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ICRA ratings for Indian debt instruments-Oct 17
October 17, 2016 / 11:06 AM / a year ago

ICRA ratings for Indian debt instruments-Oct 17

Oct 17 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of October 14, 2016.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Allied Medical Ltd                      Non-FBL               A4+    60      Suspended
Bti Payments Pvt Ltd                    ST FB Fac             A1     2800    Assigned /
                                                                                   Outstanding
Escorts Ltd                             CP                    A1     500     Assigned
                                        (CP)/shortterm-debt
                                        (STD) programme
Escorts Ltd                             Non-FBL               A1     6130    Assigned
Icon Infotech Pvt Ltd                   ST, non fund based    A4     35      Assigned
Omax Cotspin Pvt Ltd                    BG                    A4+    25      Revised from
                                                                                   A4
Omax Cotspin Pvt Ltd                    EPC cum FBP/FBD       A4+    140     Revised from
                                                                                   A4
Omax Cotspin Pvt Ltd                    FLC *                 A4+    -       Revised from
                                                                                   A4
*Sub limit of cash credit
Religare Finvest Ltd                    ST Bk Limits          A1+    6000    Outstanding
Religare Finvest Ltd                    CP programme          A1+    27000   Outstanding
Religare Finvest Ltd                    ST Debt programme     A1+    10000   Outstanding

LONG TERM RATINGS:
-------------------
Allied Medical Ltd                      FBL                   BB+    100     Suspended
Baratheon Ifmr Capital 2016             PTC Series A1         BBB+   208.6   Assigned
Baratheon Ifmr Capital 2016             PTC Series A2         BBB+   21.8    Assigned
Da Toll Road Pvt Ltd                    TL                    BBB    18600   Reaffirmed
Da Toll Road Pvt Ltd                    Non-Fund Based        BBB    1000    Reaffirmed
Da Toll Road Pvt Ltd                    Proposed Limits       BBB    545     Reaffirmed
Escorts Ltd                             TL Fac                A-     2570    Assigned
Escorts Ltd                             FBL                   A-/A1  4780    Assigned
Escorts Ltd                             Unallocated           A-/A1  730     Assigned
Hardik Textiles Pvt Ltd                 Working Capital Limit B+     86      Reaffirmed
Hardik Textiles Pvt Ltd                 Proposed LT facility  B+     14      Reaffirmed
Icon Infotech Pvt Ltd                   LT, fund based - CC   B      35      Assigned
Ifmr Capital Finance                    PTC Series A1         Provisional  526.1   Assigned
                                                              A
Ifmr Capital Finance                    Intrepid Finance and  Provisional  200     Assigned
                                        Leasing Private       BBB+
                                        Limited
Ifmr Capital Finance                    MPower micro Finance  Provisional  150     Assigned
                                        Private Limited       BBB+
Ifmr Capital Finance                    Pahal Financial       Provisional  150     Assigned
                                        Services Private      BBB+
                                        Limited
Ifmr Capital Finance                    Pudhuaaru Financial   Provisional  200     Assigned
                                        Services Private      BBB+
                                        Limited
Ifmr Capital Finance                    Sambandh Financial    Provisional  100     Assigned
                                        Services Private      BBB+
                                        Limited
Ifmr Capital Finance                    Satin Creditcare      Provisional  260     Assigned
                                        NetworkLimited        BBB+
Ifmr Capital Finance                    PTC Series A2         Provisional  52      Assigned
                                                              C+
J.D. Cotton Industry                    FBL                   B      67      Suspended
Janalakshmi Financial Services          PTC Series A1         Provisional  370.2   Assigned
Ltd                                                           A
Janalakshmi Financial Services          PTC Series A1         Provisional  511.3   Assigned
Ltd                                                           A-
Janalakshmi Financial Services          PTC Series A2         Provisional  11.5    Assigned
Ltd                                                           BBB
Janalakshmi Financial Services          PTC Series A2         Provisional  20.6    Assigned
Ltd                                                           BBB+
Omax Cotspin Pvt Ltd                    CC                    BB+    125     Revised from
                                                                                   BB-
Omax Cotspin Pvt Ltd                    TL                    BB+    293.2   Revised from
                                                                                   BB-
Patel Cotton Industries                 CC                    B+     100     Assigned
Religare Finvest Ltd                    Non-CPS               A+     1250    Outstanding
Religare Finvest Ltd                    LT Debt programme     AA-    34000   Outstanding
Religare Finvest Ltd                    LT Bk Limits          AA-    114000  Outstanding
Religare Finvest Ltd                    Nifty Linked          pp-MLD-      1000    Outstanding
                                        Debenture programme   AA-
Rufous Sbl Ifmr Capital 2016            PTC Series A1         A-     78.6    Assigned
Zen Lefin Pvt Ltd                       PTC Series A1         A-     88.4    Assigned
Zen Lefin Pvt Ltd                       PTC Series A2         B      10.4    Assigned
--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

ICRA may apply + or - signs for ratings to reflect a comparative standing within the category.

BG-Bank Guarantee; CC-Cash Credit; CCPS-Cumulative Convertible Preference Share; CD-Certificate
of Deposit; CLO-Collateralized Loan Obligation; CPA-Claims Paying Ability; CP-Commercial
Paper; CPS-convertible preference shares; CRPS- Cumulative Redeemable Convertible Preference
shares; DDB-Deep Discount Bond; EPBI-Exchange premium bond; FBL-Fund Based Limits; FRB/FRN
-Floating Rate Bond/Note; ICD -Inter Corporate Deposit; ITD-Immediate Term Debt; LOC-Letter of
Credit; LT -Long Term; LTB -Long Term Borrowing; LTD -Long Term Debt; MOCD-multiple option
convertible debenture; MTD -Medium term Debenture; MTN-medium term notes; NCD(SO) -
Non-Convertible Debenture-(Structured Obligation); NCD-Non-convertible Debentures; NCRB-Non
Convertible Redeemable Bonds; NM-Not Meaningful; OCD-optionally convertible debenture; OD-Over
Draft; OFCD-Optionally Fully Convertible Debenture; PCD-Partially Convertible Debenture;
PCN-partly convertible notes; PCPS-Partly Convertible Preference Share; POCD-partly optional;
PP-privately placed; PSPC-Post Shipment & Packing Credit; PS-Preference Shares; PTC-Pass
Through Certificates; RPS-Redeemable Preference Shares; SCPN-secured convertible preference
notes; SDO-Structured Debt Obligation; SLR-Statutory Liquidity Ratio; SO-Structured
Obligation; SPCD - Secured Partly Convertible Debentures; SPN-secured premium notes; STB-Short
Term Bond; STD-Short Term Debentures; ST-Short Term; Sub. Bonds-Subordinate Bonds; TB-Taxable
Bond; TFB-Tax Free Bond; TL-Term Loan; TOCD-triple option convertible debentures.

(Mumbai Rate Reporting Unit + 91 22 6180 7222 / 3317 7222 , E-mail at
rru.data@thomsonreuters.com)

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