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ICRA ratings for Indian debt instruments-Aug 31

    Aug 31 - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd.
(ICRA) for local debt instruments as of August 28, 2020.


COMPANY                                INSTRUMENT           RATING      AMOUNT MOVEMENT
                                                                       (RS.MLN)
------                                 ----------           ------      -----  ---------
SHORT TERM RATINGS:
-------------------
Adino Telecom Ltd                      Non-Fund based LOC   ICRA A4     10     -
(Rating Continues to remain under issuer not cooperating category)
Ang Lifesciences India Ltd             Non-fund Based       ICRA A4+    80     Reaffirmed
Aster Dm Healthcare Ltd                ST Non-fund Based    ICRA A2+    300    Reaffirmed
Best Value Chem Pvt Ltd                Unallocated          ICRA A1     47.7   Assigned
Birla Group Holdings Pvt Ltd           CP Programme         ICRA A1+    35000  Reaffirmed
Chiddarwar Construction                ST Non Fund Based     ICRA A4     30     -
Company Pvt Ltd
(Rating Continues to remain under issuer not cooperating category)
Green Gas Ltd                          ST Non-Fund Based    ICRA A1+    2400   -
(Reason for delay in carrying out periodic review: Review process is underway)
Gulf Oil Lubricants India Ltd          Non-FBL              ICRA A1+    4000   Reaffirmed
Ic India Pvt. Ltd                      ST- Non Fund Based BG ICRA A4    30     -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Industrial Chemical Works              FB – Packing Credit  ICRA A4+    30     -
(Reason for delay in carrying out periodic review: - Review process is underway)
Industrial Chemical Works              Non-fund based –     ICRA A4+    20     -
                                       Inland/Import LC cum
                                       Buyer’s Credit
(Reason for delay in carrying out periodic review: - Review process is underway)
Jayant Printery Llp                    ST Non fund based    ICRA A4     25.5   -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
K.C.Toolroom Pvt Ltd                   NFBL                 ICRA A4     3      -
(Ratings continue to remain in the ‘Issuer Not Cooperating’ category)
Kalthia Priyheer                       Non-FBL              ICRA A2+(CE)-      -
Infrastructure Pvt Ltd
(Reason for delay in carrying out periodic review: - Review process is underway)
Kotak Infrastructure Debt Fund         CP                   ICRA A1+    500    Reaffirmed
Ltd
L.G. Balakrishnan & Bros Ltd           ST: Non-FB Fac       ICRA A1+    1000   Reaffirmed
Mrs. Bectors Food Specialities         Non FB limits        ICRA A1+    135    Reaffirmed
Ltd
Multimech Engineers                    ST- Non Fund Based   ICRA A4     39     -
(Rating Continues to remain under ‘Issuer Not Cooperating’ category)
Nandan Terry Pvt Ltd                   Non-FB Limits        ICRA A4     -      -
(Rating downgraded from ICRA A4+ continues to remain under ‘Issuer Not Cooperating’ category)
Parasrampuria Engineers Pvt Ltd        Non-fund based LOC   ICRA A4     150    -
(Downgraded from ICRA A4+. Continues to remain under ‘Issuer Not Cooperating’ category)
Parasrampuria Engineers Pvt Ltd        Non-fund based –     ICRA A4     40     -
                                       Forex Derivative
(Downgraded from ICRA A4+. Continues to remain under ‘Issuer Not Cooperating’ category)
Relaxo Footwears Ltd                   Non-fund Based       ICRA A1+    1200   Reaffirmed
                                       Working Capital Limits
Relaxo Footwears Ltd                   CP                   ICRA A1+    -      -
(Reaffirmed & Withdrawn)
Sehore Agri Services Pvt. Ltd          BG                   ICRA A2+(CE) 15    Withdrawn
Sehore Agri Services Pvt. Ltd          LOC                  ICRA A2+(CE) -     Withdrawn
Sehore Agri Services Pvt. Ltd          Short-TL             ICRA A2+(CE) -     Withdrawn
Shree Renuka Sugars Ltd                LOC                  ICRA A2&    11242  -
Tablets (India) Ltd                    ST: FB Fac – sublimit ICRA A2+   -      Reaffirmed
Tablets (India) Ltd                    ST: Non-FB Fac       ICRA A2+    80     Reaffirmed
Tablets (India) Ltd                    ST: Non-FB Fac –     ICRA A2+    -      Reaffirmed
                                       sublimit
Tata Asset Management Ltd              Tata Money Market Fund ICRA A1+mfs -    Outstanding
Tata Asset Management Ltd              Tata Liquid Fund     ICRA A1+mfs -      Outstanding
Tata Asset Management Ltd              Tata Overnight Fund  ICRA A1+mfs -      Outstanding
Tata Asset Management Ltd              Tata Ultra ST Fund   ICRA A1+mfs -      Outstanding
Transworld Terminals Pvt Ltd           ST – Non-fund Based  ICRA A2+    150    -
(Upgraded from ICRA A3+ and removed from Issuer Not Cooperating category)
Union Bank Of India                    Certificates of      ICRA A1+    150000 Reaffirmed
                                       Deposit
Uti Asset Management Co. Ltd           UTI Money Market Fund ICRA A1+mfs -     Reaffirmed
Uti Asset Management Co. Ltd           UTI Liquid Cash Plan ICRA A1+mfs -      Reaffirmed
Uti Asset Management Co. Ltd           UTI Overnight Fund   ICRA A1+mfs -      Reaffirmed
Vacmet India Ltd                       ST-Non-Fund Based#   ICRA A2+    2500   -
(#: Long term fund-based limits and short-term non-fund-based limits are fully interchangeable.
When the limits are drawn under the fund-based limits the rating of      A-Positive would apply
and when the limits are drawn under the short term non fund-based limits the rating of ICRA A2+
will apply.)
 
MEDIUM TERM RATINGS:
-------------------
L.G. Balakrishnan & Bros Ltd           FD Programme         MAA/Stable  400    Reaffirmed
 

LONG TERM RATINGS:
-------------------
Aadarshini Real Estate                 NCD (NCD) Programme  ICRA A+     9000   -
Developers Pvt Ltd                                          (CE)(Stable)
(reaffirmed and withdrawn)
Aadarshini Real Estate                 Fund based - TL      Provisional 32800  -
Developers Pvt Ltd                                          ICRA A
                                                            (Stable)
(reaffirmed and withdrawn)
Adino Telecom Ltd                      Non-Fund based BG    ICRA        40     -
                                                            B+(Stable)
                                                            / ICRA A4
(Rating Continues to remain under issuer not cooperating category)
Adino Telecom Ltd                      Unallocated Limit    ICRA        30     -
                                                            B+(Stable)
                                                            / ICRA A4
(Rating Continues to remain under issuer not cooperating category)
Adino Telecom Ltd                      Fund based-CC        ICRA        40     -
                                                            B+(Stable)
(Rating Continues to remain under issuer not cooperating category)
Amalgam Steel & Power Ltd              BLR                  ICRA BBB+   3250   -
                                                            (Stable)
(Reason for delay in carrying out periodic review: - Review process is underway)
Ang Lifesciences India Ltd             FB – CC              ICRA BB+    130    Reaffirmed
                                                            (Stable)
Arya Cotton Industries                 FB Limits            ICRA BB-    150    Withdrawn
                                                            (Stable)
(ISSUER NOT COOPERATING)
Ashiana Landcraft Realty Pvt           NCD Series I         ICRA D      637.2  -
Ltd
(Rating downgraded from ICRA B- (Stable), Continues to remain under ‘Issuer Not Cooperating’
category)
Ashiana Landcraft Realty Pvt           NCD Series II        ICRA D      162.3  -
Ltd
(Rating downgraded from ICRA B- (Stable), Continues to remain under ‘Issuer Not Cooperating’
category)
Ashoka Dhankuni Kharagpur              FB -TL               ICRA BBB+   16060  Reaffirmed
Tollway Ltd                                                 (Stable)^
(^The ICRA BB+ rating was earlier denoted as ICRA BBB+(SO). In line with the SEBI guidelines,
ICRA has discontinued the use of the (SO) suffix alongside
Aster Dm Healthcare Ltd                LT Fund Based        ICRA        1360   -
                                                            A-(Stable)
(Reaffirmed assigned for enhanced limits)
Aster Dm Healthcare Ltd                LT TL                ICRA        500    -
                                                            A-(Stable)
Aster Dm Healthcare Ltd                LT Unallocated Limits ICRA       500    -
                                                            A-(Stable)
Atc Logistics Pvt Ltd                  Fund based – CC limit ICRA       50     -
                                                            B+(Stable)
(Downgraded from ICRA BB- (Stable), Continues to remain under ‘Issuer Not Cooperating’ category)
Atc Logistics Pvt Ltd                  Fund based – TL      ICRA        227.5  -
                                                            B+(Stable)
(Downgraded from ICRA BB- (Stable), Continues to remain under ‘Issuer Not Cooperating’ category)
Best Value Chem Pvt Ltd                FB TL                ICRA        252.3  Assigned
                                                            A+(Stable)
Best Value Chem Pvt Ltd                FB/Non-FB Working    ICRA        570    Assigned
                                       Capital Fac          A+(Stable)
Birla Group Holdings Pvt Ltd           NCD Programme        ICRA AA-    15000  Reaffirmed
                                                            (Stable)
Cdet Explosive Industries Pvt          BLR                  ICRA BBB+   400    -
Ltd                                                         (Stable) /
                                                            ICRA A2
(Reason for delay in carrying out periodic review: - Review process underway)
Chemtrade Overseas Pvt Ltd             LT - Fund Based CC   ICRA B+     50     -
                                                            (Stable)
(Downgraded from ICRA BB- (Stable), Continues to remain under ‘Issuer Not Cooperating’ category)
Chemtrade Overseas Pvt Ltd             LT - Non-Fund Based  ICRA B+     200    -
                                                            (Stable)
(Downgraded from ICRA BB- (Stable), Continues to remain under ‘Issuer Not Cooperating’ category)
Chhattisgarh Hydro Power Llp           Fund based – TL      ICRA BBB    1210   -
(Formerly Chhattisgarh Hydro                                (Stable)
Power (P) Ltd.)
(Reason for delay in carrying out periodic review: - Review process is underway)
Chhattisgarh Hydro Power Llp           Issuer Rating        ICRA BBB    -      -
(Formerly Chhattisgarh Hydro                                (Stable)
Power (P) Ltd.)
(Reason for delay in carrying out periodic review: - Review process is underway)
Chiddarwar Construction                LT Fund Based        ICRA        70     -
Company Pvt Ltd                                             B(Stable)
(Rating Continues to remain under issuer not cooperating category)
Edu Realty Wagholi School Llp          TL                   ICRA BBB-   174.5  -
                                                            (Stable)
(Reason for delay in carrying out periodic review: - Review process is underway)
Ganesh Grains Ltd                      Fund Based - CC      ICRA BBB    300    -
                                                            (Stable)
(Rating downgraded from ICRA A (Stable) and moved to the ‘Issuer Not Cooperating’ category)
Ganesh Grains Ltd                      Non Fund Based – BG  ICRA BBB    200    -
                                                            (Stable)/
                                                            ICRA A3+
(Ratings downgraded from ICRA A (Stable)/ ICRA A1 and moved to the ‘Issuer Not Cooperating’
category)
Ganesh Grains Ltd                      Unallocated Limits   ICRA BBB    250    -
                                                            (Stable)/
                                                            ICRA A3+
(Ratings downgraded from ICRA A (Stable)/ ICRA A1 and moved to the ‘Issuer Not Cooperating’
category)
Gokak Sugars Ltd                       FB TL                ICRA        5.3    Reaffirmed
                                                            B(Stable)
Green Gas Ltd                          Proposed TL          ICRA AA     5000   -
                                                            (Stable)
(Reason for delay in carrying out periodic review: Review process is underway)
Gulf Oil Lubricants India Ltd          FBL                  ICRA        1420   Reaffirmed
                                                            AA(Stable)
(outlook revised from Positive)
Hyderabad Metropolitan                 Issuer Rating        ICRA        -      -
Development Authority                                       A(Stable)
(Rating moved to the ‘Issuer Not Cooperating’ category)
Ic India Pvt. Ltd                      LT- CC               ICRA B+     25     -
                                                            (Stable)
(Rating downgraded from ICRA BB- (Stable) ISSUER NOT COOPERATING and continues to remain under
‘Issuer Not Cooperating’ category)
Ic India Pvt. Ltd                      LT- TL               ICRA B+     8      -
                                                            (Stable)
(Rating downgraded from ICRA BB- (Stable) ISSUER NOT COOPERATING and continues to remain under
‘Issuer Not Cooperating’ category)
Icici Bank Ltd                         ICICI Bk Ltd. (2005) ICRA AA(SO)  -     Reaffirmed
                                       MBS 1 (Aawas Trust
                                       Series 8) - Second Loss Facility
Icici Bank Ltd                         ICICI Bk Ltd. (2005) ICRA AA(SO)  -     Reaffirmed
                                       MBS 2 (Aawas Trust
                                       Series 5) -Second Loss Facility
Icici Bank Ltd                         ICICI Bk Ltd. (2005) ICRA AAA(SO) -     Reaffirmed
                                       MBS 1 (Aawas Trust
                                       Series 8) -PTC Series A2
Icici Bank Ltd                         ICICI Bk Ltd. (2005) ICRA AAA(SO) -     Reaffirmed
                                       MBS 1 (Aawas Trust
                                       Series 8) - PTC Series B^
(^ Initial investment by Series B PTC holders was nominal)
Icici Bank Ltd                         ICICI Bk Ltd. (2005) ICRA AAA(SO) -     Reaffirmed
                                       MBS 2 (Aawas Trust
                                       Series 5) -PTC Series A2
Icici Bank Ltd                         ICICI Bk Ltd. (2005) ICRA AAA(SO) -     Reaffirmed
                                       MBS 2 (Aawas Trust
                                       Series 5) -PTC Series B^
(^ Initial investment by Series B PTC holders was nominal)
India Infoline Finance Ltd             Shining Metal Trust  ICRA AAA(SO) -     Withdrawn
                                       August 2019 -PTC
                                       Series A
Industrial Chemical Works              FB – CC              ICRA        20     -
                                                            BB+(Stable)
(Reason for delay in carrying out periodic review: - Review process is underway)
Jayant Printery Llp                    LT Fund based CC     ICRA B+     52.5   -
                                                            (Stable)
(Rating downgraded from ICRA BB- (Stable) and continues to remain under ‘Issuer Not Cooperating’
category)
Jayant Printery Llp                    LT/ST Unallocated    ICRA B+     22     -
                                                            (Stable)/
                                                            ICRA A4
(Ratings downgraded from ICRA BB- (Stable)/ ICRA A4 and continue to remain in the ‘Issuer Not
Cooperating’ category.)
Jaymala Infrastructure Pvt Ltd         LT – Fund Based – TL ICRA        270    -
                                                            B+(Stable)
(Continues to remain under ‘Issuer Not Cooperating’ category)
K.C.Toolroom Pvt Ltd                   CC                   ICRA B+     135.6  -
                                                            (Stable)
(Rating downgraded from ICRA BB- (Stable) and continues to remain under ‘Issuer Not Cooperating’
category)
K.C.Toolroom Pvt Ltd                   TL                   ICRA B+     38     -
                                                            (Stable)
(Rating downgraded from ICRA BB- (Stable) and continues to remain under ‘Issuer Not Cooperating’
category)
Kalthia Priyheer                       Fund Based- TL       ICRA A-     520    -
Infrastructure Pvt Ltd                                      (CE)(Stable)
(Reason for delay in carrying out periodic review: - Review process is underway)
Kanani Polyfab Pvt Ltd                 LT/ ST - Unallocated ICRA B+     70     -
                                       Limits               (Stable) /
                                                            ICRA A4
(Rating downgraded from ICRA BB- (Stable) and Continues to remain under ‘Issuer Not Cooperating’
category.)
Kanani Polyfab Pvt Ltd                 LT - Fund based CC   ICRA        60     -
                                                            B+(Stable)
(Rating downgraded from ICRA BB- (Stable) and Continues to remain under ‘Issuer Not Cooperating’
category)
Khed Economic Infrastructure           Fund Based - TL      ICRA        4300   -
Pvt Ltd                                                     B-(Stable)
(Rating downgraded from ICRA B(Stable))
Kotak Infrastructure Debt Fund         NCD Programme        ICRA AAA    10000  Reaffirmed
Ltd                                                         (stable)
L.G. Balakrishnan & Bros Ltd           FB -TL               ICRA        100    Reaffirmed
                                                            AA(Stable)
L.G. Balakrishnan & Bros Ltd           FB - Working Capital ICRA        1250   Reaffirmed
                                       Fac                  AA(Stable)
M K Roy & Bros Projects Pvt Ltd        Fund based – CC      ICRA B+     51.5   -
                                                            (Stable)
(Rating Continues to remain under issuer not cooperating category)
M K Roy & Bros Projects Pvt Ltd        Non-Fund Based – BG  ICRA B+     45     -
                                                            (Stable) /
                                                            ICRA A4
(Rating Continues to remain under issuer not cooperating category)
M K Roy & Bros Projects Pvt Ltd        Unallocated Limit    ICRA B+     3.5    -
                                                            (Stable) /
                                                            ICRA A4
(Rating Continues to remain under issuer not cooperating category)
Mankind Biosys Pvt Ltd                 Fund based -TL       ICRA A      290    Reaffirmed
                                                            (Stable)
Mindspace Business Parks Reit          Issuer Rating        ICRA AAA    -      -
                                                            (Stable)
(Confirmed as final)
Mrs. Bectors Food Specialities         TL                   ICRA A+     1870   Reaffirmed
Ltd                                                         (Positive)
Mrs. Bectors Food Specialities         FBL                  ICRA A+     500    Reaffirmed
Ltd                                                         (Positive)
Mrs. Bectors Food Specialities         Unallocated          ICRA A+     195    Reaffirmed
Ltd                                                         (Positive)/
                                                            ICRA A1+
Multimech Engineers                    LT– Fund Based- CC   ICRA        25     -
                                                            B(Stable)
(Rating Continues to remain under ‘Issuer Not Cooperating’ category)
Multimech Engineers                    LT- Fund Based- TL   ICRA        14.6   -
                                                            B(Stable)
(Rating Continues to remain under ‘Issuer Not Cooperating’ category)
Multimech Engineers                    LT/ ST Unallocated Fac ICRA      1.4    -
                                                            B(Stable)/A4
(Rating Continues to remain under ‘Issuer Not Cooperating’ category)
Nandan Terry Pvt Ltd                   FB Limits            ICRA B+     3530   -
                                                            (Stable)
(Rating downgraded from ICRA BB+ Stable continues to remain under ‘Issuer Not Cooperating’
category)
Parasrampuria Engineers Pvt Ltd        Fund Based-TL        ICRA B+     60     -
                                                            (Stable)
(Downgraded from ICRA BB (Stable). Continues to remain under ‘Issuer Not Cooperating’ category)
Parasrampuria Engineers Pvt Ltd        Fund Based – CC      ICRA B+     20     -
                                                            (Stable)
(Downgraded from ICRA BB (Stable). Continues to remain under ‘Issuer Not Cooperating’ category)
Prerana Hospital Ltd                   LT TL                ICRA A-     685    Reaffirmed
                                                            (CE)
                                                            (Stable)
Prerana Hospital Ltd                   LT Fund Based        ICRA A-     75     Reaffirmed
                                                            (CE)
                                                            (Stable)
Rai Bahadur Raghbir Singh              LT Fund based TL     ICRA B+     154.1  -
Educational Society                                         (Stable)
(Reason for delay in carrying out periodic review: - Issuer delayed in giving information)
Relaxo Footwears Ltd                   CC                   ICRA AA     1400   Reaffirmed
                                                            (Stable)
Rikun Manufacturing Pvt Ltd            Fund based – LT – TL ICRA        69.5   -
                                                            BB-(Stable)
(Reason for delay in carrying out periodic review: Issuer delayed in giving information)
Rikun Manufacturing Pvt Ltd            Fund based – LT – CC ICRA        15     -
                                                            BB-(Stable)
(Reason for delay in carrying out periodic review: Issuer delayed in giving information)
Rikun Manufacturing Pvt Ltd            LT – unallocated     ICRA        5.5    -
                                       limits               BB-(Stable)
(Reason for delay in carrying out periodic review: Issuer delayed in giving information)
Same Deutz-Fahr India Pvt Ltd          Bk loan ratings      ICRA AA-    800    -
                                                            (Stable)/
                                                            ICRA A1+
(Reason for delay in carrying out periodic review: - Review process is underway)
Satya Microcapital Ltd                 Northern Arc 2019 MFI ICRA A(SO)  -     Reaffirmed
                                       Hala -PTC Series A2
Satya Microcapital Ltd                 Northern Arc 2019 MFI ICRA A(SO)  -     Reaffirmed
                                       Flynn -PTC Series A1
Satya Microcapital Ltd                 Vivriti Terrell 09   ICRA A(SO)  -      Reaffirmed
                                       2019 -PTC Series A1
Satya Microcapital Ltd                 Northern Arc MFI 2019 ICRA A(SO)  -     Reaffirmed
                                       Orion -PTC Series A1
Satya Microcapital Ltd                 Northern Arc MFI 2019 ICRA A(SO)  -     Reaffirmed
                                       Aneurin -PTC Series A1
Satya Microcapital Ltd                 BRYANT TRUST 2020    ICRA A-(SO) -      Reaffirmed
                                       -PTC Series A1
Satya Microcapital Ltd                 Triumph Series II -  ICRA A+(SO) -      Reaffirmed
                                       2019- PTC Series A1
Satya Microcapital Ltd                 Northern Arc 2019 MFI ICRA A+(SO) -     Reaffirmed
                                       Hala -PTC Series A1
Satya Microcapital Ltd                 Northern Arc 2019 MFI ICRA AA (SO)-      -
                                       Finnegan -PTC Series
                                       A2
(Rating upgraded to ICRA AA (SO) from ICRA BBB+SO)
Satya Microcapital Ltd                 Triumph Series 1 -   ICRA AA (SO)-      -
                                       2019 -PTC Series A1
(Rating upgraded to ICRA AA (SO) from ICRA A+SO)
Satya Microcapital Ltd                 Northern Arc 2019 MFI ICRA AAA    -      -
                                       Finnegan - PTC Series(SO)
                                       A1
(Rating upgraded to ICRA AAA (SO) from ICRA A+SO)
Satya Microcapital Ltd                 Northern Arc 2019 MFI ICRA        -      Reaffirmed
                                       Flynn -PTC Series A2  BBB+(SO)
Satya Microcapital Ltd                 Northern Arc MFI 2019 ICRA        -      Reaffirmed
                                       Orion -PTC Series A2  BBB+(SO)
Satya Microcapital Ltd                 Northern Arc MFI 2019 ICRA        -      Reaffirmed
                                       Aneurin -PTC Series A BBB+(SO)
Sehore Agri Services Pvt. Ltd          TL                   ICRA A-(CE) 115.2  Withdrawn
                                                            (Negative)
Sehore Agri Services Pvt. Ltd          CC                   ICRA A-(CE) -      Withdrawn
                                                            (Negative)
Shivangan Food And Pharma              LT Fund based CC     ICRA B      50     -
Products Pvt Ltd                                            (Stable)
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Shivangan Food And Pharma              LT TL                ICRA B      100    -
Products Pvt Ltd                                            (Stable)
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Shree Renuka Sugars Ltd                TL                   ICRA BBB+&  12864  -
(&-rating watch with developing implication)
Shree Renuka Sugars Ltd                CC                   ICRA BBB+&  5810   -
(&-rating watch with developing implication)
Shree Renuka Sugars Ltd                NCDs                 ICRA BBB+&  5521   -
(&-rating watch with developing implication)
Sohanlal Laxminarayan                  FB- CC               ICRA BB-    45     Assigned
                                                            (Stable)
Sohanlal Laxminarayan                  Non-FB- BG           ICRA BB-    50     Assigned
                                                            (Stable)
Sohanlal Laxminarayan                  Unallocated limits   ICRA BB-    3      Assigned
                                                            (Stable)
Tablets (India) Ltd                    LT: FB Fac           ICRA A-     325    Reaffirmed
Tablets (India) Ltd                    Proposed LT Fac      ICRA A-     198    Reaffirmed
Tata Asset Management Ltd              Tata Treasury        ICRA AAAmfs -      Withdrawn
                                       Advantage Fund
Tata Asset Management Ltd              Tata ST Bond Fund    ICRA AAAmfs -      Outstanding
Tata Asset Management Ltd              Tata Dynamic Bond Fund ICRA AAAmfs -    Outstanding
Tata Asset Management Ltd              Tata Income Fund     ICRA AAAmfs -      Outstanding
Td Toll Road Pvt Ltd                   Fund Based – TL      ICRA D      3014   -
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
The Government                         LT - Fund Based TL   ICRA D      6694.4 -
Tele-Communication Employees'
Co-Operative Society Ltd
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Tk Toll Road Pvt Ltd                   LT - Fund Based TL   ICRA D      3709.5 -
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Transworld Terminals Pvt Ltd           LT – FB TL           ICRA A-     500    -
                                                            (Stable)
(Upgraded from ICRA BBB (Stable) and removed from Issuer Not Cooperating category)
Trishul Buildtech &                    TL                   ICRA BBB+   2953.2 -
Infrastructures Pvt Ltd                                     (Stable)
(Reason for delay in carrying out periodic review: -Rating withdrawal process is underway)
Trpl Roadways Pvt Ltd –                TL                   ICRA A+(CE) -      Confirmed as
Provisional Rating Finalised                                (Stable)           final
Uti Asset Management Co. Ltd           UTI Capital          ICRA AAA(SO)-      Outstanding
                                       Protection Oriented -
                                       Scheme Series X - Plan 2
Uti Asset Management Co. Ltd           UTI Capital          ICRA AAA(SO)-      Outstanding
                                       Protection Oriented -
                                       Scheme Series IX - Plan 1
Uti Asset Management Co. Ltd           UTI Capital          ICRA AAA(SO)-      Outstanding
                                       Protection Oriented -
                                       - Scheme Series IX - Plan 2
Uti Asset Management Co. Ltd           UTI Capital          ICRA AAA(SO)-      Outstanding
                                       Protection Oriented -
                                       Scheme Series IX - Plan 3
Uti Asset Management Co. Ltd           UTI Floater Fund     ICRA AAAmfs -      Reaffirmed
Uti Asset Management Co. Ltd           UTI Treasury         ICRA AAAmfs -      Reaffirmed
                                       Advantage Fund -
Uti Asset Management Co. Ltd           UTI Ultra ST Fund    ICRA AAAmfs -      Reaffirmed
Uti Asset Management Co. Ltd           UTI Corporate Bond   ICRA AAAmfs -      Reaffirmed
                                       Fund
Uti Asset Management Co. Ltd           UTI Bond Fund        ICRA        -      Downgraded
                                                            BBB-mfs@           from ICRA
                                                                               BBBmfs@
(continues to be on rating watch with negative implications. 
@Under rating Watch with Negative Implications)
Uti Asset Management Co. Ltd           UTI Dynamic Bond Fund ICRA       -      Downgraded
                                                            BBB-mfs@           from ICRA
                                                                               BBBmfs@
(continues to be on rating watch with negative implications. 
@Under rating Watch with Negative Implications)
Uti Asset Management Co. Ltd           UTI Bking and PSU    ICRA        -      Downgraded
                                       Debt Fund -          BBB-mfs@           from ICRA
                                                                               BBBmfs@
(continues to be on rating watch with negative implications. 
@Under rating Watch with Negative Implications)
Vacmet India Ltd                       Issuer rating        ICRA A-     -      -
Vacmet India Ltd                       TL                   ICRA A-     1862.5 -
Vacmet India Ltd                       LT-Fund Based        ICRA A-     2500   -
Vama Infra                             LT: Fund based – TL  ICRA        200    -
                                                            B+(Stable)
(Rating downgraded from ICRA BB (Stable) and Continues to remain under ‘Issuer Not Cooperating’
category.)
Vimal Oil And Foods Ltd                FBL - CC             ICRA D      1620   -
(Rating moved to the ‘Issuer Not Cooperating’ category)
Vimal Oil And Foods Ltd                Non-FBL              ICRA D      5000   -
(Rating moved to the ‘Issuer Not Cooperating’ category)
--------------------------------------------------------------------------------------------
$: 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@refinitiv.com)
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