Aug 5 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA) for local debt instruments as of August 2, 2019. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------ ---------- ------ ----- --------- SHORT TERM RATINGS: ------------------- Caspian Impact Investments Pvt Fund Based – Working ICRA A2 200 Reaffirmed Ltd Capital Fac Ivalue Infosolutions Pvt Ltd ST - Fund Based ICRA A2 200 Upgraded from ICRA A3+ Ivalue Infosolutions Pvt Ltd ST - Non-Fund Based ICRA A2 270 Upgraded from ICRA A3+ Myoung Shin India Automotive ST non-fund based ICRA A3 - Reaffirmed Pvt Ltd sublimit Fac The Shipping Corporation Of ST Debt Programme ICRA A1+ 10000 Reaffirmed India Ltd Zinka Logistics Solutions Pvt ST FB Fac ICRA A4+ 5220 - Ltd Downgraded from ICRA A2+ (SO) for existing limits; rating of ICRA A4+ assigned to enhanced limits Zinka Logistics Solutions Pvt Unallocated ICRA A4+ 4780 - Ltd Downgraded from Provisional ICRA A2+ (SO) for existing limits; rating of ICRA A4+ assigned to enhanced limits LONG TERM RATINGS: ------------------- Andhra Expressway Pvt Ltd Non-fund based ICRA AA 279.2 outstanding Andhra Expressway Pvt Ltd Fund based-TL ICRA AA - Withdrawn Caspian Impact Investments Pvt NCD Programme ICRA BBB 1600 Reaffirmed Ltd (Positive) Caspian Impact Investments Pvt Fund Based – TL ICRA BBB 900 Reaffirmed Ltd (Positive) Electronica Finance Ltd Egret SBL IFMR ICRA AA-(SO) 13.8 Upgraded Capital 2016 PTC from ICRA Series A2 BBB+(SO) Electronica Finance Ltd Egret SBL IFMR ICRA AAA(SO) 306.6 Upgraded Capital 2016 PTC from ICRA Series A1 A+(SO) Electronica Finance Ltd MSE Loan Pool Trust – ICRA AAA(SO) 328.5 Upgraded X PTC Series A1 from ICRA AA-(SO) Electronica Finance Ltd MSE Loan Pool Trust – ICRA AAA(SO) 108.5 Upgraded XI PTC Series A1 from ICRA A+(SO) Ivalue Infosolutions Pvt Ltd LT - Fund Based - TL - - - Ivalue Infosolutions Pvt Ltd LT - Fund Based - CC ICRA AAA+ 170 Upgraded from ICRA BBB Ivalue Infosolutions Pvt Ltd LT / ST – Unallocated ICRA BBB+ / 320 Upgraded ICRA A2 from ICRA BBB / ICRA A3+ Kogta Financial India Ltd A.K. Avighna July ICRA A+(SO) 100.5 Assigned 2019 PTC Series A1 Myoung Shin India Automotive FB -TL ICRA BBB- 1901 Reaffirmed Pvt Ltd Myoung Shin India Automotive LT fund based ICRA BBB- 34.8 Reaffirmed Pvt Ltd Myoung Shin India Automotive LT fund based ICRA BBB- - Reaffirmed Pvt Ltd sublimit Fac Myoung Shin India Automotive LT unallocated Limits ICRA BBB- 164.2 Reaffirmed Pvt Ltd Northern Arc Capital Ltd Aye Finance Private ICRA BBB 320 Assigned Limited (Aye/AFPL) Northern Arc Capital Ltd ASA International ICRA BBB 170 Assigned India Microfinance Limited (ASA) Northern Arc Capital Ltd Kanakadurga Finance ICRA BBB- 320 Assigned Limited (Kanakadurga) Previously Rated Amount Northern Arc Capital Ltd Thirumeni Finance ICRA BBB+ 250 Assigned Private Limited (Varthana/TFPL) Rajahmundry Expressway Pvt Ltd Non-fund based ICRA AA 296.2 outstanding Rajahmundry Expressway Pvt Ltd Fund based-TL ICRA AA - Withdrawn Talwalkars Better Value NCD ICRA C 800 - Fitness Ltd Rating downgraded from ICRA B- (Negative) and continues to remain in the ‘Issuer Not Cooperating’ category The Shipping Corporation Of Issuer Rating1 ICRA AA- - Reaffirmed India Ltd Vayu Urja Bharat Pvt Ltd TL ICRA BBB & 8580 - placed on watch with developing implications -------------------------------------------------------------------------------------------- $: 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 email@example.com)
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