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 Securitisation 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       Z      


Last Updated Wednesday, January 30, 2008
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Name of issuer Instrument O/s Amount Rating
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Corporate Loan Securitisation Series 10 Trust 2008 (Originated by Kotak Mahindra Bank Ltd.)
PTC 202.3 PR1+(SO)*
Corporate Loan Securitisation Series 15 Trust 2008 (Originated by Kotak Mahindra Bank Ltd.)
PTC 210 CARE AA+(SO)*
Corporate Loan Securitisation Series 19 Trust 2008 (Originated by Kotak Mahindra Bank Ltd.)
PTC 111.8 PR1+(SO) *
Corporate Loan Securitisation Series 21 Trust 2008 (Originated by Kotak Mahindra Bank Ltd.)
PTC 250 PR1+ *
Corporate Loan Securitisation Series 24 Trust 2008 (Originated by Kotak Mahindra Bank Ltd.)
PTC 750 PR1+*
Corporate Loan Securitisation Series 25 Trust 2008 (Originated by Kotak Mahindra Prime Ltd.)
PTC 526.8 PR1+(SO) *
Corporate Loan Securitisation Series 30 Trust 2008 (Originated by Kotak Mahindra Bank Ltd.
PTC 1000 PR1+(SO)
Corporate Loan Securitisation Series 39 Trust 2008 ((Originated by Kotak Mahindra Prime Ltd.)
PTC 508.3 PR1(SO) *
Corporate Loan Securitisation Series 42 Trust 2008 (Originated by Kotak Mahindra Bank Ltd.)
PTC 850 PR1+(SO)*
Corporate Loan Securitisation Series 48 Trust 2008 (Originated by Kotak Mahindra Prime Ltd.)
PTC 750 CARE A+(SO)*
Corporate Loan Securitisation Series 49 Trust 2008 (Originated by Kotak Mahindra Prime Ltd.)
PTC 500 CARE A+(SO)*
Corporate Loan Securitisation Series 50 Trust 2008 (Originated by Kotak Mahindra Prime Ltd.)
PTC 750 CARE A+(SO)*
Corporate Loan Securitisation Series 51 Trust 2008 (Originated by Kotak Mahindra Prime Ltd.)
PTC 750 CARE A+(SO)*
Corporate Loan Securitisation Series 53 Trust 2008 (Originated by Kotak Mahindra Prime Ltd.)
PTC 750 CARE A+(SO)*
Corporate Loan Securitisation Series 54 Trust 2008 (Originated by Kotak Mahindra Prime Ltd.)
PTC 750 CARE A+(SO)*
Corporate Loan Securitisation Series 55 Trust 2008 (Originated by Kotak Mahindra Prime Ltd.)
PTC 750 CARE A+(SO)*
Corporate Loan Securitisation Series 72 Trust 2008 (Originated by Kotak Mahindra Bank Ltd.)
PTC 501.9 PR1(SO)*
Corporate Loan Securitisation Series 76 Trust 2008 (Orignated by Kotak Mahindra Bank Ltd.)
PTC A1 10.6 PR1+(SO) *
Corporate Loan Securitisation Series 76 Trust 2008 (Orignated by Kotak Mahindra Bank Ltd.)
PTC A2 91 PR1+(SO)*
Corporate Loan Securitisation Series XXII Trust 2006 (originated by Kotak Mahindra Prime Ltd.)
PTC 900 PR1+(SO)
Corporate Loan Securitisation Series XXXV Trust 2006 originated by Kotak Mahindra Prime Ltd.
PTC 250 CARE AA(SO)
Corporate Loan Securitisation Series XXXVIII Trust 2006 originated by Kotak Mahindra Prime Ltd.
PTC 400 CARE AA(SO)
Corporate Loan Securitisation Trust Series X- PTC Series A1 (Originated by Yes Bank Ltd.)
PTC 500 CARE AA(SO)
Corporate Loan Securitization Series I Trust 2006 (Originated by Kotak Mahindra Bank Ltd.)
PTC -- #
Corporate Loan Securitization Series IX Trust 2005 (Orignated by Kotak Mahindra Prime Ltd.)
PTC 500 CARE AA(SO)
Credit Opinion on Commercial Vehicle loan receivables originated by Magma Shrachi Finance Ltd.
PTC 443.1 CARE AAA(SO)
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IGHCC 2 Loan Trust originated by GE Capital Services India Ltd.
PTC 250 CARE AA(SO)
IGHCC 3 Loan Trust originated by GE Capital Services India Ltd.
PTC 250 CARE AA(SO)
IGHCC 4 Loan Trust originated by GE Capital Services India Ltd.
PTC -- #
IGHCC Loan Trust originated by GE Capital Services India Ltd.
PTC 250 CARE AA(SO)
ILDR Loan Trust (originated by GE Capital Services India Ltd.)
PTC -- #
India Loan Securitisation Series 4 Trust 2008 (Originated by Magma Shrachi Finance Ltd.)
PTC (Series A) 138 PR1+(SO) *
India Loan Securitisation Series 4 Trust 2008 (Originated by Magma Shrachi Finance Ltd.)
PTC (Series B) 579.6 CARE AAA(SO) *
India Loan Securitisation Series 4 Trust 2008 (Originated by Magma Shrachi Finance Ltd.)
PTC (Series C) 83.9 CARE AAA(SO) *
Indian Corporate Loan Securitisation Trust - Series LVI (Originated by Yes Bank Ltd.)
PTC - A1 1004 CARE A(SO) *
Indian Corporate Loan Securitisation Trust - Series LVI (Originated by Yes Bank Ltd.)
PTC A2 1005.7 CARE A(SO) *
Indian Corporate Loan Securitisation Trust Series IX originated by Yes Bank Ltd.
PTC 500 CARE AA(SO)
Indian Corporate Loan Securitisation Trust Series XX originated by Yes Bank Ltd.
PTC 250 CARE AA(SO)
Indian Corporate Loan Securitisation Trust Series XXI (Originated By Yes Bank Ltd.)
PTC 700 CARE AA(SO)
Indian Corporate Loan Securitisation Trust Series XXIII originated by Yes Bank Ltd.
PTC 500 CARE AA(SO)
Indian Corporate Loan Securitisation Trust Series XXVII Trust 2006 originated by Kotak Mahindra Bank Ltd.
PTC 250 CARE AA+(SO)
Indian Corporate Loan Securitisation Trust Series XXVIII Trust 2006 originated by Kotak Mahindra Bank Ltd.
PTC 250 CARE AA+(SO)
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JPA Loan Trust (Originated by GE Capital Services India Ltd.)
PTC 500 PR1+(SO)
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KEP Loan Trust Series 1 (Originated by GE Capital Services India Ltd.)
PTC 300 PR1+ *
KJS Loan Trust originated by GE Capital Services India
PTC 500 CARE AA(SO)
KRF Loan Trust (Originated by Ge Capital Services India Ltd.)
PTC 542.6 PR1+(SO) *
KSF Loan Trust Series I originated by GE Capital Services Ltd.
PTC 500 PR1+(SO)
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SIL Loan Trust Series 1 (Originated by GE Capital Services India Ltd.P
PTC 652.6 PR1+(SO) @
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UBL Trust Series 41 (Orignated by DSP Merrill Lynch Capital Ltd.)
PTC 513.7 PR1+(SO) *

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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