April 12, 2019 / 11:27 AM / 2 months ago

ICRA ratings for Indian debt instruments-Apr 12

    Apr 12 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of April 11, 2019.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Aditya Birla Sun Life Amc Ltd           Aditya Birla Sun Life ICRA A1+mfs  -       Assigned
                                        Overnight Fund
Aditya Birla Sun Life Amc Ltd           Aditya Birla Sun Life ICRA A1+mfs  -       Outstanding
                                        Liquid Fun
Gold Plus Glass Industry Ltd            ST Non-FBL            ICRA A3+     497.9   Upgraded
                                                                                   from ICRA A3
(Rating watch removed)
Housing And Urban Development           CP Programme          ICRA A1+     100000  Assigned
Corporation Ltd
Housing And Urban Development           Short-TL              ICRA A1+     48975   Assigned
Corporation Ltd
Iifl Wealth Finance Ltd                 CP Programme (IPO     ICRA A1+     30000   Assigned
                                        Financing)
Iifl Wealth Finance Ltd                 CP programme          ICRA A1+     30000   Outstanding
Iifl Wealth Management Ltd              CP programme (IPO     ICRA A1+     20000   Assigned
                                        Financing)
Iifl Wealth Management Ltd              CP programme          ICRA A1+     5000    Outstanding
Indiabulls Housing Finance Ltd          CP Programme          ICRA A1+     250000  Reaffirmed
Infina Finance Pvt Ltd                  CP Programme (IPO     ICRA A1+     80000   Assigned
                                        financing)
Infina Finance Pvt Ltd                  CP Programme          ICRA A1+     12000   Outstanding
Kotak Mahindra Investments Ltd          CP Programme (IPO     ICRA A1+     20000   Assigned
                                        Financing)
Kotak Mahindra Investments Ltd          CP Programme          ICRA A1+     55000   Outstanding
Team Computers Pvt Ltd                  ST - Fund based       ICRA A2      150     Upgraded
                                                                                   from ICRA A3+
Utkarsh Small Finance Bank Ltd          CD Programme          ICRA A1+     10000   Upgraded
                                                                                   from ICRA A1
Vineet Polyfab Pvt. Ltd                 FB – PC/FBP/FBD       ICRA A4+     -       Withdrawn
                                        (Sub-limit of CC)
Vineet Polyfab Pvt. Ltd                 Non-fund based – BG   ICRA A4+     10      Withdrawn


MEDIUM TERM RATINGS:
-------------------
Housing And Urban Development           Fixed Deposit         MAAA         -       Outstanding
Corporation Ltd                         Programme



LONG TERM RATINGS:
-------------------
Aditya Birla Sun Life Amc Ltd           Aditya Birla Sun Life ICRA AAAmfs  -       Outstanding
                                        Money Manager Fund
Aditya Birla Sun Life Amc Ltd           Aditya Birla Sun Life ICRA AAAmfs  -       Outstanding
                                        Savings Fund
Aditya Birla Sun Life Amc Ltd           Aditya Birla Sun Life ICRA AAAmfs  -       Outstanding
                                        Low Duration Fund
Aditya Birla Sun Life Amc Ltd           Aditya Birla Sun Life ICRA AAAmfs  -       Outstanding
                                        Floating Rate Fund –
                                        LT Plan
Aditya Birla Sun Life Amc Ltd           Aditya Birla Sun Life ICRA AAmfs@  -       Outstanding
                                        ST Opportunities Fund
@Under rating watch with negative implications
Aye Finance (P) Ltd                     NCD Programme         ICRA A-      200     confirmed as
                                                                                   final
Aye Finance (P) Ltd                     NCD Programme         ICRA BBB     4438    Outstanding
Aye Finance (P) Ltd                     Fund Based - TL       ICRA BBB     556     Outstanding
Dewan Housing Finance                   PTC Series A2         ICRA         -       Reaffirmed
Corporation Ltd - Nirmaan                                     AA-(SO)&
Rmbs Trust Series I 2013
&: The symbol implies that the ratings are under Watch with Developing Implications
Dewan Housing Finance                   PTC Series A1         ICRA         -       Reaffirmed
Corporation Ltd - Nirmaan                                     AAA(SO)&
Rmbs Trust Series I 2013
&: The symbol implies that the ratings are under Watch with Developing Implications
Dewan Housing Finance                   PTC Series A1         ICRA         -       Reaffirmed
Corporation Ltd - Nirmaan                                     AAA(SO)&
Rmbs Trust Series I 2017
&: The symbol implies that the ratings are under Watch with Developing Implications
Dewan Housing Finance                   Second Loss Facility  ICRA         -       Reaffirmed
Corporation Ltd - Nirmaan               (SLF)                 BBB(SO)&
Rmbs Trust Series I 2017
&: The symbol implies that the ratings are under Watch with Developing Implications
Dewan Housing Finance                   PTC Series A1         ICRA         -       Reaffirmed
Corporation Ltd - Nirmaan                                     AAA(SO)&
Rmbs Trust Series Ii 2017
&: The symbol implies that the ratings are under Watch with Developing Implications
Dewan Housing Finance                   Purchaser Payouts     ICRA         -       Reaffirmed
Corporation Ltd - Dhfl                                        AAA(SO)&
Mortgage Loan Pool D.A. Feb-12
&: The symbol implies that the ratings are under Watch with Developing Implications
Dewan Housing Finance                   Purchaser Payouts     ICRA         -       Reaffirmed
Corporation Ltd - Dhfl                                        AAA(SO)&
Mortgage Loan Pool D.A. Feb-12
&: The symbol implies that the ratings are under Watch with Developing Implications
Dewan Housing Finance                   Purchaser Payouts     ICRA         -       Reaffirmed
Corporation Ltd - Dhfl                                        AAA(SO)&
Mortgage Loan Pool D.A. Jan-12
&: The symbol implies that the ratings are under Watch with Developing Implications
Gold Plus Glass Industry Ltd            TL                    ICRA BBB     5335.6  Upgraded
                                                                                   from ICRA
                                                                                   BBB-
(Rating watch removed)
Gold Plus Glass Industry Ltd            CC                    ICRA BBB     1060.4  Upgraded
                                                                                   from ICRA
                                                                                   BBB-
(Rating watch removed)
Housing And Urban Development           LT Borrowing          ICRA AAA     300000  Assigned
Corporation Ltd                         Programme FY2020
Housing And Urban Development           LT Borrowing          ICRA AAA     487200  Outstanding
Corporation Ltd                         Programmes up to
                                        FY2019
Housing And Urban Development           Fund Based – TL       ICRA AAA     55410.3 Assigned
Corporation Ltd
Housing And Urban Development           Fund Based – CC       ICRA AAA     47500   Outstanding
Corporation Ltd
Housing And Urban Development           Non-fund Based        ICRA AAA     11125.6 Outstanding
Corporation Ltd
Housing And Urban Development           Unallocated           ICRA AAA /   86989.1 Assigned
Corporation Ltd                                               ICRA A1+
Iifl Wealth Finance Ltd                 NCD Programme         ICRA AA      10000   Outstanding
Iifl Wealth Finance Ltd                 Unsecured NCD         ICRA AA      6500    Outstanding
                                        programme
Iifl Wealth Finance Ltd                 LT principal          PP-MLDICRA   10000   Outstanding
                                        protected market      AA
                                        linked debenture programme
Iifl Wealth Finance Ltd                 LT principal          PP-MLDICRA   35500   Outstanding
                                        protected market      AA
                                        linked debenture programme
Iifl Wealth Management Ltd              Secured NCD programme ICRA AA      1000    Outstanding
India Infoline Finance Ltd              PTC Series A          ICRA AAA     -       Outstanding
Robust Cv Trust Aug 2016
India Infoline Finance Ltd              PTC Series A          ICRA AAA     -       Outstanding
Robust Cv Trust Dec 2016
India Infoline Finance Ltd              PTC Series A          ICRA AAA     -       Outstanding
Robust Cv Trust Dec 2017
India Infoline Finance Ltd              PTC Series A          ICRA AAA     -       Outstanding
Robust Cv Trust Jun 2017
India Infoline Finance Ltd              PTC Series A          ICRA AAA     -       Outstanding
Robust Cv Trust June 2018
India Infoline Finance Ltd              PTC Series A          ICRA AAA     -       Outstanding
Robust Cv Trust Mar 2017
India Infoline Finance Ltd              PTC Series A          ICRA AAA     -       Outstanding
Robust Cv Trust March 2018
India Infoline Finance Ltd              PTC Series A          ICRA AAA     -       Outstanding
Robust Cv Trust Oct 2018
India Infoline Finance Ltd              PTC Series A          ICRA AAA     -       Outstanding
Solitaire Cv - 1 Trust Sept
2017
Indiabulls Housing Finance Ltd          NCD (NCD) Programme   ICRA AAA &   452000  -
& Rating on watch with developing implications
Indiabulls Housing Finance Ltd          Subordinated Debt     ICRA AAA &   50000   -
                                        Programme
& Rating on watch with developing implications
Indiabulls Housing Finance Ltd          Retail Bond Programme1ICRA AAA &   150000  -
& Rating on watch with developing implications
Indiabulls Housing Finance Ltd          LT Bk Fac             ICRA AAA &   470000  -
& Rating on watch with developing implications
Isgec Hitachi Zosen Ltd                 FB                    ICRA AA      1400    Reaffirmed
Isgec Hitachi Zosen Ltd                 Non-fund based        ICRA AA      3200    Reaffirmed
Isgec Hitachi Zosen Ltd                 FB                    ICRA AA-     100     Upgraded
                                                                                   from ICRA
                                                                                   BBB+
Isgec Hitachi Zosen Ltd                 Non-fund based        ICRA AA-     200     Upgraded
                                                                                   from ICRA
                                                                                   BBB+
Isgec Hitachi Zosen Ltd                 Non-fund based        ICRA BBB+    250     Reaffirmed
Isgec Hitachi Zosen Ltd                 Unallocated limits    ICRA BBB+    350     Reaffirmed
Kotak Mahindra Investments Ltd          Subordinated Debt     ICRA AAA     2000    Outstanding
                                        Programme
Siddhi Cotton Ginning &                 FB- CC                ICRA B+      80      Withdrawn
Pressing Pvt Ltd
Siddhi Cotton Industries                FB- CC                ICRA B+      120     Withdrawn
Talwalkars Better Value                 NCD Program           ICRA BBB+    800     -
Fitness Ltd
(Issuer not Cooperating)
Team Computers Pvt Ltd                  LT/ST – Fund based    ICRA BBB+/A2 285     Upgraded
                                                                                   from ICRA
                                                                                   BBB/A3+
Team Computers Pvt Ltd                  LT/ST – Non-fund BasedICRA BBB+/A2 635     Upgraded
                                                                                   from ICRA
                                                                                   BBB/A3+
Team Computers Pvt Ltd                  LT/ST – Unallocated   ICRA BBB+/A2 180     Upgraded
                                                                                   from ICRA
                                                                                   BBB/A3+
Team Computers Pvt Ltd                  LT/ST –               ICRA BBB+/A2 -       Upgraded
                                        Interchangeable                            from ICRA
                                                                                   BBB/A3+
Tvs Credit Services Ltd -               Second Loss Facility  ICRA A+      -       Withdrawn
Silver Trust March
2016
Tvs Credit Services Ltd -               PTC Series A1         ICRA AAA     -       Withdrawn
Silver Trust March
2016
Tvs Credit Services Ltd -               Second Loss Facility  ICRA A+      -       Withdrawn
Titan Trust March
2016
Tvs Credit Services Ltd -               PTC Series A1         ICRA AAA     -       Withdrawn
Titan Trust March
2016
Utkarsh Small Finance Bank Ltd          NCD Programme         ICRA A       -       Withdrawn
Vineet Polyfab Pvt. Ltd                 FB TL                 ICRA BB      49      Withdrawn
Vineet Polyfab Pvt. Ltd                 FB CC                 ICRA BB      128     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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