February 4, 2020 / 7:59 AM / 16 days ago

ICRA ratings for Indian debt instruments-Feb 4

    Feb 4 - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd.
(ICRA) for local debt instruments as of February 3, 2020.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Development Consultants Pvt Ltd         Non-Fund Based Bk Fac ICRA A2+     410     Reaffirmed
Fitwel Tools And Forgings Pvt. Ltd.     Non-fund Based –      ICRA A2+     87.5    Reaffirmed
                                        Working Capital Fac
Gokulanand Petrofibres                  FB – Bill Discounting ICRA A3      400     Assigned
Hll Infra Tech Services Ltd             Non-fund based- ST    ICRA A2 (CE) 210     Reaffirmed
Iifl Insurance Brokers Ltd              CP programme          ICRA A1+     1000
Reaffirmed and Withdrawn
Iifl Management Services Ltd            CP programme          ICRA A1+     2000
Reaffirmed and Withdrawn
Power Grid Corporation Of India Ltd     CP                    ICRA A1+     90000   Outstanding
Power Grid Corporation Of India Ltd     ST borrowing          ICRA A1+     90000   Outstanding
                                        programme
Rohini Industrial Electricals Ltd       ST – Non-Fund Based   ICRA A1+ (CE)1350    Reaffirmed
Rohini Industrial Electricals Ltd       ST – Fund Based       Provisional  2000    Assigned
                                                              ICRA A1+ (CE)

LONG TERM RATINGS:
-------------------
Ashed Properties And Investments Pvt.   LT- Unallocated Fac   ICRA BBB     700     Withdrawn
Ltd.                                                          (stable)
Avenues Pharmaceuticals Associates      LT – Fund based/CC    ICRA BB+     170     Withdrawn
                                                              (Stable)
Blue Dart Express Ltd                   NCD (NCD)             ICRA AA      -       Withdrawn
                                                              (Stable)
Blue Dart Express Ltd                   TL                    ICRA AA      750     Outstanding
                                                              (Stable)
Blue Dart Express Ltd                   LT/ST Fundbased LimitsICRA AA      300     Outstanding
                                                              (Stable)/
                                                              ICRA A1+
Blue Dart Express Ltd                   LT/ST Non-FBL         ICRA AA      61.5    Outstanding
                                                              (Stable)/
                                                              ICRA A1+
Development Consultants Pvt Ltd         Fund Based – TL       ICRA A-      135     Reaffirmed
                                                              (Negative)
Development Consultants Pvt Ltd         Fund Based – CC       ICRA A-      70      Reaffirmed
                                                              (Negative)
Development Consultants Pvt Ltd         Unallocated Limit     ICRA A-      25      Reaffirmed
                                                              (Negative) /
                                                              ICRA A2+
Divyasree Nsl Infrastructure Pvt Ltd    Fund Based- LT-TL     ICRA A-      24020   Reaffirmed
                                                              (Stable)
Divyasree Nsl Infrastructure Pvt Ltd    LT- Unallocated       ICRA A-      1000    Reaffirmed
                                                              (Stable)
Fitwel Tools And Forgings Pvt. Ltd.     Fund Based – TL       ICRA A-      220     Reaffirmed
                                                              (Stable)
Fitwel Tools And Forgings Pvt. Ltd.     Fund Based – Working  ICRA A-      227.5   Reaffirmed
                                        Capital Fac           (Stable)
Gokulanand Petrofibres                  FB – CC               ICRA BBB-    500     Assigned
                                                              (Stable)
Gokulanand Petrofibres                  FB – TL               ICRA BBB-    300     Assigned
                                                              (Stable)
Hll Infra Tech Services Ltd             Rating Without        ICRA BBB/ A2 -
                                        Explicit Credit
                                        Enhancement
Hll Infra Tech Services Ltd             CC- LT                ICRA BBB+    256.5   Reaffirmed
                                                              (CE) (Stable)
Power Grid Corporation Of India Ltd     LT bonds programme    ICRA AAA  844158.75  Outstanding
                                                              (stable)
Power Grid Corporation Of India Ltd     LT loans              ICRA AAA     426110  Outstanding
                                                              (stable)
Power Grid Corporation Of India Ltd     LT/ST Fund            ICRA AAA     57000   Outstanding
                                        based/Non-FBL         (stable)/ A1+
Rohini Industrial Electricals Ltd       Rating Without        ICRA A-      -
                                        Explicit Credit
                                        Enhancement
Rohini Industrial Electricals Ltd       LT/ ST - Fund Based   ICRA AA+     1500    Reaffirmed
                                                              (CE)
                                                              (Stable)/ ICRA A1+ (CE)
Rohini Industrial Electricals Ltd       LT/ ST – non Fund     ICRA AA+     1650    Reaffirmed
                                        Based                 (CE)
                                                              (Stable)/ ICRA A1+ (CE)
Sribalaji Hatcheries Pvt Ltd            LT - Fund Based/ CC   ICRA C       50      Withdrawn
Issuer Not Cooperating
Sribalaji Hatcheries Pvt Ltd            LT - Unallocated      ICRA C       15      Withdrawn
Issuer Not Cooperating
--------------------------------------------------------------------------------------------
$: 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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