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ICRA ratings for Indian debt instruments-May 8
May 8, 2017 / 10:41 AM / 7 months ago

ICRA ratings for Indian debt instruments-May 8

    May 8 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of May 5, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
B.P. Food Products Pvt Ltd              ST: Non-FBL           ICRA A3      450     Downgraded
                                                                                   from
                                                                                   ICRA A3+
Edelweiss Finvest Pvt Ltd               CP Programme          ICRA A1+     10000   Outstanding
Edelweiss Finvest Pvt Ltd               CP Programme (IPO     ICRA A1+     1000    Withdrawn
                                        Financing)
Edelweiss Finvest Pvt Ltd               ST Principal          PP-MLDICRA   1500    Outstanding
                                        Protected Market      A1+
                                        Linked Debenture Programme
Reliance Communications Ltd             ST FB/Non-FBL         ICRA A4      73140   Downgraded
                                        (including                                 from
                                        unallocated)                               ICRA A3+
Reliance Communications Ltd             CP (CP) Programme     ICRA A4      20000   Downgraded
                                                                                   from
                                                                                   ICRA A3+
Reliance Infratel Ltd                   ST Fund based/Non-FBL ICRA A4      2450    Downgraded
                                                                                   to ICRA A3+
Reliance Infratel Ltd                   ST Debt (STD)         ICRA A4      10000   Downgraded
                                        Programme                                  to ICRA A3+
Reliance Telecom Ltd                    ST Non-FBL            ICRA A4      7840    Downgraded
                                                                                   from
                                                                                   ICRA A3+
Reliance Telecom Ltd                    CP (CP) Programme     ICRA A4      5000    Downgraded
                                                                                   from
                                                                                   ICRA A3+
Rolex Lanolin Products Ltd              Non-FBL               ICRA A4      2.5     Reaffirmed
Rolex Lanolin Products Ltd              Non-FBL               ICRA A4      #       Reaffirmed
# Sub limit within fund based cash credit limit of Rs. 4.95 crore
Triveni Engineering &                   Non FB Limits         ICRA A1+     3583.4  Upgraded
Industries Ltd                                                                     from ICRA A1
Triveni Engineering &                   CP/ ST Debt Programme ICRA A1+     250     Upgraded
Industries Ltd                                                                     from ICRA A1


LONG TERM RATINGS:
-------------------
B.P. Food Products Pvt Ltd              LT: FB limits         ICRA BBB-    750     Downgraded
                                                                                   from
                                                                                   ICRA BBB
B.P. Food Products Pvt Ltd              LT: TL                ICRA BBB-    612.9   Downgraded
                                                                                   from
                                                                                   ICRA BBB
B.P. Food Products Pvt Ltd              LT/ST: Unallocated    ICRA BBB-    187.1   Downgraded
                                        limits                /A3                  from
                                                                                   ICRA BBB/A3+
Chandralok Textile Industries           FB Limits             ICRA B-      93.2    Reaffirmed
Pvt Ltd
Edelweiss Finvest Pvt Ltd               NCD Programme         ICRA AA      6000    Outstanding
Edelweiss Finvest Pvt Ltd               Bk Lines              ICRA AA      5000    Outstanding
Edelweiss Finvest Pvt Ltd               LT Principal          PP-MLDICRA   6000    Outstanding
                                        Protected Market      AA
                                        Linked Debenture Programme
Electronic Payment And                  TL                    ICRA BBB     802.5   Assigned /
Services Pvt Ltd                                                                   Outstanding
Electronic Payment And                  Unallocated Limits    ICRA BBB     247.5   Assigned
Services Pvt Ltd
Harpyari Devi Welfare Society           FB Limits             ICRA BB+     243.5   Reaffirmed
Innovador Traders Pvt Ltd               NCDs (NCDs)           ICRA AA-     5150    Outstanding
Innovador Traders Pvt Ltd               NCDs (NCDs)           Prov ICRA    4150    Assigned
                                                              AA-
Janalakshmi Financial Services          PTC Series A1         ICRA BBB+    2077.5  Withdrawn
Pvt. Ltd.
Kaya Knits                              FBL                   ICRA B       99      Reaffirmed
Kaya Knits                              Unallocated limits    ICRA B /A4   1       Reaffirmed
Reliance Communications Ltd             NCD (NCD) Programme   ICRA BB      50000   Downgraded
                                                                                   from
                                                                                   ICRA BBB
Reliance Communications Ltd             LT FB/Non-FBL         ICRA BB      281160  Downgraded
                                        (including                                 from
                                        unallocated)                               ICRA BBB
Reliance Infratel Ltd                   LT FB Limits          ICRA BB      22710   Downgraded
                                        (including                                 from ICRA BBB
                                        unallocated)
Reliance Telecom Ltd                    LT FB (including      ICRA BB      8120    Downgraded
                                        unallocated)                               from  ICRA 
                                                                                   BBB
Rolex Lanolin Products Ltd              FB Limits             ICRA B       105.1   Downgraded
                                                                                   from ICRA B+
Rolex Lanolin Products Ltd              Unallocated Limits    ICRA B       30.9    Downgraded
                                                                                   from
                                                                                   ICRA B+/A4
Triveni Engineering &                   FB Limits             ICRA A+      14250   Upgraded
Industries Ltd                                                                     from ICRA A
Triveni Engineering &                   TL                    ICRA A+      2927.6  Upgraded
Industries Ltd                                                                     from ICRA A
--------------------------------------------------------------------------------------------
$: 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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