September 5, 2018 / 11:21 AM / 5 months ago

ICRA ratings for Indian debt instruments-Sep 5

   Sep 5 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of September 4, 2018.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Aditya Birla Finance Ltd                CP programme          ICRA A1+     120000  Outstanding
Bansal Alloys & Metals Pvt Ltd          ST Non-FB Fac         ICRA A3+     352     Upgraded
                                                                                   from ICRA A3
Icici Prudential Asset                  ICICI Prudential      ICRA A1+mfs  -       Withdrawn
Management Co. Ltd                      Fixed Maturity Plan –
                                        Series 82 – 91 Days Plan Z
Icici Prudential Asset                  ICICI Prudential      ICRA A1+mfs  -       Withdrawn
Management Co. Ltd                      Fixed Maturity Plan –
                                        Series 83 – 91 Days Plan C
J.M. Financial & Investment             CP programme (IPO     ICRA A1+     -       Withdrawn
Consultancy Services Pvt Ltd            Financing)
J.M. Financial & Investment             CP programme          ICRA A1+     2000    Outstanding
Consultancy Services Pvt Ltd
Jm Financial Capital Ltd                CP programme (IPO     ICRA A1+     5000    Assigned
                                        Financing)
Jm Financial Capital Ltd                CP programme (IPO     ICRA A1+     -       Withdrawn
                                        Financing)
Jm Financial Capital Ltd                CP Programme          ICRA A1+     10000   Outstanding
Jm Financial Products Ltd               CP Programme (IPO     ICRA A1+     10000   Assigned
                                        Financing)
Jm Financial Products Ltd               CP Programme (IPO     ICRA A1+     -       Withdrawn
                                        Financing)
Jm Financial Products Ltd               CP programme          ICRA A1+     45000   Outstanding
Jm Financial Properties And             CP programme (IPO     ICRA A1+     2000    Assigned
Holdings Ltd                            Financing)
Jm Financial Properties And             CP programme (IPO     ICRA A1+     -       Withdrawn
Holdings Ltd                            Financing)
Noble Natural Resources India           ST FB Limits          ICRA A1+     2700    -
Pvt Ltd                                                       (S)&
put on watch with developing implications
Onshore Construction Company            ST Non-FBL            ICRA A2+     1283.7  Reaffirmed
Pvt Ltd
Onshore Construction Company            ST Unallocated Limits ICRA A2+     772.1   Reaffirmed
Pvt Ltd
Piramal Capital & Housing               CP                    ICRA A1+     90000   Reaffirmed
Finance Ltd
Pramanik Metal Corporation              Non-FB – LOC^         ICRA A4      -       Assigned
^sublimit of cash credit facility
Shree Shyam Sponge & Power Ltd          NFBL                  ICRA A4              Reaffirmed
Supreme Power Equipment Pvt Ltd         ST, LOC               ICRA A4      5       Reaffirmed
Supreme Power Equipment Pvt Ltd         ST, BG                ICRA A4      5       Reaffirmed

LONG TERM RATINGS:
-------------------
24/7 Customer Pvt Ltd                   LT Non-Fund Based     ICRA A-      900     Reaffirmed
Aditya Birla Finance Ltd                Perpetual debt        ICRA         7000    Outstanding
                                        programme             AA+(hyb)
Aditya Birla Finance Ltd                Bk lines              ICRA AAA     196230  Assigned
Aditya Birla Finance Ltd                NCD programme         ICRA AAA     156750  Outstanding
Aditya Birla Finance Ltd                Unsecured NCD         ICRA AAA     15000   Outstanding
                                        programme
Aditya Birla Finance Ltd                Subordinated debt     ICRA AAA     25000   Outstanding
                                        programme
Asa International India                 PTC Series A1         ICRA A-(SO)  271.7   Withdrawn
Microfinance Ltd- Altair IFMR
Capital 2017
Asa International India                 PTC Series A2         ICRA         23.4    Withdrawn
Microfinance Ltd- Altair IFMR                                 BBB-(SO)
Capital 2017
Bansal Alloys & Metals Pvt Ltd          LT FB Fac             ICRA BBB     200     Upgraded
                                                                                   from ICRA
                                                                                   BBB-
Bansal Alloys & Metals Pvt Ltd          LT Overdraft          ICRA BBB     30      Assigned
Belstar Investment And Finance          PTC Series A1         Provisional  349.5   Assigned
Pvt Ltd -Vivriti Harper 072018                                ICRA A(SO)
Belstar Investment And Finance          PTC Series A2         Provisional  4       Assigned
Pvt Ltd -Vivriti Harper 072018                                ICRA A-(SO)
Creditaccess Grameen Ltd -              PTC Series A          Provisional  660.8   Final Ratings
Northern Arc 2018 Mfi Nowshera                                rating of
                                                              ICRA A(SO)
Darshita Aashiyana Pvt Ltd              Fund based facility 2 ICRA A (SO)  200     Final Ratings
Darshita Aashiyana Pvt Ltd              Fund based facility 1 ICRA A(SO)   800     Reaffirmed
Dhs Hotels Pvt Ltd                      FB- CC                ICRA BB      23      Upgraded
                                                                                   from ICRA BB-
Dhs Hotels Pvt Ltd                      FB- TL                ICRA BB      181.2   Upgraded
                                                                                   from ICRA BB-
Dhs Hotels Pvt Ltd                      Non-FBL               ICRA BB      2.6     Upgraded
                                                                                   from ICRA BB-
Dhs Hotels Pvt Ltd                      Unallocated Limits    ICRA BB      93.2    Upgraded
                                                                                   from ICRA BB-
Geetanjali Agro Industries              FBL                   ICRA B+      92.5    Reaffirmed
Geetanjali Agro Industries              Unallocated Limits    ICRA B+      37.5    Reaffirmed
Icici Prudential Asset                  ICICI Prudential ST   ICRA AAAmfs  -       Outstanding
Management Co. Ltd                      Fund (erstwhile ICICI
                                        Prudential ST Plan)
Icici Prudential Asset                  ICICI Prudential      ICRA AAAmfs  -       Outstanding
Management Co. Ltd                      Fixed Maturity Plan –
                                        Series 82 – 1185 Days Plan I
Icici Prudential Asset                  ICICI Prudential      ICRA AAmfs   -       Outstanding
Management Co. Ltd                      Medium Term Bond Fund
                                        (erstwhile ICICI Prudential Corporate Bond
Jm Financial Capital Ltd                NCD Programme         ICRA AA      2000    Outstanding
Jm Financial Capital Ltd                LT Equity Linked      PP-MLDICRA   2000    Outstanding
                                        Debentures (Principal AA
                                        Protected)
Jm Financial Products Ltd               NCD programme         ICRA AA      25000   Outstanding
Jm Financial Products Ltd               LT Bk lines           ICRA AA      15000   Outstanding
Jm Financial Products Ltd               LT market linked      PP-MLDICRA   5000    Outstanding
                                        debentures (Principal AA
                                        Protected)
Jm Financial Properties And             TL                    ICRA AA      1350    Outstanding
Holdings Ltd
Noble Natural Resources India           LT/ ST FB Limits      ICRA AA-(S)          -
Pvt Ltd                                                       &/ICRA
                                                              A1+(S) &
put on watch with developing implications
Onshore Construction Company            LT FBL                ICRA A-      144.2   Upgraded
Pvt Ltd                                                                            from ICRA
                                                                                   BBB+
Piramal Capital & Housing               NCDs                  ICRA AA+     55450   Upgraded
Finance Ltd                                                                        from ICRA AA
Piramal Capital & Housing               Sub-Ordinate          ICRA AA+     5000    Upgraded
Finance Ltd                             (Tier-II) Bonds                            from ICRA AA
Piramal Capital & Housing               LT Bk Lines – Line of ICRA AA+     28750   Upgraded
Finance Ltd                             Credit/CC                                  from ICRA AA
Piramal Capital & Housing               LT Bk Lines – TL      ICRA AA+     99470   Upgraded
Finance Ltd                                                                        from ICRA AA
Pramanik Metal Corporation              FB – CC               ICRA B       140     Reaffirmed
removed from non-cooperation category
Rapid Metrorail Gurgaon South           Fund based-TL         ICRA D       15000   Revised from
Ltd                                                                                ICRA C
Shree Shyam Sponge & Power Ltd          FBL                   ICRA BB-     100     Reaffirmed
Shrinivasa Cattle Feeds Pvt Ltd         FB - Working Capital  ICRA BB-     270     Reaffirmed
                                        Fac
removed from Issuer Not-cooperating category
Shrinivasa Cattle Feeds Pvt Ltd         Unallocated           ICRA BB-     10      Reaffirmed
removed from Issuer Not-cooperating category
Skn- Haryana City Gas                   FB                    ICRA BB+     70.8    Upgraded
Distribution Pvt Ltd                                                               from ICRA BB
Skn- Haryana City Gas                   Non-fund Based        ICRA BB+     100     Upgraded
Distribution Pvt Ltd                                                               from ICRA BB
Sugam Vanijya Holdings Pvt Ltd          Proposed NCD          Provisional  4850    Assigned
                                                              ICRA
                                                              BBB+(SO)
Sugam Vanijya Holdings Pvt Ltd          Proposed TL           Provisional  1350    Assigned
                                                              ICRA
                                                              BBB+(SO)
Sugam Vanijya Holdings Pvt Ltd          Proposed Overdraft    Provisional  300     Assigned
                                                              ICRA
                                                              BBB+(SO)
Sugam Vanijya Holdings Pvt Ltd          Proposed Non-FB LimitsProvisional  500     Assigned
                                                              ICRA
                                                              BBB+(SO)
Supreme Power Equipment Pvt Ltd         LT, CC facility       ICRA BB-     37      Upgraded
                                                                                   from ICRA B+
Tamil Nadu Urban Development            Term-loan (proposed)  Provisional  1000    -
Fund                                                          ICRA A(SO)
Urbanedge Hotels Pvt Ltd                FB-TL                 ICRA C+      1120    Assigned
Zenica Cars India Pvt Ltd               LT Unallocated Limits ICRA D       1500    Downgraded
                                                                                   from ICRA BBB
(ISSUER NOT COOPERATING)
Zenica Performance Cars Pvt Ltd         LT Unallocated Limits ICRA D       400     Downgraded
                                                                                   from ICRA
                                                                                   BBB-
Moved to (ISSUER NOT COOPERATING) category
--------------------------------------------------------------------------------------------
$: 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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