May 9, 2017 / 10:23 AM / 5 months ago

ICRA ratings for Indian debt instruments-May 9

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

COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
R. Krishnamurthy & Co.                  BG                    ICRA A4      70      Reaffirmed
Santhoshimathaa Edible Oil              NFBL                  ICRA A4+     410     Reaffirmed
Refinery Pvt Ltd
Wadhwani Commodities Trading            FB – Buyers’ Credit   ICRA A4      90      Reaffirmed
Pvt Ltd

LONG TERM RATINGS:
-------------------
Camden Industries Ltd                   NCD 1                 ICRA AAA(SO) 1000    Reaffirmed
Camden Industries Ltd                   NCD 2                 ICRA AAA(SO) 3400    Outstanding
Haldia Petrochemicals Ltd               Non-FBL               -            -
(reduced from Rs 200.00 crore)
Haldia Petrochemicals Ltd               FB Limits towards     -            -
                                        Working Capital Margin
(reduced from Rs 100.00 crore)
Haldia Petrochemicals Ltd               TL                    ICRA A+      40999.9 Upgraded
                                                                                   from ICRA A-
(reduced from Rs 4987.00 crore)
Haldia Petrochemicals Ltd               LT FB Limits          ICRA A+      3230    Upgraded
                                                                                   from ICRA A-
(reduced from Rs 350.00 crore)
Haldia Petrochemicals Ltd               Non-FBL               ICRA A+      29830.7 Upgraded
                                                                                   from ICRA A2+
(reduced from Rs 4327.00 crore)
Haldia Petrochemicals Ltd               LT/ST Unallocated**   ICRA A+ /    26519.4 Upgraded
                                                              ICRA A1+             from ICRA A-
                                                                                   / ICRA A2+
** Part of these limits (Rs 94.00 crore) were rated as proposed short term limits earlier.
Haldia Petrochemicals Ltd               Issuer Rating         IrA+         -
R. Krishnamurthy & Co.                  CC                    ICRA BB      80      Reaffirmed
R. Krishnamurthy & Co.                  Unallocated           ICRA BB /    150     Reaffirmed
                                                              ICRA A4
Sai International                       TL                    ICRA B+      82.5    Reaffirmed
Sai International                       CC                    ICRA B+      20      Reaffirmed
Sai International                       Buyer’s Credit        ICRA B+      27.5    Reaffirmed
Santhoshimathaa Edible Oil              FB – TL               ICRA BB+     166     Reaffirmed
Refinery Pvt Ltd
Santhoshimathaa Edible Oil              Unallocated           ICRA BB+ /   24      Reaffirmed
Refinery Pvt Ltd                                              ICRA A4+
Sheel Diamond Exports Ltd               FBL                   ICRA BB      850     Reaffirmed
Sheel Diamond Exports Ltd               Unallocated Limits    ICRA BB      300     Reaffirmed
Sheel Gems                              FBL                   ICRA BB      870     Reaffirmed
Sheel Gems                              Unallocated Limits    ICRA BB      80      Reaffirmed
Wadhwani Commodities Trading            FB – CC               ICRA BB-     60      Reaffirmed
Pvt Ltd
Western Hill Foods Ltd                  FBL                   ICRA D       238.1   Assigned
Western Hill Foods Ltd                  Unallocated Limits    ICRA D       31.9    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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