March 31, 2017 / 10:43 AM / 5 months ago

ICRA ratings for Indian debt instruments-Mar 31

    Mar 31 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of March 30, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Ashwin Vanaspati Industries             ST-Proposed           ICRA A4+     40      Withdrawn
Pvt Ltd
Consolidated Construction               ST, FB Fac            ICRA D       190     Reaffirmed
Consortium Ltd
Consolidated Construction               ST, Non FB Fac        ICRA D       1275    Reaffirmed
Consortium Ltd
Dugar Polymers Ltd                      NFBL                  ICRA A4      55      Reaffirmed
Ecl Finance Ltd                         CP Programme (IPO     ICRA A1+     20000   Assigned
                                        financing)
Ecl Finance Ltd                         CP                    ICRA A1+     36000   Outstanding
Ecl Finance Ltd                         ST NCD                ICRA A1+     1000    Outstanding
Ecl Finance Ltd                         CP Programme (IPO     ICRA A1+     50000   Outstanding
                                        financing)
Ecl Finance Ltd                         ST Equity linked      PP-MLD ICRA  9000    Outstanding
                                        Debenture             A1+
Edelweiss Commodities Services          CP Programme (IPO     ICRA A1+     30000   Assigned
Ltd                                     financing)
Edelweiss Commodities Services          CP Programme (IPO     ICRA A1+     60000   Outstanding
Ltd                                     financing)
Edelweiss Commodities Services          ST NCD                ICRA A1+     1000    Outstanding
Ltd
Edelweiss Commodities Services          ST Equity linked      PP-MLD ICRA  5000    Outstanding
Ltd                                     Debenture             A1+
Edelweiss Financial Services            CP Programme (IPO     ICRA A1+     20000   Assigned
Ltd                                     financing)
Edelweiss Financial Services            CP Programme (IPO     ICRA A1+     45000   Outstanding
Ltd                                     financing)
Edelweiss Financial Services            CP                    ICRA A1+     50000   Outstanding
Ltd
Edelweiss Financial Services            ST NCD                ICRA A1+     1000    Outstanding
Ltd
Export Import Bank Of India             ST Debt Programme     ICRA A1+     15397.25Outstanding
Indian Overseas Bank                    CD                    ICRA A1      150000  Outstanding
Jet Airways (India) Ltd                 ST, Non- FB           ICRA A3      39500   Outstanding
Punjab And Sind Bank                    CDs Programme         ICRA A1+     100000  Reaffirmed
Surya Roshni Ltd                        CP Programme          ICRA A1+     65      Reaffirmed
Surya Roshni Ltd                        CP Programme          ICRA A1+     50      Reaffirmed
Surya Roshni Ltd                        CP Programme          ICRA A1+     180     outstanding
Surya Roshni Ltd                        Proposed CP Programme Provisional  5       outstanding#
                                                              ICRA A1+
# Validity of the Provisional       A1+(SO) rating outstanding for the Rs. 5-crore proposed CP
programme of the company has been extended by 60 days, up to May 30, 2017
Winwind Power Energy Pvt Ltd            ST, Non fund based    ICRA D       169.94  Reaffirmed
                                        facilities
Zodiac Clothing Co. Ltd                 ST, FB limits         ICRA A1      700     Revised from
                                                                                         A1+
Zodiac Clothing Co. Ltd                 ST, non-FB Fac        ICRA A1      100     Revised from
                                                                                         A1+
Zodiac Clothing Co. Ltd                 CP                    ICRA A1      200     Revised from
                                                                                         A1+



MEDIUM TERM RATINGS:
-------------------
Export Import Bank Of India             Fixed Deposits        MAAA         -       Outstanding
                                        Programme



LONG TERM RATINGS:
-------------------
Aditya Birla Fashion And                Long-TL               ICRA AA      377.39  Reaffirmed
Retail Ltd
Aditya Birla Fashion And                Long-TL               ICRA AA      750     Withdrawn
Retail Ltd
Aditya Birla Fashion And                LT, fund based /      ICRA AA      541     Reaffirmed
Retail Ltd                              non-FBL
Aditya Birla Fashion And                LT, unallocated       ICRA AA      331.61  Assigned
Retail Ltd
Aditya Birla Fashion And                NCD programme         ICRA AA      860     Assigned
Retail Ltd
Aditya Birla Fashion And                NCD programme         ICRA AA      400     Reaffirmed
Retail Ltd
Aditya Birla Fashion And                NCD programme         ICRA AA      200     Withdrawn
Retail Ltd
Aditya Birla Fashion And                CP programme          ICRA AA      1250    Reaffirmed
Retail Ltd
Ashwin Vanaspati Industries             LT-Proposed           ICRA BB+     50      Withdrawn
Pvt Ltd
Consolidated Construction               LT, FB Fac            ICRA D       380     Reaffirmed
Consortium Ltd
Consolidated Construction               LT, TL                ICRA D       72.05   Reaffirmed
Consortium Ltd
Consolidated Construction               Proposed Fac          ICRA D       45      Reaffirmed
Consortium Ltd
Consolidated Construction               NCDs                  ICRA D       50      Reaffirmed
Consortium Ltd
Dugar Polymers Ltd                      FBL                   ICRA BB-     355.9   Reaffirmed
Dugar Polymers Ltd                      Unallocated Limits    ICRA BB-     9.1     Reaffirmed
Ecl Finance Ltd                         NCD                   ICRA AA      63500   Outstanding
Ecl Finance Ltd                         Sub Debt              ICRA AA      6500    Outstanding
Ecl Finance Ltd                         Bk Lines              ICRA AA      57000   Outstanding
                                                              (stable)/A1
Ecl Finance Ltd                         LT Equity linked      PP-MLD ICRA  13500   Outstanding
                                        Debenture             AA
Edelweiss Commodities Services          NCD                   ICRA AA      37000   Outstanding
Ltd
Edelweiss Commodities Services          Bk Lines              ICRA AA      20000   Outstanding
Ltd
Edelweiss Financial Services            NCD                   ICRA AA      5000    Outstanding
Ltd
Export Import Bank Of India             Basel III compliant   ICRA AA+     1100    Assigned
                                        Additional Tier-I bond(Hyb)
Export Import Bank Of India             LT Bonds Programme    ICRA AAA     31564.1 Outstanding
Export Import Bank Of India             Bk Lines              ICRA AAA     3000    Outstanding
Export Import Bank Of India             Certificates of       ICRA AAA     15397.25Outstanding
                                        Deposit Programme     / ICRA A1+
Indian Overseas Bank                    Upper Tier-II Bonds   ICRA A-      5000    Withdrawn
Indian Overseas Bank                    Perpetual Bonds       ICRA A-      800     Withdrawn
Indian Overseas Bank                    Upper Tier-II Bonds   ICRA A-      21323   Outstanding
Indian Overseas Bank                    Perpetual Bond        ICRA A-      3000    Outstanding
Indian Overseas Bank                    Lower Tier-II Bonds   ICRA A+      5000    Withdrawn
Indian Overseas Bank                    Lower Tier-II Bonds   ICRA A+      15900   Outstanding
Indian Overseas Bank                    Tier-II Bonds - Basel ICRA A+      8000    Outstanding
                                        III                   (Hyb)
Jet Airways (India) Ltd                 Long-TL               ICRA BBB-    35747   Assigned /
                                                                                   outstanding
Jet Airways (India) Ltd                 NCD                   ICRA BBB-    6989    Outstanding
Jet Airways (India) Ltd                 LT, FB Fac            ICRA BBB-    6450    Outstanding
Jet Airways (India) Ltd                 LT, non-fund based    ICRA BBB-    6000    Outstanding
K. Venkata Raju Engineers And           FBL                   ICRA B+      90      Reaffirmed
Contractors Pvt Ltd
K. Venkata Raju Engineers And           NFBL                  ICRA B+      250     Reaffirmed
Contractors Pvt Ltd
Madhusudan Garai                        FBL                   ICRA B       3       Reaffirmed
Madhusudan Garai                        NFBL                  ICRA B       3.5     Reaffirmed
Punjab And Sind Bank                    Basel II Compliant    ICRA AA      11750   Reaffirmed
                                        Lower Tier II Bonds
Sahara Industries                       FBL                   ICRA B       116.3   Reaffirmed
Sahara Industries                       Unallocated Limits    ICRA B       13      Reaffirmed
Sri Nukala Rama Koteswara Rao           TL                    ICRA BB      36.2    Reaffirmed
Textiles Pvt Ltd
Sri Nukala Rama Koteswara Rao           CC                    ICRA BB      500     Reaffirmed
Textiles Pvt Ltd
Sri Nukala Rama Koteswara Rao           Unallocated           ICRA BB /    383.8   Reaffirmed
Textiles Pvt Ltd                                              A4
Tulip Telecom Ltd                       NCD                   ICRA D       1500    Reaffirmed
Winwind Power Energy Pvt Ltd            LT, FB Fac            ICRA D       150     Reaffirmed
Winwind Power Energy Pvt Ltd            LT, TL                ICRA D       288.22  Reaffirmed


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