Rating Rationales






Date Organization Description
24 April 2024Landmark Infonet Pvt. Ltd. Issuer did not cooperate; Based on best available information; Long Term Rating Downgraded to BWR C; Short Term Rating Reaffirmed;
Newgen Specialty Plastics Ltd. Issuer did not cooperate; Based on best available information; Ratings Reaffirmed;
Nashik Infrastructure Developers Ltd. Issuer did not cooperate; Based on best available information; Long Term Rating Reaffirmed;
Anubhuti Apples Pvt. Ltd. Issuer did not cooperate; Based on best available information; Long Term Rating Downgraded to BWR C;
Belco Pharma Issuer did not cooperate; Based on best available information; Long Term Rating Downgraded to BWR B; Short Term Rating Reaffirmed;
Rajshree Automotive Pvt. Ltd. Issuer did not cooperate; Based on best available information; Long Term Rating Downgraded to BWR C;
Shri Jalaram Rice Industries Pvt. Ltd. Issuer did not cooperate; Based on best available information; Ratings Reaffirmed;
Hayagreeva Educational and Charitable Trust Issuer did not cooperate; Based on best available information; Long Term Rating Downgraded to BWR C;
Shree Srinivasa Tex Issuer did not cooperate; Based on best available information; Ratings Reaffirmed;
Electronic Relays (India) Pvt. Ltd. Issuer did not cooperate; Based on best available information; Ratings Reaffirmed;
RB and Sons Cotton Traders Issuer did not cooperate; Based on best available information; Long Term Rating Reaffirmed;
Shubham Foods Issuer did not cooperate; Based on best available information; Long Term Rating Reaffirmed;
James Memorial Charitable Trust Issuer did not cooperate; Based on best available information; Long Term Rating Downgraded to BWR B;
Vax Consultants Pvt. Ltd. Issuer did not cooperate; Based on best available information; Short Term Rating Reaffirmed;
Optima Homes Pvt Ltd Issuer did not cooperate; Based on best available information; Long Term Rating Reaffirmed;
Swarna Kamal Jewellers Issuer did not cooperate; Based on best available information; Long Term Rating Reaffirmed;
Life Sight Surgicals Pvt. Ltd Issuer did not cooperate; Based on best available information; Long Term Rating Downgraded to BWR C; Short Term Rating Reaffirmed;
Ambassador Hotel Issuer did not cooperate; Based on best available information; Long Term Rating Reaffirmed;
Rama Krishna Rice Mills Issuer did not cooperate; Based on best available information; Long Term Rating Reaffirmed;
Sri Gayathri Modern Raw & Boiled Rice Mill Private Limited Issuer did not cooperate; Based on best available information; Long Term Rating Downgraded to BWR B +;
K Rajani Reddy Issuer did not cooperate; Based on best available information; Long Term Rating Reaffirmed;
SPL Motors Private Limited Issuer did not cooperate; Based on best available information; Long Term Rating Reaffirmed;
Shree Ram Cold Storage Issuer did not cooperate; Based on best available information; Long Term Rating Reaffirmed;
SRK APARTMENTS Issuer did not cooperate; Based on best available information; Long Term Rating Reaffirmed;
Santladevi Resorts Issuer did not cooperate; Based on best available information; Long Term Rating Reaffirmed;
Arun Engineering Projects Pvt Ltd Issuer did not cooperate; Based on best available information; Long Term Rating Downgraded to BWR C; Short Term Rating Reaffirmed;
Alang Ship Breaking Corporation Issuer did not cooperate; Based on best available information; Long Term Rating Downgraded to BWR B +; Short Term Rating Reaffirmed;
Ashwin Shipbreaking LLP (Formerly Known as A.G. Enterprise) Issuer did not cooperate; Based on best available information; Long Term Rating Downgraded to BWR B; Short Term Rating Reaffirmed;
Madhuram Construction Co. Issuer did not cooperate; Based on best available information; Long Term Rating Downgraded to BWR C; Short Term Rating Reaffirmed;
PMR Constructions India Pvt. Ltd. Issuer did not cooperate; Based on best available information; Ratings Reaffirmed;
Chicago Constructions International Pvt. Ltd. Issuer did not cooperate; Based on best available information; Long Term Rating Downgraded to BWR B; Short Term Rating Reaffirmed;
Sree Builders Issuer did not cooperate; Based on best available information; Ratings Reaffirmed;
Shree Jee Global Pvt. Ltd. Issuer did not cooperate; Based on best available information; Long Term Rating Reaffirmed;
Isotex Corporation Pvt. Ltd. Issuer did not cooperate; Based on best available information; Long Term Rating Downgraded to BWR B -; Short Term Rating Reaffirmed;
Agilis Vitrified Pvt. Ltd. Issuer did not cooperate; Based on best available information; Long Term Rating Downgraded to BWR B -; Short Term Rating Reaffirmed;
23 April 2024Sri Bhagavathi Rice Mill Issuer did not cooperate; Based on best available information; Long Term Rating Reaffirmed;
Sri Guru Krupa Agro Industries (SGKAI) Issuer did not cooperate; Based on best available information; Long Term Rating Reaffirmed;
Bright Buildtech Pvt. Ltd. Issuer did not cooperate; Based on best available information; Ratings Reaffirmed;
Sri Sai Durga Foods Issuer did not cooperate; Based on best available information; Long Term Rating Reaffirmed;
Exclusive Steel & Casting Ltd.(erstwhile Exclusive Steel And Casting Pvt. Ltd.) Issuer did not cooperate; Based on best available information; Long Term Rating Downgraded to BWR C; Short Term Rating Reaffirmed;
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