December 20, 2019 / 9:57 AM / a month ago

ICRA ratings for Indian debt instruments-Dec 20

    Dec 20 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of December 19, 2019.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Dharamchand Paraschand Exports          Fund based – Pre-and  ICRA A4      580
                                        Post Shipment
                                        Financing
Issuer Not Cooperating
Dharamchand Paraschand Exports          Fund based –          ICRA A4      -
                                        Interchangeable
Issuer Not Cooperating
Dharamchand Paraschand Exports          Unallocated Limits    ICRA A4      80
Issuer Not Cooperating
P.K. Mookanambalam & Co.                ST – Non-fund based   ICRA A4+     500
Reaffirmed and ratings removed from ‘Issuer Not Cooperating’ category
Santha Spinning Mills Pvt Ltd           ST – Non fund based   ICRA A4      45      Assigned
Tempsens Instruments (I) Pvt.           ST: Non-fund Based –  ICRA A2      -       Withdrawn
Ltd.                                    LOC
Vamsi Labs Ltd                          Non-fund based – LOC/ ICRA A4      22.5    Withdrawn
                                        BG Trust Name
Yes Asset Management (India)            YES Overnight Fund    ICRA A1+mfs  -       Assigned
Ltd
Yes Asset Management (India)            YES Liquid Fund       ICRA A1+mfs  -       Reaffirmed
Ltd
Yes Asset Management (India)            YES Ultra ST Fund     ICRA A1+mfs  -       Reaffirmed
Ltd
Yes Bank Ltd                            ST Fixed Deposit      ICRA A1      -
                                        Programme
Downgraded from ICRA A1+
Yes Bank Ltd                            Certificates of       ICRA A1      200000
                                        Deposit Programme
Downgraded from ICRA A1+

LONG TERM RATINGS:
-------------------
Kg Foundations (P) Ltd                  LT – Unallocated      ICRA         200
                                                              B+(Stable)
Rating downgraded from ICRA BB- (Stable) and continues to remain under ‘Issuer Not Cooperating’
category
Nis Management Ltd                      Bk Fac                ICRA BBB+    460
                                                              (Stable) /
                                                              ICRA A2
Review process is underway
P.K. Mookanambalam & Co.                LT CC                 ICRA         50      Assigned
                                                              BB+(Stable)
Renaatus Procon Pvt Ltd                 LT – TL               ICRA         385.6
                                                              BBB(Stable)
Upgraded from ICRA BBB-(Positive) upgraded from ICRA BBB-(Positive); Outlook revised from
Positive to Stable
Renaatus Procon Pvt Ltd                 LT – Fund Based       ICRA         28.4
                                                              BBB(Stable)
Upgraded from ICRA BBB-(Positive) upgraded from ICRA BBB-(Positive); Outlook revised from
Positive to Stable
Renaatus Procon Pvt Ltd                 LT – Unallocated      ICRA         93
                                                              BBB(Stable)
Upgraded from ICRA BBB-(Positive) upgraded from ICRA BBB-(Positive); Outlook revised from
Positive to Stable
Santha Spinning Mills Pvt Ltd           LT – Fund based / TL  ICRA         61.5    Assigned
                                                              B+(Stable)
Santha Spinning Mills Pvt Ltd           LT / ST – Unallocated ICRA         83.5    Assigned
                                                              B+(Stable)/
                                                              A4
Seven Sky Entertainment Pvt.            FB TL                 ICRA BB      112.5   Reaffirmed
Ltd.                                                          (Stable)
Seven Sky Entertainment Pvt.            Unallocated           ICRA         37.5    Reaffirmed
Ltd.                                                          BB(Stable)
Silvertoan Papers Ltd                   Bk Loan ratings       ICRA BBB-    481.2
                                                              (Stable)/
                                                              ICRA A3
Review process is underway
Sri Kaleeswara Ginning Mills            LT – FB Fac/ CC       ICRA D       50
Rating Continues to remain under ‘Issuer Not Cooperating’ category
Sri Kaleeswara Ginning Mills            LT/ ST – Unallocated  ICRA D/      10
                                                              ICRA D
Rating Continues to remain under ‘Issuer Not Cooperating’ category
Svatantra Microfin Pvt Ltd-             PTC Series A1         ICRA A(SO)   643.8
Northern Arc 2019 Mfi Roopkund
Provisional rating of ICRA A(SO) confirmed as final
Tempsens Instruments (I) Pvt.           LT: Fund based – CC   ICRA BBB+    300     Reaffirmed
Ltd.                                                          (Stable)
Tempsens Instruments (I) Pvt.           LT: Fund based – TL   ICRA BBB+    130     Reaffirmed
Ltd.                                                          (Stable)
Tempsens Instruments (I) Pvt.           LT: Non-fund Based –  ICRA BBB+    100     Reaffirmed
Ltd.                                    BG LT: Unallocated    (Stable)
Vamsi Labs Ltd                          Fund based – CC       ICRA BB-     60      Withdrawn
                                                              (Stable)
Vamsi Labs Ltd                          Fund based – TL       ICRA BB-     30      Withdrawn
                                                              (Stable)
Vamsi Labs Ltd                          Unallocated limit     ICRA BB-     9.5     Withdrawn
                                                              (Stable)
Vikas Spool Pvt Ltd                     Bk Loan ratings       ICRA         300
                                                              BB+(Stable)
                                                              / ICRA A4+
Review process is underway
Yes Bank Ltd                            Basel III Compliant   ICRA A       109000
                                        Tier II Bond Programme(hyb)
                                                              (Negative)
Downgraded from ICRA A+ (hyb) (Negative)
Yes Bank Ltd                            Basel II Compliant    ICRA A       25306
                                        Lower Tier II Bond    (Negative)
                                        Programme
Downgraded from ICRA A+ (Negative)
Yes Bank Ltd                            Infrastructure Bond   ICRA A       70300
                                        Programme             (Negative)
Downgraded from ICRA A+ (Negative)
Yes Bank Ltd                            Basel II Compliant    ICRA A-      13441
                                        Upper Tier II Bond    (Negative)
                                        Programme
Downgraded from ICRA A (Negative)
Yes Bank Ltd                            Basel II Compliant    ICRA A-      3070
                                        Tier I Bond Programme (Negative)
Downgraded from ICRA A (Negative)
Yes Bank Ltd                            Basel III Compliant   ICRA BBB     108000
                                        Additional Tier I     (hyb)
                                        Bond Programme        (Negative)
Downgraded from ICRA BBB+ (hyb) (Negative)
--------------------------------------------------------------------------------------------
$: 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@refinitiv.com)
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below