March 15, 2017 / 10:28 AM / 5 months ago

ICRA ratings for Indian debt instruments-Mar 15

   Mar 15 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of March 14, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Escorts Ltd                             Non FB Fac            ICRA A1      4190    Reaffirmed
(reduced from 613.0 CR)
Escorts Ltd                             CP                    ICRA A1      1000    Reaffirmed
(enhanced from 50.0 CR)
Escorts Ltd                             Non FB Fac            ICRA A1      4190    Reaffirmed
Escorts Ltd                             CP                    ICRA A1      1000    Reaffirmed
Merit Technologies India Ltd            ST: Non-FB Fac        ICRA A4      100     Reaffirmed
Merit Technologies India Ltd            ST: Non-FB Fac        ICRA A4      100     Reaffirmed
Ntl Steels                              NFBL                  ICRA A4+     30      Upgraded
                                                                                   from ICRA A4
Ntl Steels                              Non-FBL               ICRA A4+     30      Upgraded
                                                                                   from ICRA A4
Pacific Development                     Non-FB Limits         ICRA A2+     180     Reaffirmed
Corporation Ltd
Pacific Development                     NFBL                  ICRA A2+     180     Reaffirmed
Corporation Ltd
Unicare Emergency Equipment             ST FBL                ICRA A4      2.5     Reaffirmed
Pvt Ltd
Unicare Emergency Equipment             ST NFBL               ICRA A4      63.5    Reaffirmed
Pvt Ltd
Unicare Emergency Equipment             ST FBL                ICRA A4      2.5     Reaffirmed
Pvt Ltd
Unicare Emergency Equipment             ST NFBL               ICRA A4      63.5    Reaffirmed
Pvt Ltd
Vaibhav Gems                            ST - FB Limit         ICRA A4      60      Reaffirmed
Vaibhav Gems                            ST - FB Limit         ICRA A4      60      Reaffirmed


LONG TERM RATINGS:
-------------------
Escorts Ltd                             TL                    ICRA A       2025    Upgraded
                                                                                   from ICRA A-
(reduced from 257.0 CR)
Escorts Ltd                             TL                    ICRA A       2025    Rating
                                                                                   upgraded
                                                                                   from ICRA A-
Escorts Ltd                             Unallocated           ICRA A       280     Long term
                                                                                   Rating
                                                                                   upgraded 
                                                                                   from ICRA A-
Escorts Ltd                             FB Fac                ICRA A /     4780    Upgraded
                                                              ICRA A1              from ICRA A-
Escorts Ltd                             Unallocated           ICRA A /     280     Upgraded
                                                              ICRA A1              from ICRA A-
(reduced from 73.0 CR)
Escorts Ltd                             FB Fac                ICRA A /     4780    Rating
                                                              ICRA A1              upgraded
                                                                                   from ICRA A-
                                                                                   /Reaffirmed
Gururamdas Knit Fab                     FBL                   ICRA B       71.8    Reaffirmed
Gururamdas Knit Fab                     FBL                   ICRA B       71.8    Reaffirmed
Gururamdas Knit Fab                     Unallocated Limit     ICRA B /     6.7     Assigned
                                                              ICRA A4
(reduced from 7.85 CR)
Gururamdas Knit Fab                     Unallocated Limit     ICRA B /     6.7     Reaffirmed
                                                              ICRA A4
Merit Technologies India Ltd            LT: FB Fac – CC       ICRA BB-     10      Reaffirmed
Merit Technologies India Ltd            LT: FB Fac – CC       ICRA BB-     10      Reaffirmed
Ntl Steels                              FBL                   ICRA BB+     229     Upgraded
                                                                                   from
                                                                                   ICRA BB-
Ntl Steels                              FB Limits             ICRA BB+     229     upgraded
                                                                                   from
                                                                                   ICRA BB-
Pacific Development                     Proposed LT Limits    -            -       -
Corporation Ltd
(revised from 12 CR)
Pacific Development                     TL                    ICRA A-      8320    Reaffirmed
Corporation Ltd
(revised from 370 CR)
Pacific Development                     TL                    ICRA A-      8320    Reaffirmed
Corporation Ltd
Salarpuria Properties Pvt Ltd           LT: TL                ICRA A       910     Reaffirmed
(revised from 83.00 CR)
Salarpuria Properties Pvt Ltd           LT: FBL (Note)        ICRA A       910     Reaffirmed
(revised from 82.00 CR)
Salarpuria Properties Pvt Ltd           LT: NFBL              ICRA A       843.7   assigned
Salarpuria Properties Pvt Ltd           LT: Proposed limits   ICRA A       5       Reaffirmed
(revised from 35.00 CR)
Salarpuria Properties Pvt Ltd           LT: TL                ICRA A       910     Reaffirmed
Salarpuria Properties Pvt Ltd           LT: FBL (Note)        ICRA A       910     Reaffirmed
Salarpuria Properties Pvt Ltd           LT: NFBL              ICRA A       843.7   Assigned
Salarpuria Properties Pvt Ltd           LT: Proposed limits   ICRA A       5       Reaffirmed
Smi Coated Products Pvt Ltd             FBL                   ICRA BBB-    20      Reaffirmed
Smi Coated Products Pvt Ltd             Unallocated           ICRA BBB-    130     Reaffirmed
Smi Coated Products Pvt Ltd             FB Limits             ICRA BBB-    20      Reaffirmed
Smi Coated Products Pvt Ltd             Unallocated Limits    ICRA BBB-    130     Reaffirmed
                                                              / ICRA A3
Surya Sri Rice Mill                     LT - FB Fac           ICRA BB-     475.1   Reaffirmed
Surya Sri Rice Mill                     LT – Non FB Fac       ICRA BB-     11.5    Reaffirmed
Surya Sri Rice Mill                     LT Unallocated Fac    ICRA BB-     3.4     Reaffirmed
Unicare Emergency Equipment             LT FBL – CC           ICRA BB      90      Reaffirmed
Pvt Ltd
(enhanced from 7.50 CR)
Unicare Emergency Equipment             LT Unallocated Limits ICRA BB      3       Reaffirmed
Pvt Ltd
Unicare Emergency Equipment             LT FBL – CC           ICRA BB      90      Reaffirmed
Pvt Ltd
Unicare Emergency Equipment             LT Unallocated Limits ICRA BB      3       Reaffirmed
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