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ICRA ratings for Indian debt instruments-Feb 10
February 10, 2017 / 10:17 AM / 7 months ago

ICRA ratings for Indian debt instruments-Feb 10

   Feb 10 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of February 9, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Bajaj Finance Ltd                       ST debt programme     ICRA A1+    100000  Assigned /
                                                                                  Outstanding
Jamshedpur Continuous                   CP                    ICRA A1+    1000    Assigned
Annealing & Processing Co.
Pvt. Ltd.
Kumar Motor Corporation Pvt.            ST- BG                ICRA A4     3.1     Reaffirmed
Ltd
Neelson Ceramic Llp                     ST: NFBL              ICRA A4     8       Reaffirmed
Reliance Securities Ltd                 CP Programme          ICRA A1+    1500    Assigned /
                                                                                  Outstanding
Reliance Securities Ltd                 ST Non-Fund Based Bk  ICRA A1+    4000    Outstanding
                                        Fac
Sivasri Engineering Pvt Ltd             Bills Discounting     ICRA A4             Withdrawn

LONG TERM RATINGS:
-------------------
Darvesh Constructions Pvt Ltd           TL                    ICRA B+     300     Reaffirmed
Frostees Export (India) Pvt Ltd         FB Limits             ICRA BB+    150     Outstanding
Frostees Export (India) Pvt Ltd         Unallocated Limits    ICRA BB+    850     Assigned
Goldfinch Resorts Pvt Ltd               TL                    ICRA BB+    750     Reaffirmed
Hoin Mal Sons Enterprises Pvt           LT: FB limits (CC)    ICRA B+     99      Reaffirmed
Ltd
Hoin Mal Sons Enterprises Pvt           LT: FB limits (TL)    ICRA B+     95      Reaffirmed
Ltd
Kumar Motor Corporation Pvt.            LT-CC                 ICRA B      16      Reaffirmed
Ltd
Kumar Motor Corporation Pvt.            LT-TL                 ICRA B      39      Reaffirmed
Ltd
Kumar Motor Corporation Pvt.            Unallocated Limits    ICRA B /    106.9   Reaffirmed
Ltd                                                           ICRA A4
Mahavir Educational Society             LT-FB Limits          ICRA B-     38.2    Reaffirmed
Mahavir Educational Society             Unallocated           ICRA B-     33      Reaffirmed
Neelson Ceramic Llp                     LT: FBL               ICRA B      120     Reaffirmed
Sivasri Engineering Pvt Ltd             CC                    ICRA B+     55      Withdrawn
Trishul Buildtech &                     TL                    ICRA BBB    2953.2  Reaffirmed
Infrastructures Pvt 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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