May 5, 2017 / 10:31 AM / 3 months ago

ICRA ratings for Indian debt instruments-May 5

12 Min Read

   May 5 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of May 4, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Citicorp Finance (India) Ltd            CP programme          ICRA A1+     40000   Outstanding
Coastal Energy Pvt Ltd                  Non-FB Fac            ICRA]D       6455    Revised from
                                                                                   ICRA A4
Cibi International Pvt Ltd              ST: Non-FBL           ICRA A4+     4       upgraded
                                                                                   from ICRA A4
Gmw Pvt Ltd                             ST Fund based and Non ICRA A4      681.4   Revised from
                                        FB Fac                                     ICRA A4+
United Industries                       ST – Non-fund based   ICRA A4      10      Withdrawn
Vulcan Industrial Engineering           NFBL                  ICRA A4      205     assigned
Co. Ltd

LONG TERM RATINGS:
-------------------
Aasan Corporate Solutions Pvt           NCDs (NCDs)           ICRA A+(SO)  2500    Assigned
Ltd
Aasan Corporate Solutions Pvt           NCDs (NCDs)           ICRA A+(SO)  1500    Outstanding
Ltd
Aasan Corporate Solutions Pvt           NCDs (NCDs)           ICRA]A+(SO)  6000    Outstanding
Ltd
Aasan Corporate Solutions Pvt           NCDs (NCDs)           ICRA]A+(SO)  3000    Outstanding
Ltd
Aasan Corporate Solutions Pvt           NCDs (NCDs)           ICRA]A+(SO)  2500    Outstanding
Ltd
Aasan Corporate Solutions Pvt           NCDs (NCDs)           ICRA]A+(SO)  2500    Outstanding
Ltd
Adani Logistics Ltd                     TL                    ICRA BBB             Reaffirmed
Chirag Agrofins Pvt Ltd                 FB – Limits           ICRA D       200     Downgraded
                                                                                   from ICRA BB-
Cibi International Pvt Ltd              LT: CC                ICRA BB+     250     upgraded
                                                                                   from ICRA BB-
Cibi International Pvt Ltd              LT: TL                ICRA BB+     45      assigned
Cibi International Pvt Ltd              Long/ST: Unallocated  ICRA BB+     5       assigned
Citicorp Finance (India) Ltd            Secured Bk lines      ICRA AAA     4500    Outstanding
                                        programme
Citicorp Finance (India) Ltd            NCD programme         ICRA AAA     100000  Outstanding
Citicorp Finance (India) Ltd            LT PP-MLD programme   PP-MLD ICRA  5000    assigned
                                                              AAA
Citicorp Finance (India) Ltd            LT PP-MLD programme   PP-MLD ICRA  25341.6 Outstanding
                                                              AAA
Coastal Energy Pvt Ltd                  FB Limits             ICRA]D       1135    Revised from
                                                                                   ICRA BB-
Coastal Energy Pvt Ltd                  Unallocated Limits    ICRA]D       3355    Revised from
                                                                                   ICRA BB- /
                                                                                   ICRA A4
Dish Infra Services Pvt Ltd             Long-TL               ICRA A+&     4000    Reaffirmed
& Rating watch with developing implications
Dish Infra Services Pvt Ltd             LT / ST,              ICRA A+& /           Reaffirmed
                                        interchangeable Fac^  ICRA A1&
^Sub-limit of long-term loans. 
& Rating watch with developing implications

Energon Power Resources Pvt Ltd         TL                    ICRA A-      7277.8  Revised
                                                                                   from ICRA
                                                                                   BBB+
Ess Kay Fincorp Pvt Ltd                 NCD Programme (Tier   ICRA BBB     165     upgraded
                                        II Debt)                                   from ICRA
                                                                                   BBB-
Gmw Pvt Ltd                             LT -TL                ICRA BB      31.5    Revised
                                                                                   from ICRA
                                                                                   BB+
Gmw Pvt Ltd                             LT Fund based - CC    ICRA BB      170     Revised
                                                                                   from ICRA
                                                                                   BB+
Gmw Pvt Ltd                             LT/ ST Unallocated    ICRA BB /    67.1    Revised
                                                              ICRA A4              Revised
                                                                                   from
                                                                                   ICRA BB+/
                                                                                   ICRA A4+

Indian School Finance Company           PTC Series A1         ICRA A-(SO)          Rating
Pvt Ltd -Iamus Sbl Ifmr                                                            upgraded
Capital 2016                                                                       from 
                                                                                   ICRA 
                                                                                   BBB+(SO)
Indian School Finance Company           PTC Series A2         ICRA BB(SO)          Rating
Pvt Ltd -Iamus Sbl Ifmr                                                            upgraded
Capital 2016                                                                       from
                                                                                   ICRA BB-
                                                                                   (SO)
Indian School Finance Company           PTC Series A1         ICRA A(SO)           Reaffirmed
Pvt Ltd -Inguz Sbl Ifmr
Capital 2016

Indian School Finance Company           PTC Series A3         ICRA                 Reaffirmed
Pvt Ltd -Inguz Sbl Ifmr                                       BB+(SO)
Capital 2016

Indian School Finance Company           PTC Series A2         ICRA                 Reaffirmed
Pvt Ltd -Inguz Sbl Ifmr                                       BBB+(SO)
Capital 2016

Indian School Finance Company           PTC Series A1         ICRA AA-             Rating
Pvt Ltd- Nephthys Sbl                                         (SO)                 upgraded
Ifmr Capital 2014                                                                  from 
                                                                                   ICRA A(SO)

Indian School Finance Company           PTC Series A2         ICRA                 Rating
Pvt Ltd- Nephthys Sbl                                         BBB(SO)              upgraded
Ifmr Capital 2014                                                                  from
                                                                                   ICRA BB+
                                                                                   (SO)
Indian School Finance Company           PTC Series A1         ICRA A-              Ratings
Pvt Ltd -Techne Sbl Ifmr                                      (SO)                 upgraded
Capital 2015                                                                       from 
                                                                                   ICRA 
                                                                                   BBB+(SO)
Indian School Finance Company           PTC Series A2         ICRA                 Rating
Pvt Ltd -Techne Sbl Ifmr                                      BB+(SO)              upgraded
Capital 2015                                                                       from
                                                                                   ICRA 
                                                                                   BB-(SO)
Premier Tex Products Pvt Ltd            LT – Fund based       ICRA BB+     50      Reaffirmed
S.N.N Textiles Pvt Ltd                  Long–term: TL         ICRA B+      100     Reaffirmed
S.N.N Textiles Pvt Ltd                  Long–term: FB Fac     ICRA B+      50      Reaffirmed
Sarvesh Cars And Motors Pvt Ltd         LT: FBL (Note)        ICRA B+      89      assigned
Sarvesh Cars And Motors Pvt Ltd         LT: TL                ICRA B+      35.7    assigned
United Industries                       LT – CC               ICRA BB-     140     Withdrawn
Vulcan Industrial Engineering           FBL                   ICRA BB-     347     assigned
Co. Ltd
Vulcan Industrial Engineering           Unallocated Limits    ICRA BB-     137.3   assigned
Co. Ltd                                                       / ICRA A4
--------------------------------------------------------------------------------------------
$: 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)

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