA Assigns LBB+ / A4+ rating to the bank facilities of Talbros Engineering Limited

April 13, 2009 ICRA assigns LBBB/ A3+ rating to the bank facilities of Sona Somic LemforderComponents Limited


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Components Limited

April 13, 2009 ICRA assigns LBBB- and A3 ratings to the bank lines of Pashupati Capital ServicesPrivate Limited

April 13, 2009 ICRA assigns LBB / A4 ratings to the bank lines of Star Agro Marine Exports PrivateLimited

April 13, 2009 ICRA assigns LBB- ratings to Selvakumar Spinners Private Limited

April 13, 2009 ICRA assigns negative outlook on the long term rating of Chennai Container TerminalPrivate Limited; removes rating watch

April 13, 2009 ICRA assigns LBBB- rating to bank limits of Rajhans Enterprises

April 13, 2009 ICRA assigns LBBB- ratings to the bank lines of Keti Sangam Infrastructure (India)Limited

April 13, 2009 ICRA assigns LBBB-/A3 ratings to the bank limits of Keti Construction (India) Limited

April 13, 2009 ICRA Assigns LBB+ rating to bank limits of Aster Infrastructure Private Limited (AIPL)

April 13, 2009 ICRA assigns LBBB+/A2 and ratings to the bank lines of Aster Teleservices Pvt. Ltd

April 13, 2009 ICRA Assigns LBB+ and A4+ rating to bank limits of Harvins Constructions PrivateLimited

April 13, 2009 ICRA retains LBBB- and A3 bank lines ratings of Sharp Tanks & Structurals

April 13, 2009 ICRA assigns LBB+ and A4+ ratings to the bank lines of Triofab

April 9, 2009 ICRA revises the long term ratings assigned to the NCD Programme and the bank limitsof Telco Construction Equipment Company Limited

April 9, 2009 ICRA revises the ratings assigned to the enhanced bank lines of IVRCL Infrastructuresand Projects Limited to LA+/A1

April 9, 2009 ICRA Assigns Provisional Ratings of LAAA (SO) to the Proposed Rs. 10 billionGoI-Guaranteed Bonds of IIFCL


April 9, 2009 ICRA assigns LA/A1 ratings to bank lines of Mahindra Sona Limited

April 9, 2009 ICRA assigns LBBB+ and A2 ratings to the bank facilities of Shri Bajrang Power andIspat Limited

April 9, 2009 ICRA assigns LBBB and A3+ ratings to the bank facilities of Real Ispat & Power Limited

April 9, 2009 ICRA assigns LBB+/A4+ ratings to bank facilities of Rexon Strips Limited

April 9, 2009 ICRA assigns LBB+ rating to the bank lines of Komos Automotive India Private Limited

April 9, 2009 ICRA re-affirms A1+ rating for ShareKhan Ltd’s Short Term Debt programme

April 9, 2009 ICRA assigns an A4 rating to M/s. Jalpa Diamond

April 9, 2009 ICRA reaffirms highest credit quality rating to India Infoline Investment Services Ltd’srevised Short Term Debt Programme

April 9, 2009 ICRA assigns LA and A1 rating to the Bank credit lines of Repro India Ltd

April 8, 2009 ICRA assigns LBB-/ A4 ratings to the bank limits of BLR Knits Private Limited

April 8, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of Alamelu Balaji Spinning MillsPrivate Limited

April 8, 2009 ICRA assigns LBBB+/A2+ ratings to bank lines of Antique Granito (P) Ltd

April 8, 2009 ICRA assigns LBB+/A4+ ratings to Bheema Cements Limited

April 8, 2009 ICRA withdraws the LAA (Positive)/A1+ ratings assigned to the bank lines andCommercial Paper Programme of Bongaigaon Refinery & Petrochemicals Limited

April 8, 2009 ICRA revises Fullerton India Credit Company’s Issuer and long term ratings; reaffirmsshort term rating

April 8, 2009 ICRA assigns LAAA rating to Non-convertible Debenture Programme of HDFC Limited

April 8, 2009 ICRA reaffirms the ratings of Indian Oil Corporation Limited at LAA+/A1+

April 8, 2009 ICRA assigns LBBB- and A3 on bank lines of Kisan Irrigation Ltd

April 8, 2009 ICRA assigns LBBB- and A3 on bank lines of Kisan Mouldings Ltd

April 8, 2009 ICRA revises ratings for bank lines and NCD programme of Navayuga EngineeringCompany Limited

April 8, 2009 Oriental Hotels Limited

April 8, 2009 ICRA assigns LBBB+/A2+ ratings to bank lines of Sentini Ceramica (P) Ltd

April 8, 2009 ICRA assigns LBBB/A2 ratings to bank lines of Shodhana Laboratories Limited

April 8, 2009 ICRA assigns LBBB+/ A2 rating to the bank facilities of Sona Koyo Steering SystemsLimited

April 8, 2009 ICRA assigns LBBB-/A3 ratings to Soundarya Decorators Private Limited

April 6, 2009 ICRA assigns LBB+ rating to the bank lines of Cosmos Premises Private Limited.

April 6, 2009 ICRA assigns LBBB rating to the bank lines of Icon Hospitality Private Limited.

April 6, 2009 ICRA assigns LBB+ rating to the bank lines of Ksheer Sagar Developers PrivateLimited.

April 6, 2009 ICRA assigns LBBB- rating to the bank lines of Maruti Comforts and Inn Private Limited.

April 6, 2009 ICRA assigns LBBB+/A2 rating to the bank lines of Royal Orchid Hotels Limited.

April 6, 2009 ICRA assigns LBB+ rating to the bank lines of Satkar Realties Private Limited.


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April 6, 2009 ICRA assigns A4+ rating to bank lines of M/s Lucid Gems

April 6, 2009 ICRA Assigns LBBB+ and A2 rating to bank limits of Neo Structo Construction Limited

April 6, 2009 ICRA puts conditional LBBB-(SO) rating of Long Term Loan taken by Golflinks SoftwarePark Private Limited under rating watch

April 6, 2009 ICRA assigns LBBB+/A2 rating to the fund based and non fund based facilities ofKamdhenu Ispat Limited

April 2, 2009 ICRA assigns A4+ rating to bank lines of Core Jewellery Private limited

April 2, 2009 ICRA assigns A4+ rating to the bank lines of Decent Diamonds

April 2, 2009 ICRA assigns LAA+/A1+ ratings for the additional bank lines of Deutsche PostbankHome Finance Limited

April 2, 2009 ICRA assigns LA- & A2+ ratings to Dynamatic Technologies Limited

April 2, 2009 ICRA withdraws ratings assigned to the PTCs under various ABS programmes of ICICIBank Limited

April 2, 2009 ICRA Assigns LBB+ ratings to Fund based limits and term loan facilities of MagnumVentures Limited

April 2, 2009 ICRA assigns LAA- (SO) / A1+ (SO) to Merck Specialities Private Limited

April 2, 2009 ICRA assigns A1+ to the bank lines of Merck Specialities Private Limited

April 2, 2009 ICRA assigns LBBB- and A3 rating to bank limits of Outlook Publishing (India) PrivateLimited

April 2, 2009 ICRA assigns LBBB- rating to bank limits of Saville Estate Private Limited

April 2, 2009 ICRA assigns LBB/A4 rating to bank lines of Scorpios Apparels Private Limited

April 2, 2009 ICRA assigns LB / A4 ratings to the bank lines of Spads Textiles Limited

April 2, 2009 ICRA assigns conditional LAAA (SO) ratings to the purchaser payouts backed by a poolof commercial vehicles and other loans originated by Sundaram Finance Limited

April 2, 2009 ICRA assigns A3 rating to the Bank credit lines of Sunstar Overseas Limited

April 2, 2009 ICRA assigns LBB+ and A4+ ratings to the bank lines of Foods & Inns Limited

April 2, 2009 ICRA assigns LAA/A1+ to the bank lines of Merck Limited

April 1, 2009 ICRA assigns LBB and A4 ratings to the bank limits of Rashi Granite Exports India Pvt.Ltd.

April 1, 2009 ICRA assigns A2 rating to the bank limits of Mineral Enterprises Limited

April 1, 2009 ICRA assigns LBBB- rating to bank limits of Kothari Cars Private Limited

April 1, 2009 ICRA Assigns LBBB rating to the bank limits of Elastrex Polymers Private Limited

April 1, 2009 ICRA assigns LBBB+ rating to the bank limits of Preston India Private Limited

April 1, 2009 ICRA assigns LBB+ to the bank facilities of Anil Modi Oil Industries

April 1, 2009 ICRA reaffirms LAA- rating and A1 + rating assigned to bank limits of OCL India Limited

April 1, 2009 ICRA reaffirms LA+ / A1+ rating to the bank lines of Madras Cements Ltd

April 1, 2009 ICRA assigns LBBB & A3+ ratings to Piramal Glass’s bank facilities

April 1, 2009 ICRA assigns LBB rating to bank limits of MSM Energy Limited

April 1, 2009 ICRA assigns LBB- rating to bank limits of South Asian Agro Industries Limited

April 1, 2009 ICRA assigns LBB rating to bank limits of Sri Panchajanya Power Private Limited

April 1, 2009 ICRA assigns LBB/A4 ratings to bank limits of Suryachakra Power Corporation Limited

April 1, 2009 ICRA assigns LBB- rating to bank limits of Lahari Power & Steels Limited

April 1, 2009 ICRA assigns LBBB- rating to the fund based limits of Lavu Educational Society

March 31, 2009 ICRA assigns LBBB-/A3 rating to bank lines of General Mechanical Works PrivateLimited

March 31, 2009 ICRA assigns LBB / A4 ratings to the bank limits of Rajvir Industries Limited

March 31, 2009 ICRA Assigns LBBB+ / A2+ rating to the bank facilities of Continental Engines Limited

March 31, 2009 ICRA assigns A1/ LA+ rating to the bank facilities of Swaraj Mazda Limited

March 31, 2009 ICRA assigns LBBB-/A3 ratings to bank limits of Amira (Foods) India Limited

March 31, 2009 ICRA assigns LBBB and A2 ratings to the bank lines of Transpek Industry Ltd.

March 31, 2009 ICRA assigns LBB / A4 ratings to bank facilities of Chandi Steel Industries Limited

March 31, 2009 ICRA assigns LA+ & A1 rating to Natco Pharma Limited

March 31, 2009 ICRA assigns LBB and A4 ratings to the bank limits of Indu Corporation Pvt Limited

March 31, 2009 ICRA assigns LAAA rating to Tata Sons’ NCD Programme; re-affirms existing ratings

March 31, 2009 ICRA assigns LB+ / A4 ratings to the bank lines of Hydril Pressure Control PrivateLimited

March 31, 2009 ICRA assigns LBB+ and A4+ ratings to bank lines of Mohan Spintex India Limited

March 31, 2009 ICRA assigns LBB+ ratings to the bank lines of Future Communications Limited

March 31, 2009 ICRA assigns LBBB-/A3 rating to bank lines of Shree N M Electricals Limited

March 31, 2009 ICRA assigns LBBB-/A3 ratings to the bank lines of Shahi Exports Private Limited

March 31, 2009 ICRA has assigned LAAA rating, indicating highest credit quality, to Rs. 10 billionBonds issue of NTPC

March 31, 2009 ICRA assigns LBBB- and A3 rating to the Bank credit lines of Suyog Electricals Limited


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March 31, 2009 ICRA assigns LBBB- and A3 rating to the Bank credit lines of Suyog Electricals Limited

March 31, 2009 ICRA assigns LBB+/A4+ rating to the bank limits of Lalsons Jewellers Limited

March 31, 2009 ICRA assigns LBB/A4 rating to the bank limits of Shree Krishna Paper Mills & IndustriesLimited

March 31, 2009 ICRA assigns LBBB+ / A2 ratings to the bank lines of Vinati Organics Limited

March 31, 2009 ICRA assigns LBBB (SO) rating to the Rs. 470 million Long Term Loan taken by EmpeeBreweries Limited

March 31, 2009 ICRA assigns LBBB (SO) rating to the Rs. 500 million Long Term Loan taken by UnitedMillennium Breweries Limited

March 31, 2009 ICRA Assigns LBBB+ (SO) rating to the bank facilities of Kiran Flour Mills IndustriesPrivate Limited

March 31, 2009 ICRA Assigns Ir BB- rating to Srinagar Municipal Corporation

March 31, 2009 ICRA Assigns Ir BB rating to Shimla Municipal Corporation

March 31, 2009 ICRA assigns A1+ rating to various Bank Lines of Standard Chartered – STCI CapitalMarkets Ltd (formerly known as UTI Securities Limited)

March 31, 2009 ICRA assigns A4 rating to the bank limits of Gem Star Company Private Limited

March 31, 2009 ICRA Assigns LBBB- and A3 rating to bank lines of Daawat Foods Private Ltd.

March 31, 2009 ICRA assigns LBBB-/A3 ratings to bank facilities of Kudos Chemie Limited

March 31, 2009 ICRA assigns LBB rating to the term loan programme of Millennia Realtors PrivateLimited

March 31, 2009 ICRA assigns LBB- rating to the term loan programme of Millennia Infrastructure PrivateLimited

March 31, 2009 ICRA assigns LBB- rating to the term loan programme of Millennia Properties PrivateLimited

March 31, 2009 ICRA assigns A4 rating to bank limits of Nimbark Gems

March 31, 2009 ICRA assigns LB+ and A4 rating to bank lines of DC Industrial Plant Services Pvt Ltd

March 31, 2009 MBS transactions rated by ICRA continue to display strong performance

March 31, 2009 ICRA assigns LBBB/A3+ rating to Bliss GVS Pharma Ltd.

March 31, 2009 ICRA assigns LA/A1 ratings to the bank facilities of Manappuram General Leasing andFinance Limited; reaffirms ratings assigned earlier

March 31, 2009 ICRA assigns LBB+ rating to the bank lines of JKM Infra Projects Private Limited

March 31, 2009 ICRA assigns A4+ rating to bank limits of GTI Jewellery India Private Limited

March 31, 2009 ICRA reaffirms A1+ rating to the Commercial Paper Programme of ITC Limited for anenhanced amount

March 31, 2009 ICRA assigns LBB rating to the bank Lines of Sri Bhagirath Textiles Limited

March 31, 2009 ICRA assigns LBB+ ratimg to the Rs. 10.02 billion term loan programme of SimhapuriEnergy Private Limited

March 31, 2009 ICRA assigns A1+ rating to ENAM Securities Private Limited’s Short Term Bank Lines

March 31, 2009 ICRA assigns LB- rating to the bank limits of Ganpati Sugar Industries limited (GSIL)

March 31, 2009 ICRA assigns A4+ rating to bank limits of Banbury Impex Private Limited

March 31, 2009 ICRA has re-affirmed the LAAA (pronounced as L triple A) rating to the Rs. 2 billionfund based limit and the A1+ (pronounced as A one plus) rating to the Rs. 10 billion nonfund based limit of Bharat Electronics Limited

March 31, 2009 ICRA assigns LA / A1 rating to various bank lines of Wall Street Finance Ltd

March 31, 2009 ICRA Assigns LA- rating to bank limits of Dindigul-Samyanallore Toll Road PrivateLimited (DSTRPL)

March 31, 2009 ICRA Assigns LA- rating to bank limits of Namakkal-Karur Toll Road Private Limited(NKTRPL)

March 31, 2009 ICRA Assigns LBBB- rating to bank limits of Salem-Ulunderpet Toll Road Private Limited(SUTRPL)

March 31, 2009 ICRA Assigns LBBB- rating to bank limits of Trichy-Dindigul Toll Road Private Limited(TDTRPL)

March 31, 2009 ICRA Assigns LBBB- rating to bank limits of Trichy-Karur Toll Road Private Limited(TKTRPL)

March 31, 2009 ICRA assigns LBBB+ on the bank lines of Rosa Power Supply Company Limited

March 31, 2009 ICRA assigns LA/A1 ratings to the bank lines of Valvoline Cummins Limited

March 31, 2009 ICRA assigns LBBB- rating to the bank limits and term loans of Madhucon Sugar andPower Industries Limited (MSPIL)

March 31, 2009 ICRA assigns LBBB and A2 to the bank lines of OPG Energy Private Limited

March 30, 2009 ICRA downgrades ratings assigned to the fund and non-fund based limits of OswalSpinning and Weaving Mills Limited to ‘LB-/A4’

March 30, 2009 ICRA assigns LBB/A4 ratings to the bank limits of Arya Iron & Steel Company PrivateLimited

March 30, 2009 ICRA assigns LBB-/A4 ratings to the bank limits of M/s. Goyal Traders

March 30, 2009 ICRA assigns LBB+/A4+ ratings to the bank limits of Arya Ship Breaking CompanyPrivate Limited

March 30, 2009 ICRA assigns LB/A4 ratings to the bank limits of M.P.Recycling Company Private


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March 30, 2009 ICRA assigns LB/A4 ratings to the bank limits of M.P.Recycling Company PrivateLimited

March 30, 2009 ICRA assigns A1+ rating to the Rs. 18 billion short term Non Convertible Debentureprogramme (enhanced from Rs 10 billion) of RHC Holding Private Limited

March 30, 2009 ICRA assigns LA-/A2+ ratings to bank facilities of Lilliput Kidswear Limited

March 30, 2009 ICRA revises the rating for the Bond Programme of Maharashtra Film, Stage andCultural Development Corporation

March 30, 2009 ICRA assigns a final LA+(SO) rating to the Rs. 1.50 billion bond programme of KSIIDC

March 30, 2009 ICRA Assigns LBBB- rating to bank limits of L&T Halol-Shamlaji Tollway Private Limited(L&T HSTPL)

March 30, 2009 ICRA reaffirms Ir AAA / A1+ ratings assigned to Mangalore Refinery andPetrochemicals Limited

March 30, 2009 ICRA has assigned rating of LBBB- to Rs. 2.66 billion long term loan of Indu NavayugaInfra Projects Private Limited (INIPPL) indicating moderate-credit-quality.

March 30, 2009 ICRA assigns LBB rating to the bank limits of Adwaith Textiles Limited

March 30, 2009 ICRA assigns LBB+ / A4+ ratings to Hinduja Foundries Limited’s bank lines for anenhanced amount

March 30, 2009 ICRA Assigns LBB rating to bank lines of RKSK Overseas Private Limited

March 30, 2009 ICRA Assigns LBB+ rating to bank facilities of Maharishi Solar Technology PrivateLimited

March 30, 2009 ICRA Assigns A4+ rating to bank limits of Mehta Brothers Gems Private Limited

March 30, 2009 ICRA assigns rating to bank facilities of Amalgamated Plantations Pvt. Ltd

March 30, 2009 ICRA assigns LBB rating to the term loan of term loan of Himachal Sorang PowerPrivate Limited

March 27, 2009 ICRA assigns LAA(SO) and A1+(SO) rating to Blue Dart Aviation Limited

March 27, 2009 ICRA assigns A4 ratings to M/s. Nirav Gems

March 27, 2009 ICRA assigns LBB+ / A4+ ratings to Expanded Polymer Systems Private Limited

March 27, 2009 ICRA assigns LBB- / A4 ratings to the term loan and various bank facilities ofSaurashtra Fuels Private Limited

March 27, 2009 ICRA assigns LBB- rating to the term loan of Saurashtra Containers Private Limited

March 27, 2009 ICRA assigns LBB- / A4 ratings to the term loan and various bank facilities ofSaurashtra Ferrous Private Limited

March 27, 2009 ICRA assigns highest credit quality ratings to Canara Robeco Short Term Fund

March 27, 2009 ICRA withdraws ratings assigned to Senior PTCs backed by loan pool originated bySREI Infrastructure Finance Limited

March 27, 2009 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisationprogrammes of GE Capital Services India

March 27, 2009 ICRA assigns LA- and A1 rating to fund based and Non Fund based limits of KandhariBeverages Private Limited

March 27, 2009 ICRA assigns LBBB- (SO) and LBB+ rating to the bank lines of Khushbu Auto FinanceLimited

March 27, 2009 ICRA Withdraws LAA+(SO) Rating Assigned to the Sanctioned Fund Based Bank Limitof Sterling Infotech Limited (SIL)

March 27, 2009 ICRA downgrades the ratings assigned to the bank lines of Koutons Retail India Limitedand withdraws rating assigned to the Commercial Paper Programme

March 26, 2009 ICRA assigns conditional LAAA (SO) ratings to the purchaser payouts backed by a poolof commercial vehicles and other loans originated by Sundaram Finance LimitedSundaram Finance Limited (March 2009) Rs. 2178.7 million

March 26, 2009 ICRA assigns LBB+ rating to bank facilities of Vinay Cement Ltd

March 26, 2009 ICRA withdraws A2+ rating assigned to the CP/ STD Programme of Rico AutoIndustries Limited

March 26, 2009 ICRA Assigns A1+ rating to the bank facilities and Short Term Debt/ Commercial PaperProgramme of VE Commercial Vehicles

March 26, 2009 ICRA WITHDRAWS RATING ASSIGNED TO THE SHORT TERM DEBT PROGRAMMEOF EICHER MOTORS LIMITED

March 26, 2009 ICRA assigns highest credit quality rating to the Rs. 30 billion (enhanced from Rs. 10billion) Certificate of Deposit programme of United Bank of India

March 26, 2009 ICRA assigns LAA-/A1+ to the bank lines of Transasia Bio-medicals Limited

March 26, 2009 ICRA assigns fresh ratings to the bank lines of Anand Rathi Commodities Limited

March 26, 2009 ICRA assigns LA+ & A1+ ratings to Banco Products (India) Limited; reaffirms existingrating

March 25, 2009 ICRA assigns A1+ rating to Rs. 500 million Commercial Paper issue of Schwing StetterIndia Private Limited

March 25, 2009 ICRA assigns LBB+ and A4+ to the bank lines of Permanent Magnets Limited

March 25, 2009 ICRA assigns LBB/ A4 ratings to the bank limits of Kadalkanny Frozen Foods

March 25, 2009 ICRA assigns LBB/ A4 ratings to the bank limits of Theva & Co.

March 25, 2009 ICRA reaffirms all outstanding ratings of Indian Overseas Bank

March 25, 2009 ICRA assigns A1+ rating to the short-term debt programme of Chambal Fertilisers and


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March 25, 2009 ICRA assigns A1+ rating to the short-term debt programme of Chambal Fertilisers andChemicals Limited

March 25, 2009 ICRA assigns LAA- / A1+ ratings to the debt programmes of Cholamandalam DBSFinance Limited

March 25, 2009 ICRA assigns LBB+ and A4+ to the bank lines of Shree Sai Baba Ship BreakingCompany

March 25, 2009 ICRA assigns A4 rating to the bank limits of Diamond Sea Food Exports

March 25, 2009 ICRA assigns A4 rating to the bank limits of Edhayam Frozen Foods Private Limited

March 24, 2009 ICRA Assigns Ir BBB+ rating to Bruhath Bengaluru Mahanagara Palike

March 24, 2009 ICRA assigns A1+ rating to the Rs. 20 billion enhanced Certificates of Depositsprogramme of Punjab and Sind Bank

March 24, 2009 ICRA assigns A2 rating to the bank limits of K P Sanghvi & Sons

March 24, 2009 ICRA assigns A4+ ratings to bank facilities of Gem Manufacturing India Private Limited

March 24, 2009 ICRA assigns LBB and A4 ratings to the bank limits of IJT Plastics & Tools PrivateLimited

March 24, 2009 ICRA revises rating assigned to the bank facilities of Madhucon Projects Limited (MPL)and also withdraws the short term rating

March 24, 2009 ICRA withdraws the rating assigned to the Fixed Deposit Programme of State Bank ofPatiala

March 24, 2009 ICRA assigns LBBB-/A3 ratings to bank facilities of Gokul Overseas

March 24, 2009 ICRA assigns LBB+/A4+ rating to the bank limits of Meridian Chem-bond Limited

March 23, 2009 ICRA assigns LBBB+/A2+ ratings to bank facilities of Ind-Swift Laboratories Limited foran enhanced amount

March 23, 2009 ICRA downgrades the ratings assigned to the bank lines of VRL Logistics Limited

March 23, 2009 ICRA assigns A3 rating to bank lines of Ratnadeep Impex

March 23, 2009 ICRA assigns LBB+ rating to bank lines of Garg Acrylics Limited

March 23, 2009 ICRA assigns LBB+ rating to bank lines of Garg Furnace Limited

March 23, 2009 ICRA revises the ratings assigned to the bank lines of Paramount CommunicationsLimited to LBBB-/A3

March 23, 2009 ICRA assigns LBB+ and A4+ ratings to term loan and bank facilities of Jayaswal NecoIndustries Limited

March 23, 2009 ICRA assigns LBB+ to the bank lines of Riya Travel & Tours (India) Private Limited

March 23, 2009 ICRA assigns LA+/A1+ ratings to the bank lines of Sundaram Industries Limited

March 23, 2009 ICRA assigns A4+ ratings to the bank limits of Shiva Shankar Minerals Limited

March 20, 2009 ICRA Subsidiary Acquires US-Based IT Company

March 20, 2009 ICRA assigns LBBB- rating to bank lines of PNG Jewellery & Gems

March 20, 2009 ICRA assigns “A4+” rating to the bank line of Crosseas Capital Services Private Limited

March 20, 2009 ICRA reaffirms issuer rating of IrAAA to The Clearing Corporation of India Limited

March 20, 2009 ICRA assigns LBBB+ (SO) rating to the Rs. 562.8 million Long Term Loan taken byGMR Estate Private Limited

March 20, 2009 ICRA assigns LBBB and A2 to the bank lines of Model Buckets & Attachments PrivateLimited

March 20, 2009 ICRA assigns LA and A1 ratings to the bank limits of Bharat Fritz Werner Limited

March 20, 2009 ICRA assigns LBBB (SO)/ A2 (SO) ratings to the bank limits of Adcock Ingram Limited

March 19, 2009 ICRA retains LBBB- rating assigned to the Rs. 211.20 million Fund & Non-fund basedlimits and Term loan of Wilbur Smith Associates Private Limited (WSAPL)

March 19, 2009 ICRA assigns LBBB and A3+ ratings to Bank Lines of Electronica Finance Limited

March 19, 2009 ICRA assigns LBB+ and A4+ ratings to the bank lines of Shrigopal Rameshkumar SalesPrivate Limited

March 19, 2009 ICRA assigns LBB+ and A4+ ratings to the bank lines of Shrigopal Rameshkumar

March 19, 2009 ICRA assigns LBBB+/A2 rating to the bank limits of Columbia Petro Chem PrivateLimited

March 19, 2009 ICRA reaffirms LAA / A1+ ratings assigned to the bank limits of Shanthi Gears Limited

March 18, 2009 ICRA assigns A4+ rating to the bank credit lines of CJ Exporters

March 18, 2009 ICRA assigns conditional A2+(SO) ratings to a micro-finance loan pool originated byShare Microfin Limited - Share Microfin Limited Loan Pool Direct Assignment – March2009

March 18, 2009 ICRA revises the bank loan rating of Madhucon Agra Jaipur Expressway Limited

March 18, 2009 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisationprogrammes of IDBI Limited

March 18, 2009 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisationprogrammes of erstwhile Centurion Bank of Punjab

March 18, 2009 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisationprogrammes originated by Kotak Mahindra Prime Limited

March 17, 2009 ICRA assigns LBBB rating to the fund based/non-fund based limits of SaloraInternational Limited


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March 17, 2009 ICRA Assigns LBBB and A3+ rating to bank lines of Emmsons International Limited

March 17, 2009 ICRA assigns LBBB- rating to the bank limits of Siesta Hospitality Services Limited

March 17, 2009 ICRA assigns LBBB rating to the fund based and non fund based limits of FlowmoreLimited

March 17, 2009 ICRA downgrades and suspends the rating for the fixed deposit programme of AnsalProperties and Infrastructure Limited

March 16, 2009 ICRA assigns LA- rating to the bank lines of Automotive Axles Limited

March 16, 2009 ICRA assigns LBBB- / A3 ratings to the bank lines of Sical Iron ore Terminals Limited

March 16, 2009 ICRA assigns LA– and A2+ ratings to the bank limits of Sundaram Brake LiningsLimited

March 16, 2009 ICRA assigns LBBB/A2 ratings to the bank limits of Botil Oil Tools India Private Limited

March 16, 2009 ICRA assigns high credit quality rating to the Rs. 500 million subordinated debtprogramme of IDBI Home Finance Limited

March 16, 2009 ICRA assigns LBBB/A3+ ratings to Premier Explosives Limited

March 16, 2009 ICRA assigns LBBB/A3+ ratings to Veer O Metals Private Limited

March 16, 2009 ICRA assigns conditional highest credit quality rating to the Purchaser Payouts backedby construction equipment loan receivables originated by SREI Equipment FinancePrivate Limited (SEFPL) - Construction Equipment Loan Pool Direct AssignmentFebruary 2009

March 16, 2009 ICRA revises the A1 rating assigned to the Commercial Paper programme of RamcoIndustries Limited to A2+ and assigns LA-/A2+ ratings to its bank limits

March 16, 2009 ICRA assigns LA- rating to the Rs 500 million Non convertible debentures of IndiaGlycols Limited

March 16, 2009 ICRA reaffirms LA+ and A1 ratings to debt programmes of Balrampur Chini MillsLimited

March 13, 2009 Update on Hindustan Oil Exploration Company Limited

March 13, 2009 ICRA assigns LAA / A1+ ratings to the bank lines of Blue Dart Express Limited;re-affirms A1+ Rating of the Short Term Debt Programme (including CommercialPaper)

March 13, 2009 ICRA assigns mfAAA rating to DSP BlackRock Strategic Bond Fund

March 13, 2009 ICRA assigns “A4+” rating to the bank lines of Sushil Financial Services Private Limited

March 13, 2009 ICRA assigns LBBB- and A3 ratings to the fund based/non fund based limits of GargInox Limited

March 13, 2009 ICRA re-affirms A1+ (SO) rating to Reliance Securities Limited’s Short Term Debtprogramme including Commercial Papers

March 13, 2009 ICRA assigns LBB rating to the bank lines of BST Textile Mills Private Limited

March 13, 2009 ICRA revises ratings assigned to Long Term NCD’s of Citifinancial Consumer FinanceIndia Limited from LAA+ (Negative outlook) to LAA (Stable outlook)

March 13, 2009 ICRA assigns LBBB-/A3 to the bank lines of Kenersys India Private Limited

March 13, 2009 ICRA withdraws ratings assigned to senior PTCs issued under a securitisationtransaction originated by Manappuram General Finance and Leasing Limited

March 13, 2009 ICRA assigns LBB / A4 ratings to the bank lines of The Gowthami Solvent Oils PrivateLimited

March 13, 2009 ICRA revises the CP/STD rating and the bank line ratings of Ramkrishna Forgings Ltd

March 13, 2009 ICRA revises credit quality rating of Kotak Flexi Debt Scheme

March 12, 2009 ICRA assigns LBBB/A2 rating to the bank loan ratings of Share Microfin Limited

March 12, 2009 ICRA assigns MFI grade of M2 to Share Microfin Limited

March 12, 2009 ICRA assigns LBB and A4 ratings to the bank limits of Tulsi Foundries Limited

March 12, 2009 ICRA assigns LBBB- and A3 ratings to the bank limits of Metal Link Alloys limited

March 12, 2009 ICRA Assigns LBB+/ A4+ ratings to bank limits of Soktas India Pvt. Ltd

March 9, 2009 ICRA assigns LA rating to the bank limits of Hassan Mangalore Rail DevelopmentCompany Limited

March 9, 2009 ICRA retains the ratings assigned to the bank lines of Trichy Thanjavur ExpresswaysLimited

March 9, 2009 ICRA retains the ratings assigned to the bank lines of Madurai Tuticorin ExpresswaysLimited

March 9, 2009 ICRA retains the ratings assigned to the bank lines of Tamil Nadu Dindigul KarurExpressway Limited (TNDK)

March 9, 2009 ICRA assigns highest credit quality rating to the Rs.200 billion (enhanced from Rs.120billion) Certificate of Deposit Programme of Allahabad Bank

March 9, 2009 ICRA reaffirms LBBB+/A2 ratings assigned to the bank limits of Insecticides (India)Limited

March 9, 2009 ICRA assigns LBB and A4 rating to the Bank credit lines of Tradecom InternationalPrivate Limited

March 9, 2009 ICRA assigns LBB- and A4 rating to the Bank credit lines of Unisource Papers PrivateLimited

March 9, 2009 ICRA assigns LBB/A4 ratings to SuryaLakshmi Cotton Mills Limited


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March 9, 2009 ICRA assigns LBB/A4 ratings to SuryaLakshmi Cotton Mills Limited

March 9, 2009 ICRA assigns LBB/A4 ratings to Suryakiran International Limited

March 9, 2009 ICRA assigns LBB to the bank lines of NHC Industries Private Limited

March 9, 2009 ICRA assigns LBBB– and A3 ratings to the bank limits of Agile Electric Sub AssemblyPrivate Limited

March 9, 2009 ICRA reaffirms IrAA / A1+ ratings assigned to TCE Consulting Engineers Limited

March 9, 2009 ICRA assigns conditional LAAA (SO) ratings to the purchaser payouts backed by a poolof commercial vehicles and other loans originated by Sundaram Finance Limited -Sundaram Finance Limited February 2009-II

March 6, 2009 ICRA assigns conditional LAAA (SO) ratings to the purchaser payouts backed by a poolof commercial vehicles and other loans originated by Sundaram Finance Limited-Sundaram Finance Limited (February 2009)

March 6, 2009 ICRA revises credit quality rating of HSBC Ultra Short Term Bond Fund (formerly calledHSBC Liquid Plus Fund)

March 6, 2009 ICRA revises credit quality rating of Reliance Floating Rate Fund

March 6, 2009 ICRA assigns LBBB-/A3 rating to the bank lines of Tijaria Polypies Limited

March 6, 2009 ICRA assigns LBBB to the bank facilities of Navayuga Bengalooru Tollways PrivateLimited

March 6, 2009 ICRA Assigns LBBB- and A3 ratings to bank lines of Kabeer Textiles Pvt. Ltd.

March 6, 2009 ICRA Assigns LBBB- and A3 ratings to bank lines of Mahan Plastics Private Limited

March 6, 2009 ICRA assigns LBBB- / A3 ratings to the bank lines of Thejo Engineering Limited

March 5, 2009 ICRA revises short term rating of DLF Limited

March 5, 2009 ICRA assigns LBBB- and A3 ratings to Bank Lines of Pioneer Investcorp Limited

March 5, 2009 ICRA assigns LA and A1 rating to the Bank credit lines of Rohini Industrial ElectricalsLimited

March 5, 2009 ICRA assigns LBBB- and A3 rating to bank limits of Kamineni Hospitals Private Limited

March 4, 2009 ICRA assigns LBBB rating to the long term loans, corporate loans and fund based limits;and A3+ rating to the non fund based limits of HPL Socomec Pvt Ltd (HSPL)

March 4, 2009 ICRA assigns LBB rating to fund based bank limits of Vaibhav Corporation PrivateLimited

March 4, 2009 ICRA revises the rating assigned to the bank lines of Soma Enterprise Limited

March 4, 2009 ICRA withdraws A1 rating assigned to the CP/STD of Easun Reyrolle Limited

March 3, 2009 ICRA assigns LAA and A1+ ratings to the bank limits and reaffirms the A1+ ratingassigned to the CP / STD Programme of KSB Pumps Limited

March 3, 2009 ICRA assigns LBB+ rating to the bank facilities of Krishidhan Seeds

March 3, 2009 ICRA assigns LA- (SO) rating to the fund based limits of Sterling Projects andEngineering Limited

March 3, 2009 ICRA reaffirms LAA/A1+ rating for bank lines and IrAA issuer rating of Petronet LNGLimited

March 3, 2009 ICRA assigns fresh rating to the short-term bank lines of CD Integrated ServicesLimited

March 3, 2009 ICRA withdraws ratings assigned to Series A2 PTCs and Liquidity facility issued undera securitisation transaction originated by ICICI Bank Limited

March 3, 2009 ICRA assigns LBBB+ and A2 rating to Hikal Limited

March 2, 2009 ICRA assigns LBBB/A2 ratings to the bank limits of M.S. Khurana Engineering Limited

March 2, 2009 ICRA assigns LBBB+/A2 ratings to the bank limits of Adani Energy Limited

March 2, 2009 ICRA revises rating for Bharat Forge’s long-term debt programmes

March 2, 2009 ICRA confirms conditional highest credit quality rating for the Purchaser Payoutsbacked by construction equipment loans originated by SREI Equipment Finance PrivateLimited (SEFPL), post revision in pool size - Construction Equipment Loan Pool DirectAssignment November 2008

March 2, 2009 ICRA assigns LBBB and A2 ratings to the bank lines of Paradeep Phosphates Limited

March 2, 2009 ICRA assigns a conditional LA (SO) rating to the proposed Rs. 3.5 billion bondprogramme of Transmission Corporation of Andhra Pradesh Limited

March 2, 2009 ICRA assigns LBBB– and A3 ratings to the enhanced bank limits of Rajapalayam MillsLimited

March 2, 2009 ICRA downgrades long term ratings of Cholamandalam DBS Finance to LAA-; revisesoutlook to Negative; A1+ rating to short term debt programme reaffirmed

February 28, 2009 ICRA assigns LBBB- & A3 ratings to Atul Auto Limited

February 28, 2009 ICRA revises rating for Tata Motor’s short-term debt programmes

February 28, 2009 ICRA revises the ratings assigned to the bank lines of H&R Johnson (India) Ltd toLBBB+/A2+

February 28, 2009 ICRA revises short term ratings of Tata Motors Finance Limited from A1+ to A1

February 27, 2009 ICRA Assigns A3 rating to bank limits of Keshri Export

February 27, 2009 ICRA assigns LBBB- and A3 ratings to the Bank Limits of IRM Limited

February 27, 2009 ICRA assigns LBBB+/A2 rating to the bank lines of Enviro Control Associates (I) PrivateLimited


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February 27, 2009 ICRA assigns LAA to the Perpetual Bonds Programme and A1+ to the EnhancedCertificate of Deposits Programme of IDBI Bank

February 27, 2009 ICRA assigs LBBB- and A3 rating to the bank lines of Grain Milling Company PrivateLimited

February 27, 2009 ICRA assigns LBB+/A4+ rating to Shiva Texfabs Limited’s bank lines

February 27, 2009 ICRA withdraws the IrA- rating of Hyderabad Urban Development Authority and placesthe LA- rating assigned to its Rs. 5 billion fund based bank limits on rating watch withdeveloping implications

February 27, 2009 ICRA Retains the LA(SO) rating to the Rs. 300 million Bond Programme of HyderabadMetropolitan Water Supply & Sewerage Board

February 27, 2009 ICRA assigns A3 rating to bank limits of Creation Jewellery Manufacturing PrivateLimited

February 27, 2009 ICRA Assigns LBBB+ rating to bank facilities of Kurlon Limited

February 27, 2009 ICRA assigns LB-/A4 ratings to KG Fabriks Limited

February 27, 2009 ICRA assigns LBB/A4 ratings to Sri Kannapiran Mills Limited

February 27, 2009 ICRA assigns LAAA rating to the bank lines and the proposed Bonds programme ofGAIL (India) Limited

February 27, 2009 ICRA assigns LBB+ rating to Rs. 600 million Non Convertible Debentures of K S RealtyConstructions Private Limited

February 27, 2009 ICRA revises BEML Limited’s issuer rating

February 27, 2009 ICRA assigns LBBB/A2 ratings to bank lines of Conzerv Systems Private Limited

February 27, 2009 ICRA assigns LBBB- and A3 rating to the bank lines of Sanghvi Foods Private Limited

February 26, 2009 ICRA assigns A1+/ LAA+ ratings to bank facilities of Honda Siel Cars India Limited

February 26, 2009 ICRA assigns LBB+ and A4+ ratings to M/s. Choudhary Garments

February 26, 2009 ICRA assigns LBBB-/A3 rating to bank lines of Vijay Textiles Limited

February 26, 2009 ICRA places long term rating of Chennai Container Terminal Private Limited on ratingwatch with negative implications

February 26, 2009 ICRA assigns LA+ rating to the enhanced bank limits of Mundra Port and SpecialEconomic Zone Limited

February 26, 2009 ICRA reaffirms the bank line rating of Adani Logistics Limited at LBBB-

February 26, 2009 ICRA assigns LBBB rating to the bank lines of Fun Multiplex Private Limited

February 26, 2009 ICRA assigns LBBB- and A3 ratings to the bank limits of Impact Safety Glass WorksPrivate Limited

February 26, 2009 ICRA assigns LBB+/A4 ratings to the bank limits of Modest Infrastructure Limited

February 26, 2009 ICRA assigns fresh ratings to the bank lines of Anand Rathi Financial Services Limited

February 26, 2009 ICRA assigns fresh ratings to the bank lines of Anand Rathi Stock & Shares BrokersLimited

February 26, 2009 ICRA assigns A3 rating to the Bank Lines of Infinity.Com Financial Securities Limited

February 26, 2009 ICRA assigns mfA1 rating to LICMF Income Plus Fund

February 25, 2009 ICRA assigns A1+ rating to Canara Bank’s enhanced certificate of deposits programme

February 25, 2009 ICRA reaffirms LAA/A1+ ratings to the Bank lines and commercial paper of CMCLimited

February 25, 2009 ICRA assigns LA- and A2+ ratings to bank lines of ECE Industries Limited

February 25, 2009 ICRA assigns LA+ rating to the enhanced Hybrid Tier I Bonds Programme of Yes BankLimited

February 25, 2009 ICRA Assigns LBB+ and A4+ rating to bank limits of M/s Quality Construction Co.

February 25, 2009 ICRA assigns LBBB/A3+ ratings to the bank limits of Gulf Oil Corporation Limited

February 25, 2009 ICRA assigns A1+ rating to Axis Bank’s enhanced CD programme

February 25, 2009 ICRA assigns A3 rating to bank lines of Al-Gyas Exports Private Limited

February 25, 2009 ICRA assigns LAA- and A1+ rating to the Bank credit lines of Sterling & Wilson Pvt.Limited

February 25, 2009 ICRA assigns A4 rating to the bank limits of Gupta Hair Products Private Limited

February 25, 2009 ICRA assigns LAAA rating to Reliance Communications Limited’s NCD Programme andenhanced Bank Lines; existing ratings reaffirmed

February 24, 2009 ICRA withdraws A1+ rating assigned to the Rs 50 million CP Programme of M/s RaneBrake Linings Limited

February 24, 2009 ICRA assigns LBB-/A4 ratings to the bank lines of Bansal Precision Forge Limited

February 24, 2009 ICRA assigns LBB+/A4+ ratings to the bank facilities of Volgadelite Plastic UdyogPrivate Limited

February 24, 2009 ICRA assigns LBBB rating to bank limits of Hira Power and Steels Limited

February 24, 2009 ICRA Assigns LBBB and A3+ rating to bank lines of Nikhil Footwears Private Limited

February 24, 2009 ICRA Assigns LBBB- and A3 ratings to bank lines of Nikhil International

February 24, 2009 ICRA Assigns LBBB- and A3 rating to bank lines of Nikhil Udyog

February 24, 2009 ICRA Assigns LBBB- and A3 rating to bank lines of Sanchit Polymers

February 24, 2009 ICRA Assigns LBBB- and A3 rating to bank lines of Micro Industrial Corporation


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February 24, 2009 ICRA Assigns LBBB- and A3 rating to bank lines of Micro Industrial Corporation

February 24, 2009 ICRA assigns LBBB-/A3 ratings to the bank lines of Shahi Exports Private Limited

February 24, 2009 ICRA assigns LBBB-(SO)/A3 (SO) ratings to the bank lines of Sarla Fabric PrivateLimited

February 24, 2009 ICRA revises the rating assigned to CP programme of Tata Metaliks Ltd and puts it onwatch

February 24, 2009 ICRA Suspends MB rating assigned to Fixed Deposit Programme of Brilliant IndustriesLimited

February 24, 2009 ICRA withdraws MB rating assigned to Fixed Deposit Programme of NeulandLaboratories Limited

February 24, 2009 ICRA Suspends MD rating assigned to Fixed Deposit Programme of Pennar PatersonSecurities Limited

February 24, 2009 ICRA suspends MB+ rating assigned to Fixed Deposit Programme of Merbanc FinancialServices Limited

February 24, 2009 ICRA Withdraws MB+ rating assigned to Fixed Deposit Programme of NCC FinanceLimited

February 24, 2009 ICRA Suspends MD rating assigned to Fixed Deposit Programme of DCL FinanceLimited

February 24, 2009 ICRA withdraws MB+ rating assigned to Fixed Deposit Programme of TCI FinanceLimited

February 24, 2009 ICRA Withdraws LD rating assigned to Preference Shares Programme of PennarAluminium Company Limited

February 24, 2009 ICRA Suspends LD rating assigned to Non-Convertible Debenture Programme ofPennar Profiles Limited

February 24, 2009 ICRA Assigns LBBB- and A3 rating to bank lines of Action International

February 23, 2009 ICRA revises rating assigned to the bank loans of Sheth Developer Private Limited

February 23, 2009 ICRA Assigns LBBB/A2 ratings to the bank lines of Vijai Infrastructure Limited

February 23, 2009 ICRA withdraws A1+ rating assigned to the Rs 100 million CP Programme of M/s RaneTRW Steering Systems Limited

February 23, 2009 ICRA reaffirms rating on L G Balakrishnan & Bros Limited’s Optionally ConvertibleDebentures and bank lines

February 23, 2009 ICRA assigns LBBB and A3+ ratings to the bank lines of Avon Ispat and Power Limited

February 20, 2009 ICRA assigns LBB+/A4+ ratings to the bank lines of Muthoot Hotels and InfrastructureVentures Private Limited and Muthoot Hotels Private Limited

February 20, 2009 ICRA assigns fresh ratings to various bonds programme of Central Bank of India

February 20, 2009 ICRA assigns LBBB- rating to the term loan and fund based/non fund based limits of SriVenkata Sai Educational Society

February 20, 2009 ICRA revises rating of Commercial Paper / Short term Debt programme of LibertyShoes Limited

February 20, 2009 ICRA assigns LA+/A1+ rating to the bank lines of TVS Logistics Services Limited

February 19, 2009 ICRA Reaffirms Highest Credit Quality Ratings To Debt Programmes Of Bank OfBaroda Limited

February 19, 2009 ICRA reaffirms rating assigned to senior PTCs under MBS programme of erstwhile BOBHousing Finance Limited

February 19, 2009 Update on L&T Finance Ltd

February 19, 2009 Update on Kotak Mahindra Prime

February 19, 2009 ICRA revises the CP/ STD rating and the bank line ratings of Rico Auto IndustriesLimited

February 19, 2009 ICRA revises the ratings assigned to the bank lines of Lumax Industries Limited

February 19, 2009 ICRA assigns LBBB / A2 rating to bank lines of Nirmal Bang Securities Private Limited

February 19, 2009 ICRA assigns A1+ rating to UTV Software Communications Limited’s enhancedCommercial Paper programme

February 19, 2009 ICRA assigns LBBB/A3+ ratings to bank facilities of Atlas Cycles (Haryana) Limited

February 19, 2009 ICRA assigns LAAA rating to Rs 10 billion debenture issue of Larsen & Toubro Limited

February 19, 2009 ICRA assigns LAAA rating to the Rs. 2 billion Long-Term Bonds programme of NationalCapital Region Planning Board

February 19, 2009 ICRA retains LA(SO) rating to the Rs. 5.68 billion Bond Programme of Andhra PradeshWater Resources Development Corporation

February 18, 2009 ICRA Assigns LBBB+ rating to bank limits of Poona Dal and Besan Mills Pvt. Ltd.

February 17, 2009 ICRA assigns a long-term rating of “LBB+” to Bank Facilities of Aerens GoldsoukInternational Limited

February 17, 2009 ICRA revises the CP/ STD rating of Sona Koyo Steering Systems

February 17, 2009 ICRA revises bank line ratings of Rajapalayam Mills Limited

February 16, 2009 ICRA assigns LA+ (SO)/A1 (SO) to the bank lines of Simon India Limited

February 16, 2009 ICRA assigns LBB+ ratings to the bank lines of Sri Anjaneya Agrotech Private Limited

February 16, 2009 ICRA assigns LAA-(SO) / A1+ (SO) rating to Rs. 3.0 billion bank limits of Reebok IndiaCompany

February 16, 2009 ICRA assigns conditional LA+ (SO) to Rs. 750 million NCD Programme of KMC


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February 16, 2009 ICRA assigns conditional LA+ (SO) to Rs. 750 million NCD Programme of KMCConstructions Limited

February 16, 2009 ICRA assigns LBBB-/ A3 ratings to the bank facilities of Escorts ConstructionEquipment Limited

February 16, 2009 ICRA withdraws ratings assigned to Non-Convertible Debentures of Sundaram BNPParibas Home Finance Limited

February 13, 2009 ICRA assigns LBBB-/A3 rating to Yogindera Worsted Limited’s bank lines

February 13, 2009 ICRA assigns LBBB- and A3 ratings to the Bank credit lines of Itarsi Oils & FloursLimited

February 13, 2009 ICRA revises the medium term and long term ratings of Television Eighteen IndiaLimited

February 13, 2009 ICRA assigns LBBB-/A3 ratings to the bank limits of Pon Pure Chem (P) Limited

February 12, 2009 ICRA downgrades the ratings assigned to the bank lines of IG Petrochemicals Limited

February 12, 2009 ICRA assigns LBB+/A4+ ratings to Sree Akkamamba Textiles Limited

February 12, 2009 ICRA assigns LBBB- and A3 rating to bank lines of Dhoot Transmission Private Limited

February 12, 2009 ICRA assigns LB+ and A4 ratings to the bank lines of Just Textiles Limited

February 12, 2009 ICRA assigns LBBB+ and A2+ ratings to the bank limits of Indu Projects Ltd.

February 12, 2009 ICRA downgrades the ratings assigned to the debt programme of DCM ShriramConsolidated Limited

February 12, 2009 ICRA Assigns LBBB- and A3 rating to bank lines of DD International Inc.

February 12, 2009 ICRA Assigns LBBB- and A3 rating to bank lines of LT Foods Ltd.

February 12, 2009 ICRA assigns LBB and A4 ratings to the bank limits of Maruti Cotex Limited

February 12, 2009 ICRA assigns LBB/A4 to the bank lines of Fortuna Engineering (Nasik) Private Limited

February 11, 2009 ICRA assigns LBBB and A3 ratings to the bank limits of SJS Enterprises Private Limited

February 11, 2009 ICRA assigns conditional LAAA (SO) ratings to the Rs. 1.21 billion Purchaser payoutsbacked by loan receivables originated by Tata Motors Limited (TML) - Tata MotorsLimited CV and Auto Pool Direct Assignment January 2009

February 11, 2009 ICRA downgrades ratings of Jay Polychem (India) Limited to LBBB-/A3+

February 10, 2009 ICRA revises bank line and Commercial paper ratings of Pricol Limited

February 10, 2009 ICRA revises CP and bank line ratings of Hydro S&S Industries Limited

February 10, 2009 ICRA assigns moderate credit quality ratings to the bank lines of The Dhamra PortCompany Limited

February 10, 2009 ICRA assigns LBBB/A3+ to the bank lines of KSH International Private Limited

February 10, 2009 ICRA revises the bank line ratings of Nelcast Limited to LBBB+ and A2+

February 10, 2009 ICRA revises Bank lines, Fixed deposit and Commercial paper ratings of Rane EngineValve Limited

February 10, 2009 ICRA assigns LBB+ and A4+ rating to the Bank credit lines of Fertichem CotspinLimited

February 10, 2009 ICRA assigns LBBB- and A3 ratings to the bank limits of Geodesic Techniques PrivateLimited

February 10, 2009 ICRA assigns LBBB- and A3 rating to Bank Limits of R.K. Powergen Private Limited

February 10, 2009 ICRA assigns high credit quality rating to the Rs. 5 billion Lower Tier II bond programmeof United Bank of India; reaffirms the ratings assigned earlier.

February 9, 2009 ICRA revises the rating assigned to Shasun Chemicals & Drugs Limited

February 9, 2009 ICRA assigns LBBB- and A3 to the bank lines of La Gajjar Machineries Private Limited

February 7, 2009 ICRA Mutual Funds Awards

February 6, 2009 ICRA assigns LBBB+ and A2 rating to the Bank lines of Vinergy International PrivateLimited

February 6, 2009 ICRA assign ratings to Basel – II bank lines of Transglobal Securities Limited

February 6, 2009 ICRA assigns LBBB- and A3 ratings to the bank lines of Saurabh Agrotech Pvt Ltd(SAPL)

February 5, 2009 ICRA rating for HLL Lifecare Limited (erstwhile Hindustan Latex Limited)

February 5, 2009 ICRA assigns A2+ rating to the bank limits of LAP Ross Engineering Limited

February 5, 2009 ICRA assigns LBBB- and A3 ratings to the Term loan and working capital facilities ofInternational Seaports (Haldia) Private Limited

February 5, 2009 ICRA assigns LBBB- rating to the Term Loans of Mahatma Education Society

February 5, 2009 ICRA assigns LA- rating to the bank facilities of DLF Laing O’Rourke (India) Limited

February 5, 2009 ICRA withdraws grading assigned to Bengal Shrachi Housing Development Limited

February 5, 2009 ICRA withdraws grading assigned to Consulting Engineering Services (India) PrivateLimited

February 5, 2009 ICRA withdraws grading assigned to Parsvnath Developers Limited

February 5, 2009 ICRA withdraws grading assigned to RDS Projects Limited

February 5, 2009 ICRA downgrades the ratings assigned to the fund and non-fund based limits of STCLLimited from LA-/A1 to LBB/A4

February 5, 2009 ICRA retains the rating for the Rs. 30 billion Debt Programme of various entities of the


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State Government of Andhra Pradesh

February 4, 2009 ICRA assigns LBB rating to the fund based limits/ long term loans and A4 rating to nonfund based limits of Rai Bahadur Narain Singh Sugar Mills Limited

February 4, 2009 ICRA revises the ratings assigned to Tata Metaliks Ltd and puts them on watch

February 4, 2009 ICRA assigns LA- rating to bank facilities of Tata Metaliks Kubota Pipes Ltd

February 4, 2009 ICRA reaffirms the issuer ratings at IrA for Bangalore Electricity Supply CompanyLimited

February 4, 2009 ICRA assigns LBBB- and A3 ratings to the bank limits of Sagar Infra Rail InternationalLimited

February 3, 2009 ICRA reaffirms highest credit quality rating to the Certificates of Deposit of ABN AMROBank N.V. (Indian Branches)

February 3, 2009 ICRA withdraws ‘A1+’ rating assigned to the Short Term Debt/ Commercial PaperProgramme of Citifinancial Consumer Finance India Limited

February 3, 2009 ICRA assigns LBBB and A2 rating to the term debt and various bank facilities of GlobalWind Power Limited

February 2, 2009 ICRA reaffirms rating assigned to senior PTCs under MBS programme of CanfinHomes Limited

February 2, 2009 ICRA revises Non Convertible Debenture/Long Term Debt programme of Ashok LeylandLimited.

February 2, 2009 ICRA withdraws ‘A1’ rating assigned to the short term debt programme of Angel InfinPrivate Limited

February 2, 2009 ICRA withdraws ‘A1’ rating assigned to the short term debt programme of Rathi GlobalFinance Limited

February 2, 2009 ICRA withdraws ‘A1’ rating assigned to the short term debt programme of Anand RathiFinancial Services Ltd

February 2, 2009 ICRA downgrades rating assigned to TDI Infrastructure Limited

February 2, 2009 ICRA withdraws ‘A1’ rating assigned to the short term debt programme of Anand RathiFinancial Services Ltd

February 2, 2009 ICRA revises bank line ratings of Hinduja Foundries Limited

January 30, 2009 ICRA assigns LBBB+/A2+ ratings to the bank facilities of Sunrise Containers Limited

January 30, 2009 ICRA assigns LBBB/A2 ratings to the bank facilities of Hitesh Plastics Private Limited

January 30, 2009 ICRA assigns ratings to the bank lines of Hysco Steel India Limited

January 30, 2009 ICRA assign ratings to Basel – II bank lines of Shilpa Stock Brokers Private Limited

January 30, 2009 ICRA assigns LBB-/A4 ratings to the bank limits of Sholingur Textiles Limited

January 30, 2009 ICRA assigns LBBB & A3+ ratings to Sahyadri Starch & Industries Private Limited

January 30, 2009 ICRA assigns LBBB rating to the bank lines of Brandhouse Retails Limited

January 30, 2009 ICRA assigns LBB+ rating to bank limits of Vah Magna Retail Private Limited

January 30, 2009 ICRA assigns LBBB+/A2 rating to the bank limits of Mackintosh Burn Limited

January 30, 2009 ICRA Withdraws A1+ rating assigned to CP/STD program of M/s Harita SeatingSystems Limited

January 30, 2009 ICRA Withdraws A1+ rating assigned to CP/STD program of M/s Sundaram ClaytonLimited

January 30, 2009 ICRA Withdraws A1+ rating assigned to CP/STD program of M/s Automotive AxlesLimited

January 30, 2009 ICRA Withdraws A2+ rating assigned to CP/STD program of M/s Falcon Tyres Limited

January 29, 2009 ICRA reaffirms highest-credit-quality ratings assigned earlier to the outstandingsubordinated debt programme of SBI Cards and Payment Services Limited

January 29, 2009 ICRA Assigns A3 rating to bank limits of Sidd’s Jewels Private Limited

January 29, 2009 ICRA Assigns A3 rating to bank limits of Pooja Exports

January 29, 2009 ICRA Withdraws Issuer Rating Ir BBB assigned to M/s Vakil Housing DevelopmentCoproration Ltd.

January 29, 2009 ICRA assigns LBBB and A2 ratings to the bank lines of Rathi Bars Limited

January 29, 2009 ICRA assigns LBB+ rating to the bank lines of Rathi Special Steels Limited

January 29, 2009 ICRA reaffirms highest credit quality rating to the Certificates of Deposit of the BarclaysBank PLC (India operations)

January 29, 2009 ICRA assigns LA/A1 ratings to Light Alloy Products Limited

January 29, 2009 ICRA assigns LA/A1 ratings to ABI Showatech (India) Limited

January 29, 2009 ICRA assigns LA- rating to LAP Ross Engineering Limited

January 29, 2009 ICRA assigns LAA– and A1+ ratings to the bank limits of Turbo Energy Limited

January 29, 2009 ICRA assigns LBBB+ and A2+ ratings to the bank limits of Advanced Micronics DevicesLimited

January 28, 2009 ICRA assigns LA+ and A1 ratings to the debt programmes of Shree Renuka SugarsLimited (SRSL)

January 28, 2009 ICRA enhances rated amount of bank lines of Adlabs Films Limited

January 28, 2009 ICRA assigns LBBB- rating to the fund based limits and A3 rating to non fund basedlimits of Aravali Infrapower Limited


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limits of Aravali Infrapower Limited

January 28, 2009 ICRA assigns LBBB- and A3 rating to the Bank credit lines of KRF Limited

January 28, 2009 ICRA assigns LBBB and A2 to the bank lines of Genus Electrotech Limited

January 27, 2009 ICRA assigns A1+ rating to the Rs. 10 billion short term Non Convertible Debentureprogramme (enhanced from Rs 5 billion) of RHC Holding Private Limited

January 27, 2009 ICRA assigns LBBB- rating to the fund based limits and long term loans; and A3 ratingto the short term loans of Rajshree Sugars & Chemicals Limited (RSCL)

January 27, 2009 ICRA assigns LAA- and A1+ to the bank limits of Acer India Private Limited

January 27, 2009 ICRA assigns A1+ rating to the bank lines of Zodiac Clothing Company Limited

January 27, 2009 ICRA revises the long term and short term ratings assigned to the bank lines of SomaEnterprise Limited to LA-/A2+ from LA/A1 earlier

January 27, 2009 ICRA assigns an LBBB- rating to the term loan programme of Adilabad ExpresswayPrivate Limited

January 24, 2009 ICRA revises Tata Motor’s Long-Term Rating

January 24, 2009 ICRA Limited: Unaudited Financial Results for the third quarter and nine months endedDecember 31, 2008

January 24, 2009 ICRA assigns LBB+ and A4+ ratings to the bank lines of Agro Dutch Industries Limited

January 24, 2009 ICRA downgrades ratings assigned to PTCs backed by Tata Motors Finance Limited toLA+(SO)

January 24, 2009 ICRA downgrades the long term ratings assigned to Tata Motors Finance Limited fromLAA- to LA+

January 23, 2009 ICRA has assigned an LBB rating to Vee Kay Industries

January 23, 2009 ICRA assigns LBBB-/A3 ratings to bank facilities of Kapoor Industries

January 23, 2009 ICRA assigns LA+ rating to the bank lines of Apeejay Surrendra Park Hotels Limited

January 23, 2009 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisationprogrammes originated by Kotak Mahindra Bank Limited / Kotak Mahindra PrimeLimited

January 23, 2009 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisationprogrammes of Standard Chartered Bank Limited

January 23, 2009 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisationprogrammes of YES Bank Limited

January 23, 2009 ICRA withdraws A1+(SO) ratings assigned to the PTCs issued by Loan SecuritisationTrust originated by ICICI Bank Limited (ICICI Bank Ltd. (2003) Loan Sell off 3)

January 23, 2009 ICRA reaffirms LAA rating to the subordinated debt programme of Central Bank of India

January 23, 2009 ICRA assigns LA+/A1+ to the bank lines of M/s Indoco Remedies Limited

January 23, 2009 ICRA withdraws the ratings assigned to the PTC series A1 & series A2 issued byCorporate Loan Securitisation Series 102 Trust 2008

January 23, 2009 ICRA downgrades ratings assigned to PTCs backed by loan to Sobha DevelopersLimited to LBB-(SO)

January 23, 2009 ICRA revises the rating assigned to the long term debt programme of Sobha DevelopersLimited

January 22, 2009 ICRA assigns LBBB-/A3 ratings to bank facilities of Benlon India Limited

January 22, 2009 ICRA assigns LA+ ratings to the Non Convertible Debentures (NCD) programme ofTriveni Engineering and Industries Limited (TEIL)

January 22, 2009 ICRA assigns LA, A1 rating to the debt programmes of Hindustan Sanitaryware &Industries Limited (HSI) under Basel-II

January 22, 2009 ICRA revises the outlook on Citifinancial’s Long Term ratings from ‘Stable’ to ‘Negative’

January 22, 2009 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisationprogrammes of IDBI Limited

January 22, 2009 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisationprogrammes of erstwhile Centurion Bank of Punjab

January 22, 2009 ICRA withdraws ratings assigned to the PTCs under Loan Securitisation programmeoriginated by Bank of America

January 22, 2009 ICRA withdraws ratings assigned to the PTCs under Loan Securitisation programmeoriginated by Citibank

January 22, 2009 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisationprogrammes originated by ABN AMRO Bank

January 21, 2009 ICRA assigns LBBB/A3+ ratings to the bank lines of Keventer Agro Limited

January 21, 2009 ICRA withdraws ratings assigned to the PTCs under various ABS programmes of TataMotors Limited

January 21, 2009 ICRA withdraws ratings assigned to Senior PTCs backed by loans pool originated bySREI Infrastructure Finance Limited

January 21, 2009 ICRA withdraws ratings assigned to the PTCs under various ABS programmes of ICICIBank Limited

January 21, 2009 ICRA assigns A3 rating to bank limits of Finestar Jewellery (India) Private Limited

January 21, 2009 ICRA assigns LAAA rating to Canara Bank’s enhanced Lower Tier II Bonds Programme

January 21, 2009 ICRA places long term ratings of Barclays Investments & Loans (India) Limited on ratingwatch with negative implications


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January 21, 2009 ICRA places long term ratings of ABN AMRO Securities (India) Private Limited on ratingwatch with negative implications

January 21, 2009 ICRA assigns highest credit quality rating to the Rs. 2 billion Long-Term Bondsprogramme of National Capital Region Planning Board

January 21, 2009 ICRA assigns A3 rating to the working capital facilities of Hilton Metal Forging Limited

January 21, 2009 ICRA assigns LA+ and A1+ ratings to the bank limits of Opto Circuits (India) Limited

January 20, 2009 ICRA reaffirms mfA1+ rating to schemes of Franklin Templeton Mutual Fund

January 20, 2009 ICRA assigns LAA- and A1+ to the bank limits of TATA Elxsi Limited

January 20, 2009 ICRA Assigns Provisional Ratings of LAAA(SO) to the Proposed GoI-Guaranteed Bondsof IIFCL

January 20, 2009 ICRA reaffirms the CGR 2 rating assigned to the corporate governance practices ofPunjab National Bank

January 20, 2009 ICRA assigns A3 rating to the bank limits of Gem Star Company

January 20, 2009 ICRA assigns A3 rating to the bank lines of Bhansali & Co.

January 20, 2009 ICRA assigns LBBB-/A3 to the bank lines of M/s Desai Electronics Private Limited

January 20, 2009 ICRA revises rating outlook on bank limits of Telco Construction Equipment CompanyLimited

January 20, 2009 ICRA reaffirms MA- rating for Jagsonpal Pharmaceutical Limited’s FD programme

January 20, 2009 ICRA rating for Fresenius Kabi Oncology Limited

January 19, 2009 ICRA assigns LBB+ and A4+ ratings to the bank lines of Jasch Plastics India Ltd

January 19, 2009 ICRA assigns highest credit quality ratings to Kotak Floater Long Term Scheme

January 19, 2009 ICRA assigns rating to term loans of Calcom Cement India Ltd

January 19, 2009 ICRA Assigns BB Rating to the Bank Lines of Bholasingh Jaiprakash ConstructionLimited

January 16, 2009 ICRA outlook on the Indian downstream oil sector

January 16, 2009 ICRA assigns A1 to bank limits of Venus Jewel

January 16, 2009 ICRA places LAA/A1+ ratings of Motherson Sumi Systems Limited on Rating Watchwith Negative Implications

January 15, 2009 ICRA reaffirms LAA-, MAA- and A1+ ratings to debt programmes of Dalmia Cement(Bharat) Limited

January 15, 2009 ICRA assigns conditional LBBB+(SO) rating to the Rs. 1.50 billion term-loan programmeof Utkal Coal Limited

January 15, 2009 ICRA assigns LA rating to term loans of Amalgamated Plantations Pvt. Ltd

January 14, 2009 ICRA assigns A1+ rating to Global Trade Finance Limited’s enhanced short term debtprogramme

January 14, 2009 ICRA reaffirms LAAA rating to the outstanding subordinated bonds programme, MAAArating to the Fixed Deposits programme and A1+ rating to the Certificates of DepositsProgramme of Punjab National Bank

January 14, 2009 ICRA Assigns LBBB+ / A2 ratings to Bank limits of Essar Telecom Infrastructure Pvt.Ltd.

January 14, 2009 ICRA reaffirms A1+ rating to the Short-Term Debt Programme of Standard Chartered –STCI Capital Markets Ltd (formerly known as UTI Securities Limited)

January 14, 2009 ICRA assigns LBBB- and A3 to the bank lines of Emitec Emission Control TechnologiesIndia Private Limited

January 14, 2009 ICRA assigns LAA- rating to long term bank loans and A1+ to short term bank loans ofNational Cooperative Development Corporation

January 14, 2009 ICRA assigns LAA & A1+ rating to Intas Pharmaceuticals Limited

January 14, 2009 ICRA assigns LBBB- to bank facilities of Marwari Balika Vidyalaya Society

January 13, 2009 ICRA assigns LBBB/A3+ ratings to the bank lines of Gora Mal Hari Ram Limited

January 13, 2009 ICRA assigns LA- and A1 to the bank lines of ACC Machinery Company Ltd.

January 13, 2009 ICRA reaffirms the LAA- rating assigned to the NCD programme of Tata ProjectsLimited

January 13, 2009 ICRA assigns LAAA/A1+ rating to the bank lines of Hindustan Aeronautics Limited andreaffirms ratings for the long term and short term debt programmes

January 13, 2009 ICRA assigns LAAA rating to Airport Authority of India (AAI)

January 13, 2009 ICRA assigns LA- and A2+ ratings to the bank limits of Subhash Projects and MarketingLtd.

January 13, 2009 ICRA assigns LBBB+ and A2+ rating to the debt programmes of Cement ManufacturingCompany Limited

January 12, 2009 ICRA assigns LBBB+/A2 rating to Autometers Alliance Limited’s bank lines

January 12, 2009 ICRA assigns highest credit quality ratings to Baroda Pioneer Liquid Fund

January 12, 2009 ICRA assigns LA / A1 ratings to the bank lines of Tata Business Support ServicesLimited

January 12, 2009 ICRA assigns highest credit quality rating to the Bond Programme of NLC

January 12, 2009 ICRA revises short-term bank line rating of Laxmi Diamond Private Limited

January 12, 2009 ICRA revises short-term bank line rating of C. Mahendra Exports Limited


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January 12, 2009 ICRA revises short-term bank line rating of C. Mahendra Exports Limited

January 12, 2009 ICRA reaffirms ratings of various debt programmes of Oriental Bank of Commerce

January 9, 2009 ICRA assigns A1+ rating to Rs. 1.5 billion Commercial Paper programme of UTVSoftware Communications Limited

January 9, 2009 ICRA retains the ratings for various instruments of Karnataka Neeravari Nigam Limited

January 9, 2009 ICRA assigns LBBB+ and A2+ ratings to the bank limits of AVT Mc Cormick IngredientsPvt Limited

January 9, 2009 ICRA assigns LBBB+ and A2+ ratings to the bank limits of AVT Natural ProductsLimited

January 9, 2009 ICRA assigns high credit quality ratings to IOB’s Tier II bonds and Perpetual bondsprogrammes

January 9, 2009 ICRA reaffirms the adequate credit quality rating assigned earlier to Fixed DepositProgramme of The Delhi Safe Deposits Company Limited

January 9, 2009 ICRA withdraws rating assigned to the fixed deposit programme of Hindustan DorrOliver Limited

January 9, 2009 ICRA withdraws rating assigned to the commercial paper/short term programme of SoulSpace Projects Limited (SSPL)

January 9, 2009 ICRA assigns A1/LA- ratings to bank lines of Haldiram Products Private Limited (HPPL)

January 9, 2009 ICRA assigns LBBB/A2 ratings to bank lines of Yamuna Syndicate Limited

January 9, 2009 ICRA revises short term rating of Hero Motors Limited

January 9, 2009 ICRA suspends the ratings assigned to Maytas Infra Limited (MIL)

January 9, 2009 ICRA Retains LBBB (SO) rating to the Rs. 904.8 million Bond Programme ofMaharashtra Jeevan Pradhikaran

January 7, 2009 ICRA downgrade the ratings assigned to Maytas Infra Limited

January 7, 2009 ICRA assigns LBBB/A2 ratings to the bank limits of Roman Tarmat Ltd.

January 7, 2009 ICRA assigns LA-/A1 rating to Rubamin Limited’s bank lines

January 7, 2009 ICRA reaffirms high-credit-quality ratings of Deutsche Postbank Home Finance Limited

January 7, 2009 ICRA assigns LBBB-/A3 ratings to the bank facilities of HI-Q Electronics Pvt. Limited

January 7, 2009 ICRA Retains LBBB (SO) rating to the Rs. 904.8 million Bond Programme ofMaharashtra Jeevan Pradhikaran (MJP)

January 6, 2009 ICRA assigns A1+s rating to the Commercial Paper Programme and LAAA/A1+ ratingsto the bank facilities of ONGC Videsh Limited

January 6, 2009 ICRA Assigns LBB+/A4+ to the bank limits of BBIPL Infrastructure (India) PrivateLimited

January 6, 2009 ICRA reaffirms MAA+ rating to the fixed deposits programme of Canfin Homes Limited

January 6, 2009 ICRA assigns a conditional LBBB+(SO) rating to the Regular Return Bond Programmeof Rs. 5 billion with Green Shoe Option up to Rs. 5 billion of Punjab InfrastructureDevelopment Board

January 6, 2009 ICRA assigns a final LBBB+(SO) rating to the Deep Discount Bond Programme of Rs.1.50 billion of Punjab Infrastructure Development Board

January 6, 2009 ICRA downgrades the ratings assigned to the fund based limits of Manipal HealthSystems Limited to LBB / A4

January 6, 2009 ICRA assigned LAA+ rating to the bank lines of Exide Industries ltd. ICRA reaffirms theA1+ rating to Exide’s CP Programme

January 6, 2009 ICRA places ratings of Wireless TT Info Services Limited on Rating Watch withDeveloping Implications

January 6, 2009 ICRA assigns LBB+ and A4+ ratings to Bank facilities of Viraj Steel & Energy Limited

January 6, 2009 ICRA assigns A1 rating to the short-term bank lines of Tata Teleservices (Maharashtra)Limited

January 5, 2009 ICRA assigns LA-/A1 rating to the bank limits of Maxpower Infosystems

January 5, 2009 ICRA assigns LBBB+/ A2+ rating to the bank limits of Balaji Powertronics

January 5, 2009 ICRA assigns LBBB+/ A2+ rating to the bank limits of Microtek International PrivateLimited

January 5, 2009 ICRA assigns LBBB and A2 ratings to the bank lines of Virgin Mobile India PrivateLimited

January 5, 2009 ICRA reaffirms ratings assigned to 11 series of Pass Through Certificates (PTCs)under 4 Mortgage Backed Securitisation transactions originated by ICICI Bank Limited(IBL)

January 5, 2009 ICRA Assigns A1 and LA- rating to the bank facilities of Apollo International Limited

January 5, 2009 ICRA assigns A4+ rating to bank limits of Tanaaya Gems & Jewellery Exports Limited

January 5, 2009 ICRA assigns A4+ rating to bank limits of Jaimin Jewellery Exports Private Limited

January 5, 2009 ICRA assigns LBB+/A4+ ratings to the bank limits of Progressive Civil Construction Co.Pvt. Ltd.

January 5, 2009 ICRA assigns A3+ rating to bank lines of Khimji Visram & Sons (CommissionDepartment)

January 2, 2009 ICRA assigns conditional LAAA (SO) ratings to the Rs. 1.50 billion Purchaser payoutsbacked by loan receivables originated by Tata Motors Limited (TML) - Tata MotorsLimited CV and Auto Pool Direct Assignment December 2008- II


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Limited CV and Auto Pool Direct Assignment December 2008- II

January 2, 2009 ICRA reaffirms rating assigned to senior PTCs HDFC’s MBS programme

January 2, 2009 ICRA assigns LA-/A2+ ratings to the bank limits of The Andhra Petrochemicals Limited

January 2, 2009 ICRA assigns highest credit quality rating to the enhanced Long Term BorrowingProgram and Short Term Borrowing Programme of Power Finance Corporation Limited

January 2, 2009 ICRA assigns LBBB / A2 ratings to fund based and non-fund based bank limits of MBLInfrastructure Ltd.

January 1, 2009 ICRA releases an update on the performance of ABS pools

December 31, 2008 ICRA assigns A3+ rating to bank lines of Ratilal Becharlal & Sons

December 31, 2008 ICRA assigns ratings to bank facilities of India Carbon Ltd

December 31, 2008 ICRA assigns LBB+ to bank limits of Alcon Resorts Holdings Limited

December 31, 2008 ICRA assigns LBBB+ and A2 rating to the bank lines of Gujarat State EnergyGeneration Limited

December 31, 2008 ICRA assigns LAA-/A1+ to the bank lines of Prism Cement Limited

December 31, 2008 ICRA assigns conditional LAAA (SO) ratings to the Rs. 1.57 billion Purchaser payoutsbacked by loan receivables originated by Tata Motors Limited (TML) -Tata MotorsLimited CV and Auto Pool Direct Assignment December 2008

December 31, 2008 ICRA assigns A1 to Future Capital Holdings Limited’s short term debt programme

December 31, 2008 ICRA assigns LBB+ rating to the fund based limits of K.S.C. Educational Society

December 31, 2008 ICRA Assigns LBB+ and A4+ rating to the bank limits of Ratanchand Jewellers PrivateLimited

December 31, 2008 ICRA assigns LBB+ and A4+ ratings to the Bank Limits of Sunflag Filaments Limited

December 31, 2008 ICRA assigns LBBB+ and A2+ ratings to the Bank Limits of W.S. Industries (India)Limited

December 31, 2008 ICRA assigns LBBB- ratings to the Bank Limits of SVG Fashion Limited

December 31, 2008 ICRA assigns LBBB- and A3 ratings to the bank lines of Sabero Organics GujaratLimited

December 31, 2008 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisationprogrammes of YES Bank Limited

December 31, 2008 ICRA withdraws ratings assigned to the PTCs under various Loan Securitisationprogrammes of GE Capital Services India

December 31, 2008 ICRA assigns LBB+ and A4+ ratings to the bank limits of Steel Exchange India Limited

December 31, 2008 ICRA withdraws ‘MA’ rating assigned fixed deposits programme of Pyramid FinanceLimited

December 31, 2008 ICRA withdraws ratings assigned to Series A3 PTCs issued under a securitisationtransaction originated by HDFC Bank Limited

December 31, 2008 ICRA withdraws ratings assigned to Series A3 and Series A4 PTCs issued under asecuritisation transaction originated by Tata Motors Limited

December 31, 2008 ICRA Assigns LBBB- and A3 ratings to the bank limits of Davanam Jewellers PrivateLimited

December 30, 2008 ICRA assigns LBB/A4 to the bank lines of M/s Abhishek Corporation Limited

December 30, 2008 ICRA withdraws ratings assigned to the PTCs under Debenture Sell-off programmeoriginated by ICICI bank Limited

December 30, 2008 ICRA withdraws ratings assigned to the PTCs under various ABS programmes of ICICIBank Limited

December 30, 2008 ICRA withdraws ratings under loan pool assignment programme of ICICI Bank Limited

December 30, 2008 ICRA assigns LBBB-/A3 ratings to the bank lines of P.R.P Exports

December 30, 2008 ICRA assigns LBBB- rating to the Bank credit lines and conditional LBBB+ (SO) ratingto the NCD programme of Krishnapatnam Port Company Limited

December 30, 2008 ICRA assigns LBBB/A3+ ratings to the bank lines of Empire Industries Limited

December 30, 2008 ICRA reaffirms the high credit quality rating assigned to the Rs. 2.75 billion Tier IIbonds of UCO Bank

December 30, 2008 ICRA assigns LBBB-/A3 ratings to Turbovent Industries Private Limited

December 30, 2008 ICRA assigns LBBB-/A3 ratings to Parasakthi Cements Industries Limited

December 30, 2008 ICRA assigns LBB rating to the Bank credit lines of Gujarat Chemical Port TerminalCompany Limited

December 30, 2008 ICRA assigns LBB to the bank lines of Shri Malaprabha Sahakari Sakkare KarkhaneNiyamitha

December 30, 2008 ICRA assigns LBBB ratings to the bank lines of Goodearth Maritime Limited

December 30, 2008 ICRA assigns LBBB rating to the bank lines of Durha Constructions Private Limited

December 30, 2008 ICRA assigns Issuer Rating of IrAA+ to Bharti Infratel Limited

December 30, 2008 ICRA assigns LBB+/A4+ ratings to MYK Spinning Industries Limited

December 29, 2008 ICRA assigns LBB / A4 ratings to the bank lines of Asian Peroxides Limited

December 29, 2008 ICRA assigns A4+ rating to the bank lines of credit of B. Vijaykumar & Co.

December 29, 2008 ICRA assigns LAA- rating to India Infoline Ltd’s Long Term Debt Programme;Re-affirms Short Term rating

December 29, 2008 ICRA assigns LA+ rating to India Infoline Investment Services Ltd’s Long Term Debt


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December 29, 2008 ICRA assigns LA+ rating to India Infoline Investment Services Ltd’s Long Term DebtProgramme; Re-affirms Short Term rating

December 29, 2008 ICRA assigns A1 rating to MoneyLine Credit Ltd’s Short Term Debt Programme

December 29, 2008 ICRA Assigns LA+ and A1+ Ratings to the Bank Facilities of Kalyani Steels Ltd

December 29, 2008 ICRA assigns LBB+ and A4+ ratings to Varsha Corporation Limited

December 29, 2008 ICRA reaffirms A1+ rating assigned to the short-term debt programme OCL IndiaLimited

December 29, 2008 ICRA reaffirms ratings of various debt programmes of IndusInd Bank Limited

December 29, 2008 ICRA assigns LBBB rating to bank limits of Harinagar Sugar Mills Limited

December 26, 2008 ICRA assigns LBB+ rating to Bank Limits of Dharamshala Hydro Power Limited

December 26, 2008 ICRA assigns LBB+ rating to Bank Limits of Ind Bharath Power Gencom Limited

December 26, 2008 ICRA assigns LBB+ rating to Bank Limits of NATL Power Limited

December 26, 2008 ICRA assigns LAA- rating to the Rs. 1 billion Non Convertible Debenture programme ofTitan Industries Limited and reaffirms the LAA-/A1+ ratings assigned earlier

December 26, 2008 ICRA Assigns LBBB- rating to bank limits of Ganesh Housing Corporation Limited

December 24, 2008 ICRA revises Long term rating of Citifinancial Consumer Finance India Limited fromLAAA (Negative outlook) to LAA+ (Stable outlook)

December 24, 2008 ICRA assigns LBBB-/A3 rating to bank lines of Shemaroo Entertainment Private Limited

December 24, 2008 ICRA assigns LBBB-/A3 rating to bank limits of Electromech Material Handling Systems(India) Private Limited

December 24, 2008 ICRA assigns LA+/A1 ratings to the bank limits of Ocean Sparkle Limited

December 24, 2008 ICRA assigns LA- rating to the bank limits of Sealion Sparkle Maritime Services Limited

December 24, 2008 ICRA assigns LAA rating to Bharat Forge Limited

December 24, 2008 ICRA assigns A2+ rating to the bank limits of Oil Country Tubular Limited

December 24, 2008 ICRA assigns LBBB+ and A2+ ratings to fund based/non fund based facilities ofVadehra Builders Private Limited

December 24, 2008 ICRA assigns A3 rating to the bank lines of credit of Mani Exports

December 23, 2008 ICRA assigns A4 rating to bank lines of Om Anand Exports

December 23, 2008 ICRA assigns LBBB-/A3 rating to the proposed bank lines of Bright Outdoor Media

December 23, 2008 ICRA assigns LAA-/A1+ rating to bank lines of Adlabs Films Limited

December 23, 2008 ICRA reaffirms A1 rating of Arch Pharmalabs Limited

December 23, 2008 ICRA assigns A3 rating to the bank lines of credit of Dharmanandan Diamonds PrivateLimited

December 23, 2008 ICRA assigns LBBB+ and A2+ rating to the Bank credit lines of B.V.Bio-Corp Limited(BVBCL)

December 23, 2008 ICRA reaffirms A1+ rating to Short Term Debt programme of Naman Finance &Investment Private Limited

December 23, 2008 ICRA assigns A1+ rating to the Rs. 5 billion short term Non Convertible Debentureprogramme of RHC Holding Private Limited

December 23, 2008 ICRA assigns LBB+/A4+ ratings to bank facilities of Vicksons Steel Private Limited

December 23, 2008 ICRA downgrades the ratings assigned to the bank limits of IDEB Projects PrivateLimited

December 23, 2008 ICRA reaffirms A1+ rating to Short Term Debt programme of Laxminarayan InvestmentLimited

December 22, 2008 ICRA assigns A3 rating to the bank lines of Davariya Brothers

December 22, 2008 ICRA assigns LBB+ and A4+ ratings to the bank lines of Zenith Exports Limited

December 22, 2008 ICRA assigns LBBB- rating to the fund based limits and A3 rating to non fund basedlimits of Advantec Coils Private Limited

December 22, 2008 ICRA reaffirms A1+ rating for the Short-term debt/Commercial Paper programme ofHEG Limited

December 22, 2008 ICRA downgrades the rating for PTCs and assignee payouts backed by a pool ofPersonal Loans originated by Cholamadalam DBS Finance Limited (CDFL); reaffirmsratings of payouts backed by 2 other pools of Personal Loans of CDFL

December 22, 2008 ICRA reaffirms A1+ rating to Short Term Debt programme of Birla Global FinanceCompany Limited

December 19, 2008 ICRA reaffirms LBBB- rating assigned to the fund based limits and A3 rating assignedto non fund based limits of Sir Shadi Lal Enterprises Limited

December 19, 2008 ICRA Assigns LBB+ rating to bank lines of Oyster Medisafe Limited

December 19, 2008 ICRA assigns LAA- and A1+ ratings to the bank facilities of Tata Ryerson Limited

December 19, 2008 ICRA assigns LB rating to the Rs.2 billion bank limits of Dewa Projects Pvt. Ltd.

December 18, 2008 ICRA Assigns LBBB and A2 ratings to fund based/non-fund based bank limits of NKGInfrastructure Limited

December 18, 2008 ICRA assigns LBBB+ and A2 ratings to the bank limits of Zylog Systems Limited

December 18, 2008 ICRA assigns LBBB+/A2+ rating to Jagatjit Industries Limited’s bank lines. ICRA alsoassigns MA- to the fixed deposit programme

December 18, 2008 ICRA places ratings of Maytas Infra Limited on rating watch with negative implication


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December 18, 2008 ICRA places ratings of Maytas Infra Limited on rating watch with negative implication

December 17, 2008 ICRA assigns LBBB+ and A2 ratings to Aarti Drugs Limited

December 17, 2008 ICRA reaffirms A1+ rating to Commercial Paper/Short-Term Debt Programme of HCLInfosystems Limited

December 17, 2008 ICRA downgrades ratings for 7 vehicle loan-backed transactions originated by TataMotors Ltd (TML), reaffirms ratings in 14 other transactions of TML and Tata MotorsFinance Ltd (TMFL)

December 17, 2008 ICRA assigns LA- and A2+ to the bank lines of BGR Energy Systems Limited

December 17, 2008 ICRA assigns LAAA rating to Tata Sons’ NCD Programme

December 16, 2008 ICRA revises bank line/ CP ratings of Wheels India Ltd.

December 16, 2008 ICRA assigns the LAA+ rating to the Rs. 15 billion long term debenture programme(public issue) of Tata Capital Limited

December 16, 2008 ICRA assigns LA/A1 rating to the bank limits of Sudarshan Chemical Industries Limited

December 16, 2008 ICRA reaffirms ratings assigned to the various debt programme of HaldiaPetrochemicals Ltd

December 16, 2008 ICRA assigns LAA-(SO) rating to the Rs.4.8 billion term loan programme of ShyamTelelink Limited

December 15, 2008 ICRA assigns LAA-rating to the fund based bank limits of Gujarat Tea Processors andPackers Limited

December 15, 2008 ICRA assigns LBB rating to the fund based bank limits of Amneal PharmaceuticalsCompany (India) Pvt. Limited

December 15, 2008 ICRA assigns LAAA rating to Tata Sons’ NCD Programme

December 15, 2008 ICRA assigns highest credit quality rating to Export-Import Bank of India’s DebtProgramme

December 15, 2008 ICRA assigns LAA rating to the Rs 1 Billion proposed NCD of Tata Metaliks Ltd

December 15, 2008 Update on Finolex Industries Limited

December 15, 2008 ICRA assigns LBBB- ratings to the bank lines of SMC Power Generation Ltd.

December 12, 2008 ICRA reaffirms A1+ rating of Indoco Remedies Limited

December 12, 2008 ICRA assigns LA rating to the bank lines of Sabarmati Gas Limited

December 12, 2008 ICRA Assigns LBBB+ rating to bank limits of Sri Bhagawan Mahaveer Jain Educational& Cultural Trust

December 11, 2008 ICRA assigns LBB+ and A4+ rating to debt programmes of SK Systems Private Limited

December 11, 2008 ICRA assigns LBBB-/A3 ratings to the bank facilities of Balmukund Sponge & IronLimited

December 11, 2008 ICRA assigns A2 rating to the bank facilities of Delphi Automotive Systems Pvt Limited

December 11, 2008 ICRA withdraws ratings assigned to contributions under a securitisation transactionoriginated by ICICI Bank Limited

December 11, 2008 ICRA assigns LAA+/A1+ ratings to the enhanced bank limits of Indian Oil CorporationLimited

December 10, 2008 ICRA assigns LAA rating to Piramal Healthcare Limited

December 10, 2008 ICRA assigns LBBB-/A3 ratings to the bank facilities of Hare Krishna Metallics Pvt.Limited

December 10, 2008 ICRA Reaffirms Claim Paying Ability Rating of ICICI Lombard General InsuranceCompany

December 10, 2008 ICRA Reaffirms Claim Paying Ability Rating of Bajaj Allianz General InsuranceCompany

December 8, 2008 ICRA has assigned LAAA rating, indicating highest credit quality, to Rs. 20 billionBonds issue of NTPC

December 8, 2008 ICRA assigns LBB+ and A4 ratings to the bank lines of Plastene India Limited

December 8, 2008 ICRA assigns LBB and A4 ratings to the bank lines of Oswal Extrusion Limited

December 8, 2008 ICRA assigns LBBB rating to the fund based limits and A2 rating to non-fund basedlimits of Media Video Ltd.

December 5, 2008 ICRA assigns LBBB- rating to the bank lines of Nandi Highway Developers Ltd. (NHDL)

December 4, 2008 ICRA assigns LA/A1 rating to the bank limits and A1 rating to Rs 200 million CPProgramme of Deepak Nitrite Limited

December 4, 2008 ICRA retains ratings of assignee payouts in 3 vehicle loan backed pools, revises ratingsdownwards for assignee payouts in 2 other transactions originated by ICICI BankLimited (IBL)

December 4, 2008 ICRA assigns LA- and A2+ to the bank limits of KMC Constructions Ltd.

December 3, 2008 ICRA withdraws ratings assigned to Series A2 PTCs issued under a securitisationtransaction originated by ICICI Bank Limited

December 3, 2008 ICRA withdraws ratings assigned to Senior PTCs backed by vehicle loans pooloriginated by Citicorp Finance India Limited

December 3, 2008 Update on Indian Hotels Limited

December 2, 2008 ICRA assigns A3 rating to the bank limits of Gandhi Enterprises

December 2, 2008 ICRA revises bank line ratings of Hinduja Foundries Limited

December 2, 2008 ICRA assigns LBBB- rating to the Bank Limits of Adani Logistics Limited


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December 2, 2008 ICRA assigns LBBB- rating to the Bank Limits of Adani Logistics Limited

December 2, 2008 Update on Deutsche Postbank Home Finance Limited (Erstwhile BHW Home FinanceLimited)

December 2, 2008 ICRA downgrades CP/STD rating of Hindustan Sanitaryware & Industries Limited (HSI)from A1+ to A1

December 2, 2008 ICRA assigns LAA+ rating to Mahindra & Mahindra Limited

November 28, 2008 ICRA assigns LA- to the bank lines of ECIL-Rapiscan Limited

November 28, 2008 ICRA assigns LBBB and A2 on the bank lines of GMR Infrastructure Limited

November 28, 2008 ICRA assigns LBB+ and A4+ ratings to the bank lines of PMC Rubber Chemicals IndiaPvt Ltd.

November 28, 2008 Update on L&T Finance

November 28, 2008 ICRA assigns LBBB rating to the term loan of GMR Hyderabad International AirportLimited

November 28, 2008 ICRA assigns LBBB/A2 rating to the bank limits of Oriental Carbon & Chemicals Limited

November 27, 2008 ICRA assigns LBB- and A4 to the bank limits of Trishul Exotic Private Limited

November 27, 2008 ICRA assigns A4+ to the bank limits of ISKCON Charities

November 27, 2008 ICRA assigns LA+ rating to Rs.200 million NCD Programme of DHFL Vysya HousingFinance Ltd.

November 27, 2008 ICRA assigns LBB and A4 ratuings to the bank limits of Uniword Telecom Limited

November 27, 2008 ICRA assigns conditional LBBB-(SO) rating to the Rs. 1,600 million Long Term Loantaken by Golflinks Software Park Private Limited

November 27, 2008 Update on L&T Infrastructure Finance Company Ltd

November 27, 2008 ICRA assigns LBBB- rating to the term loan and fund based/ non fund based bank limitsof ISGEC HACO Metal Forming Machinery Pvt. Ltd

November 27, 2008 ICRA assigns LBB and A4 ratings to the bank limits of Uniword Telecom Limited

November 26, 2008 ICRA assigns LBB- and A4 to the bank limits of Worldfa Exports Private Limited

November 26, 2008 ICRA withdraws ratings assigned to Purchaser Payouts backed by mortgage loans pooloriginated by Indiabulls Housing Finance Limited

November 26, 2008 ICRA assigns LB+ rating to the Rs. 400 million fund based limits of Indus Sports ResortsPrivate Limited

November 26, 2008 ICRA retains the LA+(SO) rating for the Long Term Bond Programme of CauveryNeeravari Nigam Limited

November 26, 2008 ICRA assigns LBBB- rating to Bank Limits of Ind Bharath Energies Limited

November 26, 2008 ICRA assigns LBBB- rating to Bank Limits of Ind Bharath Energy (Maharashtra) Limited

November 25, 2008 ICRA reaffirms long-term rating of India Infrastructure Finance Company Limited(IIFCL)

November 25, 2008 ICRA revises the rating assigned to the CP/STD programme of Shasun Chemicals

November 25, 2008 ICRA reaffirms highest credit quality ratings to various debt instruments of InfrastructureDevelopment Finance Company Limited

November 25, 2008 ICRA assigns LAA+ rating to Indian Hotels’ NCD programme of Rs. 3 billion

November 25, 2008 ICRA assigns highest credit quality rating to Reliance Capital Limited’s enhanced ShortTerm debt programme

November 25, 2008 ICRA assigns LBBB- rating to the Term Loans of Inland Conware Private Limited

November 24, 2008 ICRA revises bank line and CP ratings of Pricol Limited

November 24, 2008 ICRA assigns LAAA (SO) and A1+ ratings to the term loans and non-fund based limitsof Chennai Container Terminal Private Limited

November 21, 2008 ICRA assigns LBB- and A4 to the bank limits of Teledata Marine Solutions Ltd.

November 21, 2008 ICRA assigns LBB- and A4 to the bank limits of Teledata Informatics Limited

November 21, 2008 ICRA Withdraws rating assigned to CP Programme of TVS Srichakra Limited

November 21, 2008 ICRA retains the long term and short term ratings of The Tata Power Company Limited;changes outlook to stable

November 21, 2008 ICRA revises the long term rating assigned to the bank lines of IVRCL Infrastructuresand Projects Limited (IVRCL) to LAA- from LAA earlier

November 21, 2008 ICRA assigns LBBB/A2 ratings to Lipi Data Systems Limited

November 21, 2008 ICRA assigns LBBB and A2 ratings to the bank lines of Dhanuka Agritech Ltd.

November 20, 2008 ICRA reaffirms credit quality ratings of mutual fund schemes

November 20, 2008 ICRA assigns LBB and A4+ ratings to bank limits of Goel Jewellery International

November 20, 2008 ICRA assigns LBB+ and A4+ ratings to bank limits of Goel Jewelery Mart PrivateLimited

November 20, 2008 ICRA assigns conditional LAAA (SO) ratings to the Rs. 3.51 billion Purchaser payoutsbacked by loan receivables originated by Tata Motors Limited (TML) - Tata MotorsLimited CV Pool Direct Assignment November 2008- II

November 20, 2008 ICRA assigns LA/A1 rating to the fund based and non-fund based limits of CoreProjects and Technologies Limited

November 20, 2008 ICRA Assigns LBBB and A3+ rating to bank limits of Goodluck Steel Tubes Limited

November 20, 2008 ICRA reaffirms highest credit quality ratings to debt programmes of ICICI Bank Limited


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November 20, 2008 ICRA assigns highest ratings to debt instruments of ICICI Home Finance; reaffirmsexisting ratings

November 20, 2008 ICRA assigns A2 rating to the bank lines of Bonanza Portfolio Limited

November 20, 2008 ICRA assigns A2 rating to the short term bank lines of Bonanza Commodity BrokersPrivate Limited

November 20, 2008 ICRA assigns LAAA to Barclays Investments & Loans (India) Limited’s long term bonds

November 19, 2008 ICRA assigns LBB+ to the Long term bank limits and A4+ rating to Short term banklimits of Gupta Equities Private Limited

November 19, 2008 ICRA assigns LA+/A1 ratings to the bank lines of Zuari Industries Ltd

November 19, 2008 ICRA assigns LBBB- and A3 to the bank lines of BRG Iron and Steel Private Limited

November 19, 2008 ICRA assigns LA+ and A1+ ratings to the enhanced bank facilities of Redington (India)Limited

November 19, 2008 ICRA withdraws ‘LBB@’ rating assigned to the Bond programmes of IFCI Limited

November 19, 2008 Update on Sundaram Finance Ltd

November 19, 2008 ICRA assigns LAA rating to Piramal Healthcare Limited

November 19, 2008 ICRA assigns conditional LAAA (SO) ratings to the Rs. 2.55 billion Purchaser payoutsbacked by loan receivables originated by Tata Motors Limited (TML) - Tata MotorsLimited CV and Auto Pool Direct Assignment November 2008

November 19, 2008 ICRA assigns LBBB- to the Long term bank limits and A3 rating to Short term bank limitsof Intime Spectrum Securities Limited

November 18, 2008 ICRA assigns LA+ and A1+ to the bank lines of FLSmidth Private Limited

November 18, 2008 ICRA assigns LAA- and A1+ to the bank lines of FLSmidth Minerals Pvt. Ltd.

November 18, 2008 ICRA assigns LBBB+ rating to the bank limits of Tamil Nadu Electricity Board

November 18, 2008 ICRA Assigns LA Rating to Bank Lines of Archies Limited; Earlier Ratings Retained

November 18, 2008 ICRA assigns conditional LAAA (SO) ratings to the Rs. 1.25 billion Purchaser payoutsbacked by loan receivables originated by Tata Motors Limited (TML) - Tata MotorsLimited CV and Auto Pool Direct Assignment October 2008- II

November 18, 2008 ICRA assigns LBBB- rating to Bank Limits of Raghu Rama Renewable Energy Limited

November 18, 2008 ICRA assigns LBBB and A2 rating to Bank Limits of Arkay Energy RameswaramLimited

November 18, 2008 ICRA assigns LBBB- rating to Bank Limits of Ind Bharath Energy (Thoothukkudi)Limited

November 17, 2008 ICRA revises short term rating of DLF Limited

November 17, 2008 ICRA assigns LA- and A1 ratings to bank facilities of Ramkrishna Forgings Ltd

November 17, 2008 Update on Sundaram BNP Paribas Home Finance Ltd

November 17, 2008 ICRA downgrades short-term rating assigned to 26 PTC tranches and retains long-termrating for two other PTC tranches backed by loan to DLF Limited

November 17, 2008 ICRA assigns LA-/A2+ ratings to the bank limits of Gokaldas Exports Limited

November 14, 2008 ICRA assigns LA+ on the long term debt programme of KEC International Limited

November 14, 2008 ICRA in MoU with The Federal Bank Ltd to rate Bank Loans under RBI’s New CapitalAdequacy Framework for Basel-II

November 14, 2008 ICRA assigns A3 rating to the bank lines of M/s Minestone

November 14, 2008 ICRA assigns LBB to the bank lines of M/s Anand Silk Mills.

November 14, 2008 ICRA assigns conditional LAA(SO) ratings to the PTCs under loan securitisationprogramme of J.P. Morgan Securities India Private Limited - Corporate Debt SecuritiesTrust D 2008

November 12, 2008 ICRA assigns A1+ rating to HDFC’s enhanced Short Term debt Programme

November 12, 2008 ICRA reaffirms A1+ rating of Unichem Laboratories Limited

November 12, 2008 Update on Citifinancial Consumer Finance India Limited

November 12, 2008 ICRA assigns LA+ rating to the bank lines of Hindustan Oil Exploration Company Ltd

November 11, 2008 ICRA assigns A2 rating to bank limits of Hira Power and Steels Ltd

November 11, 2008 ICRA assigns LBBB+ and A2+ ratings to the bank lines of Aarti Steels Limited

November 11, 2008 ICRA assigns A4+ rating to the bank limits of Dhanraj Dhadda Exports

November 11, 2008 ICRA assigns LBBB+ rating to the Non-Convertible Debentures/ Long-term DebtProgramme of Indian Metals & Ferro Alloys Limited (IMFA)

November 11, 2008 ICRA reaffirms the MA- rating to the Fixed Deposit Programme and LBBB rating to theBank lines of SE Investments Limited

November 11, 2008 ICRA assigns LAA and A1+ rating to Piramal Healthcare Limited

November 11, 2008 ICRA assigns LA- and A2+ ratings to the bank lines of Ferro Alloys Corporation Limited

November 11, 2008 ICRA assigns LBBB+ and A2 ratings to the bank lines of Facor Alloys Limited

November 11, 2008 ICRA assigns LBBB- and A3+ ratings to the bank lines of Facor Steels Limited

November 10, 2008 ICRA confirms conditional highest credit quality rating to the Purchaser Payouts backedby construction equipment loan receivables originated by SREI Equipment FinancePrivate Limited (SEFPL) - Construction Equipment Loan Pool Direct AssignmentOctober 2008-II

November 10, 2008 ICRA assigns LBBB- and A3 ratings to the bank lines of Balajee Infratech and


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November 10, 2008 ICRA assigns LBBB- and A3 ratings to the bank lines of Balajee Infratech andConstructions Pvt Ltd.

November 7, 2008 ICRA assigns LBB and A4 ratings to the bank lines of Rama Paper Mills Limited

November 7, 2008 ICRA withdraws rating assigned to the Commercial Paper Programme of UnitechLimited

November 6, 2008 ICRA withdraws A1+s ratings on KEC International Limited

November 6, 2008 ICRA assigns LBBB- and A3 to the bank lines of Malu Paper Mills Limited

November 6, 2008 ICRA assigns A4+ and LBB+ ratings to the bank lines of M/S Jawandamal Dhannamal

November 6, 2008 ICRA assigns LBB+ and A4+ ratings to the bank lines of Sentini Bioproducts (P)Limited

November 6, 2008 ICRA withdraws ratings assigned to the PTCs under Loan Securitisation programmeoriginated by GE Capital Services India

November 5, 2008 ICRA assigns a conditional LBBB+(SO) rating to the Deep Discount Bond Programmeof Rs. 1.50 billion with Green Shoe Option up to Rs. 6 billion of Punjab InfrastructureDevelopment Board

November 5, 2008 ICRA downgrades the ratings assigned to Nahar Industrial Enterprise Limited’s banklines

November 5, 2008 ICRA assigns conditional LA+ (SO) rating to Rs.6 billion Non Convertible BondProgramme of Tamil Nadu Electricity Board

November 5, 2008 ICRA downgrades ratings assigned to PTCs backed by Dharampal Satyapal Limited toA1(SO)

November 5, 2008 ICRA revises the ratings assigned to Dharampal Satyapal Limited’s bank lines

November 4, 2008 ICRA assigns LA+ rating to Mahindra Navistar Automotives Limited

November 4, 2008 ICRA assigns LBB+/A4+ rating to Oswal Spinning and Weaving Mills’s bank lines

November 4, 2008 ICRA assigns LBB and A4 ratings to the bank limits of Quintegra Solutions Limited

November 4, 2008 ICRA assigns LAA+/A1+ ratings to the bank limits of Shapoorji Pallonji & Co. Ltd.

November 4, 2008 ICRA downgrades the long term rating assigned to the Non Convertible DebentureProgramme of Tata Motors Finance Limited from LAA (under rating watch with negativeimplications) to LAA-

November 4, 2008 ICRA revises Tata Motor’s Long-Term Rating

November 4, 2008 ICRA downgrades ratings assigned to PTCs backed by Tata Motors Finance Limited toLAA-(SO)

November 3, 2008 ICRA assigns LBBB- rating to the bank loan of Neelkanth Urban Developers PrivateLimited

November 3, 2008 ICRA reaffirms A1+ rating to Commercial Paper Programme of Krishna Maruti Limited

November 3, 2008 ICRA reaffirms LAA+/A1+ rating to Indian Hotels Non Convertible Debentures and CPProgramme

November 3, 2008 Update on Cholamandalam DBS Finance

November 3, 2008 ICRA assigns LA- rating to the bank limits of Tata Teleservices (Maharashtra) Limited

October 31, 2008 ICRA assigns LBB+ to the bank lines of Vemagiri Power Generation Ltd

October 31, 2008 An ICRA Assessment: Impact of Key Recent Developments on Credit Profiles ofNBFCs, HFCs

October 31, 2008 ICRA withdraws ‘MC’ rating assigned to Unsecured Non Convertible DebentureProgramme of Basil Investments & Hospitality Services Limited

October 31, 2008 ICRA assigns LAA (SO) rating to term loan facilities of Biocon BiopharmaceuticalsPrivate Limited

October 31, 2008 ICRA assigns LAA (SO) /A1+ (SO) rating to bank facilities of Clinigene InternationalLimited

October 31, 2008 ICRA assigns A1 rating to Rs. 200 million fund based limits, revises rating ofCommercial Paper / Short term Debt programme of Hughes Communications IndiaLimited

October 31, 2008 ICRA assigns LBBB/A2 rating to the bank limits of MetroChem Industries Limited

October 31, 2008 ICRA assigns LAA-/A1+ rating to bank facilities of Syngene International Limited

October 31, 2008 ICRA assigns LBB and A4 rating to the bank limits of Prasuna Vamsikrishna SpinningMills Private Limited

October 31, 2008 ICRA assigns LBB and A4 ratings to the bank limits of Perfect Knitters Limited

October 31, 2008 ICRA assigns LBB+ to the Rs. 3 billion fund based limits of Adarsh Prime Projects Pvt.Ltd.

October 31, 2008 ICRA assigns LBB+/A4+ ratings to the bank limits of GTN Industries Limited

October 30, 2008 ICRA assigns LBBB rating to the term loans of Manipal Universal Learning PrivateLimited

October 30, 2008 ICRA assigns LBBB- and A3 ratings to the bank limits of Sandhya Spinning Mill Limited

October 30, 2008 ICRA assigns LBBB- and A3 ratings to the bank limits of Sri Vishnu Shankar MillLimited.

October 30, 2008 ICRA assigns LBBB- and A3 ratings to the bank limits of Thanjavur Spinning Mill Limited

October 30, 2008 ICRA assigns LBBB- and A3 ratings to the bank limits of The Ramaraju Surgical CottonMills Limited


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October 29, 2008 ICRA assigns LBBB and A3+ ratings to the bank limits of Rajapalayam Mills Limited

October 29, 2008 ICRA assigns the LAA+ and A1+ rating to the Long term and Short term bank limitsrespectively and reaffirms the existing ratings of Tata Capital Limited

October 29, 2008 ICRA downgrades the ratings assigned to Vardhman Polytex Limited

October 29, 2008 ICRA assigns LAA rating (Positive Outlook) to the Bank Limits of Telco ConstructionEquipment Company Limited

October 29, 2008 ICRA assigns A1/LA- rating to the bank limits of Easun Reyrolle Limited

October 27, 2008 ICRA assigns LBBB+ and A2+ ratings to the fund based and non fund based bank limitsof BMM Ispat Limited

October 27, 2008 ICRA assigns LBB+ rating to the bank limits of The CAMPCO Limited

October 27, 2008 ICRA in MoU with Andhra Bank to rate Bank Loans under RBI’s New Capital AdequacyFramework for Basel-II

October 27, 2008 ICRA assigns LA-/A1 rating to the fund based and non-fund based limits of STCLLimited

October 25, 2008 ICRA Limited: Unaudited Financial Results for the second quarter and half year endedSeptember 30, 2008

October 24, 2008 ICRA assigns LAA-/A1+ rating to the Bank lines of Taj GVK Limited.

October 24, 2008 ICRA assigns LBB+ and A4+ rating to the Bank credit lines of Vamshi Rubber Limited

October 24, 2008 ICRA assigns A1+ rating to Indian Hotels’ CP Programme for an enhanced amount ofRs. 3 billion

October 24, 2008 ICRA assigns LAA rating to the Rs. 5.5 billion Non Convertible Debenture/Long TermDebt programme of Ashok Leyland Limited.

October 24, 2008 ICRA downgrades rating assigned to PTCs backed by loan to Prakausali Investments(India) Private Limited to A3(SO)

October 23, 2008 ICRA downgrades Short-term debt programme of Unitech Limited

October 23, 2008 ICRA assigns LBBB rating to Compuage Infocom Limited’s bank lines

October 23, 2008 ICRA Assigns LBBB+ rating to the bank limits of GMR Holdings Private Limited

October 23, 2008 ICRA assigns LBBB+ rating to bank facilities of L&T Chennai-Tada Tollway PrivateLimited

October 23, 2008 ICRA revises the rating assigned to Rs. 150 million CP/STD programme of Sona KoyoSteering Systems Limited

October 22, 2008 ICRA in MoU with The Karur Vysya Bank Ltd to rate Bank Loans under RBI’s NewCapital Adequacy Framework for Basel-II

October 22, 2008 ICRA in MoU with State Bank of Bikaner and Jaipur to rate Bank Loans under RBI’sNew Capital Adequacy Framework for Basel-II

October 21, 2008 ICRA downgrades Short-term debt/Commercial paper programme of Bengal AmbujaHousing Development Limited

October 21, 2008 ICRA withdraws rating of Fixed Deposit Programme of Era Infra Engineering Limited(formerly known as Era Constructions (India) Limited)

October 21, 2008 ICRA assigns LAAA rating to Tata Sons’ NCD Programme

October 21, 2008 ICRA assigns LAA and A1+ ratings to various borrowing programmes of Tata TeaLimited

October 20, 2008 ICRA downgrades the rating assigned to the Rs.4.5 billion Line of Credit of AdarshDevelopers

October 20, 2008 ICRA assigns conditional A1+(SO) ratings to the PTCs under loan securitisationprogramme of Kotak Mahindra Bank Limited CLSS 28 Trust 2009

October 20, 2008 ICRA assigns conditional A1+(SO) ratings to the PTCs under loan securitisationprogramme of JM Financial Products Private Limited India Commercial Loan Trust –Series IX – 2008

October 20, 2008 ICRA assigns LBB/A4 ratings to the Bank Limits of Shri Govindaraja Mills Limited

October 17, 2008 ICRA releases an update on the performance of MBS pools

October 17, 2008 ICRA assigns A3+ rating to the Bank credit lines of M/s Choice Diamond

October 17, 2008 ICRA assigns LA+ rating to the enhanced Rs.1900 millions Bank Limit of DHFL VysyaHousing Finance Ltd.

October 17, 2008 ICRA withdraws ratings assigned to the PTCs under Loan Securitisation programmeoriginated by ING Vysya Bank Limited

October 17, 2008 ICRA assigns LAA rating to the NCD Programme of Jindal Steel and Power Limited

October 17, 2008 ICRA withdraws ratings assigned to the PTCs under Loan Securitisation programmeoriginated by Kotak Mahindra Bank Limited

October 17, 2008 ICRA withdraws ratings assigned to the PTCs under Loan Securitisation programmeoriginated by Standard Chartered Bank

October 16, 2008 ICRA assigns LBBB- and A3 ratings to the bank lines of Jumbo Bag Limited.

October 16, 2008 ICRA assigns LA+ and A1 on the bank lines of KEC International Limited

October 16, 2008 ICRA assigns highest credit quality to the Rs. 6 billion short term debt programme ofSREI Infrastructure Finance Limited

October 16, 2008 ICRA rating for Super Religare Laboratories Limited

October 16, 2008 ICRA re-affirms LAAA/ A1+ ratings to the bank limits of TATA Consultancy Services.


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October 16, 2008 ICRA assigns MA- rating to the Fixed Deposit programme of United Spirits Limited

October 15, 2008 ICRA assigns high-credit-quality rating to the Rs. 3 billion debenture programme ofGRUH Finance Limited; reaffirms the ratings assigned earlier

October 15, 2008 ICRA withdraws ratings assigned to the PTCs under Loan Securitisation programmeoriginated by ABN Amro Bank N.V.

October 15, 2008 ICRA assigns LBBB- rating to the Bank credit lines of Adani Petronet (Dahej) PortPrivate Limited

October 15, 2008 ICRA re-affirms LBBB/ A2 ratings for Cambridge Solutions Limited

October 15, 2008 ICRA withdraws ratings assigned to the PTCs under Loan Securitisation programmeoriginated by GE Capital Services India

October 15, 2008 ICRA withdraws ratings assigned to the PTCs under ABS programme originated by GECapital Services India

October 15, 2008 ICRA retains ratings of the senior PTC tranches, Second Loss Facility and LiquidityFacility in 2 vehicle loan backed pools originated by HDFC Bank Limited (HBL)

October 15, 2008 ICRA assigns LBBB- and A3 ratings to the bank lines of Jindal Mectec Pvt. Ltd.

October 15, 2008 ICRA assigns iAAA ratings to claims paying ability of SBI Life Insurance CompanyLimited

October 15, 2008 ICRA assigns LA+ and A1 ratings to the working capital limits of Triveni Engineeringand Industries Limited (TEIL)

October 15, 2008 ICRA assigns LBBB- and A3 rating to the bank limits of VS Lignite Power PrivateLimited

October 15, 2008 ICRA withdraws ratings assigned to the PTCs under Loan Securitisation programmeoriginated by Yes Bank Limited

October 13, 2008 ICRA takes note of change proposed in shareholding pattern of Deutsche Postbank,parent of BHW Home Finance Limited (BHFL), assigns high-credit–quality rating to theproposed Non-Convertible Debenture Programme of BHFL

October 13, 2008 ICRA Assigns Ir BB+ rating to Municipal Corporation, Amritsar

October 13, 2008 ICRA withdrawals short term rating of Era Infra Engineering Limited

October 13, 2008 ICRA has assigned an LA+ rating to Bank Facilities of Feedback Ventures PrivateLimited

October 13, 2008 ICRA assigns LBBB- and A3 to the bank lines of Solar Semiconductor Private Limited

October 10, 2008 ICRA assigns LBBB- and A3 rating to bank limits of Tubeknit Fashions Limited

October 10, 2008 ICRA assigns LBB+ ratings to the bank limits of Pipavav Railway Corporation Limited

October 8, 2008 ICRA in MoU with Karnataka Bank Ltd to rate Bank Loans under RBI’s New CapitalAdequacy Framework for Basel-II

October 7, 2008 ICRA assigns LBBB- and A3 ratings to the bank lines of IG Petrochemicals Limited

October 7, 2008 ICRA assigns LAA- rating and A1+ rating to OCL India Limited

October 6, 2008 ICRA assigns LBBB and A3+ rating to the Bank credit lines of Auro Gold JewelleryPrivate Limited.

October 3, 2008 ICRA Withdraws A1+ rating assigned to CP/STD Program of M/s India Japan LightingPvt Ltd

October 3, 2008 ICRA assigns LBBB rating to bank facilities of Media Content and CommunicationServices (India) Private Limited

October 3, 2008 ICRA assigns LBBB-/A3 ratings to the bank limits of Tagros Chemicals India Limited

October 1, 2008 ICRA assigns A1/ LA- rating to bank facilities of RFCL Limited

October 1, 2008 ICRA assigns conditional LBBB (SO) rating to a portion of the First Loss Facility in 3personal loan pools originated by ICICI Bank Limited, retains ratings for Second LossFacility in 2 others after re-allocation

October 1, 2008 ICRA retains ratings of 39 PTC tranches / assignee payouts and downgrades the ratingfor 3 PTC tranches / assignee payouts backed by 7 Commercial Vehicle Loan pools, 5Personal Loan pools and 2 Personal & Small Ticket Personal Loan pools all originatedby ICICI Bank Limited (IBL)

September 30, 2008 ICRA reaffirms A1+s rating to Rs. 250 million Short Term Debt/Commercial PaperProgramme of Fortis Healthcare Limited

September 30, 2008 ICRA assigns conditional LAAA (SO) ratings to the Acquirer Payouts backed bymortgage loan pool of Rs. 508.5 million originated by Standard Chartered Bank -Mortgage Loan Pool August 2008

September 30, 2008 ICRA Assigns LA- and A1 Ratings to Kalyani Lemmerz Limited

September 30, 2008 ICRA assigns LAAA rating to Canara Banks’s proposed Lower Tier II bonds

September 30, 2008 ICRA reaffirms A1+ rating to Short Term Debt programme of TGS Investment & TradePrivate Limited

September 30, 2008 ICRA assigns A1+ rating to Short Term Debt programme of Trapti Trading &Investments Private Limited

September 30, 2008 ICRA assigns A2 rating to Compuage Infocom Limited’s bank lines

September 30, 2008 ICRA assigns LBBB/A2 ratings to the bank lines of Jay Polychem (India) Limited

September 30, 2008 ICRA assigns LBB to the Rs.120 million bank limits of Seven India Hospitality Pvt. Ltd.

September 30, 2008 ICRA assigns LAAA and A1+ to the bank limits of TATA Consultancy Services.

September 30, 2008 ICRA assigns LAA+ and A1+ to the bank lines of Thermax Limited


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September 30, 2008 ICRA assigns LAA+ and A1+ to the bank lines of Thermax Limited

September 30, 2008 ICRA assigns LBBB- rating to the fund based limits and A3 rating to non fund basedlimits of The Indure Private Limited

September 30, 2008 ICRA assigns high credit quality rating to the Rs. 500 million non convertible debenturesprogramme of Sundaram BNP Paribas Home Finance Limited

September 30, 2008 ICRA assigns LBBB- rating to the fund based limits/ Long term debt programme and A3rating to non fund based limits of Sir Shadi Lal Enterprises Limited

September 30, 2008 ICRA assigns LAA+/A1+ rating to bank facilities of Biocon Limited

September 30, 2008 ICRA assigns A1+ ratings to the bank limits of Global Trade Finance Limited

September 30, 2008 ICRA assigns LAA-/A1+ ratings to the bank lines of Fisher Sanmar Limited

September 30, 2008 ICRA assigns an LBBB+ rating to the term loan facilities of BMM Ispat Limited

September 30, 2008 ICRA assigns LBBB+ and A2+ ratings to the term loan and bank facilities of HKT MiningPrivate Limited

September 30, 2008 ICRA assigns LBBB+ and A2+ ratings to the term loan and bank facilities of BharatMines and Minerals

September 30, 2008 ICRA assigns LBBB- and A3 ratings to the Term Loans and Bank Limits of West AsiaMaritime Limited

September 29, 2008 ICRA assigns LBB and A4 ratings to the bank facilities of D.S. Alloys Private Limited

September 29, 2008 ICRA assigns LBBB- rating to bank lines of Modern Industries

September 29, 2008 ICRA assigns LAA rating to Rs.1.5 billion Non –Convertible Debenture porgramme ofTNPL

September 29, 2008 ICRA assigns the LBBB (SO) ratings on NCD programme and revises the ratingsassigned to the bank lines of GMR Energy Limited

September 29, 2008 ICRA assigns LA+ and A1+ ratings to the bank limits of ABP Private Limited

September 26, 2008 ICRA assigns LA- rating to the bank lines of Great Eastern Energy Corporation Limited

September 26, 2008 ICRA assigns LBBB/A3+ ratings to the bank facilities of Hind Metals & Industries Pvt.Ltd.

September 26, 2008 ICRA re-affirms highest credit quality ratings to various debt programme of IL&FS

September 26, 2008 ICRA re-affirms highest credit quality rating to short term debt programme of IL&FSFinancial Services Ltd

September 26, 2008 ICRA assigns LBBB rating to the fund based/ non fund based limits and long term loans;and A2 rating to the short term loans of Ponni Sugars (Erode) Limited (PSEL)

September 26, 2008 ICRA assigns LA+ and A1+ ratings to the bank facilities of Redington (India) Limited

September 25, 2008 ICRA assigns LBBB/A2 ratings to the bank lines of Cambridge Solutions Limited

September 25, 2008 ICRA assigns LBBB and A2 to the bank lines of GTN Engineering (India) Limited

September 25, 2008 ICRA assigns LBBB and A2 to the bank lines of Jubiliant Engineering Limited

September 25, 2008 ICRA assigns LAA+ (SO) rating to the fund based limits of Sterling Infotech Ltd

September 25, 2008 ICRA assigns A1+ rating to Tata Sons’ Commercial Paper programme

September 25, 2008 ICRA Assigns LA and A1 rating to bank lines of KRBL Limited

September 24, 2008 ICRA assigns A1+ to Bank of Maharashtra’s Certificates of Deposit Programme

September 24, 2008 ICRA assigns LA- rating to The Bank of Rajasthan’s Lower Tier II bonds; reaffirmsexisting ratings

September 24, 2008 ICRA assigns LA-/A2+ rating to bank limits of Cinemax India Limited

September 24, 2008 ICRA assigns LBB+ ratings to the bank lines of Fekari Infrastructure Private Limited(FIPL)

September 24, 2008 ICRA assigns LA and A1+ ratings to the bank limits of Godrej Agrovet Limited

September 24, 2008 ICRA reaffirms LAA+ and A1+ ratings respectively to various long term and short termborrowing programmes of Hero Honda Finlease Limited

September 24, 2008 ICRA Assigns LBB ratings to the bank lines of Hind Agro Industries Limited

September 24, 2008 ICRA Assigns LBB ratings to the bank lines of Hind Industries Limited

September 24, 2008 ICRA assigns LA+ rating to Karnataka Bank’s Lower Tier II bonds and A1+ to theenhanced Certificates of Deposit programmes; reaffirms ratings assigned earlier

September 24, 2008 ICRA assigns LA-/A1 ratings to bank facilities of McLeod Russel India Ltd

September 24, 2008 ICRA assigns LBBB- ratings to the bank lines of Malegaon Manmad KopergaonInfrastructure and Toll Road Private Limited (MMKIPL)

September 24, 2008 ICRA assigns LBBB rating to the Rs. 5.4 billion Term Loan Facilities of OffbeatDevelopers Private Limited

September 24, 2008 ICRA assigns conditional A1+(SO) rating to the PTCs under loan securitisationprogramme of GE Capital Services India

September 24, 2008 ICRA assigns conditional A1+(SO) rating to the PTCs under loan securitisationprogramme of GE Capital Services India

September 24, 2008 ICRA assigns LAA rating to Union Bank of India’s Rs 3 billion Upper Tier II bondsprogramme

September 23, 2008 ICRA reaffirms highest credit-quality rating for Commercial Paper programme of AdlabsFilms Limited

September 23, 2008 ICRA withdraws A1+s rating assigned to commercial paper programme of BajajElectricals Ltd


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Electricals Ltd

September 23, 2008 ICRA assigns highest credit quality ratings to debt schemes of IDFC Mutual Fund

September 23, 2008 ICRA assigns LA rating to the bank facilities of Om Logistics Limited

September 23, 2008 ICRA re-affirms A1+ rating of Piramal Healthcare Limited (Erstwhile Nicholas PiramalIndia Limited)

September 23, 2008 ICRA assigns LA- and A2+ on the bank lines of Samalpatti Power Corporation Pvt. Ltd

September 23, 2008 ICRA assigns highest-credit-quality rating to the Rs. 15 billion Short term debtprogramme of SREI Equipment Finance Private Limited

September 23, 2008 ICRA assigns A1+s rating to Rs. 2 billion Commercial Paper programme of TelevisionEighteen India Limited

September 22, 2008 ICRA assigns LA rating to the enhanced Rs. 1700 million Cash Credit Bank Limit ofManappuram General Finance & Leasing Limited

September 22, 2008 ICRA assigns LA- rating to the bank loans of Sheth Developers Private Limited

September 22, 2008 ICRA assigns LBBB+ and A2+ rating to Gini & Jony Limited

September 22, 2008 ICRA reaffirms highest credit quality rating to the bank facilities of Hero Honda MotorsLimited

September 19, 2008 ICRA assigns LA and A1 ratings to Rs. 30 billion fund based bank limits of Wireless TTInfo Services Limited

September 19, 2008 ICRA assigns Ir A- Issuer Rating to Sterling Infotech Ltd.

September 19, 2008 ICRA assigns “A2+” rating to Commercial Paper Programme of Indian Metals & FerroAlloys Limited

September 19, 2008 ICRA assigns Ir A- Issuer Rating to Siva Ventures Ltd.

September 18, 2008 ICRA assigns LBBB- rating to the bank facilities of Artemis Medicare Services PrivateLimited

September 18, 2008 ICRA assigns LBBB and A3+ rating to debt programmes of Somany Ceramics Limited

September 18, 2008 ICRA assigns high credit quality rating to the Rs. 500 million non convertible debenturesprogramme of Sundaram BNP Paribas Home Finance Limited

September 18, 2008 ICRA Assigns LAA- / A1+ rating to the bank facilities of Rockman Industries Limited

September 17, 2008 ICRA reaffirms ratings of various debt programmes of Axis Bank

September 17, 2008 ICRA reaffirms highest credit quality ratings of HDFC Limited

September 16, 2008 ICRA assigns conditional A1+(SO) ratings to the PTCs under loan securitisationprogramme of Axis Bank Corporate Debt Trust 2008-09 Series 12



September 16, 2008 ICRA assigns LA+/A1+ rating to bank limits of Ushodaya Enterprises Private Limited

September 15, 2008 ICRA assigns LAA rating to Rs. 1.0 billion Fund based bank limits of Ericsson IndiaPrivate Limited

September 15, 2008 ICRA assigns LBBB and A2 to the bank lines of VA Tech Wabag India Limited

September 15, 2008 ICRA assigns conditional highest credit quality ratings to the Rs. 1499.1 millionPurchaser Payouts backed by construction equipment loan receivables originated bySREI Equipment Finance Private Limited (SEFPL) Construction Equipment Loan PoolDirect Assignment September 2008

September 12, 2008 ICRA assigns conditional LAAA (SO) ratings to the Purchaser Payouts backed bymortgage loan pool of Rs. 1515.2 million originated by Indiabulls Housing FinanceLimited (IHFL) Mortgage Loan Pool July 2008

September 12, 2008 ICRA assigns LA and A1 on long term & short term scale to Bank Limits of BajajElectricals Limited

September 12, 2008 ICRA assigns LBBB+ and A2+ rating to bank limits of Bharat Box Factory Limited

September 11, 2008 ICRA assigns LA- rating to the fund based limits/ long term loans and A1 rating to nonfund based limits of The Andhra Sugars Limited

September 11, 2008 ICRA assigns LBBB- and A3 ratings to bank limits of Century Metal Recycling PrivateLimited

September 11, 2008 ICRA assigns A4 rating to bank facilities of Dilshad Trading

September 11, 2008 ICRA assigns LBBB-/A3 ratings to the bank limits of Shah Brothers Ispat Private Limited

September 11, 2008 ICRA has assigned an A1+ rating to the enhanced Rs. 100 billion Certificates ofdeposits programme of State Bank of Hyderabad

September 10, 2008 ICRA assigns highest credit quality rating to Export- Import Bank of India’s enhancedShort Term Debt Programme

September 10, 2008 ICRA assigns LBBB and A2 to the bank lines of GMR Industries Limited

September 10, 2008 ICRA assigns LA- and A1 ratings to the Bank Limits of Hyderabad Industries Limited

September 10, 2008 ICRA withdraws rating assigned to the Bond Programme Of Tapi Irrigation DevelopmentCorporation

September 9, 2008 ICRA Assigns LBB+ to the Rs. 2 billion Non Covertible Debenture Programme of AdarshPrime Projects Pvt. Ltd.

September 9, 2008 ICRA withdraws A1+ rating assigned to the Rs. 9.5 billion Commercial Paper of GETransportation Financial Services Limited


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Transportation Financial Services Limited

September 9, 2008 ICRA assigns conditional A1+(SO) ratings to the PTCs under loan securitisationprogramme of JM Financial Products Private Limited India Commercial Loan Trust –Series VII – 2008

September 9, 2008 ICRA assigns LA+ and A1+ ratings to bank limits of Munjal Auto Industries Limited

September 9, 2008 ICRA Re-affirms A1+ Rating to Reliance Capital Limited’s Short-Term Debt Programme

September 9, 2008 ICRA assigns LAA+ rating to the Rs. 10 billion subordinated debt programme and A1+rating to the enhanced Rs. 45 billion short term debt programme of Tata Capital

September 9, 2008 ICRA assigns LAA and A1+ ratings to bank facilities of Balmer Lawrie

September 9, 2008 ICRA Assigns LBBB+ rating to the bank limits of Brigade Enterprises Ltd.

September 8, 2008 ICRA Assigns LBBB/ A2 rating to bank limits of TCS Textiles Private Limited

September 8, 2008 ICRA Assigns Ir BBB+ rating to Mysore City Corporation

September 8, 2008 ICRA assigns high credit quality rating to IOB’s Upper Tier II bonds programme

September 5, 2008 ICRA assigns LAA+/A1+ ratings to the enhanced bank limits of Indian Oil CorporationLimited

September 5, 2008 ICRA assigns “LA-” rating to long-term bank lines of IHHR Hospitality Pvt. Ltd

September 5, 2008 ICRA assigns LBBB-/A3 ratings to the bank lines of Ester Industries Limited

September 4, 2008 ICRA assigns LA and A1 rating to Bank Limits of Control & Switchgear CompanyLimited

September 3, 2008 ICRA reaffirms the adequate credit quality rating assigned to the Fixed Deposit rating ofMuthoot Leasing and Finance Limited

September 3, 2008 ICRA assigns conditional A1+(SO) ratings to the PTCs under loan securitisationprogramme of Yes Bank Indian Corporate Loan Securitisation Trust 2008 - Series 29



September 2, 2008 ICRA withdraws ratings assigned to the PTCs under ABS programmes of Tata MotorsLimited

September 2, 2008 ICRA assigns LA- rating to Trinethra Super Retail Limited

September 1, 2008 ICRA assigns LBBB- / A3 rating to various bank line of credit facilities of RajendraMechanical Industries Limited

September 1, 2008 ICRA assigns LBB+/A4+ ratings to the bank facilities of Sree Metaliks Limited

September 1, 2008 ICRA assigns highest credit quality rating to the Rs. 7.5 billion short term debtprogramme (enhanced from Rs. 4.5 billion) of Sundaram Finance; reaffirms ratingsassigned earlier

August 29, 2008 ICRA assigns an LBBB-/A3 rating to the bank limits of Delhi International Airport Limited

August 29, 2008 ICRA assigns “LBBB-” and “A3” ratings to the bank lines of Action Ispat & Power (P)Limited

August 29, 2008 ICRA assigns LBBB+ ratings to the bank limits of J. Kumar Infraprojects Limited

August 29, 2008 ICRA assigns LAA rating to Mahindra Automotive Limited

August 29, 2008 Update on Punjab and Sind Bank (P&SB)

August 29, 2008 ICRA assigns LA and A1 ratings to the bank limits of Transafe Services Limited

August 28, 2008 ICRA assigns LA-/A1 rating to Aditya Birla Retail Limited’s bank facilities

August 28, 2008 ICRA reaffirm A1+ rating to Commercial Paper programme of Kyungshin IndustrialMotherson Limited; assigns LAA- and A1+ rating to bank limits

August 28, 2008 ICRA assigns LBBB- rating to the term loan and fund/non-fund based limits of Sri BalajiEducational & Charitable Public Trust

August 28, 2008 ICRA reaffirms highest credit quality rating to schemes of UTI Mutual fund

August 27, 2008 ICRA assigns LAA/ A1+ rating to the bank facilities of Motherson Sumi SystemsLimited; reaffirms A1+ rating for short term debt (including commercial paper)programme for an enhanced amount

August 27, 2008 ICRA Assigns LAAA/ A1+ ratings to the bank limits of Indraprastha Gas Limited

August 27, 2008 ICRA Retains LBBB (SO) rating to the Rs. 1.17 billion Bond Programme of MaharashtraVikrikar Rohke Pradhikaran Limited (MVRPL)

August 27, 2008 ICRA assigns conditional LA (SO) rating to the Rs. 4,000 million Long Term Loan takenby RMZ Infotech Private Limited

August 27, 2008 ICRA assigns LAA / A1+ ratings to the debt programmes of Sundaram Home Finance;reaffirms ratings assigned earlier

August 26, 2008 ICRA assigns high credit quality rating to IOB’s Lower Tier II bonds programme

August 26, 2008 ICRA assigns mfAAA(SO) to SBI Capital Protection Oriented Fund – Series III

August 26, 2008 ICRA assigns LAA rating to the long term non fund based limits and A1+ rating to shortterm non fund based limits of Voith Siemens Hydro Pvt Ltd.

August 26, 2008 ICRA assigns LAA- rating to Yes Bank’s Lower Tier II bonds and LA+ rating to UpperTier II bonds; reaffirms existing ratings

August 25, 2008 ICRA assigns highest credit quality rating to Borrowing Programme of Power GridCorporation of India Limited


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August 25, 2008 ICRA reaffirms A1+ rating for the Short Term Debt programme of Transport Corporationof India Limited for an enhanced amount

August 22, 2008 ICRA withdraws ratings assigned to the subordinated bond programme of Canfin HomesLimited

August 22, 2008 ICRA Assigns LA- / A1 rating to the bank facilities of Lumax Industries Limited

August 22, 2008 ICRA assigns LAAA rating with “stable” outlook to Export-Import Bank of India’s LongTerm Bond Programme. Re-affirms earlier ratings

August 22, 2008 ICRA assigns LBBB+/A2 ratings to the bank limits of Mahalaxmi ConstructionCorporation Ltd.

August 22, 2008 ICRA withdraws rating assigned to the Bond Programme of Maharashtra Krishna ValleyDevelopment Corporation

August 22, 2008 ICRA assigns LA+/A1+ rating to bank limits of Subros Limited

August 21, 2008 ICRA assigns LBBB- and A3 ratings to the bank lines of Bhawani Industries Limited

August 21, 2008 ICRA assigns LAA/ A1+ ratings to the bank lines of Metso Minerals (India) PrivateLimited

August 21, 2008 ICRA assigns mfAAA rating to Reliance Medium Term fund

August 21, 2008 ICRA reaffirms mfAAA(SO) to SBI Capital Protection Oriented Fund – Series I

August 21, 2008 ICRA reaffirms mfA1+ratings to schemes of SBI Funds Management Private Limited

August 21, 2008 ICRA assigns conditional highest credit quality ratings to the Rs. 1000.5 million PTCsbacked by construction equipment loan receivables originated by SREI EquipmentFinance Private Limited (SEFPL) Indian Infrastructure Equipment Receivables TrustJuly 2008

August 21, 2008 ICRA assigns LBBB- rating to the term loan and fund/non-fund based limits of SriManakula Vinayaga Educational Trust

August 21, 2008 ICRA assigns LBBB and A3+ ratings to bank limits of Star Wire (India) Ltd.

August 21, 2008 ICRA withdraws rating assigned to the NCD programme of Tata Chemicals Ltd

August 21, 2008 ICRA assigns A1+ rating to the Non Fund Based Limit of Titan Industries Limited

August 20, 2008 ICRA assigns LA+ rating to the fund based limits/ long term non fund based limits andA1 rating to short term non fund based limits of ICSA (India) Limited

August 19, 2008 ICRA Assigns LBBB+ and A2 rating to bank limits of Surana Corporation Limited

August 19, 2008 ICRA Assigns LBBB rating to bank loan of TDI Infrastructure Limited

August 19, 2008 ICRA assigns LBBB and A2 rating to debt programmes of Orient Ceramics & IndustriesLimited

August 18, 2008 ICRA assigns LA- and A2+ ratings to the bank facilities of The Tinplate Company ofIndia Limited

August 18, 2008 ICRA has reaffirmed an IrA+ rating assigned to Feedback Ventures Private Limited(FVPL)

August 18, 2008 ICRA reaffirms A1+ rating for Short-Term Debt (including CP) of Grindwell NortonLimited

August 18, 2008 ICRA reaffirms mfA1+ rating to schemes of Mirae Asset Mutual Fund

August 14, 2008 ICRA Assigns LAA-/A1+ rating to bank limits of Rane Holdings Limited

August 14, 2008 ICRA assigns A3 to the bank lines of Tanna Agro Impex Private Limited

August 14, 2008 ICRA assigns conditional LBBB (SO) rating to a portion of the First Loss Facility in 6pools originated by ICICI Bank Limited, retains ratings for Second Loss Facility in 4others after re-allocation

August 14, 2008 ICRA assigns LAAA (SO) rating to Liquidity Facility provided in 9 pools originated byICICI Bank Limited, retains ratings to Liquidity Facility in 20 other pools

August 14, 2008 ICRA retains ratings of 36 PTC tranches / assignee payouts in 24 vehicle loan backedpools, downgrades ratings for senior tranches in 5 other transactions and assignshigh-credit-quality rating to Second Loss Facility in 3 transactions, all originated byICICI Bank Limited (IBL)

August 13, 2008 ICRA assigns LA- rating to the fund based limits and A1 rating to non fund based limitsof Hindusthan Vidyut Products Limited

August 13, 2008 ICRA reaffirms the A1+ rating for the Commercial Paper programme, downgrades theFixed Deposit rating to MA+ and assigns LA+/A1+ rating to bank lines of Rane EngineValve Limited

August 12, 2008 ICRA assigns A1+ rating to Rs. One billion NCD/CP of Orient Paper & IndustriesLimited

August 12, 2008 ICRA withdraws the rating assigned to the commercial paper programme of AbhishekIndustries Limited

August 12, 2008 ICRA assigns LAA rating to Bank Lines of Jindal Power Limited

August 12, 2008 ICRA reaffirms highest credit quality ratings to schemes of HDFC Mutual fund

August 12, 2008 ICRA assigns LAA/A1+ ratings to Bank Lines of Jindal Steel and Power Limited

August 12, 2008 ICRA Assigns LA- rating to bank lines of Maharashtra Academy of Engineering &Educational Research, Pune

August 12, 2008 ICRA assigns LA+ (SO) rating to the Rs. 350 million Non- Convertible DebentureProgramme of OCL Iron and Steel Limited

August 12, 2008 ICRA Assigns LAA rating to bank lines of Tata Cummins Limited


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August 12, 2008 ICRA Assigns LAA rating to bank lines of Tata Cummins Limited

August 11, 2008 ICRA Assigns LA+ and A1+ rating to bank limits of VA TECH Hydro India PrivateLimited

August 11, 2008 ICRA reaffirms highest credit quality rating to schemes of Reliance Mutual fund

August 8, 2008 ICRA assigns LB and A4 rating to bank limits of Rajmal Lakhichand Jewellers PrivateLimited

August 8, 2008 ICRA assigns LB and A4 rating to bank limits of Manraj Jewellers Private Limited

August 8, 2008 ICRA Assigns LA- and A2+ rating to bank limits of Bihar Tubes Limited

August 8, 2008 ICRA assigns A1 rating to the bank lines of United Spirits Limited

August 8, 2008 ICRA assigns LB and A4 rating to bank limits of R. L. Gold Private Limited

August 7, 2008 ICRA assigns LBBB and A2 to the bank limits of East Coast Constructions andIndustries Ltd

August 6, 2008 ICRA assigns LA- rating to the bank lines of United Spirits Limited

August 5, 2008 ICRA reaffirms mfAAA rating to AIG Short Term Fund

August 5, 2008 ICRA assigns LA+/ A1+ rating to the bank lines of Madras Cements; reaffirms A1+rating to the short term debt/commercial paper program

August 5, 2008 ICRA assigns LBBB+/ A2+ to the bank lines of United Breweries Limited

August 4, 2008 ICRA assigns “2” to the proposed IPO of Alkali Metals Limited

August 4, 2008 ICRA withdraws the suspended rating for the FD programme of Alpic Finance Limited

August 4, 2008 ICRA in MoU with Canara Bank to rate Bank Loans under RBI’s New Capital AdequacyFramework for Basel-II

August 4, 2008 ICRA assigns LA+ ratings to the bank lines of DHFL Vysya Housing Finance Ltd.

August 4, 2008 ICRA assigns LBBB/A3+ ratings to the bank facilities of Deepak Steel & Power Limited

August 4, 2008 ICRA Withdraws the suspended rating for the Fixed Deposit Programme of InovoaSecurities Ltd.

August 4, 2008 ICRA withdraws the suspended rating for the Fixed Deposit Programme of Key CorpLimited

August 4, 2008 ICRA assigns high credit quality rating to the Rs. 8 billion Non-Convertible DebentureProgramme of Kotak Mahindra Prime Ltd

August 4, 2008 ICRA reaffirms the A1+ rating assigned to Rs. 200 million Commercial Paper cum ShortTerm Debt programme of KSB Pumps Limited

August 4, 2008 ICRA withdraws the suspended rating for the FD programme of Navalji Kothari Leasing& Finance Limited

August 4, 2008 ICRA withdraws the suspended rating for the Fixed Deposit Programme of Trans AsiaAuto & General Finance Ltd

August 1, 2008 ICRA assigns “1” to the proposed IPO of Chemcel Biotech Limited

August 1, 2008 ICRA assigns LA and A1 ratings to the bank lines of Soma Enterprise Ltd.

July 31, 2008 ICRA reaffirms A1+ rating assigned to the Commercial Paper programme of GoldmohurFoods & Feeds Limited

July 31, 2008 ICRA withdraws ratings assigned to the PTCs under various ABS programmes of ICICIBank Limited

July 31, 2008 ICRA assigns conditional A1+(SO) ratings to the PTCs under loan securitisationprogramme of Yes Bank

July 31, 2008 ICRA assigns conditional LAA+(SO) ratings to the PTCs under loan securitisationprogramme of Yes Bank

July 30, 2008 ICRA assigns LBBB+/A2+ rating to bank limits of Akums Drugs and PharmaceuticalsLimited

July 30, 2008 ICRA assigns conditional A1(SO) rating to the PTCs under the loan securitisationprogramme of GE Capital Services India (GECSI) INP Loan Trust

July 30, 2008 ICRA downgrades the rating assigned to bank lines of Mirza International Limited

July 30, 2008 ICRA reaffirms A1+ rating to Rs. 13 billion short term debt facilities of RanbaxyLaboratories

July 30, 2008 ICRA assigns LAAA rating to Tata Sons’ debenture programme

July 28, 2008 ICRA withdraws rating assigned to NCD Programme of East Coast Construction &Industries Ltd

July 28, 2008 ICRA assigns highest credit quality rating to the Rs. 8 billion Short term debt programmeof IDBI Homefinance Limited (enhanced from Rs. 6 billion); reaffirms the ratingsassigned earlier.

July 28, 2008 ICRA in MoU with ING VYSYA BANK LTD to rate Bank Loans under RBI’s New CapitalAdequacy Framework for Basel-II

July 28, 2008 ICRA withdraws rating of Taurus Liquid Fund

July 28, 2008 ICRA reaffirms A1 rating to CP/STD programme of Triveni Engineering and IndustriesLimited

July 28, 2008 ICRA in MoU with ING VYSYA BANK LTD to rate Bank Loans under RBI’s New CapitalAdequacy Framework for Basel-II

July 23, 2008 ICRA reaffirms highest credit quality rating to schemes of HSBC Mutual fund

July 23, 2008 ICRA assigns LBBB/A2 rating to Bank lines of Net 4 India Limited

July 23, 2008 ICRA assigns LBBB and A3+ ratings to the bank lines of Rathi Udyog Ltd.


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July 23, 2008 ICRA assigns LBBB and A3+ ratings to the bank lines of Rathi Udyog Ltd.

July 22, 2008 ICRA reaffirms highest credit quality rating to debt schemes of Birla Sunlife Mutual fund

July 21, 2008 ICRA upgrades the Stakeholder Value and Governance Rating of Godrej ConsumerProducts Limited to SVG1 and retains the Corporate Governance Rating at CGR2+

July 21, 2008 ICRA reaffirms mfAAA to schemes of Kotak Mahindra Mutual fund

July 21, 2008 ICRA assigns LA- and A2+ to the bank lines of Madurai Power Corporation Pvt. Ltd.

July 21, 2008 ICRA reaffirms highest credit quality ratings to Principal Mutual Funds debt schemes

July 21, 2008 ICRA Assigns LBBB+ and A2+ rating to bank lines of Relaxo Footwears Limited

July 21, 2008 ICRA assigns LBBB+ and A2+ to the bank lines of RMC Readymix (India) Pvt. Ltd.

July 21, 2008 ICRA assigns A1+ rating to the short term bank lines of SBI Mutual Fund

July 18, 2008 ICRA reaffirms highest credit quality rating to schemes of CANARA ROBECO MutualFund

July 18, 2008 ICRA Assigns Ir BBB- rating to Corporation of Cochin

July 18, 2008 ICRA Assigns Ir BBB- rating to Corporation of Thiruvananthapuram

July 18, 2008 ICRA reaffirms highest credit quality rating to Fidelity Mutual fund’s debt schemes

July 18, 2008 ICRA removes rating watch on the short term PTCs backed by GE Money FinancialServices Limited (GEMFSL)

July 18, 2008 ICRA removes rating watch on the short term PTCs backed by GE Money HousingFinance Limited (GEMHFL)

July 18, 2008 ICRA assigns LA+ and A1+ to the bank lines of Tanfac Industries Limited; reaffirmsA1+ rating to Commercial Paper

July 18, 2008 ICRA assigns LAA, A1+ ratings to the bank facilities of Tata Refractories Limited

July 18, 2008 ICRA assigns LAA, A1+ ratings to the bank facilities of Tata Refractories Limited

July 17, 2008 ICRA assigns A1+ rating for Canara Bank’s Rs. 150 billion (enhanced) certificate ofdeposits programme

July 17, 2008 ICRA Assigns LBBB- / A3 Ratings to Charbhuja Industries Pvt. Ltd.

July 17, 2008 ICRA Assigns Ir BBB+ rating to Coimbatore City Municipal Corporation

July 17, 2008 ICRA Assigns Ir BBB+ rating to Corporation of Chennai

July 17, 2008 ICRA assigns LA- and A2+ rating to the Bank credit lines of Greenply Industries Limited

July 17, 2008 ICRA Assigns Ir BB- rating to Jammu Municipal Corporation

July 17, 2008 ICRA Assigns Ir BBB+ rating to Madurai Municipal Corporation

July 17, 2008 ICRA Assigns Ir A+ rating to Municipal Corporation Chandigarh

July 17, 2008 ICRA Assigns Ir BBB rating to Municipal Corporation of Faridabad

July 17, 2008 ICRA Assigns Ir BBB- rating to Municipal Corporation Ludhiana

July 17, 2008 ICRA retains the LBBB+(SO) rating for the Rs. 139.5 Million Bond Programme ofMunicipal Corporation of Ludhiana

July 16, 2008 ICRA assigns LA /A1+ ratings to the bank lines of Garware Wall Ropes; reaffirms A1+for commercial paper/ short-term debt programme

July 16, 2008 IMaCS launches Consulting Services for Carbon Management

July 15, 2008 ICRA assigns conditional A1+(SO) ratings to the PTCs under loan securitisationprogramme of Axis Bank Corporate Debt Trust 2008-09 Series 7

July 15, 2008 ICRA assigns high credit quality ratings to the proposed Non Convertible Debentureprogramme and Subordinated Bond Programme of BHW Home Finance Limited

July 15, 2008 ICRA assigns A1+ rating to ECL Finance Ltd’s Short Term Debt programme

July 15, 2008 ICRA withdraws ratings assigned to the debt instruments of NIRMA Ltd

July 15, 2008 ICRA assigns conditional A1+(SO) ratings to the PTCs under loan securitisationprogramme of Yes Bank Indian Corporate Loan Securitisation Trust 2008 - Series 22

July 15, 2008 ICRA assigns conditional LAA+(SO) ratings to the PTCs under loan securitisationprogramme of Yes Bank Indian Corporate Loan Securitisation Trust 2008 - Series 24

July 15, 2008 ICRA assigns conditional LAAA(SO) ratings to the PTCs under loan securitisationprogramme of Yes Bank Indian Corporate Loan Securitisation Trust 2008 - Series 20

July 14, 2008 ICRA Assigns LA+ rating to bank limits of Mundra Port and Special Economic ZoneLimited

July 11, 2008 ICRA assigns LAA/A1+ rating to Godrej Industries Limited; enhances CP limits from Rs.600 million to Rs. 1,000 million

July 11, 2008 ICRA assigns conditional rating of LBBB+ (SO) to the Rs. 5 Billion Bond Programme ofPunjab State Electricity Board (PSEB)

July 11, 2008 ICRA assigns LA-/A1 ratings to V-Guard Industries Limited

July 11, 2008 ICRA Assigns LBBB- rating to bank limits of Vizag Seaport Private Limited

July 10, 2008 ICRA Assigns LBBB- and A3 rating to bank limits of Eveready industries India Limited

July 8, 2008 ICRA assigns conditional highest credit quality short term rating to the Rs. 706.95million senior PTCs backed by ‘loan against gold’ receivables originated byManappuram General Finance & Leasing Limited (MAGFIL)

July 8, 2008 ICRA assigns LAAA rating to Tata Sons’ debenture programme

July 4, 2008 ICRA assigns LBBB/A2 ratings to the bank limits of C.Mahendra Exports Limited


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July 1, 2008 ICRA assigns LBBB ratings to bank lines of L&T Krishnagiri Thopur Tollways Limited

June 30, 2008 ICRA assigns LBBB+ and A2+ ratings to debt programmes of Deccan Cements Limited

June 30, 2008 ICRA assigns LBBB+/A2+ ratings to Kalyani Thermal Systems Limited

June 30, 2008 ICRA has reaffirmed A1 rating to the enhanced Rs. 1 billion Short-Term DebtProgramme of Madhucon Projects Limited (MPL)

June 30, 2008 ICRA assigns LBBB+ and A2 rating to the bank limits of Rama Newsprint and PapersLimited

June 28, 2008 ICRA downgrades ratings assigned to PTCs backed by loan to Sobha DevelopersLimited

June 28, 2008 ICRA downgrades ratings assigned to PTCs backed by loan to Sobha DevelopersLimited to LBBB+(SO)

June 27, 2008 ICRA releases an update on the performance of ABS pools

June 27, 2008 ICRA assigns LBBB and A2 to the bank lines of Adani Power Limited

June 27, 2008 ICRA assigns LA-/A1 ratings to the bank facilities of Nelcast Limited

June 27, 2008 ICRA assigns adequate credit quality rating for the debt programmes of Repco HomeFinance Limited

June 27, 2008 ICRA downgrades the rating assigned to the long term and short term debt programmeof Sobha Developers

June 26, 2008 ICRA assigns LBBB rating to the fund based limits and A2 rating to non fund basedlimits of Adani Wilmar Limited

June 26, 2008 ICRA Assigns LBBB+/ A2+ rating to bank limits of Dabur Pharma Limited

June 26, 2008 ICRA assigns A1+ rating to IL&FS Financial Services Limited’s enhanced Short –TermDebt programme

June 26, 2008 IMaCS, Virtus Global Partners of USA sign MoU for Advisory/Consulting Business inIndia, USA

June 25, 2008 ICRA assigns LBBB/A2 rating to Bank lines of Gemini Communication Limited

June 25, 2008 ICRA Assigns LBBB+ and A2 rating to bank limits of VVF Limited

June 24, 2008 ICRA downgrades ratings for 4 vehicle loan-backed transactions originated by TataMotors Ltd (TML), reaffirms ratings in 17 other transactions of TML and Tata MotorsFinance Ltd (TMFL)

June 20, 2008 ICRA assigns LA and A1 rating to Bank Limits and CP programme of B. Seenaiah &Company Projects Limited

June 20, 2008 ICRA assigns LAA- rating to Equity Linked long term debt programme of KotakMahindra Investments Limited

June 19, 2008 ICRA Assigns LA and A1 rating to the bank facilities of Bajaj Motors Limited

June 19, 2008 ICRA assigns LBBB and A2 ratings to bank lines of Oswal Woollen Mills Limited

June 19, 2008 ICRA assigns A1+ rating to the Non Fund Based Limit of Titan Industries Limited

June 19, 2008 ICRA assigns LBBB and A2 ratings to bank lines of Vardhman Polytex Limited

June 19, 2008 ICTEAS Acquires Axiom Technologies, Gets into ERP

June 18, 2008 ICRA assigns LA- and A1 ratings to the bank limits of International Combustion (India)Limited

June 16, 2008 ICRA assigns LAA rating with a stable outlook to the proposed Rs. 6 billionnon-convertible debenture programme of Cholamandalam DBS Finance Ltd

June 16, 2008 ICRA assigns A1 rating to Rs. 500 million short-term debt of Madhucon Projects Limited(MPL)

June 12, 2008 short term bank facilities of Ranbaxy Laboratories Limited

June 11, 2008 ICRA assigns A1 rating to Anand Rathi Financial Services Ltd’s (formerly known asAnand Rathi Securities Limited) Enhanced Short –Term Debt programme

June 11, 2008 ICRA assigns LAA- and A1+ ratings to the bank lines of Deepak Fertilizers andPetrochemicals Corporation Limited.

June 11, 2008 ICRA assigns LA- / A1 ratings to the bank lines of H&R Johnson; re-affirms A1+sRating of the Rs. 350 million Commercial Paper

June 11, 2008 ICRA assigns A1 rating to Rathi Global Finance Limited’s enhanced Short –Term Debtprogramme

June 10, 2008 ICRA upgrades ratings on various debt programmes of Global Trade Finance Limited,removes rating watch

June 10, 2008 ICRA assigns LA/A1 ratings to the bank limits of Hindustan Latex Limited

June 10, 2008 ICRA assigns LAA/A1+ ratings to Mahindra Intertrade Limited

June 10, 2008 ICRA assigns A1 rating to Prabhudas Lilladher Financial Services Pvt Ltd’s Short TermDebt Programme

June 10, 2008 ICRA reaffirms highest ratings to various debt programmes of SBI Factors &Commercial Services Private Limited

June 9, 2008 ICRA assigns the highest credit quality rating to the Rs. 130 billion Long-TermBorrowing programme (including Bank Borrowings) of Rural Electrification CorporationLimited (REC)

June 9, 2008 ICRA assigns LBBB rating to the bank lines of Super Spinning Mills Limited

June 6, 2008 ICRA reaffirms the highest-credit-quality rating assigned earlier to Commercial Paper/


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June 6, 2008 ICRA reaffirms the highest-credit-quality rating assigned earlier to Commercial Paper/Short Term Debt of National Housing Bank.

June 6, 2008 ICRA revises the Developer Grading of Parsvnath Developers Limited

June 6, 2008 ICRA's comments on Reliance Communications’ ongoing negotiations with MTN

June 4, 2008 ICRA assigns highest credit quality ratings to Fullerton India Credit Company Limited’sDebt Programmes

June 4, 2008 ICRA assigns conditional A1+(SO) and LAA+(SO) ratings to the PTCs under loansecuritisation programme of Yes Bank

June 2, 2008 ICRA assigns LA- and A2+ rating to bank facilities of Dakshin Gujarat Vij Co. Ltd.

June 2, 2008 ICRA assigns LA- and A2+ rating to bank facilities of Gujarat Energy TransmissionCorporation Ltd.

June 2, 2008 ICRA assigns LA- and A2+ rating to bank facilities of Gujarat State Electricity Corp. Ltd.

June 2, 2008 ICRA assigns LA- and A2+ rating to the bank facilities of Gujarat Urja Vikas Nigam Ltd.

June 2, 2008 ICRA assigns LA+ rating to bank lines of Haldiram Manufacturing Company PrivateLimited (HMPL)

June 2, 2008 ICRA assigns LA+ and A1+ rating to bank lines of Haldiram Snacks Private Limited(HSPL)

June 2, 2008 ICRA assigns LA- and A2+ rating to bank facilities of Madhya Gujarat Vij Co. Ltd.

June 2, 2008 ICRA assigns LA- and A2+ rating to bank facilities of Paschim Gujarat Vij Co. Ltd.

June 2, 2008 ICRA assigns LA- and A2+ rating to bank facilities of Uttar Gujarat Vij Co. Ltd.

May 30, 2008 ICRA assigns conditional A1+(SO) and LAAA(SO) ratings to the PTCs under loansecuritisation programme of Infrastructure Development Finance Company Limited(IDFC)

May 29, 2008 ICRA assigns A1+ rating to ICICI Bank Limited’s Enhanced CD Programme

May 29, 2008 ICRA assigns high credit quality ratings to Industrial Development Bank of IndiaLimited’s long term debt programmes

May 29, 2008 ICRA retains highest safety ratings for the long-term bonds of the Specific Undertakingof the UTI

May 28, 2008 ICRA assigns IPO grade 3 to the proposed IPO of Archidply Industries Limited

May 28, 2008 ICRA Assigns LA- and A1 rating to the bank facilities of Bharat Seats Limited

May 28, 2008 ICRA assigns an LA rating to the fund based bank facilities of Essar Steel Limited

May 28, 2008 ICRA assigns A1+ rating to Rs. 13 billion short term bank limits of Ranbaxy Laboratories

May 27, 2008 ICRA withdraws A1 rating assigned to Commercial Paper Programme of GodavariFertilizers and Chemicals Limited

May 27, 2008 ICRA re-affirms A1+ rating for Investsmart Financial Services Limited’s Short TermDebt Programme

May 26, 2008 ICRA assigns conditional LAA+(SO) ratings to the PTCs under loan securitisationprogramme of Citibank

May 26, 2008 ICRA assigns LBBB- rating to the fund based limits and A3 rating to the non fund basedlimits of Davangere Sugar Company Limited

May 26, 2008 ICRA withdraws gradings Assigned to Eldeco Infrastructure and Properties Limited

May 26, 2008 ICRA assigns conditional A1+(SO) ratings to the PTCs under loan securitisationprogramme of Industrial Development Bank of India Limited

May 26, 2008 ICRA downgrades PTCs issued by Indian Retail ABS Trust Series 58

May 26, 2008 ICRA withdraws rating of Non Convertible Debenture programme of The SandeshLimited

May 23, 2008 ICRA assigns ICRA IPO Grade 2 to the proposed IPO of Bafna PharmaceuticalsLimited

May 23, 2008 ICRA assigns LA-/A1 rating to bank facilities of Cadila Pharmaceuticals Limited

May 23, 2008 NCL Industries Limited

May 23, 2008 ICRA assigns A1+ rating to Reliance Capital Limited’s enhanced short-term debtprogramme.

May 23, 2008 ICRA assigns A1+ SO rating to Reliance Securities Limited’s Short Term Debtprogramme including Commercial Papers

May 22, 2008 ICRA retains LBBB+ on the bond programme of Gujarat State Energy GenerationLimited

May 22, 2008 ICRA assigns LBBB/A2 ratings to Medreich Limited

May 22, 2008 ICRA assigns LBBB / A2 rating to the bank lines of PCS Technology Limited

May 22, 2008 ICRA assigns LAAA rating to Tata Sons’ debenture programme

May 21, 2008 ICRA re-affirms A1+ rating for Aditya Birla Nuvo’s short term debt (includingcommercial paper) programme

May 21, 2008 ICRA assigns A1+ and LA+ ratings to the bank facilities of Essel Mining & Industries Ltd

May 21, 2008 ICRA assigns a conditional LBBB+(SO) rating to the proposed Rs. 12.5 billion BondProgramme of Punjab Infrastructure Development Board

May 21, 2008 ICRA assigns an Issuer Rating of IrAAA rating to Shipping Corporation of India

May 21, 2008 ICRA assigns LBBB+/A2 rating to the bank limits of Veena Industries Ltd.

May 16, 2008 ICRA assigns LA-/ A2+ to bank facilities of Omax Autos Limited


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May 16, 2008 ICRA assigns LA-/ A2+ to bank facilities of Omax Autos Limited

May 15, 2008 ICRA assigns LAAA/A1+ ratings to the bank limits of Oil India Limited (OIL)

May 15, 2008 ICRA downgrades the rating assigned to bank lines of Precot Meridian Limited

May 15, 2008 ICRA assigns LBBB rating to Sai Adventium’s bank lines

May 14, 2008 ICRA Assigns LA and A1 rating to bank limits of Gujarat Industries Power CompanyLimited

May 14, 2008 ICRA assigns LA+ and A1 rating to the bank limits of Sanghvi Movers Limited

May 13, 2008 ICRA assigns LA+/A1 ratings to the Bank limits and fresh NCD Programme of MaytasInfra Limited

May 12, 2008 ICRA downgrades the ratings assigned to the long term and short term debtprogrammes of Hindustan Latex Limited

May 12, 2008 ICRA assigns A2 rating to fund based and non-fund based bank limits of RenaissanceJewellery Ltd.

May 12, 2008 ICRA assigns highest credit quality ratings to the enhanced Certificates of depositsprogramme of State bank of Mysore

May 9, 2008 ICRA withdraws ‘MAAA’ rating assigned to the Non Convertible Debenture Programmesof Citicorp Maruti Finance Limited

May 9, 2008 Magma Shrachi Finance Limited

May 9, 2008 ICRA assigns stable outlook on LBBB+ rating to the USD 20.0 million bank loan ofQuEST Holding Co., Inc.

May 9, 2008 ICRA assigns conditional A1+(SO) ratings to the PTCs under loan securitisationprogramme of Yes Bank


May 9, 2008 ICRA assigns conditional LAA+(SO) ratings to the PTCs under loan securitisationprogramme of Yes Bank



May 7, 2008 ICRA reaffirms LAA rating to NCD programme of Finolex Industries Limited

May 7, 2008 ICRA assigns LBBB rating to the fund based limits and A2 rating to non-fund basedlimits of Hindustan Tin Works Ltd.

May 7, 2008 ICRA assigns highest credit quality rating to schemes of SBI Mutual Fund

May 7, 2008 ICRA assigns LBBB and A3+ ratings to the bank lines of S. Kumars Nationwide Limited

May 7, 2008 ICRA assigns LBBB/ A2 ratings to the Bank Limits of S.P. Apparels Limited

May 7, 2008 ICRA assigns high credit quality rating to the non convertible debentures programme ofSundaram Finance Limited

May 6, 2008 ICRA assigns LA+ rating to the fund based limits and A1+ rating to non fund basedlimits of Torrent Cables Limited

May 6, 2008 ICRA assigns LA-/A1 ratings to the bank limits of CMS Computers Ltd.

May 6, 2008 ICRA assigns LBBB/ A3+ ratings to the Bank Limits of Sheetal Manufacturing Co.

May 6, 2008 ICRA places the LAA (SO) rating of Karnataka Water Supply and Sanitation PooledFund on Watch with developing implications

May 6, 2008 ICRA assigns highest credit quality rating to bank limits of Neyveli Lignite CorporationLimited

May 6, 2008 ICRA takes note of proposed Rs. 4.4 billion acquisition by the holding company ofReligare Finvest Limited; keeps the ratings on Religare Finvest unchanged

May 6, 2008 ICRA assigns LA/ A1 rating to Rico’s bank facilities

May 5, 2008 ICRA reaffirms high credit quality rating assigned to long-term Bonds and FixedDeposits Programme of HUDCO

May 1, 2008 ICRA assigns highest credit quality rating to the borrowing programme of IRFC

April 30, 2008 ICRA revises the outlook on Citifianacial’s Long Term ratings to Negative

April 30, 2008 ICRA assigns “A2+” and “LBBB+” ratings to the bank lines of ICOMM TELE LIMITED

April 30, 2008 ICRA assigns LA+/A1+ ratings to Kalyani Carpenter Special Steels Limited

April 29, 2008 ICRA assigns A1+ rating to Godrej Consumer Products Limited

April 29, 2008 ICRA assigns LA-/A1 ratings to Novodigm Limited’s bank lines

April 28, 2008 Update on Oriental Bank of Commerce

April 28, 2008 ICRA assigns a final LBBB+(SO) rating to the Rs. 5 billion Bond Programme of PunjabInfrastructure Development Board

April 25, 2008 ICRA assigns IPO Grade 2 to the proposed IPO of Anu’s Laboratories Limited

April 24, 2008 ICRA assigns LAAA rating to HDFC Limiteds’ Rs. 250 billion long-term NCD programme

April 24, 2008 ICRA assigns A1+ rating to IOB’s enhanced certificate of deposits programme

April 23, 2008 ICRA assigns LBBB/A2 rating to Stumpp Schuele and Somappa Pvt. Ltd.

April 23, 2008 ICRA reaffirms highest credit quality rating to CP / STD programme of Ericsson IndiaPvt. Ltd. for enhanced amount of Rs. 5 billion

April 22, 2008 ICRA assigns LAA/A1+ ratings to the bank limits of Bharat Bijlee Limited (BBL)


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April 22, 2008 ICRA assigns LAA/A1+ ratings to the bank limits of Bharat Bijlee Limited (BBL)


April 22, 2008 ICRA assigns LA-/A1 to the bank limits of ITD Cementation India Ltd.

April 21, 2008 ICRA assigns LA rating to Rs. 0.50 bn NCD programme of SRL Ranbaxy Limited (SRL)

April 21, 2008 ICRA assigns LA- rating to bank lines of Television Eighteen India Limited

January 1, 1900


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Ratings till 20aug2010

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