March 14, 2018 / 10:41 AM / 3 months ago

RPT-ICRA ratings for Indian debt instruments-Mar 14

 (Repeating to add more ratings)
    Mar 14 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of March 13, 2018.

COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Barclays Bank Plc (India                CD programme          ICRA A1+     50000   Outstanding
Operations)
Barclays Investments And Loans          CP programme          ICRA A1+     25000   Outstanding
(India) Ltd
Barclays Securities (India)             CP programme          ICRA A1+     2500    Outstanding
Pvt Ltd
Dsp Blackrock Investment                DSP BlackRock Fixed   ICRA A1+mfs  -       Assigned
Managers Pvt Ltd                        Maturity Plan -
                                        Series 222 – 3M
Dsp Blackrock Investment                DSP BlackRock Fixed   ICRA A1+mfs  -       Assigned
Managers Pvt Ltd                        Maturity Plan -
                                        Series 225 – 3M
Eneroil Offshore Drilling Ltd           ST Non fund based     ICRA A4+     95      Assigned
                                        facility
Iifl Facilities Services Ltd            CP programme (IPO     ICRA A1+     0       Withdrawn
                                        financing)
Iifl Facilities Services Ltd            CP programme          ICRA A1+     7000    outstanding
Iifl Wealth Finance Ltd                 CP programme (IPO     ICRA A1+     0       Withdrawn
                                        financing)
Iifl Wealth Finance Ltd                 CP programme          ICRA A1+     55000   outstanding
Iifl Wealth Management Ltd              CP programme (IPO     ICRA A1+     0       Withdrawn
                                        financing)
Iifl Wealth Management Ltd              CP programme          ICRA A1+     5000    outstanding
India Infoline Finance Ltd              CP programme (IPO     ICRA A1+     0       Withdrawn
                                        financing)
India Infoline Finance Ltd              CP programme          ICRA A1+     90000   outstanding
Kish Exports Ltd                        Non-Fund Based        ICRA A4      10      
ISSUER NOT COOPERATING    
Punjab National Bank                    CDs                   ICRA A1+     600000  outstanding
Pyramid Timber Associates Pvt           ST – FundBased        ICRA A4      10      -
Ltd                                     (Inland BD)
ISSUER NOT COOPERATING
Pyramid Timber Associates Pvt           ST – NonFund Based    ICRA A4      100     -
Ltd
ISSUER NOT COOPERATING
Reflexions Narayani Impex Pvt           Packing Credit        ICRA A4      20      Reaffirmed
Ltd
Reflexions Narayani Impex Pvt           Foreign Bill Purchase ICRA A4      20      Reaffirmed
Ltd
Satin Creditcare Network Ltd.           CP                    ICRA A2      2000    outstanding
Sharman Woollen Mills Ltd               ST – Non-FB Fac       ICRA A4      30      
Review process is underway 
Shyam Industries                        Non-fund Based –      ICRA A4+     20      Upgraded
                                        Forward Cover                              from ICRA A4

MEDIUM TERM RATINGS:
-------------------

Punjab National Bank                    Infrastructure Bonds  ICRA AA+@    -       -
                                        Programme Fixed       MAAA @
                                        deposit programme
@ Under Rating Watch with Negative Implications
Punjab National Bank                    Fixed deposit         MAAA@        -       -
                                        programme
@ Under Rating Watch with Negative Implications


LONG TERM RATINGS:
-------------------
Ayushman Merchants Pvt Ltd              CC                    ICRA BB-     230     Upgraded
                                                                                   from ICRA B+
Ayushman Merchants Pvt Ltd              BG                    ICRA BB-     50      Upgraded
                                                              /ICRA A4+            from ICRA B+
                                                                                   / Reaffirmed
Ayushman Merchants Pvt Ltd              Unallocated           ICRA BB-     50      Upgraded
                                                              /ICRA A4+            from ICRA B+
                                                                                   / Reaffirmed
Barclays Investments And Loans          NCD (NCD) programme   ICRA AAA     7450    Outstanding
(India) Ltd
Barclays Investments And Loans          Bk lines              ICRA AAA /   1500    Outstanding
(India) Ltd                                                   ICRA A1+             
Barclays Investments And Loans          LT equity-linked      PP-MLDICRA   15896   Outstanding
(India) Ltd                             debenture programme   AAA                 
Cholamandalam Investment And            Second Loss Facility  Provisional  135.6   Final
Finance Co.                                                   rating of
Ltd-Platinum Trust                                            ICRA A(SO)
December 2017 - Tranche II  
Cholamandalam Investment And            PTC Series A          Provisional  4171.4  Final
Finance Co.                                                   rating of
Ltd-Platinum Trust                                            ICRA AAA(SO)    
December 2017 -Tranche II                 
Citizen Cars                            CC                    ICRA D       70      -
ISSUER NOT COOPERATING*
Citizen Cars                            Unallocated           ICRA D       30      -
ISSUER NOT COOPERATING*
Dsp Blackrock Investment                DSP BlackRock ST Fund ICRA AAAmfs  -       outstanding
Managers Pvt Ltd                        -
Dsp Blackrock Investment                DSP BlackRock         ICRA AAAmfs  -       outstanding
Managers Pvt Ltd                        Liquidity Fund -
Dsp Blackrock Investment                DSP BlackRock Bking & ICRA AAAmfs  -       outstanding
Managers Pvt Ltd                        PSU - Debt Fund
Dsp Blackrock Investment                DSP BlackRock         ICRA AAAmfs  -       outstanding
Managers Pvt Ltd                        Strategic Bond - Fund
Dsp Blackrock Investment                DSP BlackRock Money   ICRA AAAmfs  -       outstanding
Managers Pvt Ltd                        Manager - Fund
Ess Kay Fincorp Ltd-Volga               PTC Series A1         Provisional  436.5   Final
Cv Ifmr Capital 2017                                          rating of
                                                              ICRA A-(SO)
Ess Kay Fincorp Ltd-Volga               PTC Series A2         Provisional  46.7    Final
Cv Ifmr Capital 2017                                          rating of
                                                              ICRA BB(SO)
Eneroil Offshore Drilling Ltd           LT Fund based facilityICRA BB      50      Assigned
Eneroil Offshore Drilling Ltd           Unallocated           ICRA BB /    5       Assigned
                                                              ICRA A4+
Fincare Small Finance Bank Ltd          PTC Series A1         ICRA A-(SO)  -       Withdrawn
Iifl Facilities Services Ltd            Unsecured debt        ICRA AA      500     outstanding
                                        programme
Iifl Facilities Services Ltd            LT debt programme     ICRA AA      7000    outstanding
Iifl Wealth Finance Ltd                 NCD programme         ICRA AA      3000    outstanding
Iifl Wealth Finance Ltd                 Unsecured NCD         ICRA AA      5000    outstanding
                                        programme
Iifl Wealth Finance Ltd                 LT principal          PP-MLDICRA   2000    outstanding
                                        protected market      AA
                                        linked debenture programme
Iifl Wealth Finance Ltd                 LT principal          PP-MLDICRA   25500   outstanding
                                        protected market      AA
                                        linked debenture programme
Iifl Wealth Management Ltd              Secured NCD programme ICRA AA      1000    outstanding
India Infoline Finance Ltd              Sub. Debt Programme   ICRA AA      10000   outstanding
India Infoline Finance Ltd              LT Bk Lines           ICRA AA      57750   outstanding
India Infoline Finance Ltd              LT debt programme     ICRA AA      25100   outstanding
India Infoline Finance Ltd              Secured NCD programme ICRA AA      20000   outstanding
India Infoline Finance Ltd              Unsecured NCD         ICRA AA      5000    outstanding
                                        programme
India Infoline Finance Ltd              LT principal          PP-MLDICRA   5000    outstanding
                                        protected equity      AA
                                        linked debenture programme
India Infoline Finance Ltd              LT principal          PP-MLDICRA   1000    outstanding
                                        protected market      AA
                                        linked debenture programme
Kanyaka Corporation                     Fund based- CC        ICRA B       40      Assigned
Kanyaka Corporation                     Non-fund based – BG   ICRA B       11.5    Assigned
Kanyaka Corporation                     Unallocated Limits    ICRA B /     48.5    Assigned
                                                              ICRA A4
Kish Exports Ltd                        Fund Based            ICRA B       100     
ISSUER NOT COOPERATING 
Manifold Agricrops Pvt Ltd              TL                    ICRA BBB     303     Assigned
New Citizen Cars                        CC                    ICRA D       50      -
ISSUER NOT COOPERATING*
New Citizen Cars                        Unallocated           ICRA D       50      -
ISSUER NOT COOPERATING*
Palimarwar Solar Project Pvt            TL                    ICRA A-      385.7   Assigned
Ltd
Punjab National Bank                    Basel III Compliant   ICRA         10000   -
                                        Tier II Bonds         AA+(hyb)@
@ Under Rating Watch with Negative Implications
Pyramid Timber Associates Pvt           LT – FundBased (CC)   ICRA BB-     35      -
Ltd
ISSUER NOT COOPERATING
Pyramid Timber Associates Pvt           LT – FundBased (TL)   ICRA BB-     4.1     -
Ltd
ISSUER NOT COOPERATING
Pyramid Timber Associates Pvt           LT/ ST - Unallocated  ICRA BB-/    -       -
Ltd                                                           ICRA A4
ISSUER NOT COOPERATING
Ramson Amp; Bros                        CC                    ICRA BB+     210     Withdrawn
Reflexions Narayani Impex Pvt           TL                    ICRA B       100     Reaffirmed
Ltd
Reflexions Narayani Impex Pvt           Overdraft Facility    ICRA B       248.6   Reaffirmed
Ltd
Reflexions Narayani Impex Pvt           Untied Limits         ICRA B/ICRA  25.7    Reaffirmed
Ltd                                                           A4
Satin Creditcare Network Ltd.           Preference Share      ICRA BBB     450     outstanding
                                        Programme
Satin Creditcare Network Ltd.           NCD Programme         ICRA BBB+    2580    outstanding
Satin Creditcare Network Ltd.           Subordinated Debt     ICRA BBB+    1280    outstanding
                                        Programme
Sharman Woollen Mills Ltd               LT– TL                ICRA BB-     41      
Review process is underway 
Sharman Woollen Mills Ltd               LT– CC                ICRA BB-     125     
Review process is underway 
Shyam Industries                        FB – Working capital  ICRA BB      270     Upgraded
                                        Limits                                     from ICRA A4
Shyam Industries                        FB – Standby Limit -  ICRA BB      54      Upgraded
                                                                                   from ICRA A4
Sidhidata Solar Urja Ltd                TL                    ICRA BBB+    204.4   Assigned
Sri Sai Balaji Tobaccos Pvt Ltd         FBL                   ICRA B+      110     Reaffirmed
Sri Sai Balaji Tobaccos Pvt Ltd         Unallocated           ICRA B+      20      Reaffirmed
Tulsi Trading Corporation               CC                    ICRA BB+     240     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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