April 13, 2017 / 10:52 AM / 3 months ago

ICRA ratings for Indian debt instruments-Apr 13

10 Min Read

   Apr 13 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of April 12, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Aryan Paper Mills Pvt Ltd               Non Fund Based - LOC  ICRA A3     40       Reaffirmed
Aryan Paper Mills Pvt Ltd               Non Fund Based -CEL   ICRA A3     3.3      Reaffirmed
Gugan Knitwears Pvt Ltd                 ST: Non-fund based    ICRA A4+     260     Upgraded
                                                                                   from ICRA A4
Hero Fincorp Ltd                        ST debt/CP Programme  ICRA A1+     2500    Reaffirmed
Hero Fincorp Ltd                        ST Bk Limits          ICRA A1+     1500    Reaffirmed
Powertech Engineers                     Non-FB Limits         ICRA A4+     760     Reaffirmed
Ravi Dyeware Company Pvt Ltd            ST NFBL               ICRA A2+     230     Assigned
Siddharth Colorchem Pvt Ltd             ST FBL                ICRA A2+     355     Assigned
Siddharth Colorchem Pvt Ltd             ST NFBL               ICRA A2+     554.8   Assigned
Tata Metaliks Ltd                       Non-fund based Bk Fac ICRA A1+     6480    upgraded
                                                                                   from ICRA A1
Triveni Engineering &                   NFBL                  ICRA A1      3583.4  Assigned
Industries Ltd
Triveni Engineering &                   CP/ ST Debt Programme ICRA A1      250     Outstanding
Industries Ltd

MEDIUM TERM RATINGS:
-------------------
Aryan Paper Mills Pvt Ltd               Medium Term – Fixed   MA-          30      Reaffirmed
                                        Deposit Programme
LONG TERM RATINGS:
-------------------
Aryan Paper Mills Pvt Ltd               Fund Based- CC        ICRA BBB-    70      Reaffirmed
Aryan Paper Mills Pvt Ltd               Fund Based- TL        ICRA BBB-    185     Reaffirmed
Aryan Paper Mills Pvt Ltd               LT/ST unallocated     ICRA BBB-    5.4     Reaffirmed
                                                               / A3
Bliss Hotels Ltd                        TL Fac                ICRA BB      382.9   Reaffirmed
Bliss Hotels Ltd                        LT FB Fac             ICRA BB      6       Reaffirmed
Bliss Hotels Ltd                        LT unallocated        ICRA BB      11.1    Reaffirmed
Dlf Assets Pvt Ltd                      Fund Based            ICRA A(SO)   5980    Reaffirmed
Dlf Assets Pvt Ltd                      Fund Based            Provisional  4000    Reassigned
                                                              ICRA A(SO)
Dlf Cyber City Developers Ltd           Fund Based            ICRA A(SO)   22420   Reaffirmed
Dlf Cyber City Developers Ltd           Fund Based            ICRA A(SO)   37070   Reaffirmed
Dlf Home Developers Ltd                 FBL                   ICRA A(SO)   8640    Reaffirmed
Dlf Utilities Ltd                       FBL                   ICRA A(SO)   15890   Reaffirmed
Eastern India Powertech Ltd             TL                    ICRA A(SO)   7000    Reaffirmed
Grama Vidiyal Microfinance Ltd          PTC Series A          ICRA A+(SO)  790     Withdrawn
-Indian Mfi Trust Series Xxvii
Grama Vidiyal Microfinance Ltd          PTC Series A1         ICRA A(SO)   793.9   Withdrawn
-Indian Mfi Trust Series Xxviii
Gugan Knitwears Pvt Ltd                 LT: TL                ICRA BB+     56.2    Upgraded
                                                                                   from ICRA BB-
Gugan Knitwears Pvt Ltd                 LT: CC                ICRA BB+     45      Upgraded
                                                                                   from ICRA BB-
Gugan Knitwears Pvt Ltd                 LT: Unallocated Fac   ICRA BB+     157.2   Upgraded
                                                                                   from ICRA BB-
Hero Fincorp Ltd                        LT FB Fac             ICRA AA+     63500   Reaffirmed
Hero Fincorp Ltd                        NCD Programme         ICRA AA+     8000    Assigned
Hero Fincorp Ltd                        NCD Programme         ICRA AA+     16000   Reaffirmed
Hero Fincorp Ltd                        Subordinated Debt     ICRA AA+     4000    Reaffirmed
                                        Programme
L&T Finance Ltd                         Perpetual Debt        ICRA AA      3000    Withdrawn
                                        Programme
L&T Finance Ltd                         NCD Programme         ICRA AA+     45007   Withdrawn
L&T Finance Ltd                         Subordinated Debt     ICRA AA+     6000    Withdrawn
                                        Programme
L&T Fincorp Ltd                         Perpetual Debt        ICRA AA      2000    Withdrawn
                                        Programme
L&T Fincorp Ltd                         NCD Programme         ICRA AA+     12000   Withdrawn
L&T Fincorp Ltd                         Subordinated Debt     ICRA AA+     4000    Withdrawn
                                        Programme
Lodhi Property Co. Ltd                  FBL                   ICRA A(SO)   1500    Reaffirmed
North East Transmission Co.             TL                    ICRA AA      15270.1 Reaffirmed
Ltd.
North East Transmission Co.             Unallocated           ICRA AA      1133    Reaffirmed
Ltd.
Powertech Engineers                     FB Limits             ICRA BB      50      Reaffirmed
Rai Bahadur Raghbir Singh               FB Limits             ICRA B+      154.1   Revised from
Educational Society                                                                ICRA BB-
Ravi Dyeware Company Pvt Ltd            LT/ST FBL             ICRA A-      550     Assigned
                                                                /
                                                              ICRA A2+
Siddharth Colorchem Pvt Ltd             LT FBL                ICRA A-      5       Assigned
Somatheeram Ayurvedic Hospital          TL                    ICRA BBB-    130     Reaffirmed
And Yoga Centre Pvt Ltd
Somatheeram Ayurvedic Hospital          LT – Fund Based       ICRA BBB-    10      Reaffirmed
And Yoga Centre Pvt Ltd                 (optionally
                                        convertible debenture)
Somatheeram Ayurvedic Hospital          LT – Unallocated      ICRA BBB-    10      Reaffirmed
And Yoga Centre Pvt Ltd
Tata Capital Housing Finance            NCDs Programme        ICRA AA+     15000   assigned
Ltd
Tata Capital Housing Finance            NCDs Programme        ICRA AA+     9000    Outstanding
Ltd
Tata Capital Housing Finance            Subordinated Debt     ICRA AA+     11000   Outstanding
Ltd                                     Programme
Tata Metaliks Ltd                       FB Bk Fac             ICRA A+      1480    Reaffirmed
Tata Metaliks Ltd                       TL                    ICRA A+      1716.7  Reaffirmed
Triveni Engineering &                   FBL 1425.00           ICRA A       14250   Assigned
Industries Ltd
Triveni Engineering &                   TL                    ICRA A       2927.6  Outstanding
Industries 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)

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