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ICRA ratings for Indian debt instruments-Feb 7
February 7, 2017 / 10:31 AM / 10 months ago

ICRA ratings for Indian debt instruments-Feb 7

Feb 7 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of February 6, 2017.

COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
------                                  ----------            ------      -----    ---------
Big Tiles                               Non-FBL               ICRA A4     15      Reaffirmed
Consultant Grade                        ST non-FBL            ICRA A3     20      Reaffirmed
Jaypee Infra Ventures                   Consultant Grade      CT2                 Assigned
Kvr Projects Pvt Ltd                    BG                    ICRA A4     300     Reaffirmed
United Breweries Ltd                    CP programme          ICRA A1+    5000    Outstanding

Big Tiles                               FB Limits             ICRA B+     82.5    Reaffirmed
Big Tiles                               Unallocated Amount    ICRA B+     58.8    Assigned
                                                              /ICRA A4
Choice International Ltd                LT Bk lines           ICRA BB+    180     Withdrawn
Consultant Grade                        LT FB limits          ICRA BBB-   300     Reaffirmed
Jainam Coatex Llp                       LT FB Limit           ICRA B      82.5    Reaffirmed
Kvr Projects Pvt Ltd                    CC                    ICRA BB     50      Reaffirmed
Kvr Projects Pvt Ltd                    Unallocated Limits    ICRA BB /   60      Reaffirmed
                                                              ICRA A4
Parvati Solvent Extraction Pvt          CC Limit              ICRA D      100     Reaffirmed
Parvati Solvent Extraction Pvt          TL                    ICRA D      27.1    Reaffirmed
United Breweries Ltd                    FB and non-FB Fac     ICRA AA-    8800    Outstanding
                                                              / ICRA 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wd -Rating Stands Withdrawn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

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