May 25, 2017 / 10:54 AM / 6 months ago

ICRA ratings for Indian debt instruments-May 25

    May 25 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of May 24, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Invesco Asset Management                Invesco India Credit  ICRA A1+mfs  -       Reaffirmed
(India) Pvt Ltd                         Opportunities Fund
Iscon Balaji Foods Pvt Ltd              Non - FBL             ICRA A3+     36.5    Assigned
Invesco Asset Management                Invesco India Ultra   ICRA AAAmfs  -       Reaffirmed
(India) Pvt Ltd                         ST Fund


LONG TERM RATINGS:
-------------------
Bhopal Dhule Transmission Co.           NCDs 1 (Proposed)     Provisional  150     Assigned
Ltd                                                           ICRA AAA
Bhopal Dhule Transmission Co.           NCDs 2 (Proposed)     Provisional  7200    Outstanding
Ltd                                                           ICRA AAA
Blue Dart Aviation Ltd                  LT, FBL               ICRA AA      100     Outstanding
Blue Dart Aviation Ltd                  LT / ST, non-FBL      ICRA AA /    750     Outstanding
                                                              A1+
Embee Software Pvt Ltd                  FB Limits             ICRA BBB )/  1950    Reaffirmed
                                                              ICRA A3+
Embee Software Pvt Ltd                  Non-FB Limits         ICRA BBB )/  1700    Reaffirmed
                                                              ICRA A3+
Embee Software Pvt Ltd                  Non-FB Limits         ICRA BBB )/  2090    Reaffirmed
                                                              ICRA A3+
Harisons & Harlaj Ltd                   LT/ST FB              ICRA BB- /   1500    Upgraded
                                                              ICRA A4;             from ICRA]B+
                                                                                   ;Reaffirmed
Invesco Asset Management                Invesco India Active  ICRA AAAmfs  -       Reaffirmed
(India) Pvt Ltd                         Income Fund
Invesco Asset Management                Invesco India Bk Debt ICRA AAAmfs  -       Reaffirmed
(India) Pvt Ltd                         Fund
Invesco Asset Management                Invesco India ST Fund ICRA AAAmfs  -       Reaffirmed
(India) Pvt Ltd
Iscon Balaji Foods Pvt Ltd              FBL                   ICRA BBB     581.8   Assigned /
                                                                                   outstanding
Ongc Petro Additions Ltd                Compulsorily          -            -       Assigned
                                        Convertible Debenture
                                        (CCD1)
Ongc Petro Additions Ltd                Compulsorily          ICRA AAA     56150   Outstanding
                                        Convertible Debenture
                                        (CCD 2)
Sonata Finance Pvt Ltd                  PTC Series A1         ICRA AA-(SO) -       Withdrawn
-Cavatina
Ifmr Capital
2015
Sonata Finance Pvt Ltd                  PTC Series A1         ICRA A+(SO)  -       Withdrawn
-Mithras Ifmr
Capital 2015
Vipul Ltd                               LT: Fund based        ICRA B+      3000    Withdrawn
Vipul Ltd                               Non fund based        ICRA B+      4512    Withdrawn
Vipul Ltd                               Unallocated limits    ICRA B+      488     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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