India Notes for Indian Debt Instruments – November 4

Nov 4 - Below are the ratings awarded by India Ratings and Research Private Ltd (India Ratings), formerly known as Fitch Ratings India for local debt instruments as of November 3, 2020. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------ ---------- ------ ------ --------- SHORT TERM RATINGS: ------------------- Epl Ltd CP (CP)* IND A1+ 1000 Affirmed *The CP has been carved out of the existing working capital facility. Fedbank Financial Services Ltd ST Issuer Rating IND A1+ - Affirmed LONG TERM RATINGS: ------------------- Sansar Trust June2018’S Second loss credit IND A-(SO)/Stable375.68 Affirmed (An Asset-Backed Securities facility (SLCF) Transaction) Sansar Trust June2018’S Series A pass-through IND 2172.93 Affirmed (An Asset-Backed Securities certificates (PTCs) AAA(SO)/Stable Transaction) Fedbank Financial Services Ltd Bk loan IND AA-/Stable 40000 Assigned Fedbank Financial Services Ltd NCD IND AA-/Stable 7500 Affirmed (reduced from INR8.5) Fedbank Financial Services Ltd NCDs - Subordinated IND AA-/Stable 3500 Affirmed debt (increased from INR2.5) Jalandhar Amritsar Tollways LtdBk loan (LT) IND D 1417 - (Issuer Not Cooperating); Migrated to non-cooperating category Kukru Wind Power Pvt Ltd Proposed TL* Provisional IND 2340 Assigned A-/Stable *The final rating is contingent upon the receipt of executed financing documents in line with the information received by Ind-Ra. Kukru Wind Power Pvt Ltd Proposed WC* Provisional IND 100 Assigned A-/Stable *The final rating is contingent upon the receipt of executed financing documents in line with the information received by Ind-Ra. Maharaja Agrasen Hospital Bk loans IND BBB+/Stable 500 Assigned Charitable Trust Mahasemam Trust Bk loans IND BB+/Stable 949.39 Affirmed; Off RWN Seabird Logisolutions Ltd TL IND A-/Negative 320 Affirmed; off RWN Seabird Logisolutions Ltd FB WC limits IND 75 Affirmed; off A-/Negative/IND RWN A2+ Vamsi Chemicals TL IND B+/Stable 2.9 Assigned ----------------------------------------------------------------------------------------------- Note:- All Indian National-scale ratings previously assigned by Fitch have been transferred to India Ratings & Research Private Ltd (India Ratings), which is a wholly owned subsidiary of the Fitch Group. The withdrawn criteria are now available on India Ratings' website at www.indiaratings.co.in $: Rating watch with positive implication #: Rating Watch with Developing implications @: Rating Watch with Negative Implications %: Rating under Credit Watch wd -Rating Stands Withdrawn sp -Rating Suspended pp -Principal Protected pn -Principal Not Protected INDIA RATINGS may apply + or - signs for ratings to reflect a comparative standing within the category. BG-Bank Guarantee; CC-Cash Credit; CCPS-Cumulative Convertible Preference Share; CD-Certificate of Deposit; CLO-Collateralized Loan Obligation; CPA-Claims Paying Ability; CP-Commercial Paper; CPS-convertible preference shares; CRPS- Cumulative Redeemable Convertible Preference shares; DDB-Deep Discount Bond; EPBI-Exchange premium bond; FBL-Fund Based Limits; FRB/FRN -Floating Rate Bond/Note; ICD -Inter Corporate Deposit; ITD-Immediate Term Debt; LOC-Letter of Credit; LT -Long Term; LTB -Long Term Borrowing; LTD -Long Term Debt; MOCD-multiple option convertible debenture; MTD -Medium term Debenture; MTN-medium term notes; NCD(SO) - Non-Convertible Debenture-(Structured Obligation); NCD-Non-convertible Debentures; NCRB-Non Convertible Redeemable Bonds; NM-Not Meaningful; OCD-optionally convertible debenture; OD-Over Draft; OFCD-Optionally Fully Convertible Debenture; PCD-Partially Convertible Debenture; PCN-partly convertible notes; PCPS-Partly Convertible Preference Share; POCD-partly optional; PP-privately placed; PSPC-Post Shipment & Packing Credit; PS-Preference Shares; PTC-Pass Through Certificates; RPS-Redeemable Preference Shares; SCPN-secured convertible preference notes; SDO-Structured Debt Obligation; SLR-Statutory Liquidity Ratio; SO-Structured Obligation; SPCD - Secured Partly Convertible Debentures; SPN-secured premium notes; STB-Short Term Bond; STD-Short Term Debentures; ST-Short Term; Sub. Bonds-Subordinate Bonds; TB-Taxable Bond; TFB-Tax Free Bond; TL-Term Loan; TOCD-triple option convertible debentures; RWN- Rating Watch Negative; RWN- Rating Watch Evolve. (Mumbai Rate Reporting Unit + 91 22 6180 7222 / 3317 7222, E-mail at [email protected])