January 2, 2020 / 9:37 AM / a month ago

RPT-ICRA ratings for Indian debt instruments-Jan 2

 (Repeating to add more ratings)
   Jan 2 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of January 1, 2020.

COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
------                                  ----------            ------      -----    ---------
Guarniflon India Pvt Ltd                ST FB Preshipment     ICRA A3      125.9   Reaffirmed
                                        export credit^
^ Sub-limits of pre-shipment export credit are as follows: Fund-based – Post Shipment Credit of
Rs. 8.77 crore, which is fully interchangeable, non-fund based Letter of Credit of Rs. 5.00
crore and non-fund based Bank Guarantee of Rs. 1.25 crore
NGL Fine-Chem Ltd                       ST Non-fund Based LOC ICRA A2      48      Reaffirmed
NGL Fine-Chem Ltd                       ST Non-fund Based PSR ICRA A2      40      Reaffirmed
Guarniflon India Pvt Ltd                LT FB TL              -            -       -         
Guarniflon India Pvt Ltd                LT FB CC              ICRA BBB-    -       Reaffirmed
NGL Fine-Chem Ltd                       LT FB TL              ICRA         153     Reaffirmed
NGL Fine-Chem Ltd                       LT FB CC              ICRA         185     Reaffirmed
Shree Ram Pulse Mills                   LT fund based         ICRA B+      50      -
(Reason for delay in carrying out periodic review: - 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wd -Rating Stands Withdrawn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@refinitiv.com)
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