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 Issuer Rating Sector:
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B
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G
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Last Updated Wednesday, January 30, 2008
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Name of issuer
Instrument
O/s Amount
Rating
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Gujarat Alkalies & Chemicals Ltd.
Issuer Rating
--
CARE AA(IS)
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Patel Engineering Ltd.
Issuer Rating
--
CARE AA(IS)
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South Asian Petrochem Ltd.
Issuer Rating
--
CARE A(IS)
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# - Rating Withdrawn, @ - Credit Watch, $ - Rating not in use, % - Instrument redeemed,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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