June 25, 2018 / 11:30 AM / 3 months ago

ICRA ratings for Indian debt instruments-Jun 25

    Jun 25 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of June 22, 2018.

COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Aavas Financiers Ltd                    CP                    ICRA A1+     500     Reaffirmed
outlook revised to positive from Stable
H.G. Infra Engineering Ltd              Non-fund based-BG     ICRA A1+     6835    Upgraded
                                                                                   from ICRA A2+
H.G. Infra Engineering Ltd              Non-fund              ICRA A1+     3965    Upgraded
                                        based-Proposed BG                          from ICRA A2+
Idfc Asset Management Co. Ltd           Cash Fund             ICRAA1+mfs   -       Reaffirmed
Iifl Home Finance Ltd                   CP programme          ICRA A1+     50000   Assigned/
                                                                                   Outstanding
Infina Finance Pvt Ltd                  CP Programme (IPO     ICRA A1+     80000   Assigned
                                        Financing)
Infina Finance Pvt Ltd                  CP Programme (IPO     ICRA A1+     -       Withdrawn
                                        Financing)
Infina Finance Pvt Ltd                  CP Programme          ICRA A1+     7500    outstanding
Jindal Power Ltd                        ST FB                 ICRA A2+     250     Reaffirmed
Jindal Power Ltd                        NCD                   ICRA A2+     -       Withdrawn
Shree Umiya Cotspin Pvt. Ltd.           BG                    ICRA A4      15      -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Shree Umiya Cotspin Pvt. Ltd.           LOC^                  ICRA A4      -       -
(Rating continues to remain under ‘Issuer Not Cooperating’ category) 
The Sandur Manganese & Iron             Non-fund              ICRA A2+     600     Assigned
Ores Ltd                                based-Working Capital
                                        Fac
The Sandur Manganese & Iron             Unallocated Fac       ICRA A2+     1300    Assigned
Ores Ltd
Unique Engineers Pvt Ltd                Non-FBL               ICRA A3+     400     Assigned

LONG TERM RATINGS:
-------------------
Aavas Financiers Ltd                    LT Bk Lines           ICRA A+      12400   Reaffirmed
outlook revised to positive from Stable
Aavas Financiers Ltd                    NCD Programme         ICRA A+      3500    Reaffirmed
outlook revised to positive from Stable
Anant Promoters And Fincon              LOC                   ICRA D       50      Revised from
Pvt. Ltd                                                                           ICRA A4
Rating continue to be in ‘Issuer not cooperating’ category
Anant Promoters And Fincon              Forward Contract      ICRA D       20      Revised from
Pvt. Ltd                                                                           ICRA A4
Rating continue to be in ‘Issuer not cooperating’ category
Annapurna Finance Pvt Ltd               TL                    ICRA BBB+    6972.2  Upgraded
                                                                                   from ICRA BBB
Annapurna Finance Pvt Ltd               Unallocated Bk Lines  ICRA BBB+    27.8    Upgraded
                                                                                   from ICRA BBB
Annapurna Finance Pvt Ltd               NCD Programme         ICRA BBB+    4362.9  Upgraded
                                                                                   from ICRA BBB
Annapurna Finance Pvt Ltd               Subordinated Debt     ICRA BBB+    890     Upgraded
                                        Programme                                  from ICRA BBB
Au Small Finance Bank                   PTC Series A          ICRA AA(SO)  981.4   Reaffirmed
Ltd(Indian Standard Loan Trust
Xxix)
Au Small Finance Bank                   Liquidity Facility    ICRA AAA(SO) 9.8     Reaffirmed
Ltd(Indian Standard Loan Trust
Xxix)
Au Small Finance Bank                   Second Loss           ICRA BBB(SO) 36.8    Reaffirmed
Ltd(Indian Standard Loan Trust
Xxix)
Au Small Finance Bank                   PTC Series A          ICRA AA(SO)  895.2   Reaffirmed
Ltd(Indian Standard Loan Trust
Xxxiii)
Au Small Finance Bank                   Liquidity Facility    ICRA AAA(SO) 9       Reaffirmed
Ltd(Indian Standard Loan Trust
Xxxiii)
Au Small Finance Bank                   Second Loss           ICRA BBB(SO) 44.7    Reaffirmed
Ltd(Indian Standard Loan Trust
Xxxiii)
Dixcy Textiles Pvt Ltd                  LT/ST FB Fac          ICRA         1250    outstanding/
                                                              A+/ICRA A1           Assigned
H.G. Infra Engineering Ltd              Fund based-CC         ICRA A       950     Upgraded
                                                                                   from ICRA
                                                                                   A-(Positive)
H.G. Infra Engineering Ltd              Fund based- CC        ICRA A       350     Upgraded
                                        (Proposed)                                 from ICRA
                                                                                   A-(Positive)
Idfc Asset Management Co. Ltd           IDFC Money Manager    ICRA AAAmfs  -       Reaffirmed
                                        Fund (erstwhile IDFC
                                        Money Manager Fund – Treasury Plan)
Idfc Asset Management Co. Ltd           IDFC Money Manager    ICRA AAAmfs  -       Withdrawn
                                        Fund – Investment Plan
Idfc Asset Management Co. Ltd           IDFC Money Manager    ICRA AAAmfs  -       Reaffirmed
                                        Fund – Investment Plan
Idfc Asset Management Co. Ltd           IDFC Low Duration     ICRA AAAmfs  -       Reaffirmed
                                        Fund (erstwhile IDFC
                                        Ultra ST Fund)
Idfc Asset Management Co. Ltd           IDFC Bond Fund –      ICRA AAAmfs  -       Reaffirmed
                                        Medium Term Plan
                                        (erstwhile IDFC Super Saver Income Fund – Medium Term
Plan)
Idfc Asset Management Co. Ltd           IDFC Bking and PSU    ICRA AAAmfs  -       Reaffirmed
                                        Debt Fund
Idfc Asset Management Co. Ltd           IDFC Corporate Bond   ICRA AAAmfs  -       Reaffirmed
                                        Fund
Iifl Home Finance Ltd                   NCD programme         ICRA AA      40000   outstanding
Iifl Home Finance Ltd                   Sub. Debt Programme   ICRA AA      6000    outstanding
Iifl Home Finance Ltd                   LT Fund Based Bk      ICRA AA      50000   outstanding
                                        Lines programme
Iifl Home Finance Ltd                   LT principal          PP-MLDICRA   2000    outstanding
                                        protected market      AA
                                        linked debenture programme
India Infoline Finance Ltd              Second Loss Facility  ICRA A(SO)   80      Reaffirmed
India Infoline Finance Ltd              PTC Series A          ICRA AAA(SO) 912.6   Reaffirmed
India Infoline Finance Ltd              PTC Series A          ICRA AAA(SO) 2000.5  Reaffirmed
India Infoline Finance Ltd              PTC Series A          ICRA AAA(SO) 2216.4  Reaffirmed
India Infoline Finance Ltd              PTC Series A          ICRA AAA(SO) 2678.7  Reaffirmed
India Infoline Finance Ltd              PTC Series A          ICRA AAA(SO) 1040    Reaffirmed
India Infoline Finance Ltd              PTC Series A          ICRA AAA(SO) 1006.6  Reaffirmed
India Infoline Finance Ltd              PTC Series A          ICRA AAA(SO) 1193.8  Reaffirmed
India Infoline Finance Ltd              PTC Series A          ICRA AAA(SO) 862.1   Reaffirmed
India Infoline Finance Ltd              PTC Series A          ICRA AAA(SO) 1905.5  Reaffirmed
Jindal Power Ltd                        LT FB TL              ICRA A-      71161.5 Reaffirmed
outlook revised from ‘Negative’ to ‘Stable’
Jindal Power Ltd                        LT FB CC              ICRA A-      6500    Reaffirmed
outlook revised from ‘Negative’ to ‘Stable’
Jindal Power Ltd                        LT non-FB             ICRA A-      7100    Reaffirmed
outlook revised from ‘Negative’ to ‘Stable’
Jindal Power Ltd                        Unallocated           ICRA A-      8868.5  Reaffirmed
outlook revised from ‘Negative’ to ‘Stable’
Jindal Power Ltd                        NCDs                  ICRA A-      5000    Reaffirmed
outlook revised from ‘Negative’ to ‘Stable’
L&T Interstate Road Corridor            NCD – STRPP 8 to 18   ICRA AAA     2009    Reaffirmed
Ltd                                                           (SO) ;
                                                              Reaffirmed
Shree Umiya Cotspin Pvt. Ltd.           TL                    ICRA BB-     258     -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Shree Umiya Cotspin Pvt. Ltd.           CC                    ICRA BB-     70      -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Stelis Biopharma Pvt Ltd                TL                    ICRA A+(SO)  3800    Reaffirmed
Rating watch with developing implications removed
The Sandur Manganese & Iron             Fund based-TL         ICRA A-      4000    Upgraded
Ores Ltd                                                                           from ICRA
                                                                                   BBB+
The Sandur Manganese & Iron             Fund based- Working   ICRA A-      100     Upgraded
Ores Ltd                                Capital Fac                                from ICRA
                                                                                   BBB+
Unique Engineers Pvt Ltd                CC Limits             ICRA BBB     100     Assigned
Vistaar Financial Services Pvt          NCD Programme         ICRA A-      1990    Assigned
Ltd
Vistaar Financial Services Pvt          NCD Programme         ICRA A-      2762.5  Reaffirmed
Ltd
Vistaar Financial Services Pvt          LT Bk Fac             ICRA A-      10038.7 Reaffirmed
Ltd
--------------------------------------------------------------------------------------------
$: 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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