February 9, 2017 / 10:38 AM / 6 months ago

ICRA ratings for Indian debt instruments-Feb 9

8 Min Read

   Feb 9 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of February 8, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Aarti Steels Ltd                        ST – Non-fund Based   ICRA A2+    1900    Upgraded
                                                                                  from ICRA A2
Baldovino                               ST FBL                ICRA A4     100     Assigned
Baldovino                               ST - Interchangeable  ICRA A4             Assigned
Iifl Facilities Services Ltd            ST Debt Programme     ICRA A1+    7000    Assigned
Iifl Facilities Services Ltd            IPO Financing         ICRA A1+    12000   Outstanding
                                        Programme
Iifl Facilities Services Ltd            ST Debt Programme     ICRA A1+    5000    Outstanding
Iifl Facilities Services Ltd            IPO Financing         ICRA A1+    12000   Withdrawn
                                        Programme
Iifl Facilities Services Ltd            IPO Financing         ICRA A1+    12000   Assigned
                                        Programme
India Infoline Ltd                      IPO Financing         ICRA A1+    5000    ASsigned
                                        Programme
India Infoline Ltd                      ST Bk lines           ICRA A1+    6500    Outstanding
India Infoline Ltd                      IPO Financing         ICRA A1+    5000    Withdrawn
                                        Programme
Manubhai Mangaldas Securities           Fund Based Bk Lines   ICRA A4+    40      Assigned
Pvt Ltd
Mukta Industries Pvt Ltd                Non-fund based LOC    ICRA A4     50      Assigned
                                                              (SO)
Mukta Industries Pvt Ltd                FB Discounting of Bill ICRA A4    50      Assigned
                                                              (SO)
Prakash Steel Corporation               Non-fund based LOC#   ICRA A4             Assigned
#Sublimit of Cash Credit Facility
Z V Steels Pvt Ltd                      Non-FBL ^             ICRA A4     100     Reaffirmed
^ Sub-limit of fund-based limit

LONG TERM RATINGS:
-------------------
Aarti Steels Ltd                        LT - FB               ICRA A-     2870    Upgraded
                                                                                  from
                                                                                  ICRA BBB+
Emaar Mgf Land Ltd                      NCD Programme         ICRA D      6000    Withdrawn
Hk Toll Road Pvt Ltd                    TL                    ICRA BBB+   5550    Reaffirmed
Iifl Facilities Services Ltd            Unsecured Debt        ICRA AA     500     Outstanding
                                        Programme
IIFL Facilities Services Ltd            LT Debt Programme     ICRA AA     7000    Outstanding
IIFL Facilities Services Ltd            LT Debt Programme     ICRA AA     7000    Outstanding
IIFL Facilities Services Ltd            Unsecured Debt        ICRA AA     500     Outstanding
                                        Programme
India Infoline Ltd                      LT – Equity linked    PP-MLD       1000   Outstanding
                                        debenture programme   ICRA AA
Km Toll Road Pvt Ltd                    TL                    ICRA BBB-   7890    Reaffirmed
Mandava Holdings Pvt Ltd                NCDs (NCDs)           ICRA AAA    770     Final Rating
                                                              (SO)
Manubhai Mangaldas Securities           Non Fund Based Bk     ICRA BB     220     Assigned
Pvt Ltd                                 Lines
Mukta Industries Pvt Ltd                FB CC                 ICRA BB-    250     Assigned
Prakash Steel Corporation               FB TL                 ICRA BB-    4.4     Assigned
Prakash Steel Corporation               FB CC                 ICRA BB-    150     Assigned
Prakash Steel Corporation               Unallocated Limits    ICRA BB-    5.6     Assigned
                                                              /ICRA A4
Shapoorji Pallonji                      NCD programme         ICRA A      2000    Assigned
Infrastructure Capital Company
Pvt Ltd
Shapoorji Pallonji                      Non-FBL               ICRA A /    5250    Assigned
Infrastructure Capital Company                                ICRA A1
Pvt Ltd
Tk Toll Road Pvt Li                     TL                    ICRA BBB-   3709.5  Reaffirmed
Z V Steels Pvt Ltd                      FBL                   ICRA B+     180     Reaffirmed
Zippy Edible Products Pvt Ltd           FBL – TL              ICRA B+     140     Assigned
Zippy Edible Products Pvt Ltd           FBL – CC              ICRA B+     20      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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