November 19, 2018 / 11:19 AM / 9 months ago

RPT-ICRA ratings for Indian debt instruments-Nov 19

 (Repeating to add additional ratings as of November 16, 2018)
    Nov 19 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of November 16, 2018.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Nayara Energy Ltd                       CP                    ICRA A1+     2000    Assigned
Yes Bank Ltd                            CD                    ICRA A1+     200000  outstanding
Pmr Construction Company                ST – Non-fund based   ICRA A4      150
Issuer Not Cooperating
Rifah Shoes Pvt Ltd                     ST – FB               ICRA A4      120
Issuer Not Cooperating
Trimurthi Hitech Company Pvt            ST – Non-fund based   ICRA A4      27.5
Ltd
Issuer Not Cooperating
Varadharaja Foods Pvt Ltd               ST – NonFB Fac        ICRA A4
                                        (sub-limit)
Issuer Not Cooperating

LONG TERM RATINGS:
-------------------
Ambica Agarbathies Aroma &              Fund based-TL         ICRA B       660     Withdrawn
Industries Ltd
Ambica Agarbathies Aroma Amp;           FB limits             ICRA BB      180     Withdrawn
Industries Ltd
Auto Carriage Pvt Ltd                   FBL – CC              ICRA BB-     125     Withdrawn
Bohra Exports Pvt Ltd                   FBL – CC              ICRA BB      110     Withdrawn
Bohra Exports Pvt Ltd                   Non-FBL – LC          ICRA BB      850     Withdrawn
                                                              /ICRA A4+
Bohra Exports Pvt Ltd                   Proposed Limits Name  ICRA BB      540     Withdrawn
                                        of the rated entity   /ICRA A4+
Frostees Export (India) Pvt Ltd         FB limits             ICRA AAA(SO) 180     Withdrawn
Frostees Export (India) Pvt Ltd         Non FB limits         ICRA BB      10      Withdrawn
Frostees Export (India) Pvt Ltd         Untied limits         ICRA BB      810     Withdrawn
                                                              /ICRA A4+
New Vardhman Vitrified Pvt Ltd          Fund based-TL         ICRA B       660     Withdrawn
New Vardhman Vitrified Pvt Ltd          Fund based-TL         ICRA D       198.2   Revised from
                                                                                   ICRA B
Moved to ‘Issuer Not Cooperating’ category due to non submission of no default statement
New Vardhman Vitrified Pvt Ltd          Fund based-CC         ICRA D       150     Revised from
                                                                                   ICRA B
Moved to ‘Issuer Not Cooperating’ category due to non submission of no default statement
New Vardhman Vitrified Pvt Ltd          Non Fund based-BG     ICRA D       67.5    Revised from
                                                                                   ICRA A4
Moved to ‘Issuer Not Cooperating’ category due to non submission of no default statement
New Vardhman Vitrified Pvt Ltd          Non Fund              ICRA D       -       Revised from
                                        based-Foreign LOC*                         ICRA A4
Moved to ‘Issuer Not Cooperating’ category due to non submission of no default
statement,*sub-limit of term loan
New Vardhman Vitrified Pvt Ltd          Non Fund based- LOC#  ICRA D       -       Revised from
                                                                                   ICRA A4
Moved to ‘Issuer Not Cooperating’ category due to non submission of no default
statement,#sub-limit of cash credi
New Vardhman Vitrified Pvt Ltd          Unallocated Limits    ICRA D       431.8   Revised from
                                                                                   ICRA B / A4
Moved to ‘Issuer Not Cooperating’ category due to non submission of no default statement
Reliance Home Finance Ltd               Indian Receivable     ICRA AAA(SO) 655     Reaffirmed
                                        Trust 5 PTC Series A
Reliance Home Finance Ltd               Indian Receivable     ICRA AAA(SO) 500.8   Reaffirmed
                                        Trust 9 PTC Series A
Reliance Home Finance Ltd               RHF Indian Receivable ICRA AAA(SO) 804.6   Reaffirmed
                                        PTC Series A Trust 1
                                        2017
Reliance Home Finance Ltd               RHF Indian Receivable ICRA AAA(SO) 855     Reaffirmed
                                        PTC Series A Trust 2
                                        2017
Reliance Home Finance Ltd               RHF Indian Receivable ICRA AAA(SO) 987.4   Assigned
                                        PTC Series A Trust 3
                                        2017
Tenshi Kaizen Pvt Ltd                   LT: TL                ICRA BBB(SO) 900     Assigned
Yes Bank Ltd                            ST Fixed Deposit NA   -            -       outstanding
                                        Programme
Yes Bank Ltd                            Basel II Compliant    ICRA AA      -       Withdrawn
                                        Upper Tier II Bond
                                        Programme
Yes Bank Ltd                            Basel III Compliant   ICRA AA      108000  -
                                        Additional Tier       (hyb) @
                                        10,800.00 I Bond Programme
placed on rating watch with negative implication
Yes Bank Ltd                            Basel II Compliant    ICRA AA @    13441   -
                                        Upper Tier II Bond
                                        Programme
placed on rating watch with negative implication
Yes Bank Ltd                            Basel II Compliant    ICRA AA @    4610    -
                                        Upper Tier I Bond
                                        Programme
placed on rating watch with negative implication
Yes Bank Ltd                            Basel III Compliant   ICRA AA+     109000  -
                                        Tier II Bond Programme(hyb) @
placed on rating watch with negative implication
Yes Bank Ltd                            Basel II Compliant    ICRA AA+ @   25306   -
                                        Lower Tier II Bond
                                        Programme
placed on rating watch with negative implication
Yes Bank Ltd                            Infrastructure Bond   ICRA AA+ @   70300   -
                                        Programme
placed on rating watch with negative implication
Atc Foods Pvt Ltd                       CC                    ICRA BB-     650
Issuer Not Cooperating
Pmr Construction Company                LT – FB               ICRA B+      50
Issuer Not Cooperating
Rajapushpa Properties Pvt Ltd           Fund based -TL        ICRA BB+     600
Removed from the ‘ISSUER NOT COOPERATING’ category as the company has now submitted its ‘No
Default Statement'
Rajapushpa Properties Pvt Ltd           Unallocated Limits    ICRA BB+     250
Removed from the ‘ISSUER NOT COOPERATING’ category as the company has now submitted its ‘No
Default Statement'
Ranganathan Rajeswari                   LT – TL               ICRA D       85
Charitable Trust
Issuer Not Cooperating
Reliance Commercial Finance             PTC Series A          ICRA AAA             Reaffirmed
Ltd- Indian Receivable Trust 10                               (SO)
Shri Ganesh Agro Foods                  LT Unallocated        ICRA BB-     500
Issuer Not Cooperating
Sort India Enviro Solutions Ltd         NCDs                  ICRA D       80
Issuer Not Cooperating
Sri Ramakrishnaa Textiles               LT – FB               ICRA B       73.6
Issuer Not Cooperating
Sri Ramakrishnaa Textiles               LT – Unallocated limitICRA B       26.4
Issuer Not Cooperating
Suraj Products Ltd                      Bk Fac                ICRA BB/     240
                                                              ICRA A4
Review process is underway
Thirumala Knit Finisher                 LT – TL               ICRA B       37.8
Issuer Not Cooperating
Thirumala Knit Finisher                 LT – CC               ICRA B       20
Issuer Not Cooperating
Thirumala Knit Finisher                 Long / ST –           ICRA B /     42.2
                                        Unallocated facility  ICRA A4
Issuer Not Cooperating
Trimurthi Hitech Company Pvt            LT – FB               ICRA C+      47.5
Ltd
Issuer Not Cooperating
Trimurthi Hitech Company Pvt            LT/ST – Unallocated   ICRA C+/     25
Ltd                                                           ICRA A4
Issuer Not Cooperating
Varadharaja Foods Pvt Ltd               LT – TL               ICRA BB      2.7
Issuer Not Cooperating
Varadharaja Foods Pvt Ltd               LT – Fund based       ICRA BB      70
                                        facility
Issuer Not Cooperating
Varadharaja Foods Pvt Ltd               Long/ ST -            ICRA BB/     77.3
                                        Unallocated facility  ICRA A4
Issuer Not Cooperating

--------------------------------------------------------------------------------------------
$: 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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