CARE assigns ‘BBB(SO)’ rating to NCD issue of Nandi Economic Corridor Enterprise Ltd.     CARE assigns ‘BBB’ & PR2’ Rating to Bank Loan Facilities of MSP Steel & Power Ltd.     CARE assigns ‘AA-’ & PR1+’ Rating to Bank Loan Facilities of G4S Security Services (India) Pvt. Ltd.     CARE assigns ‘BBB’ Rating to Bank Loan Facilities of Himalyan Expressway Ltd.     CARE assigns ‘BBB+’ & ‘PR2+’ Rating to Bank Loan Facilities of Raymond Zambaiti Pvt. Ltd.     CARE assigns ‘A’ & ‘PR2+’ rating to Bank Loan Facilities of Polyplex Corporation Ltd.     CARE assigns ‘AA’ rating to NCD issue of Dewan Housing Finance Corporation Ltd.     CARE assigns ‘AA-(SO)’ & ‘PR1+(SO)’ Rating to Bank Loan Facilities of Advanta India Ltd.     CARE upgrades the rating assigned to NCD issues of Binani Cement Ltd.     CARE assigns ‘A+’ ratingto Tier II Bond issue of Karnataka Bank Ltd.    
   
 
Ratings for Grading of Maritime Institutes Sector:

A       B       C       D       E       F       G       H       I       J       K       L       M      
N       O       P       Q       R       S       T       U       V       W       X       Y      

Last Updated Wednesday, January 30, 2008

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Name of issuer Instrument O/s Amount Rating
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Chidambaram Institute of Maritime Technology
Maritime Grading -- CARE Grade 2 (1 yr course)
Chidambaram Institute of Maritime Technology
Maritime Grading -- CARE Grade 3 (2 yr course)
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Marine Engineering Training Institute
Maritime Grading -- CARE Grade 1
Maritime Education Training & Research Institute
Maritime Grading -- CARE Grade 4
Mohamed Sathak Engineering College
Maritime Grading -- CARE Grade 3
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Padmabhushan Vasantdada Patil Pratishthan's College of Engineering
Maritime Grading -- CARE Grade 2
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SB Vignesh Marine Training Centre
Maritime Grading -- CARE Grade 3
Shipping Corporation of India
Maritime Grading -- CARE Grade 1
Southern Academy of Maritime Studies Pvt. Ltd.
Maritime Grading -- CARE Grade 3
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T.S. Rahaman
Maritime Grading (1 to 12) -- CARE Grade 1
T.S. Rahaman
Maritime Grading (13 to 14) -- CARE Grade 2
Technical Training Centre (Garden Reach Shipbuilders & Engineers Ltd.)
Maritime Grading -- CARE Grade 2

Last Updated Wednesday, January 30, 2008

Amount in Million Rs.

# - Rating Withdrawn, @ - Credit Watch, $ - Rating not in use, % - Instrument redeemed,

& - Rating suspended due to non-submission of information by the Company

* - In Principle rating subject to compliance to stipulated conditions
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