Rating Rationales






Date Organization Description
28 May 2024Eurotas Infrastructure Ltd Issuer did not cooperate; Based on best available information; Long Term Rating Reaffirmed;
Solvochem Issuer did not cooperate; Based on best available information; Ratings Reaffirmed;
S & S Construction Company Issuer did not cooperate; Based on best available information; Ratings Reaffirmed;
Trident Automobiles Pvt. Ltd. Issuer did not cooperate; Based on best available information; Long Term Rating Downgraded to BWR B;
Spectra Constructions Pvt. Ltd. Issuer did not cooperate; Based on best available information; Long Term Rating Downgraded to BWR BB -;
Southern Agrifurane Industries Pvt. Ltd. Issuer did not cooperate; Based on best available information; Long Term Rating Downgraded to BWR BB;
L N Malviya Infra Projects Pvt. Ltd. Issuer did not cooperate; Based on best available information; Ratings Reaffirmed;
Shree Krishna Educational and Charitable Trust Issuer did not cooperate; Based on best available information; Ratings Reaffirmed;
Vinayak Coal Traders Pvt. Ltd. Issuer did not cooperate; Based on best available information; Ratings Reaffirmed;
Lotus Traexim Pvt. Ltd. Issuer did not cooperate; Based on best available information; Ratings Reaffirmed;
Suyog Gurbaxani Funicular Ropeways Pvt. Ltd. Issuer did not cooperate; Based on best available information; Long Term Rating Reaffirmed;
Yalavarthy Srinivasa Rao Issuer did not cooperate; Based on best available information; Long Term Rating Reaffirmed;
Edgetech Air Systems Pvt. Ltd. Outstanding Ratings Withdrawn;
Solitaire Foods Pvt Ltd Issuer did not cooperate; Based on best available information; Long Term Rating Reaffirmed;
Neycer Jalaa Pvt Ltd Issuer did not cooperate; Based on best available information; Long Term Rating Reaffirmed;
Sakthi Auto Ancillary Pvt Ltd Issuer did not cooperate; Based on best available information; Long Term Rating Reaffirmed;
STG Educational & Cultural Charitable Trust Issuer did not cooperate; Based on best available information; Long Term Rating Reaffirmed;
Srichakra Milk Products LLP Issuer did not cooperate; Based on best available information; Long Term Rating Downgraded to BWR B -;
Monad Edukasional Society Issuer did not cooperate; Based on best available information; Long Term Rating Downgraded to BWR B -;
Sudarshan Seeds Pvt Ltd Issuer did not cooperate; Based on best available information; Long Term Rating Reaffirmed;
Bhaktavatsalam Memorial Trust Issuer did not cooperate; Based on best available information; Long Term Rating Reaffirmed;
GSR Eco Bricks Private Limited Issuer did not cooperate; Based on best available information; Long Term Rating Reaffirmed;
Lorence Vitrified LLP Issuer did not cooperate; Based on best available information; Ratings Reaffirmed;
Javitri Devi Sheetgrah Pvt Ltd Issuer did not cooperate; Based on best available information; Long Term Rating Reaffirmed;
Gajanan Siddhivinayak Foods Pvt Ltd Issuer did not cooperate; Based on best available information; Long Term Rating Reaffirmed;
Karmayogi Shankarraoji Patil SSK Ltd Issuer did not cooperate; Based on best available information; Long Term Rating Downgraded to BWR B -;
Amrit Crafts Pvt Ltd Issuer did not cooperate; Based on best available information; Long Term Rating Downgraded to BWR B; Short Term Rating Reaffirmed;
Nops Infrastructure Pvt Ltd Issuer did not cooperate; Based on best available information; Long Term Rating Reaffirmed;
Amrit Exports Pvt Ltd Issuer did not cooperate; Based on best available information; Long Term Rating Downgraded to BWR B; Short Term Rating Reaffirmed;
Kaka Carpets Issuer did not cooperate; Based on best available information; Ratings Reaffirmed;
Rama Ferro Alloys & Finance Pvt. Ltd. Issuer did not cooperate; Based on best available information; Long Term Rating Downgraded to BWR C; Short Term Rating Reaffirmed;
Shree Nageshwar Papers Ltd Issuer did not cooperate; Based on best available information; Long Term Rating Reaffirmed;
Shri MC Rice Mill Issuer did not cooperate; Based on best available information; Long Term Rating Reaffirmed;
Supreme Solar Projects Pvt. Ltd. Issuer did not cooperate; Based on best available information; Long Term Rating Downgraded to BWR B +;
Jai Krishna Artec-JV Issuer did not cooperate; Based on best available information; Long Term Rating Downgraded to BWR B -;
Versil Pumps LLP Issuer did not cooperate; Based on best available information; Long Term Rating Downgraded to BWR B; Short Term Rating Reaffirmed;
Suwarna Buildcon Pvt. Ltd. Issuer did not cooperate; Based on best available information; Long Term Rating Downgraded to BWR B +;
27 May 2024Premier Distilleries Pvt. Ltd. Issuer did not cooperate; Based on best available information; Ratings Reaffirmed;
BTM Industries Ltd. Issuer did not cooperate; Based on best available information; Long Term Rating Reaffirmed;
Kandhaian Feeds Issuer did not cooperate; Based on best available information; Long Term Rating Reaffirmed;
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