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ICRA ratings for Indian debt instruments-Sep 30
September 30, 2016 / 10:11 AM / a year ago

ICRA ratings for Indian debt instruments-Sep 30

Sep 30 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of September 29, 2016.

COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Aditya Birla Finance Ltd                CP Programme          A1+    70000   Outstanding
Aditya Birla Finance Ltd                CP Programme (For IPO A1+    20000   Outstanding
                                        Financing)
Antony Motors Pvt Ltd                   ST, non-FBL           A4     100     Reaffirmed
Bank Of India                           Corporate Governance  CGR2         -       Reaffirmed
                                        practices
Idfc Bank Ltd                           CD                    A1+    200000  Assigned
Krbl Ltd                                NFBL                  A1+    900     Reaffirmed
Krbl Ltd                                CP                    A1+    4000    Reaffirmed
Kribhco Infrastructure Ltd              CP                    A1+    250     Assigned
S. P. Apparels Ltd                      ST: FB Fac            A2+    1150    Upgraded
                                                                                   from A4
S. P. Apparels Ltd                      ST: FB Fac (sublimit) A2+    -       Assigned
Spice Islands Apparels Ltd              FBL                   A4     60      Revised from
                                                                                   A4
Spice Islands Apparels Ltd              Non-FBL               A4     2       Revised from
                                                                                   A4

LONG TERM RATINGS:
-------------------
Aditya Birla Finance Ltd                Subordinated Debt     AA+    5500    Assigned
                                        Programme
Aditya Birla Finance Ltd                LT Debt Program       AA+    120000  Outstanding
Aditya Birla Finance Ltd                Subordinated Debt     AA+    9500    Outstanding
                                        Programme
Aditya Birla Finance Ltd                Bk Lines              AA+ /  145350  Outstanding
                                                              A1+
Amico Textiles                          Bk Fac                BB-    227     Suspended
Annapurna Microfinance Pvt Ltd          Subordinated Debt     BBB    250     Assigned
                                        Programme
Antony Motors Pvt Ltd                   LT, FB limits         B+     85      Reaffirmed
Disha Microfin Pvt Ltd                  PTC Series A1         Provisional  252.8   Assigned
                                                              A-
Disha Microfin Pvt Ltd                  PTC Series A2         Provisional  33.6    Assigned
                                                              BB+
Government Of Telangana                 LT Bond Programme     Provisional [50000   Reaffirmed
Entities
Indusind Bank Ltd                       Upper Tier II bonds   AA     3089    Reaffirmed
                                        programme
Indusind Bank Ltd                       Lower Tier II bonds   AA+    -       Withdrawn
                                        programme
Jasdev Singh Sandhu Foundation          FB Fac                B-     110     Suspended
Krbl Ltd                                TL                    AA-    3183.1  Reaffirmed
Krbl Ltd                                FBL                   AA-    15750   Reaffirmed
Kwality Animal Feeds Pvt Ltd            LT - Fund Based (CC)  BBB-   100     Reaffirmed
Kwality Animal Feeds Pvt Ltd            TL                    BBB-   280     Reaffirmed
Murlidhar Agro Food Pvt Ltd             Fund Based - TL       B+     1.1     Suspended
Murlidhar Agro Food Pvt Ltd             Fund Based - CC       B+     70      Suspended
S. P. Apparels Ltd                      LT: TL Fac            BBB+   147.6   Upgraded
                                                                                   from BB
S. P. Apparels Ltd                      LT: FB Fac            BBB+   200     Upgraded
                                                                                   from BB
S. P. Apparels Ltd                      LT / ST: Unallocated  BBB+   335.4   Assigned
                                                              / A2
S. R. Educational Trust                 TL                    D      93.5    Suspended
Slr Metaliks Ltd                        TL                    A-     4400    Reaffirmed
Soho Ltd                                FB Fac                B      65      Suspended
Soho Ltd                                Unallocated Limits    B      25      Suspended
Sri Janardhan Raw And Boiled            FBL                   BB-    94.5    Reaffirmed
Rice Mill
Sri Janardhan Raw And Boiled            Unallocated limits    BB-/   25.5    Reaffirmed
Rice Mill                                                     A4
Sri Lakshmi Janardhan Rice              FBL                   BB-    7.25    Reaffirmed
Industries
Sri Lakshmi Janardhan Rice              Unallocated limits    BB-/   27.5    Reaffirmed
Industries                                                    A4
Supreme Mobiles Ltd.                    Bk Fac                BB-    85      Suspended
Telangana Drinking Water                LT Bond Programme     Provisional  750     Assigned
Supply Corporation Ltd                                        A
Triveni Silk Mills                      LT FBL                B      105     Revised from
                                                                                   B+
Unique Gems                             LT, FB - CC           BB+    150     Assigned
Unique Gems                             LT - Unallocated      BB+    50      Assigned
Yedeshwari Agro Products Ltd            LT, Fund based - TL   B+     623.2   Reaffirmed
Yedeshwari Agro Products Ltd            LT - Unallocated      B+     6.8     Reaffirmed
Zensar Technologies Ltd                 Non-FBL               AA+    -       Withdrawn
Zensar Technologies Ltd                 FBL                   AA+/   140     Reaffirmed
                                                              A1+
--------------------------------------------------------------------------------------------
$: 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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