Reuters logo
ICRA ratings for Indian debt instruments-Feb 3
February 3, 2017 / 10:52 AM / 8 months ago

ICRA ratings for Indian debt instruments-Feb 3

Feb 3 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of February 2, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Beml Ltd                                Non-FB Fac - LC       ICRA A1+    5500    Outstanding
K. S. Fiber                             Non-Fund Based - FLC  ICRA A4             Reaffirmed
Mecon Ltd                               Secured Overdraft     ICRA A2     400     Revised from
                                                                                  ICRA A2+
Mecon Ltd                               ST FB unallocated     ICRA A2     50      Revised from
                                                                                  ICRA A2+
Perfecto Electricals                    Non-FBL               ICRA A4     280     Assigned
Pricol Technologies Ltd                 ST FB Fac - sub limit ICRA A3+            Reaffirmed
Pricol Technologies Ltd                 ST non FB Fac - sub   ICRA A3+            Reaffirmed
                                        limit
Rural Electrification                   ST borrowing          ICRA A1+    20000*  Outstanding
Corporation Ltd                         programme FY2017
*Short- term borrowings are interchangeable with long-term borrowings, subject to 
the total borrowings in FY2017 not exceeding Rs. 22,000 crore
Sbi Funds Management Pvt Ltd            SBI Magnum Income     ICRA A1+            Withdrawn
                                        Fund Floating Rate    mfs
                                        Plan - Savings Plus Bond Plan
Superfil Products Pvt Ltd               ST - FB Fac           ICRA A2+    40      Upgraded
                                                                                  from ICRA A2
Superfil Products Pvt Ltd               ST - Non FB Fac       ICRA A2+    170     Upgraded
                                                                                  from ICRA A2
Tata Business Support Services          ST: Non-FBL           ICRA A1+    350     Reaffirmed
Ltd
Tata Business Support Services          CP Programme          ICRA A1+    500     Reaffirmed
Ltd
Unique Structures And Towers            Non-FBL               ICRA A4+    927     Reaffirmed
Ltd

MEDIUM TERM RATINGS:
-------------------
Seyad Shariat Finance Ltd               Fixed Deposits        MA-                  Reaffirmed

LONG TERM RATINGS:
-------------------
Beml Ltd                                FB Fac                ICRA A+     10000   Outstanding
Beml Ltd                                Non-FB Fac - BG       ICRA A+     12000   Outstanding
Beml Ltd                                NCD                   ICRA A+     3000    Outstanding
Cholamandalam Investment And            Second Loss Facility  Provisional  83     Assigned
Finance Co. Ltd - Platinum                                    ICRA A (SO)
Trust
January 2017
Cholamandalam Investment And            PTC Series A          Provisional  2242.7 Assigned
Finance Co. Ltd - Platinum                                    ICRA AAA
Trust January 2017                                            (SO)
Durga Projects And                      LT- Unallocated       ICRA  BB+   500     Upgraded
Infrastructure Pvt Ltd                                                            from ICRA BB
Durga Projects And                      LT-Fund Based-TL      ICRA  BB+   400     Assigned
Infrastructure Pvt Ltd
Goyal Agro Foods                        FBL                   ICRA B      290     Reaffirmed
Goyal Agro Foods                        Unallocated Limits    ICRA B      10      Reaffirmed
Itd Cementation India Ltd               TL                    ICRA A-     1000    Outstanding
Itd Cementation India Ltd               FBL                   ICRA A-     8000    Outstanding
Itd Cementation India Ltd               NFBL                  ICRA A- /   40000   Assigned /
                                                              ICRA  A1            outstanding
K. S. Fiber                             FBL - TL              ICRA B      161     Reaffirmed
K. S. Fiber                             FBL - CC              ICRA B      80      Reaffirmed
Mecon Ltd                               BG                    ICRA BBB    2350    Revised from
                                                                                  ICRA BBB+
Mecon Ltd                               LOC                   ICRA BBB    400     Revised from
                                                                                  ICRA BBB+
Mecon Ltd                               LT non-fund based     ICRA BBB    50      Revised from
                                        unallocated                               ICRA BBB+
Perfecto Electricals                    FBL                   ICRA B      75      Assigned
Power Cable Industries                  CC                    ICRA B      75      Assigned
Pricol Technologies Ltd                 LT FB Fac             ICRA BBB    100     Reaffirmed
Rural Electrification                   LT borrowing          ICRA AAA    200000* Assigned
Corporation Ltd                         programme FY2017
*Short- term borrowings are interchangeable with long-term borrowings, subject to
 the total borrowings in FY2017 not exceeding Rs. 22,000 crore
Sbi Funds Management Pvt Ltd            SBI Magnum Income FundICRA AAAmfs         Withdrawn
Shri Siddhbali Agro Industries          FB Limits             ICRA B      58.1    Reaffirmed
Shri Siddhbali Agro Industries          Unallocated (Proposed ICRA B      1.9     Reaffirmed
                                        Limits)
Shri Siddhbali Agro Industries          FB Limits             ICRA B      58.1    Reaffirmed
Shri Siddhbali Agro Industries          Unallocated (Proposed ICRA B      1.9     Reaffirmed
                                        Limits)
Superfil Products Pvt Ltd               LT - TL Fac           ICRA BBB+   56.5    Reaffirmed
Superfil Products Pvt Ltd               LT - FB Fac           ICRA BBB+   120     Reaffirmed
Superfil Products Pvt Ltd               LT - Unallocated      ICRA BBB+   13.5    Reaffirmed
                                        limits
Tata Business Support Services          LT: FBL               ICRA A+     430     Reaffirmed
Ltd
Tata Housing Development Co.            NCD                   ICRA AA     4000    Withdrawn
Ltd
Tata Housing Development Co.            NCD                   ICRA AA     6000    Outstanding
Ltd
Tata Housing Development Co.            NCD                   ICRA AA     7000    Outstanding
Ltd
Ujjivan Financial Services Ltd          PTC Series A1         ICRA A-(SO) 439.5   Withdrawn
-Oread Ifmr
Capital 2015
Ujjivan Financial Services Ltd          PTC Series A2         ICRA BBB+   9.9     Withdrawn
-Oread Ifmr
Capital 2015                                      (SO)
Unique Structures And Towers            FB Limits             ICRA BB+    276.1   Reaffirmed
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)

Our Standards:The Thomson Reuters Trust Principles.
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