April 4, 2017 / 10:02 AM / 8 months ago

ICRA ratings for Indian debt instruments-Apr 4

    Apr 4 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of April 3, 2017.

COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
------                                  ----------            ------      -----    ---------
Aequs Engineered Plastics Pvt           Non-FBL               ICRA A3+     25.5    Assigned /
Ltd                                                                                outstanding
Aromatics (India) Pvt Ltd               NFBL – LOC/BG         ICRA A4      50      Reaffirmed
Bansal Alloys & Metals Pvt Ltd          NFBL- ST              ICRA A3      352     Reaffirmed
Smr Automotive Systems India            CP/ ST Debt Programme ICRA A1+     100     Reaffirmed

Aequs Engineered Plastics Pvt           TL                    ICRA BBB     160.5   Assigned /
Ltd                                                                                outstanding
Aequs Engineered Plastics Pvt           FBL                   ICRA BBB     90      Assigned /
Ltd                                                                                outstanding
Aromatics (India) Pvt Ltd               FBL – CC              ICRA BB-     200     Reaffirmed
Bansal Alloys & Metals Pvt Ltd          FBL- LT               ICRA BBB -   200     Reaffirmed
Bansal Iron & Steel Rolling             FBL- LT               ICRA BB+     90      Reaffirmed
Bansal Ispat Udyog                      FBL- LT               ICRA BB+     171.5   Reaffirmed
Bansal Ispat Udyog                      Unallocated Limits- LTICRA BB+     38.5    Reaffirmed
Government Of Telangana                 LT Debt Programme     Provisional  42500   Assigned
Entities                                                      ICRA A
Pnb Housing Finance Ltd                 NCD Programme         ICRA AA+     29000   Reaffirmed
Pnb Housing Finance Ltd                 Sub-debt/Tier-II      ICRA AA+     2000    Reaffirmed
                                        Bonds Programme
Swaraj Suiting Pvt Ltd                  FBL – CC              ICRA BB+     110     Assigned
Swaraj Suiting Pvt Ltd                  FBL – TL              ICRA BB+     390     Assigned
Tata Capital Financial                  Perpetual Debt        ICRA AA      1930    Assigned
Services Ltd                            Programme
Telangana Drinking Water                LT Bond Programme     Provisional  7500    Assigned
Supply Corporation Ltd                                        ICRA A
United Bank Of India                    Basel II Compliant    ICRA A-      5750    Reaffirmed
                                        Upper Tier II Bonds
United Bank Of India                    Basel II Compliant    ICRA A+      3500    Reaffirmed
                                        Lower Tier II Bonds
Vijay Exports                           Fund based/Non Fund   ICRA BB      150     Reaffirmed
                                        Based interchangeable
Water And Sanitation Pooled             LT Debt Programme     Provisional  800     Assigned
Fund                                                          ICRA AA

$: 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

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below