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ICRA ratings for Indian debt instruments-Apr 6
April 6, 2017 / 10:30 AM / 8 months ago

ICRA ratings for Indian debt instruments-Apr 6

    Apr 6 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of April 5, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
A S Moloobhoy Pvt Ltd                   Non-FBL               ICRA A4+     70      Reaffirmed
B. Vijaykumar & Co.                     Unallocated Limits    ICRA A4      150     Reaffirmed
B. Vijaykumar & Co.                     FB Working Capital FacICRA A4      550     Reaffirmed
Canara Robeco Asset Management          Canara Robeco Savings ICRA A1+mfs  -       Reaffirmed
Co. Ltd                                 Plus Fund
Canara Robeco Asset Management          Canara Robeco Liquid  ICRA A1+mfs  -       Reaffirmed
Co. Ltd
Development Consultants Pvt Ltd         FB Bk Fac             ICRA A1      5       Reaffirmed
Development Consultants Pvt Ltd         Non-fund based Bk Fac ICRA A1      425     Reaffirmed
Ricasil Ceramic Industries Pvt          NFBL                  ICRA A3      272.4   Upgraded
Ltd                                                                                from
                                                                                   ICRA A4+
Servocontrols & Hydraulics (I)          ST - Interchangeable  ICRA A4      7.5     Outstanding
Pvt Ltd                                 Limit
Servocontrols & Hydraulics (I)          ST - Non FBL          ICRA A4      34      Outstanding
Pvt Ltd


LONG TERM RATINGS:
-------------------
A S Moloobhoy Pvt Ltd                   FBL                   ICRA BB      10      Reaffirmed
A S Moloobhoy Pvt Ltd                   Unallocated limits    ICRA BB /    100     Reaffirmed
                                                              ICRA A4
Canara Robeco Asset Management          Canara Robeco Medium  ICRA AA+mfs  -       Reaffirmed
Co. Ltd                                 Term Opportunities
                                        Fund
Canara Robeco Asset Management          Canara Robeco Indigo  ICRA         -       Reaffirmed
Co. Ltd                                 Fund                  AAAdebtmfs
Canara Robeco Asset Management          Canara Robeco Capital ICRA AAAmf   -       Reaffirmed
Co. Ltd                                 Protection Oriented
                                        Fund -Series III
Canara Robeco Asset Management          Canara Robeco         ICRA AAAmfs  -       Reaffirmed
Co. Ltd                                 Treasury Advantage
                                        Fund
Canara Robeco Asset Management          Canara Robeco ST Fund ICRA AAAmfs  -       Reaffirmed
Co. Ltd
Development Consultants Pvt Ltd         FB Bk Fac             ICRA A       70      Reaffirmed
Development Consultants Pvt Ltd         TL                    ICRA A       150     Reaffirmed
Dian Energy B.V.                        TL                    ICRA A+      -       Reaffirmed
Ge Power India Ltd                      FBL                   ICRA AA      350     Reaffirmed
Ge Power India Ltd                      LT/ST NonFBL          ICRA AA /    26500   Reaffirmed
                                                              ICRA A1+
Ge Power India Ltd                      Unallocated           ICRA AA /    5150    Reaffirmed
                                                              ICRA A1+
Kothari Cars Pvt Ltd                    LT: FBL               ICRA BBB     177.5   Reaffirmed
Kothari Cars Pvt Ltd                    LT: Non Fund based    ICRA BBB     0.3     Reaffirmed
Kothari Cars Pvt Ltd                    Unallocated           ICRA BBB     22.2    Reaffirmed
Megha Marketing                         Fund Based            ICRA BB+     150     Reaffirmed
Reliance Home Finance Ltd               PTC Series A          Provisional  855     Assigned
                                                              ICRA AAA
Ricasil Ceramic Industries Pvt          CC Limits             ICRA BBB-    700     Upgraded
Ltd                                                                                from
                                                                                   ICRA BB+
Ricasil Ceramic Industries Pvt          TL                    ICRA BBB-    992.6   Upgraded
Ltd                                                                                from
                                                                                   ICRA BB+
Servocontrols & Hydraulics (I)          TL                    ICRA B+      8.3     Outstanding
Pvt Ltd
Servocontrols & Hydraulics (I)          LT - FBL              ICRA B+      65      Outstanding
Pvt Ltd
Servocontrols & Hydraulics (I)          LT - Unallocated      ICRA B+      2.7     Outstanding
Pvt Ltd
Shriram Transport Finance Co.           Series A PTC          Provisional  9002.2  Assigned
Ltd                                                           ICRA AAA
Shriram Transport Finance Co.           Second Loss Facility  Provisional  540.1   Assigned
Ltd                                                           ICRA BBB
Shyam Enterprises                       FBL                   ICRA B+      94.9    Downgraded
                                                                                   from
                                                                                   ICRA BB-
Shyam Enterprises                       Unallocated Limits    ICRA B+      21.1    Downgraded
                                                                                   from
                                                                                   ICRA BB-
Tirumala Educational Institutes         CC Limits             ICRA B+      2       Reaffirmed
Tirumala Educational Institutes         TL                    ICRA B+      97.4    Reaffirmed
Tirumala Educational Institutes         Unallocated Limits    ICRA B+      0.6     Reaffirmed
Trends In Vogue Pvt Ltd                 NCDs (NCDs)           Provisional
                                                              ICRA AAA     5250    Assigned
                                                              
--------------------------------------------------------------------------------------------
$: 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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