Home › Rating List - CRISIL CRISIL Ratings Outstanding as of 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| A Scales Legends Company Name Industry Instrument Rating Outlook 3i Infotech Ltd. Computers - Software Cash Credit Limit A- Stable Term Loan Facilities A- Stable Short-Term Loan P1 Commercial Paper P1 A I Enterprises Private Ltd Textile - Synthetic Long Term Bank Loan BBB Stable Foreign Bill Purchase Limit P3+ Letter of Credit Limit P3+ A Infrastructure Ltd Pipes & Fittings Cash Credit Limit BB- Negative FCNR Loan BB- Negative Over Draft BB- Negative Term Loan Facilities BB- Negative Working Capital Demand Loan BB- Negative Bank Guarantee limit P4 Letter of Credit Limit P4 A K Lumbers Limited Wood & Wood Products Cash Credit Limit BB- Stable Letter of Credit (LC) BB- Stable Long Term Bank Loan BB- Stable Term Loan Facilities BB- Stable Bank Guarantee limit P4+ Letter of Credit Limit P4+ A V Thomas and Co. Ltd. Tea & Coffee Cash Credit Limit A Stable Bank Guarantee limit P1 Letter of Credit Limit P1 A-Bond Strands Private Limited Electrical Equipment Cash Credit Limit B+ Stable Long Term Bank Loan B+ Stable Bank Guarantee limit P4 Clean Supply Bill Purchase P4 Letter of Credit Limit P4 A. T. Trade Overseas Private Limited Textile Products Cash Credit Limit BB+ Stable Letter of Credit Limit P4+ A.A.Nutts Food & Food Products Cash Credit Limit BB- Stable Packing Credits P4+ A.S.Carriers Private Limited Other Long Term Bank Loan B+ Stable A.S.Transport Private Limited Transportation Cash Credit Limit BBB- Stable Proposed Cash Credit Limit BBB- Stable Bank Guarantee limit P3 ABA Builders Ltd. Real Estate Developers Project Rupee Term Loans B Negative ABAD Builders Real Estate Developers Project Real Estate Developers Project DA3+ ABAD Builders Private Limited Real Estate Developers Project Real Estate Developers Project DA3+ ABAD Constructions Private Limited Real Estate Developers Project Real Estate Developers Project DA3+ ABB Global Industries and Services Ltd. Other Cash Credit Limit AA Stable Letter of Credit Limit P1+ ABB Ltd. (formerly Asea Brown Boveri Ltd.) Power Cash Credit Limit AAA Stable Letter of Credit Limit P1+ Commercial Paper P1+ ABC Bearings Limited Bearings Cash Credit Limit A Stable Working Capital Demand Loan A Stable Letter of Credit and Bank Guarantees P1 ABC Engineering Works Other Cash Credit Limit D Line of Credit (LT) D Bank Guarantee limit P5 Letter of Credit Limit P5 ABC Paper Ltd. Paper & Paper Products Cash Credit Limit BBB- Negative Term Loan Facilities BBB- Negative Bank Guarantee limit P3 Letter of Credit Limit P3 ABCI Infrastructures Pvt. Ltd. Diversified Cash Credit Limit BB- Negative Term Loan Facilities BB- Negative Bank Guarantee limit P4 ABS Marine Services Pvt. Ltd. Shipping Long Term Bank Loan BBB Stable Bank Guarantee limit P3+ ACC Concrete Ltd. Cement & Cement Products Cash Credit Limit AA+ Stable Proposed Long-Term Bank Facility AA+ Stable Letter of Credit and Bank Guarantees P1+ ACC Limited Cement & Cement Products Cash Credit Limit AAA Stable Non Convertible Debenture AAA Stable Bank Guarantee limit P1+ Letter of Credit Limit P1+ ACG Hospitality Pvt. Ltd. Hotels Term Loan Facilities B- Negative ACPL Products Pvt Ltd Agro Products Bill Discounting Facility P4+ Export Packing Credit limits P4+ Proposed Short Term Bank Facility P4+ ACT Educational & Charitable Trust Educational Institutions Long Term Bank Loan D ADC India Communications Ltd Telecommunication - Services - Equipments/ Cable Cash Credit Limit BBB Stable Bank Guarantee limit P3+ Letter of Credit Limit P3+ ADD Corporation Limited (formerly ADD Pens Limited) Writing Products Cash Credit Limit BBB Stable Term Loan Facilities BBB Stable Bank Guarantee limit P3+ Letter of Credit Limit P3+ Short Term Debt P3+ AHW Steels Ltd. Steel & Steel Products Cash Credit Limit BB+ Stable Proposed Long-Term Bank Facility BB+ Stable Term Loan Facilities BB+ Stable Letter of Credit and Bank Guarantees P4+ Packing Credits P4+ AI Cotton Industries Other Cash Credit Limit B+ Stable Term Loan Facilities B+ Stable AIA Engineering Ltd. Engineering Cash Credit Limit AA Positive Bank Guarantee limit P1+ Letter of Credit Limit P1+ Commercial Paper P1+ AIG India Liquid Fund Mutual Funds Credit Quality Ratings AAAf AIG India Treasury Plus Fund Mutual Funds Credit Quality Ratings AAAf AK Das Associates Ltd. Engineering Cash Credit Limit BB- Stable Bank Guarantee limit P4+ AKC Steel Industries Ltd. Steel & Steel Products Cash Credit Limit BB+ Stable Proposed Short Term Bank Facility P4+ AKCT Cidambaram Cotton Mill Pvt Ltd Textile - Others Cash Credit Limit B Stable Long Term Bank Loan B Stable Bank Guarantee limit P4 AKJ Minerals Ltd Metals Cash Credit Limit BB+ Stable AKM Enterprises Pvt. Ltd. Construction - Civil & Mechanical Term Loan Facilities BB+ Stable AKR Textile Textile Products Long Term Bank Loan BB- Stable Bill Purchase - Discounting Facility (LC) P4+ Bill Purchase - Discounting Facility (Non LC) P4+ Letter of Credit Limit P4+ Packing Credits P4+ AKS Alloys Private Limited Steel & Steel Products Cash Credit Limit B+ Stable Long Term Bank Loan B+ Stable Bank Guarantee limit P4 Letter of Credit Limit P4 AM Marketing Ltd Food & Food Products Cash Credit Limit BBB Stable AMET University (formerly Academy of Maritime Education and Training) Maritime Grading Maritime Grade CRISIL Grade 1 AMR Power Pvt. Ltd. Power Term Loan Facilities D ANS Pvt. Ltd. Broking Company Bank Guarantee limit P4+ AP Organics Pvt. Ltd. Solvent Extraction Cash Credit Limit BBB- Stable Term Loan Facilities BBB- Stable AP Refinery Pvt. Ltd. Solvent Extraction Cash Credit Limit BB Stable Term Loan Facilities BB Stable AP Solvex Ltd. Solvent Extraction Cash Credit Limit BBB- Stable Term Loan Facilities BBB- Stable APCO Construction Pvt. Ltd. Construction Cash Credit Limit BB+ Stable Bank Guarantee limit P4+ API Ispat and Powertech Private Limited Steel & Steel Products Cash Credit Limit D Term Loan Facilities D Bank Guarantee limit P5 Letter of Credit Limit P5 APR Constructions Ltd. Construction Cash Credit Limit BBB+ Stable Bank Guarantee limit P2 AR Polymers Pvt. Ltd. Other Cash Credit Limit BB Stable Term Loan Facilities BB Stable Bank Guarantee limit P4+ Letter of Credit Limit P4+ AR Thermosets Pvt. Ltd. Other Cash Credit Limit BBB- Stable Term Loan Facilities BBB- Stable Bank Guarantee limit P3 ARB Bearings Ltd Bearings Cash Credit Limit BBB Stable Rupee Term Loans BBB Stable ARS Metals Pvt. Ltd. Metals Cash Credit Limit BB Stable Long Term Bank Loan BB Stable Letter of Credit Limit P4+ ARSS Infrastructure Projects Limited Construction - Civil & Mechanical Bank Guarantee D Term Loan Facilities D Working Capital Demand Loan D Bank Guarantee limit P5 Letter of Credit Limit P5 Standby Letter Of Credit P5 AS Export Gems & Jewellery Post Shipment Credit P3+ ASIL Industries Limited Steel & Steel Products Non Convertible Debenture @ ASIP Pvt. Ltd. Other Cash Credit Limit BB+ Stable Bank Guarantee limit P4+ ASL Enterprises Ltd. Auto Ancillaries Cash Credit Limit BBB- Negative Term Loan Facilities BBB- Negative Letter of Credit Limit P3 ASL Industries Pvt. Ltd. Auto Ancillaries Cash Credit Limit BB+ Stable Term Loan Facilities BB+ Stable Letter of Credit Limit P4+ ASR Multimetals Pvt Limited Steel & Steel Products Cash Credit Limit BBB- Stable Term Loan Facilities BBB- Stable Bank Guarantee limit P3 Letter of Credit Limit P3 AU Financiers (India) Pvt. Ltd. Non Banking Finance Company Line of Credit (LT) BBB Positive Long Term Bank Loan BBB Positive Proposed Long-Term Bank Facility BBB Positive AV Thomas Leather & Allied Products Pvt. Ltd. Leather & Leather Products Bank Guarantee limit P3 Export Packing Credit limits P3 Letter of Credit Limit P3 Aadi Industries Ltd. Plastic & Plastic Products Cash Credit Limit BB- Stable Long Term Bank Loan BB- Stable Bank Guarantee limit P4+ Letter of Credit Limit P4+ Aaditiya Aswin Paper Mills Pvt. Ltd. Paper & Paper Products Cash Credit Limit B+ Stable Long Term Bank Loan B+ Stable Aaiswarya Prints Dyeing & Printing Mills Pvt Ltd Printing Cash Credit Limit BB+ Stable Term Loan Facilities BB+ Stable Aakar Foundry Private Limited Other Cash Credit Limit D Term Loan Facilities D Aanag Enterprises Pvt. Ltd. Auto Ancillaries Cash Credit Limit D Proposed Long-Term Bank Facility D Term Loan Facilities D Bank Guarantee limit P5 Proposed Short Term Bank Facility P5 Aanjaneya Biotech Pvt. Ltd. Diversified Cash Credit Limit B Stable Long Term Bank Loan B Stable Aanuj Infraprojects Private Limited Industrial Parks Cash Credit Limit B+ Stable Proposed Long-Term Bank Facility B+ Stable Bank Guarantee limit P4 Aarti Industries Limited Chemicals - Speciality Cash Credit Limit A Positive Term Loan Facilities A Positive Non Convertible Debenture A Positive Letter of Credit Limit P1 Short Term Debt P1 Aarya Industrial Products Private Limited Trading Cash Credit Limit BBB Stable Letter of Credit Limit P3+ Aashiana Rolling Mills Ltd Other Cash Credit Limit BB+ Positive Term Loan Facilities BB+ Positive Aban Power Company Ltd. Power Cash Credit Limit A+ Stable Foreign Currency Term Loan A+ Stable Long Term Bank Loan A+ Stable Abdos Labtech Private Limited Plastic & Plastic Products Cash Credit Limit BB- Stable Term Loan Facilities BB- Stable Abhedya Industries Ltd. Packaging Cash Credit Limit BB- Stable Proposed Term Loan BB- Stable Term Loan Facilities BB- Stable Letter of Credit Limit P4+ Abhijit Realtors & Infraventures Private Limited Construction Cash Credit Limit BB+ Stable Proposed Long-Term Bank Facility BB+ Stable Abhilasha Jewellers Pvt. Ltd. Gems & Jewellery Letter of Credit and Bank Guarantees P3+ Line of Credit P3+ Packing Credits P3+ Abhinandan Interexim Pvt. Ltd. Packaging Cash Credit Limit BB+ Stable Letter of Credit (LC) BB+ Stable Letter of Credit Limit P4+ Abhinav Steels Pvt Ltd Other Cash Credit Limit BB Stable Proposed Long-Term Bank Facility BB Stable Term Loan Facilities BB Stable Bank Guarantee limit P4+ Abhirama Steels Private Limited Steel & Steel Products Long Term Bank Loan B+ Stable Proposed Long-Term Bank Facility B+ Stable Abhishek Exports (India) Pvt. Ltd. Readymade Garments Foreign Currency Term Loan BBB- Stable Working Capital Demand Loan BBB- Stable Abhishek Steel Industries Limited Other Cash Credit Limit BBB+ Stable Long Term Bank Loan BBB+ Stable Letter of Credit Limit P2 Abhitex International Other Term Loan Facilities D Bank Guarantee limit P5 Export Packing Credit limits P5 Abhyudaya Housing and Constructions Private Limited Construction Cash Credit Limit BBB- Stable Bank Guarantee limit P3 Accord Communication Private Limited Telecommunication - Services - Equipments/ Cable Cash Credit Limit BB+ Stable Term Loan Facilities BB+ Stable Accura Valves Pvt.Ltd Tyres Cash Credit Limit D Proposed Long-Term Bank Facility D Rupee Term Loans D Letter of Credit and Bank Guarantees P5 Accurate Education & Research Society Educational Institutions Cash Credit Limit BBB- Stable Proposed Long-Term Bank Facility BBB- Stable Term Loan Facilities BBB- Stable Ace Finlease Pvt.Ltd. Other Cash Credit Limit BB- Stable Ace Multi Axes Systems Limited Engineering Cash Credit Limit BBB Stable Term Loan Facilities BBB Stable Bank Guarantee limit P3+ Bill Discounting Facility P3+ Letter of Credit Limit P3+ Packing Credits P3+ Ace Pipeline Contracts Pvt Ltd Pipes & Fittings Cash Credit Limit BB+ Negative Bank Guarantee limit P4+ Acer Granito Private Limited Ceramics & Sanitaryware Cash Credit Limit BB- Stable Term Loan Facilities BB- Stable Bank Guarantee limit P4+ Acme Creation Private Limited Textile - Others Cash Credit Limit B Negative Rupee Term Loans B Negative Bank Guarantee limit P4 Acme Tele Power Ltd. Other Cash Credit Limit AA- Negative Non Convertible Debenture AA- Negative Letter of Credit and Bank Guarantees P1+ Commercial Paper P1+ ActGen Pharma Private Limited Pharmaceuticals Cash Credit Limit B- Negative Term Loan Facilities B- Negative Letter of Credit Limit P4 Action Construction Equipment Ltd. Construction Equipment Buyers Credit A+ Stable Cash Credit Limit A+ Stable Proposed Long-Term Bank Facility A+ Stable Letter of Credit Limit P1 Ad-Manum Finance Ltd. Diversified Cash Credit Limit BBB+ Stable Adani Power Limited Power Cash Credit Limit BBB Stable Long Term Bank Loan BBB Stable Proposed Long-Term Loan BBB Stable Adani Power Maharashtra Limited Other Long Term Bank Loan BBB Stable Proposed Long-Term Loan BBB Stable Adhunik Infrastructures Pvt Ltd Other Cash Credit Limit BBB Positive Bank Guarantee limit P3+ Adhya Himalayan Waters Water Projects Cash Credit Limit BB- Stable Proposed Long-Term Bank Facility BB- Stable Term Loan Facilities BB- Stable Adi Ispat Pvt. Ltd. Steel & Steel Products Cash Credit Limit D Term Loan Facilities D Letter of Credit Limit P5 Adinath Silks Limited Textile - Others Cash Credit Limit BB Stable Aditya Birla Health Services Ltd. Hospitals Cash Credit Limit BBB- Negative Long Term Bank Loan BBB- Negative Aditya Birla Money Ltd. Asset Management Company Short Term Debt P1+ Aditya Industries Agro Products Cash Credit Limit BB Stable Stand by Line of Credit BB Stable Letter of Credit Limit P4+ Aditya Polymers & Chemicals India Pvt. Ltd. Other Cash Credit Limit BB+ Stable Bill Discounting Facility P4+ Channel Financing P4+ Aditya Translink Pvt. Ltd. Textile Products Cash Credit Limit BBB- Stable Bank Guarantee limit P3 Letter of Credit Limit P3 Aditya Vidyut Appliances Ltd. Diversified Cash Credit Limit D Term Loan Facilities D Working Capital Demand Loan D Bank Guarantee limit P5 Letter of Credit Limit P5 Adlec Systems Pvt Ltd Electronics - Industrial Cash Credit Limit BB- Stable Term Loan Facilities BB- Stable Bank Guarantee limit P4 Ador Powertron Ltd. Electrical Equipment Cash Credit Limit A- Negative Long Term Bank Loan A- Negative Proposed Long-Term Bank Facility A- Negative Bank Guarantee limit P2+ Bill Discounting Facility P2+ Letter of Credit Limit P2+ Advaith Motors Pvt. Ltd. Automobiles 2 & 3 wheelers Cash Credit Limit BBB Stable Term Loan Facilities BBB Stable Advance Impex Private Limited Other Cash Credit Limit BB Stable Stand by Line of Credit BB Stable Term Loan Facilities BB Stable Letter of Credit and Bank Guarantees P4+ Advance Panels and Switchgears Private Limited Machine Tools Cash Credit Limit BBB Stable Bank Guarantee limit P3+ Advance Steel Tubes Ltd. Steel & Steel Products Cash Credit Limit A- Stable Letter of Credit Limit P2+ Advatech Cera Tiles Ltd. Ceramics & Sanitaryware Cash Credit Limit D Term Loan Facilities D Bank Guarantee limit P5 Advin Tradefin Pvt. Ltd. Textile - Synthetic Cash Credit Limit B Stable Term Loan Facilities B Stable Letter of Credit Limit P4 Adwaith Lakshmi Industries Ltd Textile - Others Cash Credit Limit BBB- Negative Long Term Bank Loan BBB- Negative Bank Guarantee limit P3 Aegis Logistics Ltd. Logistics Service Provider Commercial Paper P1+ Aeroflex Industries Ltd. Steel & Steel Products Cash Credit Limit D Term Loan Facilities D Afcons Infrastructure Ltd. Construction - Civil & Mechanical Cash Credit Limit AA Stable Long Term Bank Loan AA Stable Bank Guarantee limit P1+ Letter of Credit Limit P1+ Short-Term Loan P1+ Commercial Paper P1+ Afeef Cashew Company Food & Food Products Cash Credit Limit BB- Stable Term Loan Facilities BB- Stable Packing Credits P4+ Post Shipment Credit P4+ Agarwal Coal Corporation Pvt. Ltd. Mining Cash Credit Limit A Stable Letter of Credit Limit P1 Agarwal Dal Mills Private Ltd. Trading Cash Credit Limit B Stable Letter of Credit Limit P4 Agarwal Metals & Alloys Other Cash Credit Limit B- Negative Letter of Credit Limit P4 Agarwal Transport Corporation Pvt Ltd. Transportation Cash Credit Limit A Stable Bank Guarantee limit P1 Aggarwal Rice Mills Food & Food Products Cash Credit Limit B+ Stable Term Loan Facilities B+ Stable Aggarwal Trading Company Food & Food Products Cash Credit Limit B Stable Agio Pharmaceuticals Ltd Pharmaceuticals Cash Credit Limit D Term Loan Facilities D Bank Guarantee limit P5 Bill Discounting Facility P5 Letter of Credit Limit P5 Stand By Limits P5 Agnice Fire Protection Limited Fire Protection Cash Credit Limit BB+ Stable Bank Guarantee limit P4+ Letter of Credit Limit P4+ Agrasen Sponge Private Limited Metals Cash Credit Limit B Stable Term Loan Facilities B Stable Bank Guarantee limit P4 Standby Line Of Credit P4 Agrawal Metal Works Private Ltd. Metals Cash Credit Limit BBB Negative Term Loan Facilities BBB Negative Letter of Credit Limit P3+ Agrawal Sponge Limited Sponge Iron Cash Credit Limit B+ Stable Long Term Bank Loan B+ Stable Letter of Credit Limit P4 Agrini Export Private Limited Trading Term Loan Facilities D Export Packing Credit limits P5 Agro Tech Foods Ltd Edible Oils Cash Credit Limit A+ Stable Bank Guarantee limit P1+ Ahammed Roller Flour Mills Pvt. Ltd. Food & Food Products Cash Credit Limit BB Stable Bank Guarantee limit P4+ Letter of Credit Limit P4+ Ahlstrom Fibercomposites India Pvt. Ltd. Paper & Paper Products Proposed Long-Term Bank Facility BB+ Stable Term Loan Facilities BB+ Stable Ahmedabad Municipal Corporation Public Finance - Financial Institutions/ Municipal/ State Governments Tax Free Bond A+ Stable Corporate Credit Rating CCR A+ Ahmedabad Packaging Industries Ltd. Packaging Cash Credit Limit BB Stable Term Loan Facilities BB Stable Working Capital Demand Loan BB Stable Bank Guarantee limit P4+ Letter of Credit Limit P4+ Aimil Limited Electrical Equipment Over Draft BBB+ Stable Term Loan Facilities BBB+ Stable Bank Guarantee limit P2 Bill Discounting Facility P2 Letter of Credit Limit P2 Ainaj Industries Edible Oils Cash Credit Limit B Stable Term Loan Facilities B Stable Air India Charters Limited Other Structured Debt Obligation AAA(so) Stable Airports Authority Of India Transportation Long Term Borrowing AAA Stable Airserco Private Limited Other Cash Credit Limit BB- Negative Long Term Bank Loan BB- Negative Letter of Credit Limit P4 Airtrax Polymers Pvt. Ltd. Other Cash Credit Limit BB Stable Term Loan Facilities BB Stable Bank Guarantee limit P4+ Letter of Credit Limit P4+ Airvision India Pvt. Ltd. Plastic & Plastic Products Cash Credit Limit C Bank Guarantee limit P4 Letter of Credit Limit P4 Aishwarya Healthcare Hospitals Cash Credit Limit BBB Stable Term Loan Facilities BBB Stable Aizant Drug Research Solutions Pvt. Ltd. Other Cash Credit Limit BB- Stable Long Term Bank Loan BB- Stable Ajanta Leather Fashions Private Limited Leather & Leather Products Term Loan Facilities B- Stable Bill Discounting Facility P4 Foreign Letter of Credit P4 Packing Credits P4 Ajanta Offset & Packagings Ltd. Printing Cash Credit Limit D Stand by Line of Credit D Term Loan Facilities D Letter of Credit Limit P5 Ajanta Packaging Packaging Cash Credit Limit B- Negative Proposed Long-Term Bank Facility B- Negative Term Loan Facilities B- Negative Export Performance Guarantee P4 Ajanta Soya Ltd. Edible Oils Cash Credit Limit BBB- Stable Proposed Long-Term Bank Facility BBB- Stable Bank Guarantee limit P3 Letter of Credit Limit P3 Ajay Food Products Pvt Ltd Other Cash Credit Limit D Term Loan Facilities D Letter of Credit Limit P5 Ajay Metallics Pvt Ltd Steel & Steel Products Cash Credit Limit B Stable Term Loan Facilities B Stable Bank Guarantee limit P4 Ajit Solar Pvt. Ltd. Consumer Durable Cash Credit Limit D Term Loan Facilities D Bank Guarantee limit P5 Letter of Credit Limit P5 Packing Credits P5 Ajwani Infrastructure Private Limited Construction Cash Credit Limit BBB Positive Over Draft BBB Positive Proposed Long-Term Bank Facility BBB Positive Term Loan Facilities BBB Positive Bank Guarantee limit P2 Letter of Credit Limit P2 Proposed Short Term Bank Facility P2 Akak Ispat Udyog Private Limited Trading Cash Credit Limit B+ Stable Letter of Credit (LC) B+ Stable Akash Infra Projects Pvt Ltd Roads Cash Credit Limit BBB Stable Term Loan Facilities BBB Stable Bank Guarantee limit P3+ Akay Flavours & Aromatics Pvt. Ltd. Other Term Loan Facilities BBB+ Stable Letter of Credit and Bank Guarantees P2 Packing Credits P2 Akbar Travels of India Pvt. Ltd. Travel Agency Cash Credit Limit BB+ Stable Working Capital Demand Loan BB+ Stable Bank Guarantee limit P4+ Aklavya Industries Private Limited Other Cash Credit Limit D Term Loan Facilities D Bank Guarantee limit P5 Akshara Industries Ltd. Steel & Steel Products Cash Credit Limit BB Stable Proposed Long-Term Bank Facility BB Stable Bank Guarantee limit P4+ Letter of Credit Limit P4+ Akshata Mercantile Pvt. Ltd. Diversified Cash Credit Limit BB Negative Long Term Bank Loan BB Negative Letter of Credit Limit P4+ Akshaya Homes Real Estate Developers Project Real Estate Developers Project DA3+ Akshaya Pvt Ltd (formerly Akshaya Homes Pvt Ltd) Real Estate Developers Project Real Estate Developers Project DA3+ Akshit Enterprises Pvt. Ltd. Steel & Steel Products Cash Credit Limit B+ Stable Proposed Long-Term Bank Facility B+ Stable Term Loan Facilities B+ Stable Al Kabeer Exports Pvt. Ltd. Food & Food Products Packing Credits P4+ Al-Aziz and Company Food & Food Products Cash Credit Limit BB- Stable Term Loan Facilities BB- Stable Packing Credits P4+ Post Shipment Credit P4+ Alacrity Securities Limited Other Bank Guarantee limit P4 Proposed Bank Guarantee P4 Alaknanda Sponge Iron Pvt. Ltd. Sponge Iron Cash Credit Limit B+ Stable Proposed Long-Term Bank Facility B+ Stable Term Loan Facilities B+ Stable Alam Tannery Pvt. Ltd. Leather & Leather Products Export Bill Negotiation BB- Negative FBP/FBD BB- Negative Packing Credit BB- Negative Proposed Long-Term Bank Facility BB- Negative Term Loan Facilities BB- Negative Letter of Credit Limit P4 Albert David Ltd. Pharmaceuticals Cash Credit Limit A- Stable Term Loan Facilities A- Stable Bank Guarantee limit P2+ Standby Line Of Credit P2+ Alchem International Ltd Pharmaceuticals Cash Credit Limit A- Stable Export Packing Credit A- Stable Term Loan Facilities A- Stable Export Packing Credit limits P2+ Letter of Credit Limit P2+ Alcon Electronics Pvt. Ltd. Other Cash Credit Limit B+ Stable Term Loan Facilities B+ Stable Letter of Credit Limit P4 Alembic Limited Pharmaceuticals Bank Guarantee AA- Cash Credit Limit AA- Letter of Credit (LC) AA- Long Term Bank Loan AA- Non Convertible Debenture AA- Packing Credit in Foreign Currency P1+ Short Term Debt P1+ Alfa Flexitubes Pvt. Ltd. Pipes & Fittings Bill Discounting D Stand by Line of Credit D Term Loan Facilities D Letter of Credit Limit P5