April 12, 2018 / 11:22 AM / 7 days ago

RPT-ICRA ratings for Indian debt instruments-Apr 12

 (Repeating to add more Ratings.)
    Apr 12 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of April 11, 2018.

COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Andritz Hydro Pvt Ltd                   Non-fund              ICRA A1      9100    outstanding
                                        based-Working Capital
                                        Fac
National Highways Authority Of          Fund based-           ICRA A1+     50000   outstanding
India
Barclays Bank Plc (India                CD programme          ICRA A1+     50000   Reaffirmed
Operations)
Barclays Investments And Loans          CP programme          ICRA A1+     25000   Reaffirmed
(India) Ltd
Barclays Securities (India)             CP programme          ICRA A1+     2500    Reaffirmed
Pvt Ltd
Paris Elysees India Pvt Ltd             FB Limits             ICRA A4      90      -
(Issuer Not Cooperating)
Paris Elysees India Pvt Ltd             Non-FBL               ICRA A4      8.5     -
(Issuer Not Cooperating)
Paris Elysees India Pvt Ltd             Unallocated Limits    ICRA A4      9       -
(Issuer Not Cooperating)
Sanghvi & Sons                          BLR                   ICRA A3      660     -
(Issuer Not Cooperating)
Sundaram Finance Ltd                    CP                    ICRA A1+     60000   outstanding
Sundaram Finance Ltd                    Short-TL from Bks     ICRA A1+     10000   outstanding
Suryansh Metal & Alloys                 NFB                   ICRA A4      57      -
(Issuer Not Cooperating)

MEDIUM TERM RATINGS:
-------------------
Sundaram Finance Ltd                    FD                    MAAA         -       outstanding


LONG TERM RATINGS:
-------------------
Andritz Hydro Pvt Ltd                   Fund based-WCapital   ICRA A+      4080    Assigned /
                                        Fac                                        Outstanding
Annapurna Finance Pvt Ltd               PTC Series A1         Provisional  355.5   -
                                                              ICRA A-(SO)
(Confirmed as final)
Bajaj Allianz General                   CPA                   -            -       Reaffirmed
Insurance Co. Ltd
Barclays Investments And Loans          NCD (NCD) programme   ICRA AAA     7450    Reaffirmed
(India) Ltd
Barclays Investments And Loans          Bk lines              ICRA AAA /   1500    Reaffirmed
(India) Ltd                                                   ICRA A1+
Barclays Investments And Loans          LT equity-linked      PP - MLD     15896   Reaffirmed
(India) Ltd                             debenture programme   ICRA AAA
National Highways Authority Of          54EC bonds – 2014-15  ICRA AAA     -       Withdrawn
India
National Highways Authority Of          LT Borrowing          ICRA AAA     620000  outstanding
India                                   Programme for 2018-19
National Highways Authority Of          LT Borrowing          ICRA AAA     590000  outstanding
India                                   Programme for 2017-18
National Highways Authority Of          LT Borrowing          ICRA AAA     331180  outstanding
India                                   Programme for 2016-17
National Highways Authority Of          Tax-free Bonds –      ICRA AAA     190000  outstanding
India                                   2015-16
Paris Elysees India Pvt Ltd             TL                    ICRA BB-     5.2     -
(Issuer Not Cooperating)
Rainbow Devices Trust                   PTCs                  Provisional  50000   Assigned
                                                              ICRA AAA(SO)
Sapphire Projects Pvt Ltd               TL                    ICRA B       250     -
(Issuer Not Cooperating)
Siti Networks Ltd                       Long-TL               ICRA A-      2000    Assigned
Siti Networks Ltd                       LT, Non-FBL           ICRA A-      750     outstanding
Siti Networks Ltd                       LT, FBL               ICRA A-      250     outstanding
Siti Networks Ltd                       LTLoan                ICRA AA(SO)  500     outstanding
Sri Sai Leela Electrical                Fund based            ICRA B+      35      -
Projects
(Issuer Not Cooperating)
Sri Sai Leela Electrical                Non-fund based CPA    ICRA B+      85      -
Projects
(Issuer Not Cooperating)

Sundaram Finance Ltd                    FBL from Bks          ICRA AAA     27500   Assigned
Sundaram Finance Ltd                    Long-TL from Bks      ICRA AAA     16250   outstanding
Sundaram Finance Ltd                    Non-FBL from Bks      ICRA AAA     80.8    outstanding
Sundaram Finance Ltd                    NCDs#                 ICRA AAA     66790   outstanding
# NCDs outstanding as on March 13, 2018
Sundaram Finance Ltd                    Subordinated          ICRA AAA     17571   outstanding
                                        Debentures                                       
Suryansh Metal & Alloys                 FBL                   ICRA B       22      -
(Issuer Not Cooperating)
Suryansh Metal & Alloys                 Unallocated           ICRA B/A4    21      -
(Issuer Not Cooperating)
--------------------------------------------------------------------------------------------
$: 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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