May 12, 2017 / 10:24 AM / 4 months ago

ICRA ratings for Indian debt instruments-May 12

    May 12 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of May 11, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Adie Broswon Breweries Pvt Ltd          ST: Non-fund based    ICRA A4      70      Reaffirmed
Angadpal Industries Pvt Ltd             ST: Non Fund based    ICRA A4+     23      Assigned
                                                                                   /Outstanding
enhanced from Rs. 0.25 crore
Bajaj Finance Ltd                       ST debt programme     ICRA A1+     150000  Assigned
                                                                                   /Outstanding
enhanced from 10,000 CR
Ecl Finance Ltd                         CP Programme (IPO     ICRA A1+     40000   Assigned
                                        financing)
Ecl Finance Ltd                         CP Programme          ICRA A1+     36000   Outstanding
Ecl Finance Ltd                         ST NCD Programme      ICRA A1+     1000    Outstanding
Ecl Finance Ltd                         CP Programme (IPO     ICRA A1+     35000   Withdrawn
                                        financing)
Ecl Finance Ltd                         ST Principal          PP-MLD ICRA  9000    Outstanding
                                        Protected Market      A1+
                                        Linked Debenture Programme
Edelweiss Commodities Services          CP Programme (IPO     ICRA A1+     60000   Assigned
Ltd                                     financing)
Edelweiss Commodities Services          ST NCD Programme      ICRA A1+     1000    Outstanding
Ltd
Edelweiss Commodities Services          CP Programme (IPO     ICRA A1+     30000   Withdrawn
Ltd                                     financing)
Edelweiss Commodities Services          ST Principal          PP-MLD ICRA  5000    Outstanding
Ltd                                     Protected Market      A1+
                                        Linked Debenture Programme
Edelweiss Finance And                   CP Programme (IPO     ICRA A1+     10000   Assigned
Investments Ltd                         financing)
Edelweiss Finance And                   CP Programme          ICRA A1+     10000   Outstanding
Investments Ltd
Edelweiss Finance And                   ST Principal          PP-MLD ICRA  4000    Outstanding
Investments Ltd                         Protected Market      A1+
                                        Linked Debenture Programme
Edelweiss Financial Services            CP Programme (IPO     ICRA A1+     50000   Assigned
Ltd                                     financing)
Edelweiss Financial Services            CP Programme          ICRA A1+     50000   Outstanding
Ltd
Edelweiss Financial Services            ST NCD Programme      ICRA A1+     1000    Outstanding
Ltd
Edelweiss Financial Services            CP Programme (IPO     ICRA A1+     35000   Withdrawn
Ltd                                     financing)
Godrej Consumer Products Ltd            CP Programme          ICRA A1+     5000    Assigned
                                                                                   /Outstanding
enhanced from 200 CR
Nedspice Processing India Pvt           ST non-fund based     ICRA A3      40      Withdrawn
Ltd
Popular Vehicles And Services           ST: FB Fac            ICRA A4+     2840.5  Reaffirmed
Pvt Ltd
Somic Zf Components Pvt Ltd             ST interchangeable    ICRA A1      317.5   Reaffirmed
Ttk Healthcare Ltd                      ST: Non-FB Fac        ICRA A1+     47.5    Reaffirmed
Ttk Healthcare Ltd                      ST: Proposed          ICRA A1+     2.5     Reaffirmed
Ttk Healthcare Ltd                      ST: FB Fac            ICRA A1+             Reaffirmed
                                        (sub-limits)

LONG TERM RATINGS:
-------------------
Adie Broswon Breweries Pvt Ltd          LT Fund based         ICRA B+      811.4   Reaffirmed
Adie Broswon Breweries Pvt Ltd          LT: Unallocated       ICRA B+      243.1   Reaffirmed
Angadpal Industries Pvt Ltd             TL                    ICRA BB+     36.1    Assigned
                                                                                   /Outstanding
enhanced from Rs. 1.51 crore
Angadpal Industries Pvt Ltd             LT: Fund based        ICRA BB+     66      Assigned
                                                                                   /Outstanding
enhanced from Rs. 6.50 crore
Ecl Finance Ltd                         Subordinated Debt     ICRA AA      2000    Assigned
                                        Programme
Ecl Finance Ltd                         NCD Programme         ICRA AA      73500   Outstanding
Ecl Finance Ltd                         Subordinated Debt     ICRA AA      6500    Outstanding
                                        Programme
Ecl Finance Ltd                         Bk Lines              ICRA AA      110000  Outstanding
                                                              /A1+
Ecl Finance Ltd                         LT Principal          PP-MLD ICRA  13500   Outstanding
                                        Protected Market      AA
                                        Linked Debenture Programme
Edelweiss Commodities Services          NCD Programme         ICRA AA      47000   Outstanding
Ltd
Edelweiss Commodities Services          Bk Lines              ICRA AA      20000   Outstanding
Ltd
Edelweiss Finance And                   NCD Programme         ICRA AA      12500   Outstanding
Investments Ltd
Edelweiss Finance And                   Subordinated Debt     ICRA AA      500     Outstanding
Investments Ltd                         Programme
Edelweiss Finance And                   Bk Lines              ICRA AA      5000    Outstanding
Investments Ltd
Edelweiss Finance And                   LT Principal          PP-MLD ICRA  8000    Outstanding
Investments Ltd                         Protected Market      AA
                                        Linked Debenture Programme
Edelweiss Financial Services            NCD Programme         ICRA AA      5000    Outstanding
Ltd
Godrej Consumer Products Ltd            LT /ST FB Fac         ICRA AA+     300     Outstanding
                                                              /A1+
Godrej Consumer Products Ltd            LT /ST Non-FB Fac     ICRA AA+     1700    Outstanding
                                                              /A1+
Godrej Consumer Products Ltd            LT /ST, FB /Non-FB    ICRA AA+     9000    Outstanding
                                        Fac                   /A1+
India Infoline Finance Ltd              PTCs                  ICRA AAA     1040    Provisional
-Robust Cv Trust March 2017                                   (SO)                 rating
                                                                                   confirmed as
final
India Infoline Housing Finance          PTC Series A          ICRA AAA     3879.3  Provisional
Ltd- Solitaire Mortgage - 1                                   (SO)                 rating
Trust March 2017                                                                   confirmed as
final
International Fresh Farm                TL                    ICRA D       170     Revised from
Products India Ltd                                                                 ICRA B+
International Fresh Farm                Working Capital       ICRA D       130     Revised from
Products India Ltd                      Limits                                     ICRA B+
Popular Vehicles And Services           LT: TL Fac            ICRA BB+     401.9   Reaffirmed
Pvt Ltd
Popular Vehicles And Services           LT: FB Fac            ICRA BB+     190     Reaffirmed
Pvt Ltd
Popular Vehicles And Services           LT: Non FB Fac        ICRA BB+     153.2   Reaffirmed
Pvt Ltd
Popular Vehicles And Services           LT /ST: Proposed Fac  ICRA BB+ /   164.4   Reaffirmed
Pvt Ltd                                                       ICRA A4+
Psa Sical Terminals Ltd                 Non FB Fac            ICRA BBB     1000    Reassigned
                                                                                   from ICRA A3+
Rukmini Educational Charitable          TL                    ICRA BB      1250    Upgraded
Trust                                                                              from ICRA B+
Somic Zf Components Pvt Ltd             Unallocated           ICRA A       164.3   Reaffirmed
Somic Zf Components Pvt Ltd             LT / ST fund based    ICRA A /A1   50      Reaffirmed
Ttk Healthcare Ltd                      LT: FB Fac (CC)       ICRA A+      225     Reaffirmed

--------------------------------------------------------------------------------------------
$: 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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