December 3, 2019 / 10:27 AM / 3 months ago

ICRA ratings for Indian debt instruments-Dec 3

    Dec 3 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of December 2, 2019.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Century Led Ltd                         Non-FBL               ICRA A3      260     Assigned
Hsbc Asset Management (India)           HSBC Overnight Fund   ICRA A1+mfs  -       Assigned
Pvt Ltd
Hsbc Asset Management (India)           HSBC Cash Fund        ICRA A1+mfs  -       Reaffirmed
Pvt Ltd
R. Krishnamurthy & Co                   ST – Non Fund Based   ICRA A4      70      -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Sundaram Brake Linings Ltd              ST – Non-fund based   ICRA A2      40.7    Reaffirmed
Sundaram Brake Linings Ltd              ST – FB sub limits    ICRA A2      -       Reaffirmed
Sundaram Brake Linings Ltd              ST –Non-fund based    ICRA A2      -       Reaffirmed
                                        sub limits

LONG TERM RATINGS:
-------------------
Ashoka Belgaum Dharwad Tollway          TL                    ICRA A(CE)   4507.3  Reaffirmed
Ltd                                                           (Stable)
Ashoka Sambalpur Baragarh               TL                    ICRA A(CE)   8079.7  Reaffirmed
Tollway Ltd                                                   (Stable)
Century Led Ltd                         Fund Based – TL       ICRA BBB     220     Assigned
                                                              (Stable)
Century Led Ltd                         Fund Based – Working  ICRA BBB     200     outstanding
                                        Capital Fac           (Stable)
Debonair Realtors Pvt Ltd               Fund based-TL         ICRA A       850     Reaffirmed
Hsbc Asset Management (India)           HSBC Flexi Debt Fund  ICRA AAAmfs  -       Reaffirmed
Pvt Ltd
Neelanchal Realtors Llp                 FB Fac                ICRA A       500     Reaffirmed
(outlook revised to Stable from Positive)
R. Krishnamurthy & Co                   LT – CC               ICRA B+      80      Downgraded
                                                              (Stable)             from ICRA BB
                                                                                   (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
R. Krishnamurthy & Co                   LT/ ST – Unallocated  ICRA B+      150     -
                                                              (Stable) /
                                                              A4
(Long Term Rating downgraded from ICRA BB (Stable), Ratings continues to remain under ‘Issuer
Not Cooperating’ category)
S.P.Mani And Mohan Dairy                LT - Fund Based/ CC   ICRA BBB-    135     Assigned /
(India) Pvt Ltd                                               (Stable)             Outstanding
S.P.Mani And Mohan Dairy                LT fund based –       ICRA BBB-    184     Assigned
(India) Pvt Ltd                         Unallocated           (Stable)
S.P.Mani And Mohan Dairy                LT fund based – TL    ICRA BBB-    131     Assigned
(India) Pvt Ltd                                               (Stable)
Sundaram Brake Linings Ltd              LT - FB-CC            ICRA BBB+    550     Reaffirmed
                                                              (Stable)

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