January 30, 2017 / 10:24 AM / 2 years ago

ICRA ratings for Indian debt instruments-Jan 30

Jan 30 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of January 27, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Anu Cashews                             Fund based facility   ICRA A4+    150     Reaffirmed
Anu Cashews                             Non-fund based        ICRA A4+            Reaffirmed
                                        facility
Iifl Facilities Services Ltd            ST Debt Programme     ICRA A1+    5000    Outstanding
Iifl Facilities Services Ltd            IPO Financing         ICRA A1+    12000   Outstanding
                                        Programme
Jm Financial Asset                      CP programme          ICRA A1+    7500    outstanding
Reconstruction Company Pvt Ltd
Sandhya Marines Ltd                     ST: FBL               ICRA A2+    550     Upgraded
                                                                                  from ICRA A2
Sandhya Marines Ltd                     ST: NFBL              ICRA A2+    65      Upgraded
                                                                                  from ICRA A2
Windlas Healthcare Pvt Ltd              ST - WCDL (sub-limit) ICRA A2+            Withdrawn


LONG TERM RATINGS:
-------------------
Anu Cashews                             CC                    ICRA BB             Reaffirmed
Asian Lakto Industries Ltd              LT - FBL              ICRA B+     130     Upgraded
                                                                                  from ICRA B
Cholamandalam Investment And            Second Loss Facility  ICRA A(SO)  118.7   Final Ratings
Finance Co. Ltd - Platinum                                                         
2016
Cholamandalam Investment And            PTCs                  ICRA AAA    2498.5  Final Rating
Finance Co. Ltd - Platinum                                    (SO)                 
Trust August 2016
Cholamandalam Investment And            Second Loss Facility  ICRA A(SO)  119.5   Final Rating
Finance Co. Ltd -Platinum
Trust September 2016
Cholamandalam Investment And            PTCs                  ICRA AAA    2987.9  Final Rating
Finance Co. Ltd -Platinum                                     (SO)
Trust September 2016
Electronica Finance Ltd                 PTC Series A          ICRA AAA    375.2   Withdrawn
-Mse Loan Pool Trust IV                                       (SO)
G.G. Tronics India Pvt Ltd              LT-CC                 ICRA D      50      Reaffirmed
G.G. Tronics India Pvt Ltd              LT-TL                 ICRA D      100     Reaffirmed
Iifl Facilities Services Ltd            Unsecured Debt        ICRA AA     500     Assigned
                                        Programme
Iifl Facilities Services Ltd            LT Debt Programme     ICRA AA     7000    Outstanding
Jm Financial Asset                      NCD Programme         ICRA AA-    1250    Assigned
Reconstruction Company Pvt Ltd
Jm Financial Asset                      NCD Programme         ICRA AA-    5250    Outstanding
Reconstruction Company Pvt Ltd
Jm Financial Asset                      LT Bk lines           ICRA AA-    6500    Outstanding
Reconstruction Company Pvt Ltd
Krishnaiah Motors Pvt Ltd               CC                    ICRA B+     245     Reaffirmed /
                                                                                  Assigned
Sandhya Marines Ltd                     LT: Fund based        ICRA A-             Upgraded
                                        sub-limits                                from
                                                                                  ICRA BBB+
Sandor Lifesciences Pvt Ltd             NCD                   ICRA  B     350     Reaffirmed
Shriram Transport Finance Co.           PTCs                  ICRA AAA    4132.2  Final Rating
Ltd -Sansar Trust Sep 2016                                    (SO)
Shriram Transport Finance Co.           Second Loss Facility  ICRA BBB    247.9   Final Rating
Ltd -Sansar Trust Sep 2016                                    (SO)
Windlas Healthcare Pvt Ltd              LT - CC               ICRA BBB+   50      Withdrawn
--------------------------------------------------------------------------------------------
$: 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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