June 5, 2017 / 10:51 AM / in 5 months

ICRA ratings for Indian debt instruments-Jun 5

    Jun 5 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of June 2, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Franklin Templeton Asset                Templeton India       ICRA A1+mfs  -       Reaffirmed
Management (India) Pvt Ltd              Treasury Management
                                        Account
IIFL Real Estate Ltd                    IPO financing         ICRA A1+     20000   Withdrawn
                                        programme
IIFL Real Estate Ltd                    ST debt programme     ICRA A1+     7000    Outstanding
IIFL Wealth Finance Ltd                 CP programme (IPO     ICRA A1+     40000   Withdrawn
                                        financing)
IIFL Wealth Finance Ltd                 CP programme          ICRA A1+     40000   Outstanding
IIFL Wealth Finance Ltd                 CP programme (IPO     ICRA A1+     25000   Outstanding
                                        financing)
IIFL Wealth Management Ltd              Commercialpaper       ICRA A1+     20000   Withdrawn
                                        programme (IPO
                                        financing)
IIFL Wealth Management Ltd              ST Debt programme     ICRA A1+     5000    Outstanding
India Infoline Finance Ltd              IPO financing         ICRA A1+     120000  Withdrawn
                                        programme
India Infoline Finance Ltd              ST debt programme     ICRA A1+     70000   Outstanding
International Tractors Ltd              Bills Purchased under ICRA A1+     100     Reaffirmed
                                        LOC (BPLC)
International Tractors Ltd              NFBL                  ICRA A1+     400     Reaffirmed
(reduced from 70.0CRS)
The Shipping Corporation Of             ST debt programme     ICRA A1+     10000   Reaffirmed
India Ltd
    
LONG TERM RATINGS:
-------------------    
C.I. Finlease Ltd                       FB Limits             ICRA BB-     100     Reaffirmed
Chaitanya India Fin Credit Pvt          PTC Series A2         ICRA A(SO)   -       Upgraded from
Ltd-Arryn Ifmr Capital 2016#                                                       ICRA BBB-(SO)
# PTC A1 in these transactions have been fully amortized and rating has been withdrawn
Chaitanya India Fin Credit Pvt          PTC Series A1         ICRA         -       Upgraded
Ltd-Baratheon Ifmr Capital 2016                               A+(SO)               from ICRA
                                                                                   BBB+(SO)
Chaitanya India Fin Credit Pvt          PTC Series A2         ICRA A(SO)   -       Upgraded
Ltd-Hatlen Ifmr Capital 2016#                                                      from ICRA
                                                                                   BB+(SO)
# PTC A1 in these transactions have been fully amortized and rating has been withdrawn
Chaitanya India Fin Credit Pvt          PTC Series A1         ICRA         -       Reaffirmed
Ltd-Pratham Uc 2016                                           A-(SO)
Chaitanya India Fin Credit Pvt          PTC Series A2         ICRA         -       Reaffirmed
Ltd-Pratham Uc 2016                                           BBB-(SO)
Chaitanya India Fin Credit Pvt          PTC Series A2         ICRA         -       Upgraded
Ltd-Pratham Uc 2016                                           BBB(SO)              from ICRA
                                                                                   BB+(SO) to
Ctrls Datacenters Ltd                   TL                    ICRA A       3160.1  Assigned
Ctrls Datacenters Ltd                   CC                    ICRA A       75      Assigned
Ctrls Datacenters Ltd                   LT/ST Fund based/Non  ICRA A       14.9    Assigned
                                        Fund based            /ICRA A1
Discovery Laboratories Pvt Ltd          FB–CC                 ICRA B       62.5    Reaffirmed
Gujarat Road And                        NCDs (NCDs)           ICRA         3000    Reaffirmed
Infrastructure Co. Ltd                                        AAA(SO)
IIFL Real Estate Ltd                    Unsecured debt        ICRA AA      500     Outstanding
                                        programme
IIFL Real Estate Ltd                    LT debt programme     ICRA AA      7000    Outstanding
IIFL Wealth Finance Ltd                 NCD programme         ICRA AA      3000    Outstanding
IIFL Wealth Finance Ltd                 Unsecured NCD         ICRA AA      5000    Outstanding
                                        programme
IIFL Wealth Finance Ltd                 PP-MLD programme      PP-MLDICRA   25500   Outstanding
                                                              AA
IIFL Wealth Management Ltd              Secured NCD programme ICRA AA      1000    Outstanding
India Infoline Finance Ltd              Sub. Debt Programme   ICRA AA      10000   Withdrawn
India Infoline Finance Ltd              LT Bk lines           ICRA AA      57750   Outstanding
India Infoline Finance Ltd              LT debt programme     ICRA AA      25100   Outstanding
India Infoline Finance Ltd              Secured NCD programme ICRA AA      20000   Outstanding
India Infoline Finance Ltd              Unsecured NCD         ICRA AA      5000    Outstanding
                                        programme
India Infoline Finance Ltd              LT principal          PP-MLDICRA   5000    Outstanding
                                        protected equity      AA
                                        linked debenture programme
India Infoline Finance Ltd              LT principal          PP-MLDICRA   1000    Outstanding
                                        protected market      AA
                                        linked debenture programme
International Tractors Ltd              Unallocated           ICRA AA+     300     Reaffirmed
                                                              /ICRA A1+
International Tractors Ltd              FBL (CC/BPLC)*        ICRA AA+     300     Reaffirmed
                                                              /ICRA A1+
* Cash Credit is one-way convertible to BPLC and has been rated on both long term and short term
scales
Kalya Constructions Pvt Ltd             Overdraft             ICRA B+      60      Assigned
Satish Sugars Ltd                       TL                    ICRA BB      1102    Reaffirmed
Satish Sugars Ltd                       CC                    ICRA BB      698     Reaffirmed
The Sandur Manganese & Iron             LT –Proposed TL       ICRA BBB+    6000    Assigned
Ores Ltd
(enhanced from 100.0CRS)
The Shipping Corporation Of             Issuer Rating         IrAA-        -       Reaffirmed
India Ltd
Vayu Urja Bharat Pvt. Ltd.              TL                    ICRA BBB     8860    Assigned
--------------------------------------------------------------------------------------------
$: 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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