March 10, 2017 / 10:44 AM / 7 months ago

ICRA ratings for Indian debt instruments-Mar 10

    Mar 10 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of March 9, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Bafna Ginning And Pressing Pvt          Non-fund based Bk Fac ICRA A4      30      Reaffirmed
Ltd                                     (Working Capital)
Cr Retail Malls (India) Ltd             CP programme          ICRA A1+     5000    Assigned
Geeco Enercon Pvt Ltd                   ST - Non-FB Fac       ICRA A4      80      Reaffirmed
Lic Mutual Fund Asset                   LIC MF Liquid Fund    ICRA A1+mfs  -       Reaffirmed
Ind Swift Laboratories Ltd              ST: Non FB limits     ICRA D       2650    Reaffirmed
Management Ltd
Madura Microfinance Ltd                 MFI Grading           M2           -       Assigned
Nahar Capital And Financial             ST debt / CP program  ICRA A1+     250     Reaffirmed
Services Ltd
Sri Sai Earth Movers                    ST- Non FBL           ICRA A4      35      Reaffirmed

LONG TERM RATINGS:
-------------------
Bafna Ginning And Pressing Pvt          Fund Based Bk Fac     ICRA B+      200     Reaffirmed
Ltd                                     (Working Capital)
CR Retail Malls (India) Ltd             TL                    ICRA A       790     Outstanding
CR Retail Malls (India) Ltd             Unallocated Limits    ICRA A       10      Outstanding
Dwarikesh Sugar Industries Ltd          LT Non-FBL            ICRA A-      50      Reaffirmed
Dwarikesh Sugar Industries Ltd          FBL                   ICRA A-      2850    Reaffirmed
Dwarikesh Sugar Industries Ltd          LT loans              ICRA A-      1639.3  Reaffirmed
Dwarikesh Sugar Industries Ltd          Unallocated limits- LTICRA A-      1460.6  Reaffirmed
Geeco Enercon Pvt Ltd                   LT – FB Fac           ICRA BB-     220     Reaffirmed
Geeco Enercon Pvt Ltd                   Unallocated           ICRA BB-     20      Reaffirmed
                                                              /ICRA A4
Ifmr Capital Finance Pvt Ltd            PTC Series            Provisional  81.7    Assigned
                                                              ICRA BBB+
Ind Swift Laboratories Ltd              LT: FB limits         ICRA D       9143    Reaffirmed
Ind Swift Laboratories Ltd              LT: Unallocated       ICRA D       342.7   Reaffirmed
LIC Mutual Fund Asset                   LIC MF Bond           ICRA AAA mfs -       Reaffirmed
Management Ltd
LIC Mutual Fund Asset                   LIC MF Cap Protection ICRA AAA     -       Reaffirmed
Management Ltd                          Oriented Fund –       mfs (SO)
                                        Series 4
LIC Mutual Fund Asset                   LIC MF Cap Protection ICRA AAA     -       Reaffirmed
Management Ltd                          Oriented Fund –       mfs (SO)
                                        Series 5
LIC Mutual Fund Asset                   LIC MF Cap Protection ICRA AAA     -       Reaffirmed
Management Ltd                          Oriented Fund –       mfs (SO)
                                        Series 2
LIC Mutual Fund Asset                   LIC MF Cap Protection ICRA AAA     -       Reaffirmed
Management Ltd                          Oriented Fund –       mfs (SO)
                                        Series 3
Shubh Swastik Dal Mill Company          FBL                   ICRA B       60      Reaffirmed
Pvt Ltd
Sri Sai Earth Movers                    LT-CC                 ICRA B+      35      Upgraded
                                                                                   from ICRA B
Sundaram Finance Ltd                    SHRI Trust P 2017     Provisional  5120    Assigned
                                                              ICRA AAA

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