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ICRA ratings for Indian debt instruments-May 18
May 18, 2017 / 10:34 AM / 4 months ago

ICRA ratings for Indian debt instruments-May 18

    May 18 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of May 17, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
A&J Microns Pvt Ltd                     Non-fund based BG     ICRA A4      15      Withdrawn
Jsk Industries Pvt Ltd                  Non Fund Based- LOC   ICRA A1      3880    Upgraded
                                                                                   from ICRA A2+
Kothari Petrochemicals Ltd              ST,NFB Fac            ICRA A2+     150     Reaffirmed
Md India Health Insurance Tpa           Non FB – BG           ICRA A3      350     Reaffirmed
Pvt Ltd
(enhanced from 25.00)
Piramal Finance Ltd                     CP / ST Debt ProgrammeICRA A1+     90000   Outstanding
Surya Roshni Ltd                        CP Programme          ICRA A1+     450     Reaffirmed
                                                              (SO)
Surya Roshni Ltd                        CP Programme          ICRA A1+     50      finalized
                                                              (SO)
Surya Roshni Ltd                        CP Programme          ICRA A1+     50      Assigned
                                                              (SO)
Surya Roshni Ltd                        CP Programme          ICRA A1+     2500    Outstanding
                                                              (SO)
Unichem Laboratories Ltd                CP / ST debt programmeICRA A1+     150     Reaffirmed
Yenepoya University                     Non FB – BG           ICRA A4      50      Downgraded
                                                                                   from ICRA A4+
LONG TERM RATINGS:
-------------------
A&J Microns Pvt Ltd                     FB TL                 ICRA BB-     121.6   Withdrawn
A&J Microns Pvt Ltd                     FB CC                 ICRA BB-     80      Withdrawn
A&J Microns Pvt Ltd                     Unallocated Limits    ICRA BB- /   43.4    Withdrawn
                                                              ICRA A4
Bacc Healthcare Pvt Ltd                 TL                    ICRA A- (SO) 195     Upgraded
                                                                                   from ICRA
                                                                                   BBB+(SO)
Bright Infosoft Pvt Ltd                 LT / ST - Fund        ICRA A- (SO) 120     Reaffirmed/
                                        based/Non Fund Based                       Upgraded
                                                                                   from ICRA
                                                                                   A1+(SO)
Indo Schottle Auto Parts Pvt            LT, Term-Loan         ICRA A       665     Reaffirmed
Ltd
(reduced from Rs.145.00 crore)
Indo Schottle Auto Parts Pvt            LT / ST fund based /  ICRA A /     775     Reaffirmed
Ltd                                     NFBL                  ICRA A1
(reduced from Rs. 85.00 crore)
Jsk Industries Pvt Ltd                  TL                    ICRA A       57      Upgraded
                                                                                   from ICRA A-
Jsk Industries Pvt Ltd                  FB – CC               ICRA A       840     Upgraded
                                                                                   from ICRA A-
Jsk Industries Pvt Ltd                  Non Fund Based- BG    ICRA A       3640    Upgraded
                                                                                   from ICRA A-
Kothari Petrochemicals Ltd              LT, TL                ICRA A-      150     Affirmed
Kothari Petrochemicals Ltd              LT, FB Fac            ICRA A-      250     Reaffirmed
Md India Health Insurance Tpa           FB – CC               ICRA BBB-    300     Reaffirmed
Pvt Ltd
(enhanced from 23.00)
Md India Health Insurance Tpa           FB – TL               ICRA BBB-    45      Reaffirmed
Pvt Ltd
(previously 4.50)
Md India Health Insurance Tpa           LT/STUnallocated      ICRA BBB- /  9.4     Reaffirmed
Pvt Ltd                                                       ICRA A3
( previously 11.97)
Piramal Finance Ltd                     LT Bk Fac             ICRA AA      61750   Assigned /
                                                                                   Outstanding
Piramal Finance Ltd                     NCD Programme         ICRA AA      5000    Withdrawn
Piramal Finance Ltd                     NCD Programme         ICRA AA      70000   Outstanding
Piramal Finance Ltd                     Subordinated Bond     ICRA AA      10000   Outstanding
                                        (Tier II) Programme
Pricol Technologies Ltd                 LT FB Fac             ICRA BBB     100     Withdrawn
Sbi Life Insurance Co. Ltd              CPA                   iAAA         -       Reaffirmed
Shriram Transport Finance Co.           PTCs                  ICRA AAA     9002.2  confirmed as
Ltd                                                           (SO)                 final
Shriram Transport Finance Co.           Second Loss Facility  ICRA BBB     540.1   confirmed as
Ltd                                                           (SO)                 final
Yashodhara Super Speciality             FB – CC               ICRA BB+     10      Assigned
Hospital Pvt Ltd
Yashodhara Super Speciality             FB – TL               ICRA BB+     400     Assigned
Hospital Pvt Ltd
Yenepoya University                     FB – TL               ICRA BB      550     Downgraded
                                                                                   from ICRA BB+
Yenepoya University                     FB – CC               ICRA BB      100     Downgraded
                                                                                   from ICRA BB+
--------------------------------------------------------------------------------------------
$: 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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