March 2, 2020 / 12:56 PM / a month ago

RPT-ICRA ratings for Indian debt instruments-Mar 2

 (Repeating to add additional ratings)
    Mar 2 - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd.
(ICRA) for local debt instruments as of February 28, 2020.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
A.S. Moloobhoy Pvt Ltd                  Non-fund based- LOC   ICRA A4      70      Downgraded
                                                                                   from ICRA A4+
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
A.S. Moloobhoy Pvt Ltd                  Non-fund based-       ICRA A4      -       Downgraded
                                        Letter of Guarantee                        from ICRA A4+
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Afcons Infrastructure Ltd               Fund based – ST loans ICRA A1+     7500    Reaffirmed
Afcons Infrastructure Ltd               Non-fund based -      ICRA A1+     12000   Reaffirmed
                                        BG/LC (ST)
Afcons Infrastructure Ltd               CP                    ICRA A1+     9000    Reaffirmed
Ankit International                     ST non-FB limit       ICRA A4      450     Reaffirmed
Godrej & Boyce Manufacturing            CP Programme          ICRA A1+     6000    Reaffirmed
Co. Ltd
Kotak Commodity Services Pvt            ST Bk Lines           ICRA A1+     2500    Withdrawn
Ltd
Kotak Commodity Services Pvt            CP Programme          ICRA A1+     2000    Withdrawn
Ltd
Metropolitan Eximchem Pvt. Ltd          ST FB limit           ICRA A1@     39      -
@-watch with negative implications
Metropolitan Eximchem Pvt. Ltd          ST non-FB limits      ICRA A1@     135     -
@-watch with negative implications
Mindspace Business Parks Pvt            FBL (optionally       ICRA A1      1410    Reaffirmed
Ltd                                     convertible debenture
                                        Facility)
Mindspace Business Parks Pvt            Non-FBL               ICRA A1      300     Reaffirmed
Ltd
Network18 Media & Investments           CP Programme          ICRA A1+     15000   outstanding
Ltd
Network18 Media & Investments           ST, FB / Non-fund     ICRA A1+     5000    outstanding
Ltd                                     Based Bk Fac
Ongc Mangalore Petrochemicals           Fund Based - Working  ICRA A1+     17500   Reaffirmed
Ltd                                     Capital Fac
Removed from watch with developing implications
Ongc Mangalore Petrochemicals           Non-fund Based -      ICRA A1+     3000    Reaffirmed
Ltd                                     Working Capital Fac
Removed from watch with developing implications
Ongc Mangalore Petrochemicals           CP                    ICRA A1+     13000   Reaffirmed
Ltd
Removed from watch with developing implications
Tv18 Broadcast Ltd                      CP Programme          ICRA A1+     7500    outstanding
Tv18 Broadcast Ltd                      ST, FB / Non-fund     ICRA A1+     7500    outstanding
                                        Based Bk Fac
Viacom18 Media Pvt Ltd                  CP Programme          ICRA A1+     5000    outstanding
Viacom18 Media Pvt Ltd                  ST, FB / Non-fund     ICRA A1+     16107   outstanding
                                        Based Bk Fac
Abt Industries Ltd                      Non- convertible      ICRA BB+     100     -
                                        debenture             (Stable)
(Reason for delay in carrying out periodic review: Review process underway)
Bavtawala Iron & Steels Pvt.            Bk Loan Ratings       ICRA         600     -
Ltd.                                                          BB(Stable)
                                                              / A4
(Reason for delay in carrying out periodic review: - Issuer not cooperating)
Mandovi Casting Pvt Ltd                 Bk loans              ICRA B       78.1    -
                                                              (Stable) /
                                                              A4
(Reason for delay in carrying out periodic review: Issuer delayed in giving information)
    


LONG TERM RATINGS:
-------------------
A.S. Moloobhoy Pvt Ltd                  Unallocated limits    ICRA         110     Downgraded
                                                              B+(Stable)           from ICRA
                                                              / A4                 BB(Stable)/
                                                                                   A4+
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Afcons Infrastructure Ltd               NCD Programme         -            3000    -
Long-term rating: ICRA AA-; downgraded from ICRA AA, rating removed from watch with developing
implications and ‘Negative’ outlook assigned
Afcons Infrastructure Ltd               Fund based - TL       -            8000    -
Long-term rating: ICRA AA-; downgraded from ICRA AA, rating removed from watch with developing
implications and ‘Negative’ outlook assigned
Afcons Infrastructure Ltd               Fund based - CC (LT)  -            14000   -
Long-term rating: ICRA AA-; downgraded from ICRA AA, rating removed from watch with developing
implications and ‘Negative’ outlook assigned
Afcons Infrastructure Ltd               Non-fund based -      -            136500  -
                                        BG/LC (LT)
Long-term rating: ICRA AA-; downgraded from ICRA AA, rating removed from watch with developing
implications and ‘Negative’ outlook assigned
Ankit International                     LT FB limit           ICRA         -       Reaffirmed
                                                              B(Stable)
Ankit International                     Unallocated Amount    ICRA         5       Reaffirmed
                                                              B(Stable) /
                                                              A4
Au Small Finance Bank Ltd -             PTC Series A          ICRA AA(SO)  -       Withdrawn
India Standard Loan Trust
Xxviii
Au Small Finance Bank Ltd -             Liquidity Facility    ICRA AAA(SO) -       Withdrawn
India Standard Loan Trust
Xxviii
Au Small Finance Bank Ltd -             Second Loss Facility  ICRA BBB(SO) -       Withdrawn
India Standard Loan Trust
Xxviii
Cholamandalam Investment And            Second Loss Facility  ICRA A+ (SO) -       Withdrawn
Finance Co. Ltd - Platinum
Trust March 2017- Tranche Ii
Cholamandalam Investment And            PTC Series A          ICRA AAA(SO) -       Withdrawn
Finance Co. Ltd - Platinum
Trust March 2017- Tranche Ii
Glitter Metals Pvt Ltd                  Unallocated Limits    ICRA B+      100     Assigned
                                                              (Stable) /
                                                              A4
Mahati Hydro Power Projects             LT, Fund based – TL   ICRA BBB-    300     Withdrawn
Pvt Ltd                                                       (Stable)
Mahati Hydro Power Vidharbha            LT, Fund based – TL   ICRA BBB-    1143.5  Withdrawn
Pvt Ltd                                                       (CE)
                                                              (Stable)
Mindspace Business Parks Pvt            TL                    ICRA         11490   Reaffirmed
Ltd                                                           A+(Stable)
Mindspace Business Parks Pvt            Proposed Limits       ICRA         2773.2  Reaffirmed
Ltd                                                           A+(Stable)
National Cooperative                    NCD Programme         ICRA AA      3000    Reaffirmed
Development Corporation                                       (Stable)
Ongc Mangalore Petrochemicals           Fund Based - Working  ICRA AA+&    -       Withdrawn
Ltd                                     Capital Fac (CC)
Osia Gems Pvt Ltd                       LT / ST, FB Limits    ICRA         550     Revised from
                                                              B+(Stable)           ICRA
                                                              / A4                 BB(Stable)/
                                                                                   A4+
(moved to Issuer Not Cooperating category)
Ramani Cars Pvt Ltd                     Fund Based – LT       ICRA         50      Assigned
                                                              BBB-(Stable)
Subhang Capsas Pvt. Ltd                 CC                    ICRA         45      -
                                                              B+(Stable)
Rating continues to remain in ‘Issuer Not Cooperating’ category
Subhang Capsas Pvt. Ltd                 TL                    ICRA         14.6    -
                                                              B+(Stable)
Rating continues to remain in ‘Issuer Not Cooperating’ category
Subhang Capsas Pvt. Ltd                 Unallocated Limits    ICRA         5.4     -
                                                              B+(Stable)
Rating continues to remain in ‘Issuer Not Cooperating’ category
Tata Community Initiatives              LT, Non-FB Fac        ICRA A       50      Assigned
Trust                                                         (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@refinitiv.com)
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