November 7, 2019 / 8:02 AM / 7 days ago

ICRA ratings for Indian debt instruments-Nov 7

    Nov 7 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of November 6, 2019.

COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Emaar Mgf Land Ltd                      Non-FBL               ICRA  A4    2000    Withdrawn
Futuristic Packaging Pvt. Ltd.          PC/ PCFC^             ICRA A4     -       Withdrawn
Issuer Not Cooperating,^Sub-limit of cash credit
Futuristic Packaging Pvt. Ltd.          FDBP/FUDBP^           ICRA A4     -       Withdrawn
Issuer Not Cooperating,^Sub-limit of cash credit
Futuristic Packaging Pvt. Ltd.          BG                    ICRA A4     1.5     Withdrawn
Issuer Not Cooperating
Futuristic Packaging Pvt. Ltd.          LOC                   ICRA A4     50      Withdrawn
Issuer Not Cooperating
Futuristic Packaging Pvt. Ltd.          Forward Exchange      ICRA A4     3.5     Withdrawn
                                        Contract
Issuer Not Cooperating
Interglobe Aviation Ltd                 ST FBL                ICRA A1+    1070    -
Interglobe Aviation Ltd                 ST Non-FBL            ICRA A1+    5892.5  -
Interglobe Aviation Ltd                 ST Interchangeable    ICRA A1+    -       -

LONG TERM RATINGS:
-------------------
Aparna Profiles Pvt. Ltd                FB -TL                ICRA        105     -
                                                              BBB+(SO)
                                                              (Stable)
Reason for delay in carrying out periodic review: Review process is underway
Aparna Profiles Pvt. Ltd                FB - Working Capital  ICRA        60      -
                                        Fac                   BBB+(SO)
                                                              (Stable)
Reason for delay in carrying out periodic review: Review process is underway
Balaji Enterprise                       CC                    ICRA B+     65      Reaffirmed
                                                              (Stable)
Emaar Mgf Land Ltd                      TL                    ICRA  BB    7790    Withdrawn
                                                              (Stable)
Emaar Mgf Land Ltd                      Overdraft             ICRA  BB    2000    Withdrawn
                                                              (Stable)
Emaar Mgf Land Ltd                      Unallocated           ICRA  BB    200     Withdrawn
                                                              (Stable)
Futuristic Packaging Pvt. Ltd.          CC                    ICRA B+     91      Withdrawn
                                                              (Stable)
Issuer Not Cooperating
Futuristic Packaging Pvt. Ltd.          TL                    ICRA B+     40      Withdrawn
                                                              (Stable)
Issuer Not Cooperating
Futuristic Packaging Pvt. Ltd.          Unallocated Limits    ICRA B+     4       Withdrawn
                                                              (Stable)
Issuer Not Cooperating
Gmr Air Cargo And Aerospace             NCD Programme         ICRA        2750    Assigned
Engineering Ltd (Formerly                                     AA(CE)
Known As Gmr Aerospace Engineering Ltd)                       (Stable)
Gmr Air Cargo And Aerospace             NCD Programme         ICRA        -       Withdrawn
Engineering Ltd (Formerly                                     AA(SO)
Known As Gmr Aerospace Engineering Ltd)                       (Stable)
Inovoa Hotels And Resorts Ltd           LT FB – TL            ICRA A-     348.6   Reaffirmed
Removed from rating watch with developing implications and Stable outlook assigned
Interglobe Aviation Ltd                 LT Non-FBL            ICRA A+     7000.2  -
                                                              (Negative)
Interglobe Aviation Ltd                 LT interchangeable    ICRA A+     -       -
                                                              (Negative)
Interglobe Aviation Ltd                 LT- Unallocated       ICRA A+     15178.2 -
                                                              (Negative)
Interglobe Aviation Ltd                 Issuer Rating         ICRA A+     -       -
                                                              (Negative)
Interglobe Aviation Ltd                 LT/ST Non-FBL –       ICRA A+     50859.1 -
                                        Standby LOC           (Negative)/
                                                              ICRA A1+
Natural Storage Solutions Pvt.          NCDs (NCD)            ICRA BB     40      Withdrawn
Ltd.                                                          (Stable)
Issuer Not Cooperating
Natural Storage Solutions Pvt.          Unallocated           ICRA BB     40      Withdrawn
Ltd.                                    NCDs                  (Stable)
Issuer Not Cooperating
The Peria Karamalai Tea And             Fund based- CC        ICRA BB+    100     Assigned
Produce Co. Ltd                                               (Stable)
The Peria Karamalai Tea And             Fund based- TL        ICRA BB+    144.5   Assigned
Produce Co. Ltd                                               (Stable)
The Peria Karamalai Tea And             Unallocated           ICRA BB+    105.5   Assigned
Produce Co. Ltd                                               (Stable)
--------------------------------------------------------------------------------------------
$: 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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