June 14, 2018 / 10:57 AM / 3 months ago

ICRA ratings for Indian debt instruments-Jun 14

    Jun 14 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of June 13, 2018.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Aequs Pvt Ltd                           FBL                   ICRA A3+     145     -
(Reason for delay in carrying out periodic review:-Review process is underway)
Aequs Pvt Ltd                           Non-FBL               ICRA A3+     5       -
(Reason for delay in carrying out periodic review:-Review process is underway)
Aerostructures Manufacturing            ST FBL                ICRA A3+     550     -
India Pvt Ltd
(Reason for delay in carrying out periodic review:
- Review process is underway)
Aerostructures Manufacturing            ST Non- FBL           ICRA A3+     100     -
India Pvt Ltd
(Reason for delay in carrying out periodic review:
- Review process is underway)
Bajaj Electricals Ltd                   ST – FB Limits        ICRA A1+     3150    Reaffirmed
Bajaj Electricals Ltd                   ST – CP               ICRA A1+     5000    Reaffirmed
Chambal Fertilisers &                   CP                    ICRA A1+     30000   Assigned /
Chemicals Ltd                                                                      Outstanding
Interglobe Aviation Ltd                 ST FB Limits          ICRA A1+     1550    Assigned
Interglobe Aviation Ltd                 ST Non-FBL            ICRA A1+     3250    Assigned
Interglobe Aviation Ltd                 ST Non-fund Based     ICRA A1+     -       Assigned
                                        Sub-Limits**
** Sub-limits of other facilities
Perfecto Electricals                    Non-fundbased Limits  ICRA A4      200     Reaffirmed
Premium Transmission Pvt                CP (Proposed)         ICRA A1      250     Withdrawn
Ltd(Erstwhile Premium
Transmission Ltd)
Rajnish Steels                          Non-fund based –LOC^  ICRA A4      -       Reaffirmed
^Sub - limit  of CC facility
Vaibhav Gem                             ST FB                 ICRA A4      60      Reaffirmed
Wintop Vitrified Pvt Ltd                BG                    ICRA A4      30      -
(Reason for delay in carrying out periodic review: - Issuer not cooperating)


MEDIUM TERM RATINGS:
-------------------
Bank Of India                           Medium Term           MAA+         -       Outstanding
                                        Deposit Programme


LONG TERM RATINGS:
-------------------
Acute Realty Pvt Ltd                    LT –TL                ICRA BB-     1870    Withdrawn
Aequs Pvt Ltd                           TL                    ICRA BBB     40      -
(Reason for delay in carrying out periodic review:-Review process is underway)
Aerostructures Manufacturing            TL                    ICRA BBB     39.4    -
India Pvt Ltd
(Reason for delay in carrying out periodic review: - Review process is underway)
Aerostructures Manufacturing            LT FBL                ICRA BBB     50      -
India Pvt Ltd
(Reason for delay in carrying out periodic review: - Review process is underway)
Annapurna Finance Pvt Ltd -             PTC Series A1         Provisional  704.5   Confirmed as
Vivriti Tatooine 003 2018                                     ICRA A-              final
Annapurna Finance Pvt Ltd -             PTC Series A2         Provisional  31.3    Confirmed as
Vivriti Tatooine 003 2018                                     ICRA BBB+            final
Asian Institute Of Oncology             Fund based-TL         ICRA BB-     29.3    Reaffirmed
Pvt Ltd
Asian Institute Of Oncology             Fund based-Working    ICRA BB-     27.5    Reaffirmed
Pvt Ltd                                 Capital Fac
Asian Institute Of Oncology             Unallocated Limit     ICRA BB- /   75.7    Reaffirmed
Pvt Ltd                                                       A4
Bajaj Electricals Ltd                   LT - TL               ICRA A+      200     Reaffirmed
Bajaj Electricals Ltd                   LT – FB Limits        ICRA A+      3797    Reaffirmed
Bajaj Electricals Ltd                   LT – NCD              ICRA A+      -       Withdrawn
Bajaj Electricals Ltd                   LT/ST - Non-FBL       ICRA A+ /    27003   Reaffirmed
                                                              ICRA A1+
Bajaj Electricals Ltd                   LT/ST – FB/Non-FBL    ICRA A+ /    9525    Reaffirmed
                                                              ICRA A1+
Bharat Financial Inclusion Ltd          PTC Series A1         ICRA AA      4884    Withdrawn
- India Microfinance Loan
Receivables Trust July-16
Concept Images Pvt Ltd                  Bk Fac                ICRA BB/A4   145     -
(Reason for delay in carrying out periodic review:-Review process is underway)
Haranai Sahakari Soot Girni Ltd         FB-Working Capital FacICRA BB-     35.5    Outstanding
Haranai Sahakari Soot Girni Ltd         FB-TermLoans(Proposed)ICRA BB-     41.2    Outstanding
Interglobe Aviation Ltd                 LT/ST Non-FBL         ICRA AA      66424.8 Assigned
Interglobe Aviation Ltd                 LT Non-FBL            ICRA AA      3356.3  Assigned
Interglobe Aviation Ltd                 LT Non-fund Based     ICRA AA      -       Assigned
                                        Sub-Limits**
** Sub-limits of other facilities
Interglobe Aviation Ltd                 Unallocated           ICRA AA      5418.9  Assigned
Jana Small Finance Bank Ltd -           PTC Series A1         ICRA D       761.7   Withdrawn
Goldstein Ifmr Capital
2016
Jana Small Finance Bank Ltd -           PTC Series A2         ICRA D       2634.9  Withdrawn
Goldstein Ifmr Capital
2016
Jana Small Finance Bank Ltd -           PTC Series A1         ICRA A-      671.3   Withdrawn
Michelangelo Ifmr
Capital 20
Jana Small Finance Bank Ltd -           PTC Series A2         ICRA BBB     35.1    Withdrawn
Michelangelo Ifmr
Capital 20
Ktc Foods Pvt Ltd                       FBL                   ICRA D       1190.1  Downgraded
                                                                                   from ICRA BB+
Ktc Foods Pvt Ltd                       NFBL                  ICRA D       50      Downgraded
                                                                                   from ICRA BB+
Ktc Foods Pvt Ltd                       Unalloacted           ICRA D       9.9     Downgraded
                                                                                   from ICRA BB+
Lendingkart Finance Ltd                 PTC Series A1         Provisional  256.9   Confirmed as
-Triumphal Northern Arc 2018                                  ICRA BBB-            final
Mahima Real Estate Pvt Ltd              Fund Based            ICRA BBB+/A2 1317.5  Assigned /
                                                                                   Outstanding
Mothi Spinner Pvt Ltd                   Bk Loan Ratings       ICRA BBB+/A2 1764.9  -
(Reason for delay in carrying out periodic review:-Issuer delayed in giving information)
Perfecto Electricals                    FB Limits             ICRA C+      75      Downgraded
                                                                                   from ICRA B
Perfecto Electricals                    Unallocated Limits    ICRA C+ / A4 80      Downgraded
                                                                                   from ICRA B
                                                                                   / A4
Premium Transmission Pvt                LT – Fund based TL    ICRA A+      150     Outstanding
Ltd(Erstwhile Premium
Transmission Ltd)
Premium Transmission Pvt                LT / ST – Fund based  ICRA A+/A1   900     Outstanding
Ltd(Erstwhile Premium
Transmission Ltd)
Premium Transmission Pvt                LT /ST –              ICRA A+/A1   -       Outstanding
Ltd(Erstwhile Premium                   Interchangeable
Transmission Ltd)
Premium Transmission Pvt                LT / ST – Non-fund    ICRA A+/A1   200     Outstanding
Ltd(Erstwhile Premium                   based
Transmission Ltd)
Rajnish Steels                          Fund based –CC        ICRA B+      80      Reaffirmed
Rajnish Steels                          Unallocated           ICRA B+ / A4 30      Reaffirmed
Star Circlips & Engineering Ltd         BLR                   ICRA BBB-/A3 450     -
(Reason for delay in carrying out periodic review:-Issuer delayed in giving information)
Suma Foods Pvt Ltd                      FBL                   ICRA D       157.9   Downgraded
                                                                                   from ICRA BB+
Suma Foods Pvt Ltd                      Unalloacted           ICRA D       82.1    Downgraded
                                                                                   from ICRA BB+
Suman Proteins Pvt Ltd                  Bk Fac                ICRA BB-     70      -
(Reason for delay in carrying out periodic review:-Issuer not cooperating)
Vijayawada Municipal                    LT Proposed TL        ICRA A-      1000    Assigned
Corporation
Wintop Vitrified Pvt Ltd                CC                    ICRA B       120     -
(Reason for delay in carrying out periodic review: - Issuer not cooperating)
Wintop Vitrified Pvt Ltd                TL                    ICRA B       60.7    -
(Reason for delay in carrying out periodic review: - Issuer not cooperating)
Wintop Vitrified Pvt Ltd                Unallocated Limits    ICRA B/A4    76.3    -
(Reason for delay in carrying out periodic review: - 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@thomsonreuters.com)
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below