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ICRA ratings for Indian debt instruments-Dec 9
December 9, 2016 / 10:18 AM / 9 months ago

ICRA ratings for Indian debt instruments-Dec 9

Dec 9 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of December 8, 2016.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Anant Promoters And Fincon Pvt          FLC                   ICRA A4      50      Assigned
Ltd
Anant Promoters And Fincon Pvt          Forward Contract      ICRA A4      20      Assigned
Ltd
Bhojwani Universal Impex Pvt            Bk facility           ICRA A4      150     Suspended
Ltd
Metal Impacts Pvt Ltd                   ST-Non Fund based-LC  ICRA A4      60      Reaffirmed
Nabha Power Ltd                         CP Program            ICRA A1+     25500   Reaffirmed
Oriental Hotels Ltd                     ST non-FB Fac         ICRA A1              Reaffirmed
Religare Housing Development            ST Debt programme     ICRA A1+     2000    Reaffirmed
Finance Corporation Ltd
Religare Housing Development            ST Bk Limits          ICRA A1+     2000    Reaffirmed
Finance Corporation Ltd
Sbi Funds Management Pvt Ltd            SBI Magnum Instacash  ICRA A1+mfs          Reaffirmed
                                        Fund
Sbi Funds Management Pvt Ltd            SBI Premier Liquid    ICRA A1+mfs          Reaffirmed
                                        Fund
Sbi Funds Management Pvt Ltd            SBI Ultra ST Debt     ICRA A1+mfs          Reaffirmed
                                        Fund
Sbi Funds Management Pvt Ltd            SBI Magnum Income     ICRA A1+mfs          Notice for
                                        Fund Floating Rate                         Withdrawal
                                        Plan Savings Plus Bond Plan
Sterlite Technologies Ltd               CP                    ICRA A1+     4500    Assigned
enhanced from Rs. 350.00 crore
Vadehra Builders Pvt Ltd                Non-FBL               ICRA A4+     113.2   Reaffirmed
Windlas Healthcare Pvt Ltd              ST - WCDL (sub-limit) ICRA A2+             Notice for
                                                                                   Withdrawal

LONG TERM RATINGS:
-------------------
Asa International India                 Bk Lines - TL         ICRA BBB-    1600    Negative
Microfinance Ltd.                                                                  implications
Ashish Exports                          FB Fac                ICRA B+ /A4  150     Suspended
Diya Systems (Mangalore) Pvt            LT - TL               ICRA BB+     650     Revised from
Ltd                                                                                BBB-
enhanced from 20 CR
Floreat Investments Pvt Ltd             NCD                   ICRA AA (SO) 2000    Reaffirmed
Healthcare Global Enterprises           TL Fac                ICRA BBB+    926.2   Outstanding
Ltd
revised from 323.80 CR
Healthcare Global Enterprises           LT FB Fac             ICRA BBB+    550     Outstanding
Ltd
Healthcare Global Enterprises           LT non-FB Fac         ICRA BBB+    843.8   Outstanding
Ltd
revised from 12 CR
Larsen & Toubro Ltd                     NCD                   ICRA AAA     14500   Reaffirmed
reduced from 2,100 CR
M.G. Contractors Pvt. Ltd.              FBL                   ICRA BBB     526     Reaffirmed
M.G. Contractors Pvt. Ltd.              NFBL                  ICRA BBB     3744    Reaffirmed
Mangilal Agarwal                        FB Fac                ICRA BB-     150     Suspended
Metal Impacts Pvt Ltd                   LT-Fund Based-CC      ICRA BB      110     Reaffirmed
Metal Impacts Pvt Ltd                   LT/ST-Unallocated     ICRA BB /A4  49.8    Reaffirmed
Nabha Power Ltd                         NCDs                  ICRA AAA(SO) 64100   Reaffirmed
Navkar Agro Industries                  CC                    ICRA B       35      Suspended
Navkar Agro Industries                  TL                    ICRA B       16.5    Suspended
Oriental Hotels Ltd                     LT FB Fac             ICRA A+      300     Reaffirmed
Oriental Hotels Ltd                     TL Fac                ICRA A+      152.8   Reaffirmed
Oriental Hotels Ltd                     NCDs                  ICRA A+      2000    Reaffirmed
Religare Housing Development            LT NCD programme      ICRA AA-     1000    Reaffirmed
Finance Corporation Ltd
Religare Housing Development            LT Bk Limits          ICRA AA-     10000   Reaffirmed
Finance Corporation Ltd
Religare Housing Development            Subordinated Debt     ICRA ICRA    1500    Reaffirmed
Finance Corporation Ltd                 programme             AA-
Sbi Funds Management Pvt Ltd            Fund Based Bk Lines   ICRA AAA     90000   Reaffirmed
                                        Programme
Sbi Funds Management Pvt Ltd            SBI Dynamic Bond Fund ICRA AAAmfs          Reaffirmed
Sbi Funds Management Pvt Ltd            SBI Magnum Income     ICRA AAAmfs          Notice for
                                        Fund                                       Withdrawal
Sri Ramalingeswara Rice Mill            Fund based Bk Fac     ICRA B+      150     Suspended
Sterlite Technologies Ltd               NCD                   ICRA AA-     1500    Outstanding
Sterlite Technologies Ltd               TL                    ICRA AA-     5000    Outstanding
Sterlite Technologies Ltd               CC                    ICRA AA-     8050    Outstanding
Sterlite Technologies Ltd               LT / ST NFBL          ICRA AA-     31950   Outstanding
                                                              /A1+
V.R.K. Associates (P) Ltd               TL                    ICRA B       80      Reaffirmed
Vadehra Builders Pvt Ltd                FB Limits             ICRA BB+     280     Reaffirmed
Windlas Healthcare Pvt Ltd              LT - TL               ICRA BBB+    85.2    Withdrawn
Windlas Healthcare Pvt Ltd              LT - CC               ICRA BBB+    50      Notice for
                                                                                   Withdrawal
Windlas Healthcare Pvt Ltd              LT - Unallocated      ICRA BBB+    14.8    Withdrawn
Xo Pack Pvt Ltd                         LT FB Fac             ICRA B       49.2    Suspended
Xo Pack Pvt Ltd                         Unallocated Fac       ICRA B /A4   24.2    Suspended

--------------------------------------------------------------------------------------------
$: 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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