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ICRA ratings for Indian debt instruments-May 4
May 4, 2017 / 10:10 AM / 5 months ago

ICRA ratings for Indian debt instruments-May 4

    May 4 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of May 3, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Angadpal Industries Pvt Ltd             ST: Non Fund based    ICRA A4+     2.5     Reaffirmed
India Infradebt Ltd                     CP programme          ICRA A1+     5000    Outstanding
Medhassu E-Solutions Pvt Ltd            BG                    ICRA A4      45      Withdrawn
Rajputana Industries Pvt Ltd            NFBL – LOC            ICRA A4      80      Reaffirmed
Rajputana Industries Pvt Ltd            NFBL – BG             ICRA A4      2.5     Reaffirmed
Surya Processors Pvt Ltd                ST non-FB Bk Fac      ICRA A3      127.5   Reaffirmed
Tagros Chemicals India Pvt Ltd          ST Fund Based         ICRA A2+     1425    Upgraded
                                                                                   from ICRA A2
Tagros Chemicals India Pvt Ltd          ST Non Fund Based     ICRA A2+     548.9   Upgraded
                                                                                   from ICRA A2
LONG TERM RATINGS:
-------------------
Angadpal Industries Pvt Ltd             TL                    ICRA BB+     15.1    Reaffirmed
Angadpal Industries Pvt Ltd             LT: Fund based        ICRA BB+     65      Reaffirmed
Bommineni Ramanjaneyulu                 CC                    ICRA B+      40      Reaffirmed
Bommineni Ramanjaneyulu                 BG                    ICRA B+      60      Reaffirmed
Cholamandalam Investment &              PTC Series A          ICRA AAA(SO) -       Reaffirmed
Finance Co. Ltd- Platinum
Trust Dec-13 Tranche II
Cholamandalam Investment &              PTC Series A          ICRA AAA(SO) -       Reaffirmed
Finance Co. Ltd-Platinum Trust
Dec-13 Tranche IV
Cholamandalam Investment &              PTC Series A          ICRA AAA(SO) -       Reaffirmed
Finance Co. Ltd-Platinum Trust
Mar-14 Tranche II
Gruh Finance Ltd                        LT debt programme     ICRA AAA     500     Assigned
India Infradebt Ltd                     NCD programme         ICRA AAA     40000   assigned
India Infradebt Ltd                     NCD programme         ICRA AAA     50000   Outstanding
India Infradebt Ltd                     Subordinated debt     ICRA AAA     1600    Outstanding
                                        programme
Medhassu E-Solutions Pvt Ltd            Unallocated limits    ICRA B       30      Withdrawn
Medhassu E-Solutions Pvt Ltd            CC                    ICRA B       25      Withdrawn
Rajputana Industries Pvt Ltd            FBL – TL              ICRA B+      149     Reaffirmed
Rajputana Industries Pvt Ltd            FBL – CC              ICRA B+      36      Reaffirmed
Rajputana Industries Pvt Ltd            Unallocated           ICRA B+      82.5    Reaffirmed
                                                              /ICRA A4
Siti Networks Ltd                       Long-TL               ICRA A-      1250    Reaffirmed
Siti Networks Ltd                       LT, FB Bk Fac         ICRA A-      250     Reaffirmed
Siti Networks Ltd                       Long-TL               ICRA AA(SO)  500     Outstanding
Surya Processors Pvt Ltd                LT FB – CC            ICRA BBB-    470     Reaffirmed
(enhanced from 37.00CRS)
Surya Processors Pvt Ltd                LT FB – TL            ICRA BBB-    698.7   Reaffirmed
(enhanced from 53.03CRS)
Surya Processors Pvt Ltd                Unallocated           ICRA BBB-    203.8   Reaffirmed
(reduced from 47.22CRS)
Tagros Chemicals India Pvt Ltd          TL                    ICRA A-      1200    Upgraded
                                                                                   from ICRA
                                                                                   BBB+
Tagros Chemicals India Pvt Ltd          LT Fund Based         ICRA A-      50      Upgraded
                                                                                   from ICRA
                                                                                   BBB+
The Clearing Coporation Of              Issuer Rating         IrAAA        -       Reaffirmed
India Ltd
Yellowstone Nirmiti Llp                 FB – TL               ICRA BB-     750     Upgraded
                                                                                   from ICRA B+
--------------------------------------------------------------------------------------------
$: 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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