January 16, 2020 / 10:09 AM / 12 days ago

ICRA ratings for Indian debt instruments-Jan 16

    Jan 16 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of January 15, 2020.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Aditya Birla Finance Ltd                CP programme (IPO     ICRA A1+     50000   Assigned
                                        financing)
Aditya Birla Finance Ltd                CP programme (IPO     ICRA A1+     -       Withdrawn
                                        financing)
Aditya Birla Finance Ltd                CP programme          ICRA A1+     120000  Outstanding
P. S. Steel Tubes Ltd                   Non-FBL – Working     ICRA A4+     70      Downgraded
                                        Capital Fac                                from ICRA A3+
Supriya Lifescience Ltd                 ST, FB-Post Shipment  ICRA A2      710     Assigned
                                        Credit(PSC)
Supriya Lifescience Ltd                 ST, FB-Packing        ICRA A2      -       Assigned
                                        Credit(PC)
Supriya Lifescience Ltd                 ST, Non-fund based-   ICRA A2      520     Assigned
                                        LOC(LC)
Supriya Lifescience Ltd                 ST, Non-fund based-   ICRA A2      **      Assigned
                                        LOC (Inland)
**Sub limit within LC
Supriya Lifescience Ltd                 ST, Non-fund          ICRA A2      **      Assigned
                                        based-Buyers Credit
**Sub limit within LC
Supriya Lifescience Ltd                 ST, Non-fund based-BG ICRA A2      50      Assigned
Svs Mookambika Constructions            ST - NFBL             ICRA A4      110     -
Pvt Ltd
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
Venkateshwara Hatcheries Pvt            Short-TL              ICRA A2      3646.2  Withdrawn
Ltd
Venkateshwara Hatcheries Pvt            Non-fund based        ICRA A2      137.5   Withdrawn
Ltd
Venky’S (India) Ltd                     Non-fund based        ICRA A2+     75      Withdrawn


LONG TERM RATINGS:
-------------------
Ace Pipeline Contracts Pvt. Ltd         -                     -            -       -
(No Default Statement)
Aditya Birla Finance Ltd                Perpetual debt        ICRA AA+     7000    Outstanding
                                        programme             (hyb)
                                                              (stable)
Aditya Birla Finance Ltd                NCD programme         ICRA AAA     154975  Outstanding
                                                              (stable)
Aditya Birla Finance Ltd                Retail NCD programme  ICRA AAA     50000   Outstanding
                                                              (stable)
Aditya Birla Finance Ltd                Subordinated debt     ICRA AAA     25000   Outstanding
                                        programme             (stable)
Aditya Birla Finance Ltd                Unsecured NCD         ICRA AAA     15000   Outstanding
                                        programme             (stable)
Aditya Birla Finance Ltd                NCD programme         ICRA AAA     -       Withdrawn
                                                              (stable)
Aditya Birla Finance Ltd                Bk lines              ICRA AAA     265153.7Assigned /
                                                              (stable) /           Outstanding
                                                              A1+
Bansal Fine Foods Pvt Ltd               -                     -            -       -
(No Default Statement)
Buildmet Pvt Ltd                        -                     -            -       -
(No Default Statement)
Cornerstone Property                    -                     -            -       -
Investments Pvt. Ltd
(No Default Statement)
Lanco Solar Energy Pvt Ltd              FBL                   ICRA D       1500    -
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
Lanco Solar Energy Pvt Ltd              Non-Fund based        ICRA D       4250    -
                                        facility
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
Lanco Solar Pvt Ltd                     Fund based-TL         ICRA D       9400    -
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
P. S. Steel Tubes Ltd                   FB Limits – TL        ICRA BB+     240     Downgraded
                                                              (Stable)             from ICRA
                                                                                   BBB (Stable)
P. S. Steel Tubes Ltd                   FB Limits – Working   ICRA BB+     1080#   Downgraded
                                        Capital Fac           (Stable)             from ICRA
                                                                                   BBB (Stable)
# Fund-based working capital facilities of Rs. 108.00 crore includes non-fund based working
capital facilities of Rs. 25.00 crore as the sub-limit
P. S. Steel Tubes Ltd                   Unallocated Limits    ICRA BB+     85.7    Downgraded
                                                              (Stable)             from ICRA
                                                                                   BBB (Stable)
Padma Polymers                          -                     -            -       -
(No Default Statement)
Pmv Maltings Pvt Ltd                    -                     -            -       -
(No Default Statement)
Purva Metal Sections Pvt Ltd            -                     -            -       -
(No Default Statement)
Raghuveer Metal Industries Ltd          -                     -            -       -
(No Default Statement)
Ritika Vegetable Oil Pvt Ltd            LT: FBL – CC          ICRA BB      307     Withdrawn
                                                              (Stable)
Ritika Vegetable Oil Pvt Ltd            LT: Fund Based - TL   ICRA BB      9.4     Withdrawn
                                                              (Stable)
S&J Granulate Solutions (P) Ltd         NCD                   ICRA D       50      -
(Rating Moved to Issuer Non-Cooperation category)
Shiva Ferric Pvt Ltd                    -                     -            -       -
(No Default Statement)
Silica Infotech Pvt Ltd                 -                     -            -       -
(No Default Statement)
Spandana Sphoorty Financial             PTC Series A          Provisional  2031.4  Confirmed as
Ltd - Pragathi 09 2019                                        ICRA A (SO)          Final
Spandana Sphoorty Financial             PTC Series A          ICRA AA-(SO) 1388.8  Withdrawn
Ltd - Pragathi 11 2018
(No Default Statement)
Spica Projects And                      -                     -            -       -
Infrastructures Pvt. Ltd
(No Default Statement)
Supriya Lifescience Ltd                 LT, FB - CC           ICRA BBB+    #       Assigned
                                                              (Stable)
#Sub limit within PSC
Supriya Lifescience Ltd                 LT -TL                ICRA BBB+    83      Assigned
                                                              (Stable)
Supriya Lifescience Ltd                 Unallocated limits    ICRA BBB+    187     Assigned
                                                              (Stable) /A2
Svs Mookambika Constructions            LT - FBL/ CC          ICRA B+      138     -
Pvt Ltd                                                       (Stable)
(Rating downgraded from ICRA BB-(Stable) and Continues to remain under the ‘Issuer Not
Cooperating’ category)
Svs Mookambika Constructions            LT / ST - Unallocated ICRA B+      152     -
Pvt Ltd                                 Limits                (Stable) /
                                                              A4
(Long term Rating downgraded from ICRA BB-(Stable) and Continues to remain under the ‘Issuer Not
Cooperating’ category)
The Malt Company (India) Pvt            -                     -            -       -
Ltd
(No Default Statement)
Uttara Foods And Feeds Pvt Ltd          CC                    ICRA BBB+    300     Withdrawn
                                                              (CE)
                                                              (Stable)
Venkata Naga Lakshmi Paper              -                     -            -       -
Mills Pvt Ltd
(No Default Statement)
Venkateshwara Hatcheries Pvt            TL                    ICRA BBB+    3093.8  Withdrawn
Ltd                                                           (Stable)
Venkateshwara Hatcheries Pvt            CC                    ICRA BBB+    2335    Withdrawn
Ltd                                                           (Stable)
Venky’S (India) Ltd                     TL                    ICRA A-      1141.5  Withdrawn
                                                              (Stable)
Venky’S (India) Ltd                     CC                    ICRA A-      3500    Withdrawn
                                                              (Stable)
Vibrant Processors Pvt Ltd              -                     -            -       -
(No Default Statement)
Vijayawada Municipal                    -                     -            -       -
Corporation
(No Default Statement)
--------------------------------------------------------------------------------------------
$: 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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