May 9, 2018 / 11:05 AM / in 5 months

ICRA ratings for Indian debt instruments-May 9

    May 9 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of May 8, 2018.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Malati Founders Pvt Ltd                 ST, non fund based –  ICRA A4+     5
                                        BG
Issuer delayed in giving information
Tata Cleantech Capital Ltd              CP Programme          ICRA A1+     10000   Assigned
Vinayak International                   ST Non Fund based/LOC ICRA A4      100
(Issuer not cooperating)

LONG TERM RATINGS:
-------------------
Adinath Silks Pvt Ltd (Erst             FB Fac                ICRA BB+     350     Upgraded
Adinath Silks Ltd)                                                                 from ICRA BB
Amma Chandravati Educational            FB Limits             ICRA BB      735
& Charitable Trust
(Issuer not cooperating)
Amma Chandravati Educational            Non-fundbased Limits  ICRA BB      165
& Charitable Trust
(Issuer not cooperating)
Cholamandalam Investment And            Second Loss Facility  Provisional  95.9
Finance Co. Ltd-Platinum Trust                                rating of
2018                                                          ICRA A(SO)
Cholamandalam Investment And            PTC Series A          Provisional  3308.6
Finance Co. Ltd-Platinum Trust                                rating of
2018                                                          ICRA AAA(SO)
Fincare Small Finance Bank              PTC Series A1         ICRA A-(SO)          Withdrawn
Ltd-Cartman Ifmr Capital 2016
Fincare Small Finance Bank              PTC Series A1         ICRA                 Withdrawn
Ltd-Melisandre Ifmr Capital                                   BBB+(SO)
2016
Fincare Small Finance Bank              PTC Series A1         ICRA A-(SO)          Withdrawn
Ltd-Rufous Sbl Ifmr Capital
2016
Fincare Small Finance Bank              PTC Series A1         ICRA A-(SO)          Withdrawn
Ltd-Theoden Ifmr Capital 2016
Goodricke Group Ltd                     FB limits             ICRA AA-/    750     outstanding
                                                              ICRA A1+
Goodricke Group Ltd                     Non- FBL              ICRA AA-/    90      Assigned/
                                                              ICRA A1+             Outstanding
Ishaan Metals Pvt Ltd                   Fund Based- CC (CC)/  ICRA B+      100     Reaffirmed
                                        Overdraft (optionally
                                        convertible debenture)
Ishaan Metals Pvt Ltd                   Unallocated           ICRA B+      25      Reaffirmed
Karnataka Housing Board                 LT – Unallocated      ICRA A       10000   Assigned
                                        Limits
Malati Founders Pvt Ltd                 LT, fund based – TL   ICRA BB+     14.8
Issuer delayed in giving information
Malati Founders Pvt Ltd                 LT, fund based – CC   ICRA BB+     33
Issuer delayed in giving information
Malati Founders Pvt Ltd                 LT/ST - Unallocated   ICRA BB+ /   26.6
                                                              ICRA A4+
Issuer delayed in giving information
Modway Suiting Pvt. Ltd.                Fund- based- TL       ICRA B+      70      Assigned
Modway Suiting Pvt. Ltd.                Fund- based- CC       ICRA B+      30      Assigned
Vinayak International                   LT Fund based/CC      ICRA B+      200
(Issuer not cooperating)
Zen Lefin Pvt Ltd-Ephor Sbl             PTC Series A1         ICRA A+(SO)          Withdrawn
Ifmr Capital 2016
Zen Lefin Pvt Ltd-Kudrow Sbl            PTC Series A1         ICRA A+(SO)          Withdrawn
Ifmr Capital 2016
--------------------------------------------------------------------------------------------
$: 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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