May 8, 2018 / 11:28 AM / 2 months ago

RPT-ICRA ratings for Indian debt instruments-May 8

 (Repeating to add more ratings)
    May 8 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of May 7, 2018.

COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Atc Telecom Infrastructure Pvt          ST Fund- based Limits ICRA AA-     5800    Reaffirmed
Ltd
(Rating removed from rating watch with developing implications)
Citicorp Finance (India) Ltd            ST Debt Programme (ICDICRA A1+     20000   Assigned
Citicorp Finance (India) Ltd            CP                    ICRA A1+     40000   outstanding
Gruh Finance Ltd                        CP Programme          ICRA A1+     75000   Assigned
Idbi Bank Ltd                           Certificates of       ICRA A1      350000  Reaffirmed
                                        Deposit Programme
                                        Trust Name
(Rating watch with negative implications’ removed and ‘negative’ outlook assigned)
Reliance Power Ltd                      ST – NFBL             ICRA A2      400     Reaffirmed
Reliance Power Ltd                      CP/ ST debt           ICRA A2      10000   Reaffirmed
                                        Programme/ NCD (with
                                        maturity of 1000 
                                        less than one year)
Suryoday Small Finance Bank Ltd         CD Programme          ICRA A1      1300    Assigned
                                                                                   /Outstanding
Vidarbha Industries Power Ltd           Working Capital Fac   ICRA A2+     5000    Revised from
                                        (CC/WCDL)                                  ICRA A /ICRA
                                                                                   A1
Vidarbha Industries Power Ltd           Non-FBL (B/G and L/C) ICRA A2+     2000    Revised from
                                                                                   ICRA A /ICRA
                                                                                   A1

MEDIUM TERM RATINGS:
-------------------
Idbi Bank Ltd                           FD                    MAA-         -       Reaffirmed
(Rating watch with negative implications’ removed and ‘negative’ outlook assigned)
Gruh Finance Ltd                        Fixed Deposits        MAAA         -       outstanding
                                        Programme
Suryoday Small Finance Bank Ltd         Fixed Deposit         MA           5000    Outstanding
                                        Programme
 
LONG TERM RATINGS:
-------------------
Anjali Infracrete Pvt Ltd               CC                    ICRA B       35      -
(Reason for delay in carrying out periodic review
- Issuer not cooperating)
Anjali Infracrete Pvt Ltd               TL                    ICRA B       54      -
(Reason for delay in carrying out periodic review
- Issuer not cooperating)
Anjali Infracrete Pvt Ltd               Unallocated           ICRA B       11      -
(Reason for delay in carrying out periodic review
- Issuer not cooperating)
Atc Telecom Infrastructure Pvt          Long-TL               ICRA AA-     21345.1 Reaffirmed
Ltd
(Rating removed from rating watch with developing implications)
Atc Telecom Infrastructure Pvt          LT Non-FB Limits      ICRA AA-     2150    Reaffirmed
Ltd
(Rating removed from rating watch with developing implications)
Atc Telecom Infrastructure Pvt          LT FB Limits          ICRA AA-     3360    Reaffirmed
Ltd
(Rating removed from rating watch with developing implications)
Aye Finance (P) Ltd.                    PTC Series A1         ICRA A-(SO)  200     confirmed as
                                                                                   final
Aye Finance (P) Ltd.                    PTC Series A2         ICRA         11.8    confirmed as
                                                              BBB-(SO)             final
Bharti Infratel Ltd                     Issuer Rating         ICRA AA+     -       -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Central Bank Of India                   Upper Tier II bonds   ICRA A-      2850    Reaffirmed
                                        programme
Central Bank Of India                   Upper Tier II bonds   ICRA A-      5000    Reaffirmed
                                        programme
Central Bank Of India                   Upper Tier II bonds   ICRA A-      5000    Reaffirmed
                                        programme
Central Bank Of India                   Upper Tier II bonds   ICRA A-      10000   Reaffirmed
                                        programme
Central Bank Of India                   Lower Tier II bonds   ICRA A+      5000    Reaffirmed
                                        programme
Central Bank Of India                   Lower Tier II bonds   ICRA A+      -       Withdrawn
                                        programme
Central Bank Of India                   Lower Tier II bonds   ICRA A+      -       Withdrawn
                                        programme
Central Bank Of India                   Lower Tier II bonds   ICRA A+      -       Withdrawn
                                        programme
Citicorp Finance (India) Ltd            NCD Programme         ICRA AAA     127500  outstanding
Citicorp Finance (India) Ltd            LT Market Linked      PP-MLDICRA   5000    Assigned
                                        Debenture Programme   AAA
Citicorp Finance (India) Ltd            LT Market Linked      PP-MLDICRA   28476   outstanding
                                        Debenture Programme   AAA
Emmvee Photovoltaic Power Pvt           FB limits             ICRA BBB+    550     Assigned /
Ltd                                                           (Positive)           outstanding
                                                              / ICRA A2
Emmvee Photovoltaic Power Pvt           Non-FBL               ICRA BBB+    450     Assigned /
Ltd                                                           (Positive)           outstanding
                                                              / ICRA A2
Ganga Diagnostic Amp; Medical           Fund based – TL       ICRA B+      139.9   -
Research Centre Pvt. Ltd.
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Gruh Finance Ltd                        LT Debt Programme     ICRA AAA     -       Withdrawn
Gruh Finance Ltd                        LT Debt Programme     ICRA AAA     39470   outstanding
Gruh Finance Ltd                        Subordinated Debt     ICRA AAA     350     outstanding
                                        Programme
Idbi Bank Ltd                           Infrastructure Bonds  ICRA A       80000   Reaffirmed
(Rating watch with negative implications’ removed and ‘negative’ outlook assigned)
Idbi Bank Ltd                           Flexi Bond Series     ICRA A       2305    Reaffirmed
(Rating watch with negative implications’ removed and ‘negative’ outlook assigned)
Idbi Bank Ltd                           Senior & Lower Tier   ICRA A       257427.2Reaffirmed
                                        II (Subordinated
                                        Bonds)
(Rating watch with negative implications’ removed and ‘negative’ outlook assigned)
Idbi Bank Ltd                           Subordinated Debt     ICRA A       700     Reaffirmed
                                        Programme
(Rating watch with negative implications’ removed and ‘negative’ outlook assigned)
Idbi Bank Ltd                           Basel III Compliant   ICRA A(hyb)  50000   Reaffirmed
                                        Tier II Bonds
(Rating watch with negative implications’ removed and ‘negative’ outlook assigned)
Idbi Bank Ltd                           Upper Tier II Bonds   ICRA BBB+    42862   Reaffirmed
                                        Programme
(Rating watch with negative implications’ removed and ‘negative’ outlook assigned)
Idbi Bank Ltd                           Basel II Compliant    ICRA BBB+    17088   Reaffirmed
                                        Perpetual Bonds
(Rating watch with negative implications’ removed and ‘negative’ outlook assigned)
Kiran Renewables Pvt Ltd                Fund based-TL         ICRA BBB-    250     Reaffirmed
Reliance Power Ltd                      LT NCDs (NCD)         ICRA BBB     10000   Reaffirmed
                                                                                   at ICRA A1+
Reliance Power Ltd                      LT Loans              ICRA BBB     -       Reaffirmed
^includes ECB of US$ 25 mn
Reliance Power Ltd                      LT - FBL              ICRA BBB     800     Reaffirmed
Reliance Power Ltd                      Non FBL (B/G and L/C) ICRA BBB /   37120   Reaffirmed
                                                              ICRA A2
Rosa Power Supply Co. Ltd               TL – LT Scale         ICRA A-      48670   Revised from
                                                                                   ICRA A
Rosa Power Supply Co. Ltd               Working Capital Fac   ICRA         15540   Revised from
                                        (CC/WCDL)             A-/ICRA A2+          ICRA A /ICRA
                                                                                   A1
Rosa Power Supply Co. Ltd               LER limit             ICRA         100     Revised from
                                                              A-/ICRA A2+          ICRA A /ICRA
                                                                                   A1
Rosa Power Supply Co. Ltd               Non-FBL (B/G and L/C) ICRA         1500    Revised from
                                                              A-/ICRA A2+          ICRA A /ICRA
                                                                                   A1
Suryoday Small Finance Bank Ltd         LT Bk Lines           ICRA A-      1051.2  Outstanding
Suryoday Small Finance Bank Ltd         NCD                   ICRA A-      1765    Outstanding
Suryoday Small Finance Bank Ltd         Sub. Debt Programme   ICRA A-      500     Outstanding
Suryoday Small Finance Bank Ltd         NCD                   ICRA A-      370     Withdrawn
Vidarbha Industries Power Ltd           TL – LT Scale^        ICRA A-      -       Revised from
                                                                                   ICRA A
^includes ECB of US$ 150 mn
--------------------------------------------------------------------------------------------
$: 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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