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Rating Rationales


Date Organization Description
29 November 2024SREI Equipment Finance Limited Outstanding Ratings Withdrawn;
SREI Equipment Finance Limited Issuer did not cooperate; Based on best available information; Assignee Payouts Rating Reaffirmed;
SREI Equipment Finance Limited Issuer did not cooperate; Based on best available information; Assignee Payouts Rating Reaffirmed;
SREI Equipment Finance Limited Issuer did not cooperate; Based on best available information; Assignee Payouts Rating Reaffirmed;
SREI Equipment Finance Limited Issuer did not cooperate; Based on best available information; Assignee Payouts Rating Reaffirmed;
SREI Equipment Finance Limited Issuer did not cooperate; Based on best available information; Assignee Payouts Rating Reaffirmed;
SREI Equipment Finance Limited Issuer did not cooperate; Based on best available information; Assignee Payouts Rating Reaffirmed;
SREI Equipment Finance Limited Issuer did not cooperate; Based on best available information; Assignee Payouts Rating Reaffirmed;
SREI Equipment Finance Limited Issuer did not cooperate; Based on best available information; Assignee Payouts Rating Reaffirmed;
SREI Equipment Finance Limited Issuer did not cooperate; Based on best available information; Assignee Payouts Rating Reaffirmed;
SREI Equipment Finance Limited Issuer did not cooperate; Based on best available information; Assignee Payouts Rating Reaffirmed;
SREI Equipment Finance Limited Issuer did not cooperate; Based on best available information; Assignee Payouts Rating Reaffirmed;
SREI Equipment Finance Limited Outstanding Ratings Withdrawn;
SREI Infrastructure Finance Ltd. IPDI Rating Withdrawn;
Sri Sapthagiri Foods Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Nizamabad Agro Pvt. Ltd. Issuer did not cooperate; Based on best available information; Long Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
KVR Exim Pvt. Ltd. Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Maberest Hotels Pvt Ltd Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
REALKNIT FASHION Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
S.A. Nashipudi Issuer did not cooperate; Based on best available information; Long Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
R. M. Enterprises Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Sar Senapati Santaji Ghorpade Sugar Factory Ltd. Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Surya Grain Lands LLP Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Pansuriya Impex LLP Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
28 November 2024Essel Infraprojects Ltd. Issuer did not cooperate; Based on best available information; Ratings Reaffirmed;
Sneha Engineering Equipment Pvt. Ltd. Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Blue Lake Ceramic Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
KVR Exim Pvt. Ltd. Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
SPA Capital Advisors Ltd. Issuer did not cooperate; Based on best available information; Long Term Rating Reaffirmed;
Super Rubber Mix Issuer did not cooperate; Based on best available information; Long Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
VKG Motors Issuer did not cooperate; Based on best available information; Long Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Future Enterprises Limited (erstwhile Future Retail Ltd.) Issuer did not cooperate; Based on best available information; Ratings Reaffirmed;
Mahalaxmi Infracontract Ltd. (erstwhile Mahalaxmi Infracontract Pvt Ltd) Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Ganesh Ginning Factory Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Sri Srinivasa Spin Tex (India) Ltd Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Mistry Enterprises Ltd Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
MV Waghadkar and Sons Jewellers Pvt Ltd Issuer did not cooperate; Based on best available information; Long Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Saipau Cold Storage Issuer did not cooperate; Based on best available information; Long Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
MD Associates Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Orbit Resorts Limited Issuer did not cooperate; Based on best available information; Long Term Rating Continues to be in ISSUER NOT COOPERATING* category/Downgraded to BWR B;
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