February 28, 2017 / 10:30 AM / 5 months ago

ICRA ratings for Indian debt instruments-Feb 28

8 Min Read

    Feb 28 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of February 27, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Adani Ports And Special                 CP                    ICRA A1+     67000   Reaffirmed
Economic Zone Ltd
Gini Silk Mills Ltd                     Non-FBL               ICRA A3      3.5     Revised from
                                                                                   ICRA A3
Haldiram Foods International            Non-FBL               ICRA A1+     30      Reaffirmed
Pvt Ltd
Ifci Ltd                                CP                    ICRA A1+     5000    Reaffirmed
Kddl Ltd                                Non-FBL               ICRA A3+     120     Assigned
Meghalaya Cements Ltd                   CP                    ICRA A1      500     Assigned
Quantum Asset Management                Quantum Liquid Fund   ICRA A1+mfs  -       Reaffirmed
Company Pvt Ltd
Radha Madhav Exim Ltd                   LC Limits             ICRA A3+     195     Reaffirmed
Sri Someshwara Fertilizers And          ST - Non Fund based - ICRA A4      100.7   Reaffirmed
Chemicals                               BG


MEDIUM TERM RATINGS:
-------------------
Kddl Ltd                                Fixed Deposit         MA-          150     Assigned



LONG TERM RATINGS:
-------------------
Adani Ports And Special                 Bk Fac                ICRA AA+     100200  Reaffirmed
Economic Zone Ltd
Adani Ports And Special                 NCD                   ICRA AA+     53340   Reaffirmed
Economic Zone Ltd
Gini Silk Mills Ltd                     FBL                   ICRA BB+     110.4   Revised from
                                                                                   ICRA BBB-
Great Value Fuels Pvt Ltd               LT Fund based         ICRA BB+     1131    Reaffirmed
Great Value Fuels Pvt Ltd               LT: Non-fund based    ICRA BB+     100     Reaffirmed
Great Value Fuels Pvt Ltd               LT: Unallocated       ICRA BB+     169     Reaffirmed
Haldiram Foods International            FBL                   ICRA AA      200     Reaffirmed
Pvt Ltd
Ifci Ltd                                LT Bk borrowings      ICRA A       100000  Downgraded
                                                                                   from ICRA A+
Ifci Ltd                                LT bonds              ICRA A       80000   Downgraded
                                                                                   from ICRA A+
Ifci Ltd                                Bonds/NCD programme   ICRA A       20000   Downgraded
                                                                                   from ICRA A+
Infoline Finance Ltd                    PTCs                  ICRA AAA     840.8   Withdrawn
Kddl Ltd                                FBL                   ICRA BBB     330     Assigned
Kranthi Edifice Pvt Ltd                 CC                    ICRA BB      120     Reaffirmed
Kranthi Edifice Pvt Ltd                 BG                    ICRA BB      1100    Reaffirmed
Manjeera Constructions Ltd              FBL                   ICRA C       150     Downgraded
                                                                                   from ICRA B-
Manjeera Constructions Ltd              LT Non Fund based     ICRA C       300     Downgraded
                                                                                   from ICRA B-
Manjeera Constructions Ltd              LT: Unallocated       ICRA C       150     Downgraded
                                                                                   from ICRA B-
Manjeera Retail Holdings Pvt            FBL                   ICRA D       3000    Reaffirmed
Ltd
Manjeera Retail Holdings Pvt            LT: Unallocated       ICRA D       140     Reaffirmed
Ltd
Meghalaya Cements Ltd                   FB Fac                ICRA A       350     Assigned
Mid India Creations                     LT FB TL              ICRA B+      1050    Upgraded to
                                                                                   ICRA BB-
Navalakha Translines                    LT: Fund based        ICRA BB+     40      Assigned
Navalakha Translines                    LT: Fund based/Non-FBLICRA BB+     210     Assigned
Quantum Asset Management                Quantum Dynamic Bond  ICRA AAAmfs  -       Reaffirmed
Company Pvt Ltd                         Fund
Radha Madhav Exim Ltd                   Working Capital LimitsICRA BBB     5       Reaffirmed
Sri Someshwara Fertilizers And          LT - Fund based - CC  ICRA B+      120     Reaffirmed
Chemicals
State Bank Of Bikaner & Jaipur          Basel II compliant    ICRA AAA     5000    Reaffirmed
                                        Lower Tier II bonds
State Bank Of Bikaner & Jaipur          Basel II compliant    ICRA AAA     5000    Withdrawn
                                        Lower Tier II bond
State Bank Of Bikaner & Jaipur          Basel III compliant   ICRA AAA     2000    Reaffirmed
                                        Tier II bond          (hyb)
State Bank Of Bikaner & Jaipur          Basel III compliant   ICRA AAA     7500    Withdrawn
                                        Tier II bonds         (hyb)
Vijaya Raja Rajeswari                   Unallocated Limits    ICRA B+      100     Assigned
Constructions Pvt Ltd
--------------------------------------------------------------------------------------------
$: 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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below