February 24, 2017 / 10:06 AM / 7 months ago

ICRA ratings for Indian debt instruments-Feb 24

   Feb 24 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of February 23, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Aditya Birla Finance Ltd                CP Programme (IPO     ICRA A1+    20000   Withdrawn
                                        financing)
Aditya Birla Finance Ltd                CP Programme          ICRA A1+    100000  Outstanding
Bses Kerala Power Ltd                   Non-FBL               ICRA A2+    120     Withdrawn
Industrial Forging Industries           Non-FBL               ICRA A4     15      Assigned
Prestige Estates Projects Ltd           CP                    ICRA A1+    2500    Reaffirmed
Psa Sical Terminals Ltd                 ST: Non FB Fac        ICRA A3+    1000    Assigned
Tajgvk Hotels & Resorts Ltd             ST, FBL               ICRA A1+    300     Reaffirmed
Tajgvk Hotels & Resorts Ltd             ST, non-FBL ^         ICRA A1+            Reaffirmed
^ Sub-limit of short-term, fund based limits
Wildcraft India Pvt Ltd                 ST FB Fac             ICRA A2+    350     Outstanding
Wildcraft India Pvt Ltd                 ST Non-FB Fac 1       ICRA A2+    100     Outstanding
Wildcraft India Pvt Ltd                 ST FB Fac             ICRA A2+    250     Withdrawn
Wildcraft India Pvt Ltd                 ST Non FB Fac         ICRA A2+    100     Withdrawn


LONG TERM RATINGS:
-------------------
Aditya Birla Finance Ltd                LT Debt Programme     ICRA AA+    120000  Outstanding
Aditya Birla Finance Ltd                Subordinated Debt     ICRA AA+    15000   Outstanding
                                        Programme
Aditya Birla Finance Ltd                Bk Lines Programme    ICRA AA+ /  147950  Outstanding
                                                              ICRA A1+
Bses Kerala Power Ltd                   FBL                   ICRA BBB+   420     Withdrawn
Bses Kerala Power Ltd                   Proposed Limits       ICRA BBB+   60      Withdrawn
                                                              / ICRA A2+
Cessna Garden Developers Pvt            TL                    ICRA A+(SO) 11705.2 Reaffirmed
Ltd
India Infrastructure Finance            LT Tax free / TBs     ICRA AAA    70000   Reaffirmed
Co. Ltd                                 programme
India Infrastructure Finance            LT Tax free / TBs     ICRA AAA    110000  Reaffirmed
Co. Ltd                                 programme
India Infrastructure Finance            GoI Guaranteed        ICRA AAA    10000   Reaffirmed
Co. Ltd                                 Bonds/Debt programme  (SO)
India Infrastructure Finance            GoI Guaranteed        ICRA AAA    2000    Reaffirmed
Co. Ltd                                 Bonds/Debt programme  (SO)
India Infrastructure Finance            GoI Guaranteed        ICRA AAA    2000    Reaffirmed
Co. Ltd                                 Bonds/Debt programme  (SO)
India Infrastructure Finance            GoI Guaranteed        ICRA AAA    5000    Withdrawn
Co. Ltd                                 Bonds/Debt programme  (SO)
India Infrastructure Finance            GoI Guaranteed        ICRA AAA    2000    Withdrawn
Co. Ltd                                 Bonds/Debt programme  (SO)
Industrial Forging Industries           FBL                   ICRA B+     119.5   Assigned
Jmc Constructions Pvt. Ltd.             FBL                   ICRA BB-    210     Upgraded
                                                                                  from ICRA B+
JMC Constructions Pvt. Ltd.             Non-FBL               ICRA BB-    760     Upgraded
                                                                                  from ICRA B+
JMC Constructions Pvt. Ltd.             Unallocated limits    ICRA BB-    30      Upgraded
                                                                                  from ICRA B+
Nuway Organic Natural (India)           FBL- CC               ICRA D      80      Assigned
Ltd
Nuway Organic Natural (India)           FBL- TL               ICRA D      180     Assigned
Ltd
Nuway Organic Natural (India)           Unallocated Amount    ICRA D      60      Assigned
Ltd
Prestige Estates Projects Ltd           Bk Lines              ICRA A+     35000   Reaffirmed
Prestige Estates Projects Ltd           NCD                   ICRA A+     5000    Reaffirmed
Protac Foods International Pvt          LT - Fund based – TL  ICRA B      180     Assigned
Ltd
Protac Foods International Pvt          LT - Fund based – CC  ICRA B      40      Assigned
Ltd
R. S. Melgiri And Company               LT - FBL              ICRA BB-    47.5    Assigned
R. S. Melgiri And Company               LT - Unallocated      ICRA BB-    102.5   Assigned
Shreyans Oil Ltd                        FBL – CC              ICRA BB-    60      Assigned
Shreyans Oil Ltd                        FBL – Unallocated     ICRA BB-/   25      Assigned
                                                              A4
Sona Fuji Kiko Automotive Ltd           TL                    ICRA A      28.2    Upgraded
                                                                                  from
                                                                                  ICRA A-
Sona Fuji Kiko Automotive Ltd           CC cum WCDL Facility  ICRA A      72      Upgraded
                                                                                  from
                                                                                  ICRA A-
Tajgvk Hotels & Resorts Ltd             TL                    ICRA A+     2700    Reaffirmed
Wildcraft India Pvt Ltd                 FBL                   ICRA A-     100     Outstanding
Wildcraft India Pvt Ltd                 LT/ST – Fund based /  ICRA A- /   350     Outstanding
                                        Nonfund based         ICRA A2+ /
                                        Interchangeable Fac
Wildcraft India Pvt Ltd                 LT/ST – Fund based /  ICRA A- /   350     Withdrawn
                                        Nonfund based         ICRA A2+ /
                                        Interchangeable Fac
--------------------------------------------------------------------------------------------
$: 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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