April 13, 2018 / 10:39 AM / 5 months ago

ICRA ratings for Indian debt instruments-Apr 13

    Apr 13 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of April 12, 2018.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Flsmidth Pvt Ltd                        ST – Fund based       ICRA A1+     1500    Reaffirmed
Il&Fs Transportation Networks           CP                    ICRA A1      10000   Outstanding
Ltd
Il&Fs Transportation Networks           FB Bk limits          ICRA A1      3200    Outstanding
Ltd
Pmp Infratech Pvt. Ltd.                 BG                    ICRA A4      500
Issuer Not Cooperating
Srl Diagnostics Pvt Ltd                 ST fund based         ICRA A3      -
                                        interchangeable
Downgraded from ICRA A3+; ratings on watch with negative implications
Srl Ltd                                 ST fund based         ICRA A3      -
                                        interchangeable
Downgraded from ICRA A2, : ratings on watch with negative implications

LONG TERM RATINGS:
-------------------
DHFL - DHFL Mortgage Loan Pool          Purchaser Payouts     ICRA AAA(SO) -       Reaffirmed
D.A. Feb-12
DHFL - DHFL Mortgage Loan Pool          Purchaser Payouts     ICRA AAA(SO) -       Reaffirmed
D.A. Feb-12 Ii
DHFL - DHFL Mortgage Loan Pool          Purchaser Payouts     ICRA AAA(SO) -       Reaffirmed
D.A. Jan-12
DHFL - Nirmaan Rmbs Trust               PTC Series A1 PTC     ICRA AAA(SO) -       Reaffirmed
Series I 2013                           Series A2
DHFL - Nirmaan Rmbs Trust               PTC Series A1         ICRA AAA(SO) -       Reaffirmed
Series I 2013
DHFL - Nirmaan Rmbs Trust               Second Loss Facility  ICRA BBB(SO) -       Reaffirmed
Series I 2017                           (SLF)
DHFL - Nirmaan Rmbs Trust               PTC Series A          ICRA AAA(SO) -       Reaffirmed
Series Ii 2017
Diamond India Ltd                       LT – Fund based       ICRA BBB     1730    Reaffirmed
Diamond India Ltd                       LT – Unallocated      ICRA BBB     270     Reaffirmed
Flsmidth Pvt Ltd                        LT Fund based/CC      ICRA A+      1010    Reaffirmed
Flsmidth Pvt Ltd                        LT/ST – Non Fund      ICRA         10082.5 Reaffirmed
                                        based                 A+/ICRA A1+
Flsmidth Pvt Ltd                        Unallocated           ICRA         4107.5  Reaffirmed
                                                              A+/ICRA A1+
Gemtree Natural Produce Pvt Ltd         CC                    ICRA BB      130     Reaffirmed
Gemtree Natural Produce Pvt Ltd         Unallocated           ICRA BB      20      Reaffirmed
Il&Fs Transportation Networks           NCDs                  ICRA A       20000   Outstanding
Ltd
Il&Fs Transportation Networks           TL                    ICRA A       4900    Outstanding
Ltd
Il&Fs Transportation Networks           Preference Share      ICRA A-      7600    Outstanding
Ltd
Il&Fs Transportation Networks           NCDs                  ICRA         12495   Outstanding
Ltd                                                           AA+(SO)
Il&Fs Transportation Networks           NCDs                  Provisional  17505   Reassigned
Ltd                                                           ICRA AA+(SO)
Joyalukkas Retail Pvt Ltd               LT – TL               ICRA BBB     80      Reaffirmed
Joyalukkas Retail Pvt Ltd               LT – Fund based CC    ICRA BBB     250     Reaffirmed
Joyalukkas Retail Pvt Ltd               LT – Unallocated      ICRA BBB     120     Reaffirmed
Madurai Tuticorin Expressways           Fund based- TL        ICRA D       5559.7  Reaffirmed
Ltd
Maheshtala Municipality                 Issuer Rating         ICRA BB+     -       Assigned
Mahindra Hzpc Pvt Ltd                   Fund based - Working  ICRA A-      200     Assigned
                                        Capital Fac
Mahindra Hzpc Pvt Ltd                   Fund based - TL       ICRA A-      100     Assigned
Pmp Infratech Pvt. Ltd.                 CC                    ICRA B+      300
Issuer Not Cooperating
Samdariya Abhushan Pvt Ltd              LT Fund based/CC      ICRA B+      250
Rating moved to the ‘Issuer Not Cooperating’ category
Samdariya Abhushan Pvt Ltd              LT/ Unallocated       ICRA B+      250
Rating moved to the ‘Issuer Not Cooperating’ category
Sri Murari Pavan Agrotech               Fund based- CC        ICRA B+      90
Rating moved to ‘Issuer Not Cooperating’ category
Srl Diagnostics Pvt Ltd                 FB Fac                ICRA BBB-    150
Downgraded from ICRA BBB; ratings on watch with negative implications
Srl Diagnostics Pvt Ltd                 Non-FB Fac            ICRA         20
                                                              BBB-/A3
Downgraded from ICRA BBB/A3+; ratings on watch with negative implications
Srl Ltd                                 FB Fac                ICRA BBB-    240
Downgraded from ICRA BBB+, ratings on watch with negative implications
Srl Ltd                                 Non-FB Fac            ICRA         45
                                                              BBB-/A3
Downgraded from ICRA BBB+/A2: ratings on watch with negative implications
Systemtrac Traders Pvt Ltd              NCD Programme         ICRA         3750    Withdrawn
                                                              AA-(SO)
United India Insurance Co. Ltd          CPA                   iAA+         -       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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