December 6, 2018 / 10:54 AM / in 2 months

RPT-ICRA ratings for Indian debt instruments-Dec 6

 (Repeating to add more ratings)
    Dec 6 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of December 5, 2018.

COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Asian Granito India Ltd                 ST Non-FB limits      ICRA A1      658.4   Reaffirmed
Camrola Quartz Ltd.                     ST Non-FBL - BG/LOC   ICRA A1(SO)  54.6    Reaffirmed
Crystal Ceramic Industries              ST Non-FBL– BG/LOC    ICRA A1(SO)  110     Reaffirmed
Pvt. Ltd.
Irc Agrochemicals Pvt Ltd               ST Non- Fund based -  ICRA A1(SO)  2300    Assigned
Sanghi Industries Ltd                   ST FBL                ICRA A1      600**   outstanding
** Rating for short-term fund based limit assigned for the first time; includes Rs. 25 crore
interchangeability with non-fund based limit.
Sanghi Industries Ltd                   Non-FBL               ICRA A1      150     outstanding
Uti Asset Management Co. Ltd            UTI Overnight Fund    ICRA A1+mfs  -       Assigned
Uti Asset Management Co. Ltd            UTI Liquid Cash Plan  ICRA A1+mfs  -       outstanding
Uti Asset Management Co. Ltd            UTI FIIF Quarterly    ICRA A1+mfs  -       outstanding
                                        Interval Plan -Series
                                        VI

LONG TERM RATINGS:
-------------------
Ace Pipeline Contracts Pvt. Ltd         LT FB CC              ICRA C       150     -
Downgraded from ICRA BB (Stable) and simultaneously upgraded to ICRA BB-(Stable)
Ace Pipeline Contracts Pvt. Ltd         LT Non-FB BG          ICRA C       600     -
Downgraded from ICRA BB (Stable) and simultaneously upgraded to ICRA BB-(Stable)
Ace Pipeline Contracts Pvt. Ltd         LT Interchangeable    ICRA C       -       -
Downgraded from ICRA BB (Stable) and simultaneously upgraded to ICRA BB-(Stable)
Asa International India                 NCD Programme         ICRA BBB     520     Assigned
Microfinance Ltd
Asa International India                 TL                    ICRA BBB     7000    outstanding
Microfinance Ltd
Asa International India                 NCD Programme         ICRA BBB     525     outstanding
Microfinance Ltd
Asa International India                 NCD Programme         ICRA BBB     450     outstanding
Microfinance Ltd
Asian Granito India Ltd                 LT FB TL              ICRA A       142.9   Reaffirmed
outlook revised to Negative from Stable
Asian Granito India Ltd                 LT FB CC              ICRA A       2200    Reaffirmed
outlook revised to Negative from Stable
Asian Granito India Ltd                 Unallocated Limits    ICRA A       118.7   Reaffirmed
outlook revised to Negative from Stable
Bestech Hospitalities Pvt Ltd           TL                    ICRA BBB+    502.8   Reaffirmed
Camrola Quartz Ltd.                     LT FB Limits - CC     ICRA A(SO)   100.4   Reaffirmed
outlook revised to Negative from Stable
Camrola Quartz Ltd.                     LT FB Limits - TL     ICRA A(SO)   248     Reaffirmed
outlook revised to Negative from Stable
Crystal Ceramic Industries              LT FB TL              ICRA A(SO)   500     Reaffirmed
Pvt. Ltd.
outlook revised to Negative from Stable
Crystal Ceramic Industries              LT FB CC              ICRA A(SO)   700     Reaffirmed
Pvt. Ltd.
outlook revised to Negative from Stable
Columbia Asia Hospitals Pvt Ltd         Fund Based-Overdraft  ICRA BBB     350     Reaffirmed
Columbia Asia Hospitals Pvt Ltd         Fund Based-TL         ICRA BBB     6141.2  Reaffirmed
Irc Agrochemicals Pvt Ltd               LT/ST-Fund based and  ICRA A+(SO)  9200    outstanding
                                        Non-Fund based        /ICRA A1(SO)
Irc Agrochemicals Pvt Ltd               LT/ST-Fund based and  Provisional  2050    outstanding
                                        Non-Fund based        ICRA
                                                              A+(SO)/ Provisional ICRA A1(SO)
Karvy Fintech Pvt Ltd                   NCD Programme         ICRA AA-     4000    Reassigned
                                                                                   from
                                                                                   Provisional 
                                                                                   ICRA AA-(SO)
Northern Arc Capital Ltd                PTC Series A          Provisional          Assigned
                                                              ICRA A (SO)
Oxyzo Financial Services Pvt            Issuer rating         ICRA BBB     0       Assigned
Ltd
Sanghi Industries Ltd                   NCD Programme (NCD)   ICRA A       2580    outstanding
Sanghi Industries Ltd                   TL                    ICRA A       2000    outstanding
Sanghi Industries Ltd                   LT FBL                ICRA A       1500    outstanding
Uti Asset Management Co. Ltd            UTI Ultra ST Fund     ICRA AAAmfs  -       outstanding
Uti Asset Management Co. Ltd            UTI Treasury          ICRA AAAmfs  -       outstanding
                                        Advantage Fund
Uti Asset Management Co. Ltd            UTI Bond Fund         ICRA AAAmfs  -       outstanding
Uti Asset Management Co. Ltd            UTI Dynamic Bond Fund ICRA AAAmfs  -       outstanding
Uti Asset Management Co. Ltd            UTI Bking and PSU     ICRA AAAmfs  -       outstanding
                                        Debt Fund
Uti Asset Management Co. Ltd            UTI Capital           ICRA         -       outstanding
                                        Protection Oriented   AAAmfs(SO)
                                        Scheme Series X -Plan 2
Uti Asset Management Co. Ltd            UTI Capital           ICRA         -       outstanding
                                        Protection Oriented   AAAmfs(SO)
                                        Scheme Series IX -Plan 1
Uti Asset Management Co. Ltd            UTI Capital           ICRA         -       outstanding
                                        Protection Oriented   AAAmfs(SO)
                                        Scheme Series IX -Plan 2
Uti Asset Management Co. Ltd            UTI Capital           ICRA         -       outstanding
                                        Protection Oriented   AAAmfs(SO)
                                        Scheme Series IX -Plan 3
Vitp Pvt Ltd                            NCD                   ICRA BBB     3500    -
--------------------------------------------------------------------------------------------
$: 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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