January 10, 2019 / 10:39 AM / in 2 months

ICRA ratings for Indian debt instruments-Jan 10

    Jan 10 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of January 9, 2019.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Bank Of Baroda                          Corporate Governance  CGR2                 Withdrawn
                                        Practices
Capital First Home Finance Ltd          CP programme          ICRA A1+     10000   Withdrawn
Capital First Ltd                       CP programme          ICRA A1+     60000   Withdrawn
Fine Organic Industries Ltd             Non-FBL               ICRA A1+     102.5
Upgraded from ICRA A1
Idfc Bank Ltd                           CP*                   ICRA A1+     70000   Assigned
*taken over from erstwhile Capital First Limited and Capital First Home Finance Limited
IDFC Bank Ltd                           CD Programme          ICRA A1+     450000  Outstanding
M/S. Ravji Manji Sorathia And           Non-FB- BG            ICRA A4      130     Withdrawn
Co.
Reva Proteins Ltd                       ST – Non-fund based   ICRA A2 (SO) 20      Unchanged
Reva Proteins Ltd                       ST – Non-fund based   ICRA A2 (SO)         Unchanged
                                        (sublimit)
Synechron Technologies Pvt Ltd          FB Fac                ICRA A1              Withdrawn
Synechron Technologies Pvt Ltd          Non-FB Fac            ICRA A1              Withdrawn

LONG TERM RATINGS:
-------------------
Fine Organic Industries Ltd             FBL – CC              ICRA A+      650
Reaffirmed and outlook revised to Positive from Stable
IDFC Bank Ltd                           NCD Programme**       ICRA AA+    286897.3 Outstanding
**Non-convertible debentures (NCDs) of IDFC Limited reassigned to IDFC Bank Limited following
the transfer of business with effect from October 1, 2015
IDFC Bank Ltd                           NCD Programme         ICRA AA+     100000^ Outstanding
^Rs. 480 crore outstanding, balance yet to be placed
M/S. Ravji Manji Sorathia And           FB- CC                ICRA BB      70      Withdrawn
Co.
Peninsula Projects (Bangalore)          Fund based            ICRA B       200     Reaffirmed
Pvt Ltd
Reva Proteins Ltd                       LT-Fund based- CC     ICRA BBB+    81.4    Unchanged
                                                              (SO)
Reva Proteins Ltd                       LT-Fund based         ICRA BBB+            Unchanged
                                        (sublimit)            (SO)
Soma Indus Varanasi Aurangabad          Fund based - TL       ICRA BB      23330   Assigned
Tollway Pvt Ltd
Synechron Technologies Pvt Ltd          CC                    ICRA A-              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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