May 26, 2017 / 10:21 AM / 3 months ago

ICRA ratings for Indian debt instruments-May 26

    May 26 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of May 25, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Cr Retail Malls (India) Ltd             CP programme (IPO     ICRA A1+     5000    Assigned
                                        Financing)
Hil Ltd                                 ST: Non-FBL           ICRA A1+     100     Reaffirmed
Revised from 14.00 CR
Hil Ltd                                 CP programme          ICRA A1+     750     Reaffirmed
Kadvani Forge Ltd                       Fund Based – ST       ICRA A4      50      Reaffirmed
Kadvani Forge Ltd                       Non Fund Based – ST   ICRA A4      35      Reaffirmed
Rajrani Steel Casting Pvt Ltd           Non-FB Fac            ICRA A4      17.5    Reaffirmed
Sigma Power And Energy                  ST: Non-fund based    ICRA A4      40      Assigned
Engineers

LONG TERM RATINGS:
-------------------
Ananda Enterprises India Pvt            LT FBL                ICRA BB      693.7   Upgraded
Ltd                                                                                from ICRA BB-
Ananda Enterprises India Pvt            LT Unallocated Limits ICRA BB      206.3   Upgraded
Ltd                                                                                from ICRA BB-
Cr Retail Malls (India) Ltd             TL                    ICRA A       790     Outstanding
Cr Retail Malls (India) Ltd             Unallocated Limits    ICRA A       10      Outstanding
Hil Ltd                                 LT: FB limits         ICRA A+      1000    Reaffirmed
Revised from 105.00 CR
Hil Ltd                                 LT: Unallocated       ICRA A+      90      Reaffirmed
Ifmr Capital Finance Pvt Ltd            PTC Series A1         ICRA A (SO)          Withdrawn
-Ifmr Capital Mosec Vulcan 2015
Kadvani Forge Ltd                       Fund Based – LT       ICRA B       277.8   Reaffirmed
Khosla International                    Working Capital LimitsICRA D       290     Revised from
                                                                                   ICRA B
New Bharat Rice Mills                   Working Capital LimitsICRA D       340     Revised from
                                                                                   ICRA B
Rajrani Steel Casting Pvt Ltd           FB – CC               ICRA B-      130     Reaffirmed
Rajrani Steel Casting Pvt Ltd           FB – TL               ICRA B-      30      Reaffirmed
Shree Harikrushna Cotton                Fund Based - CC       ICRA B       80      Reaffirmed
Industries
Shree Harikrushna Cotton                Fund Based - TL       ICRA B       17.6    Reaffirmed
Industries
Sigma Power And Energy                  LT: FB - Cash-credit  ICRA B+      60      Assigned
Engineers
T.K. Engineering Consortium             FBL – CC              ICRA BBB+    280     Reaffirmed
Pvt. Ltd.
revised from Rs. 30.00 crore
T.K. Engineering Consortium             Non-FB Fac – BG       ICRA BBB+    2320    Reaffirmed
Pvt. Ltd.                                                     /A2
revised from Rs. 250.00 crore
T.K. Engineering Consortium             Unallocated Limits    ICRA BBB+    200     Reaffirmed
Pvt. Ltd.                                                     /A2

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