February 13, 2020 / 11:02 AM / 16 days ago

ICRA ratings for Indian debt instruments-Feb 13

    Feb 13 - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd.
(ICRA) for local debt instruments as of February 12, 2020.

COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Invesco Asset Management                Invesco India Ultra   ICRA A1+mfs  -       Assigned
(India) Pvt Ltd                         ST Fund
Invesco Asset Management                Invesco India         ICRA A1+mfs  -       outstanding
(India) Pvt Ltd                         Overnight Fund
Invesco Asset Management                Invesco India Money   ICRA A1+mfs  -       outstanding
(India) Pvt Ltd                         Market Fund
Invesco Asset Management                Invesco India Liquid  ICRA A1+mfs  -       outstanding
(India) Pvt Ltd                         Fund
Julius Baer Capital (India)             CP (CP) programme     ICRA A1+     18000   Assigned /
Pvt Ltd                                                                            Outstanding
Liya Infratech Pvt Ltd                  Non-Fund Based: BG    ICRA A4      50      Reaffirmed
Parisons Infrastructure Pvt Ltd         ST - Non Fund Based   ICRA A4      150     Withdrawn
Issuer Not Cooperating’ category
Patton International Ltd                FB Limits – EPC/      ICRA A1+     550     Reaffirmed
                                        PCFC/ FBP/ FBD/ FUBD/
                                        PSFC
Patton International Ltd                Non-FBL – LOC         ICRA A1+     150     Reaffirmed
Patton International Ltd                Non-FBL – BG          ICRA A1+     150     Reaffirmed
Sudhakar Plastic Pvt. Ltd.              ST – Non Fund based   ICRA A3+     155     Assigned

LONG TERM RATINGS:
-------------------
Barbrik Project Ltd                     FB-TL                 -            -       -
Barbrik Project Ltd                     FB- Working Capital   ICRA BBB+    485     Reaffirmed
                                        Fac                   (Negative)
Barbrik Project Ltd                     Non-fund              ICRA BBB+    2620    Reaffirmed
                                        based-Working Capital (Negative)
                                        Fac
Barbrik Project Ltd                     LT- Unallocated       ICRA BBB+    395     Reaffirmed
                                        limits Trust Name     (Negative)
Bda Healthcare Pvt Ltd                  Fund Based – TL       ICRA D       115     Downgraded
                                                                                   from ICRA B
                                                                                   (Stable)
Issuer Not Cooperating’ category
Bda Healthcare Pvt Ltd                  Fund Based – Working  ICRA D       5       Downgraded
                                        Capital Fac                                from ICRA B
                                                                                   (Stable)
Issuer Not Cooperating’ category
Cargo Motors (Guj.) Pvt. Ltd.           Fund Based- CC        ICRA BB+     100     Downgraded
                                                              (Stable)             from ICRA
                                                                                   BBB (Stable)
Continues to remain under ‘Issuer Not Cooperating’ category
Fusion Microfinance (Pvt.) Ltd          PTC Series A1         Provisional  533.9   confirmed as
Northern Arc 2019 Mfi Ithaca                                  ICRA A(SO)           final
Fusion Microfinance (Pvt.) Ltd          PTC Series A2         Provisional  30.3    confirmed as
Northern Arc 2019 Mfi Ithaca                                  ICRA                 final
                                                              BBB+(SO)
Futuristic Diagnostic Imaging           Fund based - working  ICRA         50      Reaffirmed
Centre Pvt Ltd                          capital limits        BB(Stable)
Futuristic Diagnostic Imaging           Unallocated Limits    ICRA         100     Reaffirmed
Centre Pvt Ltd                                                BB(Stable)
Invesco Asset Management                Invesco India Bking   ICRA AAAmfs  -       outstanding
(India) Pvt Ltd                         and PSU Debt Fund
Invesco Asset Management                Invesco India         ICRA AAAmfs  -       outstanding
(India) Pvt Ltd                         Treasury Advantage
                                        Fund
Invesco Asset Management                Invesco India ST Fund ICRA AAAmfs  -       outstanding
(India) Pvt Ltd
Invesco Asset Management                Invesco India         ICRA AAAmfs  -       outstanding
(India) Pvt Ltd                         Corporate Bond Fund
Liya Infratech Pvt Ltd                  Fund based: Working   ICRA BB      200     Reaffirmed
                                        capital Fac           (Stable)
Liya Infratech Pvt Ltd                  Fund based: TL        ICRA BB      10      Reaffirmed
                                                              (Stable)
Patton International Ltd                FB Limits – CC/ WCDL  ICRA AA      150     Reaffirmed
outlook revised to Negative from Stable
S.K Foods                               FB Limits             ICRA B+      150     Downgraded
                                                              (Stable)             from ICRA
                                                                                   BB+ (Stable)
Continues to remain under ‘Issuer Not Cooperating’ category
S.P.R.L Foods Ltd                       FB Limits             ICRA B+      320     Downgraded
                                                              (Stable)             from ICRA
                                                                                   BB- (Stable)
Continues to remain under ‘Issuer Not Cooperating’ category
Shree Balaji Ice And Cold               FB CC                 ICRA         39      -
Storage                                                       B(Stable)
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Shree Balaji Ice And Cold               FB TL                 ICRA         19.5    -
Storage                                                       B(Stable)
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Sudhakar Plastic Pvt. Ltd.              LT - Fund based/CC    ICRA BBB     80      Assigned
                                                              (Stable)
Sudhakar Plastic Pvt. Ltd.              LT - Fund based/TL    ICRA BBB     26.2    Assigned
                                                              (Stable)
Sudhakar Plastic Pvt. Ltd.              LT - Unallocated FB-TLICRA BBB     15.8    Assigned -
                                                              (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@refinitiv.com)
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