April 19, 2017 / 10:11 AM / 4 months ago

ICRA ratings for Indian debt instruments-Apr 19

    Apr 19 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of April 18, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                         (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Abi Showatech India Ltd                 ST non fund based     ICRA A1+     200     Reaffirmed
Kalpesh Corporation                     ST FB Limit           ICRA A4      100     Reaffirmed
Preet Agro Industries Pvt Ltd           Non-FBL               ICRA A2+     30      Upgraded
                                                                                   from ICRA A2
Preet Tractors Pvt Ltd                  Non-FBL               ICRA A2+     90      Upgraded
                                                                                   from ICRA A2
LONG TERM RATINGS:
-------------------
A.M.N. Jewellers Pvt Ltd Ltd            LT: FB Fac            ICRA BBB-    100     Notice of
                                                                                   Withdrawal
Abi Showatech India Ltd                 TL                    ICRA A+      402     Withdrawn
Abi Showatech India Ltd                 LT-fund based         ICRA A+      550     Reaffirmed
Classic Enterprises Ltd                 CC                    ICRA BB+     50      Reaffirmed
Classic Enterprises Ltd                 TL                    ICRA BB+     85      Reaffirmed
Kalpesh Corporation                     LT FB Limits          ICRA BB-     74.3    Upgraded
                                                                                   from ICRA B+
Kalpesh Corporation                     Unallocated Limit     ICRA BB- /   4.4     Upgraded
                                                              ICRA A4              from ICRA B+
                                                                                   /Reaffirmed
Laxmi Oil & Vanaspati Pvt Ltd           LT: FB : CC           ICRA BBB-    300     Reaffirmed
Nav Vidya Society For                   FB Limits             ICRA BB-     543.5   Reaffirmed
Education Research & Training
Paratus Real Estate Pvt Ltd             FB Limits             ICRA B+      180     Revised from
                                                                                   ICRA BB-
Piccadily Holiday Resorts Ltd           LT FB TL              ICRA BBB     280     Upgraded
                                                                                   from ICRA
                                                                                   BBB-
Preet Agro Industries Pvt Ltd           FBL                   ICRA BBB+    120     Reaffirmed
Preet Tractors Pvt Ltd                  FBL                   ICRA BBB+    110     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)

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